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China Mainland Banking stocks are weakening, CM BANK (03968) is down 5.51%, many banks' net profits fell year-on-year in the first quarter.
Jinwu Finance News | China Mainland Banking stocks are weak. As of press time, SHENGJINGBANK (02066) fell by 8.57%, CM BANK (03968) fell by 5.51%, Postal Savings Bank Of China (01658) fell by 5.36%, Industrial And Commercial Bank Of China (01398) fell by 4.74%, China Construction Bank Corporation (00939) fell by 4.23%, and Bank Of Communications (03328) fell by 3.96%. In terms of news, several banks announced their performance for the first quarter of 2025. Among them, China Construction Bank Corporation's net profit in the first quarter decreased by 3.99% year-on-year; Industrial And Commercial Bank Of China's net profit in the first quarter decreased by 3.99% year-on-year; Bank Of China’s net profit in the first quarter year-on-year.
Hong Kong stocks movement | China Mainland Banking dropped significantly in the morning, with CM BANK (03968) falling nearly 6% and Postal Savings Bank Of China (01658) dropping over 5%.
China Mainland Banking stocks are seeing significant declines. As of the time of writing, CM BANK (03968) is down 5.73% at HKD 41.95; Postal Savings Bank Of China (01658) is down 5.15% at HKD 4.60; Industrial And Commercial Bank Of China (01398) is down 4.2% at HKD 5.25.
CCB: CCB H Share Announcement-2025 First Quarter Report
CCB: CCB Report for the First Quarter of 2025
CCB Report for the First Quarter of 2025
China Construction Bank Corporation: In the first quarter of 2025, Net income slightly decreased by 3.64%, with Technology finance and green development becoming the highlights.
China Construction Bank Corporation's performance analysis for the first quarter of 2025: stable operation facing a slight decrease in profits, with Technology finance and green development as highlights. Key points of performance: net income for the first quarter was 83.742 billion yuan, a year-on-year decrease of 3.64%; net income attributable to shareholders was 83.351 billion yuan, a year-on-year decrease of 3.99%. Asset scale: total assets reached 42.79 trillion yuan, an increase of 5.48% compared to the end of last year; total loans were 27.02 trillion yuan, an increase of 4.55%. Asset quality: non-performing loan rate at 1.33%, a decrease of 0.01 percentage points compared to the end of the year; provision coverage ratio at 236.81%, an increase of 3.21 percentage points.
