Bank of Shanghai (601229) H1 2026 earnings summary

Executive summary

• Achieved steady growth with total assets reaching RMB 3.42 trillion, up 3.33% from year-end 2025.

• Customer loans and advances totaled RMB 1.53 trillion, up 6.10% from year-end 2025.

• Deposits grew 7.43% to RMB 1.86 trillion, with both corporate and personal deposits increasing.

• Net profit attributable to shareholders was RMB 13.30 billion, up 0.51% year-over-year.

• Board approved an interim cash dividend of RMB 3.00 per 10 shares, totaling RMB 4.26 billion.

Financial highlights

• Operating income for H1 2026 was RMB 28.84 billion, up 5.48% year-over-year.

• Net interest income rose 7.37% to RMB 17.67 billion; net fee and commission income fell 10.20%.

• Cost-to-income ratio improved to 21.43%, down 0.56 percentage points year-over-year.

• Credit impairment losses increased 20.78% to RMB 6.03 billion.

• Basic EPS was RMB 0.94, up from RMB 0.93 in H1 2025.

Outlook and guidance

• Management expects continued focus on high-quality growth, risk control, and digital transformation.

• Will further strengthen capital management and optimize business structure.

• No major foreseeable risks; main challenges include credit, market, liquidity, and operational risks.