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China Merchants Bank (CIHKY)
OTHER OTC:CIHKY
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Earnings Data
Report Date
Mar 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -1.82%
|Next Earnings Date:Mar 21, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with strong capital and asset growth but is weighed down by declines in net profit, income, and challenges in the retail sector. The bank remains resilient with a strong capital position and stable asset quality, yet it faces pressure from external economic conditions and policy impacts.Company Guidance
During the Q3 2024 earnings call for China Merchants Bank (CMB), the management provided guidance that highlighted several key financial and operational metrics. The bank reported a net operating income of CNY 252.6 billion, marking a year-on-year decrease of 2.93%, while net profit attributable to shareholders stood at CNY 113.184 billion, a minor decline of 0.62%. Despite the challenging environment, the bank maintained a high return on average assets (ROAA) of 1.33% and return on average equity (ROAE) of 15.38%. The bank's capital adequacy remained strong with a core CET CAR of 14.73% and a cost-to-income ratio that improved by 0.5 percentage points to 29.59%. Asset growth was stable, with total assets reaching CNY 11.65 trillion, up by 5.68%, and total loans and advances increasing by 3.84% to CNY 6.76 trillion. CMB's total customer deposits grew by 7.08% to CNY 8.73 trillion. However, the bank faced pressure on its net interest income (NII) and net interest margin (NIM), which decreased by 1.1 percentage points and 20 basis points, respectively, attributed to LPR cuts and reduced mortgage rates. The bank's asset quality remained stable with a non-performing loan (NPL) ratio of 0.94% and a strong allowance coverage ratio of 432.15%. Despite these challenges, CMB focused on enhancing its wealth management business, with retail AUM growing to CNY 14.34 trillion, supported by a 9.16% increase in high-net-worth clients. Looking forward, the bank aims to prioritize quality and efficiency while navigating ongoing uncertainties in the economic and regulatory landscape.Stable Asset Quality
The NPL ratio remained at 0.94%, and the company's allowance coverage ratio was 432.15%, indicating a strong risk absorption capability.
Strong Capital Position
The company's core CET CAR was 14.73%, and the overall CAR was 18.67%, both showing an increase compared to the end of last year.
Growth in Retail AUM
Retail AUM increased to CNY 14.34 trillion, with a significant growth of CNY 1.02 trillion compared to the end of last year.
Corporate Loan Growth
Corporate loans rose by 6.7% compared to the end of last year, reaching CNY 2.77 trillion.
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CIHKY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CIHKY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $25.28 | $25.32 | +0.16% |
| Aug 29, 2024 | $22.18 | $21.68 | -2.25% |
| Apr 29, 2024 | $20.74 | $21.20 | +2.22% |
| Mar 25, 2024 | $18.33 | $18.21 | -0.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does China Merchants Bank (CIHKY) report earnings?
China Merchants Bank (CIHKY) is schdueled to report earning on Mar 21, 2025, TBA Not Confirmed.
What is China Merchants Bank (CIHKY) earnings time?
China Merchants Bank (CIHKY) earnings time is at Mar 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CIHKY EPS forecast?
Currently, no data Available
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