Bank of Tianjin delivered QQ1 2025 revenue of 2,310.29 million CNY with net income of 1,083.79 million CNY and earnings per share of 0.18. Revenue and operating income were reported at 2,310.29 million CNY, while total other income and expenses reduced pre‑tax income by 1,104.10 million CNY, yielding a pre‑tax profit of 1,206.19 million CNY and after‑tax net income of 1,083.79 million CNY. The company posted a net margin of 46.9% and a pre‑tax margin of 52.2%, but the large negative other income item underscores a material non‑operating impact on quarterly results. Management commentary around the core banking performance and balance sheet positioning is not captured in the provided transcript data, limiting visibility into routine source of earnings strength beyond the reported figures. The stock trades at a very low valuation by broad metrics (P/E ~2.4x; P/B ~0.15x), suggesting a potential value opportunity if core earnings quality remains intact and risk factors are contained. Cash per share stands at 7.48 CNY, supporting a conservative liquidity stance despite a modest ROE of about 1.6% and a high leverage footprint implied by a debt/equity ratio near 2.2. These dynamics reflect a regional lender with ample liquidity but pressured by balance‑sheet scale and earnings quality questions in a challenging macro environment for Chinese banks.