China Merchants Bank stock holds near CNY 40 as profit rises

Published on 09/22/2026 at 11:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Merchants Bank stock traded at CNY 40.00 on September 20, 2026, below its CNY 48.00 52-week high. First-half net profit rose 8.0 percent.

CM Bank, CNE100000098, Illustration mit AI erstellt.

China Merchants Bank Co., Ltd. (CNE100000098) traded at CNY 40.00 on the Shanghai Stock Exchange as of September 20, 2026, or 16.7 percent below its CNY 48.00 52-week high. The bank's first-half 2026 results provide the latest fundamental anchor: net profit attributable to shareholders reached approximately CNY 74.0 billion, up 8.0 percent from CNY 68.5 billion in the first half of 2025, according to Ad Hoc News on September 21, 2026.

Profit growth reaches 8.0 percent

The six months ended June 30, 2026 also produced operating income of approximately CNY 180.0 billion, compared with CNY 167.0 billion a year earlier. That 7.8 percent increase was larger than the reported net profit growth, indicating that the earnings profile depended on more than revenue expansion alone.

Net interest margin was approximately 2.35 percent in the first half of 2026, according to Ad Hoc News. The margin was slightly below the 2.40 percent reported for fiscal year 2024, making fee income and wealth-management expansion important offsets to pressure on lending spreads.

Shares remain below the yearly high

The market data point to a broad consolidation range rather than a new high. At CNY 40.00 on September 20, 2026, the stock was approximately 21.2 percent above its CNY 33.00 52-week low and 16.7 percent below the high, a 15.0 CNY spread between the two extremes.

Market capitalization was around CNY 1.0 trillion as of September 20, 2026. Recent daily turnover was in the low tens of millions of shares during mid-September 2026, according to the available market description, while the interim figures dated through June 30, 2026 show that profit growth continued despite the modest margin compression.

Stock stays close to CNY 40

China Merchants Bank stock stood at CNY 40.00 on the Shanghai Stock Exchange as of September 20, 2026. The combination of 8.0 percent first-half profit growth and a 16.7 percent discount to the 52-week high leaves earnings progress and margin stability as the clearest measurable reference points.