Bank of Nanjing (601009) H2 2025 earnings summary

Executive summary

• Achieved record total assets of RMB 3.02 trillion, up 16.61% year-over-year; loans and deposits grew 13.37% and 11.67% respectively.

• Operating income reached RMB 55.54 billion, up 10.48% year-over-year; net profit attributable to shareholders was RMB 21.81 billion, up 8.08%.

• Maintained strong asset quality with NPL ratio at 0.83% and provision coverage at 313.62%.

• Cost-to-income ratio improved to 26.07%, down 2.01 percentage points year-over-year.

• Board proposes a total cash dividend of RMB 6.542 billion for 2025, representing 30% payout of net profit.

Financial highlights

• Net interest income rose 31.08% year-over-year to RMB 34.90 billion, driven by loan and bond investment growth.

• Non-interest income declined 12.71% year-over-year, mainly due to lower fair value gains.

• Fee and commission income increased 16.56% year-over-year, with strong growth in agency and consulting, and loan guarantee fees.

• Operating profit was RMB 26.14 billion, up 5.88% year-over-year.

• Cash flow from operating activities turned positive to RMB 210.21 billion from negative RMB 65.80 billion last year.

Outlook and guidance

• 2026 marks the start of the new five-year plan, focusing on high-quality growth, digital transformation, and risk management.

• Strategic priorities include strengthening core business, enhancing customer service, and deepening digital and green finance.

• Management expects continued stable growth in assets, profitability, and risk resilience, while navigating macroeconomic and industry uncertainties.