Shanghai Rural Commercial Bank (601825) Q1 2025 earnings summary

Executive summary

• Net profit attributable to shareholders rose 0.34% year-over-year to RMB 3.56 billion in Q1 2025, with operating performance remaining stable.

• Operating income decreased 7.41% year-over-year to RMB 6.56 billion, mainly due to lower net interest and non-interest income.

• Total assets reached RMB 1.54 trillion, up 3.5% from the previous year-end, with steady growth in loans and deposits.

• Asset quality remained stable, with an NPL ratio of 0.97% and provision coverage at 339.27%.

• Capital adequacy ratios remained strong and above regulatory requirements.

Financial highlights

• Net profit attributable to shareholders: RMB 3.56 billion, up 0.34% year-over-year.

• Operating income: RMB 6.56 billion, down 7.41% year-over-year.

• Net interest income: RMB 4.77 billion, down 5.62% year-over-year.

• Non-interest income: RMB 1.79 billion, down 11.82% year-over-year, impacted by one-off property expropriation.

• Operating cash flow: RMB 17.77 billion, down 39.94% year-over-year.

Outlook and guidance

• Focus remains on retail transformation, comprehensive financial services, and digitalization.

• Continued emphasis on green finance, technology finance, and inclusive finance to support strategic growth.