China Wantian Holdings (1854) investor relations material

Executive summary

• Achieved net profit of RMB292.0 billion in 2025, up 3.3% year-over-year, with operating income of RMB725.1 billion, up 1.9%.

• Total assets reached RMB48.8 trillion, up 12.8% from the previous year; total loans grew 8.9% to RMB27.13 trillion.

• Asset quality remained sound with a non-performing loan (NPL) ratio of 1.27%, down 3 bps year-over-year.

• Maintained a capital adequacy ratio of 17.93% and a cash dividend payout ratio above 30%.

Financial highlights

• Net interest income was RMB569.6 billion, down 1.9% year-over-year due to lower market rates.

• Net fee and commission income rose 16.6% to RMB88.1 billion, driven by wealth management and agency distribution.

• Operating expenses increased 5.4% to RMB275.4 billion; cost-to-income ratio rose to 35.18%.

• Credit impairment losses decreased 2.8% to RMB127.2 billion.

• Return on average total assets was 0.63%; return on weighted average net assets was 10.16%.

Outlook and guidance

• 2026 marks the start of the 15th Five-Year Plan, with focus on rural revitalization, real economy support, and risk management.

• Plans to increase credit supply to key sectors, enhance digital and AI-driven services, and maintain strong risk controls.

• Expects stable economic growth in China, with continued policy support for infrastructure, consumption, and technology.