Bank of Ningbo (002142) Q2 2025 earnings summary

Executive summary

• Achieved robust growth in revenue and net profit amid industry margin pressure, with high-quality development and digital transformation advancing.

• Operating income for H1 2025 was RMB 37.16 billion, up 7.91% year-over-year.

• Net profit attributable to shareholders reached RMB 14.77 billion, an 8.23% increase year-over-year.

• Total assets grew to RMB 3,470.33 billion as of June 30, 2025, up 11.04% from year-end 2024.

Financial highlights

• Operating profit for H1 2025 was RMB 16.12 billion, up 3.09% year-over-year.

• Net interest income rose 11.11% to RMB 25,726 million; net interest margin declined to 1.76%.

• Non-interest income increased 1.34% to RMB 11,434 million, with fee and commission income up 6.32%.

• Basic EPS rose to RMB 2.24, an 8.21% increase year-over-year.

• Net assets per share attributable to ordinary shareholders increased to RMB 33.31, up 5.58%.

Outlook and guidance

• Net interest margin expected to stabilize as LPR declines moderate and asset/liability structure improves.

• Fee income projected to grow, driven by wealth management and product innovation.

• Asset quality to remain stable, with continued focus on risk management and non-performing asset resolution.

• Risk mitigation capacity improved, with key risk and capital indicators trending positively compared to Q1 2025.