Bank of Hangzhou Co. (600926) Q3 2025 earnings summary

Executive summary

• Achieved operating income of RMB 28.88 billion for the first nine months of 2025, up 1.35% year-over-year; net profit attributable to shareholders reached RMB 15.88 billion, up 14.53% year-over-year.

• Net interest income grew 9.96% and net fee and commission income rose 12.65% year-over-year.

• Total assets at quarter-end were RMB 2.30 trillion, up 8.67% from the previous year-end; total loans increased 9.39% and deposits rose 5.97%.

• Asset quality remained stable with a non-performing loan (NPL) ratio of 0.76% and provision coverage at 513.64%.

Financial highlights

• Basic EPS for the first nine months was RMB 2.31, up 0.87% year-over-year; weighted average ROE was 12.68%, down 0.83 percentage points.

• Net cash flow from operating activities surged 311.71% year-over-year to RMB 82.75 billion, mainly due to increased net decrease in financial assets held for trading.

• Capital adequacy ratio improved to 14.43%, with core tier-1 at 9.64% and tier-1 at 11.82%.

• Cost-to-income ratio was 27.09%, and average ROA was 0.72%.

Outlook and guidance

• Continued focus on optimizing corporate finance, expanding green finance, and enhancing digital and retail banking services.

• Plans to maintain prudent risk management and stable asset quality while supporting real economy growth.