带着2025年上半年营收净利双增、不良率降至2015年以来最低水平的"成绩单"，浦发银行于8月28日召开半年度业绩说明会。会上，管理层围 绕成本管理、净息差企稳、对公业务突围及数智化转型等话题，回应市场关切。在谈及成本时，该行行长谢伟用房屋租金"算账"举例，通过严 格审核房产续租事宜，压降年化租金9444万元，同时盘活闲置房产资源，更提升了资产使用效率。对公业务作为浦发银行传统优势领域为业绩 增长带来支撑，公司客户数增至243.69万户，对公贷款余额同比增长9.13%。面向下半年，浦发银行也明确了数智化转型的核心方向，将聚 焦"超级平台、超级产品、超级系统"三大建设任务，以技术赋能业务升级。 不良率降至2015年以来最低水平 继2024年净利润重回正增长之后，2025年上半年浦发银行交出了一张"双增"答卷。 8月27日，浦发银行发布2025年半年度报告，今年上半年，该行实现营业收入905.59亿元，同比增加23.11亿元，增长2.62%；实现利润总额 331.38亿元，同比增加29.68亿元，增长9.84%；归属于母公司股东的净利润297.37亿元，同比增加27.49亿元，增长10.19%。 报告期内，浦发银 ...

Core Viewpoint - Shanghai Pudong Development Bank (SPDB) reported strong financial performance in the first half of 2025, with a double-digit profit growth and the lowest non-performing loan ratio in nearly a decade [2][7]. Financial Performance - SPDB achieved operating income of 90.559 billion yuan, a year-on-year increase of 2.62% - Net profit reached 29.737 billion yuan, growing by 10.19% - The non-performing loan ratio dropped to 1.31%, the best level since 2015 [2][7]. Strategic Initiatives - The bank's success is attributed to the implementation of a "digital intelligence" strategy, focusing on five key areas: technology finance, supply chain finance, inclusive finance, cross-border finance, and financial leasing [3]. - In the first half of 2025, loans from these five areas accounted for 70% of new loans, with the Yangtze River Delta region contributing 57% [3]. Regional Focus - SPDB continues to deepen its presence in the Yangtze River Delta, with total loans in the region nearing 2 trillion yuan, representing 35% of the bank's total loans [4]. - The bank has over 500 operational institutions in the region, covering more than 30 areas, and plans to further consolidate its business advantages through a differentiated strategy [4]. Interest Margin Management - The net interest margin for SPDB was 1.41%, a slight decrease of 1 basis point from 2024, but still outperforming the market [6]. - The bank emphasizes proactive asset-liability management to stabilize and optimize the interest margin, focusing on enhancing the structure of interest-earning assets and improving deposit growth [6]. Risk Management - SPDB has established a comprehensive risk asset management model, achieving a provision coverage ratio of 193.97%, which has increased for three consecutive years [7]. - The bank employs a dual approach of "controlling new and reducing old" non-performing loans, utilizing big data and new technologies for risk assessment and management [7].

Core Insights - Shanghai Pudong Development Bank (SPDB) reported a strong performance in the first half of 2025, with operating income reaching 90.559 billion yuan, a year-on-year increase of 2.62%, and net profit of 29.737 billion yuan, up 10.19% [1] - The bank's non-performing loan (NPL) ratio has dropped to its lowest level in nearly a decade, indicating improved asset quality [1] Group 1: Strategic Initiatives - The bank's impressive results are attributed to the implementation of its "digital intelligence" strategy, which has driven transformation and growth beyond market averages [2] - SPDB's focus on five key areas—technology finance, supply chain finance, inclusive finance, cross-border finance, and treasury finance—has contributed significantly to its performance, with these areas accounting for 70% of new loans in the first half of 2025 [2] - The bank aims to enhance its competitive edge by focusing on the construction of "super platforms," "super products," and "super systems" in the second half of the year [2] Group 2: Regional Focus - SPDB continues to deepen its presence in the Yangtze River Delta region, which is a strategic growth area, with total loans nearing 2 trillion yuan, representing 35% of the bank's total [3] - The bank has over 500 operational institutions in the region, covering more than 30 areas, and plans to further consolidate its business advantages through differentiated strategies [3] Group 3: Financial Metrics - The net interest margin for SPDB in the first half of 2025 was 1.41%, a slight decrease of 1 basis point from 2024, but still outperforming the market [4] - The bank emphasizes proactive asset-liability management to stabilize and optimize its net interest margin, focusing on improving the structure of interest-earning assets and enhancing deposit growth [4][5] - SPDB's non-performing loan ratio stood at 1.31% as of June, the best level since 2015, with a provision coverage ratio of 193.97%, indicating strong risk mitigation capabilities [7]

Investment Rating - The investment rating for the company is "Buy" [6] Core Views - The report highlights that the company is continuously optimizing its credit structure, enhancing its risk compensation ability, and achieving stable profit growth momentum. The projected growth rates for net profit from 2025 to 2027 are 10.48%, 9.56%, and 8.19% respectively [12] Financial Performance - In the first half of 2025, the company achieved a revenue of 90.6 billion yuan, a year-on-year increase of 2.62%, and a net profit attributable to shareholders of 29.7 billion yuan, a year-on-year increase of 10.19% [1] - The net interest margin for the first half of 2025 was 1.41%, showing a slight decline of 1 basis point compared to the previous year [2] - The company experienced a decrease in credit costs, contributing positively to performance growth [2] Asset and Liability Management - As of the end of Q2 2025, total assets reached 9.65 trillion yuan, with total loans amounting to 5.63 trillion yuan, reflecting year-on-year growth of 4.2% and 6.0% respectively [5] - The total deposits at the end of Q2 2025 were 5.59 trillion yuan, representing a year-on-year growth of 12.0% [10] Asset Quality - The non-performing loan ratio at the end of Q2 2025 was 1.31%, a decrease of 2 basis points from the previous quarter, while the provision coverage ratio improved to 194.0% [11] - The report indicates that the company has enhanced its risk compensation ability, with a provision coverage ratio of 193.97% and a loan-to-provision ratio of 2.54% [11] Future Outlook - The company is expected to maintain a stable growth trajectory in net profit, with a focus on optimizing its credit structure and improving deposit growth [12]

瑞财经 王敏 8月27日，上海浦东发展银行股份有限公司（以下简称"浦发银行"）发布2025年半年度报告，实现营收净利双增。 截至2025年6月末，集团资产总额为96，457.91亿元，较上年末增加1，839.11亿元，增长1.94%；其中，本外币贷款总额（含票据贴现） 为56，349.31亿元，较上年末增加2，434.01亿元，增长4.51%。集团负债总额88，445.39亿元，较上年末增加1，274.40亿元，增长 1.46%；其中，本外币存款总额为55，943.08亿元，较上年末增加4，483.49亿元，增长8.71%。 | | | | | | | 早饭:人民中力元 | | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 脱条 | 性 | 出生 | 任职起止日期 | 报告期内从公 司获得的税前 | 在关 联方 | | | | 副 | 年份 | | 报酬 | 获取 | | | | | | | | 报酬 | | 张为思 | 党委书记、董事长、执行董事 | 場 | 1967年 | 2023.11.17-换届止 | 85.68 | 日 | | 谢 伟 | 党委副书 ...

Core Viewpoint - Shanghai Pudong Development Bank (SPDB) has reported positive growth in net profit for the first half of 2025, continuing the trend from 2024 and Q1 2025, with a net profit of 29.737 billion yuan, a year-on-year increase of 10.19% [2][3]. Financial Performance - For the first half of 2025, SPDB achieved operating income of 90.559 billion yuan, an increase of 2.62% year-on-year, and a net profit attributable to shareholders of 29.737 billion yuan, up 10.19% year-on-year [2][4]. - The bank's net profit excluding non-recurring gains and losses was 29.984 billion yuan, reflecting an 11.86% increase year-on-year [2]. - Despite the positive results, SPDB's performance has not yet returned to its peak levels from 2019, when it reported operating income of 97.599 billion yuan and a net profit of 32.106 billion yuan [3]. Asset Quality - As of the end of June, SPDB's non-performing loan (NPL) ratio was 1.31%, marking a decrease of 0.05 percentage points from the end of the previous year, continuing a five-year downward trend [4][5]. - The bank's NPL balance was 73.672 billion yuan, with a provision coverage ratio of 193.97%, up 7.01 percentage points from the end of the previous year [4][6]. Loan Quality - The NPL ratio for corporate loans decreased to 1.19%, while the NPL ratio for retail loans increased to 1.65% [5][6]. - Specific increases in retail loan NPLs were noted in personal mortgage loans, personal business loans, and consumer loans, while credit card and overdraft NPLs decreased [5]. Business Performance - SPDB's net interest income for the first half of 2025 was 58.307 billion yuan, a slight increase of 0.45% year-on-year, while non-interest income reached 32.252 billion yuan, up 6.79% [8]. - The bank's retail financial assets under management (AUM) grew to 4.29 trillion yuan, a 10.55% increase from the end of the previous year, with a significant increase in the number of personal customers [8][9]. - SPDB's corporate customer base reached 2.4369 million, reflecting a growth of 2.89% from the previous year [8]. Comparison with Peers - SPDB's retail AUM growth outpaced that of CITIC Bank and surpassed Ping An Bank, which saw minimal growth [9]. - The bank's private banking segment also showed strong growth, with the number of clients with financial assets exceeding 6 million yuan increasing by 10.20% [9].

Core Viewpoint - The implementation of the personal consumption loan interest subsidy policy is imminent, with banks preparing to offer related products and services to consumers [3][4]. Group 1: Policy Implementation - The personal consumption loan interest subsidy policy is set to be officially implemented on September 1, with several banks already preparing their products [3]. - Banks like Postal Savings Bank and Shanghai Pudong Development Bank have clarified that the subsidy will be directly deducted from the loan interest at the time of payment [4][7]. - The Industrial and Commercial Bank of China (ICBC) has not yet specified the details of the subsidy but is promoting its consumption loan products [4][6]. Group 2: Loan Details and Limits - The subsidy applies to personal consumption loans issued by banks, excluding credit cards, with a maximum subsidy limit of 3,000 yuan per borrower [6][11]. - For loans under 50,000 yuan, the maximum subsidy is capped at 1,000 yuan [7][11]. - ICBC's personal credit consumption loan product "Rong e Borrow" offers a maximum limit of 1 million yuan with interest rates starting as low as 3% [6]. Group 3: Compliance and Monitoring - Banks emphasize the importance of compliance regarding the use of loan funds, prohibiting any diversion to stock or real estate markets [9]. - Financial institutions are encouraged to enhance monitoring of loan purposes and fund flows to prevent misuse of the subsidy [10]. - Regulatory recommendations include the establishment of a credit monitoring system to improve oversight of loan usage and to deter fraudulent activities [10][11].

北京商报讯(记者宋亦桐)8月28日，浦发银行（600000）召开2025年半年度业绩说明会，浦发银行行长 谢伟指出，"改善净息差是一个系统性的工程，浦发银行非常重视强调资产负债管理的主动性，通过主 动、前瞻科学的进行顶层设计，明确短中长期资产负债管理目标，来综合运用预算考核、定价、财务、 资本、组织等机制形成合力，一体化推动净息差的改善。" "如果在息差上面能够优化一个bp(基点)，就可以给营收多带来8亿元"，谢伟指出，当前国内整个银行 业还处于降息周期，贷款利率仍将会持续下滑，但是各方面的决策也会非常重视银行息差的影响，预计 未来一两年银行业净息差可能会逐步达到一个触底反弹的过程，降幅会进一步的收敛。" ...

首批"政府采购贷"专项担保业务的落地，标志浦发银行上海分行与市财政局、市融资担保中心在普惠金 融领域的合作进一步深化，通过由市财政局筛选并推荐目标客群清单、市融资担保中心提供差异化政策 性担保政策支持，浦发银行上海分行为企业提供高效、便捷的资金支持，切实为企业融资"增信减负"。 后续，浦发银行上海分行将继续加强与政府、担保、企业的多方合作，共同推动普惠金融高质量发展。 上海某智能建筑股份有限公司作为建筑智能化领域的综合性服务商，专注为客户提供设计施工、系统集 成、软件开发、机房建设及监控系统安装等一站式解决方案。近年来，企业经营态势稳健向好，收入保 持快速增长，随着业务规模的持续扩大，迫切需要资金支持以推进后续发展。浦发银行杨浦支行在获悉 企业融资需求后，迅速响应并精准推荐了"政府采购贷"专项担保业务授信方案。在获得企业申请意愿 后，浦发银行杨浦支行高效启动授信尽职调查等全流程工作，迅速完成内部审核等关键环节。最终，客 户顺利完成签约并成功提款1000万元，为企业后续业务拓展注入强劲动力，进一步夯实了其持续发展的 资金基础。 上海某电子网络股份有限公司主要从事智能建筑、智能监控等产品开发、工程方案设计、施工和 ...

Market Performance - The city commercial bank sector increased by 1.22% on August 28, with Chengdu Bank leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Individual Bank Performance - Chengdu Bank's closing price was 18.54, with a rise of 2.77% and a trading volume of 674,500 shares, amounting to a transaction value of 1.241 billion yuan [1] - Nanjing Bank closed at 11.28, up 1.99%, with a trading volume of 653,800 shares and a transaction value of 735 million yuan [1] - Jiangsu Bank closed at 11.02, up 1.94%, with a trading volume of 2.122 million shares and a transaction value of 2.324 billion yuan [1] - Other notable banks include Hangzhou Bank (closing price 16.08, up 1.39%), Ningbo Bank (closing price 28.29, up 1.11%), and Suzhou Bank (closing price 8.32, up 1.09%) [1] Capital Flow Analysis - The city commercial bank sector saw a net inflow of 470 million yuan from main funds, while retail funds experienced a net outflow of 383 million yuan [2] - The individual stock capital flow indicates that Jiangsu Bank had a net inflow of 111 million yuan from main funds, while it faced a net outflow of 10.2 million yuan from retail funds [3] - Hangzhou Bank also reported a net inflow of 108 million yuan from main funds, with a net outflow of 81.36 million yuan from retail funds [3]