Xin Lang Cai Jing·2025-11-01 12:40Core Viewpoint - CITIC Bank reported a revenue of 156.6 billion yuan for the first nine months of 2025, a year-on-year decrease of 3.5%, while net profit attributable to shareholders was 53.39 billion yuan, an increase of 3.0% year-on-year [1] Revenue and Profit Analysis - The bank's net interest income for 9M25 was 107.7 billion yuan, down 2.1% year-on-year, with a marginal decline in growth rate compared to 1H25 [1] - Non-interest income showed mixed results, with net fee and commission income increasing by 5.7% year-on-year to 25.69 billion yuan, benefiting from wealth management and comprehensive financing services [1] - Other non-interest income decreased by 17.0% year-on-year to 23.21 billion yuan, impacted by rising bond market interest rates [1] Loan and Asset Quality - As of the end of 9M25, the loan balance was 5.7825 trillion yuan, a year-on-year increase of 2.7%, with a focus on optimizing loan structure and reducing low-yield bills [2] - The non-performing loan ratio remained stable at 1.16%, with a coverage ratio of 204%, indicating strong risk mitigation capacity [3] Strategic Outlook - CITIC Bank is leveraging its comprehensive financial ecosystem and focusing on both corporate and retail banking, aiming for balanced growth across its business segments [3] - The bank's net interest margin was stable at 1.63%, supported by improved loan structure and optimized funding costs [2] - Future net profit projections for 2025-2027 are 70.71 billion, 73.37 billion, and 76.46 billion yuan, reflecting a growth rate of 3.1%, 3.8%, and 4.2% respectively [3]