Cai Jing Wang·2025-04-29 14:08Core Insights - The six major state-owned banks in China reported a total net profit of 344.42 billion yuan for Q1 2025, averaging approximately 3.83 billion yuan per day [1] - The financial performance showed mixed results with three banks experiencing revenue growth while three saw declines, and two banks had an increase in net profit while four reported decreases [1] Financial Performance Summary - Industrial and Commercial Bank of China (ICBC): - Revenue: 212.77 billion yuan, down 3.22% year-on-year - Net Profit: 84.16 billion yuan, down 3.99% year-on-year [1] - China Construction Bank (CCB): - Revenue: 190.07 billion yuan, down 5.40% year-on-year - Net Profit: 83.35 billion yuan, down 3.99% year-on-year [1] - Agricultural Bank of China (ABC): - Revenue: 186.67 billion yuan, up 0.35% year-on-year - Net Profit: 71.93 billion yuan, up 2.20% year-on-year [2] - Bank of China (BOC): - Revenue: 164.93 billion yuan, up 2.56% year-on-year - Net Profit: 54.36 billion yuan, down 2.90% year-on-year [3] - Postal Savings Bank of China (PSBC): - Revenue: 89.36 billion yuan, down 0.07% year-on-year - Net Profit: 25.25 billion yuan, down 2.62% year-on-year [4] - Bank of Communications (BoCom): - Revenue: 66.37 billion yuan, down 1.02% year-on-year - Net Profit: 25.37 billion yuan, up 1.54% year-on-year [4] Asset and Liability Growth - ICBC: - Total Assets: 51.55 trillion yuan, up 5.58% from the end of the previous year - Total Liabilities: 47.49 trillion yuan, up 5.91% from the end of the previous year [4] - ABC: - Total Assets: 44.82 trillion yuan, up 3.66% from the end of the previous year - Total Liabilities: 41.68 trillion yuan, up 3.82% from the end of the previous year [4] - CCB: - Total Assets: 42.79 trillion yuan, up 5.48% from the end of the previous year - Total Liabilities: 39.38 trillion yuan, up 5.79% from the end of the previous year [4] - BOC: - Total Assets: 35.99 trillion yuan, up 2.64% from the end of the previous year - Total Liabilities: 33.02 trillion yuan, up 2.84% from the end of the previous year [5] - PSBC: - Total Assets: 17.69 trillion yuan, up 3.54% from the end of the previous year - Total Liabilities: 16.69 trillion yuan, up 3.99% from the end of the previous year [5] - BoCom: - Total Assets: 15.29 trillion yuan, up 2.61% from the end of the previous year - Total Liabilities: 14.11 trillion yuan, up 2.67% from the end of the previous year [6] Asset Quality - The non-performing loan (NPL) ratios for the six banks remained low, indicating stable asset quality: - ICBC: 1.33%, down 0.01 percentage points - ABC: 1.28%, down 0.02 percentage points - BOC: 1.25%, unchanged - CCB: 1.33%, down 0.01 percentage points - BoCom: 1.30%, down 0.01 percentage points - PSBC: below 1%, at 0.91% [6]