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Rural commercial bank based in Shaoxing, Zhejiang, lending to local textile and manufacturing small businesses and households.
Rural commercial bank based in Shaoxing, Zhejiang, lending to local textile and manufacturing small businesses and households.
Earns mostly from the gap between loan interest and deposit costs, with lending concentrated among textile and light-manufacturing firms in one city, so the health of that industry drives loan quality.
In one line: A tiny US community bank confined to one Chinese textile town.
Moat: narrow (distribution, regulatory licence). Deep local deposit franchise inherited from a former rural credit cooperative.
Headquarters: Shaoxing, China · Employees: 2,134
Size Zhejiang Shaoxing Ruifeng Rural Commercial Bank (601528.SS) is a China Financials company (Regional Banks) with a market value of $1.60B, the 1541st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.43 on 6 Nov 2026.
Performance Over six months the shares gained 3.8%, against +0.1% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 8.0% over the last twelve months (peer median +7.3%); the operating margin is 42.9% (peer median 33.8%).
Valuation It trades at 0.51× book value against a peer median of 0.97× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 3.4%; Zhejiang Shaoxing Ruifeng Rural Commercial Bank delivers 9.9%, 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¥7.48B | CN¥7.87B | CN¥8.33B | CN¥7.63B | CN¥6.74B |
| Revenue growth | — | -6% | +9% | +13% | — |
| Net income | CN¥1.98B | CN¥1.97B | CN¥1.92B | CN¥1.73B | CN¥1.53B |
| Free cash flow | CN¥16.6B | CN¥3.02B | -CN¥3.16B | CN¥3.30B | CN¥2.72B |
| Capital expenditure | CN¥53.5M | CN¥54.1M | CN¥96.9M | CN¥54.6M | CN¥83.9M |
| Total debt | CN¥39.5B | CN¥37.5B | CN¥33.4B | CN¥31.9B | CN¥17.7B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Shaoxing Ruifeng Rural Commercial Bank 601528.SS | $1.60B | +4% | -8% | 10% | 0.51× | 3.4% |
| Bank of Jiangsu 600919.SS | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% |
| Bank of Ningbo 002142.SZ | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% |
| Agricultural Bank of China 601288.SS | $375B | +5% | -4% | 11% | 0.88× | 3.0% |
| China Zheshang Bank 601916.SS | $11.2B | -2% | -4% | 7% | 0.44× | 2.0% |
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 | 601528.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.4% | -0.6% | 4th highest of 21 |
| 6-month return | +3.8% | +0.1% | 8th highest of 21 |
| Return on equity | 9.9% | 10.0% | 11th highest of 21 |
| Price / book | 0.51× | 0.97× | 3rd cheapest of 21 |
| Trailing P/E | 5.4× | 12.5× | 4th cheapest of 19 |
| ROE the price implies | 3.4% | 8.0% | 4th least demanding of 21 |
| ROE delivered | 9.9% | 10.4% | 10th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Shaoxing Ruifeng Rural Commercial Bank 601528.SS | China | $1.60B | +4% | -8% | 10% | 0.51× | 3.4% | 9.9% |
| Republic Bancorp RBCAA | United States | $1.59B | +17% | -2% | 12% | 1.52× | 10.1% | 11.5% |
| Keiyo Bank 8544.T | Japan | $1.58B | -1% | +19% | 6% | 0.78× | 6.9% | 5.7% |
| Jiangsu Zhangjiagang Rural Commercial Bank 002839.SZ | China | $1.61B | -4% | -10% | 11% | 0.54× | 2.6% | 10.6% |
| Live Oak Bancshares LOB | United States | $1.57B | -10% | +9% | 11% | 1.30× | 17.1% | 11.1% |
| National Bank NBHC | United States | $1.63B | -14% | +14% | 4% | 1.01× | 9.0% | 3.6% |
| ConnectOne Bancorp CNOB | United States | $1.63B | +8% | +24% | 10% | 1.10× | 10.7% | 9.6% |
| Bank First BFC | United States | $1.64B | +1% | +33% | 12% | 1.98× | 10.9% | 11.9% |
| Origin Bancorp OBK | United States | $1.64B | +14% | +5% | 10% | 1.29× | 10.1% | 10.4% |
| Yibin City Commercial Bank 2596.HK | Hong Kong | $1.55B | +2% | +6% | 6% | 0.91× | 5.1% | 5.5% |
| Nanto Bank 8367.T | Japan | $1.65B | +7% | +13% | 6% | 0.81× | 5.9% | 6.1% |
| K Bank 279570.KS | South Korea | $1.53B | -18% | 0% | 6% | 0.93× | 5.3% | n/a |
| Bank of Nagoya 8522.T | Japan | $1.67B | -8% | +25% | 7% | 0.83× | 6.1% | 7.3% |
| TriCo Bancshares TCBK | United States | $1.67B | +2% | +4% | 11% | 1.26× | 9.6% | 10.6% |
| Bank of Tianjin 1578.HK | Hong Kong | $1.52B | -22% | -4% | 5% | 0.14× | 3.3% | 5.2% |
| Lakeland Financial LKFN | United States | $1.51B | -1% | +2% | 15% | 2.07× | 14.8% | 15.4% |
| Byline Bancorp BY | United States | $1.70B | +15% | +2% | 12% | 1.34× | 10.3% | 12.3% |
| Jiangsu Suzhou Rural Commercial Bank 603323.SS | China | $1.50B | -1% | -7% | 11% | 0.49× | 2.3% | 10.7% |
| Amalgamated Financial AMAL | United States | $1.47B | +18% | +12% | 15% | 1.77× | 13.0% | 15.3% |
| Musashino Bank 8336.T | Japan | $1.47B | -3% | +31% | 6% | 0.82× | 6.0% | 5.8% |
| Ogaki Kyoritsu Bank 8361.T | Japan | $1.75B | +45% | +39% | 6% | 0.66× | 6.1% | 5.6% |