Core Viewpoint - Huaxia Bank's management expresses confidence in the bank's future development despite a decline in revenue and net profit for the first three quarters of 2025, as evidenced by significant share purchases by executives [1][2]. Financial Performance - For the first three quarters of 2025, Huaxia Bank reported operating income of 64.881 billion yuan, a year-on-year decrease of 8.79%, and a net profit attributable to shareholders of 17.982 billion yuan, down 2.86% [1]. - The bank's total assets reached 4,586.358 billion yuan by the end of September, an increase of 209.867 billion yuan since the beginning of the year [1]. Market Value Management - Huaxia Bank's current price-to-book ratio stands at 0.36, below the industry average. The management emphasizes that market value management is a long-term and systematic effort [2]. - The bank has implemented a value enhancement plan aimed at improving operational efficiency, profitability, and investor relations, alongside maintaining stable cash dividends and encouraging share purchases by major shareholders [2]. Dividend Policy - In the first half of 2025, Huaxia Bank executed a cash dividend plan with a total payout exceeding that of 2023. The proposed mid-2025 dividend is 1.00 yuan per share, totaling 1.591 billion yuan [4]. Asset Quality and Risk Management - As of the end of Q3 2025, Huaxia Bank's non-performing loan (NPL) ratio was 1.58%, a slight decrease of 0.02 percentage points from the beginning of the year. The bank aims to enhance asset quality management and reduce NPLs through various measures [5][6]. - The bank's provision coverage ratio was 149.33%, down 12.56 percentage points from the start of the year, indicating a need for continued focus on risk management [6]. Revenue Decline Factors - The bank's revenue decline in Q3 2025 was primarily attributed to fluctuations in the bond market, which negatively impacted fair value changes. The bank reported a fair value change loss of 4.505 billion yuan, a decrease of 7.831 billion yuan year-on-year [7]. - Despite the revenue drop, cost control measures and a release of provisions supported net profit growth in Q3 2025 [7].

Core Insights - Huaxia Bank released its Q3 financial report, showing a decline in operating income but an increase in net profit year-on-year [1] - The bank's total assets and deposits increased, while the non-performing loan ratio improved slightly [1][2] Financial Performance - Q3 operating income was 19.359 billion yuan, a year-on-year decrease of 15.02% - Net profit attributable to shareholders was 6.512 billion yuan, a year-on-year increase of 7.62% - For the first three quarters, operating income totaled 64.881 billion yuan, down 8.79%, while net profit was 17.982 billion yuan, down 2.86% [1] Revenue Breakdown - Fee and commission income, as well as investment income, increased compared to the same period last year - Net interest income and fair value changes decreased, with fair value changes significantly impacting performance, reversing from 3.326 billion yuan last year to -4.505 billion yuan this year [1] Asset and Liability Overview - Total assets at the end of the reporting period were 4.59 trillion yuan, up 4.80% from the end of the previous year - Total loans reached 2.44 trillion yuan, an increase of 2.93% - Total liabilities were 4.21 trillion yuan, up 5.06%, and total deposits were 2.34 trillion yuan, up 8.72% [1] Asset Quality - The non-performing loan ratio was 1.58%, a decrease of 0.02 percentage points from the end of the previous year - Provision coverage ratio stood at 149.33%, down 12.56 percentage points, and loan provision ratio was 2.36%, down 0.23 percentage points [1] Market Performance - Huaxia Bank's stock price fell nearly 17% in Q3, while the Shanghai Composite Index and CSI 300 rose nearly 13% during the same period [2] Management Changes - The bank announced several executive changes, including the resignation of the Chief Risk Officer and the appointment of a new Chief Financial Officer - The new Chief Risk Officer's appointment is pending approval from the national financial regulatory authority [2]

Core Viewpoint - The first quarterly report of listed banks for 2025 reveals that Huaxia Bank's revenue and net profit have both declined in the first three quarters, prompting significant management changes to enhance operational efficiency and risk management [2][3][9]. Financial Performance - In the first three quarters, Huaxia Bank's revenue decreased by 8.79% to 64.881 billion yuan, while net profit attributable to shareholders fell by 2.86% to 17.982 billion yuan [3]. - Compared to the first half of the year, the decline in net profit has narrowed by 5.09 percentage points, with a 7.95% drop in the first half [3]. - In Q3 alone, revenue dropped by 15.02% to 19.359 billion yuan, but net profit increased by 7.62% to 6.512 billion yuan [3]. - The bank's net interest income fell by 1.62% to 46.294 billion yuan, while fee and commission income rose by 8.33% to 4.694 billion yuan [3]. Asset Quality - As of the end of September, Huaxia Bank's total assets reached 4,376.491 billion yuan, a 4.80% increase from the end of the previous year [5]. - The non-performing loan (NPL) ratio decreased to 1.58%, down 0.02 percentage points from the end of the previous year [5]. - The bank's provision coverage ratio stands at 149.33%, a decrease of 12.56 percentage points from the end of the previous year [5]. Management Changes - Huaxia Bank appointed three new executives: Liu Xiaoli as Chief Operating Officer, Fang Yi as Chief Risk Officer, and Liu Yue as Chief Financial Officer [8][9]. - The establishment of the Chief Operating Officer position indicates a focus on enhancing operational management and efficiency [9]. - The management changes reflect the bank's commitment to addressing performance pressures and upgrading governance [9]. Strategic Focus - The bank's quarterly operational analysis meeting emphasized the need for strengthening party leadership, achieving annual goals, and enhancing risk management [4]. - The management has initiated a series of measures to improve asset quality and risk control, indicating a proactive approach to financial stability [6][7].

Core Insights - 华夏银行 reported a total operating revenue of 19.359 billion yuan for Q3 2025, with a net profit attributable to shareholders of 6.512 billion yuan, reflecting an increase of 0.461 billion yuan or 7.62% year-on-year [1] - The net cash inflow from operating activities reached 88.871 billion yuan, showing a significant increase of 96.322 billion yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio stands at 91.88%, remaining stable compared to the previous quarter [3] - The return on equity (ROE) is reported at 4.88% [3] - The diluted earnings per share (EPS) is 1.04 yuan [3] - The total asset turnover ratio is 0.01 times [3] Shareholder Information - The number of shareholders is approximately 94,700, with the top ten shareholders holding a total of 12.575 billion shares, accounting for 79.01% of the total share capital [3] - The major shareholders include: - Shougang Group Co., Ltd. with 21.6% - State Grid Yingda International Holdings Group Co., Ltd. with 19.3% - China People's Property Insurance Co., Ltd. with 16.1% - Beijing Infrastructure Investment Co., Ltd. with 10.8% - Yunnan Hehe (Group) Co., Ltd. with 3.52% [3]

Core Points - The company has released its unaudited third-quarter financial report for 2025, ensuring the accuracy and completeness of the information provided [2][3][41] - The board of directors has approved the appointment of new senior management personnel, including a new Chief Risk Officer and Chief Financial Officer [21][25][29] Financial Data Summary - As of the end of September 2025, the total assets of the group reached RMB 45,863.58 billion, an increase of RMB 2,098.67 billion or 4.80% compared to the end of the previous year [9] - The total loans amounted to RMB 24,355.94 billion, up by RMB 692.77 billion or 2.93% year-on-year [9] - The total liabilities were RMB 42,137.51 billion, increasing by RMB 2,029.44 billion or 5.06% [9] - The total deposits reached RMB 23,389.60 billion, reflecting an increase of RMB 1,875.90 billion or 8.72% [9] - The total profit for the period was RMB 243.22 billion, a decrease of RMB 7.23 billion or 2.89% year-on-year [9] - The net profit attributable to shareholders was RMB 179.82 billion, down by RMB 5.29 billion or 2.86% [9] - The cost-to-income ratio was 29.95%, a decrease of 0.21 percentage points year-on-year [9] Asset Quality and Capital Adequacy - The non-performing loan ratio stood at 1.58%, a decrease of 0.02 percentage points from the end of the previous year [9] - The provision coverage ratio was 149.33%, down by 12.56 percentage points [9] - The loan provision ratio was 2.36%, a decrease of 0.23 percentage points [9] - The core Tier 1 capital adequacy ratio was 9.33%, Tier 1 capital adequacy ratio was 11.14%, and total capital adequacy ratio was 12.63%, all meeting regulatory requirements [11][12] Management Changes - Liu Xiaoli has resigned as Chief Risk Officer due to work changes, effective October 22, 2025 [18][19] - Liu Xiaoli has been appointed as Chief Operating Officer, with her term starting from the board's approval [22][23] - Fang Yi has been appointed as the new Chief Risk Officer, pending regulatory approval [25][26] - Liu Yue has been appointed as Chief Financial Officer, also pending regulatory approval [28][29] Other Important Information - The company issued RMB 200 billion in green financial bonds in July 2025, with a maturity of three years and an interest rate of 1.66% [16] - The board has approved changes to the amortization period for software assets, extending it from three years to five years [35][52]

Group 1: 华夏银行 Financial Performance - In Q3 2025, 华夏银行 reported operating revenue of 19.36 billion yuan, a year-on-year decrease of 15.02% [1][2] - The net profit attributable to shareholders was 6.51 billion yuan, an increase of 7.62% year-on-year [1][2] - For the first three quarters, the bank's operating revenue was 64.88 billion yuan, down 8.79% year-on-year, while net profit decreased by 2.86% to 17.98 billion yuan [1][2] Group 2: 华夏银行 Key Financial Ratios - Basic earnings per share remained stable at 0.38 yuan for Q3 and 1.04 yuan for the first three quarters [2] - The weighted average return on equity was 1.98% in Q3, down 0.12 percentage points year-on-year [3] - The total assets at the end of the reporting period were 4.586 trillion yuan, an increase of 4.80% from the end of the previous year [2] Group 3: 不良贷款和拨备情况 - The non-performing loan ratio was 1.58%, a decrease of 0.02 percentage points from the end of the previous year [3] - The provision coverage ratio was 149.33%, down 12.56 percentage points year-on-year [3] - The loan provision ratio was 2.36%, a decrease of 0.23 percentage points from the end of the previous year [3] Group 4: 华工科技 Financial Performance - 华工科技 reported Q3 2025 operating revenue of 3.41 billion yuan, a decrease of 10.33% year-on-year, while net profit increased by 31.15% to 410 million yuan [4][5] - For the first three quarters, the company achieved operating revenue of 11.04 billion yuan, a year-on-year increase of 22.62%, and net profit of 1.32 billion yuan, up 40.92% [4][5] Group 5: 汇川技术 Financial Performance - 汇川技术 reported operating revenue of 316.63 billion yuan for the first three quarters, a year-on-year increase of 24.67%, with net profit rising by 26.84% to 42.54 billion yuan [6][7] - In Q3, the company achieved operating revenue of 111.53 billion yuan, up 21.05% year-on-year, and net profit of 12.86 billion yuan, an increase of 4.04% [6][7] Group 6: 宝丰能源 Financial Performance - 宝丰能源 reported operating revenue of 355.45 billion yuan for the first three quarters, a year-on-year increase of 46.43%, with net profit rising by 97.27% to 89.5 billion yuan [8][9] - In Q3, the company achieved operating revenue of 127.25 billion yuan, up 72.49% year-on-year, and net profit of 32.32 billion yuan, an increase of 162.34% [8][9] Group 7: 生益科技 Performance Forecast - 生益科技 expects net profit for the first three quarters of 2025 to be between 2.42 billion and 2.46 billion yuan, representing a year-on-year increase of 76% to 79% [10] - The increase is attributed to higher sales of copper-clad laminates and improved product structure [10] Group 8: 巨化股份 Financial Performance - 巨化股份 reported Q3 2025 operating revenue of 70.62 billion yuan, a year-on-year increase of 21.22%, with net profit rising by 186.55% to 11.97 billion yuan [11] - For the first three quarters, the company achieved operating revenue of 203.94 billion yuan, up 13.89%, and net profit of 32.48 billion yuan, an increase of 160.22% [11] Group 9: 电投能源 Financial Performance - 电投能源 reported Q3 operating revenue of 79.39 billion yuan, a year-on-year increase of 3.34%, while net profit decreased by 8.52% to 13.31 billion yuan [21][22] - For the first three quarters, the company achieved operating revenue of 224.03 billion yuan, up 2.72%, and net profit decreased by 6.40% to 41.18 billion yuan [21][22]

华夏银行三季度营收降幅超15% 今年7月至9月，华夏银行营业收入同比降幅明显，单季营收193.59亿元，较上年同比减少15.02%，受此拖累， 今年前三季度该行营收同比下降8.79%。 不过，该行净利润却在营收减少的情况下实现净利润增长。其中该行第三季度归属于上市公司股东的净利润为 65.12亿元，较上年同期增长4.61亿元，增幅7.62%。拉长时间来看，今年前三季度该行净利润仍同比减少5.29 亿元，降幅2.86%。 拆解华夏银行各项财务数据，今年该行前三季度营收较上年变化较大的指标因素主要来源于"公允价值变动收 益"，今年前三季度该项数据为-45.05亿元，较上年的33.26亿元下降78.31亿元。另外，收入构成方面，该行利 息净收入为462.94亿元，同比减少7.64亿元，降幅1.62%；手续费及佣金净收入为46.94亿元，同比增长8.33%。 资产负债端来看，截至9月末，华夏银行贷款余额为24355.94亿元，比上年末增加692.77亿元，增长2.93%；存 款总额23389.60 亿元，比上年末增加1875.90亿元，增长8.72%。 资产总额方面，该行9月末总规模达4.59万亿元，尽管资产于年内扩 ...

Major Events - Former Chairman of Beiyin Wealth Management, Fang Yi, has joined Huaxia Bank as Chief Risk Officer, pending regulatory approval [4] - Xilai Materials' subsidiary plans to invest 2 billion yuan in a semiconductor core component project, expected to generate over 1.5 billion yuan in annual output after reaching production [5][6] - Huatai Securities' subsidiary Huatai Futures has appointed Zhao Changtao as the new chairman [7] - Chuanfa Longmang's subsidiary plans to invest 366 million yuan in a 100,000 tons/year lithium dihydrogen phosphate project [8] - Huagong Technology is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange [9] - Jiangsu Leili's actual controller has changed from Su Jianguo to both Su Jianguo and Su Da due to internal share transfers [10] - Electric Power Investment Energy has been unable to contact independent director Han Fang, but this does not affect the board's operation [11] - Qiaqia Food's subsidiary is establishing an investment company focused on the leisure food industry with a total investment of 4 billion yuan [12][13] - Steel Research High-tech plans to set up a wholly-owned subsidiary in Saudi Arabia with an investment of up to 138 million yuan [14] - Yangjie Technology has terminated the acquisition of 100% equity in Better Electronics due to differences in business types and management [15] Performance Reports - Youfa Group reported a 2320.53% increase in net profit for Q3, despite a 3.97% decline in revenue [16] - Zhuoyi Information's net profit increased by 2074.65% in Q3, with revenue growth of 2.52% [17] - North Navigation's Q3 net profit surged by 1681.27%, with a 52.12% increase in revenue [18] - Tianneng Heavy Industry's net profit grew by 1359.03% in Q3, driven by increased sales of tower tubes [19] - Te Yi Pharmaceutical's net profit rose by 985.18% in Q3, with significant growth in traditional Chinese medicine sales [20] - Hualgreen Bio's Q3 net profit increased by 619.37%, with a 35.24% rise in revenue [21] - Zhenlei Technology's net profit grew by 598.09% in Q3, supported by strong revenue growth [22] - Shengyi Electronics expects a net profit increase of 476% to 519% for the first three quarters of 2025 [23] - Glodon reported a 244.89% increase in Q3 net profit, despite a slight decline in revenue [24] - Yingli Co., Ltd. saw a 229.14% increase in Q3 net profit, with a 14.73% rise in revenue [25] - Guangkang Biochemical's Q3 net profit increased by 236.87%, despite a decline in revenue [26] - High-speed Electric's Q3 net profit rose by 242.35%, with a 44.51% increase in revenue [27] - Wide Special Materials reported a 213.65% increase in net profit for Q3, driven by improved gross margins [28] - Baofeng Energy's Q3 net profit increased by 162.34%, attributed to increased production capacity [29] - Sanfu Co., Ltd. reported a 162.25% increase in Q3 net profit, driven by improved profitability of potassium and silane products [30] - Wuku New Energy's Q3 net profit increased by 106.31%, despite a loss in the first three quarters [32] - Pioneering Technology's Q3 net profit grew by 94.01%, supported by a recovery in the household energy storage market [33] - Sanlife Guojian's net profit increased by 71.15% in Q3, driven by project collaboration and CDMO business growth [34] - BGI Genomics reported a loss of 120 million yuan in the first three quarters, despite revenue growth [35] - Rejing Bio reported a net loss of 10.9 million yuan in the first three quarters, impacted by industry policies [36] - Jiangshan Oupai reported a net loss of 51.58 million yuan in Q3, attributed to market downturns and increased competition [38] - Taiping Bird reported a net loss of 49.45 million yuan in Q3, due to declining revenue and increased inventory losses [39] - Zhongke Tongda reported a loss of 6.87 million yuan in the first three quarters, affected by project delays and market competition [40] - Wolong New Energy reported a loss of 579.7 thousand yuan in Q3, transitioning from profit to loss [41] Major Contracts - Jinggong Steel Structure signed a significant overseas project contract worth approximately 1.23 billion yuan [42][43] - New Beiyang's subsidiary won a 105 million yuan postal equipment outsourcing project [44] - Maipu Medical plans to sign product sales agency agreements with related parties, with estimated procurement amounts of 21.5 million yuan and 3.5 million yuan [45] Shareholding Changes - Yunlu Co., Ltd. shareholder Guo Keyun plans to reduce his stake by up to 3% [46] Financing - Xinda Securities has received approval from the CSRC to issue up to 10 billion yuan in technology innovation corporate bonds [47]

智通财经APP讯，华夏银行(600015.SH)披露2025年第三季度报告，公司前三季度实现营收648.81亿元， 同比下降8.79%;归属于上市公司股东的净利润179.82亿元，同比下降2.86%;扣非净利润178.22亿元，同 比下降3.65%;基本每股收益1.04元。 ...

华夏银行 视觉中国 资料图 华夏银行前三季度营收、净利双降，第三季度净利增逾7%。 10月23日，华夏银行披露的2025年第三季度报告显示，2025年前三季度，华夏银行实现营业收入648.81亿元，同比下降8.79%；实现归母净利润 179.82亿元，同比下降2.86%。 具体到第三季度而言，报告披露，2025年第三季度，华夏银行实现营业收入193.59亿元，同比下降15.02%；实现归母净利润65.12亿元，同比增长 7.62%。 华夏银行1992年10月在北京成立，1996年4月完成股份制改造，2003年9月首次公开发行股票并上市交易，是全国第五家上市银行。 责任编辑：李琳琳 资产负债方面，截至2025年9月末，华夏银行资产总额45863.58亿元，较上年末增长4.8%，其中贷款总额24355.94亿元，较上年末增长2.93%；负债 总额42137.51亿元，较上年末增长5.06%，其中存款总额23389.6亿元，较上年末增长8.72%。 资产质量方面，截至2025年9月末，华夏银行不良贷款"一升一降"，不良贷款余额384.56亿元，较上年末上升5.42亿元，不良贷款率1.58%，较上年 末下降0.02个 ...