Bank of Hangzhou Co. (600926) Q1 2026 earnings summary

Executive summary

• Achieved revenue of RMB 10.41 billion in Q1 2026, up 4.29% year-over-year; net profit attributable to shareholders reached RMB 6.63 billion, up 10.09% year-over-year.

• Total assets grew to RMB 2.44 trillion, a 3.08% increase from year-end 2025; total loans rose 7.57% to RMB 1.15 trillion.

• Asset quality remained stable with a non-performing loan (NPL) ratio of 0.76% and provision coverage at 481.39%.

Financial highlights

• Net interest income increased to RMB 7.85 billion from RMB 6.50 billion year-over-year.

• Basic EPS was RMB 0.88, down 6.38% year-over-year; diluted EPS was RMB 0.88, up 6.02%.

• Operating cash flow was negative RMB 36.86 billion, a significant decline from positive RMB 47.30 billion in Q1 2025.

• Cost-to-income ratio improved to 22.18% from 23.70% year-over-year.

Outlook and guidance

• Continued focus on digital transformation, green finance, and expanding cross-border and retail banking services.

• Plans to strengthen risk management and maintain asset quality amid evolving market conditions.