At the 2026 interim results conference held on September 4, Bank Of Qingdao Co.,Ltd. (002948) Chairman Jing Zailun attributed the bank's robust first-half performance to three primary factors. For the period, the bank reported operating revenue of RMB 8.364 billion, an increase of RMB 701 million year-on-year, representing growth of 9.15%. Net profit attributable to shareholders of the parent company reached RMB 3.619 billion, up RMB 554 million or 18.08% compared to the same period last year.
Firstly, the bank has consistently promoted balance sheet growth and structural optimization by expanding high-yield assets such as loans and financial investments, achieving a dynamic balance between volume and pricing. At the same time, it strengthened net interest margin management and reduced liability costs. This allowed interest income to grow while interest expenses remained relatively stable, leading to sustained growth in net interest income. In the first half of 2026, net interest income totaled RMB 6.164 billion, rising RMB 802 million or 14.97% year-on-year.
Secondly, leveraging its multi-license and qualification advantages, the bank actively developed light-capital businesses including transaction banking, wealth management, and underwriting, which correspondingly boosted fee income. For the reporting period, net fee and commission income amounted to RMB 1.071 billion, increasing RMB 264 million or 32.66% year-on-year.
Thirdly, the bank deepened refined expense management and strengthened credit risk cost control, resulting in a year-on-year decline in operating expenses. "
Overall, during the first half of 2026, the bank actively responded to operational challenges such as declining asset yields by expanding scale, adjusting structure, and reducing costs. Operating revenue growth outpaced operating expense growth, enabling steady growth in net profit," Jing Zailun remarked.
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