CNPC Capital H1 Net Profit Up 29.35% to RMB 3.361 Billion
CNPC Capital reported H1 2026 revenue of RMB 15.054 billion and net profit of RMB 6.341 billion, up 14.02% year on year. Net profit attributable to shareholders rose 29.35% to RMB 3.361 billion, with Q2 alone contributing RMB 1.788 billion. The company is enhancing profitability through asset optimization and tech-driven financial services.
On September 9, CNPC Capital held its 2026 interim results briefing, discussing with investors its first-half operating performance and development strategy. According to the interim report, the company recorded total operating revenue of RMB 15.054 billion in the first half. Net profit reached RMB 6.341 billion, up 14.02% year on year, while net profit attributable to shareholders stood at RMB 3.361 billion, an increase of 29.35%. In the second quarter alone, attributable net profit was RMB 1.788 billion, marking a notable acceleration from the first quarter.
Amid persistently declining market interest rates and narrow industry deposit-loan spreads, the company has improved earnings quality by optimizing its asset structure, reducing costs and expenses, and strengthening investment returns. Around the full life cycle of technological innovation, it is following the approach of building innovation chains along industrial chains and capital chains along innovation chains, providing combined and relay-style integrated financial services tailored to the differentiated needs of enterprises at seed, start-up, growth, and mature stages.
The company is breaking away from traditional credit reliance on physical collateral and guarantees, developing proprietary scorecards and models, and reshaping the entire customer identification, evaluation, outreach, and service process through a technology-flow assessment system. At the same time, it plans to establish specialized fintech institutions or dedicated teams, introduce whitelist management for technology enterprises and differentiated credit mechanisms, and channel financial resources toward emerging sectors such as new energy, new materials, high-end equipment, and digital intelligence industries.
The company stated that it will maintain its industrial finance positioning, follow the path of coordinated industry-investment-finance collaboration, equity-loan-insurance linkage, domestic-international coordination, and volume-price-profit balance, continue to advance business model transformation, solidly implement the five major financial articles, continuously strengthen core functions and enhance core competitiveness, and deliver stable and sound operating results to reward all shareholders.