CHINA CITIC BANK (998) H2 2025 earnings summary

Executive summary

• Net profit attributable to equity holders rose 2.98% year-over-year to RMB70.62 billion, with total assets surpassing RMB10 trillion for the first time, up 6.28% from the prior year.

• Operating income was RMB212.64 billion, down 0.28% year-over-year, as net interest income declined 1.51% but net non-interest income grew 2.44%.

• Asset quality remained stable: NPL ratio declined to 1.15%, allowance coverage ratio at 203.61%, and credit cost improved to 0.89%.

• Dividend payout reached RMB21.20 billion (RMB3.81 per 10 shares), with a payout ratio of 31.75%.

• The bank maintained strong capital adequacy, liquidity, and regulatory compliance, with all key ratios above regulatory minimums.

Financial highlights

• Net profit attributable to equity holders: RMB70.62 billion (+2.98% YoY).

• Operating income: RMB212.64 billion (-0.28% YoY).

• Net interest income: RMB144.47 billion (-1.51% YoY); net non-interest income: RMB68.17 billion (+2.44% YoY).

• Total assets: RMB10.13 trillion (+6.28% YoY); total loans: RMB5.86 trillion (+2.48% YoY); total deposits: RMB6.05 trillion (+4.69% YoY).

• Basic and diluted EPS: RMB1.20.

• NPL ratio: 1.15% (down 0.01pp YoY); allowance coverage: 203.61%.

• Core tier-one capital adequacy: 9.48%; capital adequacy ratio: 12.80%.

• Liquidity coverage ratio: 144.22%.

Outlook and guidance

• Management expects asset growth of around 5% in 2026, with continued focus on risk control, structural optimization, and high-quality development.

• Strategic priorities include technology finance, green finance, inclusive finance, pension finance, and digital finance.

• Dividend payout ratio is expected to remain stable, with ongoing commitment to shareholder returns.