Bank of Changsha (601577) Q1 2025 earnings summary

Executive summary

• Total assets reached RMB 1,211.24 billion as of March 31, 2025, up 5.62% from year-end 2024.

• Net profit attributable to shareholders was RMB 2.17 billion in Q1 2025, a 3.81% year-over-year increase.

• Operating income for Q1 2025 was RMB 6.81 billion, up 3.78% compared to Q1 2024.

• Asset quality remained stable with a non-performing loan (NPL) ratio of 1.18% and provision coverage of 309.82%.

Financial highlights

• Net interest income for Q1 2025 was RMB 5.09 billion, up from RMB 5.00 billion in Q1 2024.

• Basic and diluted EPS were both RMB 0.54, up 3.85% year-over-year.

• Net cash flow from operating activities was negative RMB 52.79 billion, reflecting increased holdings of trading financial assets.

• Loans and advances totaled RMB 587.94 billion, up 7.86% from year-end 2024; deposits reached RMB 750.71 billion, up 3.84%.

• Net assets attributable to shareholders stood at RMB 79.30 billion, up 1.65% from year-end 2024.

Key financial ratios and metrics

• Weighted average ROE for Q1 2025 was 3.21%, down 0.21 percentage points year-over-year.

• Core Tier 1 capital adequacy ratio was 9.74%; Tier 1 capital adequacy ratio 11.33%; total capital adequacy ratio 13.64%.

• Leverage ratio stood at 6.20% as of March 31, 2025.

• Liquidity coverage ratio was 400.69%; net stable funding ratio was 128.85%.

• NPL ratio was 1.18%, with a loan loss provision coverage ratio of 309.82%.