China Everbright Bank Company (601818) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was RMB 63.07 billion, down 4.32% year-over-year; net profit attributable to shareholders was RMB 18.71 billion, down 24.01% year-over-year.

• Net interest income increased 3.17% year-over-year, but fee and commission income declined 7.34%.

• Asset quality weakened: NPL ratio rose to 1.44% (up 0.17pp from end-2025), with provision coverage at 150.02%.

• Total assets grew 1.20% to RMB 7.25 trillion; loans and deposits both increased over 2% from end-2025.

• Interim cash dividend proposed: RMB 0.81 per 10 shares, totaling RMB 4.786 billion.

Financial highlights

• Operating income: RMB 63.07 billion (down 4.32% YoY).

• Net profit: RMB 18.84 billion (down 23.86% YoY); EPS: RMB 0.28 (down 26.32% YoY).

• Net interest margin: 1.36% (up 0.05pp YoY); net interest income: RMB 46.87 billion (up 3.17% YoY).

• Fee and commission income: RMB 9.68 billion (down 7.34% YoY).

• Cost-to-income ratio: 25.92% (down 0.61pp YoY).

• Operating cash flow: RMB 60.88 billion (down 71.32% YoY).

Outlook and guidance

• Management expects continued pressure on profitability due to low interest rates and economic headwinds.

• Focus remains on supporting national strategies, expanding core businesses, and enhancing risk controls.

• Plans to further strengthen digital transformation, risk management, and green finance initiatives.