Ge Long Hui·2026-03-30 04:11Core Viewpoint - Daxin Financial (00440.HK) demonstrated strong resilience in its performance for the fiscal year 2025, achieving a 24% growth in operating profit before impairment losses despite a mixed economic backdrop [1][2] Group 1: Financial Performance - The company reported a 15% increase in operating income to HKD 8.267 billion, driven by robust growth in both interest and non-interest income [2] - Net interest income rose by 9% to HKD 5.901 billion, while non-interest income surged by 31% to HKD 2.366 billion [2] - The operating profit, excluding non-cash impairment losses related to the acquisition of Macau Commercial Bank, increased by 47% year-on-year, reflecting significant growth in core business profitability [2] Group 2: Cost Management and Efficiency - The cost-to-income ratio improved to 43.3% from 47.8% in the previous year, indicating better cost management [1] - Despite a general decline in interest rates, the net interest margin expanded by 24 basis points to 2.41%, showcasing the company's effective control over funding costs [1] Group 3: Shareholder Returns - The company recorded a 23% increase in profit attributable to shareholders, reaching HKD 2.057 billion [2] - A final dividend of HKD 1.42 per share was proposed, bringing the total annual dividend to HKD 2.58, which is a 23% increase compared to HKD 2.10 in 2024 [2]