Industrial Bank (601166) investor relations material

Executive summary

• Total assets reached RMB 11,282.91 billion as of March 31, 2026, up 1.70% from year-end 2025, with stable growth in both loans and deposits.

• Net profit attributable to shareholders was RMB 23.83 billion for Q1 2026, a 0.15% year-over-year increase.

• Operating income was RMB 55.09 billion, down 1.06% year-over-year, with net interest income declining 2.13% and non-interest income rising 1.17%.

• Asset quality remained stable, with an NPL ratio of 1.08% and provision coverage at 224.52%.

• Cost-to-income ratio improved to 23.48%, down 0.74 percentage points year-over-year.

Financial highlights

• Loans totaled RMB 6,154.96 billion, up 3.46% from year-end 2025; deposits reached RMB 5,997.63 billion, up 1.15%.

• Net interest margin was 1.62%, down 18bps year-over-year; net fee and commission income grew 7.45%.

• Basic EPS was RMB 1.13, diluted EPS RMB 1.04, both slightly down year-over-year.

• Operating cash flow turned positive at RMB 65.78 billion, compared to negative RMB 59.41 billion in Q1 2025.

Outlook and guidance

• Continued focus on supporting key sectors such as technology, green finance, and manufacturing, with loan growth in these areas outpacing overall loan growth.

• Ongoing efforts to optimize deposit structure and control funding costs.

• Enhanced risk management and digital transformation to address macroeconomic uncertainties.