Bank of Shanghai (601229) Q3 2026 earnings summary

Executive summary

• Assets reached RMB 3,368,863,396 thousand at Sep. 30, up 1.82% from year-end; loans rose 3.95% and deposits 6.83%.

• 9M revenue fell 1.29% YoY and parent-attributable net profit fell 24.49%; Q3 net profit declined 92.77%, amid lower investment returns and higher risk provisions.

• Asset quality faced pressure: NPL ratio increased to 1.99% from 1.18% at year-end, reflecting weaker property and construction borrowers and proactive loan reclassification.

Financial highlights

• 9M operating revenue RMB 40,609,919 thousand, down 1.29% YoY; parent-attributable net profit RMB 13,648,864 thousand, down 24.49%.

• Q3 revenue RMB 11,767,710 thousand, down 14.71% YoY; parent-attributable net profit RMB 350,306 thousand, down 92.77%.

• Adjusted 9M parent-attributable net profit, excluding non-recurring items, was RMB 13,669,986 thousand, down 24.53%; Q3 adjusted profit was RMB 336,610 thousand, down 93.09%.

• 9M net interest income was RMB 26,470,477 thousand; investment income was RMB 13,771,547 thousand versus RMB 16,774,897 thousand a year earlier.

• 9M basic EPS was RMB 0.96, down 24.41%; Q3 basic EPS was RMB 0.02, down 94.12%.

Outlook and guidance

• Priorities include accelerating individual risk-case resolution, controlling new risk and continuing to strengthen asset quality.

• Strategy emphasizes support for the real economy, targeted lending to technology, private small businesses and green industries, business transformation and risk prevention.