As of March 30th, the 2025 "performance reports" of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China have been released. During the reporting period, all six major banks achieved a "double increase" in revenue and net profit, with a total net profit of approximately 1.42 trillion yuan. The core operating indicators of multiple banks improved quarter by quarter. In 2025, in order to support the development of the real economy, the six major banks will further optimize the allocation of financial resources, and the loan growth rate in key areas such as technological innovation and inclusive small and micro enterprises will be higher than the average loan growth rate; The six major banks also heavily distribute dividends, giving back real money to investors, with a planned annual dividend amount exceeding 400 billion yuan. Looking ahead to the business development in 2026, the management of several major banks have positive expectations. By 2025, the six major banks will operate steadily, with both operating revenue and net profit achieving year-on-year growth. From a trend perspective, the core operating indicators of multiple banks have improved quarter by quarter, changing the situation where half of the major banks were "increasing revenue without increasing profits" in the middle of the year. Data shows that in 2025, the net profits attributable to shareholders of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China will increase by 0.7%, 3.2%, 2.18%, 0.99%, 2.18%, and 1.07% year-on-year, respectively; The operating revenue increased by 2.0%, 2.1%, 4.48%, 1.88%, 2.02%, and 1.99% year-on-year, respectively. Bank of China President Zhang Hui introduced that in 2025, the year-on-year growth rate of Bank of China's after tax profits and shareholders' entitled after tax profits will increase quarter by quarter, and net interest income will also improve quarter by quarter. Zhang Yi, the President of China Construction Bank, stated that in 2025, the bank's operating income has continued to grow positively since the second quarter, and the annual profit growth rate has been improving quarter by quarter, while the decline in net interest income has been narrowing quarter by quarter. Breaking down the composition of income, it can be seen that the net interest income of most large banks is still under pressure due to the low interest rate environment; Non interest income has become the main contributor to driving performance improvement. Among them, thanks to the development of wealth management and other businesses, the net income of handling fees and commissions of many large banks has steadily increased; Affected by the financial market situation, the investment income and other non interest income of several major banks have grown rapidly. In 2025, except for Bank of Communications, the net interest income of the other five major banks will all decline year-on-year, but the decline trend will slow down. As a key indicator affecting net interest income, the net interest margin of the six major banks has narrowed year-on-year. Regarding the net interest margin, ICBC stated that it was mainly affected by factors such as the reduction of loan market quoted interest rates (LPR) and changes in deposit term structure. Regarding the positive growth of net interest income in 2025, Zhang Baojiang, the President of Bank of Communications, stated that the bank has stabilized the revenue base of net interest income, and the decline in net interest margin is gradually stabilizing. Looking ahead to 2026, Bank of Communications stated that due to factors such as deposit repricing, the net interest margin can maintain a stable and positive trend. The net income from handling fees and commissions of the six major banks has all achieved positive growth, contributing to an increase in revenue. For example, in 2025, Postal Savings Bank's net income from fees and commissions increased by 16.15% year-on-year, and the bank's fee income from wealth management and investment banking businesses both achieved a year-on-year growth rate of over 30%. Looking ahead to 2026, Xu Xueming, Vice President of Postal Savings Bank of China, said that the growth of non interest bearing businesses has multiple favorable factors, including the recovery of external markets, as well as policies to expand domestic demand, promote consumption, and stabilize the stock market. In terms of other non interest income, several banks have seen impressive growth in investment returns. In 2025, the investment income of China Construction Bank increased by 129.18% year-on-year. Zhang Yi stated that the bank will strengthen market analysis, optimize investment strategies, and enhance trading capabilities. By 2025, the six major banks will provide more balanced credit allocation and continue to increase support for key areas. Loans in areas such as technological innovation, boosting consumption, and inclusive small and micro enterprises will grow rapidly. ICBC President Liu Jun stated that ICBC places greater emphasis on optimizing its investment structure and pace. By 2025, the loan balance will reach 67%, an increase of 3.6 percentage points year-on-year. Key areas such as manufacturing, strategic emerging industries, green and inclusive industries have maintained rapid growth, and the role of large banks as the main force serving the real economy has been effectively played. Take more practical measures to serve agriculture, rural areas, and rural revitalization. As of the end of 2025, the balance of county-level loans of Agricultural Bank of China will be 10.9 trillion yuan, with an increase of 1081.2 billion yuan and a growth rate of 11.0%, which is 2.1 percentage points higher than the average level of the whole bank; The balance accounts for 41.0% of domestic loans. It serves the "going out" of Chinese capital and the "introduction" of foreign capital. By the end of 2025, Bank of China has been jointly building more than 1400 corporate credit projects in the "the Belt and Road" countries, with an accumulated credit support of more than 439 billion dollars. The retail credit advantage of China Construction Bank has been consolidated. As of the end of 2025, the bank's domestic personal loans and advances reached 9.05 trillion yuan, an increase of 2.01% compared to the end of 2024; By 2025, the amount of personal housing loans and personal consumption loans will maintain a leading position in the industry; The customer base has been consolidated, serving 785 million individual customers and managing personal customer financial assets (personal AUM) exceeding 23 trillion yuan. Focusing on the key areas of Shanghai's home stadium construction, Bank of Communications will continue to increase its resource allocation to Shanghai and key regions in the Yangtze River Delta, maintain a high growth rate of deposits and loans in the region, and steadily improve profitability and profit contribution. The President of Postal Savings Bank of China, Mr. Reed, said that the company's business used to be a weakness of Postal Savings Bank of China, but it has developed rapidly in recent years. By the end of 2025, the total financing amount of Postal Savings Bank of China's corporate clients reached 6.79 trillion yuan; In the past two years, the company's revenue growth and deposit and loan growth have ranked among the top among state-owned banks. The quality of the six major banks' assets remains stable, with a large dividend payout. As of the end of 2025, the non-performing loan ratios of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China were 1.31%, 1.27%, 1.23%, 1.31%, 1.28%, and 0.95%, respectively. Except for Postal Savings Bank, the non-performing loan ratios of the other five major banks have all decreased compared to the end of last year. Lin Li, Vice President of Agricultural Bank of China, stated that the watershed for commercial banks in the next 2 to 3 years lies in their risk management capabilities. Agricultural Bank of China focuses on controlling new additions, building existing stocks, and strengthening foundations, achieving the "five highlights" of prudent and stable operation, systematic concept, development quality and efficiency, problem orientation, and bottom line thinking. In 2025, the Ministry of Finance will issue the first batch of special treasury bond of 500 billion yuan to support Bank of China, China Construction Bank, Bank of Communications and Postal Savings Bank to replenish core tier one capital, so that many big banks can "replenish blood". Overall, the capital adequacy of the six major banks is stable, and their ability to serve the real economy and resist risks has further improved. As of the end of the reporting period, the core tier one capital adequacy ratios of ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China reached 13.57%, 11.08%, 12.53%, 14.63%, 11.43%, and 10.53%, respectively. Tian Fenglin, Secretary of the Board of Directors and Senior Business Director of ICBC, said that ICBC will carry out capital replenishment in an orderly manner in 2026 and has formulated a new round of capital and TLAC tool issuance plan. While maintaining steady growth in performance, the six major banks continue to distribute dividends in a "generous" manner. According to the comprehensive annual report data, the six major banks plan to distribute dividends of 427.424 billion yuan for the whole year of 2025. Specifically, including the mid-term dividends already distributed, ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China plan to pay dividends of 110.593 billion yuan, 87.321 billion yuan, 72.917 billion yuan, 101.684 billion yuan, 28.692 billion yuan, and 26.217 billion yuan respectively for the full year of 2025. (New Society)