Hua Xia Bank Co. (600015) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 24.62 billion, up 35.33% year-over-year, driven by capital market gains and fair value changes.

• Net profit attributable to shareholders was RMB 4.99 billion, down 1.50% year-over-year.

• Total assets grew to RMB 4.88 trillion, a 2.97% increase from the previous year-end.

• Loan balance rose 7.79% to RMB 2.77 trillion, and deposit balance increased 6.86% to RMB 2.57 trillion.

Financial highlights

• Operating income increased by RMB 6.43 billion year-over-year, mainly due to a RMB 2.21 billion gain in fair value changes versus a loss last year.

• Net interest income was RMB 17.67 billion, up from RMB 15.55 billion year-over-year.

• Cost-to-income ratio improved to 21.71%, down 5.75 percentage points year-over-year.

• Net interest margin rose to 1.63% from 1.57% year-over-year.

• Operating cash flow was negative RMB 36.13 billion, compared to a positive RMB 36.74 billion last year, mainly due to increased loans and advances.

Outlook and guidance

• The bank remains focused on high-quality growth, strategic execution, and supporting the real economy.