In the first three quarters of 2025, Bank of Qingdao's net profit attributable to shareholders exceeded Qilu Bank's by RMB 29 million, while Qilu Bank's loan loss provision coverage ratio was 81.46 percentage points higher than Bank of Qingdao's.

Among Shandong's listed city commercial banks, two institutions have shown particularly strong performance growth during this period. Bank of Qingdao and Qilu Bank ranked first and second respectively among 17 listed city commercial banks in terms of net profit growth, with increases of 15.54% and 15.14%.

Historically, Bank of Qingdao's revenue has consistently surpassed Qilu Bank's, but its net profit lagged behind until the first half of this year. By the third quarter, Bank of Qingdao maintained its lead with a RMB 29 million advantage in net profit.

Notably, while Bank of Qingdao leads in net profit, Qilu Bank demonstrates stronger growth in net interest income and loan expansion. As of November 24, 2025, Bank of Qingdao's year-to-date stock price increase of 26.05% ranks second among 42 listed banks, while Qilu Bank's 11.59% gain places it eighteenth.

**Profit Performance:** Bank of Qingdao reported Q3 2025 revenue of RMB 110.13 billion (up 5.03% YoY) and net profit of RMB 39.92 billion (up 15.54% YoY). Qilu Bank recorded RMB 99.24 billion in revenue (up 4.63% YoY) and RMB 39.63 billion net profit (up 15.14% YoY), marking Bank of Qingdao's first quarterly net profit lead.

Bank of Qingdao achieved a net profit margin of 37.45%, a 3.5 percentage point annual improvement reaching a decade high. Its net interest margin stood at 1.68% (down 0.05 percentage points YoY), still 0.14 percentage points above Qilu Bank's 1.54% (up 0.03 percentage points YoY).

**Income Structure:** Bank of Qingdao's interest income grew 12% to RMB 81.39 billion (73.9% of total revenue), while non-interest income fell 10.72% to RMB 28.74 billion. Qilu Bank saw 17.32% growth in interest income (RMB 77.65 billion, 78.24% of revenue) but a 24.67% decline in non-interest income.

Both banks reported decreases in fee-based income and fair value losses, though Bank of Qingdao's investment income surged 89.23% versus Qilu Bank's 24.87% increase.

**Operational Metrics:** Qilu Bank maintains advantages in: - Loan growth: 13.6% vs Bank of Qingdao's 10.16% - Asset size: RMB 7.787 trillion (up 12.93%) vs RMB 7.656 trillion - Asset quality: 1.09% NPL ratio (vs 1.1%) with 351.43% provision coverage - Capital adequacy: 11.49% core tier-1 ratio (vs 8.75%)

**Shareholder Activity:** Qilu Bank's management has purchased RMB 3.15 million in shares (90% of planned buyback), while Bank of Qingdao's major shareholder acquired 243 million H-shares (4.18% stake) for RMB 956.79 million, increasing total holdings to 19.17%.