China Everbright Bank Company (601818) Q2 2025 earnings summary

Executive summary

• Achieved net profit of RMB 24.74 billion for H1 2025, up 0.53% year-over-year, with total assets reaching RMB 7.24 trillion, a 4.02% increase from year-end 2024.

• Operating income was RMB 65.92 billion, down 5.57% year-over-year, mainly due to lower net interest income and fee income.

• Asset quality remained stable with an NPL ratio of 1.25%, and capital adequacy ratios continued to meet regulatory requirements.

• Focused on supporting the real economy, green finance, inclusive finance, and digital transformation.

Financial highlights

• Net profit attributable to shareholders: RMB 24.62 billion, up 0.55% year-over-year.

• Operating income: RMB 65.92 billion, down 5.57% year-over-year.

• Net interest income: RMB 45.43 billion, down 5.57% year-over-year; net interest margin at 1.40%.

• Total assets: RMB 7.24 trillion, up 4.02% from year-end 2024.

• Customer deposits: RMB 4.25 trillion, up 5.39% from year-end 2024.

• Loans and advances: RMB 4.08 trillion, up 3.82% from year-end 2024.

• Cost-to-income ratio: 26.53%, up 0.30 percentage points year-over-year.

• Non-recurring losses: RMB -344 million, mainly from asset disposals and other items.

Outlook and guidance

• Will continue to focus on supporting the real economy, green finance, and digital transformation.

• Expects continued pressure on net interest margin due to low interest rate environment.

• Plans to maintain prudent risk management and stable asset quality.

• Dividend payout for 2024 was RMB 0.189 per share, with a payout ratio of 30.14%.