Movement Alert|CCB Rises 3.06% in Regular Trading, H1 Earnings Show Robust Growth with Mid-Term Dividend Plan

Market Focus
12 hours ago

On August 31, CCB rose 3.06% in regular trading, trading at HKD 9.43/share, with turnover of HKD 1.215 billion. The rally follows the bank's disclosure of strong first-half results and a mid-term cash dividend proposal.

CCB reported H1 operating income of RMB 426.33 billion, up 10.48% year-over-year, and net profit of RMB 171.68 billion, up 5.56%. Attributable net profit reached RMB 169.56 billion, growing 4.62%, with Q2 standalone attributable profit accelerating to 5.78% growth. Net interest income rose 8.46% to RMB 310.96 billion, benefiting from balance sheet expansion and net interest margin stabilization. The NPL ratio improved to 1.29%, down 2 basis points from year-end. The board approved a mid-term dividend of RMB 0.201 per share, totaling RMB 52.58 billion, representing a 31.0% payout ratio.

All six major state-owned banks reported simultaneous revenue and profit growth in H1, with combined attributable profit exceeding RMB 712.6 billion. Within the Diversified Banks sector, PSBC rose 6.56%, BANK OF CHINA rose 5.11%, BOC HONG KONG rose 2.36%, ICBC rose 1.54%, while HSBC HOLDINGS fell 0.62%.

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