Chongqing Rural Commercial Bank (3618) Q1 2026 earnings summary

Executive summary

• Net profit for Q1 2026 reached RMB4.021 billion, up 5.35% year-over-year; net profit attributable to shareholders was RMB3.935 billion, up 5.07%.

• Operating income rose 8.39% year-over-year to RMB7.829 billion, with net interest income up 15.08% and net fee and commission income up 4.24%.

• Total assets increased 6.04% from year-end 2025 to RMB1,766.76 billion; total liabilities rose 6.27% to RMB1,622.10 billion.

• Non-performing loan ratio improved to 1.07%, down 0.01 percentage point from year-end 2025; provision coverage ratio was 365.72%.

Financial highlights

• Net cash flows from operating activities surged 282.78% year-over-year to RMB86.39 billion, mainly due to lower cash outflows.

• Basic and diluted EPS was RMB0.35, up 6.06% year-over-year.

• Cost-to-income ratio improved to 22.40%, down 3.07 percentage points year-over-year.

• Credit impairment losses increased 16.21% year-over-year to RMB1.252 billion.

Outlook and guidance

• Continued focus on cost reduction, efficiency improvement, and lean management to enhance resource allocation.