Luzhou Bank reported robust revenue growth in Q4 2025, delivering 4,125,636,771 CNY in revenue and a gross profit of 1,849,918,090 CNY, translating to a gross margin of 44.84%. Net income for the quarter was 628,277,240 CNY with an EPS of 0.22. The fourth quarter contributed to a strong YoY revenue uplift of approximately 307% and a QoQ revenue gain of about 71.7%. Despite strong profitability, the company posted negative operating cash flow of 2.264 billion CNY and negative free cash flow of 2.973 billion CNY, reflecting substantial cash outlays tied to investing activity and working-capital dynamics. The balance sheet remains asset-light in core equity terms but levered by financing activity and substantial long-term investments, with total assets of 202.58 billion CNY and net debt of roughly 18.57 billion CNY. In the context of a regional Chinese bank, Luzhou Bank exhibits solid earnings power, a durable liquidity position, and meaningful capital deployment into long-term investments, while continuing to face the typical credit-cycle and funding-cost risks characteristic of mid-sized banks in China.
Key Performance Indicators
Revenue
Increasing
4.13B
QoQ: 71.68% | YoY: 307.38%
Gross Profit
Increasing
1.85B
44.84% margin
QoQ: -23.02% | YoY: 82.67%
Operating Income
Increasing
829.78M
QoQ: -41.90% | YoY: 84.32%
Net Income
Increasing
628.28M
QoQ: -30.31% | YoY: 16.11%
EPS
Increasing
0.22
QoQ: -15.38% | YoY: 29.41%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue (FY4 2025 Q4) 4,125,636,771 CNY; YoY revenue growth: 307.38%; QoQ revenue growth: 71.68%
Gross Profit: 1,849,918,090 CNY; Gross Margin: 44.84%; YoY gross profit growth: 82.67%; QoQ gross profit growth: -23.02%
Operating Income: 829,776,473 CNY; Operating Margin: 20.11%; YoY operating income growth: 84.32%; QoQ: -41.90%
Net Income: 628,277,240 CNY; Net Margin: 15.23%; YoY net income growth: 16.11%; QoQ: -30.31%
EPS: 0.22 CNY; Diluted EPS: 0.22 CNY; YoY EPS growth: 29.41%; QoQ: -15.38%
Balance Sheet Highlights: Total assets 202.58B CNY; Total liabilities 191.24B CNY; Total stockholders’ equity 11.24B CNY; Cash and cash equivalents 13.68B CNY; Net debt ~18.57B CNY; Short-term debt 25.34B CNY; Long-term debt 6.91B CNY; Long-term investments 183.71B CNY.
Cash Flow: Operating cash flow -2.26B CNY; Free cash flow -2.97B CNY; Investing cash flow -12.01B CNY; Financing cash flow +16.38B CNY; FX effects -2.11B CNY.
Key Takeaway: Revenue and profitability are improving in Q4 2025 versus prior periods, but the cash-flow profile remains characteristic of a growth-oriented regional bank balancing investment in long-term assets with financing-driven liquidity.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
4.13B
307.38%
71.68%
Gross Profit
1.85B
82.67%
-23.02%
Operating Income
829.78M
84.32%
-41.90%
Net Income
628.28M
16.11%
-30.31%
EPS
0.22
29.41%
-15.38%
Key Financial Ratios
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