2025 資本管理第三支柱 信息披露報告 年 目錄 | 引言 | 2 | | --- | --- | | 風險管理、關鍵審慎監管指標和風險加權資產概覽 | 3 | | 資本和總損失吸收能力的構成 | 10 | | 財務報表與監管風險暴露間的聯繫 | 19 | | 薪酬 | 20 | | 信用風險 | 22 | | 交易對手信用風險 | 29 | | 資產證券化 | 30 | | 市場風險 | 31 | | 操作風險 | 33 | | 銀行賬簿利率風險 | 36 | | 宏觀審慎監管措施 | 38 | | 槓桿率 | 39 | | 流動性風險 | 42 | 引言 編製依據 本報告根據國家金融監督管理總局令2023年第4號《商業銀行資本管理辦法》編製並披露。 資本監管指標計算範圍 本集團併表資本監管指標計算範圍包括中國工商銀行股份有限公司（以下簡稱「本行」）以及 符合《商業銀行資本管理辦法》規定的本行直接或間接投資的金融機構。 資本計量方法 本行按照監管機構批准的資本計量高級方法實施範圍，符合監管要求的公司信用風險暴露採 用初級內部評級法、零售信用風險暴露採用高級內部評級法，內部評級法未覆蓋的信用風險採用 權重法 ...

中國工商銀行股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 股份代號：1398 董事會成員名單與其角色及職能 中國工商銀行股份有限公司董事會（「董事會」）成員載列如下： 執行董事 廖林先生 （董事長） 劉珺先生 （副董事長、行長） 段紅濤先生 王景武先生 （副行長） 非執行董事 曹利群女士 董陽先生 鐘蔓桃女士 獨立非執行董事 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 1 董事會已成立八個委員會。下表提供各董事會成員所屬委員會的成員資料。 | | | 社會責任 與消費者 | | | | | 關聯交易 | 美國區域 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 董事╱ | 戰略 | 權益保護 | 審計 | 風險管理 | 提名 | 薪酬 | 控制 | 機構風險 | | 董事會委員會 | 委員會 | 委員會 | 委員會 | 委員會 | 委員會 | 委員會 | 委員會 | 委員會 | | 廖林 | C | | | | | | | | | 劉珺 | M | C | | | M | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 中國工商銀行股份有限公司（「本行」）董事會於2026年3月12日以書面形式發出會議通 知，於2026年3月27日在北京市西城區復興門內大街55號本行總行召開會議。會議應出 席董事13名，親自出席12名，委託出席1名，劉珺副董事長因其他公務安排，書面委託 廖林董事長出席會議並代為行使表決權。高級管理層成員列席會議。會議的召開符合法 律法規、《中國工商銀行股份有限公司章程》（「《公司章程》」）以及《中國工商銀行股份有 限公司董事會議事規則》（「《董事會議事規則》」）的規定。 會議由廖林董事長主持召開。出席會議的董事審議通過了以下議案： 一、關於調整董事會部分專門委員會委員的議案 中國工商銀行股份有限公司 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） 股份代號：1398 董事會決議公告 根據《中華人民共和國公司法》（ ...

Financial Performance - The company reported operating revenue of 801.395 billion yuan for the year 2025, representing a year-on-year increase of 1.94% [2] - The net profit attributable to shareholders was 368.562 billion yuan, showing a year-on-year growth of 0.74% [2] - The net cash flow from operating activities reached 1,890.53 billion yuan, a significant increase of 226.41% year-on-year [2] - Basic earnings per share stood at 1.00 yuan [2] Valuation Metrics - As of the market close on March 27, the company's price-to-earnings (P/E) ratio (TTM) was approximately 5.87 times [2] - The price-to-book (P/B) ratio (TTM) was about 0.56 times [2] - The price-to-sales (P/S) ratio (TTM) was around 2.7 times [2] Asset Changes - As of the end of 2025, the company's repurchased financial assets decreased by 56.15%, with a 1.49 percentage point decline in total asset proportion [16] - Loans and advances increased by 7.6%, with a 1 percentage point decrease in total asset proportion [16] - Derivative financial assets decreased by 41.35%, with a 0.21 percentage point decline in total asset proportion [16] - Other assets increased by 27.49%, resulting in a 0.21 percentage point increase in total asset proportion [16] Liability Changes - The company's sold repurchased financial assets increased by 66.48%, with a 1.62 percentage point rise in total asset proportion [19] - Deposits and interbank deposits rose by 7.58%, with a 1.45 percentage point decrease in total asset proportion [19] - Derivative financial liabilities decreased by 32.21%, with a 0.15 percentage point decline in total asset proportion [19] - Trading financial liabilities increased by 97.48%, resulting in a 0.13 percentage point increase in total asset proportion [19]

Core Viewpoint - The core viewpoint of the article emphasizes the commitment of the Industrial and Commercial Bank of China (ICBC) to enhance its digital and intelligent development capabilities while ensuring customer privacy and information security through rigorous technology validation [1] Group 1: Digital Transformation - ICBC is focused on continuously enhancing its digital and intelligent development momentum [1] - The bank has established a series of centralized systems and is committed to ongoing iterative upgrades to support diverse business needs comprehensively [1] Group 2: Technology Validation - The bank utilizes relatively new technologies, which must undergo market validation and internal verification before being integrated into its systems [1] - Protecting customer privacy and information security is highlighted as the bank's most important responsibility [1] Group 3: Operational Integration - Advanced technologies are being integrated into operational processes, with system validation being a prerequisite for implementation [1]

3月27日，工商银行公布2025年年度业绩，全年实现营业收入8013.95亿元，增长1.9%；净利润3707.66 亿元，同比增长1.0%，营收、净利润实现双增。2025年，工商银行成为全球首家总资产突破50万亿元 的银行，年末总资产达53.48万亿元，同比增长9.5%。 工商银行在财报中指出，该行积极把握市场机遇，代理贵金属、基金、理财、证券等相关业务收入增加 拉动对公理财、个人理财及私人银行业务收入增长；资产托管加大业务拓展，托管规模增长较好；而受 市场环境变化等外部因素影响，银行卡、投资银行等业务收入有所减少。 资产质量方面，2025年末，该行不良率为1.31%，较年初下降0.03个百分点；拨备覆盖率为213.60%，较 年初下降1.31个百分点，风险抵御能力保持稳定。2025年年度，工商银行预计分红约1106亿元，再创历 史新高，其中已派发中期分红504亿元。 营收结束3连跌，利息净收入降幅缩窄 财务数据显示，2025年，工商银行实现营收8013.95亿元，同比增长1.9%；净利润3707.66亿元，同比增 长1.0%。其中，营收扭转了此前连续3年下滑趋势，增速回正；且净利润增速较上年的0.5%有所提 ...

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) emphasizes its strong capital base and plans to implement a dynamic capital planning strategy that responds to market demands [1] Capital Planning and Dividend Arrangement - ICBC's president Liu Jun stated that the bank has the largest capital base among global banks, and any changes in its capital will serve as a market indicator [1] - The bank aims to create a rolling, dynamic capital plan that integrates capital usage, fundraising, and both internal and external capital replenishment [1] - Liu highlighted that ICBC's price-to-book (PB) ratio and dividend yield are significantly higher than comparable investment and wealth management products, indicating strong investment value [1] Commitment to Market Responsiveness - ICBC is committed to increasing its wealth creation capacity and continuously reflecting its investment value while giving back to the market [1] - The bank will adjust its dividend arrangements and capital planning dynamically based on market conditions and demands [1] - Liu expressed that ICBC will act as a market leader, responding to calls for higher dividend rates to promote the sustainable and healthy development of the capital market [1]

3月27日金融一线消息，工商银行召开2025年度业绩发布会。对于股东回报问题，行长刘珺表示，2025 年工行A股和H股股价涨幅分别是14.6和20.7，在大型银行中表现较优，全年现金分红1105.93亿元人民 币，继续保持A股现金分红总额最高的上市公司。如果我们还原一下2024、2025两年整个工行的股票价 格的走势，可以看到在同业中间还是处在一个相对比较好的位置。 来源：金融一线 "我们如果能稳健的在每一个年度都能实现超过平均值以上的综合回报水平，那么工商银行一定就是资 本市场的稳定器。"刘珺总结道。 ...

Financial Data and Key Metrics Changes - ICBC's total assets exceeded RMB 53 trillion, with customer loans surpassing RMB 30 trillion, an increase of RMB 2.13 trillion year-over-year [3] - Operating income rose by 1.9% year-over-year to RMB 800 billion, while net profit reached RMB 370 billion, up by 1% year-over-year [4] - The non-performing loan (NPL) ratio stood at 1.31%, down 3 basis points year-over-year, with a provision coverage ratio of 213.6% [7] Business Line Data and Key Metrics Changes - Customer loans, bond investments, and deposits grew by 7.5%, 19.6%, and 7.1% year-over-year, respectively [5] - Corporate loans increased by 7.8% year-over-year, while personal business loans rose by 15% [5] - Green loans reached RMB 6.7 trillion, ranking first in the industry, and inclusive loans totaled RMB 3.6 trillion, with a growth rate of 22.8% [6] Market Data and Key Metrics Changes - Cross-border RMB settlements grew by 8% year-over-year to RMB 6.3 trillion, with RMB global payment services expanding to 44 countries and regions, a 23% year-over-year increase [8] - The international assets of ICBC reached RMB 491.6 billion, up by 12.4% year-over-year, outpacing the group average of 9.5% [33] Company Strategy and Development Direction - ICBC aims to deepen its five transformations, balancing progress with stability to deliver sustainable value for global shareholders [9] - The bank is focusing on enhancing its financial services, integrating technology-driven solutions, and expanding its international operations [15][17] - ICBC plans to support the modernization of the industrial system by refining its corporate credit allocation structure and enhancing financial support for key sectors [59] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving good results in 2026, emphasizing the importance of high-quality risk control and asset management [19] - The bank is committed to maintaining a strong capital position while dynamically optimizing its dividend policies to enhance shareholder returns [44][46] - Management highlighted the need to adapt to market changes and ensure stable asset quality across the group [27] Other Important Information - ICBC's cash dividends for 2025 totaled RMB 110.6 billion, with an interim dividend of RMB 50 billion and a proposed final dividend of RMB 60 billion [4] - The bank's digital initiatives, branded as Smart ICBC, focus on enhancing AI capabilities and integrating technology into financial services [36][39] Q&A Session Summary Question: Did ICBC achieve fundamental shifts in performance? What were the standout achievements for 2026? - Management noted that 2025 marked a successful culmination of the 14th Five-Year Plan, with improvements in resilience and profitability despite challenges [10] Question: Can you provide an overview of the overall situation with asset quality? - Management confirmed that the NPL ratio improved to 1.31%, with proactive risk management ensuring overall controllability [21] Question: What are the current pricing trends for corporate and retail loans? How do you project NIM trajectory in 2026? - Management projected that NIM will continue to decline but at a moderated pace, with early signs of stabilization in loan pricing [30] Question: Has ICBC upgraded its strategy in the fintech sector? What were the key achievements in AI application in 2025? - Management highlighted the launch of the AI Plus initiative and significant advancements in AI applications across various business scenarios [37][39] Question: What are ICBC's capital replenishment plans for 2026? Will dividend policies evolve? - Management emphasized the importance of capital management and indicated a commitment to maintaining a high dividend payout ratio while considering market demands [44][46]

Financial Data and Key Metrics Changes - ICBC's total assets exceeded RMB 53 trillion, with customer loans surpassing RMB 30 trillion, up RMB 2.13 trillion YoY [3] - Operating income rose 1.9% YoY to RMB 800 billion, with net profit reaching RMB 370 billion, up by 1% YoY [4] - The NPL ratio stood at 1.31%, down three basis points YoY, with a provision coverage ratio of 213.6% [7][4] Business Line Data and Key Metrics Changes - Customer loans, bond investments, and deposits grew by 7.5%, 19.6%, and 7.1% YoY respectively [5] - Corporate loans rose by 7.8% YoY, while personal business loans increased by 15% [5] - Green loans reached RMB 6.7 trillion, ranking number one in the industry, and inclusive loans totaled RMB 3.6 trillion, with a growth rate of 22.8% [6] Market Data and Key Metrics Changes - Cross-border RMB settlements grew 8% YoY to RMB 6.3 trillion, with RMB global payment services expanding to 44 countries and regions, up by 23% YoY [8] - The personal AUM exceeded RMB 25 trillion, with corporate clients reaching 14.75 million and retail clients hitting 780 million [9] Company Strategy and Development Direction - ICBC aims to deepen its five transformations, balancing progress with stability to deliver sustainable value for global shareholders [10] - The bank plans to enhance its financial services, focusing on technology-driven solutions and international operations [18][19] - ICBC is committed to integrating AI and digital technologies into its operations to improve efficiency and customer service [40][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining asset quality and profitability despite sector-wide pressures, with a focus on risk management [12][23] - The outlook for 2026 includes a commitment to building a world-class bank and enhancing financial services to support the real economy [16][21] Other Important Information - ICBC plans a total cash dividend of RMB 110.6 billion for 2025, with an interim dividend of RMB 50 billion and a final dividend of RMB 60 billion [4] - The bank's A-share and H-share dividend yields reached 4.22% and 5.99% respectively, demonstrating effective market value management [5] Q&A Session All Questions and Answers Question: Did ICBC achieve fundamental shifts in performance? What were the standout achievements for 2026? - Management highlighted the successful culmination of the 14th Five-Year Plan, with improved asset quality and profitability metrics [12][14] Question: What are the current pricing trends for corporate and retail loans? How do you project NIM trajectory in 2026? - The NIM is projected to continue declining but at a moderated pace, with early signs of stabilization in loan pricing [33][34] Question: Has ICBC upgraded its strategy in the fintech sector? What were the key achievements in AI application in 2025? - ICBC is advancing its digital transformation to AI ICBC, focusing on enhancing technological capabilities and implementing AI in various business scenarios [39][40] Question: What are ICBC's capital replenishment plans for 2026? How will dividend policies evolve? - ICBC emphasized its commitment to capital management and maintaining a high dividend payout ratio while balancing strategic growth [47][50] Question: What new achievements will ICBC make in supporting industry, commerce, and technological innovation? - ICBC plans to enhance its corporate credit allocation structure and support the modernization of the industrial system through targeted financial services [54][61]