China Merchants Bank (03968) announced its performance for the first three quarters, with a net profit of 113.772 billion yuan attributable to shareholders, a year-on-year increase of 0.52%.

China Merchants Bank (03968) announced its performance for the first three quarters of 2025, with operating net income of 251.282 billion yuan, a decrease of 0.52% year-on-year; net profit attributable to the bank's shareholders was 113.772 billion yuan, an increase of 0.52% year-on-year; and basic earnings per share were 4.43 yuan. Net interest income reached 160.042 billion yuan, an increase of 1.74% year-on-year; non-interest net income reached 91.24 billion yuan, a decrease of 4.27% year-on-year; and the annualized return on average assets (ROAA) and the annualized return on average equity attributable to ordinary shareholders of the bank (ROAE) were 1.22% and 13.96% respectively, a decrease of 0.11 and 1.42 percentage points year-on-year. As of the end of the reporting period, the group's total assets were 12.644 trillion yuan, an increase of 4.05% from the end of the previous year; total loans and advances amounted to 7.136 trillion yuan, an increase of 3.60% from the end of the previous year; total liabilities were 11.689 trillion yuan, an increase of 4.12% from the end of the previous year; and total customer deposits were 9.186 trillion yuan, an increase of 4.64% from the end of the previous year. As of the end of the reporting period, the group's non-performing loan balance was 67.425 billion yuan, an increase of 1.815 billion yuan from the end of the previous year; the non-performing loan ratio was 0.94%, a decrease of 0.01 percentage points from the end of the previous year; the provision coverage ratio was 405.93%, a decrease of 6.05 percentage points from the end of the previous year; the loan provision ratio was 3.84%, a decrease of 0.08 percentage points from the end of the previous year; and the credit cost (annualized) for January to September 2025 was 0.67%, an increase of 0.02 percentage points from the previous year.