CHINA CITIC BANK (998) H1 2025 earnings summary

Executive summary

• Net profit attributable to shareholders rose 2.78% year-on-year to RMB36.478 billion, while operating income declined 2.96% to RMB105.426 billion for the first half of 2025.

• Asset quality remained stable with an NPL ratio of 1.16% and allowance coverage ratio at 207.53%.

• Total assets increased 3.42% from year-end 2024 to RMB9,858.466 billion; customer deposits grew 5.69% to RMB6,106.907 billion.

• Interim dividend is proposed at RMB1.88 per 10 shares, with a payout ratio of 30.7% of net profit attributable to ordinary shareholders.

• Total loans and advances to customers rose 1.43% and corporate loans grew 10.92% from year-end 2024.

Financial highlights

• Net interest income was RMB71.201 billion, down 1.94% year-on-year; net non-interest income was RMB34.225 billion, down 5.01%.

• Net interest margin declined 0.14 percentage points year-on-year to 1.63%.

• Cost-to-income ratio improved to 27.04%, down 0.42 percentage points year-on-year.

• Credit impairment losses decreased 14.03% year-on-year to RMB29.586 billion; credit cost decreased to 0.89% from 1.09%.

• Basic EPS was RMB0.62, diluted EPS RMB0.61.

Outlook and guidance

• The bank expects a complex external environment in the second half of 2025, with opportunities from macro policy support and risks from sector imbalances.

• Strategic focus will remain on high-quality development, risk control, digital transformation, and supporting the real economy.

• The bank aims to further strengthen risk controls, cost management, and investor returns.