Bank of Shanghai (601229) H2 2025 earnings summary

Executive summary

• Achieved dual growth in operating income and net profit attributable to shareholders, with stable asset quality and optimized business structure.

• Total assets surpassed RMB 3.3 trillion, ranking 66th in the Global Bank 1000 by Tier 1 capital.

• Continued to strengthen risk management, digital transformation, and comprehensive financial services.

Financial highlights

• Operating income reached RMB 54.76 billion, up 3.35% year-over-year; net profit attributable to shareholders was RMB 24.19 billion, up 2.69%.

• Net interest income grew 2.64% to RMB 33.34 billion; non-interest net income rose 4.48% to RMB 21.42 billion.

• Total assets at year-end were RMB 3,308.75 billion, up 2.54%; customer loans and advances totaled RMB 1,440.81 billion, up 2.49%.

• Cost-to-income ratio improved to 23.31% (down 0.51 percentage points).

• Basic EPS was RMB 1.65; cash flow from operating activities was negative RMB 67.76 billion, mainly due to increased cash outflows from repo business.

Outlook and guidance

• Will focus on high-quality, sustainable growth, deepen digital transformation, and enhance risk management.

• Plans to further strengthen core competitiveness in technology finance, inclusive finance, green finance, and wealth management.

• 2026 marks the start of the new five-year plan, with emphasis on strategic layout and organizational reform.