China Minsheng Banking Corp., Ltd. (HK: 01988) unveiled its interim results for the six months ending June 30, 2026, posting a total operating revenue of RMB 73.695 billion, up 4.23% year-on-year. The bank's net profit attributable to shareholders reached RMB 19.537 billion, reflecting a decline of 8.62% compared to the prior-year period. Basic earnings per share stood at RMB 0.40 during the reporting period.

Asset and liability structures continued to witness optimization while overall scale remained stable. On the asset front, the bank intensified credit allocation with a sharp focus on key sectors and vulnerable areas of the real economy. At the end of the reporting period, total assets amounted to RMB 7.794531 trillion, marking a reduction of RMB 38.036 billion, or 0.49%, from the start of the year. Within this, general loans saw consistent growth, reaching RMB 4.375540 trillion by period-end, an uptick of RMB 71.180 billion or 1.65%. These loans accounted for 56.14% of total assets, up 1.19 percentage points from the beginning of the year.

On the liability side, the bank strengthened customer engagement and product offerings while employing a traffic-driven approach to deepen lifecycle management of customer funds. Through closed-loop settlements, product enhancements, and upgraded services, China Minsheng Banking Corp., Ltd. successfully expanded deposit balances and refined its liability mix. Total liabilities ended the period at RMB 7.076982 trillion, a decrease of RMB 52.388 billion or 0.73% compared to the start of the year. Deposits from customers rose to RMB 4.392555 trillion, increasing by RMB 115.317 billion or 2.70%, and now represent 62.07% of total liabilities, up 2.08 percentage points. Personal deposits continued their steady ascent, with balances growing by RMB 51.681 billion during the period and their share expanding by 0.33 percentage points.

The bank achieved an improved net interest margin (NIM) year-on-year while sustaining revenue growth. By deepening structural reforms and transformation, the institution focused on optimizing liability structures to stabilize its NIM and drive better operational performance. The NIM stood at 1.47% for the period, an improvement of 8 basis points from the previous year. Meanwhile, average interest-earning assets expanded daily by RMB 78.115 billion, a 1.10% increase, and together these factors propelled revenue gains. Operating revenue reached RMB 73.695 billion, up RMB 2.994 billion or 4.23% year-on-year. This was driven by net interest income of RMB 52.584 billion, which rose RMB 3.381 billion or 6.87%, and net fee and commission income of RMB 9.809 billion, up RMB 124 million or 1.28%. During the period, the bank intensified efforts to resolve non-performing assets, leading to higher credit impairment losses. Consequently, net profit attributable to shareholders contracted by RMB 1.843 billion, or 8.62%, to RMB 19.537 billion.

Asset quality held broadly steady, supported by a robust integrated risk management framework. The bank adhered to a risk appetite characterized by "seeking progress amid stability, optimizing structure, and enhancing quality," with a core objective of "comprehensive, precise, and proactive management" to reinforce high-quality development across its operations. Initiatives such as the "Deepening Year for Post-Loan and Post-Investment Management" were launched to further develop a coordinated three-line defense system, seamlessly blending business growth with risk governance. The bank strengthened risk mitigation in key areas while intensifying recovery and disposal of non-performing assets, maintaining overall asset quality stability. At period-end, total non-performing loans came in at RMB 66.323 billion, an increase of RMB 169 million from the beginning of the year. The non-performing loan ratio eased to 1.47%, down 0.02 percentage points, while the provision coverage ratio improved to 142.19%, rising 0.15 percentage points.