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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	45,339	45,460	43,453	41,075	37,093	31,927
Interest Paid on Deposits	25,123	24,761	22,699	21,705	19,222	16,574
Net Interest Income	20,216	20,700	20,754	19,371	17,871	15,354
Net Interest Income Growth (YoY)	-3.33%	-0.26%	7.14%	8.39%	16.39%	2.16%
Gain (Loss) on Sale of Assets	546.01	34.24	19.72	144.52	7.62	811.92
Gain (Loss) on Sale of Investments	-	-	4.03	-	-	-
Gain (Loss) on Sale of Equity Investments	134.24	134.24	34.03	40.64	-	57.18
Other Non-Interest Income	5,498	5,511	4,790	4,555	4,122	5,024
Total Non-Interest Income	6,178	5,680	4,848	4,740	4,129	5,893
Non-Interest Income Growth (YoY)	10.97%	17.16%	2.27%	14.78%	-29.92%	15.18%
Revenues Before Loan Losses	26,394	26,379	25,602	24,111	22,000	21,246
Provision for Loan Losses	2,706	3,206	3,865	4,498	5,608	3,932
Revenue	23,688	23,173	21,737	19,612	16,393	17,314
Revenue Growth (YoY)	2.63%	6.61%	10.83%	19.64%	-5.32%	12.88%
Selling, General & Administrative	8,675	8,599	7,799	7,222	6,344	6,437
Other Non-Interest Expense	325	343.12	285	279.42	257.47	233.34
Total Non-Interest Expense	9,500	8,942	8,084	7,501	6,601	6,671
EBT Excluding Unusual Items	14,188	14,231	13,653	12,111	9,791	10,643
Asset Writedown	-1.28	-1.56	-3.7	3.02	-	-
Other Unusual Items	707.57	656.97	19.72	64.01	108.98	49.04
Pretax Income	14,895	14,886	13,669	12,178	9,900	10,693
Income Tax Expense	2,396	2,399	2,276	2,131	1,482	1,754
Earnings From Continuing Operations	12,498	12,487	11,393	10,047	8,419	8,938
Minority Interest in Earnings	-271.8	-345.42	-418.8	-349.05	-257.9	-92.7
Net Income	12,226	12,142	10,974	9,698	8,161	8,846
Net Income to Common	12,226	12,142	10,974	9,698	8,161	8,846
Net Income Growth	-1.36%	10.64%	13.16%	18.84%	-7.74%	21.04%
Basic Shares Outstanding	9,636	9,644	9,644	9,001	8,680	8,672
Diluted Shares Outstanding	9,636	9,644	9,644	9,001	8,680	8,672
Shares Change (YoY)	0.11%	-	7.14%	3.70%	0.09%	7.98%
EPS (Basic)	1.27	1.26	1.14	1.08	0.94	1.02
EPS (Diluted)	1.27	1.26	1.14	1.08	0.94	1.02
EPS Growth	-1.47%	10.64%	5.62%	14.59%	-7.83%	12.09%
Dividend Per Share	0.618	0.379	0.342	0.560	-	0.190
Dividend Growth	80.70%	10.82%	-38.93%	-	-	2.70%
Effective Tax Rate	16.09%	16.12%	16.65%	17.50%	14.97%	16.41%

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