Net profit is expected to increase by 6.3% in 2025! Huishang Bank strives to realize the A-share dream

On March 6, Huishang Bank Co., Ltd. (hereinafter referred to as “Huishang Bank”) released a positive profit forecast, disclosing preliminary unaudited performance data for 2025.

For 2025, the bank achieved operating income of approximately 37.67 billion yuan, a year-on-year increase of about 1.2%; net profit of approximately 16.93 billion yuan, a year-on-year growth of about 6.3%.

Huishang Bank announcement screenshot.

Regarding the positive performance in 2025, Huishang Bank stated: “This is mainly due to our commitment to serving the real economy, increasing credit issuance in key areas; optimizing asset structure, strengthening liability management; advancing non-performing asset disposal and risk mitigation, achieving significant results.”

Total assets surpass 2.3 trillion yuan

In terms of asset size, as of the end of 2025, Huishang Bank’s total assets exceeded 2.3 trillion yuan, a year-on-year increase of approximately 15.5%, significantly higher than the industry average; additionally, the non-performing loan ratio dropped to about 0.98%, with a non-performing loan reserve coverage ratio of approximately 278.8%, indicating continuous improvement in asset quality.

According to data released by the State Financial Regulatory Administration, supported by continued growth in credit issuance, China’s banking financial institutions’ total assets in domestic and foreign currencies reached 480 trillion yuan in 2025, a year-on-year increase of 8%. Among them, commercial banks’ total assets amounted to 414.8 trillion yuan, up 9%, accounting for 86.4% of banking financial institutions. Specifically, large commercial banks’ total assets in domestic and foreign currencies reached 210.8 trillion yuan, a 10.8% increase, accounting for 43.9%; joint-stock commercial banks’ total assets were 77.8 trillion yuan, up 4.8%, accounting for 16.2%; urban commercial banks’ total assets reached 66 trillion yuan, a 9.7% increase, accounting for 13.7%.

Huishang Bank emphasized that the above data are preliminary estimates, and actual performance may vary. Detailed information will be disclosed in the annual performance report to be published before the end of March 2026.

How far is “H+A”?

Official website information shows that Huishang Bank, born amid the wave of financial reform, is the first provincial bank in China to be jointly reorganized by city commercial banks and city credit cooperatives. On December 28, 2005, Huishang Bank was officially established through the merger of five city commercial banks and seven city credit cooperatives in Anhui Province.

On November 12, 2013, Huishang Bank was listed on the main board of the Hong Kong Stock Exchange, becoming one of the first domestic city commercial banks and the first in central China to list H-shares, with a share price of HKD 3.53.

As of the close on March 6, 2026, Huishang Bank’s stock price was HKD 3.75 per share, an increase of over 80% since the second half of 2024, maintaining a market value of over HKD 50 billion.

2026 marks the seventh year of Huishang Bank’s “H+A” plan. In January 2026, CITIC Securities and Guoyuan Securities released the “Progress Report on Huishang Bank’s Initial Public Offering and Listing Guidance Work (Issue 25)” (hereinafter referred to as the “Guidance Report”), which disclosed the guidance work from October to December 2025. The report shows that Huishang Bank still faces multiple unresolved issues in corporate governance, shareholding structure, and employee shareholding, including major shareholder disputes involving Jing Xinhua and Shanshan Holdings, and the issue of a single employee holding over 500,000 shares, which are major obstacles to A-share listing.

In terms of personnel, in August 2025, Huishang Bank announced that former Chairman Yan Chen resigned due to work transfer. To ensure smooth transition of the Strategic Committee and Risk Committee, President Kong Qinglong temporarily served as the director of the Strategic Committee.

Against the backdrop of steadily improving performance and asset quality, the question of when this leading city commercial bank in central and western China will realize its A-share dream and complete its dual listing in A+H shares has become a focus of industry attention.

Reported by: Nan Du · Wan Cai She Reporter Guan Yuhui