Ping An Bank (000001) investor relations material

Executive summary

• 9M 2026 revenue reached RMB 103,100m, up 2.4% YoY; net profit was RMB 39,186m, up 2.2% YoY. Q3 revenue rose 3.8% to RMB 32,483m, while net profit increased 0.2% to RMB 13,490m.

• Business remained steady, with loan growth concentrated in corporate lending and deposits up 3.1% from year-end; non-interest income grew faster than net interest income.

• 9M operating cash flow was RMB 283,221m, up 294.6% YoY.

Financial highlights

• 9M net interest income was RMB 66,755m, up 0.3% YoY; non-interest income rose 6.5%, reaching 35.25% of revenue, supported by wealth management and bond investment.

• Adjusted net profit, excluding non-recurring items, was RMB 39,124m, up 2.2% YoY; 9M basic and diluted EPS were RMB 1.94, up 3.7%.

• Total assets were RMB 5,952,354m at September-end, up 0.4% from year-end; loans rose 1.2% to RMB 3,431,480m and deposits rose 3.1% to RMB 3,692,327m.

• 9M net interest margin was 1.80%, up 1 bp YoY; cost-to-income ratio was 27.01%, down 0.46 percentage points YoY.

Outlook and guidance

• Priorities include supporting consumption, manufacturing and the real economy; optimizing retail asset mix, expanding quality customer lending and maintaining disciplined risk controls.

• For property lending, planned focus is on selected cities and projects, including housing development, affordable and rental housing, existing-home acquisition for affordable housing, and urban renewal.

• Continued AI and digital transformation is intended to improve operating efficiency, customer service and risk management; no numeric earnings guidance was stated.