Shanghai Rural Commercial Bank Co., Ltd. (SHA: 601825)

Shanghai Rural Commercial Bank Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	45,495	45,460	43,453	41,075	37,093	31,927
Interest Paid on Deposits	25,068	24,761	22,699	21,705	19,222	16,574
Net Interest Income	20,427	20,700	20,754	19,371	17,871	15,354
Net Interest Income Growth (YoY)	-2.72%	-0.26%	7.14%	8.39%	16.39%	2.16%
Gain (Loss) on Sale of Assets	543.08	34.24	19.72	144.52	7.62	811.92
Gain (Loss) on Sale of Investments	860.35	-	4.03	-	-	-
Gain (Loss) on Sale of Equity Investments	211.4	134.24	34.03	40.64	-	57.18
Other Non-Interest Income	4,351	5,511	4,790	4,555	4,122	5,024
Total Non-Interest Income	5,965	5,680	4,848	4,740	4,129	5,893
Non-Interest Income Growth (YoY)	6.27%	17.16%	2.27%	14.78%	-29.92%	15.18%
Revenues Before Loan Losses	26,392	26,379	25,602	24,111	22,000	21,246
Provision for Loan Losses	2,714	3,206	3,865	4,498	5,608	3,932
Revenue	23,678	23,173	21,737	19,612	16,393	17,314
Revenue Growth (YoY)	3.27%	6.61%	10.83%	19.64%	-5.32%	12.88%
Selling, General & Administrative	8,646	8,599	7,799	7,222	6,344	6,437
Other Non-Interest Expense	323.67	343.12	285	279.42	257.47	233.34
Total Non-Interest Expense	8,969	8,942	8,084	7,501	6,601	6,671
EBT Excluding Unusual Items	14,709	14,231	13,653	12,111	9,791	10,643
Asset Writedown	-1.26	-1.56	-3.7	3.02	-	-
Other Unusual Items	209.65	656.97	19.72	64.01	108.98	49.04
Pretax Income	14,917	14,886	13,669	12,178	9,900	10,693
Income Tax Expense	2,437	2,399	2,276	2,131	1,482	1,754
Earnings From Continuing Operations	12,479	12,487	11,393	10,047	8,419	8,938
Minority Interest in Earnings	-294.37	-345.42	-418.8	-349.05	-257.9	-92.7
Net Income	12,185	12,142	10,974	9,698	8,161	8,846
Net Income to Common	12,185	12,142	10,974	9,698	8,161	8,846
Net Income Growth	1.08%	10.64%	13.16%	18.84%	-7.74%	21.04%
Basic Shares Outstanding	9,644	9,644	9,644	9,001	8,680	8,672
Diluted Shares Outstanding	9,644	9,644	9,644	9,001	8,680	8,672
Shares Change (YoY)	-	-	7.14%	3.70%	0.09%	7.98%
EPS (Basic)	1.26	1.26	1.14	1.08	0.94	1.02
EPS (Diluted)	1.26	1.26	1.14	1.08	0.94	1.02
EPS Growth	0.81%	10.64%	5.62%	14.59%	-7.83%	12.09%
Dividend Per Share	0.379	0.379	0.342	0.560	-	0.190
Dividend Growth	10.82%	10.82%	-38.93%	-	-	2.70%
Effective Tax Rate	16.34%	16.12%	16.65%	17.50%	14.97%	16.41%

Source: S&P Capital IQ. Banks template. Financial Sources.