Trading Information Summary - On April 3, 2025, Shanghai Pudong Development Bank (SPDB) closed at 10.48 yuan, up 0.19%, with a turnover rate of 0.13% and a trading volume of 369,200 shares, amounting to a total transaction value of 385 million yuan [1] - On the same day, the net outflow of main funds was 26.2 million yuan, accounting for 6.81% of the total transaction value, while retail investors had a net inflow of 27.73 million yuan, representing 7.2% of the total transaction value [1][4] Company Announcement Summary - As of March 31, 2025, a total of 1,440,000 yuan of SPDB convertible bonds have been converted into ordinary shares, resulting in 98,599 shares being issued, which is 0.0003% of the total ordinary shares before conversion [2] - The amount of unconverted SPDB convertible bonds stands at 49,998.56 million yuan, which is 99.9971% of the total issued convertible bonds [2] - The conversion price of the bonds was adjusted from 13.24 yuan per share to 12.92 yuan per share due to the distribution of cash dividends for the year 2023 on July 18, 2024 [2]

Core Viewpoint - Zhang Weizhong, the new president of SPDB, aims to revitalize the bank through a "digital intelligence" strategy and a new leadership team, despite facing significant challenges and a recent decline in performance [2][6][4]. Financial Performance - In 2024, SPDB achieved a net profit of 45.257 billion yuan, a year-on-year increase of 23.31%, marking the highest growth in 12 years [4][6]. - The bank's net profit had previously declined by 28.28% in 2023, with revenue dropping by 8.05% [6][2]. - The bank's total revenue in 2024 was 170.748 billion yuan, a slight decrease of 1.55% year-on-year, but adjusted for one-time factors, it showed a 0.92% increase [4][6]. Strategic Initiatives - The "digital intelligence" strategy was introduced in 2023 and further developed in 2024, focusing on key product innovation and strategic breakthroughs [6][7]. - Zhang Weizhong has emphasized a multi-dimensional layout, including strengthening group collaboration and enhancing cross-border financial services [7][10]. Challenges and Risks - Despite the positive net profit growth, SPDB faces ongoing challenges, including a decline in retail business revenue and an increase in retail loan non-performing rates [11][12]. - The bank's retail financial business saw a revenue decline of 14.40% to 54.435 billion yuan, with non-performing loan rates rising to 1.61% [11][12]. - The bank's overall revenue growth is hindered by narrowing interest margins and declining fee income, with net interest income down 3.14% and fee income down 6.69% [12][13]. Asset Quality - SPDB reported a decrease in non-performing loan balance to 73.154 billion yuan, marking a continuous decline for five years [15][16]. - However, the bank's attention loans increased, indicating potential future risks, with the balance rising to 126.507 billion yuan [15][16]. Regional Performance - The bank's performance in the Pearl River Delta and the West region has deteriorated, with significant losses reported in these areas due to increased credit impairment losses [20][21]. - Conversely, the headquarters has turned a profit after previously reporting losses, indicating a shift in regional performance dynamics [21][22].

Core Viewpoint - Shanghai Pudong Development Bank (SPDB) has successfully issued convertible bonds, raising a total of 5 billion yuan, with net proceeds amounting to approximately 4.99 billion yuan after deducting issuance costs [1] Group 1: Issuance Details - SPDB issued 50 million convertible bonds with a face value of 100 yuan each in October 2019, approved by the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission [1] - The issuance was verified by PwC, confirming the funds were received as stated [1] Group 2: Continuous Supervision - The joint sponsors, CITIC Securities and Guotai Junan Securities, are responsible for ongoing supervision until December 31, 2020, or until all convertible bonds are converted [1] - Continuous supervision includes reviewing corporate governance documents, financial management systems, and internal control reports [2] Group 3: Information Disclosure - During the supervision period, the joint sponsors reviewed the company's information disclosure practices and found that SPDB has established and executed its information disclosure system in accordance with relevant laws and regulations [3][4] - No significant issues were reported that required notification to the China Securities Regulatory Commission or the Shanghai Stock Exchange [4]

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。 ...