The cash dividend distribution of the banking sector in the 2025 interim reports has attracted significant market attention. Data shows that among banks that have disclosed relevant information, cash dividends exhibit a clear differentiation trend.
From specific data, Shanghai Rural Commercial Bank Co.,Ltd. ranks first with a cash dividend ratio of 33.15%. According to data, since Shanghai Rural Commercial Bank Co.,Ltd. went public on August 19, 2021, its annual dividend ratios have consistently remained above 30%. The highest dividend ratio was recorded in its first year of listing in 2021 at 55.69%, with total cash dividends of 5.401 billion yuan. The ratios were approximately 30% in 2022-2023, then rose again to 33.91% in 2024.
Bank of Shanghai ranks second with 32.22%. Compared to previous annual dividend ratios, this represents the highest ratio since the bank's listing in 2016.
The six major state-owned banks - Bank of Communications, Postal Savings Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, and Bank of China - follow closely, ranking third through eighth respectively, with dividend ratios all around 30%.
China CITIC Bank, China Minsheng Banking Corp., Changshu Rural Commercial Bank, and Zhangjiagang Rural Commercial Bank have dividend ratios ranging from 24% to 28%.
Additionally, Bank of Changsha, Ping An Bank, Jiangsu Suning Bank, China Huaxia Bank, and Bank Of Ningbo Co.,Ltd. have cash dividend ratios varying between 13% and 18%.
This year marks Bank Of Ningbo Co.,Ltd.'s first interim dividend distribution, with a dividend ratio of 13.41%. According to statistical data, comparing this to the bank's annual dividend ratios since its listing in 2007, this interim dividend ratio represents the lowest since listing. In recent years, except for last year when the dividend ratio exceeded 20%, all others have been around 15%.
The 2025 interim report shows that Bank Of Ningbo Co.,Ltd.'s net profit growth attributable to shareholders maintained single-digit growth, consistent with the same period last year. Observing the bank's net profit growth performance since listing, except for the past two years' interim periods showing single-digit growth and negative growth in the 2009 interim report, all other interim reports have shown double-digit growth.
It is worth noting that besides Bank Of Ningbo Co.,Ltd., Changshu Rural Commercial Bank, Jiangsu Suning Bank, Zhangjiagang Rural Commercial Bank, and Bank of Changsha have all implemented interim dividends for the first time since their respective listings.
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