China Minsheng Banking (600016) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 1.88% YoY as net interest income increased 4.95%; attributable net profit fell 14.78%, reflecting higher credit impairment losses.

• Lending and deposits expanded, while NPL ratio improved to 1.46%; capital ratios remained above regulatory minimums.

Financial highlights

• Q3 revenue was RMB 35,388m, down 2.04% YoY; net interest income was RMB 26,662m, up 1.35%.

• Q3 net profit attributable to shareholders was RMB 4,786m, down 33.18%; adjusted for non-recurring items, it was RMB 4,775m, down 34.37%.

• 9M revenue was RMB 110,554m, up 1.88%; net interest income was RMB 79,246m, up 4.95%, while net profit was RMB 24,323m, down 14.78%.

• 9M net profit excluding non-recurring items was RMB 24,408m, down 15.20%; basic and diluted EPS were RMB 0.48, down 18.64%.

Segment performance

• Corporate loans and advances rose 6.79% from year-end 2025 to RMB 2,938,670m; corporate deposits increased 4.04% to RMB 3,001,876m.

• Retail customer assets under management increased 10.12% to RMB 3,616.194bn; 9M wealth-management fee income rose 27.27% to RMB 3,888m.

• Green loans reached RMB 391,405m, up 10.75% from year-end 2025; a RMB 15,000m green financial bond was issued in July.

• Inclusive micro and small business loans totaled RMB 674,204m; inclusive corporate lending grew 10.60% to RMB 210,600m, with an NPL ratio of 1.55%.

• Custody balances increased YoY from year-end 2025: securities investment funds 8.03%, bank wealth management 8.55%, and trust assets 10.45%.