Investment Rating - The investment rating for the company is "Buy" with a current price of 10.28 CNY and a reasonable value of 10.97 CNY [2]. Core Insights - The company has shown significant performance recovery, with a net profit growth rate of 25.9% for the first three quarters of 2024, ranking first among listed banks [3][4]. - The new management team has adopted a more proactive approach, focusing on improving asset quality and increasing dividends, indicating confidence in future performance [4][36]. - The bank is leveraging its regional advantages in the Yangtze River Delta and is actively investing in this area, with 52.5% of total assets located in the headquarters and 30.5% in the Yangtze River Delta branches [3][4]. Summary by Sections Historical Development - The company was established in 1992 and has undergone several phases of growth, including a focus on corporate banking and a shift towards digital transformation in recent years [43][44][46]. Strategic Focus - The bank is concentrating on five key areas: technology finance, supply chain finance, inclusive finance, cross-border finance, and treasury finance, as part of its digital transformation strategy [3][4][46]. Asset Quality and Profitability - The bank has improved its asset quality, with a non-performing loan ratio of 1.38% as of Q3 2024, and has maintained a high provision coverage ratio of 183.85% [36][4]. - Profitability is expected to grow, with projected net profit growth rates of 16.4% and 12.4% for 2024 and 2025, respectively [4].

公告编号：临2024-065 证券代码：600000 证券简称：浦发银行 转债代码：110059 转债简称：浦发转债 优先股代码：360003 360008 优先股简称：浦发优1 浦发优2 上海浦东发展银行股份有限公司 优先股一期股息发放实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 上海浦东发展银行股份有限公司（以下简称"公司"）优先股一期（以下简称"浦发 优1"，代码360003）股息发放议案，已经公司2024年10月29日召开的董事会审议通过。 现将具体实施事项公告如下： 一、浦发优1派息方案 1. 发放金额：本次股息发放的计息起始日为2023年12月3日，按照浦发优1第二个 股息率调整期的票面股息率5.58%计算，每股发放现金股息人民币5.58元（含税），合 计人民币8.37亿元（含税）。 2. 发放对象：截至2024年12月2日上海证券交易所收市后，在中国证券登记结算有 限责任公司上海分公司登记在册的公司全体浦发优1股东。 1 1. 最后交易日：2024年11月29日（星期五） 4. 股息发 ...

Investment Rating - The investment rating for the company is "Accumulate" (Maintain) [2] Core Views - The company reported a revenue decline of 2.2% year-on-year for the first three quarters of 2024, while net profit attributable to shareholders increased by 25.9%, with a significant Q3 growth of 69.9% [2] - The bank achieved a historical high in credit growth, with a loan increase of approximately 350 billion, primarily driven by corporate loans [3] - The net interest margin for the first three quarters was 1.46%, showing a slight decrease compared to the first half of 2024 [3] - Asset quality improved with a decrease in non-performing loans and an increase in the provision coverage ratio [3] Summary by Sections Financial Performance - For the first three quarters of 2024, the company experienced a revenue decline of 2.2% and a net profit increase of 25.9%, with Q3 figures showing a revenue growth of 0.01% and a profit growth of 69.9% [2] - Net interest income decreased by 4.8% year-on-year, while investment-related income increased by 13.5% [2][3] Loan Growth - The loan growth rate improved from 2.2% in Q4 2023 to 9.1% in Q3 2024, with corporate loans growing at 16.4% [3] - The bank added approximately 350 billion in new loans during the first three quarters, with corporate loans contributing 96% of this increase [3] Interest Margin and Costs - The net interest margin was reported at 1.46%, a decrease of 2 basis points from the first half of 2024 and 6 basis points from the end of the previous year [3] - The bank managed to reduce the interest rates on deposits, with a year-on-year decrease of 17 basis points [3] Asset Quality - The non-performing loan ratio decreased to 1.38%, with a provision coverage ratio increase to 184% [3] - The overall credit cost slightly decreased to 0.81% [2][3] Earnings Forecast - The earnings per share (EPS) for 2024 and 2025 are projected to be 1.54 and 1.57 respectively, with a projected net asset value per share of 22.19 by the end of 2024 [4]

中国经济网北京11月9日讯 中国人民银行宁波市分行近日公布的行政处罚信息公示表（甬银罚决字 〔2023〕14号）显示，上海浦东发展银行股份有限公司宁波分行（简称"浦发银行宁波分行"）存在以下 违法行为类型：1.(1)违反账户管理相关规定；（2）违反防范电信网络新型违法犯罪有关事项规定；2. 违反征信管理相关规定；3.（1）未按规定履行客户身份识别义务；（2）未按规定报送可疑交易报告； 4.违反金融消费权益保护管理相关规定。 中国人民银行宁波市分行对浦发银行宁波分行警告，罚款201.5万元。 同时公布的甬银罚决字〔2023〕15号显示，王亮平（时任浦发银行宁波分行零售业务部总经理）对浦发 银行宁波分行以下违法违规行为负有责任：未按规定履行客户身份识别义务。 中国人民银行宁波市分行对王亮平罚款1万元。 甬银罚决字〔2023〕16号显示，朱小鹏（时任浦发银行宁波分行法律合规部总经理）对浦发银行宁波分 行以下违法违规行为负有责任：未按规定报送可疑交易报告。 中国人民银行宁波市分行对朱小鹏罚款3.2万元。 甬银罚决字〔2023〕17号显示，王珍敏（时任浦发银行宁波分行信用卡部总经理）对浦发银行宁波分行 以下违法违规行为 ...

近日，公司收到《国家金融监督管理总局关于浦发银行修改公司章程的批复》 （金复﹝2024﹞707号）。国家金融监督管理总局已核准公司修订后的《公司章 程》，《公司章程》自核准之日起生效。 修订后的《公司章程》全文请参见上海证券交易所网站（www.sse.com.cn） 和公司网站（www.spdb.com.cn）。 公告编号：临2024-064 证券代码：600000 证券简称：浦发银行 转债代码：110059 转债简称：浦发转债 优先股代码：360003 360008 优先股简称：浦发优1 浦发优2 上海浦东发展银行股份有限公司 关于公司章程修订获核准的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海浦东发展银行股份有限公司（以下简称"公司"）于2022年6月17日召 开的2021年年度股东大会审议通过了《公司关于修订<公司章程>的议案》。根据 股东大会的授权和国家金融监督管理总局的意见，公司对《上海浦东发展银行股 份有限公司章程》（以下简称《公司章程》）修订内容的文字表述做了相应调整 和完善。 特此公告。 上海浦东 ...

上海浦东发展银行股份有限公司章程 （经国家金融监督管理总局2024年11月4日金复﹝2024﹞707号核准并生效） 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第四章 党组织（党委） 第五章 股东和股东会 第六章 董事会 第七章 高级管理层 第八章 监事会 第九章 财务会计制度、利润分配和审计 第十章 通知与公告 第十一章 合并、分立、解散和清算 第十二章 修改章程 第十三章 附则 1 目 录 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第一节 股东 第二节 股东会的一般规定 第三节 股东会的召集 第四节 股东会的提案与通知 第五节 股东会的召开 第六节 股东会的表决和决议 第一节 董事 第二节 独立董事 第三节 董事会 第四节 董事会秘书 第一节 监事 第二节 监事会 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第一节 通知 第二节 公告 第一节 合并或分立 第二节 解散和清算 第一章 总 则 第一条 为维护上海浦东发展银行股份有限公司（以下简称"本公司"）、股东和 相关利益者的合法权益，规范本公司的组织和行为，根据《中国共产党章程》、《中华 人民共和国公司法 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 20% relative to the market benchmark index within the next six months [20]. Core Insights - The company's performance has significantly improved, with revenue growth and net profit growth recorded at -2.2% and 25.9% respectively for the first three quarters of 2024, showing notable improvements compared to the first half of the year [1]. - Asset quality is showing marginal improvement, with a non-performing loan ratio of 1.38% as of September 2024, down 3 basis points from June 2024, and a provision coverage ratio of 184%, up 8.5 percentage points [2]. - The company continues to increase its credit issuance, with loans growing by 9.01% year-on-year as of September 2024, reflecting a 2.2 percentage point increase from June 2024 [3]. - Profit forecasts for 2024-2026 have been adjusted, with expected net profit growth rates of 26.85%, 9.02%, and 9.73% respectively, indicating improved profit elasticity due to significantly reduced credit costs [4]. Summary by Sections Financial Performance - Revenue for 2024 is projected at 1735 billion, with a growth rate of 0.01%, while net profit is expected to reach 466 billion, reflecting a growth rate of 26.85% [6]. - The company’s earnings per share (EPS) is forecasted to be 1.59 yuan in 2024, with a price-to-earnings (P/E) ratio of 6.27 [6]. Asset Quality - The non-performing loan ratio has decreased to 1.38%, and the provision coverage ratio has improved to 184% [2][16]. - The company is focusing on controlling new non-performing loans while reducing existing ones, leading to a healthier asset quality profile [2]. Credit Issuance - The total loan amount reached approximately 55,791 billion by the end of 2024, with a year-on-year growth of 9.01% [3][12]. - The company has maintained a strong position in corporate lending, which is expected to continue driving growth [3]. Profitability Outlook - The report anticipates a gradual increase in revenue growth rates over the next few years, with projections of 4.54% and 5.45% for 2025 and 2026 respectively [4]. - The net interest margin (NIM) is expected to stabilize, contributing positively to profitability [12].

Investment Rating - The investment rating for the company is "Neutral" [1][2]. Core Views - The company's net profit attributable to shareholders for the first three quarters of 2024 reached 35.2 billion yuan, a year-on-year increase of 25.9%, indicating a recovery towards normal levels after a significant decline in 2023 [1]. - Total assets grew by 6.9% year-on-year to 9.42 trillion yuan, with deposits increasing by 5.2% to 5.29 trillion yuan and loans rising by 9.0% to 5.37 trillion yuan, reflecting a stable growth in asset scale and an optimized credit structure [1]. - The net interest margin slightly decreased to 1.46%, primarily due to the impact of LPR adjustments, while non-interest income from investments increased by 13.6% [1]. - The asset quality remains stable, with a non-performing loan ratio of 1.38%, and the provision coverage ratio improved to 180% [1]. Summary by Sections Financial Performance - The company achieved operating income of 129.8 billion yuan in the first three quarters of 2024, a year-on-year decline of 2.2%, but a 1.0% increase when excluding one-time factors from the previous year [1][3]. - The forecast for net profit attributable to shareholders for 2024-2026 is adjusted to 43.6 billion, 44.5 billion, and 45.8 billion yuan, with year-on-year growth rates of 18.8%, 2.0%, and 3.0% respectively [1][4]. Asset Quality - The proportion of non-performing loans is stable at 1.38%, with a slight decrease from the previous quarter [1][4]. - The company’s provision coverage ratio has increased by 5 percentage points from the previous quarter, indicating enhanced risk mitigation capabilities [1][4]. Capital Adequacy - The core Tier 1 capital adequacy ratio stood at 8.87%, unchanged from the previous quarter, reflecting a stable capital position [1][4]. - The forecasted return on equity (ROE) for 2024 is 6.8%, with a gradual improvement expected in subsequent years [3][4].

财联社10月31日讯 （记者 曹韵仪）浦发银行发布2024年第三季度业绩报告，整体来看，浦发银行营业 收入增速放缓，但净利润增速稳步提升，净息差较上半年有所下降。在资产质量方面，该行不良贷款率 和不良贷款余额较二季度继续下降，同时拨备覆盖率有所上升。 在息差管理方面，浦发银行认为在四季度，LPR 调降、存量房贷利率下调等因素可能拖累资产端收益 率继续下行，但降准、MLF 利率调降、 存款自律机制引导存款付息率下行的正向效果将会逐步显现。 数据显示，截至2024年9月末，该行资产总额9.42万亿元，较上年末增长4.54%；其中，本外币贷款总额 为5.37万亿元，较上年末增长6.92%；贷款占总资产比例较上年末上升1.27个百分点。 该行三季度营业收入的增速又出现回落。数据显示，该行前三季度营收为1298.39亿元，同比下降 2.24%，剔除上年同期出售上投摩根股权一次性因素影响后，同比增加12.65亿元，增长0.98%。上半 年，该行剔除上年同期出售上投摩根股权等一次性因素的影响后，营收比去年同期增加了12.59亿元， 同比增长1.45%。 在净利润增速方面，该行稳步提升。前三季度净利润为352.23亿元，同比 ...

公告编号：临2024-060 证券代码：600000 证券简称：浦发银行 转债代码：110059 转债简称：浦发转债 优先股代码：360003 360008 优先股简称：浦发优1 浦发优2 上海浦东发展银行股份有限公司 第七届董事会第七十七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海浦东发展银行股份有限公司（以下简称"公司"）第七届董事会第七十 七次会议于2024年10月29日以书面传签方式召开，会议通知及会议文件于2024年 10月18日以电子邮件方式发出。应参加会议董事11名，实际参加会议董事11名， 符合《公司法》及《公司章程》关于召开董事会法定人数的规定，表决所形成的 决议合法、有效。公司监事、高级管理人员通过审阅会议资料方式列席本次会议。 会议审议并经表决通过了： 1.《公司关于2024年第三季度报告的议案》 同意对外披露。 同意：11票 弃权：0票 反对：0票 董事会审计委员会已事前认可并审议通过该项议案，同意提交董事会审议。 2.《公司关于<2024年三季度第三支柱报告>的议案》 同意对外 ...