Industrial Bank (601166) investor relations material

Executive summary

• Revenue for H1 2026 was RMB 110.18 billion, down 0.25% year-over-year; net profit attributable to shareholders was RMB 41.13 billion, down 4.66% year-over-year.

• Total assets reached RMB 11.46 trillion, up 3.31% from end-2025; loans grew 3.62% and deposits rose 5.03% over the same period.

• Net interest margin narrowed to 1.60%, down 15bps year-over-year; non-interest income increased 1.83%.

• Asset quality remained stable with NPL ratio at 1.08% and provision coverage at 225.67%.

Financial highlights

• Operating income: RMB 110.18 billion (down 0.25% YoY); net interest income: RMB 72.80 billion (down 1.29% YoY); non-interest income: RMB 37.37 billion (up 1.83% YoY).

• Net profit attributable to shareholders: RMB 41.13 billion (down 4.66% YoY); basic EPS: RMB 1.88.

• Cost-to-income ratio improved to 25.60% (down 0.29ppt YoY).

• Total assets: RMB 11.46 trillion; total loans: RMB 6.16 trillion; total deposits: RMB 6.23 trillion.

• Capital adequacy ratio: 14.21%; core tier-1 capital adequacy: 9.43%.

Outlook and guidance

• The bank will continue to focus on digital, green, international, integrated, and ecosystem-driven strategies.

• Emphasis on high-quality growth, risk management, and capital efficiency; further expansion in technology, green, and inclusive finance.

• Plans to maintain stable asset quality and optimize business structure amid a challenging macro environment.