Yibin City Commercial Bank (2596) investor relations material

Executive summary

• H1 operating income rose 17.6% YoY to RMB1,373.7 million; net profit increased 11.1% to RMB323.2 million.

• At June 30, assets were RMB132,071.3 million, net customer loans RMB72,876.9 million and customer deposits RMB100,014.7 million; NPL ratio fell to 1.53%.

Financial highlights

• Net interest income rose 17.5% YoY to RMB1,098.8 million as interest expense declined 6.5%; it represented 80.0% of operating income.

• Profit before tax rose 12.9% to RMB400.8 million; net profit attributable to shareholders was RMB315.2 million, up 10.8%. Basic EPS was RMB0.07.

• Net trading gains rose 127.6% to RMB151.6 million, mainly from bond valuation changes; net fee and commission income fell 66.7% to RMB3.2 million.

• Operating expenses increased 6.4% to RMB374.1 million, while expected credit losses rose 29.3% to RMB596.2 million.

Outlook and guidance

• H2 outlook cited global economic pressure, external uncertainty and tariff-policy changes; domestic policies are expected to support demand, technology, transformation and livelihoods.

• Priorities include serving Yibin’s real economy and emerging industries, leveraging Chengdu-Chongqing development, and expanding tailored services for small and micro enterprises; no numerical earnings guidance was stated.