Bank of Qingdao Co., Ltd.
青岛银行
002948
Shenzhen Stock Exchange
Company Profile
Financial highlights ended on March 31th, 2025 are as follows: (1) Total assets amounted to RMB834.203 billion, representing an increase of RMB19.242 billion or 2.36% as compared with that at the end of last year; (2) Total loans to customers amounted to RMB419.448 billion, representing an increase of RMB56.319 billion or 16.53% as compared with that at the end of last year; (3) Total deposits from customers amounted to RMB502.899 billion, representing an increase of RMB22.439 billion or 5.65% as compared with that at the end of last year; (4) Operating income amounted to RMB4.342 billion, representing a year-on-year increase of RMB300 million or 7.43%; net profit attributable to shareholders of the Bank amounted to RMB1.524 billion, representing a year-on-year increase of RMB266 million or 21.16%; (5) Non-performing loan ratio was 0.96%, representing a decrease of 0.01 percentage point as compared with that at the end of last year; provision coverage ratio was 305.61%, representing an increase of 13.31 percentage points as compared with that at the end of last year; capital adequacy ratio was 12.43%, and core tier-one capital adequacy ratio was 8.70%; (6) Return on average total assets was 0.76%, representing an increase of 0.05 percentage point as compared with that in last year; (7) Basic earnings per share were RMB0.26, representing a year-on-year increase of RMB0.04; weighted average return on net assets was 14.63%, representing an increase of 1.40 percentage points as compared with that in last year.
Full description
The Bank’s business is based in Qingdao with in-depth penetration in Shandong Province. As at the end of 2025, there were 17 branches in major cities of Shandong Province such as Jinan, Yantai and Weihai. The total number of branch offices reached 206. In February 2025, the Liaocheng Branch officially opened, enabling the Bank to achieve a strategic layout covering all 16 cities in Shandong, building a group layout of “one body with two wings”, with banks as the main body and BQD Financial Leasing Company Limited (“BQD Financial Leasing”) and BQD Wealth Management Company Limited (“BQD Wealth Management”) as the two wings to expand comprehensive services. In February 2017, the Bank initiated the establishment of BQD Financial Leasing, which is 60% owned by the Bank. In September 2020, the Bank initiated the establishment of BQD Wealth Management, which is a wholly-owned subsidiary of the Bank.