Zhong Guo Zheng Quan Bao·2026-03-27 12:24Financial Performance - The company reported operating revenue of 801.395 billion yuan for the year 2025, representing a year-on-year increase of 1.94% [2] - The net profit attributable to shareholders was 368.562 billion yuan, showing a year-on-year growth of 0.74% [2] - The net cash flow from operating activities reached 1,890.53 billion yuan, a significant increase of 226.41% year-on-year [2] - Basic earnings per share stood at 1.00 yuan [2] Valuation Metrics - As of the market close on March 27, the company's price-to-earnings (P/E) ratio (TTM) was approximately 5.87 times [2] - The price-to-book (P/B) ratio (TTM) was about 0.56 times [2] - The price-to-sales (P/S) ratio (TTM) was around 2.7 times [2] Asset Changes - As of the end of 2025, the company's repurchased financial assets decreased by 56.15%, with a 1.49 percentage point decline in total asset proportion [16] - Loans and advances increased by 7.6%, with a 1 percentage point decrease in total asset proportion [16] - Derivative financial assets decreased by 41.35%, with a 0.21 percentage point decline in total asset proportion [16] - Other assets increased by 27.49%, resulting in a 0.21 percentage point increase in total asset proportion [16] Liability Changes - The company's sold repurchased financial assets increased by 66.48%, with a 1.62 percentage point rise in total asset proportion [19] - Deposits and interbank deposits rose by 7.58%, with a 1.45 percentage point decrease in total asset proportion [19] - Derivative financial liabilities decreased by 32.21%, with a 0.15 percentage point decline in total asset proportion [19] - Trading financial liabilities increased by 97.48%, resulting in a 0.13 percentage point increase in total asset proportion [19]