Bank of Communications Co., Ltd. released its 2025 annual report and related AGM materials, highlighting steady profit growth, resilient asset quality and a maintained dividend payout.
Financial Performance • Net profit attributable to shareholders increased 2.18% year-on-year to RMB95.62 billion, while earnings per share slipped to RMB1.08. • Net operating income grew 2.05% to RMB265.60 billion, driven by a 1.91% rise in net interest income (RMB173.08 billion) and a 3.44% lift in net fee and commission income (RMB38.18 billion). • Return on average assets and return on weighted-average equity were 0.63% and 8.38%, down 0.02 and 0.70 percentage points respectively. • Cost-to-income ratio improved 0.60 percentage points to 29.30%.
Balance-Sheet Highlights • Total assets reached RMB15,548.39 billion, up 4.35%; customer loans expanded 6.64% to RMB9,123.57 billion; customer deposits rose 5.77% to RMB9,307.82 billion. • Non-performing loan ratio edged down 0.03 percentage points to 1.28%, while provision coverage strengthened to 208.38%. • Capital adequacy ratio stood at 15.96%; tier-1 and core tier-1 ratios improved to 12.70% and 11.43% respectively.
Profit Distribution • The Board proposes a final cash dividend of RMB1.684 per 10 shares. Together with the interim dividend of RMB1.563, full-year dividends total RMB3.247 per 10 shares, equivalent to a cash payout of RMB28.69 billion and 30.0% of attributable net profit. • Record date for H-share holders is 9 July 2026, with payment expected on 14 August 2026.
2026 Budget & Capital Allocation • Planned fixed-asset investment is capped at RMB4.07 billion, down 10.68% year-on-year. About 78.61% is earmarked for information-technology projects, including data-centre completions in Shanghai Pujiang, Helinger and Gui’an.
Governance & Other Resolutions • KPMG Huazhen LLP and KPMG are nominated as 2026 auditors at an aggregate fee of RMB45.26 million. • Appointment of Mr. Jin Panshi and Ms. Pan Yanhong as independent non-executive directors will be put to a vote. • 2024 director remuneration shows Chairman Ren Deqi received RMB1.15 million, while independent directors each earned RMB310,000-330,000. • The AGM is scheduled for 26 June 2026 in Shanghai.
Shareholders will vote on all proposals, including the 2025 financial statements, profit distribution and director appointments, via poll at the upcoming AGM.
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