Announcement • Apr 24
Bank of Shanghai Co., Ltd., Annual General Meeting, May 22, 2026 Bank of Shanghai Co., Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: 3F, No. 18, Dongyuan Road, Pudong New Area, Shanghai China Announcement • Mar 30
Bank of Shanghai Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Bank of Shanghai Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 26
Bank of Shanghai Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Bank of Shanghai Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.33 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.33 in 3Q 2024). Revenue: CN¥8.58b (down 2.3% from 3Q 2024). Net income: CN¥4.84b (up 4.9% from 3Q 2024). Profit margin: 56% (up from 53% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Bank of Shanghai Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Bank of Shanghai Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.49 (vs CN¥0.48 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.49 (up from CN¥0.48 in 2Q 2024). Revenue: CN¥11.9b (up 6.9% from 2Q 2024). Net income: CN¥6.94b (up 1.8% from 2Q 2024). Profit margin: 58% (down from 61% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 30
Bank of Shanghai Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Bank of Shanghai Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jun 10
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Price Target Changed • May 01
Price target increased by 11% to CN¥10.47 Up from CN¥9.42, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥10.38. Stock is up 42% over the past year. The company is forecast to post earnings per share of CN¥1.66 for next year compared to CN¥1.60 last year. Announcement • Apr 25
Bank of Shanghai Co., Ltd., Annual General Meeting, May 16, 2025 Bank of Shanghai Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: 3F, No. 18, Dongyuan Road, Pudong New Area, Shanghai China Announcement • Mar 28
Bank of Shanghai Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Bank of Shanghai Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Price Target Changed • Mar 25
Price target increased by 14% to CN¥9.42 Up from CN¥8.28, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥9.43. Stock is up 40% over the past year. The company is forecast to post earnings per share of CN¥1.56 for next year compared to CN¥1.53 last year. Announcement • Dec 27
Bank of Shanghai Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Bank of Shanghai Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Announcement • Nov 13
Citigroup Inc. and Bank of Shanghai Launches First-Of-Its-Kind Payments Solution for International Travelers in China Citigroup Inc. and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai’s TourCard. The TourCard aims to provide international travelers a straightforward, cost-efficient and more streamlined Chinese yuan renminbi (CNY) payment journey while traveling in China. The payment service is facilitated by Citi’s USD Clearing solution and its full-value transfers, which ensures the final beneficiary receives their money at full value with no deductions. The innovation helps enable travelers to add funds to their TourCard digital account with Bank of Shanghai from another source, helping to make the payment experience smoother when settling expenses locally. Mobile wallets have become the dominant payment method in China, with over 84% of users utilizing them for transactions in the past year. However, international payments are often impacted by credit card acceptance issues, high interchange costs, and foreign exchange (FX) charges, causing friction in the process. With Bank of Shanghai’s TourCard solution powered by Citi, travelers can get access to local currency in China by linking a Bank of Shanghai CNY virtual account to their respective digital wallets in the Bank of Shanghai TourCard mini-app. The funding and final return of funds will happen through a Citi full-value transfer solution, powered by Swift Go and using Citi’s proprietary SwiftGo converter. Swift Go is Swift’s fast, secure and predictable low-value payments solution that offers end-to-end visibility on payment status, as well as transparency on fees and FX costs. Bank of Shanghai's TourCard is a prepaid card specifically designed for overseas travelers to make mobile payments in China. After they enter mainland China, overseas travelers can apply for a TourCard online via Bank of Shanghai or China-based digital wallet apps, and it is valid for 90 days from the date of issuance. Bank of Shanghai is the first bank approved by Chinese regulators for the TourCard flow. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.32 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.33 (up from CN¥0.32 in 3Q 2023). Revenue: CN¥8.78b (flat on 3Q 2023). Net income: CN¥4.62b (up 2.4% from 3Q 2023). Profit margin: 53% (up from 52% in 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Announcement • Sep 30
Bank of Shanghai Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Bank of Shanghai Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.48 (vs CN¥0.47 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.48 (up from CN¥0.47 in 2Q 2023). Revenue: CN¥11.3b (up 2.8% from 2Q 2023). Net income: CN¥6.82b (flat on 2Q 2023). Profit margin: 60% (down from 62% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Price Target Changed • Aug 29
Price target increased by 7.5% to CN¥7.53 Up from CN¥7.00, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥7.27. Stock is up 22% over the past year. The company is forecast to post earnings per share of CN¥1.55 for next year compared to CN¥1.53 last year. Announcement • Jun 28
Bank of Shanghai Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Bank of Shanghai Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • May 09
Bank of Shanghai Co., Ltd., Annual General Meeting, May 30, 2024 Bank of Shanghai Co., Ltd., Annual General Meeting, May 30, 2024, at 14:00 China Standard Time. Location: 3F, No. 18, Dongyuan Road, Pudong New Area, Shanghai China Announcement • Mar 30
Bank of Shanghai Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Bank of Shanghai Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Dec 30
Bank of Shanghai Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Bank of Shanghai Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.32 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.32. Revenue: CN¥8.74b (up 7.5% from 3Q 2022). Net income: CN¥4.51b (flat on 3Q 2022). Profit margin: 52% (down from 55% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in China. Announcement • Sep 30
Bank of Shanghai Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Bank of Shanghai Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Price Target Changed • Sep 26
Price target increased by 7.8% to CN¥6.67 Up from CN¥6.19, the current price target is an average from 5 analysts. New target price is 7.6% above last closing price of CN¥6.20. Stock is up 5.3% over the past year. The company is forecast to post earnings per share of CN¥1.60 for next year compared to CN¥1.50 last year. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.48 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.48 (down from CN¥0.48 in 2Q 2022). Revenue: CN¥11.4b (up 11% from 2Q 2022). Net income: CN¥6.79b (flat on 2Q 2022). Profit margin: 60% (down from 67% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Mar 31
Price target decreased by 9.5% to CN¥6.63 Down from CN¥7.33, the current price target is an average from 4 analysts. New target price is 11% above last closing price of CN¥5.99. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥1.66 for next year compared to CN¥1.50 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings: Revenues miss analyst expectations Third quarter 2022 results: Revenue: CN¥8.12b (up 13% from 3Q 2021). Net income: CN¥4.49b (up 2.9% from 3Q 2021). Profit margin: 55% (down from 61% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Reported Earnings • Aug 27
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: CN¥10.2b (flat on 2Q 2021). Net income: CN¥6.82b (up 1.4% from 2Q 2021). Profit margin: 67% (up from 65% in 2Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 68%, compared to a 57% growth forecast for the Banks industry in China. Price Target Changed • Jun 02
Price target decreased to CN¥7.19 Down from CN¥8.10, the current price target is an average from 6 analysts. New target price is 12% above last closing price of CN¥6.40. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥1.59 for next year compared to CN¥1.48 last year. Reported Earnings • Apr 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥1.48 (up from CN¥1.40 in FY 2020). Revenue: CN¥36.2b (up 12% from FY 2020). Net income: CN¥21.0b (up 5.8% from FY 2020). Profit margin: 58% (down from 61% in FY 2020). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 1.74% (down from 1.82% in FY 2020). Cost-to-income ratio: 21.5% (up from 18.9% in FY 2020). Non-performing loans: 1.25% (up from 1.22% in FY 2020). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 60%, compared to a 50% growth forecast for the banks industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS CN¥1.40 (vs CN¥1.36 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥32.4b (flat on FY 2019). Net income: CN¥19.8b (up 3.1% from FY 2019). Profit margin: 61% (up from 59% in FY 2019). Net interest margin (NIM): 1.82% (up from 1.78% in FY 2019). Cost-to-income ratio: 18.9% (down from 20.0% in FY 2019). Non-performing loans: 1.22% (up from 1.16% in FY 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 15
New 90-day high: CN¥8.72 The company is up 11% from a price of CN¥7.89 on 15 December 2020. Outperformed the Chinese market which is flat over the last 90 days. Lagged the Banks industry, which is up 13% over the same period. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.16 per share. Is New 90 Day High Low • Feb 05
New 90-day high: CN¥8.65 The company is up 10.0% from its price of CN¥7.87 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥15.39 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥7.75 The company is down 6.0% from its price of CN¥8.25 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.38 per share. Is New 90 Day High Low • Nov 14
New 90-day low: CN¥7.80 The company is down 9.0% from its price of CN¥8.53 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.99 per share. Major Estimate Revision • Oct 30
Analysts lower EPS estimates to CN¥1.30 The 2020 consensus revenue estimate was lowered from CN¥52.0b to CN¥51.1b. Earning per share (EPS) estimate was also lowered from CN¥1.47 to CN¥1.30 for the same period. Net income is expected to grow by 20% next year compared to 13% growth forecast for the Banks industry in China. The consensus price target was lowered from CN¥8.52 to CN¥8.39. Share price is down by 7.6% to CN¥7.85 over the past week. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥8.04 The company is down 3.0% from its price of CN¥8.26 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.90 per share. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥18.0b, down 5.9% from the prior year. Total revenue was CN¥29.9b over the last 12 months, down 7.0% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 25
Third-quarter earnings released: Earnings miss expectations Earnings per share (EPS) missed analyst estimates by 24% at CN¥0.28. Revenue is forecast to grow 84% over the next year, compared to a 68% growth forecast for the Banks industry in China. Announcement • Oct 20
Bank of Shanghai Co., Ltd. to Report Q3, 2020 Results on Oct 24, 2020 Bank of Shanghai Co., Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020 Announcement • Jul 08
Bank of Shanghai Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Bank of Shanghai Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020 
