（文章来源：中国经营报） 具体来看，前三季度，对公房地产业务新发生不良较上年同期减少53%，信用卡领域新发生不良同比下 降10.58%，地方政府融资平台领域无新发生不良。同时，零贷受国内外宏观经济环境以及部分客户收 入下降影响，资产质量依然承压，但整体资产质量仍保持在同业较优水平。 为更好地适应外部经营新环境、新形势，今年7月，兴业银行正式启动风险管理体制机制改革，优化完 善风险管理架构，整合设置专业化管理部门，由风险内嵌机制转变为风险派驻机制，系统梳理了各类别 风险管理边界及投融资作业流程，有效提升风险管理独立性、全面性和专业性。同时，构建与集团风险 偏好适配的管控体系，深入推动风险与业务的融合，落实落细"区域+行业"策略，风险赋能进一步增 强。 兴业银行近日发布2025年三季度业绩报告显示，兴业银行新发生不良资产规模及不良生成率实现"双 降"，房地产、地方政府融资平台、信用卡三大领域从风险高发转向收敛，风险集中暴露高峰期已经过 去。 截至三季度末，该行不良贷款率1.08%，与6月末持平；关注类贷款率1.67%，较上年末下降0.04个百分 点；计提资产减值损失423.13亿元，同比下降11.30%；拨备覆盖 ...

Core Viewpoint - The report highlights that Industrial Bank has achieved stable operational performance in the first three quarters of 2025, focusing on value banking construction and enhancing five key capabilities: strategic execution, customer service, investment trading, comprehensive risk control, and management promotion [1] Financial Performance - As of the end of September, Industrial Bank's total assets reached 10.67 trillion yuan, an increase of 1.57% from the end of the previous year [1] - The bank reported operating income of 161.23 billion yuan, with a decline rate narrowing 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] - The non-performing loan (NPL) ratio stood at 1.08%, unchanged from the end of June, while the attention loan ratio decreased by 0.04 percentage points to 1.67% [1][4] Asset and Liability Structure - The bank has optimized its asset and liability structure, with loans and deposits increasing their proportion in total liabilities and assets by 2.17 percentage points and 1.53 percentage points, respectively, compared to the beginning of the year [2] - Loan balance reached 5.99 trillion yuan, up 4.42% year-on-year, with significant growth in green loans (18.64%), technology loans (17.70%), and medium to long-term loans in manufacturing (13.82%) [2] - Deposit balance was 5.83 trillion yuan, a 5.47% increase from the previous year, with retail deposits reaching 1.76 trillion yuan [2] Customer Service and Risk Management - The number of corporate clients increased by 6.53% to 1.6358 million, while retail clients grew by 3.40% to 114 million [3] - The bank's interest income was 110.96 billion yuan, a decline of 0.56%, but the decrease was less than in the first half of the year [3] - New non-performing assets and the non-performing asset generation rate both decreased, indicating a reduction in risk concentration in high-risk areas such as real estate and local government financing platforms [3][4] Digital Transformation and Innovation - Industrial Bank is advancing its digital transformation by focusing on intelligent transformation, with mobile banking active users reaching 24.73 million, a year-on-year increase of 10.41% [5] - The bank aims to enhance its AI capabilities and has established a "6+X" AI capability system [5] Strategic Development - The bank continues to strengthen its three key areas: green banking, wealth management, and investment banking, with green loan balances exceeding 1.1 trillion yuan [6] - The bank is also preparing to establish a financial asset investment company to enhance its "commercial bank + investment bank" advantage [7] Dividend Policy and Market Position - Industrial Bank announced its first mid-term dividend plan, reflecting a commitment to returning value to shareholders [8] - The bank has maintained a high dividend rate, with a static dividend yield of 5.29%, indicating strong investment value [9]

Core Insights - The bank reported a slight decline in operating income and a modest increase in net profit, indicating a stabilization in financial performance despite challenges in interest income [1][2] Financial Performance - Operating income for the bank was 110.46 billion yuan, a year-on-year decrease of 2.29%, but the decline was less severe compared to the first quarter [1] - Net profit attributable to shareholders was 43.14 billion yuan, reflecting a year-on-year growth of 0.21%, with growth turning positive compared to the first quarter [1] - Net interest income was 73.76 billion yuan, down 1.52% year-on-year, primarily due to a narrowing interest margin, which stood at 1.75%, a decrease of 7 basis points from the previous year [1] - Non-interest income totaled 36.70 billion yuan, a decline of 3.80% year-on-year, influenced by market interest rate fluctuations [1] Loan and Deposit Growth - Total assets reached 10.61 trillion yuan, a year-on-year increase of 1.01% [2] - Customer loan balance was 5.9 trillion yuan, up 2.91% from the previous year, with green loans, technology loans, and medium to long-term loans in manufacturing growing by 15.61%, 14.73%, and 11.83% respectively [2] - Customer deposit balance was 5.87 trillion yuan, reflecting a growth of 6.10% year-on-year [2] Asset Quality - Non-performing loan balance was 63.49 billion yuan, an increase of 2.02 billion yuan from the previous year, with a non-performing loan ratio of 1.08%, unchanged from the first quarter [3] - The bank initiated reforms in its risk management system to enhance its risk management capabilities [2][3] - Provision for asset impairment losses was 30.12 billion yuan, a decrease of 12.19% year-on-year, with a provision coverage ratio of 228.54% [3]