WEIHAI BANK Reports Q1 Net Profit of RMB743 Million

Stock News
Apr 29

WEIHAI BANK (09677) released a summary of its financial data for the first quarter of 2026. As of the end of March 2026, the group's total assets amounted to RMB528.355 billion, with total liabilities of RMB492.192 billion and owner's equity of RMB36.163 billion. For the first quarter of 2026, the group achieved a net profit of RMB743 million.

Regarding capital management, in accordance with the relevant provisions of the "Commercial Bank Capital Management Measures," the minimum requirements for various capital adequacy ratios for commercial banks are as follows: the core tier 1 capital adequacy ratio must not be lower than 7.5%, the tier 1 capital adequacy ratio must not be lower than 8.5%, and the capital adequacy ratio must not be lower than 10.5%. As of March 31, 2026, the group's net capital stood at RMB43.624 billion, net tier 1 capital was RMB34.806 billion, and net core tier 1 capital was RMB28.598 billion. The capital adequacy ratio was 12.90%, the tier 1 capital adequacy ratio was 10.29%, and the core tier 1 capital adequacy ratio was 8.46%, all of which continue to meet regulatory requirements.

As for the status of issued and outstanding capital instruments, as of the end of March 2026, the balance of the group's capital instruments was RMB10.7 billion. This included an outstanding balance of tier 2 capital bonds of RMB4.7 billion and an outstanding balance of perpetual capital bonds of RMB6.0 billion.

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