Bank of Suzhou (002966) H1 2025 earnings summary

Executive summary

• Total assets reached RMB 754.97 billion as of June 30, 2025, up 8.83% from year-end 2024.

• Net profit for H1 2025 was RMB 3.24 billion, a 6.41% increase year-over-year.

• Operating income grew 1.81% year-over-year to RMB 6.50 billion.

• Company loans and deposits both saw double-digit growth, with company loans up 13.44% and company deposits up 10.68% from year-end 2024.

• Non-performing loan (NPL) ratio remained stable at 0.83%.

Financial highlights

• Net profit attributable to shareholders: RMB 3.13 billion, up 6.15% year-over-year.

• Operating profit: RMB 3.80 billion, up 6.11% year-over-year.

• Basic EPS: RMB 0.66, down from RMB 0.74 in H1 2024 due to share base expansion.

• Net interest income: RMB 4.26 billion, up 2.72% year-over-year.

• Net interest margin: 1.33%, down 0.20 percentage points year-over-year.

• Fee and commission income: RMB 773 million, up 7.53% year-over-year.

• Cost-to-income ratio improved to 30.51% from 36.79% at year-end 2024.

Outlook and guidance

• Management expects continued asset and profit growth, with a focus on risk control and digital transformation.

• The board is authorized to implement an interim dividend plan if conditions permit.