HK-Listed Chinese Banks Set to Offer Attractive Dividends — Market Talk

                                Close      Prior     Change   % Change 
                                -----      -----     ------   -------- 
 Air China A                     8.30       8.30      -0.01      -0.12 
 Anhui Conch Cement A           23.32      23.32      +0.31      +1.35 
 Bank of China                   5.64       5.64      -0.02      -0.35 
 Baoshan Iron & Steel A          7.65       7.65      -0.09      -1.16 
 Bright Dairy & Food A           8.37       8.37       unch       unch 
 China Eastern Airlines A        4.90       4.90      -0.06      -1.21 
 China Merchants Bank           42.51      42.51      +0.17      +0.40 
 China Minsheng Banking A        4.03       4.03       unch       unch 
 Chn Petro & Chem Sinopec        5.61       5.61      +0.06      +1.08 
 China Southern Airlines         6.98       6.98      -0.02      -0.29 
 China United Ntwk Comms         5.51       5.51      +0.04      +0.73 
 China Yangtze Power A          28.52      28.52      +0.02      +0.07 
 Chongqing Brewery A            53.06      53.06      -0.16      -0.30 
 CITIC Securities A             29.00      29.00      -0.19      -0.65 
 COSCO SHIPPING Engy A          12.68      12.68      +0.17      +1.36 
 COSCO SHIPPING Special A        7.32       7.32      +0.11      +1.53 
 Daqin Railway                   5.74       5.74       unch       unch 
 Dongfeng Automobile A           7.82       7.82      -0.03      -0.38 
 Fujian Yanjing Huiquan         11.65      11.65      -0.03      -0.26 
 Haier Smart Home A             26.60      26.60      -0.09      -0.34 
 Hainan Airlines Hldg A          1.83       1.83      +0.03      +1.67 
 Hisense Visual Tech A          24.15      24.15      -0.23      -0.94 
 Hua Xia Bank A                  6.94       6.94       unch       unch 
 Huadian Power Intl              5.56       5.56      -0.03      -0.54 
 Huaneng Pwr Intl                8.25       8.25      -0.02      -0.24 
 INESA Intelligent Tech A       19.25      19.25      -0.15      -0.77 
 Jiangsu Expressway A           13.77      13.77      -0.09      -0.65 
 Jiangxi Copper A               39.87      39.87      -0.08      -0.20 
 Lucky Film A                    7.70       7.70      +0.07      +0.92 
 Maanshan Iron & Steel A         4.20       4.20      +0.10      +2.44 
 Nanjing Iron & Steel A          5.57       5.57      -0.05      -0.89 
 SAIC Motor A                   15.97      15.97      +0.09      +0.57 
 Shandong Gold-Mining A         35.21      35.21      +0.03      +0.09 
 Shanghai Bailian Group A        8.95       8.95      +0.03      +0.34 
 Shanghai Pudong Dev Bank       11.70      11.70      +0.04      +0.34 
 Shanghai Xinhua Media A         6.88       6.88      -0.05      -0.72 
 Shenyang Jinbei Auto A          4.90       4.90      +0.03      +0.62 
 Sichuan Changhong Elec A       10.07      10.07      -0.07      -0.69 
 SINOPEC Oilfield Svc A          2.31       2.31      -0.01      -0.43 
 SINOPEC Shanghai PetroChm       2.80       2.80      +0.04      +1.45 
 Tsingtao Brewery A             64.93      64.93      -0.22      -0.34 
 Yankuang Energy Group A        15.44      15.44      -0.10      -0.64 
 Zhongjin Gold A                21.08      21.08      +0.01      +0.05 
 
Source: FactSet 

Net profit for January–September 2025 rose 0.52% year-over-year to RMB113.772 billion, with stable asset quality and a NPL ratio of 0.94%. Total assets grew 4.05% to RMB12.64 trillion, while net interest margin declined to 1.87%.

Original document: China Merchants Bank Co., Ltd. Class A [600036] Earnings Release — Oct. 31 2025

Net profit for January–September 2025 rose 0.52% year-over-year to RMB113.772 billion, with stable asset quality and a NPL ratio of 0.94%. Total assets grew 4.05% to RMB12.64 trillion, while net interest income increased 1.74%.

Original document: China Merchants Bank Co., Ltd. Class A [600036] Earnings Release — Oct. 31 2025

Net profit for the first nine months of 2025 rose 0.52% year-over-year to RMB258,446 million, with total assets up 11.83% to RMB45.37 trillion. The Group saw robust growth in technology, green, and inclusive finance, while maintaining strong asset quality and capital ratios.

Original document: China Construction Bank Corporation Class A [601939] Earnings Release — Oct. 30 2025

Operating income and net profit grew modestly year-over-year, with strong asset and deposit growth. Capital and liquidity ratios remained robust, and the bank continued stable dividend payouts while issuing and redeeming major capital instruments.

Original document: Industrial and Commercial Bank of China Limited Class A [601398] Earnings Release — Oct. 30 2025

By Kosaku Narioka

Industrial & Commercial Bank of China reported a rise in third-quarter net profit, thanks to stronger gains from trading and financial investments, as well as lower credit costs.

The Chinese bank said Thursday that net profit climbed 3.3% from a year earlier to 101.805 billion yuan, equivalent to $14.34 billion, for the three months ended Sept. 30.

ICBC said net trading income jumped 43% to 7.96 billion yuan and net gains on financial investments surged 94% to 9.835 billion yuan.

Credit impairment losses dropped to 22.13 billion yuan from 27.14 billion yuan.

Net interest income--the difference between interest earned on loans and that paid on deposits--declined 1.8% to 159.84 billion yuan, as loan interest rates continued to fall in the country.

Major Chinese banks like ICBC have been cutting lending rates as policymakers have taken steps to bolster an economy battling deflation and a flagging property market.

Net fee and commission income increased 4.1% to 23.85 billion yuan.

The lender's nonperforming-loan ratio declined to 1.33% from 1.34% at the end of 2024.

Write to Kosaku Narioka at kosaku.narioka@wsj.com