PSBC reported total assets of RMB 18.61 trillion as of end-September 2025, marking an 8.9% year-on-year increase. In the first three quarters, the bank achieved revenue of RMB 265.08 billion (up 1.82% YoY) and net profit of RMB 76.79 billion (up 1.07% YoY).
On October 30, non-executive director Han Wenbo resigned due to work reassignment. Notably, PSBC President Liu Jianjun, born in August 1965, has reached the retirement age of 60.
**Key Management Changes:** 1. Liu Min, former head of the bank’s labor union, transitioned to senior manager. 2. Li Xiaoliang, Shandong branch president, stepped down from executive roles. A veteran with stints as head of Hunan, Shaanxi, and Shandong branches since 2015, Li previously served as deputy head of Sichuan branch and deputy general manager of the credit management department. 3. Li Guangzheng, Qingdao branch president, succeeded Li Xiaoliang as Shandong branch head. Li Guangzheng previously led Xuchang and Nanyang branches before becoming Anhui deputy head in November 2020. 4. Wu Bin, Anhui deputy president, was appointed Xinjiang branch head, replacing Xu Junyi who moved to Heilongjiang branch. Wu earlier served as deputy head of Jinan branch and Linyi branch president. 5. Sun Peiyan, Beijing deputy president, transitioned to non-executive role. A marketing graduate from Massey University, Sun previously oversaw corporate banking in Ningxia and Beijing branches. 6. Dong Yaofeng, Shaanxi deputy president, was transferred as Jiangxi deputy president after leading Ankang and Hanzhong branches.
As of June 2025, PSBC operates 7,870 outlets, including 36 provincial-level branches, 325 prefecture-level branches, and 5,284 sub-branches.
**Operational Highlights:** - Net interest margin narrowed to 1.68% but remained the highest among China’s "Big Six" state-owned banks. - Net interest income fell 2.07% YoY to RMB 210.51 billion, while fee income rose 11.48% to RMB 23.09 billion. Other non-interest income surged 27.52% to RMB 31.48 billion, driven by diversified revenue strategies and bond/note trading gains. - Cost-to-income ratio improved to 57.40%, down 2.65 percentage points YoY, reflecting expense controls and adjusted deposit agency fees. - NPL ratio edged up 0.04 percentage points to 0.94% (lowest among peers), with provision coverage at 240.21%.
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