China Everbright Bank Company (601818) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 0.29% YoY to RMB94.539bn as net interest income increased, while net profit fell 23.69% to RMB28.448bn amid higher credit impairment losses.

• Q3 revenue increased 11.00% YoY to RMB31.471bn, but net profit declined 23.35% to RMB9.610bn.

• Net interest margin stabilized and began recovering in 2026, supporting positive net interest income growth and improving revenue trends.

Financial highlights

• 9M net interest income was RMB71.390bn, up 3.64% YoY; net fee and commission income was RMB13.876bn, down 10.49%.

• 9M attributable net profit was RMB28.271bn, down 23.63%; excluding non-recurring items, attributable profit was RMB28.282bn, down 24.24%.

• 9M basic and diluted EPS were RMB0.42, down 23.64%; Q3 EPS was RMB0.14, down 17.65% YoY.

• 9M operating expenses rose 24.72% to RMB58.984bn; business and administrative expenses fell 5.23% to RMB25.023bn.

Outlook and guidance

• Priorities include serving national strategies and the real economy, expanding technology, green, inclusive and pension finance, and improving business structure and core competitiveness.

• Focus areas include semiconductors, computing capacity and AI, with ecosystem partnerships and integrated financing products intended to support emerging productive forces.

• Retail strategy emphasizes deposits, consumer finance, wealth products and digital/AI-enabled service; financial markets priorities include portfolio optimization and risk-adjusted returns.