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China Merchants Bank Co Ltd Class H (HK:3968)
:3968
Hong Kong Market
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China Merchants Bank Co (3968) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 23, 2026
TBA (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
1.49
Last Year’s EPS
1.37
Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Oct 29, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance for China Merchants Bank. While there were notable achievements in asset growth, wealth management, and asset quality, challenges such as declining net operating income, lower capital ratios, and weak retail loan demand were apparent. Despite these issues, the bank's strategic focus on stable growth and asset management provides a positive outlook.
Company Guidance
In the call, China Merchants Bank provided detailed guidance on various financial metrics for the first three quarters of 2025. The bank reported a net operating income of RMB 251.28 billion, a slight year-on-year decrease of 0.52%, while the net profit attributable to shareholders increased by 0.52% to RMB 113.7 billion. Key profitability ratios such as ROAA and ROAE were maintained at 1.22% and 13.96%, respectively. The bank's cost-to-income ratio was 29.86%, and it reported a CET1 capital adequacy ratio of 13.93%. Total assets grew to RMB 12.64 trillion, with retail loans comprising 51.8% of the total loan book. Despite facing challenges like a weak retail loan demand, the bank's NII grew by 1.74% to RMB 160.04 billion, though the NIM decreased by 12 basis points year-on-year. Wealth management services showed robust growth, with retail assets under management increasing by 11% to RMB 16.6 trillion. Asset quality was stable, with a non-performing loan ratio of 0.94%. The bank emphasized its focus on balancing quality, profitability, and scale while navigating an uncertain external environment.
Stable Core Profit Indicators
ROAA and ROAE maintained at high levels of 1.22% and 13.96% respectively, with slight increases compared to the first half of the year.
Retail AUM Growth
Retail AUM reached RMB 16.6 trillion, a growth rate of 11% compared to the end of last year, with retail client numbers increasing by 4.76%.
Wealth Management Business Growth
Wealth management fee and commission income rose by 18% year-on-year, the first positive growth in three years.
Stable Asset Quality
NPL ratio decreased by 0.01 percentage points to 0.94%, with an allowance coverage ratio of 405.93%.
Corporate Loan Growth
Corporate loans increased by 10.01% compared to last year-end, with significant contributions from manufacturing and power sectors.

China Merchants Bank Co (HK:3968) 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

HK:3968 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 23, 2026
2025 (Q4)
1.49 / -
1.366
Oct 29, 2025
2025 (Q3)
1.69 / 1.68
1.6611.32% (+0.02)
Aug 29, 2025
2025 (Q2)
1.63 / 1.63
1.5465.30% (+0.08)
Apr 29, 2025
2025 (Q1)
1.58 / 1.62
1.65-1.99% (-0.03)
Mar 25, 2025
2024 (Q4)
1.32 / 1.37
1.35.04% (+0.07)
Oct 29, 2024
2024 (Q3)
1.58 / 1.66
1.650.66% (+0.01)
Aug 29, 2024
2024 (Q2)
1.57 / 1.55
1.557-0.70% (-0.01)
Apr 29, 2024
2024 (Q1)
1.79 / 1.65
1.682-1.95% (-0.03)
Mar 25, 2024
2023 (Q4)
1.18 / 1.30
1.2137.21% (+0.09)
Oct 27, 2023
2023 (Q3)
1.62 / 1.65
1.6062.72% (+0.04)
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

HK:3968 Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Aug 29, 2025
HK$47.96HK$48.00+0.08%
Apr 29, 2025
HK$42.95HK$42.76-0.45%
Mar 25, 2025
HK$46.94HK$46.46-1.02%
Oct 29, 2024
HK$37.76HK$37.81+0.13%
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 (HK:3968) report earnings?
China Merchants Bank Co Ltd Class H (HK:3968) is schdueled to report earning on Mar 23, 2026, TBA (Confirmed).
    What is China Merchants Bank Co Ltd Class H (HK:3968) earnings time?
    China Merchants Bank Co Ltd Class H (HK:3968) earnings time is at Mar 23, 2026, 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 the P/E ratio of China Merchants Bank Co Ltd Class H stock?
          The P/E ratio of China Merchants Bank Co is N/A.
            What is HK:3968 EPS forecast?
            HK:3968 EPS forecast for the fiscal quarter 2025 (Q4) is 1.49.
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