Bank of Shanghai (601229) H1 2025 earnings summary

Executive summary

• Achieved steady growth in revenue and net profit, with continued focus on high-quality development and risk management.

• Total assets reached RMB 3.29 trillion, up 2.08% from year-end 2024; customer loans and advances grew 2.22%, deposits up 4.17%.

• Net profit attributable to shareholders was RMB 13.23 billion, up 2.02% year-over-year.

• Asset quality remained stable with NPL ratio at 1.18%; capital adequacy improved.

Financial highlights

• Operating income for H1 2025 was RMB 27.34 billion, up 4.18% year-over-year.

• Net interest income rose 1.72% to RMB 16.45 billion; non-interest income increased 8.13%.

• Net profit attributable to shareholders reached RMB 13.23 billion, up 2.02% year-over-year.

• Basic EPS was RMB 0.93, up 2.20% year-over-year.

• Total assets at June 30, 2025: RMB 3.29 trillion; customer loans: RMB 1.44 trillion; deposits: RMB 1.78 trillion.

Outlook and guidance

• Will continue to focus on supporting the real economy, especially in technology, green, and inclusive finance.

• Plans to further optimize asset structure, improve risk management, and maintain stable net interest margin.

• Expects to maintain robust capital and liquidity positions, supporting sustainable growth.