China Minsheng Banking (600016) Q1 2026 earnings summary

Executive summary

• Total assets reached RMB 7,847.90 billion as of March 31, 2026, up 0.20% from year-end 2025, with loans and advances up 2.18% and deposits up 1.64%.

• Operating income for Q1 2026 was RMB 37.82 billion, up 2.74% year-over-year, while net profit attributable to shareholders fell 9.64% to RMB 11.51 billion.

• The bank continued to focus on high-quality growth, optimizing customer structure, and enhancing digital and green finance capabilities.

Financial highlights

• Net interest income rose 2.84% year-over-year to RMB 25.57 billion; fee and commission income increased 5.89%.

• Cost-to-income ratio improved to 25.92%, down 1.54 percentage points year-over-year.

• Basic and diluted EPS were RMB 0.26, down 10.34% year-over-year.

• Operating cash flow was negative RMB 357 million, a significant improvement from negative RMB 117.46 billion in Q1 2025.

Outlook and guidance

• Management emphasized continued focus on asset quality, risk control, and digital transformation.

• The bank aims to further strengthen its position in technology, green, inclusive, pension, and digital finance.