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China Minsheng Banking's Q1 Profit Slips 10%, Revenue Rises 3%

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China Minsheng Banking's (SHA:600016, HKG:1988) net profit attributable to holders in the first quarter slipped 9.6% to 11.5 billion yuan from 12.7 billion yuan a year earlier, according to a Hong Kong bourse filing on Wednesday.

The lender's Hong Kong shares dropped less than 5% and Shanghai shares slipped 1% at the close of Thursday's trade.

Earnings per share fell year on year to 0.26 yuan from 0.29 yuan.

Operating income rose 2.7% to 37.8 billion yuan from 36.8 billion yuan in the previous year.

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