Bank of Shanghai (601229) H2 2025 earnings summary

Executive summary

• Achieved steady growth in 2025, with total assets surpassing RMB3.3 trillion, operating income up 3.35% year-over-year, and net profit attributable to shareholders rising 2.69%.

• Maintained stable asset quality, with NPL ratio at 1.18% and provision coverage at 244.94%.

• Enhanced business structure, with strong advances in sci-tech, green, inclusive, and pension finance.

• Completed the 14th Five-Year Plan and launched the 15th Five-Year Plan, focusing on high-quality, sustainable development.

Financial highlights

• Operating income reached RMB54.76 billion, up 3.35% year-over-year; net profit attributable to shareholders was RMB24.19 billion, up 2.69%.

• Total assets grew 2.54% to RMB3.31 trillion; total loans and advances increased 2.49% to RMB1.44 trillion.

• Net interest income rose 2.64% to RMB33.34 billion; net non-interest income increased 4.48%.

• Basic EPS was RMB1.65, up 3.12%; net assets per share rose 5.09% to RMB17.33.

• Technology loans balance up 11.20% to RMB188.89 billion; green loans up 3.13% to RMB120.56 billion.

• Inclusive-finance loans up 2.95% to RMB155.17 billion; manufacturing loans up 8.97% to RMB111.66 billion.

• Retail banking AUM reached RMB1,087.88 billion, up 6.45%.

Outlook and guidance

• 2026 marks the start of the 15th Five-Year Plan, with focus on sci-tech, green, inclusive, pension, and digital finance.

• Plans to further strengthen risk management, digital transformation, and regional economic integration.

• Expects continued pressure on net interest margin but aims to optimize asset structure and expand non-interest income.