On October 30 2026, China Construction Bank (stock code: SH: 601939; HK: 00939) ("CCB" or the "Bank") announced its  third- quarter 2026 results. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, China Construction Bank thoroughly studied and implemented the spirit of the 20th National Congress of the CPC and the subsequent plenary sessions of the 20th Central Committee, fully mastered the political and people-centred nature of its financial work, adhered to enhancing "Three Capabilities" as the fundamental principles, and firmly established and practiced a correct outlook on operation, performance and risk. The Bank focused on its main responsibilities and core business, anchored itself to becoming better and stronger, balanced development and security, firmly served the national goal of building a strong financial country, advanced intensive high-quality development, and got off to a good start for the 15th Five-Year Plan period.

Operating results improved steadily

Adhering to quality first and efficiency priority, CCB carried forward the sound development momentum of the first half of the year and achieved operating results featuring solid business fundamentals, sound development quality and efficiency, and resilient indicator performance, making new achievements in intensive high-quality development.

With steadily increasing profitability, operating income (under international financial reporting standards, the same below) and net profit both maintained growth: in the first three quarters, operating income reached RMB623,558 million, up by 11.29% YOY; net profit reached RMB275,623 million, up by 6.65% YOY; and net profit attributable to equity shareholders of the Bank reached RMB274,226 million, up by 6.55% YOY. With solid growth in total volume, total assets reached RMB48.73 trillion, up by 6.78% over that at the end of the previous year, and total liabilities reached RMB44.76 trillion, up by 6.70% over that at the end of the previous year. Core indicators maintained a leading position among comparable peers: its net interest margin was 1.36%, up by 2 basis points compared with that of last year, maintaining a stable trend; annualised return on average assets was 0.78%, annualised return on average equity 10.06%, total capital adequacy ratio 19.55%, Common Equity Tier 1 ratio 14.39% and cost-to-income ratio 23.50%. Risks were stable and controllable: the NPL ratio was 1.29%, down by 0.02 percentage points compared with that at the end of last year; allowances to NPLs 233.21%, up by 0.06 percentage points compared with that at the end of last year，ensuring sufficient risk mitigation capabilities.

Serving the country's overall interests with improved quality and efficiency

CCB upheld the real economy as the foundation and stayed specialized and focused, fully implemented the decisions and deployments of the CPC Central Committee and the State Council, took the initiative, seized opportunities and adopted comprehensive measures, helping the economy continue to move toward new, improved and sound development.

It precisely and effectively served the real economy. CCB released credit resources through multiple channels to improve the quality and efficiency of financial services for key sectors and weak links of the real economy, with corporate loans totaling RMB17.69 trillion, up by 7.41% over that at the end of last year. It consolidated its traditional advantages in retail credit, with personal loans reaching RMB9.13 trillion and remaining basically stable. In bolstering domestic demand, CCB gave full support to spur investment and consumption, actively implemented the package of policies for fiscal-financial coordination to boost domestic demand, accelerated the rollout of the mortgage interest subsidy policy and carried out its consumer finance special programme in a solid manner, with personal consumer loans maintaining double-digit growth. In supporting industrial upgrading, CCB vigorously supported the development of new quality productive forces in line with local conditions and better served the building of modern industrial system by launching the "Shanjian Strong Infrastructure" service brand, strengthening "Shanjian Intelligent Manufacturing" financial services and upgrading the "Shanjian Technology" service system, with loans for manufacturing increasing by around 17% over the end of last year. In serving the regional strategies, CCB had the balance of RMB loans to key regions such as the Beijing-Tianjin-Hebei Region, the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area accounting for nearly 60% of the Bank's total, and saw higher than average growth in county-level deposits and loans. In facilitating high-level opening-up, CCB provided strong support for stabilising foreign trade and foreign investment, actively assisted the internationalisation of RMB and contributed to the high-quality Belt and Road cooperation, with the amount of cross-border RMB settlement maintaining rapid growth.

It served the full implementation of the "Five Priorities" in finance. Aiming to become a leading bank in technology finance, CCB deepened comprehensive financial services covering "equity, lending, bond, insurance and lease", strengthened financing support for emerging and future industries, and saw sci-tech loans growing faster than the average loan growth rate, and the growth of loans to sci-tech enterprises maintaining a leading position among peers. In green finance, CCB supported the green transition of economic and social development, with green loans amounting to RMB6.50 trillion, and issued offshore green bonds of USD1 billion and RMB3 billion. In inclusive finance, CCB continued to improve its service model, with the balance of inclusive loans granted to small and micro businesses at RMB4.09 trillion and 3.76 million loan customers. It assisted in comprehensive rural revitalisation, with an agriculture-related loan balance of RMB3.86 trillion. In pension finance, CCB accelerated the development of systematic and distinctive services, built a "professional pension finance bank" and served pension funds of nearly RMB2.7 trillion. In digital finance, CCB strengthened the two-wheel drive of technology and data, with generative AI large models covering more than 900 application scenarios of the Group, deepened the integrated operation of mobile banking and CCB Lifestyle APP, with online personal users reaching 598 million.

 Business structure continued to optimise

Adhering to the principle of pursuing progress while maintaining stability and upholding integrity while making innovations, CCB committed to building a clean, sound and resilient balance sheet and a well-structured income statement for balanced and sustainable business development.

In terms of assets, credit and non-credit assets grew in a coordinated manner, driving steady growth of interest-earning assets. For the credit portfolio, CCB stabilized total volume and adjusted the structure: total loans of the Group reached RMB29.55 trillion, up by 6.41% over that at the end of last year, and the proportion of loans to key sectors such as the "Five Priorities" in finance and manufacturing rose steadily. For the investment portfolio, CCB stepped up investment and improved quality and efficiency: financial investments reached RMB14.75 trillion, up by 14.38% over that at the end of last year, with their share in total assets exceeding 30% for the first time, up by 2 percentage points over that at the end of last year, mainly due to increased investments in bonds. In terms of liabilities, total deposits grew steadily with optimised pricing and funding sources continued to expand: total deposits reached RMB31.91 trillion, up by 3.47% over that at the end of last year, and the ratio of demand deposits was 40%; personal deposits grew steadily and contributed an increasing share. Proactive liabilities were fully tapped through issuance of RMB300 billion of capital instruments and TLAC non-capital bonds with both volume and quality improved. In terms of income, profit sources became more diversified, with both net interest income and net non-interest income achieving double-digit growth: net interest income grew by 10.01% YOY, consolidating its growth momentum; net non-interest income grew by 15.43% YOY, with net fee and commission income of RMB84,412 million and other net non-interest income maintaining rapid growth.

New breakthroughs in growth drivers

Adhering to a market-oriented and customer-centric approach, CCB aligned with the trends of changes in the economic development model, industrial patterns and social financing structure during the 15th Five-Year Plan period, deepened the "four integrations", accelerated the transition from old growth drivers into new ones and stimulated business vitality.

Steady progress was made in the integration of commercial and investment banking. CCB used a combination of direct and indirect financing instruments, strengthened the building of a full-lifecycle comprehensive service system for corporate clients and promoted the deep integration of technological and industrial innovation, maintaining market leadership in the underwriting of debt financing instruments for non-financial enterprises in the first three quarters. Greater synergy was achieved in the integration of corporate and personal banking. CCB improved the linkage mechanism for sharing corporate and individual customer resources, co-building service scenarios and interconnecting services, expanded customer groups involved in payroll, social insurance cards, merchants, entrepreneurs, housing provident fund and proxy payment services, and continued to upgrade and promote the "Xinxiangtong" payroll platform. The integration of Renminbi and foreign currency businesses advanced in a coordinated manner. CCB enhanced its global service capabilities for clients in foreign trade, foreign investment and "going global", built the "CCB Global Services" platform, and achieved double-digit YOY growth in international business credit, number of clients, settlement volume and other indicators. The integration of group-wide operations delivered stronger synergy. CCB optimised the coordination mechanisms among the front, middle and back offices, between parent and subsidiaries, and between domestic and overseas operations, and the net profit of overseas institutions and subsidiaries both registered rapid YOY growth.

Risk defence lines remained solid

CCB upheld bottom-line thinking and extreme-case scenario planning, strengthened the development of a comprehensive, proactive, intelligent and agile risk control system, and promoted positive interaction between high-quality development and high-level security.

Comprehensive risk management was strengthened. CCB optimised the "three lines of defence" working mechanism, deepened substantive look-through risk management of overseas institutions and subsidiaries, and strengthened the development of rating models and risk early-warning tools in key areas. Asset quality management was enhanced. CCB improved new lending quality by optimizing credit policies and shoring up the quality base of newly granted loans in retail areas such as inclusive micro and small businesses and consumer finance; it kept existing exposures under control by strengthening full-cycle, full-process and full-time management of credit risk, improving the intensive credit risk control mechanism, taking targeted measures to defuse risks in key areas and improving the quality and efficiency of NPL resolution and disposal. Risk management was made more intelligent. CCB built an intelligent platform for comprehensive risk management, proactively used AI for customer risk identification and structured analysis of risks, etc. and iterated and optimised the "Shanjian Technology" selection tool for sci-tech innovation. The compliance management foundation was solidified. CCB improved core systems such as compliance review and anti-money laundering, and strengthened group-wide integrated management of consumer rights protection.

Moving forward, CCB will continue to uphold Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as its guide, fully implement the guiding principles from the 20th National Congress of the CPC and the plenary sessions of the 20th CPC Central Committee, continue to consolidate and expand the achievements of the education on fostering and practicing the correct understanding of performance, deepen the implementation of the Group's development plan for the 15th Five-Year Plan period, steadily advance intensive high-quality development and make greater contribution to building China into a strong financial country.