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<Research>UBS: CITIC BANK (00998.HK) 2025 Results Largely in Line
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CITIC BANK (00998.HK) announced a shareholder net profit of RMB70.6 billion for FY2025, representing a YoY growth of 3%, largely in line with the preliminary forecast released in mid-January, UBS released a research report saying. This implies a YoY net profit incline of 2.85% for 4Q25. Revenue decreased by 0.3% YoY to RMB212.6 billion, implying a YoY revenue hike of 9.7% for 4Q25, compared to a YoY decrease of 3.4% for 9M25. The strong revenue growth in 4Q25 was mainly driven by a 57.6% YoY increase in other non-net interest income, primarily supported by higher investment gains from bond sales and more operating lease income, as well as a 5% YoY incline in net fee income. Notably, CITIC BANK announced a dividend of RMB3.81 per 10 shares, implying a payout ratio for ordinary shareholders of 31.75%, setting a historical high, ahead of 30.5% for FY2024, the report added. AASTOCKS Financial News Website: www.aastocks.com |
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