Another major bank made a mistake! China Everbright Bank's annual report data was misaligned, with 40 out of 47 branches incorrect, and the Shanghai branch's assets were reduced by 403.6 billion.

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Source: China News Service

Following a typo in the China Merchants Bank dividend announcement, Everbright Bank’s annual report data also “had a mix-up.”

Everbright Bank disclosed the “2025 Annual Report” on the Shanghai Stock Exchange on the evening of March 30, which has now been withdrawn. On the evening of the 31st, the bank updated a version of the annual report on the Shanghai Stock Exchange.

Since Everbright Bank is listed both A+H shares, on the 30th, the bank also disclosed the “2025 Annual Performance Announcement” and the “Everbright Bank 2025 Annual Report (A-shares)” on the Hong Kong Stock Exchange. As of the time of writing, these two reports had not been withdrawn. On the evening of April 1, Everbright Bank’s H-shares issued a correction of relevant data in the “Final Performance/Amended Preliminary Performance” on the Hong Kong Stock Exchange, consistent with the A-share annual report.

China News Service compared the annual reports published on March 31 in A-shares and on March 30 in H-shares and found that the data discrepancies mainly appeared in the asset sizes of branch institutions, with significant differences between the two reports.

The 2025 annual report data, the right image shows Everbright Bank’s 2025 annual performance announcement disclosed on the Hong Kong Stock Exchange. Source: SSE, HKEX

Both reports disclosed asset size data for 47 institutions, including the head office, credit card center, domestic branches, and overseas branches, with 40 data points being inconsistent.

For example, the asset size of Everbright Bank’s Shanghai Branch H-share annual report is 39.54 billion yuan, while the A-share annual report shows 443.19B yuan, a difference of 403.65B yuan, with the A-shares being about 11 times the H-shares. The Qingdao Branch’s H-share annual report shows an asset size of 443.19B yuan, while the A-share report shows 98.01 billion yuan, a difference of 345.18B yuan.

Comparing the two, the asset size data in the tables are misaligned, possibly due to table formatting or data entry errors. In the H-share annual report, the corrected data for Qingdao, Ningbo, and Taiyuan branches match the corrected data for Shanghai, Guangzhou, and Nanjing branches.

Everbright Bank stated that the correction does not affect any other information published in the annual performance announcement.

However, as of the time of writing, Everbright Bank has not issued a correction notice on the SSE, only re-published the “2025 Annual Report” on the SSE, along with a “2025 Performance” announcement for H-shares.

According to the “Rules for the Preparation and Disclosure of Company Information for Public Issuance of Securities No. 19—Correction of Financial Information and Related Disclosures (2020 Revision)” issued by the CSRC, if errors are found in financial data in publicly disclosed periodic reports, and the board of directors decides to correct them, the corrected financial information and other required disclosures should be promptly disclosed via interim reports.

Additionally, according to Article 29 of the “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange—Information Disclosure Management (Revised March 2025)” (hereinafter referred to as the Self-Regulation Guidelines), if errors, omissions, or misleading information occur in disclosures made through direct disclosure channels, they should be promptly corrected or supplemented with an announcement. Article 6 states that information disclosed in overseas markets should be consistent with that disclosed domestically. When significant discrepancies occur, the listed company and relevant disclosure obligations should explain to the SSE and disclose corrections or supplements.

The Self-Regulation Guidelines specify that if listed companies or relevant disclosure entities violate these rules, the SSE will take regulatory measures or disciplinary actions according to relevant regulations. If the involved entities are state-controlled listed companies or their controlling shareholders, the SSE will notify the relevant state asset supervision authorities.

The Hong Kong Stock Exchange stipulates that if submitted data has been approved, companies can correct published documents within five calendar days after publication. If the HKEX agrees to amend a published document, it will add phrases like “This document has been invalidated, and a revised document has been issued” before the title of the incorrect file. The content remains accessible on the “Disclosure Easy” website. Depending on the nature of the error, issuers should submit the revised document via electronic submission for posting. The title of the submission should include “(Revised)” in both Chinese and English, enclosed in brackets.

“The Stock Exchange regards publishing errors or misleading information as serious events. Under the Listing Rules, issuers issuing incorrect or misleading information may face disciplinary sanctions,” HKEX pointed out.

The asset report data of Everbright Bank shows that in 2025, the bank’s revenue and net profit both declined. By the end of 2025, the group’s total assets reached 7.17T yuan, an increase of 2.96% from the previous year. In 2025, Everbright Bank achieved operating income of 126.31 billion yuan, down 6.72% year-on-year; net profit was 39.14 billion yuan, down 6.61% year-on-year.

In terms of asset quality, by the end of 2025, the bank’s non-performing loan balance was 50.74B yuan, an increase of 1.49 billion yuan from the previous year; the NPL ratio was 1.27%, up 0.02 percentage points; the watchlist loan ratio was 1.85%, up 0.01 percentage points; overdue loan ratio was 2.13%, up 0.11 percentage points; the provision coverage ratio was 174.14%, down 6.45 percentage points from the end of the previous year.