An annual report with two sets of data—China Everbright Bank’s financial report got caught in a “blunder” after all! There were 39 instances of incorrect data; the differences amounted to several thousand billions, and the audit accounting firm involved was KPMG.

On April 1st, China Everbright Bank (601818.SH; China Everbright Bank 06818.HK) released a Hong Kong stock announcement, correcting the company’s 2025 annual report data.

On March 30th, China Everbright Bank published the 2025 annual reports for A-shares and H-shares, but the same report appeared in two different versions.

In the specific situation of branch offices, China Everbright Bank listed a total of 47 institutions including the headquarters, with multiple discrepancies in asset sizes. For example, the Tianjin Branch’s asset size in the H-share version was 59.84B yuan, while in the A-share version it was 101.33B yuan; the Shanghai Branch’s asset size in the H-share version was 39.54 billion yuan, and in the A-share version it was 443.19B yuan.

On April 1st, China Everbright Bank’s Hong Kong stock announcement reaffirmed the asset sizes of branch offices in the annual report and released the confirmed data. It also stated that the correction did not affect other information published in the annual performance announcement. Aside from the corrections disclosed in the announcement, all other data and content in the annual performance report remained unchanged.

Red Star Capital Bureau found that in the previous Hong Kong stock annual report, 39 branch offices had incorrect asset sizes; among them, 12 branches in the western region, with 11 branches having incorrect asset sizes.

The H-share annual report shows that Wu Lijun (Chairman), Hao Cheng (President), Vice Presidents, and Liu Yan (Chief Financial Officer), along with Lin Zezhong (General Manager of the Financial Accounting Department), guarantee the truthfulness, accuracy, and completeness of the financial information in this report.

In 2025, China Everbright Bank’s domestic auditing firm was KPMG Huazhen LLP, with signing auditors Huang Aizhou and Ge Mingyi; Huang Aizhou also served as the audit project partner. The overseas auditing firm was KPMG, with signing auditor Fang Haiyun, who also served as the audit project partner.

On March 30th, China Everbright Bank announced the renewal of its engagement of KPMG as its overseas auditor for the 2026 fiscal year.

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According to China Everbright Bank’s 2025 annual report, the bank’s revenue was 126.31B yuan, a year-on-year decrease of 6.72%; net profit was 38.83B yuan, down 6.88% year-on-year.

As of the end of 2025, China Everbright Bank’s total assets reached 71.653 trillion yuan, an increase of 2.96% from the previous year; total loans and advances amounted to 39.802 trillion yuan, up 1.18%; deposit balance was 41.024 trillion yuan, an increase of 1.65%.

In terms of asset quality, the bank’s non-performing loan balance was 7.17T yuan, an increase of 1.49 billion yuan from the end of the previous year; the non-performing loan ratio was 1.27%, up 0.02 percentage points; the special mention loan ratio was 1.85%, up 0.01 percentage points; overdue loan ratio was 2.13%, up 0.11 percentage points; the loan loss provision coverage ratio was 174.14%, down 6.45 percentage points from the end of last year.

China Everbright Bank’s net capital was 3.98T yuan, an increase of 12.884 billion yuan from the end of the previous year; the capital adequacy ratio was 13.71%, the Tier 1 capital adequacy ratio was 11.75%, and the core Tier 1 capital adequacy ratio was 9.69%, all meeting regulatory requirements.

(This article does not constitute any investment advice. Operate at your own risk. )

Editor: Tao Yueyang

Compiled from Pengpai News, company announcements, and other sources