Bank of Shanghai (601229) Q1 2026 earnings summary

Executive summary

• Achieved steady growth in Q1 2026, with total assets up 2.11% and customer loans and advances up 3.04% compared to year-end 2025.

• Operating income rose 4.25% year-over-year, and net profit attributable to shareholders increased 0.66%.

• Asset quality remained stable with a non-performing loan ratio of 1.18% and provision coverage at 241.30%.

• Capital adequacy ratios met regulatory requirements, with a total capital adequacy ratio of 14.02%.

Financial highlights

• Operating income: RMB 14.18 billion, up 4.25% year-over-year.

• Net profit attributable to shareholders: RMB 6.33 billion, up 0.66% year-over-year.

• Basic EPS: RMB 0.45, up from RMB 0.44 in Q1 2025.

• Total assets: RMB 3.38 trillion, up 2.11% from year-end 2025.

• Net cash flow from operating activities improved significantly to -RMB 136 million from -RMB 14.39 billion in Q1 2025.

Outlook and guidance

• Continued focus on strategic transformation, digitalization, and risk management.

• Plans to further strengthen capital management and optimize business structure.