Financials Bank of Shanghai Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 2024-12-02			5-day change	1st Jan Change
8.110 ^CNY	-1.10%		-0.37%	+35.85%

Dec. 02	Bank of Shanghai Issues 20 Billion Yuan Bonds	MT
Nov. 13	Bank of Shanghai Chooses Linedata's Global Hedge Solution to Improve Reporting Capabilities	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	49,800	50,746	56,230	53,112	50,564	50,758	52,567	55,018
Change	-	1.9%	10.81%	-5.55%	-4.8%	0.38%	3.56%	4.66%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	22,230	22,321	23,558	24,025	26,030	32,410	36,228	37,988
Change	-	0.41%	5.54%	1.98%	8.35%	24.51%	11.78%	4.86%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	22,377	22,410	23,555	24,044	25,897	26,724	27,155	28,288
Change	-	0.15%	5.11%	2.08%	7.71%	3.19%	1.61%	4.17%
Net income ¹	20,298	20,885	22,042	22,280	22,545	22,867	23,763	24,746
Change	-	2.89%	5.54%	1.08%	1.19%	1.43%	3.92%	4.14%
Announcement Date	1/13/20	1/8/21	3/2/22	3/16/23	3/22/24	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	13,086	27,844	12,124	13,211	13,822	13,883	13,751	14,774	14,229	13,713	13,732	11,439	13,215	13,145	12,913	11,291	13,094	13,154	13,295	12,295	13,801	13,801	12,937	12,937	14,466	14,466	13,769
Change	-	112.78%	-56.46%	8.96%	4.62%	0.44%	-0.95%	7.44%	-3.69%	-3.62%	0.14%	-16.69%	15.52%	-0.53%	-1.77%	-12.56%	15.96%	0.46%	1.07%	-7.52%	12.25%	0%	-6.26%	0%	11.82%	0%	-4.82%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	5,673	6,582	3,740	6,415	6,121	7,414	4,310	5,710	6,209	7,446	4,788	-	-	-	-	6,260	7,252	8,068	5,232	5,873	7,339	7,339	6,142	6,142	7,634	7,634	6,538
Change	-	16.02%	-43.18%	71.54%	-4.58%	21.12%	-41.87%	32.5%	8.73%	19.92%	-35.69%	-100%	-	-	-	-	15.85%	11.26%	-35.15%	12.24%	24.96%	0%	-16.31%	0%	24.29%	0%	-14.35%
Net income	5,237	5,894	3,921	5,833	5,554	6,724	4,366	5,398	5,853	6,821	4,493	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	12.54%	-33.48%	48.78%	-4.79%	21.08%	-35.07%	23.62%	8.44%	16.54%	-34.14%	-100%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	4/28/20	8/21/20	10/23/20	1/8/21	4/30/21	8/13/21	10/27/21	3/2/22	4/28/22	8/25/22	10/26/22	3/16/23	5/26/23	8/26/23	10/26/23	3/22/24	4/25/24	8/28/24	10/30/24	-	-	-	-	-	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	1/13/20	1/8/21	3/2/22	3/16/23	3/22/24	-	-	-

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023
CAPEX ¹	1,432	741.7	1,128	958.5	689.4	1,154
Change	-	-48.21%	52.1%	-15.04%	-28.08%	67.38%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	4/19/19	4/24/20	4/24/21	4/21/22	4/27/23	4/26/24

¹CNY in Million

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	44.64%	43.99%	41.9%	45.23%	51.48%	63.85%	68.92%	69.05%
EBT Margin (%)	-	44.93%	44.16%	41.89%	45.27%	51.22%	52.65%	51.66%	51.42%
Net margin (%)	-	40.76%	41.16%	39.2%	41.95%	44.59%	45.05%	45.2%	44.98%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.95%	0.89%	0.86%	0.81%	0.76%	0.7%	0.69%	0.68%
ROE	-	12.94%	12.09%	11.14%	11%	10.36%	9.63%	9.36%	9.15%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.4	0.4	0.4	0.4	0.46	0.4457	0.4706	0.4922
Change	-	-	0%	0%	0%	15%	-3.1%	5.57%	4.61%
Book Value Per Share ¹	-	12.44	12	13.04	14.16	16.79	16.46	17.77	19.03
Change	-	-	-3.53%	8.67%	8.59%	18.6%	-1.99%	7.95%	7.1%
EPS ¹	-	1.36	1.4	1.35	1.35	1.53	1.548	1.609	1.675
Change	-	-	2.94%	-3.57%	0%	13.33%	1.2%	3.89%	4.13%
Nbr of stocks (in thousands)	-	14,206,529	14,206,529	14,206,625	14,206,662	14,206,668	14,206,678	14,206,678	14,206,678
Announcement Date	-	1/13/20	1/8/21	3/2/22	3/16/23	3/22/24	-	-	-