The Zhitong Finance App learned that China CITIC Bank (00998) rose nearly 2% at the end of the session. As of press release, it had risen 1.99% to HK$8.71, with a turnover of HK$235 million.
According to the news, China CITIC Bank announced that from January to September 2026, net profit attributable to the bank's shareholders was 55.293 billion yuan, an increase of 3.56% over the previous year. Achieved operating revenue of 163.61 billion yuan, an increase of 4.16% over the previous year. Among them, net interest income was $109.450 billion, up 1.62% year on year; net interest spread was 1.60%, down 3 bps year on year; and net non-interest income was $54.151 billion, up 9.70% year on year.
According to Citibank's latest research report, China CITIC Bank's third-quarter results benefited significantly from improved cost efficiency, and the profit growth trend was ahead of management's guidance. The bank believes that the increase in operating profit before provision for the third quarter was higher than the bank's expectations, and profit growth was generally in line with market expectations. Looking ahead, the bank believes that China CITIC Bank has high visibility and can outperform management's 2026 profit growth guide of about 3% (which has increased 3.6% year-on-year in the first nine months). Furthermore, if Changjiang Storage Technology Holdings is likely to go public in the fourth quarter of 2026, there may be additional room for profit growth due to China CITIC Bank holding about 4% to 5% of pre-listing shares.