平安银行（平安银行，深交所000001）今日向深圳证券交易所提交了2025年三季度业绩报告。2025年1- 9月，平安银行坚持党建引领，坚持金融工作的政治性、人民性，坚持"零售做强、对公做精、同业做 专"战略方针，持续升级零售、对公、资金同业业务经营策略，持续强化风险管理，持续深化数字化转 型，整体业务经营保持稳健。 经营业绩主要表现： ■业务经营保持稳健，持续推进降本增效。1-9月，平安银行实现营业收入1,006.68亿元，同比下降 9.8%，一方面受贷款利率下行和业务结构调整等因素影响，1-9月净息差1.79%，较去年同期下降14个基 点；另一方面受市场波动影响，债券投资等业务非利息净收入下降。通过数字化转型驱动降本增效，业 务及管理费276.49亿元，同比下降9.6%；同时，加强资产质量管控，加大不良资产清收处置力度，信用 及其他资产减值损失259.89亿元，同比下降18.8%。1-9月实现净利润383.39亿元，同比下降3.5%。 ■持续优化资产结构，支持服务实体经济。9月末，资产总额57,667.64亿元，其中发放贷款和垫款本金 总额34,177.53亿元，较上年末增长1.3%；企业贷款余额较上年末 ...

Group 1 - The total balance of household loans in both domestic and foreign currencies reached 84.01 trillion yuan at the end of Q2 2025, reflecting a year-on-year growth of 3% [1] - In the first half of the year, the household loan balance increased by 1.17 trillion yuan [1] - The balance of operational loans amounted to 25.09 trillion yuan, showing a year-on-year increase of 5.4%, with an increase of 923.8 billion yuan in the first half of the year [1] Group 2 - The balance of consumption loans, excluding personal housing loans, reached 21.18 trillion yuan, with a year-on-year growth of 6% and an increase of 195 billion yuan in the first half of the year [1]

Group 1: Financial Performance - In Q1 2025, the bank's revenue was CNY 33.709 billion, a year-on-year decrease of 13.1% [2] - Net profit for Q1 2025 was CNY 14.096 billion, down 5.6% year-on-year [2] - The bank's operating expenses were CNY 9.055 billion, a decrease of 13.2% year-on-year [2] Group 2: Dividend Distribution - For the year 2024, the bank plans to distribute a cash dividend of CNY 6.08 per 10 shares, totaling CNY 11.799 billion, which is 28.32% of the net profit attributable to ordinary shareholders [3] - The interim dividend for 2024 is CNY 2.46 per 10 shares, amounting to CNY 4.774 billion [3] - The final dividend for 2024 is CNY 3.62 per 10 shares, totaling CNY 7.025 billion [3] Group 3: Asset Quality - As of March 2025, the non-performing loan (NPL) ratio was 1.06%, unchanged from the end of the previous year [5] - The provision coverage ratio was 236.53%, with a provision-to-loan ratio of 2.50% [5] - In Q1 2025, the bank wrote off loans amounting to CNY 17.065 billion and recovered CNY 9.425 billion in non-performing assets [5] Group 4: Interest Margin - The net interest margin in Q1 2025 was 1.83%, a decrease of 18 basis points year-on-year [4] - The bank anticipates continued downward pressure on the net interest margin in 2025, but at a slower rate [4] Group 5: Wealth Management - Wealth management fee income in Q1 2025 was CNY 1.208 billion, a year-on-year increase of 12.5% [6] - Personal insurance income grew by 38.7% to CNY 0.344 billion, while personal fund income increased by 5.7% to CNY 0.522 billion [6] Group 6: Capital Adequacy - As of the end of 2024, the bank's capital adequacy ratios were 9.12% for core tier 1, 10.69% for tier 1, and 13.11% for total capital [8] - The bank plans to balance internal and external capital replenishment to maintain adequate capital levels [8] Group 7: Deposit Growth - As of March 2025, personal deposits totaled CNY 1,330.883 billion, a growth of 3.4% from the end of the previous year [9] - The average daily balance of personal deposits in Q1 2025 was CNY 1,316.631 billion, up 6.5% year-on-year [9] Group 8: Loan Growth - As of March 2025, personal loan balances were CNY 1,729.046 billion, a decrease of 2.2% from the end of the previous year [10] - Housing mortgage loans increased by 4.1% to CNY 339.434 billion, while credit card receivables decreased by 7.9% to CNY 400.638 billion [10]

Core Viewpoint - Ping An Bank reported a decline in both revenue and net profit for Q1 2025, while also announcing plans to issue capital bonds totaling up to RMB 100 billion to strengthen its capital structure [2][3]. Financial Performance - For Q1 2025, Ping An Bank achieved operating revenue of RMB 33.709 billion, a year-on-year decrease of 13.1%, and a net profit of RMB 14.096 billion, down 5.6% year-on-year [2]. - The net interest margin fell to 1.83%, a decrease of 18 basis points compared to the same period last year [2]. - The non-performing loan ratio remained stable at 1.06%, unchanged from the end of the previous year [2]. Retail Business Adjustments - The bank's retail loan scale continued to shrink, with personal loan balances at RMB 1,729.046 billion, down 2.2% from the end of the previous year [3]. - High-risk loans decreased, with credit card receivables down 7.9% to RMB 400.638 billion and consumer loans down 3.2% to RMB 459.315 billion [3]. - The quality of retail assets improved, with the personal loan non-performing rate at 1.32%, a decrease of 0.07 percentage points from the end of the previous year [3]. Corporate Lending Growth - Corporate loans increased to RMB 1,682.667 billion, a growth of 4.7% from the end of the previous year [4]. - The bank's focus on four major industries (infrastructure, automotive ecosystem, public utilities, and real estate) resulted in new corporate loans of RMB 123.571 billion, a year-on-year increase of 13.3% [5]. - New loans in emerging industries reached RMB 73.956 billion, growing by 32.7% year-on-year [5]. Cost Management and Efficiency - The bank's operating costs decreased, with business and management expenses at RMB 9.055 billion, down 13.2% year-on-year [5]. - Credit and other asset impairment losses were RMB 7.430 billion, a reduction of 20.9% compared to the previous year [5].

Retail Strategy and Performance - The bank maintains a steadfast retail strategy, focusing on customer-centric approaches to drive high-quality and sustainable development in retail business [1] - As of the end of 2024, personal loan balance reached CNY 17,671.68 billion, with a significant reduction in high-risk loans and an increase in the proportion of mortgage loans by 4.0 percentage points to 62.8% [3] - The bank's net interest margin for 2024 was 1.87%, a decrease of 51 basis points year-on-year, primarily due to market interest rate declines and proactive reduction of high-risk retail assets [1] Corporate Business Overview - By the end of 2024, corporate loan balance was CNY 16,069 billion, reflecting a growth of 12.4% year-on-year, while corporate deposit balance was CNY 22,465 billion, up 2.1% [2] - The bank aims to enhance support for key sectors such as advanced manufacturing, green finance, and rural revitalization through focused financing efforts [2] Financial Performance - In 2024, the bank reported operating income of CNY 1,466.95 billion, a decline of 10.9% year-on-year, with net profit at CNY 445.08 billion, down 4.2% [4] - The bank's management expenses decreased by 11.7% to CNY 405.82 billion, while credit and other asset impairment losses fell by 16.4% to CNY 494.28 billion [4] Asset Quality and Risk Management - The personal loan non-performing loan (NPL) ratio decreased by 0.04 percentage points by the end of 2024, with specific NPL ratios for housing loans at 0.47%, credit card loans at 2.56%, and consumption loans at 1.35% [5] - The bank emphasizes differentiated risk management policies and proactive asset structure adjustments to enhance asset quality and support sustainable retail business development [5] Real Estate Loan Management - The bank's corporate real estate loan NPL ratio was 1.79% at the end of 2024, an increase of 0.93 percentage points year-on-year, primarily due to external environmental pressures [6] - Continuous monitoring and management of real estate loans are prioritized to mitigate risks associated with project financing [6] Dividend Policy - The bank plans to distribute cash dividends of CNY 6.08 per 10 shares for the year 2024, totaling CNY 117.99 billion, which represents 28.32% of the net profit attributable to ordinary shareholders [7] - The bank aims to enhance the stability and predictability of dividends while ensuring compliance with capital adequacy requirements [7]