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China Construction Bank Corporation Class H (HK:0939)
:0939

China Construction Bank (0939) AI Stock Analysis

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HK:0939

China Construction Bank

(0939)

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Outperform 82 (OpenAI - 4o)
Rating:82Outperform
Price Target:
HK$9.50
▲(25.16% Upside)
China Construction Bank's strong financial performance and attractive valuation are the primary drivers of its high score. The bank's robust balance sheet and profitability, combined with a low P/E ratio and high dividend yield, make it an appealing investment. Technical indicators suggest moderate bullish momentum, further supporting the stock's positive outlook.

China Construction Bank (0939) vs. iShares MSCI Hong Kong ETF (EWH)

China Construction Bank Business Overview & Revenue Model

Company DescriptionChina Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, Treasury Business, and Others segments. The company accepts various deposits, such as foreign currency, all in one accounts, RMB, corporate term and notification, and corporate demand deposits, as well corporate deposits by agreement. Its loan products include personal business, car, and housing loans; and SME, traditional credit, commercial draft, buyer credit, and RMB credit line loans. The company also offers credit cards; physical gold for personal investment and personal gold accounts; foreign exchange services; certificate treasury and savings bonds, securities deposit accounts, and securities services, as well as bank-securities transfer and book-entry treasury bond over the counter services; and wealth management products. In addition, it provides collection, salaries payment, third-party collection and payment, insurance agency, and remittance services; international settlement and financing, and FI services; securities and fund settlement services; guarantee-based, consulting and advising, and factoring services; fund custody services; and e-banking services. Further, the company offers institutional services comprising services for government agencies, social security, banks cooperation, bank-securities cooperation, bank-insurance cooperation, and services for non-banking financial institutions. It operates 14,741 banking outlets. China Construction Bank Corporation was founded in 1954 and is headquartered in Beijing, the People's Republic of China.
How the Company Makes MoneyChina Construction Bank generates revenue primarily through the interest income from loans and advances to customers, which constitutes a significant portion of its earnings. The bank offers various types of loans, including personal loans, mortgages, and corporate loans, charging interest rates that contribute to its profitability. Additionally, CCB earns income from fees and commissions related to services such as wealth management, credit cards, and transaction banking. The bank also engages in investment activities, including trading and managing securities, which provides another revenue stream. Strategic partnerships with other financial institutions and corporations enhance its service offerings and market reach, while its extensive branch network and digital banking initiatives help to attract and retain customers, further driving revenue growth.

China Construction Bank Earnings Call Summary

Earnings Call Date:Aug 29, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Mar 28, 2026
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook for China Construction Bank, with significant growth in key financial metrics, green finance, and digital finance segments. Although there are challenges in managing net interest margins and the real estate market, the overall performance and strategic initiatives provide a positive sentiment.
Q2-2025 Updates
Positive Updates
Steady Growth in Core Metrics
Operating income increased by 2.95% to CNY 385 billion, net fee and commission income rose by 4% to CNY 65 billion, and net profit provisions reached CNY 290 billion, marking a 3.37% growth.
Strong Loan Portfolio Growth
Gross loans to customers increased by 6.2% to CNY 27.4 trillion, and financial investments rose by 10% to CNY 11.77 trillion.
Green and Sustainable Finance Expansion
Green finance balance increased by 14.88% to CNY 5.72 trillion, and CCB underwrote green and sustainable development bonds worth CNY 235.6 billion.
Significant Inclusive Finance Growth
Balance of inclusive loans to SMEs increased by 9.8% to CNY 3.74 trillion, and CCB's pension management AUM grew by 53.96% to CNY 654 billion.
Digital Finance Advancements
MAU of the Binary Stars platform grew by 14.4% to CNY 243 million, with loans to core industries of the digital economy rising by 13.44% to CNY 852.4 billion.
Record-Breaking Government Bond Subscriptions
Subscription volumes for government and local government bonds reached a record high.
Negative Updates
Pressure on Net Interest Margin (NIM)
NIM was reported at 1.4%, with potential further pressure anticipated due to LPR cuts and ongoing interest rate challenges.
Real Estate Loan Market Challenges
Despite steady growth, the real estate sector faces challenges, with a focus on stabilizing housing prices and managing risks.
Company Guidance
In the 2025 interim results call of China Construction Bank (CCB), the management reported solid financial performance, highlighted by key metrics such as a 2.95% increase in operating income to CNY 385 billion and a 4% rise in net fee and commission income to CNY 65 billion. The bank's net profit provisions reached CNY 290 billion, up by 3.37%. Core assets saw steady growth, with gross loans to customers increasing by 6.2% to CNY 27.4 trillion and financial investments rising by 10% to CNY 11.77 trillion. Core liabilities also grew by 6% to CNY 30.47 trillion. Notably, the bank maintained strong industry-leading indicators, including a net interest margin (NIM) of 1.4%, a return on assets (ROA) of 0.77%, and a return on equity (ROE) of 10.08%. The capital adequacy ratio (CAR) stood at 19.51%, with a non-performing loan (NPL) ratio of 1.33%, showing a 1 basis point decrease from 2024. Additionally, CCB emphasized its strategic focus on technology and green finance, with loans to technology-related industries growing by 16% to CNY 5.15 trillion and the balance of green finance reaching CNY 5.72 trillion, reflecting a 14.88% increase. The bank also reported a 13.44% growth in loans to core digital economy industries, amounting to CNY 852.4 billion. The management expressed confidence in maintaining stable profit growth and industry-leading performance through continued optimization of asset-liability structure and risk management.

China Construction Bank Financial Statement Overview

Summary
China Construction Bank demonstrates solid financial health across all verticals. The income statement reflects strong profitability with stable margins, although revenue growth is moderate. The balance sheet is particularly strong, highlighting financial stability and low leverage. Cash flow generation is robust, though free cash flow growth varies. Overall, the bank is well-positioned in the industry with strong financials supporting its operations.
Income Statement
China Construction Bank shows a solid gross profit margin consistently aligned with its total revenue, indicating efficient cost management. The net profit margin is also robust, demonstrating strong profitability. However, revenue growth has been moderate, with fluctuations over the years. EBIT and EBITDA margins were only available for some years, showing good profitability when available.
Balance Sheet
The bank maintains a very strong equity position with a significant equity ratio, highlighting stability. The debt-to-equity ratio is exceptionally healthy, with negligible debt levels in recent years. Return on equity shows a stable and strong return, reflecting efficient use of shareholders' equity to generate profits.
Cash Flow
Operating cash flow is strong, and free cash flow has shown substantial growth in some years, although it declined in the latest period. Cash flow ratios indicate that the bank effectively converts its net income into operational liquidity, however, free cash flow growth has fluctuated.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue871.37B607.87B622.34B821.28B822.64B754.96B
Gross Profit511.07B749.57B1.41T821.28B822.64B754.96B
EBITDA212.98B414.61B-4.30B935.68B0.00916.20B
Net Income345.99B335.58B332.65B324.73B302.51B271.05B
Balance Sheet
Total Assets49.59T40.57T38.32T34.60T30.25T28.13T
Cash, Cash Equivalents and Short-Term Investments0.004.77T3.95T3.89T3.23T3.74T
Total Debt11.17T2.87T6.61T2.00T1.62T1.29T
Total Liabilities45.74T37.23T35.15T31.72T27.64T25.74T
Stockholders Equity3.82T3.32T3.01T2.86T2.59T2.36T
Cash Flow
Free Cash Flow715.46B308.85B560.60B954.67B415.48B554.94B
Operating Cash Flow744.99B338.02B585.69B978.42B436.72B580.68B
Investing Cash Flow-2.06T-692.63B-821.25B-651.67B-518.55B-642.16B
Financing Cash Flow1.10T-7.20B-47.33B-6.42B16.12B-89.96B

China Construction Bank Technical Analysis

Technical Analysis Sentiment
Negative
Last Price7.59
Price Trends
50DMA
7.79
Negative
100DMA
7.61
Negative
200DMA
7.38
Positive
Market Momentum
MACD
-0.03
Negative
RSI
45.38
Neutral
STOCH
24.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0939, the sentiment is Negative. The current price of 7.59 is below the 20-day moving average (MA) of 7.60, below the 50-day MA of 7.79, and above the 200-day MA of 7.38, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.38 is Neutral, neither overbought nor oversold. The STOCH value of 24.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0939.

China Construction Bank Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
82
Outperform
HK$2.04T5.215.64%-4.61%0.94%
82
Outperform
HK$1.18T7.864.26%-4.57%1.77%
76
Outperform
HK$605.70B4.896.06%-4.42%-2.55%
76
Outperform
HK$2.81T6.2010.39%4.81%-2.85%10.49%
75
Outperform
HK$1.78T4.995.67%-3.68%2.67%
72
Outperform
HK$2.85T5.579.40%5.46%-3.35%0.58%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0939
China Construction Bank
7.59
2.05
36.88%
HK:1288
Agricultural Bank of China
5.53
1.55
39.05%
HK:3988
Bank of China
4.39
0.83
23.49%
HK:3328
Bank of Communications Co
6.42
0.85
15.30%
HK:3968
China Merchants Bank Co
50.15
13.40
36.45%
HK:1398
Industrial and Commercial Bank of China
6.13
1.54
33.41%

China Construction Bank Corporate Events

China Construction Bank Board Backs 2024 Pay Plans, Confirms New Executive Vice President
Dec 23, 2025

China Construction Bank’s board met in Beijing on 23 December 2025 and approved the 2024 remuneration distribution and settlement plans for its directors and senior management, concluding that the proposals comply with applicable laws, regulations and the bank’s Articles of Association. The board also endorsed the nomination of director Shi Jian as a member of the Strategy Development Committee, subject to regulatory approval, and appointed Tang Shuo as executive vice president, with his assumption of office contingent on qualification approval from the National Financial Regulatory Administration, underscoring the bank’s ongoing focus on formalised governance, leadership continuity and regulatory-compliant management incentives.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank to Distribute RMB2.142 Billion in Domestic Preference Share Dividends
Dec 17, 2025

China Construction Bank Corporation has announced its plan to distribute dividends for its domestic preference shares, approved by the Board of Directors. Eligible shareholders will receive RMB3.57 per share (inclusive of tax), with total dividends amounting to RMB2.142 billion. The dividend distribution reflects the bank’s commitment to delivering value to its shareholders and maintaining a solid financial position, further solidifying its reputation in the banking sector.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Updates Interim Dividend for 2025
Dec 12, 2025

China Construction Bank Corporation announced an update to its interim dividend for the six months ended June 30, 2025, with a declared dividend of RMB 1.858 per 10 shares. The dividend will be paid in Hong Kong dollars at a rate of HKD 2.04656204 per 10 shares, with the payment date set for January 26, 2026. The announcement also details the withholding tax arrangements for non-resident shareholders, with a 10% tax rate applied to both enterprise and individual shareholders residing outside of China, in accordance with PRC laws.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Completes RMB40 Billion Tier-2 Capital Bond Issuance
Dec 9, 2025

China Construction Bank has successfully completed the issuance of its 2025 Tier-2 Capital Bonds, raising RMB40 billion in the National Interbank Bond Market. This issuance, approved by regulatory authorities, aims to replenish the bank’s tier-2 capital, enhancing its financial stability and operational capacity. The bonds are fixed rate with a 10-year term and a coupon rate of 2.24%, with a conditional redemption option after five years, reflecting the bank’s strategic financial management and commitment to maintaining robust capital reserves.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Secures Approval for Capital Increase
Dec 9, 2025

China Construction Bank Corporation has announced the approval from the National Financial Regulatory Administration for an increase in its registered capital. The bank’s registered capital has been raised by RMB11,589,403,973, reflecting a strategic move to bolster its financial standing and operational capacity.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Pledges HK$10 Million for Hong Kong Fire Relief
Nov 28, 2025

China Construction Bank Corporation’s Board of Directors approved a charitable donation of HK$10 million to support fire rescue and relief efforts in Wang Fuk Court, Tai Po District, Hong Kong. This initiative underscores the bank’s commitment to social responsibility and community support, potentially enhancing its reputation and stakeholder relations in the region.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$8.39 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Approves Key Resolutions at 2025 Shareholders’ Meeting
Nov 27, 2025

China Construction Bank Corporation held its second extraordinary shareholders’ meeting of 2025, where key resolutions, including the Interim Profit Distribution Plan for 2025, were approved. The meeting saw participation from 1,796 shareholders and proxies, representing over 82% of the total voting shares, reflecting strong shareholder engagement and support for the bank’s strategic initiatives.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$8.39 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Announces Interim Dividend for 2025
Nov 27, 2025

China Construction Bank Corporation has announced an interim dividend for the six months ended 30 June 2025, with a declared dividend of RMB 1.858 per 10 shares. The announcement includes updates on the closing date and time for currency option elections and withholding tax information. The dividend will be paid in RMB, with the option for shareholders to receive it in Hong Kong dollars, and is subject to a 10% withholding tax for non-resident enterprise and individual shareholders. The payment date is set for 26 January 2026, and the bank has outlined specific dates for ex-dividend and record dates, along with details on the withholding tax applicable to different shareholder categories.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$8.39 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Announces Shareholders’ Meeting Agenda
Nov 12, 2025

China Construction Bank Corporation has announced a supplemental notice for its Second Extraordinary Shareholders’ Meeting of 2025, scheduled for November 27, 2025, in Beijing. A key agenda item is the election of Mr. Shi Jian as a non-executive director, a proposal submitted by China Great Wall AMC, a shareholder holding over 3% of the bank’s voting shares. The nomination has been reviewed and approved by the bank’s Nomination and Remuneration Committee, and if approved by the shareholders, Mr. Shi Jian will serve a three-year term, pending qualification approval by the NFRA.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Announces 2025 Extraordinary Shareholders’ Meeting
Nov 7, 2025

China Construction Bank Corporation has announced its Second Extraordinary Shareholders’ Meeting of 2025, scheduled for November 27 in Beijing. Key agenda items include an interim profit distribution plan and the issuance of capital instruments and total loss-absorbing capacity non-capital debt instruments. The proposed interim cash dividend for 2025 is RMB1.858 per 10 shares, totaling RMB48,605 million. This meeting and its resolutions could significantly impact the bank’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.10 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Announces Interim Dividend for 2025
Nov 7, 2025

China Construction Bank Corporation has announced an interim dividend for the six months ended June 30, 2025, with a declared dividend of RMB 1.858 per 10 shares. The payment date is set for January 26, 2026, and shareholders’ approval is scheduled for November 27, 2025. The announcement updates previous information regarding the date of shareholders’ approval and Hong Kong share register details, reflecting the bank’s commitment to providing returns to its shareholders.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.10 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Releases Q3 2025 Capital Management Report
Oct 30, 2025

China Construction Bank’s Capital Management Pillar III Third Quarter Report for 2025 highlights its key prudential regulatory indicators and risk-weighted assets, underscoring the bank’s commitment to maintaining robust financial health and regulatory compliance. The report provides insights into the bank’s leverage ratio and liquidity risk management, which are crucial for its stability and competitiveness in the global market.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Enhances Audit Committee Governance
Oct 30, 2025

China Construction Bank has updated the terms of reference for its Audit Committee to strengthen corporate governance and internal supervision. The committee, composed mainly of independent directors with expertise in finance and auditing, will ensure compliance with relevant laws and regulations, thereby enhancing the bank’s operational integrity and stakeholder confidence.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Updates Governance Framework
Oct 30, 2025

China Construction Bank has updated the Terms of Reference for its Nomination and Remuneration Committee, aiming to enhance its corporate governance structure. The committee, composed primarily of independent directors, is responsible for overseeing nominations and remuneration, ensuring compliance with relevant laws and regulations. This move is expected to strengthen the bank’s governance practices and align its operations with regulatory standards, potentially impacting its stakeholders positively.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Enhances Governance with Updated Committee Terms
Oct 30, 2025

China Construction Bank has updated the terms of reference for its Nomination and Remuneration Committee to enhance its corporate governance structure. This move is aimed at ensuring compliance with relevant laws and regulations, and it underscores the bank’s commitment to maintaining high standards of governance, potentially impacting its operational efficiency and stakeholder confidence.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Approves Key Financial Resolutions
Oct 30, 2025

China Construction Bank’s Board of Directors recently held a meeting to approve several key resolutions. The board approved the CCB Third Quarter Capital Management Pillar III Report 2025 and a dividend distribution plan for domestic preference shares, issuing RMB2.142 billion in dividends. Additionally, CCB Europe secured approval for borrowing a subordinated loan from its Luxembourg branch. These decisions reflect CCB’s strategic financial management and commitment to shareholder returns, potentially strengthening its market position and operational capabilities.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Reports Q3 2025 Financial Results
Oct 30, 2025

China Construction Bank Corporation announced its unaudited consolidated financial results for the third quarter of 2025, showing a slight increase in net profit by 4.06% compared to the same period last year, reaching RMB 95,808 million. Despite a decrease in operating income for the quarter, the bank’s total assets grew by 11.83% since December 2024, indicating a strong financial position and potential for continued growth.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank to Host 2025 Q3 Results Presentation Online
Oct 24, 2025

China Construction Bank has announced that it will hold its 2025 Third Quarter Results Presentation on October 30, 2025, via an online text interaction platform. This event aims to provide investors with a detailed understanding of the bank’s quarterly performance and business operations, with key executives available to address investor questions, highlighting the bank’s commitment to transparency and investor engagement.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

China Construction Bank Schedules Board Meeting to Review Q3 2025 Results
Oct 17, 2025

China Construction Bank Corporation has announced a board meeting scheduled for October 30, 2025, to review and approve the bank’s financial results for the nine months ending September 30, 2025. This meeting is crucial as it will provide insights into the bank’s financial health and strategic direction, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 07, 2025