China Construction Bank (939) Q3 2025 earnings summary

Executive summary

• Net profit for the first nine months of 2025 reached RMB258,446 million, up 0.52% year-over-year, with net profit attributable to equity shareholders at RMB257,360 million, up 0.62%.

• Operating income for the period was RMB560,281 million, a 1.44% increase year-over-year.

• The Group maintained robust business performance amid a complex global environment, focusing on technology, green, inclusive, pension, and digital finance.

Financial highlights

• Total assets as of 30 September 2025 were RMB45.37 trillion, up 11.83% from year-end 2024.

• Gross loans and advances to customers rose 7.10% to RMB27.68 trillion; deposits from customers increased 6.75% to RMB30.65 trillion.

• Net interest income for the nine months was RMB427,606 million, down 3.00% year-over-year; net non-interest income rose 18.96%.

• Non-performing loan ratio improved to 1.32%, down 0.02 percentage points from year-end 2024.

• Net cash from operating activities surged 90.33% year-over-year to RMB1,817,380 million.

Outlook and guidance

• The Group continues to prioritize serving the real economy, risk prevention, and international competitiveness, with a focus on high-quality development strategies under a low-interest-rate environment.