Executive Summary
Weihai Bank delivered a solid QQ1 2025 with revenue of 1,265.91 million CNY and net income of 563.79 million CNY, translating to a net income margin of 44.54%. The quarter shows strong operating earnings as operating income equals gross profit at 1.2659 billion CNY, while total other income and expenses net a sizeable negative impact of -543.54 million CNY, resulting in income before tax of 722.37 million CNY. Net income benefited from tax expenses of 93.87 million CNY, producing a tax-adjusted bottom line that supports an EPS of 0.095 CNY. YoY and QoQ momentum is positive: revenue is up 6.09% year-over-year and 7.39% quarter-over-quarter; net income rises 4.94% YoY and 22.93% QoQ, with diluted EPS up 5.79% YoY and 61.84% QoQ. These figures point to durable earnings power, anchored by core operating earnings, though the substantial negative other income line introduces volatility and warrants close monitoring in subsequent quarters. Management commentary in the accompanying material is not included in the dataset, so the forward-looking view relies on disclosed metrics and prevailing industry dynamics for Chinese regional banks.
Key Performance Indicators
QoQ: 118.83% | YoY:71.75%
Key Insights
Revenue: 1,265,908,000 CNY (YoY +6.09%, QoQ +7.39%).
Gross Profit: 1,265,908,000 CNY (YoY +6.09%, QoQ +7.39%).
Operating Income: 1,265,908,000 CNY (YoY +71.75%, QoQ +118.83%).
Total Other Income/Expenses Net: -543,540,500 CNY (a material drag, representing approximately -43.0% of revenue).
Income Before Tax: 722,367,500 CNY (margin 57.06% of revenue).
Income Tax Expense: 93,873,500 CNY.
Net Income: 563,786,000 CNY (Net margin 44.54%).
EPS: 0.0950 CNY; EPS Diluted: 0.0950 CNY.
Weighted Average Sh...
Financial Highlights
Revenue: 1,265,908,000 CNY (YoY +6.09%, QoQ +7.39%).
Gross Profit: 1,265,908,000 CNY (YoY +6.09%, QoQ +7.39%).
Operating Income: 1,265,908,000 CNY (YoY +71.75%, QoQ +118.83%).
Total Other Income/Expenses Net: -543,540,500 CNY (a material drag, representing approximately -43.0% of revenue).
Income Before Tax: 722,367,500 CNY (margin 57.06% of revenue).
Income Tax Expense: 93,873,500 CNY.
Net Income: 563,786,000 CNY (Net margin 44.54%).
EPS: 0.0950 CNY; EPS Diluted: 0.0950 CNY.
Weighted Average Shares: 5,934,589,473.
Net Income Margin: 44.54%; Gross Profit Margin: 100.0% as reported; Operating Income Margin: 100.0% as reported.
YTD momentum indicators show revenue and net income growth with a notable drag from other income/expenses that requires monitoring for sustainability.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
1.27B |
6.09% |
7.39% |
| Gross Profit |
1.27B |
6.09% |
7.39% |
| Operating Income |
1.27B |
71.75% |
118.83% |
| Net Income |
563.79M |
4.94% |
22.93% |
| EPS |
0.10 |
5.79% |
61.84% |
Management Commentary
Note: No earnings-call transcript was provided in the dataset. Consequently, no management quotes or transcript-driven themes can be quoted or analyzed directly. If a transcript becomes available, the following themes are typically relevant and should be incorporated: (1) strategy updates on retail and SME loan growth, (2) commentary on net interest income trends and funding costs, (3) commentary on credit quality and asset quality indicators, (4) cost control and digital banking initiatives, (5) competitive landscape in regional banking and regulatory expectations.
Forward Guidance
No formal forward guidance was disclosed in the provided materials. Given the quarterly data, investors should consider a baseline scenario where core earnings (operating income) remain supported by stable fee-based income and cost discipline, while sensitivity to other income volatility persists. Potential catalysts include: (a) improved loan growth in retail and SME segments aided by digital channels, (b) stabilization or expansion of net interest income in a rising or stable interest rate environment, (c) continued diversification of non-interest income streams to mitigate volatility from other income lines. Key risks to monitor include macroeconomic headwinds in China affecting asset quality and loan demand, regulatory changes impacting capital and liquidity requirements, and competitive pressures from larger banks and fintech entrants. Without explicit forward targets, the investment thesis hinges on observable quarterly momentum and the bank’s ability to sustain earnings power amid macro uncertainty.