The era of trillion assets: Changes in "quality" and strategic breakthroughs - Interpreting the value reshaping of HARBIN BANK (06138) in 2025.

In the current global financial environment, how can regional commercial banks find high-quality growth certainty under high base pressure? In 2025, HARBIN BANK (06138) provided a thick and logical answer. With the release of the latest annual performance report, this city commercial bank deeply rooted in the black soil not only crossed the threshold into the "trillion club" in terms of asset size, but also demonstrated strong resilience and transformative power in profit growth, risk control, and specialty businesses. This is not just a leap in numbers, but a profound practice of "long-termism" and "connotative growth," marking HARBIN BANK's official transition from past stabilization under pressure to a steady improvement and priority of benefits in a new development stage. From a macro perspective, 2025 is the closing year of the "14th Five-Year Plan" and a key node in the transition of China from a blueprint to reality as a financial powerhouse. In this year, HARBIN BANK keenly captured the redemptive dividends of regional economic recovery. By reshaping its asset-liability structure, the bank achieved double-digit growth in revenue and profits. Balancing scale and efficiency: structured reshaping under trillion volume Crossing the trillion asset mark is both a symbol of strength and a challenge for city commercial banks to manage with precision. As of December 31, 2025, HARBIN BANK's total assets officially exceeded one trillion, reaching RMB 10,193.4 billion, an increase of RMB 1,031.081 billion from the end of the previous year, a growth rate of 11.25%. This leap in numbers is not just a quantitative change in scale, but a qualitative change after restructuring the operational logic. Amid the industry trend of narrowing interest rate spreads between deposits and loans, HARBIN BANK achieved operating income of RMB 14.546 billion, an increase of 2.13% year-on-year; net profit reached RMB 1.2646 billion, a year-on-year increase of 16.83%; net profit attributable to shareholders of the parent company was RMB 1.1456 billion, showing an even higher growth rate of 24.56%. The "scissor gap" where profit growth far exceeds revenue growth reveals the bank's effectiveness in internal management finesse and cost control. In 2025, the bank's return on average equity rose to 1.13%, an increase of 0.44 percentage points from the previous year, signaling significant profitability enhancement. This signifies that HARBIN BANK is gradually moving away from its past growth path dependency towards a priority of benefit and connotative development model. Further scrutiny into its profit composition reveals the significant rise of non-interest income as an important driver of performance growth. During the reporting period, the bank achieved net fee and commission income of RMB 4.405 billion, a year-on-year increase of 19.86%, with significant growth in consulting and advisory fees, settlement fees, and agent service fees. Especially as wealth management transitions into deeper waters, the bank's Dingxiang Wealth brand continues to expand its influence, accumulating personal wealth product sales of RMB 737.76 billion. This enhanced role of intermediary business effectively counteracts the pressure from narrowing interest spreads. At the same time, HARBIN BANK actively optimized its liability maturity and cost structure, continuously solidifying its customer base. The average total balance of retail deposits in both domestic and foreign currencies reached RMB 5,055.524 billion, an increase of 7.1%, and the bank has maintained the top position in the regional market share in Harbin for eight consecutive years. This not only demonstrates a strong deposit absorption capacity but also provides a cost-appropriate and stable source of financial "living water" for its asset-side precision allocation. In terms of asset quality, HARBIN BANK persists in seeing "asset quality as a lifeline." Through proactive risk prevention and active disposal, the bank has successfully curbed signs of deteriorating asset quality. By the end of 2025, the group's non-performing loan ratio was 2.80%, a decrease of 0.04 percentage points from the end of the previous year; the coverage ratio was 198.26%, and the loan impairment provision ratio was 5.55%, maintaining a basic stability in risk mitigation capacity. In the face of a complex and changing economic environment, the bank has not only steadily resolved historical legacy issues but also, through intelligent risk monitoring platforms and a "dual-line parallel" supervisory mechanism, rigorously implemented tight access isolation to new risks, ensuring that business moves forward on a stable track. This reverence for risks and strict control has enabled HARBIN BANK to maintain the bottom line of avoiding regional and systemic financial risks while pursuing scale growth, laying a solid foundation of credit for its blueprint of high-quality development. Deepening real economy and digital twin-drive, constructing a "Northward Opening" financial new ecosystem If financial indicators are the "skeleton" of HARBIN BANK, then serving the real economy and embracing digital transformation are the "soul" that propels its dynamic growth. In 2025, HARBIN BANK, based on its financial origins, made meeting the needs of the real economy as the cornerstone of high-quality development. Its corporate loans totalled RMB 258.2793 billion, a significant increase of RMB 528.743 billion from the beginning of the year, accounting for 62.9% of the total loan amount. This growth is not blind expansion but closely follows national macro strategies and local industrial context. The bank focused on the "4567" modern industry system of Heilongjiang Province, increasing credit support for manufacturing, green finance, technology finance, and private small and micro enterprises. In particular, the balance of corporate industrial loans increased by 50.49%, and green finance loans achieved a staggering growth of 111.49%, effectively nurturing the innovative soil of Heilongjiang Province. As a local bank in Heilongjiang, HARBIN BANK has shown deep humanistic concerns in rural revitalization and inclusive finance. Through the iterative online agricultural loan product "Nong Shandai," based on big data, the bank has achieved full online processing of pre-spring farming loans, effectively overcoming the "last mile" challenge of rural financial services. Moreover, the innovative "New Agricultural Operating Entity Agricultural Property Rights Financing Loan" has realized "autumn harvest" loans for "spring planting," truly transforming the abundant agricultural resources of Heilongjiang into flowing financial capital. By the end of 2025, the group's agricultural loan balance exceeded RMB 30.4 billion, with its operations covering most rural markets in Heilongjiang and several important cities outside the province, becoming a robust financial force supporting comprehensive rural revitalization. Furthermore, the bank has deeply implemented the "Northward Opening" strategy, becoming the first legal person bank in Heilongjiang Province to access the China Payment and Settlement System in both domestic and foreign currencies in a direct participant capacity. The total volume of cross-border settlement transactions surpassed RMB 400 billion, providing strong cross-border settlement support for Harbin's construction as the "Northern Opening Capital." Digital transformation is another wing for HARBIN BANK to build future core competitiveness. In 2025, the bank carefully planned a three-year information technology plan, simultaneously building "ten major basic projects" to anchor its transition from a "digital HABANK" to an "intelligent HABANK." The successful launch of the new generation retail credit digital product "Qiantaojia" injected vitality into the consumer market with rapid services and full life-cycle digital operations, realizing personalized financial services. In the field of livelihood finance, the bank continues to deepen the social-bank collaboration service system, providing third-generation social security card issuance and replacement services to 1.7425 million residents, being the financial institution with the most comprehensive and widest coverage of social security services in Heilongjiang, truly giving financial services a "warmth." This deep integration of technology and business not only enhances operational efficiency but also reshapes customer experience, building a strong digital barrier for HARBIN BANK in future industry competition. Looking ahead to 2026, at the historical juncture of planning and layout for the "15th Five-Year Plan," HARBIN BANK has established a higher positioning. Guided by the "soul of development" of upholding the leadership of the Communist Party, the bank will continue to deepen its connotative development, optimize its asset-liability and customer structure, striving to become one of the top city commercial banks in the retail finance sector. With the continuous resolution of existing risks and the accelerated accumulation of new momentum, HARBIN BANK is entering a golden opportunity period for upgrading quality. In this transformation period, HARBIN BANK is not only a creator of data but also a deeply involved and value-empowering participant in the high-quality development of Heilongjiang's economy. For HARBIN BANK, the trillion mark is not the end but a clarion call for its vigorous writing of a new chapter in the modernization of Heilongjiang's financial practices.