Shanghai Rural Commercial Bank (601825) Q1 2026 earnings summary

Executive summary

• Achieved revenue of RMB 6.64 billion for Q1 2026, up 1.23% year-over-year; net profit attributable to shareholders reached RMB 3.59 billion, up 0.73% year-over-year.

• Asset quality remained stable with a non-performing loan (NPL) ratio of 0.96% and provision coverage at 303.07%.

• Retail finance transformation deepened, with retail AUM up 2.11% and personal customer base expanding.

• Green finance assets surpassed RMB 109 billion, with green loans up 2.83% from year-end.

Financial highlights

• Operating income: RMB 6.64 billion, up 1.23% year-over-year.

• Net profit attributable to shareholders: RMB 3.59 billion, up 0.73% year-over-year.

• Cost-to-income ratio improved to 23.13%, down 2.30 percentage points year-over-year.

• Total assets: RMB 1.63 trillion, up 2.50% from year-end; total loans: RMB 803.74 billion, up 3.98%.

• Net cash flow from operating activities: RMB 7.28 billion, down 59.03% year-over-year due to reduced interbank funding.

Outlook and guidance

• Continued focus on retail finance, digital transformation, and green finance expansion.

• Ongoing optimization of asset structure and liability costs, with emphasis on differentiated pricing and customer segmentation.