The earnings call presented a mixed picture with strong asset growth, positive profit growth, and improvements in wealth management fee income as highlights. However, challenges such as decreased operating income, a narrowing NIM, and issues in the credit card segment indicate areas of concern. The bank also faces pressure from declining ROE and a shrinking noninterest income. Despite these challenges, the bank's robust asset quality and international expansion efforts are notable positives.

Company Guidance

In the recent call discussing China Merchants Bank's (CMB) 2025 interim results, several key financial metrics were highlighted. Net operating income stood at RMB 169.9 billion, reflecting a year-on-year decrease of 1.73%, while net profit attributable to shareholders slightly increased by 0.25% to RMB 74.9 billion. The Return on Average Assets (ROAA) and Return on Average Equity (ROAE) remained robust at 1.21% and 13.85% respectively, maintaining industry-leading levels. The Net Interest Margin (NIM) was reported at 1.88%, a decrease of 12 basis points year-on-year. Total assets grew by 4.16% to RMB 12.66 trillion, with total liabilities increasing by 4.05% to RMB 11.36 trillion. Despite a challenging environment with narrowing interest spreads, CMB achieved a cost-to-income ratio of 30.11%. The bank also managed to reduce the annualized average cost rate of interest-bearing liabilities by 37 basis points to 1.35%. Asset quality remained stable, with a Non-Performing Loan (NPL) ratio of 0.93%, down by 0.02 percentage points. The allowance coverage ratio was 410.93%, reflecting strong risk compensation capability. Overall, CMB's strategy focused on maintaining a balance between quality, profitability, and scale amid a complex economic landscape.

Record Asset Growth

CMB's total assets amounted to RMB 12.66 trillion, an increase of 4.16%. Total loans and advances grew by 3.31% to RMB 7.12 trillion.

Positive Profit Growth

Net profit attributable to shareholders was RMB 74.9 billion, a year-on-year increase of 0.25%.

Net Interest Income Increase

Net interest income was RMB 106.08 billion, a year-on-year increase of 1.57%.

Strong Asset Quality

NPL ratio was 0.93%, a decrease of 0.02 percentage points. Allowance coverage ratio remained high at 410.93%.

Wealth Management Fee Income Growth

Reversed a previous downward trend with an 11.89% year-on-year increase.

International Business Expansion

Total assets of overseas institutions increased by 6.56%, and net operating income rose by 23.72% year-on-year.

China Merchants Bank (CIHKY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CIHKY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	- / -	1.063	―	―	―
Aug 29, 2025	2025 (Q2)	- / 1.03	1.004	2.79% (+0.03)	―
Apr 29, 2025	2025 (Q1)	- / 1.02	1.05	-3.24% (-0.03)	―	―
Mar 25, 2025	2024 (Q4)	- / 0.97	0.897	8.25% (+0.07)
Oct 29, 2024	2024 (Q3)	- / 1.06	―	―	―
Aug 29, 2024	2024 (Q2)	- / 1.00	―	―
Apr 29, 2024	2024 (Q1)	- / 1.05	1.125	-6.67% (-0.07)	―	―
Mar 25, 2024	2023 (Q4)	- / 0.90	0.866	3.58% (+0.03)
Oct 27, 2023	2023 (Q3)	- / -	1.085	―	―
Aug 25, 2023	2023 (Q2)	- / -	1.001	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CIHKY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 29, 2025	$30.76	$30.79	+0.10%
Apr 29, 2025	$27.86	$27.73	-0.47%
Mar 25, 2025	$30.38	$30.06	-1.05%
Oct 29, 2024	$24.44	$24.48	+0.16%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does China Merchants Bank Co., Ltd. Unsponsored ADR Class H (CIHKY) report earnings?

China Merchants Bank Co., Ltd. Unsponsored ADR Class H (CIHKY) is schdueled to report earning on Oct 30, 2025, TBA (Confirmed).

What is China Merchants Bank Co., Ltd. Unsponsored ADR Class H (CIHKY) earnings time?

China Merchants Bank Co., Ltd. Unsponsored ADR Class H (CIHKY) earnings time is at Oct 30, 2025, TBA (Confirmed).

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