China Construction Bank (601939.SS, 00939.HK) reported record first-half operating revenue of RMB 436.53 billion, up 10.72% year-over-year, and net profit attributable to shareholders of RMB 169.56 billion, up 4.62%. Operating income growth reached double digits for the first time in nearly a decade. The bank proposed an interim dividend of RMB 2.010 per 10 shares, or approximately RMB 52.58 billion in total, lifting the payout ratio to 31% from 30% in 2025, subject to shareholder approval. Net interest income rose 8.46% to RMB 310.96 billion and accounted for 72.94% of operating income, while non-interest net income increased 16.31% to RMB 115.38 billion. The net interest margin was 1.37%, up from full-year 2025 and the first quarter of 2026, as funding costs declined faster than asset yields. Total assets reached RMB 47.33 trillion and loans grew 5.65% to RMB 29.34 trillion. The non-performing loan ratio fell to 1.29%, although the non-performing loan balance increased, while personal-loan asset quality weakened in several categories. The bank also expanded lending to manufacturing, private enterprises, green projects and small businesses, and deployed generative AI across more than 600 application scenarios.