SRCB(SH:601825) Xin Lang Cai Jing·2025-11-13 01:34Summary of Key Points Core Viewpoint - Shanghai Rural Commercial Bank (沪农商行) shows a mixed performance in financing activities, with a slight decline in stock price and a low financing balance compared to historical levels, indicating potential investment opportunities and risks in the current market environment [1][2]. Financing Activities - On November 12, the bank's stock price decreased by 0.33%, with a trading volume of 134 million yuan. The financing buy-in amount was 9.28 million yuan, while the financing repayment was 10.47 million yuan, resulting in a net financing outflow of 1.19 million yuan [1]. - The total financing and securities balance as of November 12 was 16 million yuan, with the current financing balance at 15.1 million yuan, accounting for 0.18% of the market capitalization, which is below the 30th percentile of the past year, indicating a low level [1]. - In terms of securities lending, the bank repaid 14,800 shares and sold 26,700 shares on November 12, with a selling amount of 241,400 yuan. The securities lending balance was 8.55 million yuan, exceeding the 70th percentile of the past year, indicating a relatively high level [1]. Financial Performance - As of September 30, the number of shareholders increased to 74,000, a rise of 0.81%. The average circulating shares per person decreased by 0.19% to 126,678 shares [2]. - For the period from January to September 2025, the bank reported zero operating income but achieved a net profit attributable to shareholders of 10.57 billion yuan, reflecting a year-on-year growth of 0.78% [2]. Dividend Distribution - Since its A-share listing, the bank has distributed a total of 18.845 billion yuan in dividends, with 13.444 billion yuan distributed over the past three years [3].