HK Stock Market Move | CQRC BANK (03618) rose over 4% in the afternoon; profit up 8% in the first three quarters, with profit growth accelerating in the third quarter.

CQRC BANK (03618) rose over 4% in the afternoon. As of press time, it was up 4.16% at HK$6.765, with a turnover of HK$139 million. On the news front, CQRC BANK announced that from January to September 2026, the group achieved a net profit of RMB11.798 billion, up 7.99% year on year; of which net profit attributable to shareholders of the bank was RMB11.534 billion, up 7.86% year on year. The annualized average return on total assets was 0.92%, consistent with the same period last year. The annualized weighted average return on net assets was 10.94%, up 0.12 percentage points from the same period last year. CICC noted that CQRC BANK's 3Q26 revenue rose 9.89% year on year, and net profit attributable to parent rose 12.38% year on year, with single-quarter profit growth continuing to accelerate. We believe the acceleration in third-quarter profit growth mainly stemmed from support from other non-interest income and the marginal easing of credit cost pressure.