HUISHANG BANK issues profit warning, expecting mid-term net profit of approximately 9.3 billion yuan, a year-on-year increase of about 3.8%
Huishang Bank expects a mid-2025 net profit of approximately 9.3 billion yuan, a year-on-year increase of about 3.8%. As of June 30, 2025, the group's total assets are expected to be around 2.25 trillion yuan, an increase of about 11.8% compared to the beginning of the year; operating income is expected to be around 21.1 billion yuan, a year-on-year increase of about 2.2%. The non-performing loan ratio is expected to be around 0.98%, with a non-performing loan provision coverage ratio of approximately 289%. The bank believes that the reasons for the positive performance include serving the real economy, increasing credit investment, optimizing asset structure, and effectively disposing of non-performing assets
According to the announcement from Huishang Bank (03698), as of June 30, 2025, the group's total assets are approximately RMB 2.25 trillion, an increase of about 11.8% compared to the beginning of the year; operating income is approximately RMB 21.1 billion, a year-on-year increase of about 2.2%; net profit is approximately RMB 9.3 billion, a year-on-year increase of about 3.8%; asset quality continues to improve, risk compensation capacity further enhances, non-performing loan ratio is approximately 0.98%, and the non-performing loan provision coverage ratio is approximately 289%, an increase of about 3 percentage points compared to the end of last year.
Based on currently available information, the bank believes that the main reasons for the group's positive mid-term performance in 2025 are: consistently adhering to the essence of finance and fully serving the real economy; increasing credit investment in key areas and promoting balanced business development; continuously optimizing asset structure and managing liabilities effectively; and enhancing the disposal of non-performing assets through various measures, achieving good results
