兴业银行 净利润保持增长 将首次实施中期分红

Core Insights - The core viewpoint of the report is that Industrial Bank has shown stable financial performance in Q3 2025, with a slight increase in total assets and a modest growth in net profit, while also indicating a reduction in new non-performing assets and improved risk management [1] Financial Performance - As of the end of September, Industrial Bank's total assets reached 10.67 trillion yuan, an increase of 1.57% compared to the end of the previous year [1] - The bank achieved operating income of 161.23 billion yuan, with a decline rate that narrowed by 0.47 percentage points compared to the first half of the year [1] - Net profit for the period was 63.08 billion yuan, reflecting a year-on-year growth of 0.12% [1] Asset Quality - The report indicates a "double decrease" in newly generated non-performing assets and the non-performing asset generation rate [1] - Key risk areas such as real estate, local government financing platforms, and credit cards have shifted from high-risk exposure to a more contained risk environment [1] - As of the end of Q3, the non-performing loan ratio stood at 1.08%, unchanged from the end of June, while the attention-class loan ratio decreased by 0.04 percentage points to 1.67% compared to the end of the previous year [1] - The bank made provisions for asset impairment losses amounting to 42.31 billion yuan, a year-on-year decrease of 11.30% [1] - The provision coverage ratio was reported at 227.81%, indicating a sufficient level of coverage [1] Dividend Policy - On the same day as the Q3 report, Industrial Bank announced its plan to implement a mid-term dividend for 2025, marking the first time the bank has adopted this practice [1] - Since its listing in 2007, the bank has cumulatively distributed dividends amounting to 216.1 billion yuan, which is 2.3 times the financing from ordinary shares [1] - The bank has consistently increased its dividend payout ratio for 15 consecutive years, with the ratio surpassing 30% for the first time last year, signaling a commitment to sustained and stable dividend distribution [1]