Industrial Bank reports H1 2025 earnings, overhauls governance

Industrial Bank reported a net profit attributable to ordinary shareholders of RMB 39,827 million for the first half of 2025, with basic earnings per share of RMB 1.91. Total assets reached RMB 10,614,376 million, a 1.01% increase from the end of last year, while total liabilities increased by 1.11% to RMB 9,720,864 million. The company's non-performing loan ratio stood at 1.08%, with a provision coverage ratio of 228.54%. These figures were confirmed in an unaudited interim financial review by KPMG Huazhen LLP on August 28, 2025.

In parallel, the company will undertake significant corporate governance reforms, including the discontinuation of its board of supervisors. This decision, approved by the board on August 28, 2025, and pending regulatory approval, will transfer the board of supervisors' responsibilities to the Audit and Related Transaction Control Committee. This shift is accompanied by extensive revisions to the company's articles of association and shareholder meeting rules, which align with recent regulatory requirements.

The company also announced the full redemption and delisting of its three tranches of preference shares, totaling RMB 56,000 million, on July 1, 2025, impacting its capital structure. Furthermore, the conversion of "Industrial Convertible Bonds" into A-shares continues, with RMB 8,644,746,000 converted during the reporting period, increasing the number of ordinary shares by 388,528,011.