Bank of Nanjing (601009) H1 2025 earnings summary

Executive summary

• Achieved robust growth in revenue and net profit for the first half of 2025, with balanced expansion in assets and liabilities, and continued improvement in business structure and risk management.

• Maintained a strong capital position and asset quality, with a focus on supporting the real economy, green finance, and digital transformation.

• Successfully completed major capital market transactions, including convertible bond conversions and new bond issuances, further strengthening the capital base.

Financial highlights

• Operating income for H1 2025 reached RMB 28.48 billion, up 8.64% year-over-year; net profit attributable to shareholders was RMB 12.62 billion, up 8.84%.

• Total assets as of June 30, 2025, were RMB 2.90 trillion, up 11.96% from year-end 2024; total liabilities were RMB 2.69 trillion, up 12.16%.

• Basic EPS was RMB 1.13; net asset per share was RMB 14.50.

• Net interest income rose 22.13% year-over-year, while non-interest income declined 4.26%.

• Cost-to-income ratio improved to 25.07%, down 3.01 percentage points from year-end.

Outlook and guidance

• Will continue to focus on high-quality growth, digital transformation, and risk management, with an emphasis on supporting key sectors such as green finance, technology, and inclusive finance.

• Plans to further optimize business structure, enhance customer service, and strengthen capital and risk controls in the second half of 2025.