Minsheng Bank (01988.HK) released its first quarter financial results, with a net profit of 12.742 billion yuan, a year-on-year decrease of 5.13%.

Zhtng Cijng APP news, Minsheng Bank (01988.HK) released its first quarter performance in 2025, the group solidly promoted strategic execution, optimized operational management strategies, and promoted operational efficiency improvement, with net interest margin improving year-on-year and quarter-on-quarter, and operating income achieving year-on-year and quarter-on-quarter growth. During the reporting period, the group achieved operating income of 36.813 billion yuan, an increase of 2.54 billion yuan, a growth rate of 7.41% year-on-year; an increase of 2.183 billion yuan compared to the fourth quarter of the previous year, with a growth rate of 6.30%, achieving a good start. The improvement in profitability is mainly benefited from two factors: first, reasonable growth in quantity and effective improvement in price promote year-on-year growth in net interest income. During the reporting period, the group's daily average scale of interest-earning assets was 7,170.34 billion yuan, an increase of 109.278 billion yuan year-on-year, a growth rate of 1.55%; net interest margin was 1.41%, an increase of 3 basis points year-on-year; achieving net interest income of 24.866 billion yuan, an increase of 604 million yuan year-on-year, a growth rate of 2.49%. Second, key intermediary businesses and bond trading had a good start to drive non-interest net income growth. During the reporting period, the group achieved non-interest net income of 11.947 billion yuan, an increase of 1.936 billion yuan year-on-year, a growth rate of 19.34%. Among them, settlement and clearing fees income and custody and trustee fees income increased by 16.83% and 8.17% respectively year-on-year. At the same time, the group actively responded to changes in external risk situations, increased the disposal of non-performing assets, and net profit attributable to the bank's shareholders was 12.742 billion yuan, a decrease of 689 million yuan year-on-year, a decrease of 5.13%.