A-Share Rural Commercial Bank's First Annual Report Released! Chongqing Rural Commercial Bank Achieves Double Growth in 2025 Revenue and Net Profit, Total Assets Reach 1.66 Trillion Yuan

The first annual report from a listed rural commercial bank in A-shares has been released.

On the evening of March 25, Yunnan Rural Commercial Bank (SH601077, stock price 7.13 yuan, market value 80.975 billion yuan, hereinafter “Chongqing Rural Commercial Bank”) published its 2025 annual report, becoming the first listed rural commercial bank in A-shares to disclose its 2025 annual report.

The financial report shows that as of the end of 2025, the bank’s total assets were approximately 1.66 trillion yuan, a year-on-year increase of 9.95%, the fastest growth in nearly four years; for the full year, operating income was about 28.648 billion yuan, and net profit was approximately 12.42 billion yuan, representing increases of 1.37% and 5.35%, respectively.

According to the annual report, the board of directors recommends a final cash dividend of 1.1755 yuan per 10 shares for 2025, totaling 1.335 billion yuan. Including the mid-year dividend, the total annual payout will reach 3.645 billion yuan, with a dividend payout ratio of 30.5%.

Net interest income increases by 7.85%

The annual report indicates that in 2025, Chongqing Rural Commercial Bank achieved operating income of about 28.648 billion yuan, a year-on-year increase of 1.37%; net profit was approximately 12.42 billion yuan, up 5.35%.

Looking at the income structure, nearly 85% of the bank’s operating income in 2025 came from net interest income, approximately 24.261 billion yuan, up 7.85%. As the bank strengthened deposit rate controls and adjusted its liability structure, the interest paid on customer deposits was 1.45%, down 28 basis points year-on-year; interest expenses were about 22.205 billion yuan, down 9.71%; net interest margin remained at 1.51%, unchanged from the previous year; net interest yield was 1.60%, down 1 basis point year-on-year.

[Image source: Yunnan Rural Commercial Bank 2025 Annual Report]

Due to market conditions, while net interest income grew, the bank’s fee-based business income declined. Specifically, net fee and commission income was 1.294 billion yuan, down 19.71%; other non-interest income was 3.093 billion yuan, down 25.55%. Non-interest income accounted for about 15% of total revenue.

The board of Chongqing Rural Commercial Bank proposes that at the end of 2025, it plans to distribute a cash dividend of 1.1755 yuan per 10 shares (tax included), totaling 1.335 billion yuan. The dividend distribution plan will be submitted for approval at the 2025 shareholders’ meeting, with dividends for A-shares and H-shares expected to be paid on June 16, 2026, and July 27, 2026, respectively.

Including the previous mid-year dividend for 2025, the bank will have distributed a total of 3.2091 yuan per 10 shares (tax included) in ordinary dividends for the year, totaling 3.645 billion yuan, with a payout ratio of 30.5%, unchanged from the previous year.

County-level loans account for over 50%

The annual report shows that as of the end of 2025, Chongqing Rural Commercial Bank’s total assets were approximately 1.66 trillion yuan, a 9.95% increase year-on-year, the highest growth in nearly four years.

On the liability side, as of the end of 2025, the bank’s total liabilities were about 1.53 trillion yuan, up 10.51% year-on-year. Customer deposits, the bank’s core liability source, reached approximately 1.03 trillion yuan, an increase of 9.21%.

[Image source: Yunnan Rural Commercial Bank 2025 Annual Report]

On the asset side, total customer loans and advances were about 7.97287 trillion yuan, up 11.62%, with loans accounting for 47.86% of total assets, an increase of 0.71 percentage points year-on-year.

In terms of corporate loans, the bank built a new business model centered on industrial chains last year, achieving full coverage of segmented industries within modern manufacturing clusters. By the end of 2025, the total of corporate loans and advances was about 4.34974 trillion yuan, up 21.46%.

Regionally, as of the end of 2025, county-level loans accounted for 50.78%, an increase of 2.40 percentage points year-on-year, with agricultural-related loans totaling about 265.504 billion yuan.

In retail banking, as of the end of 2025, personal deposits were approximately 8.80367 trillion yuan, up 8.88%, maintaining the largest market share in Chongqing; retail loans and advances totaled about 3.01022 trillion yuan, up 2.91%.

Regarding individual loan structure, personal business loans and mortgage loans decreased year-on-year, while other loans such as consumer loans and credit card loans increased by 18.35%, approximately 949.48 billion yuan.

In terms of asset quality, as of the end of 2025, the non-performing loan ratio was 1.08%, down 0.10 percentage points year-on-year. The non-performing loan ratio for corporate loans was 0.55%, down 0.49 percentage points; for retail loans, it was 2.07%, up 0.47 percentage points. The loan loss reserve coverage ratio was 367.26%, up 3.82 percentage points from the previous year.

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