Mei Ri Jing Ji Xin Wen·2025-10-28 14:03Core Viewpoint - The recent quarterly reports from A-share listed banks indicate a mixed performance, with some banks showing growth in revenue and net profit, while others face declines, particularly in fair value changes due to bond market fluctuations [1][2]. Group 1: Quarterly Performance - Huaxia Bank reported a total asset increase of 4.8% to 4.59 trillion yuan, with loans rising to 2.43 trillion yuan, an increase of 692.77 billion yuan [2]. - Ping An Bank's third-quarter revenue was 31.28 billion yuan, down 9.2% year-on-year, while net profit decreased by 2.8% to 13.47 billion yuan [3]. - Chongqing Bank's net profit grew by 10.19% to 4.879 billion yuan, with revenue increasing by 10.4% to 11.74 billion yuan [4]. - Wuxi Bank's revenue rose by 3.87% to 376.5 million yuan, and net profit increased by 3.78% to 183.3 million yuan [4]. Group 2: Fair Value Changes - Huaxia Bank's fair value changes resulted in a loss of 4.505 billion yuan, a decrease of approximately 7.8 billion yuan from the previous year's gain of 3.326 billion yuan [2]. - Ping An Bank reported a fair value change loss of 2.382 billion yuan, with a total change amount of -3.813 billion yuan [3]. - Both Chongqing Bank and Wuxi Bank also experienced significant declines in fair value changes, with Chongqing Bank reporting -367 million yuan and Wuxi Bank -33.53 million yuan [4]. Group 3: Asset Quality - The non-performing loan (NPL) ratios for major banks showed improvement, with Huaxia Bank at 1.58%, Ping An Bank at 1.05%, Chongqing Bank at 1.14%, and Wuxi Bank at a low 0.78% [7]. - Analysts expect the trend of improving asset quality to continue, particularly in corporate loans, while retail exposure risks are anticipated to slow down [7]. Group 4: Net Interest Margin - The net interest margin (NIM) for Ping An Bank was 1.79%, down 0.14 percentage points year-on-year, while Huaxia Bank's NIM was 1.55%, down 0.05 percentage points [6]. - Analysts predict a potential stabilization of NIM in the third quarter, supported by a larger decline in deposit rates compared to loan rates [6].