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

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

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

Specifically, in 2025, the bank achieved operating income of 28.648 billion yuan, a year-on-year increase of 1.37%; net profit attributable to shareholders was 12.128 billion yuan, a year-on-year increase of 5.35%, equivalent to earning 33.22 million yuan per day.

At the same time, Chongqing Rural Commercial Bank disclosed its 2025 dividend plan, proposing to distribute a cash dividend of 0.11755 yuan per share (tax included) to common shareholders, totaling 1.335 billion yuan (tax included). Including the interim dividend already distributed, the bank’s total cash dividend per share for the year amounted to 0.32091 yuan (tax included), totaling 3.645 billion yuan (tax included), which accounts for 30.05% of the net profit attributable to shareholders in 2025, the same as last year. Based on the closing price on March 26, the dividend yield of Chongqing Rural Commercial Bank reached 4.49%.

△Source: Tuchong

As of the end of 2025, the total asset size of Chongqing Rural Commercial Bank was 1.67 trillion yuan, a year-on-year increase of 9.95%, marking a four-year high growth rate. In terms of asset size, Chongqing Rural Commercial Bank is the “big brother” among rural commercial banks.

Net profit has achieved positive growth for five consecutive years

This is the second consecutive year that Chongqing Rural Commercial Bank has seen positive growth in operating income. Looking at the longer timeline, in 2021, the bank achieved operating income of 30.842 billion yuan, a year-on-year increase of 9.42%. However, from 2022 to 2023, the operating income of Chongqing Rural Commercial Bank declined for two consecutive years, with year-on-year decreases of 6.00% and 3.57%, respectively.

In 2024, Chongqing Rural Commercial Bank reversed the negative growth trend in year-on-year operating income, achieving operating income of 28.262 billion yuan, an increase of 306 million yuan year-on-year, with a growth rate of 1.09%. By 2025, the bank achieved operating income of 28.648 billion yuan, a slight increase of 1.37% compared to the previous year.

Unlike the previous year, in 2025, Chongqing Rural Commercial Bank relied on the growth of interest income to pull the revenue increase positive, while non-interest income actually decreased. Specifically, in 2025, Chongqing Rural Commercial Bank achieved net interest income of 24.261 billion yuan, an increase of 1.766 billion yuan year-on-year, with a growth rate of 7.85%.

Previously, the bank’s net interest income had declined for three consecutive years. From 2022 to 2024, the net interest income of the bank was 25.404 billion yuan, 23.493 billion yuan, and 22.495 billion yuan, with year-on-year decreases of 3.17%, 7.52%, and 4.25%, respectively.

In 2025, Chongqing Rural Commercial Bank achieved non-interest net income of 4.388 billion yuan, a year-on-year decrease of 1.379 billion yuan, a decline of 23.92%, accounting for 15.32% of operating income.

Regarding the reasons for the decline, the bank stated in its annual report that it was mainly affected by market conditions. Among them, net income from fees and commissions was 1.294 billion yuan, a year-on-year decrease of 19.71%; investment income and net gains/losses from fair value changes were 2.993 billion yuan, a year-on-year decrease of 855 million yuan, mainly due to fluctuations in market interest rates affecting the return on fund investments and other trading financial assets.

In terms of profit, since 2021, Chongqing Rural Commercial Bank has achieved positive growth in net profit for five consecutive years. In 2025, the bank achieved a net profit attributable to shareholders of 12.128 billion yuan, a year-on-year increase of 5.35%.

Last year, Chongqing Rural Commercial Bank continued to reduce costs in management expenses. During the reporting period, the bank’s business and management expenses were 8.943 billion yuan, a year-on-year decrease of 0.68%, with a cost-to-income ratio of 31.22%, a year-on-year decrease of 0.64 percentage points.

△Source: Tuchong

In terms of asset quality, as of the end of 2025, the bank’s non-performing loan ratio was 1.08%, a decrease of 0.10 percentage points from the end of the previous year, maintaining a downward trend for five consecutive years; the provisioning coverage ratio was 367.26%, a year-on-year increase of 3.82 percentage points.

It is worth noting that although Chongqing Rural Commercial Bank’s non-performing loan ratio has decreased, in 2025, the balance of non-performing loans was 8.589 billion yuan, an increase of 170 million yuan from the end of the previous year, and there was growth in normal, attention, substandard, and loss loans.

As of the end of 2025, the bank’s capital adequacy ratio was 14.46%, a decrease of 1.66 percentage points from the end of the previous year; the core Tier 1 capital adequacy ratio and Tier 1 capital adequacy ratio were 12.67% and 13.27%, respectively, both down 1.57 and 1.66 percentage points from the end of the previous year.

Secretary’s qualifications just approved

Chongqing Rural Commercial Bank was established in 1951 as the Chongqing Rural Credit Cooperative and has a history of over 70 years. In 2003, Chongqing became one of the first pilot provinces and cities for the reform of rural credit cooperatives, and rural credit cooperatives began to undergo reform and restructuring.

In 2008, Chongqing Rural Commercial Bank was officially established. In 2010, the bank was listed on the Hong Kong Stock Exchange, and in 2019, it was listed on the Shanghai Stock Exchange’s main board, becoming the first rural commercial bank in the country to be listed with both “A+H” shares and the first “A+H” listed bank in the western region.

In the year of its A-share listing, Chongqing Rural Commercial Bank’s total assets reached 1.03 trillion yuan, becoming the first rural commercial bank in the country with assets exceeding one trillion yuan. From 2020 to 2023, the total assets of Chongqing Rural Commercial Bank continued to grow, increasing from 1.14 trillion yuan to 1.44 trillion yuan.

In recent years, there have been frequent changes in the bank’s senior management. At the beginning of this year, the qualifications of the new chairman Liu Xiaojun were just approved by the regulators. In October 2024, the former chairman Xie Wenhui resigned from all positions due to a job transfer and took over as the party secretary and chairman of Chongqing Yufu Holding Group Co., Ltd.

△Source: Tuchong

At that time, the bank’s president Sui Jun acted as chairman. In early 2025, the resignation of the bank’s executive director, vice president, and secretary Zhang Peizong occurred, leading Sui Jun to hold the three core positions of president, chairman, and secretary.

In April last year, Chongqing Rural Commercial Bank announced that, after deliberation by the board of directors, new party secretary Liu Xiaojun was nominated as a candidate for executive director and elected as chairman, and the position of chairman was not finalized until January 2026.

In addition, in August last year, the bank’s board of directors agreed to appoint Tan Bin as the secretary of the board, and president Sui Jun, who had concurrently served as secretary for eight months, was finally able to step down. On March 20 of this year, Tan Bin’s qualifications were approved by the regulators. Thus, the senior management team of Chongqing Rural Commercial Bank has also welcomed stability.

It is worth mentioning that at the beginning of this year, Chongqing Rural Commercial Bank also announced that some directors and senior management personnel would increase their holdings. The announcement stated that from January 5 to January 7, 2026, some directors and senior executives purchased 192,000 shares of the bank’s A-shares with their own funds in the secondary market, at a transaction price range of 6.36 to 6.42 yuan per share. This increase in holdings involved a maximum amount of 1.2326 million yuan.

The directors and senior executives participating in this increase included executive director and chairman Liu Xiaojun, executive director and president Sui Jun, and four vice presidents Zhang Jin, Tan Bin, Tang Li, and Liu Yi (proposed).