Yibin City Commercial Bank (2596) H1 2025 earnings summary

Executive summary

• H1 operating income rose 8.3% YoY to RMB1,168.0 million and net profit increased 11.1% to RMB290.8 million; profit before tax rose 2.3% to RMB355.1 million.

• At June 30, 2025, total assets were RMB113,230.1 million, net loans RMB63,091.1 million and customer deposits RMB92,226.3 million; the NPL ratio held at 1.68%.

Financial highlights

• Net interest income rose 12.9% YoY to RMB934.9 million, supported by loan and deposit growth and lower deposit pricing.

• Net gains on financial investments increased 85.8% to RMB129.7 million, mainly from strategic bond sales; trading gains fell 48.8% to RMB66.6 million.

• Net fee and commission income fell 74.0% to RMB9.6 million, mainly as wealth-management agency commission income declined.

• Operating expenses edged up 0.6% to RMB351.7 million; expected credit losses increased 21.0% to RMB461.2 million, limiting pre-tax profit growth.

• Income tax expense fell 24.5% to RMB64.3 million; net profit rose 11.1% to RMB290.8 million.

Outlook and guidance

• H2 outlook cited rising global downturn risk, tariff-related policy uncertainty and external instability; domestic resilience, policy implementation and regional development were supportive factors.

• Strategic priorities include digital transformation, technology-enabled financial services, specialization, modernization, deeper local integration and differentiated development.