Loading…
City commercial bank serving Shanghai and neighboring provinces with retail, corporate and wealth banking.
City commercial bank serving Shanghai and neighboring provinces with retail, corporate and wealth banking.
Earns mainly the spread between loan and deposit rates, with corporate lending to Shanghai-region companies the largest line and fees from wealth management and cards adding to it. Shanghai city state-owned groups are major shareholders. It was founded in 1995 by merging city credit cooperatives.
In one line: A Chinese regional bank akin to a large US super-community bank.
Moat: narrow (regulatory licence, distribution, scale). Dense branch network and licence in an affluent home market give it a funding-cost edge over smaller rivals.
Headquarters: Shanghai, China · Founded: 1995 · Employees: 14,558
Size Bank of Shanghai (601229.SS) is a China Financials company (Regional Banks) with a market value of $17.6B, the 130th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.19 on 6 Nov 2026.
Performance Over six months the shares fell 12.7%, against +11.1% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 6.8% over the last twelve months (peer median +0.9%); the operating margin is 42.0% (peer median 41.5%).
Valuation It trades at 0.44× book value against a peer median of 1.69× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 2.0%; Bank of Shanghai delivers 7.5%, so the price asks less than the business earns today.
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥98.7B | CN¥103B | CN¥111B | CN¥109B | CN¥107B |
| Revenue growth | — | -7% | +2% | +2% | — |
| Net income | CN¥19.8B | CN¥24.2B | CN¥23.6B | CN¥22.5B | CN¥22.3B |
| Free cash flow | CN¥44.7B | CN¥35.1B | CN¥17.8B | CN¥35.0B | CN¥59.0B |
| Capital expenditure | CN¥907M | CN¥932M | CN¥1.18B | CN¥1.15B | CN¥689M |
| Total debt | CN¥1.19T | CN¥1.27T | CN¥1.18T | CN¥1.14T | CN¥1.02T |
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 Shanghai 601229.SS | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% |
| Bank of Beijing 601169.SS | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% |
| Bank of Hangzhou 600926.SS | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% |
| Bank of Ningbo 002142.SZ | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% |
| 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 | 601229.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.5% | +2.6% | 2nd lowest of 21 |
| 6-month return | -12.7% | +11.1% | 3rd lowest of 21 |
| Return on equity | 7.5% | 12.7% | 3rd lowest of 21 |
| Price / book | 0.44× | 1.69× | 2nd cheapest of 21 |
| Trailing P/E | 7.0× | 13.4× | 5th cheapest of 20 |
| ROE the price implies | 2.0% | 8.1% | least demanding of 20 |
| ROE delivered | 7.5% | 13.8% | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Bank Polska Kasa Opieki PEO.WA | Poland | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% | 18.2% |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| ING Bank Slaski ING.WA | Poland | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% | 23.7% |
| Banco Santander-Chile Sponsored ADR BSAC | United States | $15.2B | +7% | +18% | 25% | 3.00× | 17.6% | 24.9% |
| Pinnacle Financial Partners PNFP | United States | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% | 9.6% |
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| Banque Cantonale Vaudoise BCVN.SW | Switzerland | $14.4B | +20% | -8% | 12% | 3.07× | n/a | 11.6% |
| Taiwan Cooperative Financial Hl 5880.TW | Taiwan | $13.6B | +22% | -3% | 9% | 1.55× | 4.8% | 8.9% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| Bank of Chengdu 601838.SS | China | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% | 15.1% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| CNPC Capital 000617.SZ | China | $12.3B | -31% | -14% | 5% | 0.76× | 7.9% | 4.6% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| Chongqing Rural Commercial Bank 601077.SS | China | $11.7B | -1% | -1% | 9% | 0.57× | 2.3% | 9.4% |
| IBK 024110.KS | South Korea | $11.4B | -14% | +28% | 8% | 0.49× | 4.2% | n/a |
| Yokohama Financial 7186.T | Japan | $11.1B | +7% | +21% | 8% | 1.21× | 8.1% | 8.0% |