Bank of Beijing (601169) Q1 2025 earnings summary

Executive summary

• Total assets reached RMB 4.47 trillion, up 5.87% from year-end 2024, with steady business scale growth and a focus on digital transformation and risk management.

• Operating income for Q1 2025 was RMB 17.13 billion, down 3.18% year-over-year, mainly due to lower net interest income and fair value changes.

• Net profit attributable to shareholders was RMB 7.67 billion, a 2.44% decrease year-over-year; annualized ROE was 11.31%.

• Loans and advances grew 5.85% to RMB 2.34 trillion; deposits rose 6.17% to RMB 2.60 trillion.

Financial highlights

• Net interest income was RMB 12.59 billion, down from RMB 12.77 billion year-over-year.

• Fee and commission income increased to RMB 1.66 billion from RMB 1.41 billion year-over-year.

• Operating profit was RMB 8.87 billion, compared to RMB 8.97 billion in Q1 2024.

• Basic and diluted EPS were both RMB 0.36, down from RMB 0.37 year-over-year.

• Net cash flow from operating activities was negative RMB 11.61 billion, a slight improvement from negative RMB 12.10 billion in Q1 2024.

Outlook and guidance

• The bank will continue to deepen transformation, strengthen customer base, accelerate digitalization, and focus on risk management to support high-quality growth.

• Emphasis on supporting technology, green, inclusive, and specialized sectors with increased credit allocation.