On Aug. 28, 2026, China Construction Bank (stock code: SH: 601939; HK: 00939) ("CCB" or the "Bank") announced its 2026 interim results. China Construction Bank took Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the guide, fully implemented the spirits of the 20th National Congress of the CPC and the subsequent plenary sessions of the 20th Central Committee, deeply mastered the political and human-oriented nature of its financial work, solidly established and practiced a correct understanding of performance, adhered to enhancing "three capabilities" as the fundamental principles, closely followed the national strategies, firmly served the national development goal of becoming a strong financial power and stuck to the effective improvement of quality and reasonable growth in quantity, thus realizing stable progress in its operation and improvement in quality and productivity and helping get off to a good beginning during the "fifteenth five-year" period.

It achieved positively stable operating results with firmly consolidated foundation for development. Stably increasing profitability: The operating income recorded tenacious growth (under international financial reporting standards, the same below) and quarter-by-quarter improvement in profitability, with operating income of RMB 426.333 billion and net profit of RMB 171.677 billion in the first half year, up by 10.48% and 5.56% YOY respectively. Solid growth of total assets and liabilities: Its total assets reached RMB 47.33 trillion, up by 3.72% over that at the end of the previous year. Its total liabilities reached RMB 43.49 trillion, up by 3.69% over that at the end of the previous year. Stable and controllable risks: The NPL ratio was 1.29%, down by 0.02 percentage points compared with that at the end of last year; allowance to NPL ratio of 238.69%, up by 5.54 percentage points compared with that at the end of last year, ensuring a sufficient risk coverage.

The performance of core indexes was balanced and coordinated, maintaining leading position among comparable peers, with annualized average return on assets of 0.74%, weighted average return on net assets of 9.52%, capital adequacy ratio of 19.42%, core tier-1 capital adequacy ratio of 14.24% and cost-to-income ratio of 22.17%. Its net interest margin was 1.37%, up by 3 and 1 bps compared with that of last year and that of the 1st quarter of this year respectively, maintaining a stable trend.

The business structure kept optimizing, and the business resilience was steadily enhanced. In terms of asset, credit and non-credit assets have grown simultaneously, with a continuous increase in the ratio of loans, financial investments and other core assets. Total loans in a net value of RMB 28.44 trillion were recorded, up by 5.62% over that at the end of last year and registering an increase of 1.08 percentage points in its ratio to total assets, and the ratios of loans to key sectors registered stable increase; the total value of financial investments was RMB 13.99 trillion, up by 8.48% over that at the end of last year and registering an increase of 1.30 percentage points in its ratio to total assets, primarily due to increased investments in governmental bonds. In terms of funds, CCB has further diversified its funding sources and optimized its liability structure. Total deposits were RMB 31.82 trillion, up by 3.19% over that at the end of last year; the ratio of current deposits was over 40% and personal deposits accounted for a larger proportion. Its deposit interest rate was 1.11%, down by 29 bps YOY. It managed financial assets of individual clients in a total value of RMB 24 trillion, up by RMB 1.04 trillion over that at the end of last year. In terms of income, its income driving forces became increasingly diversified, with YOY growth in both net interest income and net non-interest income. Its net interest income was RMB 310.958 billion and grew by 8.46% YOY, registering a good uptrend; its net non-interest income was RMB 115.375 billion and grew by 16.31% YOY, registering an increase of 1.36 percentage points in its ratio to the operating income, wherein its net fee and commission income amounted to RMB 64.289 billion mainly due to the revenue growth of key products such as wealth management and consumer finance and enhanced comprehensive service capabilities.

CCB always attaches great importance to sharing its development achievements with investors and it has cumulatively distributed dividends exceeding RMB 1.4 trillion since its listing. To further enhance the sense of gain for the investors, the board of directors of CCB proposed to distribute an interim cash dividend of RMB 2.010 Yuan (tax inclusive) per 10 shares in 2026 to all common shareholders, with a total dividend of about RMB 52.582 billion and a dividend ratio increasing from 30.0% in 2025 to 31.0%, which will be submitted to the shareholders meeting for deliberation.

Effectively served the country’s overall interests with intensified efforts

Staying committed to serving the real economy as the fundamental purpose of finance and deeply implementing the decisions and deployments of the CPC Central Committee and the State Council, CCB precisely positions itself and focuses on its main business with an aim to help bring the economy onto a good and sustainable development track.

It precisely and effectively served the real economy. By releasing credit resources through multiple channels, CCB strengthened financial support to key strategies, key sectors and key weaknesses with domestic corporate loans totalling RMB 16.82 trillion, up by 7.19% over that at the end of last year. It supported the high-quality development of the private economy with loans to private enterprises increasing by 9.42% compared with that at the end of the previous year. CCB consolidated traditional advantages in retail credit with domestic personal loans growing steadily and its balance reaching RMB 9.07 trillion. In bolstering domestic demand, CCB gave full support to spur investment and consumption by actively implementing policies of the coordinated fiscal-financial package to boost domestic demand with solid progress made in promoting its consumer finance special program. The balance of personal consumption loans grew by 14.43% compared with that at the end of last year. In supporting the service industry upgrade, CCB actively supported the development of new quality productive forces by deeply implementing a series of integrated financial service initiatives including “Shanjian Intelligent Manufacturing”, “Shanjian Strong Infrastructure”, and “Shanjian Technology” to facilitate the establishment of a modern industrial system. Loans to the manufacturing sector increased by 17.95% compared to that at the end of last year. In serving the regional strategies, CCB had loan balance to key regions such as the Beijing–Tianjin–Hebei Region, Yangtze River Delta and 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 and the development, CCB provided strong support for stabilising foreign trade and investment, actively assisted the internationalization of RMB and contributed to the high-quality Belt and Road cooperation. The balance of international business credit was RMB 2.03 trillion, and the amount of cross-border RMB settlement was RMB 4.25 trillion in the first half of this year.

It served the full implementation of the five major areas in financial sector. CCB promoted the sustainable implementation of the "five major measures" in a systematic manner to realize effective increase of quality and reasonable growth in quantity. Technology finance: Aiming to become a leading bank, CCB deepened its comprehensive financial services relating to "stock, lending, bond, insurance and lease" and was the underwriter of sci-tech innovation bonds in a total value of RMB 48.774 billion in the first half of the year. Loans to technology-based enterprises have grown steadily and rapidly. Green finance: CCB supported the green transition of economic and social development. It had a green loan balance of RMB 6.53 trillion and issued green bonds in a value of 1 billion US dollars and RMB 3 billion overseas. Inclusive finance: It continued to improve its service model. The balance of the inclusive finance loans to micro and small enterprises was RMB 4.09 trillion and there were 3.82 million‌ loan customers. It assisted in the comprehensive rural revitalization, with an agricultural-related loan balances of RMB 3.89 trillion. Pension Finance: CCB promoted its pension finance services along the full chain to serve the silver economy; CCB Pension had a second-pillar asset management balance of RMB 800.733 billion, registering a stable growth in the total balance of individual pension funds. Digital finance: CCB strengthened the application of artificial intelligence, facilitated the construction of intelligent data system, fully promoted the new version of mobile banking APP and achieved a scale of 592 million online retail customers; it deepened the application of the e-CNY (digital RMB), with a YOY growth of 14.68% in the consumption value of e-CNY in the first half of the year.

Accelerated unleashing of new growth drivers

Adhering to the customer-centric and market-oriented approach, China Construction Bank aligned with the economic development model, industrial patterns, and social financing structure development trend during the 15th Five-Year plan period, accelerated the transition from old growth drivers into new ones and stimulated the business vitality.

New breakthroughs in "four integrations". CCB promoted the integration of commercial and investment banking services, actively served sci-tech innovation and industrial innovation and underwrote debt financing instruments for non-financial enterprises in a value of RMB 268.678 billion in the first half of the year. It further promoted integration of public and private sector services by offering services like payroll services, social insurance card, merchant, entrepreneur, housing provident fund and proxy charging services and iterated relevant systems or platforms; promoted integration of Renminbi and foreign currency businesses, harmonized domestic and overseas resources and strengthened comprehensive services for trade, foreign-funded enterprises and clients “going global”, registering double-digit growth in international credit, number of clients, settlement volume and other indexes; promoted group-wide operations, optimized the joint operating mechanisms for the front office, middle office and back office, the parent company and the subsidiary and the domestic and overseas resources, thus registering a rapid growth in the total net profit YOY of overseas subsidiaries and facilities. New achievements were made in diversified business sectors. CCB availed direct and indirect financing instruments to carry out its financial businesses and provided comprehensive financial solutions to clients, including 14.16 million‌ domestic corporate clients; in terms of individual financial services, CCB tried to become the main retail bank for individual clients and established primary clearing, investment and financing relations with clients, including 791 million domestic individual clients. The number of its wealth management clients increased by 5.57 million ‌over that at the end of last year and its wealth management balance exceeded RMB 5.3 trillion; it offered treasury and asset management services in a market-oriented and professional manner and increased its service quality and efficiency for the capital market, and enhanced its asset management capabilities. The number of its third-party custodian service clients relating to securities trading and clearing exceeded 100 million;  and its custodian service balance reached RMB 24.45 trillion. New achievements were scored in digitalization and intelligentization. It deepened online platform development and operation, with a total of 556 million users of mobile banking and CCB Lifestyle APP. CCB systematically promoted the "AI+" Initiative and had more than 600 application scenes of generative AI.

Sound and effective comprehensive prevention and control of risks

CCB insisted on the bottom-line safeguarding mindset and extreme-case scenario planning to ensure the balance between development and security. It 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.

It improved the comprehensive risk management system. CCB optimized its "three defense lines" mechanism, deepened the look-through management of overseas branches and subsidiaries, and improved the quality and efficiency of the group's integrated risk management. It strengthened risk checks and balances in key processes such as business entry, rating, approval and post-lending management and improved the balance of returns, risks, and capital. It prudently advanced the prevention and resolution of risks in key areas. CCB strengthened management of key links across the entire process and facilitated the development of an intensive risk control model for inclusive finance and retailing services. CCB abided by the principle of substantive risk judgment and timely made adequate loss provisions. It optimized the comprehensive financing approval and management mechanism. CCB established a customized and dynamically-adaptable, layered and classified review and approval mechanism that aligned authority with responsibility to increase the quality and efficiency of client review and approval in key sectors. CCB incorporated both credit and non-credit investment and financing businesses into a comprehensive financing approval and management framework and deepened the differential management of investment and trading businesses. It increased the intelligent risk management capabilities. It built an intelligent platform for comprehensive risk management and developed AI agents for customer risk identification, business risk analysis, etc. It promoted the "Shanjian Technology" intelligent assessment tool for sci-tech innovation, enabling better identification of high-quality sci-tech enterprises. It strengthened the effective identification and proactive management and control of new-type risks. It continuously improved the model risk management system and carried out model validation, assessment and post-implementation evaluation. It strengthened the management and control of data risks, fraud risks, ESG risks, new-product risks and other new-type risks, continuously improving the management mechanism and system tools.

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, closely follow the 15th Five-Year Plan, steadily promote intensive high-quality development and make greater contribution to building China into a financial powerhouse.