China Construction Bank (939) Q1 2026 earnings summary

Executive summary

• Operating income for Q1 2026 reached RMB206.42 billion, up 10.98% year-over-year; net profit was RMB86.82 billion, up 3.68% year-over-year.

• Total assets grew to RMB47.13 trillion, a 3.29% increase from year-end 2025; total equity rose 2.29% to RMB3.77 trillion.

• The group maintained robust operations amid global economic sluggishness and domestic challenges, focusing on technology, green, inclusive, pension, and digital finance.

Financial highlights

• Net interest income rose 8.13% year-over-year to RMB153.47 billion; net non-interest income increased 20.15% to RMB52.95 billion.

• Net fee and commission income was RMB39.98 billion, up 6.72% year-over-year.

• Cost-to-income ratio improved to 21.27%, down 1.70 percentage points year-over-year.

• Credit impairment losses increased 28.04% year-over-year to RMB61.66 billion.

• Basic and diluted EPS remained at RMB0.33.

Outlook and guidance

• The group aims to further strengthen capabilities in serving national construction, risk prevention, and international competition, while supporting high-quality economic development.