Bank of Gansu Co Ltd (2139.HK) Q1 2025 Earnings Report

Bank of Gansu posted QQ1 2025 revenue of 699.683 million CNY and net income of 199.443 million CNY, reflecting a modest year-over-year revenue decline alongside meaningful quarterly profitability momentum. Operating income stood at 194.854 million CNY with an operating margin of approximately 27.85%. Net income margin reached about 28.50%, supported by a favorable tax outcome and disciplined cost management. Despite a slight revenue pause, quarterly net income expanded sharply (+112.36% QoQ) driven by operating leverage and the absence of non-core drag, underscoring a resilient earnings base for a regional bank in China. The absence of formal forward guidance in the quarter necessitates a cautious outlook, with investors focusing on loan growth, asset quality, NIM dynamics, and cost discipline going forward.