（原标题：招商银行(03968)公布2025年业绩 归母净利润1501.81亿元 同比增长1.21%） 智通财经APP讯，招商银行(03968)公布2025年业绩，实现营业净收入3,372.73亿元，同比增长0.05%;其 中，净利息收入2,155.93亿元，同比增长2.04%，非利息净收入1,216.80亿元，同比下降3.31%。归属于 该行股东的净利润1,501.81亿元，同比增长1.21%;每股基本盈利5.70元。 截至报告期末，集团资产总额130,705.23亿元，较上年末增长7.56%;贷款和垫款总额72,580.58亿元，较 上年末增长5.37%;负债总额117,896.24亿元，较上年末增长7.98%;客户存款总额98,361.30亿元，较上年 末增长8.13%。 截至报告期末，集团不良贷款余额682.06亿元，较上年末增加25.96亿元;不良贷款率0.94%，较上年末下 降 0.01个百分点;拨备覆盖率391.79%，较上年末下降20.19个百分点;贷款拨备率3.68%，较上年末下降 0.24个百分点。 fund ...

责任编辑：王馨茹 3月27日金融一线消息，招商银行在港交所公告，2025年实现营业净收入3372.73亿元，同比增长 0.05%；归母净利润1501.81亿元，同比增长1.21%。董事会建议向普通股股东派发2025年度现金股息， 全年每股现金分红2.016元（含税），扣除已派发的2025年度中期现金股息后，本次每股现金分红1.003 元（含税）。 | | | | 本年比上年 | | --- | --- | --- | --- | | (人民幣百萬元 · 特別註明除外) | 2025年 | 2024年 | 增减(%) | | 經營業績 | | | | | 三大名味就 | 337,273 | 337,121 | 0.05 | | 税前利潤 | 178,993 | 178,652 | 0.19 | | 歸屬於本行股東的浮利潤 | 150,181 | 148,391 | 1.21 | | 每股計(人民幣元) | | | | | 歸屬於本行普通股股東的基本盈利(2) | 5.70 | 5.66 | 0.71 | | 歸屬於本行普通股股東的稀釋盈利 | 5.70 | 5.66 | 0.71 | | | 2025年 | 2 ...

Group 1 - The core viewpoint of the article is that China Merchants Bank plans to increase its total customer deposits and total customer loans and advances by 6% to 7% by 2026 [1] Group 2 - The company aims to enhance its financial position by focusing on customer deposits and loans, indicating a growth strategy in its banking operations [1] - This growth target reflects the bank's confidence in the market and its commitment to expanding its customer base and financial services [1] - The planned increase in deposits and loans suggests a proactive approach to meet the evolving needs of customers and to strengthen its competitive position in the banking sector [1]

截至报告期末，集团不良贷款余额682.06亿元，较上年末增加25.96亿元；不良贷款率0.94%，较上年末 下降0.01个百分点；拨备覆盖率391.79%，较上年末下降20.19个百分点；贷款拨备率3.68%，较上年末 下降0.24个百分点。 格隆汇3月27日丨招商银行(03968.HK)公布2025年度业绩，报告期内，集团实现营业净收入3,372.73亿元 (人民币，下同)，同比增长0.05%，其中，净利息收入2,155.93亿元，同比增长2.04%，非利息净收入 1,216.80亿元，同比下降3.31%；实现归属于本行股东的净利润1,501.81亿元，同比增长1.21%；归属于 本行股东的平均总资产收益率(ROAA)和归属于本行普通股股东的平均净资产收益率(ROAE)分别为 1.19%和13.44%，同比分别下降0.09和1.05个百分点。董事会建议向普通股股东派发2025年度现金股 息，全年每股现金分红2.016元(含税)，扣除已派发的2025年度中期现金股息后，本次每股现金分红 1.003元(含税)。 截至报告期末，集团资产总额130,705.23亿元，较上年末增长7.56%；贷款和垫款总额72,58 ...

格隆汇3月27日｜招商银行全年净利润1,501.8亿元人民币，预估1,494.3亿元人民币。全年净利息收入 2,155.9亿元人民币，预估2,152.8亿元人民币。全年不良贷款率0.94％，预估0.93％。全年拨备覆盖率 391.8％，预估397.6％。全年净息差1.87％，预估1.86％。全年不良贷款额682.1亿元人民币，预估679.6 亿元人民币。 ...

Financial Performance - In 2025, the company achieved a stable growth in operating performance, with revenue and profit both returning to "double growth" [10] - Net operating income for the reporting period was 337.27 billion yuan, and net profit attributable to shareholders was 150.18 billion yuan, both showing positive year-on-year growth [21] - The company's operating income for 2025 was RMB 337,273 million, a slight increase of 0.05% compared to RMB 337,121 million in 2024 [45] - The pre-tax profit for 2025 reached RMB 178,993 million, reflecting a growth of 0.19% from RMB 178,652 million in the previous year [45] - Net profit attributable to shareholders was RMB 150,181 million, up by 1.21% from RMB 148,391 million in 2024 [45] - Total assets increased by 7.56% to RMB 13,070,523 million from RMB 12,152,036 million year-over-year [45] - Total loans and advances amounted to RMB 7,258,058 million, representing a growth of 5.37% compared to RMB 6,888,315 million in 2024 [45] - Customer deposits rose by 8.13% to RMB 9,836,130 million from RMB 9,096,587 million in the previous year [45] Risk Management - The company has detailed the major risks and corresponding measures in its risk management section [8] - The non-performing loan ratio improved to 0.94%, with a provision coverage ratio of 391.79%, indicating strong risk mitigation capabilities [21] - The company aims to strengthen risk management and asset classification, ensuring adequate provisioning and actively managing overdue loans [169] - The company recognizes the challenges posed by a low interest rate environment and aims to strengthen its survival and development capabilities [30] - The company is committed to supporting the optimization of industrial structure and the transformation of traditional manufacturing [110] Capital Adequacy - The core Tier 1 capital adequacy ratio reached 14.16%, and the total capital adequacy ratio was 18.24% [21] - The core Tier 1 capital adequacy ratio improved significantly, rising from 17th to 8th among the world's top 1000 banks [30] - The leverage ratio as of December 31, 2025, was 8.00%, a decrease of 0.46 percentage points from the previous year [124] - The balance of loan loss provisions as of December 31, 2025, was RMB 267.222 billion, a decrease of RMB 30.79 billion from the previous year, with a coverage ratio of 391.79%, down 20.19 percentage points [122] Customer Growth - The number of retail customers reached 220 million, and the total number of corporate customers was 3.62 million [12] - The total number of retail customers reached 224 million, an increase of 6.67% year-on-year, with high-value customers (total assets over CNY 500,000) growing by 13.29% to 5.93 million [180] - The number of corporate clients increased to 3.62 million, a growth of 14.40% year-on-year, with 657,200 new accounts opened during the reporting period [192] Dividend Policy - The company plans to distribute a cash dividend of RMB 2.016 per share for the 2025 fiscal year, with a net dividend of RMB 1.003 per share after the interim dividend [9] - The cash dividend payout ratio increased to 35%, reflecting a commitment to providing stable returns to shareholders [12] - The company implemented a mid-term cash dividend policy with a payout ratio of over 35% starting from the 2023 fiscal year [22] Innovation and Technology - The company has implemented over 800 AI application scenarios, achieving a 50% coverage rate in intelligent scenarios [1] - The company launched the first RMB-settled Mastercard international debit card and introduced innovative financing products such as "Zhaoqi Loan" and "Sci-tech Loan" [24] - The company invested CNY 12.901 billion in information technology, representing 4.31% of its net operating income [146] - The AI-assisted coding product "Coding Assistant" has achieved a coverage rate of over 97% among R&D personnel, significantly improving coding efficiency [152] Asset Management - Total assets under management (AUM) surpassed 17 trillion yuan, with a compound annual growth rate of over 13% in the past five years [1] - The total scale of asset management business reached CNY 4.71 trillion, an increase of 5.13% compared to the end of the previous year [144] - Retail customer total assets (AUM) amounted to CNY 17.08 trillion, a year-on-year increase of 14.44% [180] Corporate Strategy - The company emphasizes quality, efficiency, and scale in its development strategy, aiming for high-quality growth and improved service to the real economy [10] - The company aims to enhance its competitive edge through strategic transformation in technology finance, green finance, and digital finance [13] - The company plans to enhance asset-liability management to support continuous growth in net interest income and stabilize net interest yield [158] - The company will accelerate the transformation of asset management business to enhance product innovation and increase revenue contribution from asset management [161] International Expansion - The international assets of overseas institutions grew by 12.88% year-over-year, with revenue increasing by 33.78% during the reporting period [24] - The group has established 6 branches and 3 wholly-owned subsidiaries overseas, enhancing its international presence [138] Customer Service and Experience - The company processed 1.4085 million paperless reimbursement requests during the reporting period, a year-on-year increase of 23.76%, with the paperless reimbursement ratio rising to 89.62%, up by 7.73 percentage points from the end of the previous year [151] - The number of clients served by the financial management cloud service reached 799,300, a growth of 29.93% compared to the end of the previous year [149] - The company is focusing on enhancing AI capabilities and integrating technology into business operations to improve customer experience and operational efficiency [187]

Group 1 - The Bank ETF Fuquo (159887) opened down 0.39% at 1.288 yuan on March 27 [1][2] - Major holdings in the Bank ETF Fuquo include: - China Merchants Bank down 0.15% - Industrial Bank down 0.42% - Industrial and Commercial Bank down 0.13% - Agricultural Bank down 0.31% - Bank of Communications down 0.15% - Pudong Development Bank down 0.50% - Jiangsu Bank down 0.09% - Ping An Bank down 0.27% - Shanghai Bank unchanged - Minsheng Bank down 0.26% [1][2] - The performance benchmark for the Bank ETF Fuquo is the CSI 800 Bank Index return, managed by Fuquo Fund Management Co., Ltd. [1][2] - Since its establishment on May 12, 2021, the Bank ETF Fuquo has returned 29.40%, with a return of 3.16% over the past month [1][2]

Group 1 - The Bank ETF Hu'an (516210) opened with a gain of 2.88%, priced at 1.393 yuan [1][2] - Major holdings in the Bank ETF Hu'an include several banks, with the following opening performances: China Merchants Bank down 0.15%, Industrial Bank down 0.42%, Industrial and Commercial Bank down 0.13%, Agricultural Bank down 0.31%, Bank of Communications down 0.15%, Pudong Development Bank down 0.50%, Jiangsu Bank down 0.09%, Ping An Bank down 0.27%, Shanghai Bank unchanged, and Minsheng Bank down 0.26% [1][2] - The performance benchmark for the Bank ETF Hu'an is the CSI Bank Index return, managed by Hu'an Fund Management Co., Ltd., with a fund manager named Su Qingyun [1][2] - Since its establishment on September 3, 2021, the Bank ETF Hu'an has achieved a return of 35.46%, with a return of 3.04% over the past month [1][2]

Group 1 - The Bank ETF E Fund (516310) opened at 1.312 yuan, experiencing a decline of 0.15% on March 27 [1] - Major holdings in the Bank ETF include China Merchants Bank, Industrial Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, Shanghai Pudong Development Bank, Jiangsu Bank, Ping An Bank, Shanghai Bank, and Minsheng Bank, with most showing declines [1] - The performance benchmark for the Bank ETF is the CSI Bank Index return, managed by E Fund Management Co., Ltd., with a return of 31.33% since its inception on May 20, 2021, and a return of 3.05% over the past month [2] Group 2 - A MACD golden cross signal has formed, indicating potential upward momentum for certain stocks [3]

Core Viewpoint - The strategic cooperation between China Merchants Bank Changchun Branch and Jilin Provincial Federation of Trade Unions aims to explore a new "finance + trade union" service model, enhancing the quality of trade union services in Jilin Province [1][2] Group 1: Strategic Cooperation Details - The cooperation will focus on areas such as fund management, platform construction, and comprehensive financial services for employees [1] - Both parties aim to leverage their respective resource advantages to create a new model of cooperation that injects financial momentum into the local economic and social development of Jilin [1][2] Group 2: Implementation and Goals - China Merchants Bank Changchun Branch will utilize its financial technology advantages and the collaborative resources of China Merchants Group to create customized solutions for the Jilin Provincial Federation of Trade Unions [1] - The cooperation will cover multiple dimensions, including fund management, digital platform construction, and comprehensive financial services for employees, aiming to build a wide-reaching, efficient, and precise financial service system for trade unions [1][2] Group 3: Background and Experience - As a pioneer in providing financial services to trade unions in China, China Merchants Bank has served 18,000 trade union clients nationwide, establishing a mature service system and rich practical experience [2] - This strategic cooperation represents a key breakthrough for China Merchants Bank Changchun Branch in deepening its engagement with provincial institutional clients [2]