Bank of Beijing (601169) H1 2025 earnings summary

Executive summary

• Achieved revenue of RMB 36.22 billion in H1 2025, up 1.02% year-over-year; net profit attributable to shareholders reached RMB 15.05 billion, up 1.12% year-over-year.

• Total assets grew to RMB 4.75 trillion, up 12.53% from year-end 2024; loans and advances increased 8.18% to RMB 2.39 trillion.

• Maintained high-quality growth in retail, corporate, and financial market businesses, with strong expansion in technology, green, and inclusive finance.

• Asset quality remained stable; NPL ratio at 1.30%, down 0.01 percentage points from year-end 2024.

• Capital adequacy ratios met regulatory requirements; core Tier 1 at 8.59%, Tier 1 at 12.08%, total CAR at 13.06%.

Financial highlights

• Operating income: RMB 36.22 billion (+1.02% YoY); net profit: RMB 15.05 billion (+1.12% YoY).

• Basic EPS: RMB 0.69 (+1.47% YoY); ROA: 0.67%; ROE: 10.64%.

• Net interest margin: 1.31% (down 16 bps YoY); net fee and commission income: RMB 2.51 billion (+20.40% YoY).

• Non-interest income: RMB 10.37 billion (+0.53% YoY); cost-to-income ratio: 26.07%.

• Operating cash flow: RMB 166.91 billion (significant improvement from negative in H1 2024).

Outlook and guidance

• Will continue to focus on digital transformation, risk management, and high-quality growth.

• Plans to further expand in technology, green, inclusive, and digital finance, and support strategic emerging industries.

• Aims to maintain stable dividend policy and enhance shareholder returns.