Core Viewpoint - The preliminary financial data for Huaxia Bank for the year 2025 indicates a decline in profit, while showing growth in total assets and deposits, reflecting a focus on high-quality development despite challenges in profitability [1][3]. Financial Data and Indicators - Total profit for 2025 was CNY 34.174 billion, a decrease of 4.75% compared to the previous year [3]. - Net profit attributable to shareholders was CNY 27.200 billion, down 1.72% year-on-year [3]. - Total assets reached CNY 4,737.619 billion, an increase of 8.25% from the end of the previous year [3]. - Total loans amounted to CNY 2,566.666 billion, growing by 8.47% [3]. - Total liabilities were CNY 4,337.819 billion, up 8.15% [3]. - Total deposits increased to CNY 2,381.699 billion, reflecting a growth of 10.71% [3]. Operational Performance and Financial Condition - The bank maintained a non-performing loan ratio of 1.55%, which is a decrease of 0.05 percentage points from the end of the previous year [3]. - The provision coverage ratio stood at 143.30%, down 18.59 percentage points compared to the previous year-end [3]. - The bank's strategic focus on high-quality development has led to positive outcomes despite the decline in profits [3].

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report analyzes 132 regional banks in the Sichuan-Chongqing area, highlighting the growth and structural changes in the banking sector [6][27] - The asset growth rates of major city commercial banks in the region are higher than those of listed city commercial banks, indicating a robust expansion [38] - Profitability metrics show that city commercial banks in the region have lower ROE compared to listed banks, while rural commercial banks outperform them [6][27] - Asset quality is slightly weaker in regional banks compared to listed banks, with higher non-performing loan ratios [6][27] Summary by Sections Economic Structure Analysis - Sichuan province is positioned as a key driver for western development, with a focus on enhancing the Chengdu-Chongqing economic circle [13][14] - In 2025, Chengdu's GDP is projected to account for 38.7% of the province's total, with significant growth in various sectors [15] Banking Sector Overview - The Sichuan-Chongqing region has 132 commercial banks, including 14 city commercial banks, 65 rural banks, and 51 rural commercial banks [27] - The asset growth rates for major city commercial banks in the region are 15.6% and 18.2%, surpassing the 14.2% growth of listed city commercial banks [38] Asset and Liability Structure - The proportion of loans to total assets has been increasing since 2016, with city commercial banks in Sichuan projected to have a loan ratio of 56.1% by 2024 [38][40] - The financial investment ratio for city commercial banks is on a downward trend, with a slight recovery noted in the first half of 2025 [40][46] Profitability and Asset Quality - The average ROE for city commercial banks in the region is 10.97%, lower than the 11.99% average for listed city commercial banks [6][27] - Non-performing loan ratios for city commercial banks in the region are higher than those of listed banks, indicating potential asset quality concerns [6][27] Capital Adequacy - Capital adequacy ratios for regional banks are comparable to those of listed banks, providing a safety margin for operations [6][27]

Group 1 - Jia Mei Packaging announced that the capital operation plan related to Magic Atom will be completely independent of the listed company, with no injection plan [2] - Shuangliang Energy indirectly participates in commercial aerospace projects but does not have direct cooperation with SpaceX [2] - Zhangyue Technology expects that the revenue from its AI short drama business in 2025 will not exceed 1% of its total annual revenue [2] Group 2 - Xianglu Tungsten stated that significant economic fluctuations in the countries of its main customers could greatly impact the demand for tungsten products and the recovery of accounts receivable [3] - United Optoelectronics signed a business cooperation framework contract with Lingzhi Cloud Creation to provide assembly and processing services for robot products [4] - Hanbo High-tech's subsidiary plans to acquire assets to layout the wet electronic chemicals industry [4] Group 3 - International Composite Materials confirmed that electronic-grade glass fiber is a key raw material for PCBs and that its operations are normal [5] - Jingrui Electric Materials plans to invest 600 million yuan to build a comprehensive base for key materials in the integrated circuit manufacturing industry in the western region [6] - Wenzhou Hongfeng intends to raise no more than 450 million yuan for the expansion of lithium battery copper foil and electronic copper foil projects [7] Group 4 - Zhi Chuang Data plans to procure servers from multiple suppliers, with a total expected amount not exceeding 11 billion yuan [8] - Zhangyuan Tungsten reported that its current operating conditions and external environment are normal, with no undisclosed significant matters [17] - Yida Co. plans to adjust the technical reform project for the production of 220,000 tons of epoxy propylene derivatives [19] Group 5 - Huazhong Bank reported a net profit of 27.2 billion yuan for 2025, a decrease of 1.72% year-on-year [27][28] - Jin Dike reported a net loss of 173 million yuan for 2025, despite a revenue increase of 40.13% [29] - Luan An Huan Neng reported a 16.8% year-on-year increase in coal sales in January 2026 [30]

Core Viewpoint - Huaxia Bank reported a decline in both operating income and net profit for the fiscal year 2025, indicating potential challenges in its financial performance [2] Financial Performance - The company achieved operating income of 91.914 billion yuan, a year-on-year decrease of 5.39% [2] - The net profit attributable to shareholders was 27.2 billion yuan, reflecting a year-on-year decline of 1.72% [2]

Group 1 - The core mission of Huaxia Bank Qingdao Branch is to empower the real economy, serve the public, and ensure steady progress by integrating deeply into local needs and aligning with national strategies [2] - The bank emphasizes the importance of Party leadership in its operations, organizing various activities to enhance member engagement and service performance [2] - Huaxia Bank Qingdao Branch has established a "Red Alliance" by connecting government, enterprises, universities, and communities to leverage political and organizational advantages for business development [2] Group 2 - The bank collaborates with a well-known manufacturing enterprise in Qingdao to explore a new model of "Party Building + Finance + Industry," providing customized financial services to support technological upgrades and capacity expansion [3] - Huaxia Bank Qingdao Branch aligns its services with the city's development strategy, injecting financial resources into local economic growth [4] Group 3 - In the field of technological innovation, the bank actively participates in initiatives like the "Lighthouse Action" and offers specialized products to support tech enterprises throughout their development stages [5] - The bank responds to the national "dual carbon" strategy by integrating green finance with Qingdao's marine economy, supporting clean energy and environmental protection projects [5] - Huaxia Bank Qingdao Branch provides comprehensive cross-border financial services to facilitate local enterprises' international operations and supports the construction of the Shandong Free Trade Zone [5] Group 4 - The bank prioritizes financial services for the public, enhancing service quality and ensuring consumer rights protection while expanding services for vulnerable groups [6] - Regular financial literacy education activities are conducted to improve public financial awareness and safeguard consumer interests [6] Group 5 - Looking ahead, Huaxia Bank Qingdao Branch aims to deepen its commitment to Party leadership, allocate more resources to key industries, and enhance digital transformation using advanced technologies [7] - The bank is focused on building a robust risk management system to ensure sustainable and healthy business development [7] - The bank is dedicated to writing a new chapter in sustainable and high-quality financial development in Qingdao through innovative and practical actions [7]

Group 1 - The core point of the article is that Huaxia Bank reported a total profit of 34.174 billion yuan for 2025, which represents a decrease of 4.75% compared to the previous year [1] - The net profit attributable to shareholders of the listed company was 27.200 billion yuan, reflecting a decline of 1.72% year-on-year [1]

Group 1 - Fuda Alloy's controlling shareholder Wang Dawu plans to reduce his stake by up to 3% of the company's total shares, amounting to a maximum of 406.34 million shares, due to personal funding needs [1] - ST Songfa's subsidiary signed contracts for the construction of 17 vessels, with a total contract value between 1.6 billion to 1.8 billion USD [2] - Pairui Co. signed a technical cooperation agreement with a university to develop large-capacity power semiconductor devices and related power electronic modules, effective for three years [3] Group 2 - Shuangliang Energy indirectly participates in commercial aerospace projects, supplying heat exchangers for SpaceX's fuel production system, with orders totaling approximately 1.39 million CNY [4] - Hangya Technology plans to issue convertible bonds to raise up to 600 million CNY for various projects, including an intelligent manufacturing base in Malaysia [5] - Yuhua Development is publicly selling assets with a base price of 251 million CNY for residential properties [6] Group 3 - Penghui Energy plans to invest 2.1 billion CNY in a new battery production project in Zhengyang County, Henan Province, focusing on high-performance battery products [7] - Haige Communication's shareholder Yang Haizhou intends to reduce his stake by up to 0.1624% of the company's total shares [8] - Yaoshi Technology's controlling shareholder pledged 5.13% of shares to repay loans, with a pledge period from February 10, 2026, to February 2, 2027 [9][10] Group 4 - Hanyu Pharmaceutical received FDA approval for its drug Acetate Glatiramer Injection, used for treating relapsing multiple sclerosis [11] - Baiyao Tai's GoliMab Injection received EMA approval for various indications, including rheumatoid arthritis and ulcerative colitis [12] - Jiangxi Tungsten Equipment plans to issue A-shares to raise up to 1.882 billion CNY for acquisitions [13] Group 5 - Hesong New Materials expects to recognize asset impairment provisions between 23.6 million to 28.5 million CNY for 2025 [14] - ST Meichen's subsidiary is involved in two major lawsuits with a total amount of approximately 31.9 million CNY [15] - China Coal Energy reported a 7.3% year-on-year decline in coal sales for January 2026, with total sales of 20.05 million tons [16] Group 6 - Yida Co. plans to adjust its epoxy propylene derivative project, reducing the total investment from 845 million CNY to 642 million CNY [17] - Fosun Pharma's subsidiary received approval for a clinical trial of HLX15-SC for multiple myeloma treatment [18][19] - Yinfeng Communication's board members and executives have terminated their share reduction plan [20] Group 7 - Huazhong High-tech has waived its preferential purchase rights for a fund, extending the investment period from three to four years [21] - Warner Pharmaceuticals plans to participate in a national drug procurement program, with expected sales of 176 million CNY [22] - Changling Hydraulic announced a tender offer to acquire 12% of its shares at a price of 35.82 CNY per share [23] Group 8 - ST Chuan Zhi's stock may face delisting due to financial data falling below regulatory thresholds [24] - Tian Pharmaceutical and its subsidiaries are participating in a national drug procurement program, with expected sales of 323 million CNY [25] - China Metallurgical Group signed new contracts worth 73.65 billion CNY in January 2026 [26] Group 9 - Torus plans to invest 21.2 million CNY in a venture capital fund focused on artificial intelligence [27] - Shangwei Co. received a government subsidy of 1.764 million CNY, representing 10.79% of its net profit for 2024 [28] - Hanghua Co. reported a 21.97% decline in net profit for 2025, with total revenue of 1.249 billion CNY [29] Group 10 - Huaxia Bank reported a 1.72% decline in net profit for 2025, with total revenue of 91.914 billion CNY [30] - Guotou Fengle plans to transfer 51% of its stake in Hubei Fengle Ecological Fertilizer to optimize management [31] - Huaru Technology is co-investing in a fund with a total commitment of 20 million CNY [32] Group 11 - Jindike reported a loss of 173 million CNY for 2025, despite a 40.13% increase in revenue [33] - Zhenong Co. announced a 0.52% increase in shares held by a major shareholder [34] - Maike Audi plans to recognize asset impairment provisions of approximately 52.55 million CNY [35] Group 12 - Fuan Pharmaceutical's subsidiary is expected to be selected for a national drug procurement program, with projected sales of 680 million CNY [36] - Rundu Co. is participating in a national drug procurement program, with some products expected to be selected [37] - Changqing Co. has postponed its large-scale die-casting project to March 2027 due to customer requirements [38] Group 13 - Pan Asia Micro透 received a patent for a graphene-based automotive headlight defogging device [39] - Luan An Huan Neng reported a 17.1% increase in raw coal production for January 2026, totaling 5 million tons [40] - Guangji Pharmaceutical received a drug registration certificate for Mecobalamin Tablets [41] Group 14 - Ruifeng New Materials announced the resignation of its deputy general manager for personal reasons [42] - Zhiguang Electric's subsidiary signed a procurement contract for energy storage equipment worth 210.4 million CNY [43] - Youyan Powder Materials reported a 19.41% increase in net profit for 2025 [44] Group 15 - Jincheng reported a 22.2% increase in net profit for 2025, with total revenue of 253 million CNY [46]

Core Viewpoint - Huaxia Bank (600015.SH) reported a decline in both operating income and net profit for the fiscal year 2025, indicating potential challenges in its financial performance [1] Financial Performance - The group achieved operating income of 91.914 billion yuan, a year-on-year decrease of 5.39% [1] - The net profit attributable to shareholders of the listed company was 27.2 billion yuan, reflecting a year-on-year decline of 1.72% [1] Asset Quality - The non-performing loan ratio at the end of the reporting period was 1.55%, which is a decrease of 0.05 percentage points compared to the end of the previous year [1] - The provision coverage ratio stood at 143.30%, down 18.59 percentage points from the end of the previous year [1]

责任编辑：曹睿潼 2月11日金融一线消息，华夏银行发布2025年度业绩快报。数据显示，报告期内，集团实现利润总额 341.74亿元，比上年下降4.75%；实现归属于上市公司股东的净利润272.00亿元，比上年下降1.72%。资 产总额47，376.19亿元，比上年末增长8.25%；贷款总额25，666.66亿元，比上年末增长8.47%。负债总 额43，378.19亿元，比上年末增长8.15%；存款总额23，816.99亿元，比上年末增长10.71%。 2月11日金融一线消息，华夏银行发布2025年度业绩快报。数据显示，报告期内，集团实现利润总额 341.74亿元，比上年下降4.75%；实现归属于上市公司股东的净利润272.00亿元，比上年下降1.72%。资 产总额47，376.19亿元，比上年末增长8.25%；贷款总额25，666.66亿元，比上年末增长8.47%。负债总 额43，378.19亿元，比上年末增长8.15%；存款总额23，816.99亿元，比上年末增长10.71%。 报告期末，集团不良贷款率1.55%，比上年末下降0.05个百分点；拨备覆盖率143.30%，比上年末下降 18.59个百分点。 | ...

A 股代码：600015 A 股简称：华夏银行 编号：2026-04 2、2025年6月及9月，本行分别向永续债持有人支付利息人民币9.84亿元及4.46亿元，共 计14.30亿元。在计算基本每股收益及加权平均净资产收益率时，本行考虑了支付永续债利 息的影响。 1 二、经营业绩和财务状况情况说明 华夏银行股份有限公司2025年度业绩快报公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 本公告所载2025年度主要财务数据为华夏银行股份有限公司（以下简称"本 行"）初步核算的集团口径数据，未经会计师事务所审计，具体数据以本行2025 年年度报告披露的数据为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：人民币百万元 | 项目 | 年 2025 | 年 2024 | 增减变动幅度（%） | | | --- | --- | --- | --- | --- | | | （未经审计） | （经审计） | | | | 营业收入 | 91,914 | 97,146 | | -5.39 | | 营业利润 | 34,28 ...