招商银行：2026年半年度报告

2 2 6 10 60(ESG) 78 100% 100% C1 1.2.20268283.2026202520262027124.202620265.6.7. 1.1 1.1.1China Merchants Bank Co., Ltd. 1.1.2 1.1.37088 1.1.4 7088518040+86 755 8319 8888+86 755 8319 5555cmb@cmbchina.comwww.cmbchina.com95555-7+86 400 820 5555-7 1.1.5831 1.1.6 A600036H03968 1.1.711701-12鲗97927 1.1.8 2026A 1.1.9A 188+86 4008 058 058 H 183171712-1716+852 2862 8555 1.1.10 (www.cs.com.cn)(www.stcn.com)(www.cnstock.com)(www.sse.com.cn)(www.cmbchina.com)(www.hkex.com.hk)(www.cmbchina.com) 1.2 19872002420069 AppApp (1)9 2.2 2.3 (1)(2)=(3)= 2.4 20261-62026630 3.1 3.1.1 2026 3.1.2 1,781.814.83%764.452.02%1,120.225.60%661.593.56%(ROAA)(ROAE)1.14%13.42%0.070.43 137,852.805.47%74,530.332.69%124,319.795.45%101,624.983.32% 702.5120.450.94%385.10%6.693.63%0.05 3.2 3.2.1 907.372.06%15.23%0.04 3.2.2 1,781.814.83%62.87%37.13%0.46 3.2.3 1,727.332.42% 1,119.475.99%LPR 27,114.55481.563.58%45,378.85637.912.83% 475.275.77%2.66%23 88.785.51% 3.2.4 607.1114.41% 473.8716.16% 1103.515.85% 21.4426.65% 3.2.5 1,120.225.60% 3.2.6 661.593.56% 398.555.99%161.9226.53%53.701.52%63.7411.73%79.614.72%21.456.29%31.4220.52%32.5816.42%3.9.2 263.040.08%128.1141.49%45.8194.0018.5928.12%70.539.06% 2 8 3 . 6 61 1 . 4 3 %42.88%273.2011.00%41.29%2104.7335.49%15.83% 3.2.7 529.123.40%364.282.66%164.845.08%29.70%0.41 3.2.8 291.7718.49% 254.6321.2237.0822.62 3.3 3.3.1 137,852.805.47% 3.3.1.1 74,530.332.69%54.07%1.463.4 3.3.1.2 49(f) 6,780.9210 21,723.7011 14,713.4112 239.0013 358.789.01%14 3.3.1.3 99.545.79 3.3.2 124,319.795.45% 101,624.983.32%81.74% 49.60%0.2050.01%0.5949.11%1.17 3.3.3 13,450.335.67%7,291.937.26%251.280.40% 3.4 3.4.1 702.5120.450.94% (1)(2)(3)(4) 35,076.309.08%47.06%274.1912.030.78%0.11 36,800.281.08%49.38%428.3232.481.16%0.10 8,312.1210.33%11.15%0.77 3.4.5 6.42%1.01%1.25%3.98% 3.4.6 273.861.88%1,784.2812.28%12.58%2.39% 3.4.7 973.4867.021.31%0.0638.79%12.75%48.46%901.23601.12 3.4.8 3.4.9 4.441.103.3441.68 3.4.10 2,705.3633.14385.10%6.693.63%0.059(c) 3.5 3.5.1 11.25%9.25%8.25%4.375% 3.5.2 3.5.3 14.07%16.59%18.33%0.090.080.09 13.67%16.08%17.88%0.07 11.84%13.96%15.06%0.080.060.06 11.31%13.30%14.40%0.07 3.5.4 68.77859.64 3.5.5 3,400.80272.06 3.5.6 6,979.70558.38 3.6 428.8817.58%47.27%11.26968.200.65%54.34%2.2529.17%2.20 46(a) 3.7 3.7.1 35,703.3147 3.7.2 3.7.3 3,046.111,701.50-1,662.4481.47-72.46141.19 3.8 3.8.1 2.313.13%386.036.56%12ROAAROAE1.14%13.42%ESGESGAAA 3.8.2 47.3455.88%2.74704.94943.6925.27%6,231.455.78%1,509.5913.812,794.5219.78%311.5721.47%310,496.2310.16%12.92%0.36 3.8.3 6347.01%30.56%532.79%9.372,632.5933.64% 3.8.4 (AUM)18.447.96%44,233.2736,142.1950%24.81% 53,560.393.09%32,013.869.27%37.836204,944.3511.50%10.68%10.57% (FPA)8.64%19.84%29.34%78,82118.38%19.1411.49% 6,671.694.05%TREE1,257.716.98%6,326.1120.51%4.9875.29%23.5888.17% (AUM)(EVA)(AUM)AUM0.2690.220.56 3.8.5AI First AIFirstAIAI46.792.99%10,9468.98%AI2411565,3354,494 AIAppApp(MAU)1.24 AIAIAI238.6712.03%AI79.99AI3,766.49AI+1591.3314.26% AIAIAIAI90%AI AICRMAIAIAIAI +AI+99.999%7,30376%AITokens78%25640%1,38662%AI1,388200AI 3.8.6 0.93%390.39% 3.8.7 100% 3.9 3.9.1 1.83%1.87%57451.82%1LPR 3.9.2 661.593.56%37.13%0.46398.555.99%60.24%263.040.08%3.2.6247.041018.44% 161.9226.53%50.7610.56%39.3561.40%34.397.17%22.4743.76%12.0246.05%53.701.52%31.4220.52%63.7411.73%79.614.72%21.456.29% 3.9.3 3,592.091.48%1,707.134.26%2,967.39136.254.19%0.0985%4.27%0.37 3.9.4 101,624.983.32%20261177,940.589.02%82.06%1.3747,554.247.55%50.07%0.17 3.9.5 74,530.332.69%54.07%1.4636,800.281.08%49.38%1.8835,076.309.08%47.06%2.7543,457.035.98%31.52%0.15 3.9.6 371.8644.651.06%0.0825.112.89109.772.47236.9839.29 2,580.4023.70390.39%9.223.64%0.060.70%0.03 350.13217.7480.1736.0716.15 3.9.7 3.9.3 91.26%88.17% 0.48%0.031.84%0.270.91%0.0441.96%1.37 231.7924.601.73%0.213.56%0.062.70%0.01 1.34%0.120.82%0.221.62%0.19 3.9.8 57.52%RAROC22.35% 720.71 3.10 3.10.1 428.8817.58%968.200.65%54.34%684.543.23%70.70%283.6611.43%29.30%42.88%140.6924.81%56.47%63.2111.71% (AUM) 2.313.13%50640.748.02% (AUM)184,414.637.96%44,233.273.70%49.98% 45,839.433.88%+4,867.6182.73%1,290.1540.48%693.6918.54%2.78% 140.6948.4039.9726.9722.422.933.9.2 6,671.694.05% TREETREE1,257.716.98% AIAI 1,000215,9888.36% AI 9,770.737,043.2219,111.845.43%269.0312.12%97.766.64%3.9.7 AITokenAIAIAIAppApp3.10.3 36,142.191.11%51.04%1.8827,234.220.29%38.46%0.86 13,860.521.77%8,858.001.40%4,479.024.98% 3.10.2 457.0323.33%755.367.42%42.39%482.1621.69%63.83%273.2011.00%36.17%41.29% (FPA)72,719.97125,465.601343,454.053,530.501429,265.921,935.10FPA40.24%0.40FPA 386.036.56%34.79 3281510,826.040.69%12,848.597.16%9,8431610,018.836.78%5,824.095.73% +++7.853.70%11,689.0410.39% 9.37 236.2916.84%153.1914.97%1.398.59% 53,560.393.09%52,304.496.10%50.14%0.480.99%22 32,013.869.27%45.21%2.7917,811.427.97%57.65%0.780.73%0.11 12,945.2611.19%41.90%0.666,008.612.67%19.45%1.289,457.9512.3