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Rural commercial bank serving Changshu, Jiangsu, lending mainly to local small businesses, farmers and households.
Rural commercial bank serving Changshu, Jiangsu, lending mainly to local small businesses, farmers and households.
Earns the spread between lending to small businesses, farmers and households and its cost of deposits, where local deposits are a stable base. Its results are tied to the economy around Changshu in Jiangsu.
In one line: A Chinese rural community bank.
Moat: narrow (regulatory licence, distribution). Dense local branch network built over decades gives a deposit-funding cost advantage.
Headquarters: Changshu, Jiangsu, China · Employees: 7,473
Size Jiangsu Changshu Rural Commercial Bank (601128.SS) is a China Financials company (Regional Banks) with a market value of $3.48B, the 742nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.36 on 6 Nov 2026.
Performance Over six months the shares fell 4.4%, against +3.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 0.7% over the last twelve months (peer median +13.6%); the operating margin is 45.6% (peer median 36.5%).
Valuation It trades at 0.67× book value against a peer median of 1.14× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 2.5%; Jiangsu Changshu Rural Commercial Bank delivers 13.8%, so the price asks less than the business earns today.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥18.1B | CN¥18.2B | CN¥18.1B | CN¥16.4B | CN¥14.6B |
| Revenue growth | — | 0% | +10% | +13% | — |
| Net income | CN¥4.49B | CN¥4.22B | CN¥3.81B | CN¥3.28B | CN¥2.74B |
| Free cash flow | CN¥4.52B | CN¥6.22B | CN¥224M | CN¥6.92B | CN¥8.08B |
| Capital expenditure | CN¥391M | CN¥435M | CN¥334M | CN¥515M | CN¥571M |
| Total debt | CN¥52.1B | CN¥48.0B | CN¥37.4B | CN¥44.3B | CN¥40.1B |
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 |
|---|---|---|---|---|---|---|
| Jiangsu Changshu Rural Commercial Bank 601128.SS | $3.48B | -4% | -1% | 14% | 0.67× | 2.5% |
| Wuxi Rural Commercial Bank 600908.SS | $1.94B | +3% | -5% | 10% | 0.54× | 2.8% |
| Qingdao Rural Commercial Bank 002958.SZ | $2.47B | -2% | -9% | 8% | 0.41× | 2.5% |
| Jiangsu Jiangyin Rural Commercial Bank 002807.SZ | $1.77B | +5% | -3% | 10% | 0.57× | 2.9% |
| Jiangsu Zhangjiagang Rural Commercial Bank 002839.SZ | $1.61B | -4% | -10% | 11% | 0.54× | 2.6% |
| Jiangsu Suzhou Rural Commercial Bank 603323.SS | $1.50B | -1% | -7% | 11% | 0.49× | 2.3% |
| Jiangsu Zijin Rural Commercial Bank 601860.SS | $1.39B | -6% | -9% | 6% | 0.43× | 2.9% |
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 | 601128.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | +1.7% | 10th lowest of 21 |
| 6-month return | -4.4% | +3.8% | 4th lowest of 21 |
| Return on equity | 13.8% | 8.7% | 3rd highest of 21 |
| Price / book | 0.67× | 1.14× | 2nd cheapest of 21 |
| Trailing P/E | 6.5× | 11.6× | 2nd cheapest of 19 |
| ROE the price implies | 2.5% | 9.0% | 2nd least demanding of 20 |
| ROE delivered | 13.8% | 8.8% | 3rd highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Changshu Rural Commercial Bank 601128.SS | China | $3.48B | -4% | -1% | 14% | 0.67× | 2.5% | 13.8% |
| Nishi-Nippon Financial 7189.T | Japan | $3.47B | +3% | +28% | 8% | 0.88× | 6.9% | 7.8% |
| First Interstate BancSystem FIBK | United States | $3.50B | +4% | -4% | 10% | 1.12× | 9.0% | 9.5% |
| First Financial Bancorp FFBC | United States | $3.43B | +6% | +13% | 11% | 1.19× | 10.9% | 10.7% |
| Yamaguchi Financial 8418.T | Japan | $3.54B | +6% | +19% | 6% | 0.84× | 5.8% | 5.7% |
| Renasant RNST | United States | $3.55B | -2% | +20% | 9% | 0.93× | 9.5% | 8.7% |
| Mechanics Bancorp MCHB | United States | $3.41B | -1% | +131% | 10% | 1.33× | 14.8% | 10.2% |
| Twenty One Capital XXI | United States | $3.57B | -36% | n/a | -12% | 1.38× | 7.6% | n/a |
| Taichung Commercial Bank 2812.TW | Taiwan | $3.38B | -12% | -13% | 11% | 1.16× | 3.9% | 11.2% |
| TowneBank TOWN | United States | $3.36B | +4% | +36% | 13% | 1.08× | 9.0% | 12.9% |
| WesBanco WSBC | United States | $3.70B | +13% | +17% | 9% | 0.96× | 8.2% | 8.8% |
| Seacoast Banking Corporation of Florida SBCF | United States | $3.24B | +8% | +29% | 7% | 1.25× | 10.9% | 6.8% |
| Chugin Financial Group,Inc 5832.T | Japan | $3.76B | +10% | +34% | 8% | 0.86× | 6.5% | 8.3% |
| Bank of Guiyang 601997.SS | China | $3.20B | -3% | -5% | 7% | 0.32× | 2.0% | 6.9% |
| EQB EQB.TO | Canada | $3.79B | +3% | -4% | 0% | 1.44× | 12.8% | -0.1% |
| Karur Vysya Bank KARURVYSYA.NS | India | $3.80B | +18% | +14% | 21% | 2.32× | 30.7% | 21.0% |
| UCO Bank UCOBANK.NS | India | $3.17B | -13% | +1% | 9% | 0.86× | 13.6% | n/a |
| Walliser Kantonalbank WKBN.SW | Switzerland | $3.15B | +4% | -12% | 5% | 1.50× | n/a | 5.3% |
| BancFirst BANF | United States | $3.87B | +2% | -3% | 14% | 1.94× | 12.7% | 13.6% |
| Hirogin 7337.T | Japan | $3.89B | +9% | +26% | 8% | 0.99× | 7.4% | 8.2% |
| First Bancorp FBP | United States | $3.92B | +8% | +3% | 19% | 2.09× | 15.7% | 19.4% |