Bank of Chengdu reports strong half-year profit, strategic restructuring

Bank of Chengdu reported a net profit attributable to shareholders of 6.617 bn yuan for the first half of 2025, a 7.29% increase year-on-year. Total assets reached 1,372.25 bn yuan, up 9.77% from the end of last year. The bank's business operations continued to strengthen, driven by a 5.91% rise in operating income to 12.27 bn yuan. The report also highlighted improved risk management with a non-performing loan ratio of 0.66% and a provision coverage ratio of 452.65%.

Significant strategic changes were also enacted. Following a resolution on December 17, 2024, the bank completed the early redemption of its “Chengyin Convertible Bonds” on February 6, 2025. 99.94% of the bonds converted to shares, increasing the total share capital to 4,238,435,356 shares. Additionally, on July 3, 2025, Bank of Chengdu received approval to dissolve Sichuan Manshan Jincheng Rural Bank Co., Ltd. and proceed with its deregistration. The bank also established its Ya'an branch on July 8, 2025.

In terms of leadership, Huang Jianjun was appointed party secretary and chairman-nominee on August 17, 2025, replacing Wang Hui, who resigned from his roles. You Xianwei was appointed chief economist on December 24, 2024. Zhang Peng ceased to be a party committee member, chairwoman of the labor union, and employee supervisor on July 30, 2025. Zhao Hongcheng resigned as party committee member and disciplinary committee secretary on June 3, 2025, with Qing Yunzhong appointed to those roles.