China Minsheng Bank (MINSHENG BANK) released audited 2025 results. Operating income rose 4.92% year-on-year to RMB 139.68 billion, driven by a 1.46% lift in net interest income to RMB 100.13 billion and a 14.86% jump in net non-interest income to RMB 39.55 billion.

Net profit attributable to equity holders fell 5.37% to RMB 30.56 billion as credit impairment losses increased 18.64% to RMB 53.95 billion. Basic earnings per share came in at RMB 0.63.

Total assets edged up 0.23% to RMB 7.83 trillion, while total loans slipped 0.45% to RMB 4.43 trillion. Retail loans declined 5.13%, whereas general corporate loans grew 6.66%.

Asset quality remained broadly stable: the non-performing loan ratio stood at 1.49%, up 0.02 percentage point; the allowance coverage ratio was 142.04%.

Net interest margin improved by 1 basis point to 1.40%, supported by a 40 basis-point fall in deposit costs to 1.74%.

Capital adequacy stayed above regulatory minima: the core tier-1, tier-1 and total capital adequacy ratios were 9.38%, 11.47% and 13.06% respectively. Liquidity coverage ratio was 135.60%.

The board proposes a final cash dividend of RMB 0.53 per 10 shares (tax inclusive). Together with the interim dividend of RMB 1.36 per 10 shares already paid, full-year cash distribution totals RMB 1.89 per 10 shares, equal to RMB 8.27 billion and a 30.14% payout of 2025 ordinary-share profit.

Strategically, the bank highlighted advances in green finance (green loan balance RMB 358.23 billion, +20.29%), inclusive finance and digital transformation. The balance of inclusive SME loans reached RMB 677.61 billion, up 2.25%.

During the year the bank issued RMB 10 billion green financial bonds, RMB 20 billion and RMB 6 billion financial bonds, RMB 40 billion tier-2 capital bonds and RMB 30 billion perpetual bonds to bolster funding mix and capital.

Management noted steady asset-quality trends and stated that the lender remains focused on “serving the real economy” and “optimising structure, controlling risks, and enhancing value creation.”