China Merchants Bank stock reports H1 growth below yearly high

China Merchants Bank stock reports H1 2026 operating income of CNY 178.135 billion, with the Shanghai-listed shares closing at CNY 40.69 on September 24, 2026. The price stood 7.08 percent below the 52-week high of CNY 43.79, while the bank's market capitalization reached CNY 1,026,195,521,981.

Revenue growth outpaces profit

According to Investing.com, China Merchants Bank's first-half 2026 net operating income rose 4.83 percent year over year to CNY 178.135 billion, while net profit attributable to shareholders increased 2.02 percent to CNY 76.45 billion.

The comparison matters because profit growth trailed revenue growth by 2.81 percentage points. That spread points to a business that is expanding its top line faster than its bottom line, making margins and credit costs important indicators for the next reporting period.

Wealth management adds momentum

Fee income provided a stronger counterweight to pressure on lending spreads. Investing.com reported that wealth management fee income rose 18.44 percent year over year to CNY 24.7 billion in the first half, its best performance in five years.

Additional H1 figures reported by Yahoo Finance showed net interest income of CNY 112.02 billion, up 5.6 percent, and a net interest margin of 1.83 percent, down 5 basis points year over year. The mix favors fee-based growth, but the margin decline shows why earnings expansion remains measured.

Stock remains below yearly high

China Merchants Bank shares closed at CNY 40.69 on the Shanghai Stock Exchange on September 24, 2026, up CNY 0.09, or 0.22 percent, from the previous close of CNY 40.60. The stock's 52-week range was CNY 35.28 to CNY 43.79.