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　　瑞银发布研报称，中国银行（03988）2025财年第一季净利润同比下降2.9%，略低于瑞银预期，并落后于农业银行（01288）和交通银行（03328）。尽管如此，中行在国有内银中实现最强的收入增长。然而，营运费用大幅增加9.8%，弱于瑞银预期；有效税率同比上升3.5个百分点至20%，远高于瑞银预期。瑞银估计，市场对中行首季业绩的反应为中性至略为正面。该行对其目标价4.7港元，给予“买入”评级。

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