On April 29, 2025, China Construction Bank Corporation (Stock code: SH: 601939; HK: 00939) ("CCB") reported operating results of the first quarter of 2025 (The following data for the Group were prepared in line with International Financial Report Standard and denominated in RMB). CCB conscientiously implemented the decisions and arrangements of the CPC Central Committee and the State Council, stayed true to the general principle of pursuing progress while ensuring stability, firmly grasped the primary task of high-quality development, actively integrated itself into the overall situation of reform deepening, actively served to develop a new development pattern, optimized financial supply, guarded the bottom line of risks, accelerated the exploration of connotative and intensive development paths in a low-interest rate environment, continuously optimized its business structure and operated in a stable and orderly manner.

Key indexes remained balanced and coordinated. As of March 31, 2025, the total assets of CCB amounted to RMB42.79 trillion, up by RMB2.22 trillion or 5. 48% over the end of the previous year. The total liabilities amounted to RMB39.38 trillion, up by RMB2.16 trillion or 5.79% over the end of the previous year. It took RMB30.43 trillion of deposits, up by RMB1.72 trillion or 5.99% over the end of the previous year. Net profit reached RMB83.742 billion. It had a net interest margin of 1.41%, an annualised return on average assets of 0.80%, an annualised weighted average ROE of 10.42%, a capital adequacy ratio of 19.15%, a Tier 1 capital adequacy ratio of 14.67% and a core Tier 1 capital adequacy ratio of 13.98%, keeping the superior level among peers. The NPL ratio was 1.33%, 0.01 percentage points lower than the end of the previous year. The provision coverage rate was 236.81%, representing an increase of 3.21 percentage points as compared with the end of the previous year. The asset quality remained stable.

Served the entity economy more effectively. CCB precisely nourished the development of key sectors, key areas and weak links, acting as the main force in effectively serving the entity economy. The total amount of loans and advances was RMB27.02 trillion, up by RMB1.18 trillion or 4.55% over the end of the previous year. The financial investments amounted to RMB11.31 trillion, up by RMB0.62 trillion or 5.83% over the end of the previous year. CCB improved the quality and efficiency of serving the coordinated regional development strategy, built a new mechanism for cross-regional cooperation and development, increased resource investment, allocated preferential policies and formulated financial service plans to support the Guangdong-Hong Kong-Macao Greater Bay Area, the Grand Development of West China and the development of Chengdu and Chongqing. It promoted the development and growth of new quality productive forces, accelerated the development of specialized institutions of technology finance and strengthened the comprehensive service of "stock, loan, debt and insurance". It cooperated with local state-owned investors and nongovernmental investors; became the first large state-owned commercial bank to complete the signing of a strategic cooperation agreement on a secondary market fund for venture investment (S fund) with a scale of RMB10 billion. It launched 3 pilot projects of M&A loans for hi-tech enterprises, with a lending scale of RMB52.99 million, covering pilot cities like Suzhou, Nanjing and Hefei. It greatly supported the increase of domestic consumptions; facilitated the large-scale updating of equipment and consumable trade-in; the balance of medium and long-term loans to the manufacturing industry was RMB1.79 trillion, an increase of RMB167.146 billion or 10.31% from the beginning of the year. It issued a special action plan to elevate the comprehensive financial services covering all fronts of consumption. The balance of personal consumption loans, including credit cards, was RMB1.6146 trillion. It completed 480 million e-CNY transactions in total, with a cumulative consumption amount of RMB101.557 billion. It vigorously supported the high-quality development of the private economy, issued an action plan in 2025 and clarified 16 specific measures. The balance of the loans to private enterprises reached RMB6.47 trillion, up by 7.92%. It promoted the development of a work mechanism to support coordinated financing for small and minisize enterprises and served nearly 1.2 million clients cumulatively.

Integrated development of five major financial measures. CCB strengthened general services of technology finance, with a balance of over RMB4 trillion in technology-related industrial loan. The balance of the loans to the strategic emerging industries was RMB3.34 trillion, up by 17.14% over the end of the previous year. It underwrote 20 issues of sci-tech innovation notes, with an underwriting scale of RMB6.202 billion. It enriched the product spectrum of green finance. It had a balance of RMB5.64 trillion in green loans, up by 13.18% over the balance of the same caliber in the beginning of the year. The supply of inclusive finance credit grew steadily, and the balance of loans to the inclusive small and minisize enterprises reached RMB3.63 trillion, up by 221.981 billion over the end of the previous year. It enriched the agriculture-related credit product system and service scenarios; developed service modes for agriculture-related "rings, chains and groups"; and had an agriculture-related loan balance of RMB3.56 trillion, an increase of RMB231.063 billion over the end of the previous year. CCB promoted the development of the pension finance service system in an all-around way and consolidated the foundation for the development of pension finance. The scale of two pillar assets of CCB pension fund exceeded RMB630 billion; aggressively developed "niche-market championship" products in the pension finance; and contributed to the value preservation and appreciation of pension funds. It facilitated digitalization and intelligentization reforms; promoted the application of artificial intelligence; improved the development of big financial model; and enhanced the enabling effects of digitalization. The total number of mobile banking and CCB Life "Dual" users reached 527 million users. The balance of the loans to support the core industry of the digital economy amounted to RMB835.093 billion, up by 11.14% over the end of the previous year.

Strengthened the group’s integrated risk prevention and control. CCB firmly stuck to the bottom-line policy of systematic financial risk prevention; promoted the development of an all-around risk management system; fully availed the concerted risk control mechanism of the foreground, middleground and background; continuously improved risk operation ability; and strengthened penetrated differential management of subsidiaries and overseas facilities. It strengthened "trans-period" management and control of asset quality; addressed risks in key sectors of real estate and local governmental debt in a stable and orderly manner; improved the intensive prevention and control mechanism for the inclusive and retailing loan sectors; increased the quality and efficiency of bad debt disposal; kept various risks under general control; and stabilized the operational quality of assets.

      This year, China's economy shows a positive trend and social confidence keeps being boosted, with high-quality and solid improvements. However, the foundation for sustained recovery and improvement still needs to be strengthened for the increasing impact of external shocks. Facing the complicate external environment, CCB will practically align thoughts and actions with the CPC Central Committee's scientific judgment of the current economic situation and the decision-making and arrangements of the economic work; make further efforts to enhance "three abilities"; fully implement the spirit of the 20th National Congress of the Communist Party of China and the 2nd and 3rd plenary meetings of the 20th Central Committee of the Communist Party of China as well as the spirit of the Central Economic Work Conference and the Central Financial Work Conference; continuously make corrections in response to problems identified during patrol inspection, auditing and supervision by relevant central administrations; solidly study and train on spirits of eight regulations of the Central Government; consolidate and deepen theme education and party discipline training; stick to primary responsibilities and businesses; strengthen development confidence; and spare no efforts to promote the high-quality development for new achievements.