Industrial Bank (601166) Q3 2025 earnings summary

Executive summary

• Achieved total assets of RMB 10.67 trillion as of September 30, 2025, up 1.57% from year-end 2024.

• Customer loans reached RMB 5.99 trillion, up 4.42% from year-end 2024; customer deposits at RMB 5.83 trillion, up 5.47%.

• Net profit attributable to shareholders for the first nine months was RMB 63.08 billion, up 0.12% year-over-year.

• Maintained stable asset quality with a non-performing loan (NPL) ratio of 1.08%.

• MSCI ESG rating remained at AAA, the highest in the domestic banking sector for seven consecutive years.

Financial highlights

• Operating income for Q3 2025 was RMB 50.78 billion, down 0.78% year-over-year; for the first nine months, RMB 161.23 billion, down 1.82%.

• Net interest income for the first nine months was RMB 110.96 billion, down 0.56% year-over-year.

• Fee and commission income grew 3.79% year-over-year to RMB 20.08 billion.

• Cost-to-income ratio for the first nine months was 26.97%, at a low level.

• Basic EPS for the first nine months was RMB 2.85, down 1.72% year-over-year.

• Operating cash flow for the first nine months was RMB 202.90 billion, a significant improvement from negative in the prior year.

Outlook and guidance

• Focus on stable asset and liability growth, with emphasis on supporting the real economy and green finance.

• Continued efforts to control costs and enhance risk management.

• Ongoing digital transformation and ESG initiatives to support long-term sustainable growth.