CHINA CITIC BANK (998) Q3 2026 earnings summary

Executive summary

• 9M 2026 operating income rose 4.16% YoY to RMB163.601bn; net profit attributable to shareholders increased 3.56% to RMB55.293bn.

• Q3 operating income was RMB53.192bn, up 3.82% YoY; net profit attributable to shareholders was RMB17.691bn, up 4.60%.

• Assets grew 2.45% from year-end 2025 to RMB10.379tn; customer deposits increased 5.06% to RMB6.356tn, outpacing loans, up 2.33% to RMB5.999tn.

Financial highlights

• 9M net interest income rose 1.62% YoY to RMB109.450bn; net non-interest income increased 9.70% to RMB54.151bn.

• 9M net operating profit before impairment was RMB117.698bn versus RMB109.815bn YoY; credit impairment losses increased to RMB51.333bn from RMB44.714bn.

• 9M basic EPS was RMB0.92, up 3.37% YoY; Q3 basic EPS was RMB0.29, up 7.41%.

• 9M net cash from operating activities reached RMB303.395bn, up 44.17% YoY, primarily due to higher interbank inflows.

Outlook and guidance

• 15th Five-Year Plan strategy targets three “excellent” businesses—wealth management, comprehensive financing, and investment and trading—and leadership in payments, cross-border services, and digital banking.

• Strategic execution centers on developing six core capabilities and upgrading traditional deposit, lending, and remittance businesses.

• Corporate lending priorities include mid- and long-term financing for national projects, equipment upgrades, and strategic industries, supported by PBOC relending and fiscal interest subsidies.