Bank of Chengdu(SH:601838) Di Yi Cai Jing·2025-11-07 00:00Core Viewpoint - Chengdu Bank has demonstrated consistent growth in revenue and net profit for nine consecutive years, establishing a solid foundation for its annual performance, with a focus on the Chengdu-Chongqing economic circle and a strong emphasis on its three main business areas: government finance, entity business, and retail liabilities [1][2]. Financial Performance - For the first three quarters of 2025, Chengdu Bank reported a total asset of 1,385.255 billion yuan, an increase of 135.139 billion yuan, or 10.81% year-on-year [2]. - The bank's total deposits reached 986.432 billion yuan, up 100.573 billion yuan, or 11.35% from the previous year [2]. - The total loan amount was 847.481 billion yuan, reflecting a growth of 104.913 billion yuan, or 14.13% year-on-year [3]. - The net interest income for the first three quarters was 14.725 billion yuan, a year-on-year increase of 8.24% [3]. Asset Quality - Chengdu Bank maintained a low non-performing loan (NPL) ratio of 0.68%, one of the few listed banks in A-shares with an NPL ratio below 0.7% [3]. - The bank's provision coverage ratio stood at 433.08%, indicating a strong buffer against potential loan losses [3]. Business Strategy - The bank is focused on enhancing its role as a key financial institution in the Chengdu-Chongqing economic circle, providing financial support for major projects and urban development [7]. - Chengdu Bank has committed over 1 trillion yuan in credit to the Chengdu-Chongqing economic circle over the past five years, with plans to allocate over 300 billion yuan for major projects in 2024 [7]. - The bank is actively involved in supporting green and low-carbon industries, as well as traditional industry transformations [8]. Market Recognition - Chengdu Bank's stock price has increased by over 140% since its listing in 2018, reflecting strong market confidence [9]. - The bank was ranked 324th in the 2025 Fortune China 500 list, improving by 35 places from the previous year [9][10]. - Chengdu Bank is recognized for its strong asset quality and growth potential, with major securities firms maintaining positive ratings and outlooks for the bank [10].