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City commercial bank in Nanjing known for a large bond-investment/treasury business alongside retail and corporate banking.
City commercial bank in Nanjing known for a large bond-investment/treasury business alongside retail and corporate banking.
Earns the spread on loans to Jiangsu companies and households, and also from a large bond portfolio, so trading and investment gains swing its profit more than at a typical lender. The Nanjing city government's investment arms and France's BNP Paribas are among its largest shareholders.
Moat: narrow (regulatory licence, scale). Regional banking licence and a strong treasury/bond-trading franchise versus other city banks.
Headquarters: Nanjing, Jiangsu, China · Founded: 1996 · Employees: 17,938
Size Bank of Nanjing (601009.SS) is a China Financials company (Major Banks) with a market value of $22.8B, the 90th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.31 on 6 Nov 2026.
Performance Over six months the shares gained 4.8%, against +2.1% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +4.6%); the operating margin is 42.6% (peer median 37.1%).
Valuation It trades at 0.77× book value against a peer median of 1.43× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 2.8%; Bank of Nanjing delivers 11.9%, so the price asks less than the business earns today.
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥112B | CN¥107B | CN¥104B | CN¥94.8B | CN¥85.9B |
| Revenue growth | — | +3% | +10% | +10% | — |
| Net income | CN¥23.3B | CN¥21.8B | CN¥20.2B | CN¥18.5B | CN¥18.4B |
| Free cash flow | CN¥243B | CN¥42.3B | CN¥35.5B | CN¥41.0B | CN¥34.1B |
| Capital expenditure | CN¥823M | CN¥815M | CN¥1.32B | CN¥2.11B | CN¥798M |
| Total debt | CN¥1.19T | CN¥1.05T | CN¥821B | CN¥678B | CN¥612B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bank of Nanjing 601009.SS | $22.8B | +5% | +6% | 12% | 0.77× | 2.8% |
| Bank of Ningbo 002142.SZ | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% |
| Shanghai Rural Commercial Bank 601825.SS | $13.1B | +1% | -8% | 10% | 0.65× | 2.5% |
| Bank of Jiangsu 600919.SS | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% |
| Bank of Hangzhou 600926.SS | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% |
| Bank of Beijing 601169.SS | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% |
| Bank of Shanghai 601229.SS | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% |
| Bank of Chengdu 601838.SS | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601009.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.6% | +0.7% | 10th highest of 21 |
| 6-month return | +4.8% | +2.1% | 10th highest of 21 |
| Return on equity | 11.9% | 11.0% | 10th highest of 21 |
| Price / book | 0.77× | 1.43× | 4th cheapest of 21 |
| Trailing P/E | 6.5× | 12.8× | 4th cheapest of 20 |
| ROE the price implies | 2.8% | 12.1% | 2nd least demanding of 21 |
| ROE delivered | 11.9% | 12.4% | 9th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bank of Nanjing 601009.SS | China | $22.8B | +5% | +6% | 12% | 0.77× | 2.8% | 11.9% |
| Banco BPM BAMI.MI | Italy | $22.8B | +1% | -4% | 12% | 1.30× | 13.5% | 12.5% |
| Hanafinancialgr 086790.KS | South Korea | $22.5B | -7% | +39% | 10% | 0.79× | 5.3% | n/a |
| KeyCorp KEY | United States | $22.0B | -3% | +9% | 11% | 1.39× | 13.1% | 11.2% |
| China Minsheng Banking 1988.HK | Hong Kong | $21.9B | -13% | -5% | 4% | 0.20× | 3.8% | 4.2% |
| Mega Financial 2886.TW | Taiwan | $24.0B | +37% | +1% | 10% | 1.97× | 5.9% | 10.0% |
| Regions Financial RF | United States | $24.1B | +2% | +1% | 12% | 1.46× | 13.2% | 12.4% |
| E Sun Financial 2884.TW | Taiwan | $25.2B | +55% | +36% | 15% | 2.70× | 7.6% | 14.7% |
| Citizens Financial CFG | United States | $26.5B | -1% | +4% | 9% | 1.16× | 11.5% | 8.9% |
| China Everbright Bank 601818.SS | China | $26.6B | +1% | -7% | 7% | 0.36× | 1.8% | n/a |
| Banco de Chile Sponsored ADR BCH | United States | $19.6B | +7% | +4% | 22% | 3.15× | 13.6% | 21.8% |
| Banco de Sabadell SAB.MC | Spain | $19.2B | +8% | -35% | 5% | 1.40× | 15.5% | 5.1% |
| Banca Mediolanum BMED.MI | Italy | $19.1B | +17% | -34% | 30% | 3.73× | 35.6% | 30.1% |
| Sumitomo Mitsui Trust Gp 8309.T | Japan | $27.4B | +38% | +5% | 11% | 1.18× | 7.5% | 10.9% |
| Banco Bradesco SA Sponsored ADR Pfd BBD | United States | $27.5B | -32% | +29% | 14% | 0.71× | 6.2% | 14.2% |
| Credicorp BAP | United States | $27.6B | +5% | +24% | 21% | 2.47× | 17.9% | 20.6% |
| ShinhanGroup 055550.KS | South Korea | $29.2B | -13% | +32% | 9% | 0.78× | 5.2% | n/a |
| First Financial 2892.TW | Taiwan | $17.8B | +44% | +5% | 11% | 1.95× | 5.8% | 10.9% |
| mBank MBK.WA | Poland | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% | 19.1% |
| Banco Santander (Brasil) S.A. Sponsored ADR BSBR | United States | $17.4B | -20% | +18% | 10% | 2.10× | 12.6% | 10.2% |
| BPER Banca BPE.MI | Italy | $30.4B | +2% | +15% | 15% | 1.49× | 18.6% | 14.9% |