Bank of Beijing (601169) H2 2025 earnings summary

Executive summary

• Achieved total operating income of RMB 68.04 billion, net profit attributable to shareholders of RMB 20.09 billion, and basic EPS of RMB 0.78 for 2025, with a year-over-year decline in both revenue and profit.

• Total assets reached RMB 4.94 trillion, up 17.04% from the previous year; loans and advances totaled RMB 2.40 trillion, up 8.59%; deposits reached RMB 2.70 trillion, up 10.03%.

• Board proposes a cash dividend of RMB 2.78 per 10 shares for 2025, pending shareholder approval.

• The 2025 financial statements received an unqualified audit opinion from KPMG Huazhen.

Financial highlights

• Operating income decreased by 3.39% year-over-year; net profit attributable to shareholders fell by 23.73%.

• ROA was 0.44%, down 33.33% year-over-year; ROE was 6.11%, down 31.19%.

• Net interest margin was 1.27%, down 20 basis points; cost-to-income ratio rose to 30.90%.

• Non-performing loan (NPL) ratio improved to 1.29%, down 0.02 percentage points; provision coverage at 200.21%.

• Core Tier 1 capital adequacy ratio at 8.37%, Tier 1 at 11.70%, total capital adequacy at 12.88%.

Outlook and guidance

• Expects net interest margin pressure to ease in 2026, with asset yields stabilizing and liability costs further managed.

• Will focus on optimizing asset-liability structure, enhancing risk pricing, and expanding low-cost deposit sources.

• Strategic focus on technology finance, green finance, inclusive finance, pension finance, and digital finance.