The earnings call reflects a mixed performance with strong profitability and international growth but challenges in income growth and NIM contraction. While there are notable achievements in wealth management and customer expansion, pressure on NIM and declines in some income streams pose significant challenges.

Company Guidance

During the 2025 interim results call, China Merchants Bank (CMB) outlined several key metrics reflecting its fiscal performance and strategic direction. The bank reported a net operating income of RMB 169.9 billion, marking a year-on-year decrease of 1.73%, while net profit attributable to shareholders increased slightly by 0.25% to RMB 74.9 billion. Return on Average Assets (ROAA) and Return on Average Equity (ROAE) were maintained at industry-leading levels of 1.21% and 13.85% respectively. The Net Interest Margin (NIM) was reported at 1.88%, a decrease of 12 basis points from the previous year, with net interest income increasing by 1.57% to RMB 106.08 billion. Despite challenges such as narrowing interest spreads, CMB demonstrated a resilient profitability strategy, with noninterest income totaling RMB 63.8 billion, albeit a decrease of 6.77% year-on-year. The wealth management segment saw a notable reversal of its downward trend, with fee and commission income rising by 11.89%. Total assets grew by 4.16% to RMB 12.66 trillion, with loans and advances accounting for 56.23% of this figure. The bank maintained a stable cost-to-income ratio at 30.11% and a robust allowance coverage ratio of 410.93%. Moving forward, CMB plans to focus on enhancing its digital transformation, international expansion, and comprehensive risk management to sustain its growth and profitability amidst a challenging economic environment.

Leading Profitability with Improved Metrics

Net profit attributable to shareholders increased by 0.25% year-on-year. ROAA and ROAE maintained at industry-leading levels of 1.21% and 13.85%, respectively.

Growth in Wealth Management Income

Wealth management fee and commission income reversed its downward trend with an 11.89% year-on-year increase.

Stable Asset Quality

NPL ratio decreased by 0.02 percentage points to 0.93%, maintaining strong risk compensation capability.

Expansion in Customer Base

Retail customer base increased by 2.86%, with a notable 7.7% increase in Golden Sunflower level and above customers.

Strong International Growth

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

China Merchants Bank Co (CIHHF) 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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CIHHF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.22 / -	0.213	―	―	―
Aug 29, 2025	2025 (Q2)	0.21 / 0.21	0.198	5.30% (+0.01)	―
Apr 29, 2025	2025 (Q1)	0.20 / 0.21	0.212	-1.99% (>-0.01)	―	―
Mar 25, 2025	2024 (Q4)	0.17 / 0.18	0.167	5.04% (<+0.01)
Oct 29, 2024	2024 (Q3)	0.20 / 0.21	0.212	0.66% (<+0.01)	―
Aug 29, 2024	2024 (Q2)	0.20 / 0.20	0.2	-0.70% (>-0.01)
Apr 29, 2024	2024 (Q1)	0.23 / 0.21	0.216	-1.95% (>-0.01)	―	―
Mar 25, 2024	2023 (Q4)	0.15 / 0.17	0.156	7.21% (+0.01)
Oct 27, 2023	2023 (Q3)	0.21 / 0.21	0.206	2.72% (<+0.01)	―
Aug 25, 2023	2023 (Q2)	0.20 / 0.20	0.18	10.89% (+0.02)

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

CIHHF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 29, 2025	$6.18	$6.21	+0.49%
Apr 29, 2025	$5.54	$5.52	-0.36%
Mar 25, 2025	$5.97	$6.03	+1.01%
Oct 29, 2024	$4.85	$4.52	-6.80%

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 Class H (CIHHF) report earnings?

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

What is China Merchants Bank Co Ltd Class H (CIHHF) earnings time?

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

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CIHHF EPS forecast?

CIHHF EPS forecast for the fiscal quarter 2025 (Q3) is 0.22.

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