Ping An Bank's Q1 2025 revenue and profit decline

Ping An Bank (SZSE:000001) announced a decrease in both revenue and net profit for the first quarter of 2025. Operating income totaled CNY 33.709 billion, a 13.1% year-over-year decline, while net profit attributable to shareholders decreased by 5.6% to CNY 14.096 billion. Despite these declines, the bank emphasized stable business operations, with assets reaching CNY 5,777.858 billion, a slight increase of 0.1% compared to the end of 2024, and loans growing 1.1%. The non-performing loan ratio remained steady at 1.06%. The bank highlighted efforts to optimize its loan structure, support key sectors like manufacturing and technology, and strengthen risk management. The core tier 1 capital adequacy ratio increased to 9.41%, up 0.29 percentage points. The bank has issued CNY 30 billion of new tier-1 capital bonds in Q1 to support its capital base.