At the Qilu Bank 2026 three-quarter report performance briefing this morning, Qilu Bank Governor Hu Jinliang said in response to investors' questions about why “income tax expenses” increased in the first three quarters of this year that due to factors such as the low base of the previous year, the increase in total profit for the current period, and optimization of asset allocation, the Bank's income tax expenses increased rapidly in the first three quarters. Regarding the investor's question, “Will the fees be this high every year in the future, or just this time?” Hu Jinliang said that the Bank continues to optimize the tax management system, improve internal control systems and procedures, and strictly implement tax policies, and the effective income tax rate is expected to remain at a stable and reasonable level throughout the year. The three-quarter report shows that in the 1st to 3rd quarter of this year, Qilu Bank's “income tax expenses” were 305 million yuan, compared to 17 million yuan in the same period last year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.