Bank of Shanghai (601229) Q1 2025 earnings summary

Executive summary

• Achieved stable growth in Q1 2025, with total assets up 1.37% from year-end 2024 and net profit attributable to shareholders rising 2.30% year-over-year.

• Focused on structural adjustment, digital transformation, and risk management, supporting high-quality development in key sectors like tech, inclusive, and green finance.

• Maintained robust capital adequacy and asset quality, with capital ratios above regulatory requirements and a stable NPL ratio.

Financial highlights

• Operating income reached RMB 13.60 billion, up 3.85% year-over-year; net profit attributable to shareholders was RMB 6.29 billion, up 2.30%.

• Net interest income increased 4.65% year-over-year; non-interest income rose 2.60%.

• Basic EPS was RMB 0.44, up 2.33% year-over-year.

• Total assets stood at RMB 3.27 trillion, up 1.37% from the previous year-end.

• Operating cash flow was negative RMB 143.86 billion, mainly due to a decrease in interbank and other financial institution deposits.

Outlook and guidance

• Will continue to strengthen capital management, optimize business structure, and enhance risk controls.

• Plans to further support key sectors, expand digital and green finance, and improve customer-centric services.