Core Viewpoint - Minsheng Bank, established in 1996 and listed in 2000, is China's first nationwide joint-stock commercial bank primarily initiated by private enterprises, holding a significant position in the financial sector [1] Financial Performance - As of Q3 2025, Minsheng Bank reported operating revenue of 108.51 billion yuan, ranking 5th among 9 companies in the industry, with the top competitor, China Merchants Bank, at 251.42 billion yuan [2] - The bank's net profit for the same period was 28.54 billion yuan, placing it 7th in the industry, with the leading bank, China Merchants Bank, achieving 114.54 billion yuan [2] Financial Ratios - The asset-liability ratio for Minsheng Bank in Q3 2025 was 91.10%, slightly lower than the previous year's 91.60%, but higher than the industry average of 91.55%, indicating stable debt repayment capability [3] - The gross profit margin was reported at 27.75%, down from 31.53% year-on-year, and below the industry average of 43.53%, suggesting a need for improvement in profitability [3] Executive Compensation - The chairman of Minsheng Bank, Gao Yingxin, received a salary of 3.35 million yuan in 2024, a decrease of 2.53 million yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 13.07% to 319,400, while the average number of circulating A-shares held per shareholder decreased by 11.56% to 111,000 [5] - In the first half of 2025, Minsheng Bank achieved operating revenue of 72.38 billion yuan, a year-on-year increase of 7.83%, while net profit decreased by 4.87% to 21.38 billion yuan [5] Business Highlights - Key business highlights include significant growth in non-interest income, stable net interest income, and an accelerated focus on retail mortgage loans [5] - The bank's asset quality remains stable, with effective risk mitigation in the real estate sector and enhanced risk compensation capabilities [5] Future Projections - Forecasts for 2025-2027 indicate expected revenues of 140.18 billion, 142.39 billion, and 144.28 billion yuan, with net profits projected at 32.44 billion, 33.29 billion, and 34.26 billion yuan respectively [5]

Core Insights - Minsheng Bank reported a total operating income of 108.51 billion yuan for the first three quarters of 2025, an increase of 6.74% year-on-year, while net profit attributable to shareholders decreased by 6.38% to 28.54 billion yuan [1][2] Group 1: Financial Performance - The bank's net interest income reached 75.51 billion yuan, growing by 2.40% year-on-year, with an average daily earning assets of 7.11 trillion yuan, reflecting a 0.73% increase [1] - Non-interest income totaled 32.99 billion yuan, marking an 18.20% increase year-on-year, driven by a significant rise in other non-interest income, which grew by 36.55% [1] - The net interest margin improved by 2 basis points to 1.42% [1] Group 2: Asset and Liability Management - As of the end of Q3, total assets amounted to 78.73 trillion yuan, up 0.74% from the end of the previous year, while total liabilities increased by 0.19% to 71.72 trillion yuan [2] - The total amount of loans and advances decreased by 0.31% to 44.37 trillion yuan [2] - The bank's deposit balance rose by 0.15% to 42.56 trillion yuan [2] Group 3: Asset Quality - The total non-performing loans reached 65.86 billion yuan, with a non-performing loan ratio of 1.48%, slightly up by 0.01 percentage points from the end of the previous year [2] - The provision coverage ratio improved to 143.00%, an increase of 1.06 percentage points [2]

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 中國民生銀行股份有限公司 CHINA MINSHENG BANKING CORP., LTD. （在中華人民共和國註冊成立的股份有限公司） （股份代號：01988） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條由中國民生銀行 股份有限公司（「本行」）作出。 茲載列本行在上海證券交易所網站及中國報章刊登之《中國民生銀行股份有限公 司第九屆董事會第十六次會議決議公告》，僅供參閱。 承董事會命 中國民生銀行股份有限公司 董事長 高迎欣 中國，北京 2025年10月30日 於本公告日期，本行執行董事為高迎欣先生、王曉永先生及張俊潼先生；非執行 董事為劉永好先生、史玉柱先生、宋春風先生、趙鵬先生、梁鑫傑先生及林立先 生；獨立非執行董事為曲新久先生、溫秋菊女士、宋煥政先生、楊志威先生、程 鳳朝先生及劉寒星先生。 证券简称：民生银行 A 股代码：600016 优先股简称：民生优 1 优 ...

Core Insights - Minsheng Bank reported a total operating income of 108.51 billion yuan for the first three quarters of 2025, an increase of 6.74% year-on-year, while net profit attributable to shareholders decreased by 6.38% to 28.54 billion yuan [1] Financial Performance - Operating income increased by 6.74% year-on-year, with a total of 108.51 billion yuan [1] - Net profit attributable to shareholders decreased by 6.38% to 28.54 billion yuan [1] - Net interest income reached 75.51 billion yuan, up 2.40% year-on-year [1] - Average interest-earning assets increased by 51.64 billion yuan to 7,108.20 billion yuan, a growth of 0.73% [1] - Net interest margin improved by 2 basis points to 1.42% [1] - Non-interest income totaled 32.99 billion yuan, reflecting an 18.20% increase year-on-year [1] - Fee and commission income was 14.39 billion yuan, a slight increase of 0.70% [1] - Other non-interest income surged by 36.55% to 49.82 billion yuan, driven by increased trading in bonds and capital market fluctuations [1] Asset Quality - Total non-performing loans amounted to 65.86 billion yuan, an increase of 0.25% from the end of the previous year [2] - Non-performing loan ratio stood at 1.48%, up 0.01 percentage points from the end of the previous year [2] - Provision coverage ratio improved to 143.00%, an increase of 1.06 percentage points from the end of the previous year [2]

Core Insights - Minsheng Bank (01988) reported a revenue of 108.509 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 6.74% [1] - The net profit attributable to shareholders was 28.542 billion yuan, showing a year-on-year decrease of 6.38% [1] - Basic earnings per share stood at 0.59 yuan [1] Financial Performance - Total assets reached 787.2864 billion yuan, an increase of 57.895 billion yuan from the end of the previous year, reflecting a growth rate of 0.74% [1] - Total loans and advances amounted to 443.6759 billion yuan, a decrease of 13.721 billion yuan, with a decline rate of 0.31%, accounting for 56.36% of total assets, down 0.59 percentage points from the previous year [1] - General loans showed steady growth, increasing by 89.8 billion yuan, and accounted for 54.89% of total assets, up 0.74 percentage points from the previous year [1] Liability Management - Total liabilities were 717.2316 billion yuan, an increase of 13.915 billion yuan, with a growth rate of 0.19% [1] - The balance of deposits reached 425.5602 billion yuan, increasing by 6.507 billion yuan, with a growth rate of 0.15%, accounting for 59.33% of total liabilities, down 0.03 percentage points from the previous year [1] - Personal deposits showed a positive growth trend, making up 32.56% of total deposits, an increase of 2.00 percentage points from the previous year [1] - The bank benefited from enhanced settlement scenario construction and improved cash flow management, leading to an increase in low-cost settlement deposits both in scale and proportion [1]

Core Insights - Minsheng Bank reported a revenue of 36.125 billion yuan for Q3 2025, representing a year-on-year growth of 4.61% [2] - The net profit attributable to shareholders decreased by 10.61% to 7.162 billion yuan, with basic earnings per share at 0.14 yuan [2] - For the first three quarters, the bank achieved a total revenue of 108.509 billion yuan, up 6.74% year-on-year, while net profit attributable to shareholders fell by 6.38% to 28.542 billion yuan, with basic earnings per share at 0.59 yuan [2]

Core Viewpoint - Minsheng Bank reported a revenue increase of 4.61% year-on-year for Q3 2025, but net profit decreased by 10.61, indicating potential challenges in profitability despite revenue growth [1] Financial Performance - Q3 2025 revenue was approximately RMB 36.125 billion, up from the previous year [1] - Q3 2025 net profit was around RMB 7.162 billion, down 10.61% year-on-year [1] - Basic earnings per share for Q3 2025 were RMB 0.14 [1] - For the first three quarters of 2025, revenue reached approximately RMB 108.51 billion, reflecting a year-on-year increase of 6.74% [1] - Net profit for the first three quarters was about RMB 28.542 billion, a decrease of 6.38% compared to the same period last year [1]

Core Viewpoint - Minsheng Bank reported a revenue of approximately RMB 36.125 billion for Q3 2025, representing a year-on-year increase of 4.61%, while net profit decreased by 10.61% to around RMB 7.162 billion [1] Financial Performance - For the first three quarters, the bank's revenue was approximately RMB 108.51 billion, showing a year-on-year increase of 6.74% [1] - The net profit for the same period was approximately RMB 28.542 billion, reflecting a year-on-year decrease of 6.38% [1] - Basic earnings per share were reported at RMB 0.14 [1]

Financial Performance - Net profit attributable to shareholders for the third quarter of 2025 was RMB 7,162 million, down 10.61% year-on-year[10] - The net profit attributable to the shareholders of the bank was CNY 28.542 billion, a decrease of CNY 1.944 billion, with a decline rate of 6.38%[24] - Net profit for the group for the nine months ended September 30, 2025, was RMB 28,539 million, compared to RMB 30,716 million for the same period in 2024, reflecting a decrease of approximately 7.1%[49] - The total comprehensive income for the group for the first nine months of 2025 was RMB 25,553 million, a decrease of 20.5% compared to RMB 32,296 million in the same period of 2024[51] - The basic earnings per share for the third quarter was RMB 0.14, a decrease of 12.50% year-on-year[10] - The group’s earnings per share for the first nine months of 2025 was RMB 0.59, compared to RMB 0.60 in the same period of 2024[51] Asset and Liability Management - Total assets as of September 30, 2025, reached RMB 7,872,864 million, an increase of 0.74% compared to the end of 2024[9] - The bank's total liabilities as of September 30, 2025, were RMB 7,172,316 million, an increase of 0.19% from the previous year[9] - The group's total liabilities amounted to RMB 7,172,316 million as of September 30, 2025, slightly up from RMB 7,158,401 million at the end of 2024[45] - The total equity attributable to shareholders of the bank increased to RMB 686,922 million as of September 30, 2025, compared to RMB 642,859 million at the end of 2024, reflecting a growth of 6.9%[47] Income and Revenue - Operating income for the third quarter was RMB 36,125 million, reflecting a growth of 4.61% year-on-year[10] - The group achieved operating income of CNY 108.509 billion, a year-on-year increase of CNY 6.849 billion, reflecting a growth rate of 6.74%[24] - The net interest income for the first three quarters of 2025 was RMB 75,510 million, an increase of 2.40% compared to the same period last year[10] - The net interest income for the group was CNY 75.510 billion, an increase of CNY 1.767 billion, representing a growth of 2.40%[24] - Non-interest income reached CNY 32.999 billion, a year-on-year increase of CNY 5.082 billion, with a growth rate of 18.20%[24] Loan and Deposit Information - Total loans and advances amounted to RMB 4,436,759 million, a slight decrease of 0.31% from the previous year[9] - Total deposits reached RMB 4,255,602 million, a marginal increase of 0.15% from the end of 2024[9] - The bank's total deposits stood at RMB 4,325,593 million as of September 30, 2025, slightly down from RMB 4,332,681 million at the end of 2024[45] - The balance of inclusive small and micro enterprise loans was CNY 663.014 billion, serving 455,500 clients, with an average interest rate of 3.59% and a non-performing loan rate of 1.58%[28] Non-Performing Loans and Risk Management - The non-performing loan ratio stood at 1.48%, a slight increase of 0.01 percentage points compared to the end of 2024[9] - The total amount of non-performing loans was RMB 65.857 billion, an increase of RMB 0.0247 billion from the end of the previous year, with a non-performing loan ratio of 1.48%, up 0.01 percentage points[36] - The provision coverage ratio improved to 143.00%, up 1.06 percentage points from the previous year[9] - The bank's provision coverage ratio was 143.00%, an increase of 1.06 percentage points from the end of the previous year[36] Cash Flow and Investment Activities - The net cash flow from operating activities for the first three quarters of 2025 was 46,055 million RMB, a substantial recovery from -194,600 million RMB in the same period of 2024[15] - The net cash flow from investment activities was RMB 71,200 million, compared to RMB 4,335 million in the same period of 2024, indicating a strong recovery in investment returns[55] - The group reported a net increase in cash and cash equivalents of RMB 50,891 million, contrasting with a decrease of RMB 54,194 million in the same period of 2024[57] Shareholder Information - The total number of ordinary shareholders reached 336,103, with 319,388 holding A-shares and 16,715 holding H-shares as of the end of the reporting period[16] - The largest shareholder, Hong Kong Central Clearing Limited, holds 8,288,521,394 H-shares, representing 18.93% of total shares[17] - The second-largest shareholder, China Life Insurance Company, holds 4,508,984,567 A-shares, accounting for 10.30% of total shares[17] Strategic Initiatives and Focus Areas - The company has established 12 specialized financial branches for technology innovation, focusing on six core areas including new information technology and high-end equipment manufacturing[25] - The company aims to enhance its digital service capabilities through the continuous iteration of the "Technology Finance Firefly Platform" for better customer experience[25] - The company is committed to supporting the green economy by promoting innovative products linked to carbon reduction and biodiversity protection[26] - The company has integrated various financial services for small and micro enterprises, achieving a comprehensive service model across the supply chain[28] - The company has increased its focus on the elderly financial services sector, enhancing customer experience through various channels and community engagement[29]

人民财讯10月30日电，民生银行（600016）10月30日披露2025年三季报，今年前三季度该行实现营业收 入1085.09亿元，同比增长6.74%；实现归属于该行股东的净利润285.42亿元，同比下降6.38%，其中利 息净收入、非利息净收入均实现同比增长。截至9月末，该行资产总额78728.64亿元，不良贷款率为 1.48%，比上年末上升0.01个百分点。 ...