Industrial Bank (601166) investor relations material

Executive summary

• 9M 2026 revenue was RMB 161.58bn, up 0.22% YoY; parent-attributable net profit was RMB 60.69bn, down 3.79%, with the decline narrowing 0.87 percentage points from H1.

• Q3 revenue rose 1.24% YoY to RMB 51.41bn, while parent-attributable net profit fell 1.92% to RMB 19.56bn.

• Balance-sheet growth centered on corporate lending and deposits; non-interest income supported revenue as net interest income remained under pressure.

Financial highlights

• 9M net interest income fell 2.19% YoY to RMB 108.53bn; non-interest income rose 5.52% to RMB 53.05bn.

• 9M operating profit declined 2.99% to RMB 71.49bn; net profit was RMB 60.84bn and parent-attributable net profit RMB 60.69bn.

• 9M basic EPS was RMB 2.78, down 2.46% YoY; adjusted for non-recurring items, net profit was RMB 60.18bn, down 4.21%.

• 9M net fee and commission income rose 4.18% to RMB 20.92bn; other non-interest net income increased 6.41% to RMB 32.13bn.

• 9M credit impairment losses increased to RMB 45.09bn from RMB 42.23bn; business and management expenses declined 0.58% to RMB 43.02bn.

Outlook and guidance

• Strategy prioritizes industrial finance, with digitalization, green finance, internationalization, comprehensive services and ecosystem development as strategic directions.

• Management emphasized continued asset-liability optimization, cost control, non-interest income contribution and proactive risk management.

• An interim dividend plan was authorized at up to one-third of H1 attributable net profit to ordinary shareholders, with the board to formulate and implement the distribution.