转自：新华财经 新华财经北京10月29日电（记者吴丛司）10月29日，招商银行发布第三季度报告显示，今年1-9月，招 行实现营业收入2514.20亿元，同比下降0.51%，降幅较上半年收窄约1.2个百分点；归属于该行股东的 净利润1137.72亿元，同比增长0.52%；ROAA和ROAE分别为1.22%和13.96%。 与此同时，零售业务基本盘展现了较强的经营韧性。截至9月末，该行零售客户数2.20亿户，较上年末 增长4.76%；管理零售客户总资产（AUM）余额16.60万亿元，较上年末增加1.67万亿元，增幅11.19%。 在9月1日召开的中期业绩发布会上，招行行长王良曾经表示，受贷款重定价影响，净息差进一步下行， 给营收增长带来了巨大压力。从二季度的经营情况看，呈现出好于一季度的态势。他提到，展望下半 年，相信可以继续保持良好的发展态势。 2025年前三季度，招行季度营收同比变化幅度逐渐向好，呈现边际改善态势。拆开来看，净利息收入方 面，1-9月实现1600.42亿元，同比增长1.74%，增幅进一步扩大；非利息净收入方面，1-9月实现913.78 亿元，同比下降4.23%，降幅较上半年有所收窄，其中净手续 ...

Core Viewpoint - China Merchants Bank (CMB) reported a steady improvement in operational efficiency for the first three quarters of 2023, with net profit slightly increasing by 0.52% year-on-year to 113.77 billion yuan [1] Revenue Trends - CMB achieved operating revenue of 251.42 billion yuan in the first three quarters, a decrease of 0.51% year-on-year, but the decline narrowed by approximately 1.2 percentage points compared to the first half of the year [2] - Net interest income for the first nine months was 160.04 billion yuan, up 1.74% year-on-year, while non-interest income was 91.38 billion yuan, down 4.23% year-on-year, with a positive growth in net fees and commissions [2] Wealth Management Development - CMB's wealth management segment showed strong growth this year, contributing positively to overall revenue [3] Operational Advantages - CMB maintained a significant net interest margin of 1.87%, which, despite a year-on-year decline of 12 basis points, is still above the industry average by 46 basis points [4] - Retail loans reached 3.70 trillion yuan, growing 1.43% year-on-year, demonstrating resilience amid industry challenges [5] Steady Development Trends - As of the end of September, CMB's total assets reached 12.64 trillion yuan, with a year-on-year growth of 4.05% [6] - Total customer deposits increased by 4.64% year-on-year to 9.52 trillion yuan [6] Asset Quality Stability - CMB's non-performing loan (NPL) ratio stood at 0.94%, a slight decrease from the previous year, with a provision coverage ratio of 405.93% [7] - The bank's focus on high-quality clients and collateral has led to a stable asset quality, with 90% of loans classified as "three high" [7] Revenue Structure Stability - Non-interest income accounted for 36.34% of total revenue, with significant growth in wealth management fees, including increases of 18.14% in fund sales and 78.50% in securities trading [8]

Core Viewpoint - China Merchants Bank (招商银行) reported a steady improvement in operational performance for the first three quarters of 2023, with net profit slightly increasing year-on-year despite challenges in the banking sector [1][4]. Revenue Trends - For the first three quarters, the bank achieved operating income of 251.42 billion yuan, a year-on-year decrease of 0.51%, but the decline narrowed by approximately 1.2 percentage points compared to the first half of the year [2]. - Net interest income for the same period was 160.04 billion yuan, up 1.74% year-on-year, while non-interest income was 91.38 billion yuan, down 4.23%, indicating a slight recovery in fee and commission income [2]. Operational Advantages - The bank maintained a significant net interest margin of 1.87%, which, although down 12 basis points year-on-year, showed a smaller decline compared to the previous year [4]. - Retail loans reached 3.70 trillion yuan, growing 1.43% year-on-year, demonstrating resilience in a challenging economic environment [5]. Development Trends - As of the end of September, total assets reached 12.64 trillion yuan, a 4.05% increase from the end of the previous year, with total loans and advances at 7.14 trillion yuan, up 3.60% [6]. - Customer deposits totaled 9.52 trillion yuan, reflecting a 4.64% increase year-on-year [6]. Asset Quality - The bank's non-performing loan (NPL) ratio stood at 0.94%, a slight decrease from the previous year, with a provision coverage ratio of 405.93%, indicating strong asset quality management [7]. - The bank's management emphasized a focus on high-quality clients and collateral, with 90% of loans classified as "three high" (high quality, high area, high collateral) [7]. Income Structure - Non-interest income accounted for 36.34% of total revenue, with significant growth in wealth management services, including a year-on-year increase of 18.76% in fee and commission income [8].

Core Insights - The core viewpoint of the article highlights that China Merchants Bank (招商银行) reported a slight decline in operating income for the first three quarters of 2025, while net profit showed a modest increase, indicating a stabilization in financial performance [1] Financial Performance - For the first three quarters, the bank achieved operating income of 251.42 billion yuan, a year-on-year decrease of 0.5%, with the decline rate narrowing quarter by quarter [1] - The net profit attributable to shareholders increased by 0.5% to 113.77 billion yuan [1] Fee and Commission Income - The bank's net fee and commission income reached 56.2 billion yuan, reflecting a year-on-year growth of 0.9%, marking a turnaround from negative growth [1] - Wealth management fee and commission income grew by 18.8%, while custody business commission income increased by 6.7%, both surpassing the growth rates from the first half of the year [1] - The decline in asset management fee and commission income showed significant improvement compared to the first half of the year [1] Retail Customer Growth - As of the end of September, the bank's retail customer base reached 220 million, representing a growth of 4.8% since the beginning of the year [1] - Retail Assets Under Management (AUM) grew by 11.2% to 16.6 trillion yuan, achieving the highest growth rate for the same period in nearly four years [1] - The number of customers in the bank's premium service categories, including "Golden Sunflower" and private banking, saw an increase of over 10% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 招商銀行股份有限公司 CHINA MERCHANTS BANK CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （H股股票代碼：03968） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 於本公告日期，本公司的執行董事為王良及鍾德勝；本公司的股東董事（非執行 董事）為繆建民、石岱、孫雲飛、江朝陽、朱立偉及黃堅；及本公司的獨立非執 行董事為李孟剛、劉俏、田宏啟、李朝鮮、史永東及李健。 CHINA MERCHANTS BANK CO., LTD. | 1. | 引言 3 | | --- | --- | | 1.1 | 披露依据 3 | | 1.2 | 并表范围 3 | | 1.3 | 披露声明 3 | | 2. | 释义 4 | | 3. | 风险管理、关键审慎监管指标和风险加权资产概览 5 | | 3.1 | KM1 监管并表关键审慎监管指标 5 ...

资金流向方面，国企改革（399974）指数成份股当日主力资金净流出合计3.6亿元，游资资金净流出合计 7.45亿元，散户资金净流入合计11.05亿元。成份股资金流向详情见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 668109 | 紫金矿业 | 9.96 Z | 15.41% | -3.35 Z | -5.19% | -6.61 Z | -10.23% | | 000977 | 浪潮信息 | 4.27 Z | 7.16% | -1.33 亿 | -2.23% | -2.94亿 | -4.93% | | 600406 | 国电南瑞 | 3.95 Z | 14.66% | -1.96/Z | -7.29% | -1.98 Z | -7.37% | | 601600 | 中国铝业 | 3.83亿 | 7.96% | -1.05 Z | -2.19% | -2.78 Z- | -5.77% | | 601688 ...

招商银行（600036）(03968)公布2025年前三季度业绩，营业净收入为2512.82亿元，同比减少0.52%;归 属于该行股东的净利润为1137.72亿元，同比增长0.52%;基本每股收益4.43元。实现净利息收入1600.42 亿元，同比增长1.74%;实现非利息净收入912.40亿元，同比下降4.27%;年化后归属于该行股东的平均总 资产收益率(ROAA)和年化后归属于该行普通股股东的平均净资产收益率(ROAE)分别为1.22%和 13.96%，同比分别下降0.11和1.42个百分点。 截至报告期末，该集团资产总额126,440.75亿元，较上年末增长4.05%;贷款和垫款总额71,362.85亿元， 较上年末增长3.60%;负债总额113,689.39亿元，较上年末增长4.12%;客户存款总额95,186.97亿元，较上 年末增长4.64%。 截至报告期末，该集团不良贷款余额674.25亿元，较上年末增加18.15亿元;不良贷款率0.94%，较上年末 下降0.01个百分点;拨备覆盖率405.93%，较上年末下降6.05个百分点;贷款拨备率3.84%，较上年末下降 0.08个百分点;2025年1- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 招商銀行股份有限公司 CHINA MERCHANTS BANK CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （H股股票代碼：03968） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 招商銀行股份有限公司董事會 2025年10月29日 於本公告日期，本公司的執行董事為王良及鍾德勝；本公司的股東董事（非執行 董事）為繆建民、石岱、孫雲飛、江朝陽、朱立偉及黃堅；及本公司的獨立非執 行董事為李孟剛、劉俏、田宏啟、李朝鮮、史永東及李健。 A 股简称：招商银行 A 股代码：600036 公告编号：2025-053 招商银行股份有限公司 CHINAMERCHANTSBANKCO.,LTD. 二○二五年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 1 重要 ...

Core Insights - The core viewpoint of the news is the financial performance of China Merchants Bank for the first three quarters of 2025, highlighting a slight decline in net income and mixed results in various financial metrics. Financial Performance - The bank's operating net income for the first three quarters of 2025 was 251.28 billion yuan, a year-on-year decrease of 0.52% [1] - The net profit attributable to shareholders was 113.77 billion yuan, showing a year-on-year increase of 0.52% [1] - Basic earnings per share were 4.43 yuan [1] - Net interest income reached 160.04 billion yuan, an increase of 1.74% year-on-year [1] - Non-interest income was 91.24 billion yuan, a decline of 4.27% year-on-year [1] - Annualized return on average total assets (ROAA) was 1.22%, down 0.11 percentage points year-on-year [1] - Annualized return on average equity (ROAE) was 13.96%, down 1.42 percentage points year-on-year [1] Asset and Liability Overview - Total assets amounted to 12,644.08 billion yuan, an increase of 4.05% from the end of the previous year [1] - Total loans and advances were 7,136.29 billion yuan, up 3.60% from the end of the previous year [1] - Total liabilities reached 11,368.94 billion yuan, an increase of 4.12% from the end of the previous year [1] - Total customer deposits were 9,518.70 billion yuan, up 4.64% from the end of the previous year [1] Loan Quality Metrics - The balance of non-performing loans was 67.43 billion yuan, an increase of 1.81 billion yuan from the end of the previous year [2] - The non-performing loan ratio was 0.94%, a decrease of 0.01 percentage points from the end of the previous year [2] - The provision coverage ratio was 405.93%, down 6.05 percentage points from the end of the previous year [2] - The loan provision ratio was 3.84%, down 0.08 percentage points from the end of the previous year [2] - The annualized credit cost for January to September 2025 was 0.67%, an increase of 0.02 percentage points from the previous year [2]

CHINA MERCHANTS BANK CO., LTD. | | | | 1. | 引言 3 | | --- | --- | | 1.1 | 披露依据 3 | | 1.2 | 并表范围 3 | | 1.3 | 披露声明 3 | | 2. | 释义 4 | | 3. | 风险管理、关键审慎监管指标和风险加权资产概览 5 | | 3.1 | KM1 监管并表关键审慎监管指标 5 | | 3.2 | OV1 风险加权资产概况 6 | | 4. | 宏观审慎监管措施 8 | | 4.1 | 8 | | 5. | 杠杆率 8 | | 5.1 | LR1 杠杆率监管项目与相关会计项目的差异 8 | | 5.2 | LR2 杠杆率 9 | | 6. | 流动性风险 10 | | 6.1 | LIQ1 流动性覆盖率 10 | 招商银行股份有限公司 2025 年第三季度第三支柱报告 1. 引言 1.1 披露依据 本报告根据国家金融监督管理总局令第4号《商业银行资本管理办法》及相 关规定编制并披露。 1.2 并表范围 根据《商业银行资本管理办法》相关规定，本集团资本监管指标计算范围 包括招商银行及其子公司。截至报告期末，本集 ...