Bank of Hangzhou Co. (600926) Q1 2025 earnings summary

Executive summary

• Achieved operating income of RMB 9.98 billion, up 2.22% year-over-year for Q1 2025.

• Net profit attributable to shareholders reached RMB 6.02 billion, a 17.30% increase year-over-year.

• Total assets grew to RMB 2.22 trillion, up 5.20% from the end of 2024.

• Asset quality remained stable with a non-performing loan (NPL) ratio of 0.76%.

• Major business lines (corporate, retail, asset management) all reported steady growth and improved profitability.

Financial highlights

• Operating income: RMB 9.98 billion, up 2.22% year-over-year.

• Net profit attributable to shareholders: RMB 6.02 billion, up 17.30% year-over-year.

• Basic EPS: RMB 0.94, up 14.63% year-over-year.

• Net cash flow from operating activities: RMB 47.30 billion, a significant turnaround from negative RMB 11.43 billion last year.

• Total assets: RMB 2.22 trillion, up 5.20% from year-end 2024.

Outlook and guidance

• Management emphasized a focus on high-quality growth, digital transformation, and risk control.

• The bank aims to maintain stable asset quality and further expand core business segments.

• Continued investment in green finance and digital banking initiatives.