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.