Bank of Ningbo(SZ:002142) Huan Qiu Lao Hu Cai Jing·2025-10-31 02:20Core Viewpoint - The Chinese banking industry is undergoing significant structural differentiation due to declining loan interest rates and intensified competition, prompting banks to enhance operational resilience and seize strategic opportunities for high-quality development [1][2]. Financial Performance - As of the end of September, Ningbo Bank's total assets exceeded 3.5 trillion yuan for the first time, growing by 14.50% year-to-date [1][9]. - The bank achieved operating income of 54.976 billion yuan, an increase of 8.32% year-on-year, and net profit attributable to shareholders of 22.445 billion yuan, up 8.39% year-on-year [3][5]. - The net interest margin stood at 1.76%, reflecting a 2 basis point rebound from the previous quarter, outperforming the industry average [3][10]. Risk Management - Ningbo Bank maintains a low non-performing loan ratio of 0.76%, having kept it below 1% for 18 consecutive years, demonstrating strong risk control capabilities [1][10]. - The bank's proactive risk management approach includes a comprehensive risk management system supported by technology, which has led to a significant reduction in the migration rate of watchlist loans from 52.60% to 35.43% [10][11]. Strategic Focus - The bank emphasizes serving the real economy by directing credit resources towards small and micro enterprises and technological innovation, reflecting a commitment to differentiated competitiveness [1][6]. - Ningbo Bank has established a dedicated Technology Finance Department to support tech enterprises and has created ecosystems around technology innovation, equity funds, and mergers and acquisitions [8][9]. Non-Interest Income Growth - Non-interest income has shown remarkable growth, with net fee and commission income reaching 4.848 billion yuan, a year-on-year increase of 29.31% [4][5]. - The bank's subsidiary, Yongying Fund, has also performed well, with its actively managed equity fund scale increasing by 76.513 billion yuan, ranking first in the market [4]. Digital Transformation - Ningbo Bank is actively pursuing digital transformation, integrating AI and big data into its operations to enhance efficiency and customer service [10][11]. - The bank has launched various products aimed at improving corporate financial management, such as the upgraded "Kunpeng Treasury" and "Financial Manager" services [11]. Conclusion - Overall, Ningbo Bank's third-quarter report highlights its resilience and vitality in navigating through economic cycles, with effective net interest margin management and explosive growth in non-interest income serving as core supports for its performance [5][9].