FITBI's Fiscal Snapshot: Modest Revenue Growth Amidst Profitability Challenges

Financial Report Performance

As of March 31, 2025, the total operating revenue of 53 Bank (FITBI) was RMB2.131 billion, up approximately 1.8% from RMB2.094 billion as of March 31, 2024. Despite a slight increase in operating revenue, both pre-tax profit and net profit decreased, indicating possible challenges in cost control.

Key Financial Data

1. The 1.8% YoY growth in total operating revenue reflects a slight growth achieved by the Company in the context of improved market demand.

2. The increase in net interest income from RMB1.384 billion to RMB1.437 billion indicates the importance of the growth in interest income to the total operating revenue.

3. The decrease in pre-tax profit and net profit suggests possible shortcomings in cost control, affecting overall profitability.

4. The improvement in market environment and the expansion of customer base may be important factors for the growth in total operating revenue.

Peer Comparison

1. Industry-wide analysis: The banking industry as a whole has generally shown growth in operating revenue in the context of economic recovery and interest rate hikes, reflecting the overall health and growth potential of the industry. The YoY growth rate of operating revenue of other banks is better than that of 53 Bank, indicating intensified industry competition.

2. Peer evaluation analysis: The 1.8% YoY growth in total operating revenue of 53 Bank is relatively stable in the same industry, and further optimization of product mix and market strategy is needed to enhance market competitiveness, especially in the face of rapidly growing competitors.

Summary

53 Bank achieved a slight growth in operating revenue but insufficient cost control led to a decrease in profitability. The improvement in the overall economic environment has a positive impact on the banking industry, but 53 Bank's growth rate is slightly conservative, and it needs to optimize strategies to enhance market competitiveness.

Opportunities

1. Continue to expand the market and customer base, taking advantage of the growth in loan demand brought by economic recovery.

2. Strengthen the management of interest income and explore more high-yield financial products.

3. Increase total revenue through the growth of intermediate business income, such as high-value-added services like wealth management.

Risks

1. Insufficient cost control may further affect profitability, and management efficiency issues need to be watched.

2. Intensified industry competition, and 53 Bank needs to quickly adapt to market changes to maintain competitiveness.

3. Economic environment uncertainty may affect future revenue growth, and attention should be paid to the risks brought by macroeconomic changes.