Core Viewpoint - Shanghai Pudong Development Bank has announced the results of its convertible bond conversion, indicating a low conversion rate and a significant amount of unconverted bonds remaining [1][2][5]. Group 1: Convertible Bond Issuance - The company issued 50 million convertible bonds with a total value of RMB 500 billion, each with a face value of RMB 100, and a maturity of 6 years [1][2]. - The bonds began trading on November 15, 2019, under the name "浦发转债" and code "110059" [2]. Group 2: Conversion Details - As of March 31, 2025, a total of RMB 1,440,000 of the convertible bonds have been converted into common stock, resulting in 98,599 shares, which is only 0.0003% of the total common shares issued prior to conversion [2][5]. - The conversion price was adjusted from RMB 13.24 to RMB 12.92 per share following the distribution of cash dividends on July 18, 2024 [2]. Group 3: Remaining Convertible Bonds - As of March 31, 2025, the amount of unconverted convertible bonds stands at RMB 49,998,560,000, representing 99.9971% of the total issuance [3][5]. - In the first quarter of 2025, only RMB 9,000 of the convertible bonds were converted, resulting in 694 shares [5]. Group 4: Share Capital Changes - The total number of circulating ordinary shares increased from 29,352,178,302 to 29,352,178,996 due to the conversion of bonds [4].

公告编号：临2025-017 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 关于可转债转股结果暨股份变动公告 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： 一、浦发转债的发行上市概况 经中国证券监督管理委员会《关于核准上海浦东发展银行股份有限公司公开 发行可转换公司债券的批复》（证监许可[2019]1857 号）核准，上海浦东发展银 行股份有限公司（以下简称"公司"）公开发行了 50,000 万张可转换公司债券（以 下简称"可转债""浦发转债"），每张面值人民币 100 元，发行总额人民币 500 亿元，期限 6 年。 经上海证券交易所自律监管决定书[2019]247 号文同意，公司 500 亿元可转 债于 2019 年 11 月 15 日起在上海证券交易所挂牌交易，债券简称"浦发转债"， 债券代码"110059"。 根据有关规定和《上海浦东发展银行股份有限公司公开发 ...

中信证券股份有限公司、国泰君安证券股份有限公司 关于上海浦东发展银行股份有限公司公开发行可转换公司债券 2024年度持续督导报告书 | 上市公司：上海浦东发展银行股份有限公司（以下简称"浦发银行""公司"） | | | | | --- | --- | --- | --- | | 保荐人名称：中信证券股份有限公司（以下简称"中信证券"）、国泰君安证券股份有限公 | | | | | 司（以下简称"国泰君安"）（以下合称"联席保荐机构"） | | | | | 中信证券 | | | | | 保荐代表人姓名：朱 | 钰 | 联系电话：021-2026 | 2306 | | 保荐代表人姓名：姜 | 颖 | 联系电话：021-2026 | 2300 | | 国泰君安 | | | | | 保荐代表人姓名：朱哲磊 | | 联系电话：021-3867 | 7941 | | 保荐代表人姓名：郁伟君 | | 联系电话：021-3867 | 6493 | 经原中国银行保险监督管理委员会出具的《关于浦发银行公开发行 A 股可 转换公司债券相关事宜的批复》（银保监复〔2018〕387 号）及中国证券监督管 理委员会（以下简称"中国证监会" ...

Core Viewpoint - Shanghai Pudong Development Bank (SPDB) has achieved a record high in net credit growth for the year 2024, reflecting strong operational performance and a successful strategic transformation towards "digital intelligence" [1][2]. Financial Performance - As of the end of 2024, SPDB's total assets reached 9.46 trillion yuan, a year-on-year increase of 5.05% - The total amount of loans (including bill discounting) was 5.39 trillion yuan, up 7.45% from the previous year - The net credit growth exceeded 370 billion yuan, marking a historical high - The bank reported operating income of 170.75 billion yuan, a year-on-year growth of 0.92% after excluding one-time factors from the previous year - Net profit attributable to shareholders was 45.26 billion yuan, reflecting a year-on-year increase of 23.31% [2]. Asset Quality - By the end of 2024, SPDB's non-performing loan balance was 73.15 billion yuan, with a non-performing loan ratio of 1.36% - The provision coverage ratio stood at 186.96%, an increase of 13.45 percentage points from the previous year, the highest level in nearly a decade [2]. Digital Transformation Strategy - 2024 marked the inaugural year for SPDB's "digital intelligence" strategy, focusing on five key areas: technology finance, supply chain finance, inclusive finance, cross-border finance, and treasury finance - The bank aims to enhance its competitive edge and improve financial service capabilities through this strategic focus - The execution of the "digital intelligence" strategy has already shown positive effects on operational performance, with significant resource integration and management improvements [3]. Credit Quality Management - In 2024, SPDB's net interest margin was 1.42%, a decrease of 10 basis points year-on-year - The bank aims to maintain a favorable marginal performance in net interest margin through efforts on both asset and liability sides - A "white list" mechanism for client credit access will be implemented in 2025 to enhance credit asset quality, allowing for better authorization and management of credit clients [4][5].

Core Viewpoint - The year 2024 marks the beginning of Shanghai Pudong Development Bank's "digital intelligence" strategy, with significant attention on its transformation outcomes and performance metrics [1] Group 1: Digital Transformation Effectiveness - The bank has identified five strategic areas: technology finance, supply chain finance, inclusive finance, cross-border finance, and treasury finance, to enhance its digital infrastructure and services [2] - The ultimate goal of the strategy is to address operational and service challenges, shifting from management-centric to customer-centric thinking [2] - The bank has developed a "Five Forces Model" for evaluating technology enterprises, serving over 71,000 tech firms with a loan scale exceeding 600 billion yuan, leading among joint-stock banks [2] Group 2: Core Operating Indicators - In 2024, the bank achieved an operating income of 170.748 billion yuan, a year-on-year increase of 0.92%, and a net profit attributable to shareholders of 45.257 billion yuan, up 23.31%, marking a 12-year high [4] - The bank's total assets reached 9.46 trillion yuan, a growth of 5.05% year-on-year, with total loans (including bill discounting) amounting to 5.39 trillion yuan, up 7.45% [5] - The bank's non-performing loan (NPL) ratio decreased to 1.36%, with a provision coverage ratio of 186.96%, the highest since 2015 [6] Group 3: Retail Business Development - The bank's retail business has shown steady progress, serving 157 million personal customers, with significant growth in high-asset clients and wealth management [7] - The bank's personal assets under management (AUM) reached 3.88 trillion yuan, with a 35% increase in asset management scale from subsidiaries [7] - Opportunities for retail business in 2025 include consumption stimulus policies, demographic shifts, and the integration of wealth and asset management services [7] Group 4: Future Goals and Outlook - The bank aims to enhance its "digital intelligence" strategy, focus on high-quality development, and optimize asset and customer structures to improve operational efficiency [6] - The bank's net interest margin for 2024 was 1.42%, a decline of 10 basis points, but better than the average decline in the banking sector [6] - The bank plans to reshape its image as a quality blue-chip through value creation, transmission, and realization strategies [8]

Group 1 - Shanghai Pudong Development Bank Co., Ltd. has applied for a patent titled "A Method and Device for Interpreting Policy Texts," with publication number CN 119740568 A, and the application date is November 2024 [1] - The patent involves deep learning technology and aims to improve the accuracy and efficiency of quantitative evaluation of policy texts, thereby enhancing the prediction accuracy of the tightness of policy texts [1] - The method includes extracting core sentences from the policy text, comparing them with historical policy texts, and using a pre-trained model for classification and evaluation [1] Group 2 - Shanghai Pudong Development Bank was established in 1992 and is located in Shanghai, primarily engaged in monetary financial services [2] - The bank has a registered capital of approximately 2,935.21 million RMB and a paid-in capital of approximately 402.64 million RMB [2] - The bank has made investments in 42 enterprises, participated in 5,000 bidding projects, and holds 1,028 patent pieces of information [2]

三月的最后一个周五，浦发银行（600000）发布了其2024年业绩报告，这也是其新一届领导班子上台后 交出的第一份全年业绩答卷。 整体来看，浦发银行的业务转型呈现出了一定成效，实现营业收入1707.48亿元，剔除上年同期出售上 投摩根股权一次性因素影响后，营业收入同比增加15.55亿元，增长0.92%；归属于母公司股东的净利润 452.57亿元，同比增长23.31%。 一直以来，浦发银行以对公业务见长，但同样感受到了压力。浦发银行行长谢伟在业绩发布会上坦 言，"相较于对标股份制银行的综合经营现状，浦发银行还是感受到了很大压力，对于当前的业绩表现 还不是很满意，未来必须坚守长期的战略，落实高质量发展"。 在对公信贷领域，以企业贷款余额这个指标来看，早在2021年浦发银行还是以2.41万亿元的规模位居股 份行第一，但随后被兴业银行赶超。目前，浦发银行的企业贷款余额为3.18万亿元，不良率为1.34%， 而前一年为1.67%，公司贷款的平均收益率为3.61%。 对公：建立黑白名单机制 2024年，浦发银行确立了数智化战略体系，主要针对其对公业务，以数字技术为驱动，重新梳理了业务 逻辑，试图重塑其在对公领域的竞争力。 ...

Group 1 - The first SPV (Special Purpose Vehicle) renewable energy equipment leasing project in China has been successfully implemented, supporting the private sector's role in promoting green and low-carbon development [1] - The project involves financing leasing for a photovoltaic power station by Huizhou TCL Photovoltaic Technology Co., Ltd., marking a significant step in the development of the green energy industry [1] Group 2 - SPD Bank launched its upgraded "Technology Financial Service System 2.0," focusing on seven high-frequency technology activity scenarios to provide comprehensive "financial + non-financial" services [2] - The system aims to create value for technology enterprises through industry research and AI insights [2] Group 3 - Zhejiang Commercial Bank actively participated in the trading of newly launched 3-year and 7-year standard bonds, contributing to the high-quality development of the RMB fixed income market [3] - The bank is committed to building FICC 3.0 to provide continuous and high-quality quotes for various market products [3] Group 4 - Tianjin Bank successfully issued the first green asset-backed commercial paper (ABCP) in the Beijing-Tianjin-Hebei region for 2025, with a total issuance amount of 1.16 billion and 2.38 billion [4] - The underlying assets for this ABCP include green financing leasing assets such as biomass energy thermal power equipment and waste power generation equipment [4] Group 5 - Hangzhou United Rural Commercial Bank has received approval to issue up to 2 billion RMB of perpetual capital bonds, with the issuance to be completed within 24 months [5] - The bank must adhere to relevant regulations and report the issuance status to the Zhejiang Regulatory Bureau within 10 working days after the completion of the bond issuance [5]

Core Viewpoint - The article discusses the "Pu Yin Risk Management" brand by Shanghai Pudong Development Bank, which combines artificial intelligence with expert insights to provide comprehensive risk management services for enterprises and institutions in a volatile global economic environment [1][10]. Group 1: Market Trends and Economic Outlook - The gold market is expected to experience a shift in dynamics by 2025, with traditional influences like real interest rates diminishing and various factors coming into play, leading to potential volatility [2]. - The oil market is anticipated to remain under pressure due to challenges within OPEC+ and increasing supply from non-OPEC countries, alongside slow global economic recovery and the rise of electric vehicles [3]. - The RMB exchange rate is projected to maintain a stable yet fluctuating trend, supported by domestic growth policies and foreign investment inflows, despite ongoing international economic uncertainties [4]. Group 2: Financial Products and Services - The ticket market is expected to play a significant role in supporting the real economy in 2025, aided by proactive fiscal and monetary policies [5][6]. - "Pu Yin Risk Management" offers tailored foreign exchange strategies to help enterprises manage currency risk effectively, utilizing innovative tools like "American-style range options" and "difference settlement" derivatives [8][9]. Group 3: Future Development and Strategy - The company aims to enhance its risk management services by leveraging advanced technologies such as AI and big data to improve market trend predictions and decision-making support [10]. - There is a focus on product innovation in line with national development strategies, particularly in green finance and technological innovation, to better serve the high-quality development of the real economy [10].

Core Insights - Shanghai Pudong Development Bank (SPDB) reported impressive financial results for 2024, with operating income reaching 170.748 billion yuan, a year-on-year increase of 0.92% after excluding one-time factors from the previous year [1] - The bank's total profit amounted to 48.366 billion yuan, reflecting an 18.86% increase year-on-year, while net profit attributable to shareholders rose to 45.257 billion yuan, marking a 23.31% increase and the highest in nearly 12 years [1] - SPDB is committed to ESG principles, actively engaging in green finance and inclusive financial initiatives to support sustainable economic development [1] ESG Initiatives - SPDB integrates party leadership into its ESG actions, aligning its operations with the spirit of the 20th National Congress of the Communist Party of China, enhancing governance structures, and ensuring compliance and ethical standards [2] - The bank has implemented a comprehensive governance framework, linking executive compensation to sustainability metrics and improving transparency in investor communications [2] - SPDB emphasizes compliance and ethical business practices, establishing a robust management system covering various compliance areas to ensure sound operations [2] Green Finance - SPDB has launched the "Pudong Green Innovation" brand, focusing on integrating green finance with real economy services, and enhancing its green finance product offerings [3][4] - The bank introduced a comprehensive service plan for green low-carbon transitions, creating a digital platform that encompasses green finance, carbon finance, and transition finance [4] - By the end of the reporting period, SPDB's green credit balance reached 625.6 billion yuan, a 19.25% increase from the previous year, with significant contributions to carbon reduction projects [4][5] Inclusive Finance - SPDB prioritizes inclusive finance as a key aspect of its ESG strategy, providing tailored support for small and micro enterprises [6] - The bank has optimized its credit policies to enhance lending capabilities and established a digital ecosystem for inclusive finance [6][7] - SPDB actively protects consumer rights and enhances customer satisfaction through various initiatives, including financial literacy programs and community support [7][8]