Core Viewpoint - The report highlights the financial performance and strategic initiatives of China Postal Savings Bank for the third quarter of 2025, emphasizing its commitment to high-quality development and risk management while achieving growth in both revenue and net profit [16][25]. Financial Performance - For the first nine months of 2025, the bank achieved operating income of RMB 265.08 billion, an increase of 1.82% year-on-year, and net profit of RMB 76.79 billion, up 1.07% year-on-year [25]. - The annualized return on total assets was 0.58%, and the annualized weighted average return on equity was 10.67% [25]. - Interest income for the same period was RMB 210.51 billion, a decrease of 2.07% year-on-year, while net interest margin remained at 1.68% [26]. - Non-interest income, including fees and commissions, increased by 11.48% to RMB 23.09 billion, and other non-interest income rose by 27.52% to RMB 31.48 billion [27][28]. - Operating expenses decreased by 2.66% to RMB 152.17 billion, reflecting effective cost management [29]. Asset Quality and Capital Adequacy - As of the end of September 2025, the bank's total assets reached RMB 18.61 trillion, a year-on-year increase of 8.90% [31]. - The total customer loans amounted to RMB 9.66 trillion, with a year-on-year growth of 8.33% [31]. - The non-performing loan ratio stood at 0.94%, with a slight increase of 0.04 percentage points from the previous year [34]. - The core tier one capital adequacy ratio was 10.65%, up 1.09 percentage points from the previous year, indicating a solid capital position [34]. Strategic Initiatives - The bank is focused on enhancing its asset-liability management and has seen a 17.91% increase in corporate loans, reflecting its commitment to supporting the real economy [17]. - The bank is actively pursuing a transformation towards a more diversified and sustainable growth model, with a focus on non-interest income and risk management [18][19]. - The bank has implemented various initiatives to optimize financial supply and ensure that policy benefits reach market entities effectively [20]. - The bank's retail assets under management (AUM) reached RMB 17.89 trillion, growing over 7% year-on-year, indicating strong customer engagement [20]. Shareholder Information - As of the report date, the total number of ordinary shareholders was 142,576, with significant holdings by the controlling shareholder, China Postal Group [12]. - The bank plans to distribute a mid-term cash dividend of RMB 1.230 per share, totaling approximately RMB 14.77 billion [38].

Core Viewpoint - Postal Savings Bank of China (PSBC) has demonstrated strong growth in both assets and liabilities, with a focus on enhancing its balance sheet stability and profitability through diversified revenue streams and effective risk management [1][2][3] Group 1: Asset Management - As of the end of Q3, PSBC's total loans increased by CNY 742.69 billion, an 8.33% growth compared to the end of last year, with a year-on-year increase of CNY 112.21 billion [1] - The bank's corporate loans rose by CNY 653.54 billion, a 17.91% increase, contributing to a more stable dual-driven model of retail and corporate lending [1] - Investment income from non-credit businesses grew by 76.70% year-on-year, reflecting proactive market positioning and asset allocation [1] Group 2: Liability Management - PSBC's deposits increased by CNY 928.90 billion, a 6.08% growth, with corporate deposits rising by CNY 201.81 billion, a 12.19% increase [2] - The average interest rate on interest-bearing liabilities decreased to 1.22%, down 25 basis points from the previous year, maintaining a competitive edge among listed banks [2] - The bank is focusing on a lightweight transformation to create a more resilient and sustainable growth model [2] Group 3: Revenue and Profitability - For the first three quarters, PSBC achieved operating income of CNY 265.08 billion, a year-on-year increase of 1.82%, with net interest margin at 1.68% [3] - Non-interest income grew by 11.48%, with other non-interest income increasing by 27.52%, enhancing its contribution to total revenue [3] - The bank's net profit reached CNY 76.79 billion, a 1.07% increase year-on-year, supported by effective cost management and a decrease in business and management expenses by 2.66% [3] Group 4: Risk Management - As of the end of September, PSBC maintained a non-performing loan ratio of 0.94%, continuing its long-standing low level [3] - The core Tier 1 capital adequacy ratio improved to 10.65%, up 1.09 percentage points from the end of last year, ensuring robust operational stability [3] - The bank's "Look Forward" technology application led to a 37.24% increase in approved clients and a 170.30% rise in approved amounts, with a lower non-performing loan rate for these clients compared to the overall average [3]

Core Insights - Postal Savings Bank of China (PSBC) reported a stable performance in risk control with a non-performing loan ratio of 0.94% as of September [2] - The bank accelerated its "Look Forward" technology application, with customer approvals increasing by 37.24% year-on-year and the approval amount reaching 4.62 trillion yuan, a 170.30% increase [2] - PSBC achieved double growth in revenue and net profit in the first three quarters, enhancing its risk management capabilities [2] Revenue Performance - PSBC's operating income for the first three quarters was 265.08 billion yuan, a year-on-year increase of 1.82% [3] - The net interest margin stood at 1.68%, maintaining an excellent industry level, with interest income improving quarterly [3] - Non-interest income grew by 27.52% year-on-year, contributing to an increase in its share of total revenue by 2.40 percentage points [3] - The bank's net profit reached 76.79 billion yuan, reflecting a year-on-year growth of 1.07% [3] Cost Management - PSBC implemented refined cost management, resulting in a 2.66% decrease in business and management expenses year-on-year [3] - The cost-to-income ratio improved to 57.40%, down 2.65 percentage points from the previous year [3] Asset Management - The bank's loans increased by 742.69 billion yuan, with a year-on-year increase of 112.21 billion yuan [4] - Corporate loans rose by 653.54 billion yuan, a growth of 17.91%, enhancing the stability of its retail and corporate loan structure [4] - Investment income saw a significant increase of 76.70% year-on-year [4] Liability Management - PSBC's deposits increased by 928.90 billion yuan, a growth of 6.08%, with corporate deposits rising by 201.81 billion yuan, a 12.19% increase [4] - The average interest rate on interest-bearing liabilities decreased to 1.22%, down 25 basis points from the previous year, maintaining a strong position among listed banks [4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 POSTAL SAVINGS BANK OF CHINA CO., LTD. 1658 海外監管公告 2025年第三季度報告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10(B)條作出。如下公 告已於上海證券交易所網站刊登，僅供參閱。 特此公告。 承董事會命 中國郵政儲蓄銀行股份有限公司 杜春野 聯席公司秘書 中國，北京 2025年10月30日 於本公告日期，本行董事會包括董事長及非執行董事鄭國雨先生；執行董事劉建軍先生及姚紅 女士；非執行董事韓文博先生、劉新安先生、張宣波先生、劉瑞鋼先生、胡宇霆先生、丁向明 先生及余明雄先生；獨立非執行董事溫鐵軍先生、鍾瑞明先生、潘英麗女士、唐志宏先生、洪 小源先生及楊勇先生。 * 中國郵政儲蓄銀行股份有限公司並非一家根據銀行業條例（香港法例第155章）之認可機 構，並不受限於香港金融管理局的監督，亦不獲授權在香港經營銀行及╱或接受存款業 務。 2 主 ...

Core Viewpoint - China Postal Savings Bank is undergoing a "second upgrade" in retail banking, focusing on wealth management to enhance value and deepen customer engagement, supported by a robust asset base exceeding 18 trillion yuan [2][14]. Wealth Management Strategy - The bank established a wealth management department to enhance its core layout, achieving a personal asset management (AUM) of 17.67 trillion yuan, a 5.87% increase from the previous year [2][14]. - Wealth management has become a crucial link connecting 670 million retail customers, integrating inclusive finance with professional services [2][14]. Intermediate Business Income Growth - The bank's intermediate business income reached 16.918 billion yuan, with a year-on-year growth of 11.59%, outperforming peers [4][5]. - Wealth management-related income, particularly from financial advisory and custody services, saw significant growth, with financial advisory fees increasing by 47.89% [4][5]. High-Value Business Focus - The bank's growth in intermediate business income is driven by high-value sectors such as investment banking and transaction banking, with corporate segment income growing by 42% [5][6]. - The bank's asset quality remains stable, with a non-performing loan ratio of 0.30%, indicating strong credit management [5][6]. Market Opportunities and Growth - The bank capitalized on national policies aimed at boosting consumption and supporting innovation, resulting in a personal loan total of 4.86 trillion yuan, a 1.86% increase [6][7]. - The bank's investment management capabilities have improved, with non-interest income growing by 4.51% [7]. Unique Channel Advantages - The bank's extensive network of nearly 40,000 outlets and a customer base of over 670 million provides a competitive edge in wealth management, enabling precise customer targeting and service delivery [8][9]. - The "self-operated + agency" model creates a strong customer and channel moat, enhancing service capabilities [8][9]. Capital Strength and Efficiency - The bank's capital base was bolstered by a 130 billion yuan injection, raising its core tier one capital adequacy ratio to 10.52% [11][12]. - Cost management initiatives have led to a reduction in agency fees and an improvement in the cost-to-income ratio, allowing for reinvestment in wealth management capabilities [12][13]. Future Directions - The bank is focusing on a lightweight transformation strategy to enhance its non-interest income through improved capabilities rather than relying solely on resources [13][14]. - A clear path for wealth management transformation has been established, emphasizing the importance of customized asset allocation based on customer needs [14].

Core Viewpoint - China Postal Savings Bank is transitioning from a phase of rapid expansion to a focus on deepening existing customer relationships and enhancing value through wealth management, marking a significant upgrade in its retail banking strategy [1] Group 1: Wealth Management Strategy - The bank has established a dedicated wealth management department, achieving a personal asset management (AUM) scale of 17.67 trillion yuan, a 5.87% increase from the previous year [1][7] - Wealth management has become a core link connecting 670 million retail customers, integrating inclusive finance with professional services [1][12] - The bank's wealth management strategy has led to a 47.89% year-on-year increase in wealth management service fee income [2][3] Group 2: Intermediate Business Income - The bank's intermediate business income reached 16.918 billion yuan, with an 11.59% year-on-year growth, outperforming peers [2][3] - Wealth management-related income has been a major contributor, with significant growth in service fees from wealth management and custody services [2][4] - The bank's focus on high-value areas such as investment banking and transaction banking has led to a structural optimization of income [3][4] Group 3: Customer Base and Channel Advantage - The bank serves over 670 million personal customers through nearly 40,000 outlets, providing a unique advantage in reaching rural and urban clients [6][7] - The integration of postal services with banking has allowed the bank to embed wealth management services into everyday life for customers [6][7] - The bank's customer segmentation strategy addresses diverse needs, offering tailored services for different customer groups [7][8] Group 4: Capital Strength and Efficiency - The bank raised 130 billion yuan through a targeted A-share issuance, enhancing its capital adequacy ratio to 10.52% [10][11] - Cost management initiatives have led to a reduction in agency fees and an improvement in the cost-to-income ratio, allowing for reinvestment in wealth management capabilities [11][12] - The bank aims to transition from a reliance on interest income to a diversified income model through enhanced capabilities in wealth management [11][12]

Core Viewpoint - Postal Savings Bank of China reported stable growth in its financial performance for the first half of 2025, with total assets reaching 18 trillion yuan and a net profit increase of 1.08% year-on-year [1][2]. Financial Performance - As of June 30, 2025, the bank's total assets stood at 18.19 trillion yuan, a year-on-year increase of 6.47% [2] - The bank achieved an operating income of 179.446 billion yuan, up 1.50% year-on-year, with net interest income contributing 139.058 billion yuan [2] - Net profit for the period was 49.415 billion yuan, reflecting a growth of 1.08% compared to the previous year [1][2] Asset and Liability Management - The bank's total customer loans reached 9.54 trillion yuan, growing by 6.99% year-on-year, while total liabilities were 17.05 trillion yuan, up 6.21% [2] - Customer deposits amounted to 16.11 trillion yuan, marking a 5.37% increase from the previous year [2] - The net interest margin was reported at 1.70%, maintaining a leading position in the industry [1] Risk Management - The non-performing loan ratio was 0.92%, indicating strong asset quality, with a provision coverage ratio of 260.35% [3] Strategic Initiatives - The bank is advancing five major actions and seven reforms to enhance its business structure and resilience, focusing on rural markets, SMEs, and personal banking [4] - The management of personal customer assets reached 17.67 trillion yuan, a 5.87% increase year-on-year, with high-net-worth clients growing by 11.69% [4] Growth Areas - The bank is enhancing its corporate finance and urban finance services, with corporate client financing totaling 6.43 trillion yuan, a 15.72% increase [5] - The bank's non-interest income from bill business grew by 34.34%, while wealth management fees increased by 47.89% [5]

Core Viewpoint - Postal Savings Bank of China (601658.SH) focuses on balanced development and accelerates its lightweight transformation, achieving a shift from reliance on single interest margin to diversified value creation, thereby establishing a more robust multi-income structure [1] Financial Performance - The bank reported a net profit attributable to shareholders of 49.228 billion yuan, representing a year-on-year increase of 0.85% [1] - Operating income reached 179.446 billion yuan, with a year-on-year growth of 1.50% [1] Non-Interest Income Contribution - Non-interest income showed significant improvement, with intermediary business income of 16.918 billion yuan, up 11.59% year-on-year [1] - Other non-interest income amounted to 23.470 billion yuan, reflecting a year-on-year increase of 25.16%, both categories achieving double-digit growth [1] - The proportion of non-interest income in total operating income increased by 0.85 percentage points and 2.47 percentage points year-on-year, respectively [1] Dividend Distribution - The bank declared a dividend of 1.230 yuan per 10 shares [1]

Core Viewpoint - Ningbo Bank's 2024 annual report highlights its total assets surpassing 3 trillion yuan for the first time, achieving a year-on-year growth rate of 15.25%, leading the industry in both scale and asset quality [1][2]. Group 1: Financial Performance - Total assets reached 31,252.32 billion yuan, with a significant growth rate compared to peers like Shanghai Bank (4.57%) and Nanjing Bank (13.25%) [2]. - Net profit stood at 271.27 billion yuan, maintaining the top position among banks in Zhejiang [1]. - Customer deposit balance reached 18,363.45 billion yuan, growing by 17.24%, outperforming many peers [4]. - Loan and advance total increased to 14,760.63 billion yuan, with a year-on-year growth of 17.83%, indicating strong credit deployment [4]. Group 2: Risk Management - Non-performing loan (NPL) ratio was maintained at 0.76%, with a provision coverage ratio of 389.35%, showcasing robust risk management capabilities [1][6]. - The bank employs a comprehensive risk control mechanism, including a unified credit policy and a digital warning system, achieving a 100% coverage rate for post-loan visits [6][7]. - Capital adequacy ratio was reported at 15.32%, ensuring a solid foundation for sustainable growth [7][8]. Group 3: Strategic Initiatives - The bank's strategy focuses on "professionalization, digitalization, platformization, and internationalization," creating a differentiated growth model [1]. - The establishment of a "9+4" profit center matrix has diversified its revenue sources, enhancing its competitive edge in regional economies [4]. - Digital platforms like "Kunpeng Treasury" and "Bobo Zhiliao" have been launched to improve service delivery and support various business scenarios [9][10]. Group 4: Future Outlook - Ningbo Bank is advancing its "Four Transformations" strategy, exploring cross-border finance and offshore business opportunities [10]. - The bank's commitment to serving the real economy and its focus on technology-driven solutions position it well for future growth [10]. - The successful transition from a "scale leader" to a "value creator" reflects its adaptability in a competitive banking landscape [10].