The "Number One" of rural commercial banks earns 33.22 million yuan daily! Cash dividends exceed 3.6 billion yuan, and Yunnan Rural Commercial Bank's dividend yield reaches 4.49%

Source: Economic Observer

The first annual report from a publicly listed rural commercial bank is here!

On the evening of March 25, Chongqing Rural Commercial Bank (601077.SH) released its 2025 annual report, achieving both revenue and net profit growth.

Specifically, in 2025, the bank achieved operating revenue of RMB 28.648 billion, up 1.37% year over year; it achieved attributable net profit of RMB 12.128 billion, up 5.35% year over year, equivalent to earning RMB 33.22 million per day.

Meanwhile, Chongqing Rural Commercial Bank disclosed its 2025 dividend plan, proposing to distribute cash dividends of RMB 0.11755 per share to ordinary shareholders (including tax), totaling RMB 1.335 billion (including tax). Combined with the interim dividends already distributed, the bank’s total cash dividends for the full year to all shareholders amount to RMB 0.32091 per share (including tax), totaling RMB 3.645 billion (including tax). This represents 30.05% of the bank’s attributable net profit for 2025, unchanged from the previous year. If calculated based on the closing price on March 26, Chongqing Rural Commercial Bank’s dividend yield reaches 4.49%.

By the end of 2025, Chongqing Rural Commercial Bank’s total asset size was RMB 1.67 trillion, up 9.95% from the end of the prior year, with the growth rate reaching a 4-year high. In terms of asset size, Chongqing Rural Commercial Bank is the “biggest” rural commercial bank.

Net profit has recorded positive growth for 5 consecutive years

This is the second consecutive year that Chongqing Rural Commercial Bank’s operating revenue growth rate has been positive. Looking further back, in 2021, the bank achieved operating revenue of RMB 30.842 billion, up 9.42% year over year. However, from 2022 to 2023, Chongqing Rural Commercial Bank’s revenue declined for two consecutive years, down 6.00% and 3.57% year over year, respectively.

In 2024, Chongqing Rural Commercial Bank’s year-over-year operating revenue growth rate turned from negative to positive, with operating revenue of RMB 28.262 billion, an increase of RMB 0.306 billion year over year, with a growth rate of 1.09%. In 2025, the bank achieved operating revenue of RMB 28.648 billion, a slight increase versus last year, with growth of 1.37%.

Unlike the previous year, in 2025, Chongqing Rural Commercial Bank relied on growth in interest income to turn up the growth rate of revenue, rather than net interest income, which actually declined somewhat. Specifically, in 2025, the bank achieved net interest income of RMB 24.261 billion, an increase of RMB 1.766 billion year over year, up 7.85%.

Previously, the bank’s net interest income had declined for three consecutive years. From 2022 to 2024, the bank’s net interest income was RMB 25.404 billion, RMB 23.493 billion, and RMB 22.495 billion, respectively, down 3.17%, 7.52%, and 4.25% year over year, respectively.

In 2025, Chongqing Rural Commercial Bank achieved non-interest net income of RMB 4.388 billion, down RMB 1.379 billion year over year, a decline of 23.92%, with non-interest net income as a percentage of operating revenue at 15.32%.

Regarding the reasons for the decline, in its annual report the bank said it was mainly affected by market conditions. Among them, net fee and commission income was RMB 1.294 billion, down 19.71% year over year; net profit from investment and fair value changes was RMB 2.993 billion, down RMB 0.855 billion year over year. This was mainly due to fluctuations in market interest rates, which reduced the yields of trading financial assets such as fund investments.

As for profit, since 2021, Chongqing Rural Commercial Bank has already delivered positive net profit growth for 5 consecutive years. In 2025, the bank achieved attributable net profit of RMB 12.128 billion, up 5.35% year over year.

Last year, Chongqing Rural Commercial Bank continued to cut costs by reducing administrative expenses. During the reporting period, the bank’s business and administrative fees were RMB 8.943 billion, down 0.68% year over year, with a cost-to-income ratio of 31.22%, down 0.64 percentage points year over year.

In terms of asset quality, as of the end of 2025, the bank’s non-performing loan ratio was 1.08%, down 0.10 percentage points from the end of the prior year, maintaining a downward trend for 5 consecutive years; the allowance coverage ratio was 367.26%, up 3.82 percentage points year over year.

It is worth noting that although Chongqing Rural Commercial Bank’s non-performing loan ratio fell. In 2025, the bank’s non-performing loan balance was RMB 8.589 billion, up RMB 0.17 billion from the end of the prior year, with growth in loans classified as pass, special mention, substandard, and loss categories.

As of the end of 2025, the bank’s capital adequacy ratio was 14.46%, down 1.66 percentage points from the end of the prior year; its core tier-one capital adequacy ratio and tier-one capital adequacy ratio were 12.67% and 13.27%, respectively, down 1.57 and 1.66 percentage points from the end of the prior year.

The qualifications for the General Secretary’s appointment were just approved

The predecessor of Chongqing Rural Commercial Bank was the Chongqing Rural Credit Cooperatives, established in 1951, with a history of more than 70 years to date. In 2003, Chongqing became one of the first provinces and cities nationwide selected for reforms of rural credit cooperatives, and rural credit cooperatives began reform and restructuring.

In 2008, Chongqing Rural Commercial Bank was set up and listed. In 2010, Chongqing Rural Commercial Bank listed on the Hong Kong Stock Exchange. In 2019, Chongqing Rural Commercial Bank listed on the main board of the Shanghai Stock Exchange, becoming the first rural commercial bank listed on both the A-share and H-share markets nationwide, and the first bank in western China listed on both A-share and H-share markets.

In the year it listed on the A-share market, Chongqing Rural Commercial Bank’s total asset size reached RMB 1.03 trillion, becoming the first rural commercial bank in China with assets of RMB 1 trillion. After that, from 2020 to 2023, Chongqing Rural Commercial Bank’s total asset size continued to grow, rising from RMB 1.14 trillion to RMB 1.44 trillion.

Over the past two years, Chongqing Rural Commercial Bank’s senior management has changed frequently. Earlier this year, the regulatory approval for the appointment qualifications of the bank’s newly appointed chairman, Liu Xiaojun, was just confirmed. In October 2024, the bank’s former chairman, Xie Wenhui, stepped down as chairman and other positions due to a work reassignment, and switched to serve as Party Secretary and Chairman of Chongqing Yufu Holding Group Co., Ltd.

At that time, Su Jun, the bank’s president, temporarily carried out the duties of chairman. At the start of 2025, the departure of Zhang Peizong, executive director, vice president, and secretary of the board, resulted in Su Jun taking on the three key roles of president, chairman, and secretary of the board in one person.

Last April, Chongqing Rural Commercial Bank announced that, after deliberation and approval by the board of directors, it nominated Liu Xiaojun, the newly appointed Party Secretary, as a candidate for executive director, and elected Liu Xiaojun as chairman, until January 2026, when the role of chairman was truly finalized.

In addition, in August last year, the bank’s board of directors agreed to appoint Tan Bin as the secretary to the board, and President Su Jun simultaneously served as the secretary to the board for as long as eight months, finally allowing him to step down from the role. On March 20 this year, Tan Bin’s appointment qualifications were approved by regulators. As a result, Chongqing Rural Commercial Bank’s senior management team also gained stability.

It is also worth mentioning that at the beginning of this year, Chongqing Rural Commercial Bank also released an announcement regarding senior management share increases. The announcement shows that between January 5 and January 7, 2026, certain directors and senior management of the company bought 192,000 A shares of the bank from the secondary market using their own funds. The transaction price range was RMB 6.36 to RMB 6.42 per share. The total amount involved in this share increase reached up to RMB 1.2326 million.

The directors and senior management participating in this share increase are, respectively, executive director and chairman Liu Xiaojun, executive director and president Su Jun, and four vice presidents Zhang Jin, Tan Bin, Tang Li, and Liu Yi (proposed).

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责任编辑：王馨茹