Financial Performance - The company achieved an operating income of 52.986 billion RMB, a year-on-year increase of 4.79%[16] - The net profit attributable to shareholders was 23.560 billion RMB, reflecting a year-on-year growth of 4.50%[16] - Total assets at the end of the year reached 3,226.656 billion RMB, an increase of 4.57% compared to the previous year[16] - Net interest income for 2024 was RMB 32,486,088 thousand, a decrease of 7.62% from RMB 35,164,078 thousand in 2023[51] - Net commission and fee income decreased by 19.46% to RMB 3,958,816 thousand in 2024 from RMB 4,915,199 thousand in 2023[51] - Other non-interest income increased by 57.75% to RMB 16,540,646 thousand in 2024 compared to RMB 10,485,197 thousand in 2023[51] - Total operating income for 2024 was RMB 52,985,550 thousand, reflecting a growth of 4.79% from RMB 50,564,474 thousand in 2023[51] - The company achieved a net profit of RMB 23,560,448 thousand in 2024, up 4.38% from RMB 22,572,244 thousand in 2023[51] - Basic earnings per share increased by 4.58% to RMB 1.60 in 2024 from RMB 1.53 in 2023[51] Asset Quality and Risk Management - The non-performing loan ratio improved to 1.18%, a decrease of 0.03 percentage points year-on-year, marking two consecutive years of decline[16] - The overdue loans over 90 days and non-performing loan ratio decreased to 84.14%, down by 10.48 percentage points compared to the end of the previous year[20] - The company is focusing on enhancing risk management and compliance systems, with a data-driven comprehensive risk management framework in place[26] - The company’s focus on credit risk management has led to a stable improvement in asset quality, with a decrease in the proportion of attention-class loans to 2.06%[131] - The overall risk remains controllable, with adequate provisions for impairment losses in place[138] - The company has implemented targeted control measures for overdue loans and developed plans to mitigate risks, ensuring overall risk remains manageable[150] Loan Growth and Sector Focus - Loans in the Yangtze River Delta region amounted to 636.643 billion RMB, up 6.96% year-on-year, accounting for over 70% of the company's total loans[17] - Loans to technology enterprises, inclusive finance, and green loans grew by 13.84%, 13.31%, and 16.38% respectively compared to the previous year[17] - The total amount of loans to technology enterprises reached CNY 229.01 billion, a year-on-year increase of 26.09%, with a balance of CNY 159.73 billion, up 13.84% from the previous year[174] - Inclusive finance loans amounted to CNY 216.76 billion, growing by 17.62%, with a year-end balance of CNY 165.72 billion, an increase of 13.31%[174] - Green loans issued totaled CNY 84.13 billion, a 1.36% increase, with a year-end balance of CNY 120.29 billion, up 16.38%[175] Capital and Funding - The core Tier 1 capital adequacy ratio reached 10.35% by the end of 2024, an increase of 0.82 percentage points year-on-year, marking three consecutive years of growth[20] - Capital adequacy ratio stood at 14.21%, an increase of 0.83 percentage points year-on-year[55] - The company's leverage ratio improved to 6.81% as of December 31, 2024, compared to 6.54% at the end of the previous year[164] - The net stable funding ratio as of December 31, 2024, is 109.89%, compared to 109.09% on September 30, 2024[163] - The liquidity coverage ratio is 167.73%, with qualified liquid assets amounting to CNY 261,561,043 thousand and net cash outflows over the next 30 days at CNY 155,945,852 thousand[161] Customer Engagement and Market Position - The pension customer average AUM increased by 7.82% year-on-year, maintaining the company's leading market share in Shanghai[17] - The company served over 600,000 inclusive finance clients, representing a growth of 35%[25] - The company maintained the largest market share in pension clients in the Shanghai region[42] - The total customer base reached 303,700, an increase of 5.34% year-on-year; company loan issuance amounted to 593.012 billion yuan[186] - The company is committed to enhancing its retail business, particularly in pension finance and wealth management, to improve customer experience[39] Innovation and Technology - Financial technology investment accounted for 5% of operating income, indicating a commitment to enhancing technological capabilities[19] - The company has implemented AI infrastructure, including the DeepSeek model, to improve operational efficiency and customer service[18] - Shanghai Bank is advancing its digital transformation to improve operational efficiency and customer service through data-driven management[41] - The bank aims for high-quality development by strengthening risk management and compliance systems, with a focus on digital transformation and AI applications[29] Corporate Social Responsibility - The company donated 37.67 million yuan throughout the year, supporting key areas such as rural revitalization, culture, sports, education, and healthcare[21] - The annual cash dividend payout ratio is expected to be 31.22%, maintaining an increase for two consecutive years, with a total cash dividend exceeding 48 billion yuan since its listing[21] - The company plans to implement a mid-term dividend of 2.80 yuan per 10 shares and a final cash dividend of 2.20 yuan per 10 shares for 2024[21]

Core Insights - The Yangtze River Delta urban agglomeration is a crucial intersection of the "Belt and Road" initiative and the Yangtze River Economic Belt, comprising Shanghai, Jiangsu, Zhejiang, and Anhui provinces, with seven listed city commercial banks [1] - In 2024, the total asset scale of these seven banks reached 17.72 trillion yuan, with Jiangsu Bank, Shanghai Bank, and Ningbo Bank each exceeding 3 trillion yuan [1][3] - All seven banks reported positive growth in revenue and net profit, with asset quality remaining strong, as six banks maintained non-performing loan ratios below 1% [1][18] Asset Scale and Growth - Jiangsu Bank's total assets reached 39,520.42 billion yuan, a 16.12% increase from the previous year [3][5] - Shanghai Bank's total assets were 32,266.56 billion yuan, growing by 4.57% [3][5] - Ningbo Bank's total assets amounted to 31,252.32 billion yuan, with a growth rate of 15.25% [3][5] - Nanjing Bank, Hangzhou Bank, and Huishang Bank surpassed 20 trillion yuan in assets, while Suzhou Bank had the smallest asset scale at nearly 700 billion yuan [1][3] Revenue and Profitability - Jiangsu Bank led in revenue with 808.15 billion yuan, marking an 8.78% increase [10][12] - Ningbo Bank followed with 666.31 billion yuan in revenue, up 8.19% [10][12] - Nanjing Bank achieved a revenue growth rate of 11.32%, the only bank with double-digit growth [10][12] - Net profit for Jiangsu Bank exceeded 300 billion yuan, with a growth of 10.76% [13][12] Asset Quality - The non-performing loan ratio for Jiangsu Bank was 0.89%, while Ningbo and Hangzhou Banks had the lowest at 0.76% [18][19] - Shanghai Bank had the highest non-performing loan ratio at 1.18% [17][18] - The provision coverage ratios for most banks were robust, with Jiangsu, Nanjing, and Ningbo Banks exceeding 300% [20][18] Loan Distribution - Jiangsu Bank's loans in Jiangsu province accounted for 86.13% of its total loans, with significant portions also allocated to the Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area [7] - Nanjing Bank's loans were primarily distributed in Jiangsu, with 84.92% of its loans in the province [7] - Huishang Bank's loans were predominantly in Anhui, making up 88.87% of its total [8]

Group 1 - Since April, 9 bank stocks have reached historical highs, indicating a sustained increase in industry interest [1][2] - In Q4 2024, bank performance has significantly improved, with many banks reporting positive results in Q1 of this year [1][5] - The total cash dividends for the banking sector are expected to reach a new high, with 12 bank stocks each exceeding 10 billion yuan in annual dividends [1][7] Group 2 - On April 24, the banking index closed up 1.16%, with major banks like Bank of China, Agricultural Bank of China, and Industrial and Commercial Bank of China hitting record highs [2] - The stock prices of major banks have steadily increased this year, with Shanghai Bank showing a year-to-date increase of 15.52% [2] - The banking sector is favored as a low-valuation, high-dividend defensive asset amid ongoing market fluctuations [3] Group 3 - Over 90% of the 36 bank stocks that have released their 2024 annual reports or performance forecasts reported year-on-year profit growth [5] - Shanghai Pudong Development Bank reported the highest year-on-year profit growth at 23.31%, driven by rapid credit growth and improved asset quality [5] - The total net profit of the disclosed bank stocks in Q4 2024 exceeded 480 billion yuan, marking a 5.66% increase from the previous year [5] Group 4 - Five bank stocks have released Q1 2025 performance reports, with several banks reporting year-on-year profit growth [6] - Major banks have indicated ongoing improvements in their asset-liability structures and operational efficiency [6] Group 5 - As of April 24, 29 bank stocks have announced dividend plans, with a total cash dividend amounting to 357.84 billion yuan [7] - The cumulative cash dividends for the banking sector in 2024 have reached 616.13 billion yuan, surpassing the previous year's total [8] - Industrial and Commercial Bank of China announced a cash dividend of 1.646 yuan per 10 shares, totaling 58.66 billion yuan, marking a continuous growth for nine years [8]

国泰海通证券股份有限公司 关于上海银行股份有限公司关联交易事项的专项核查意见 国泰海通证券股份有限公司（以下简称"保荐机构"）作为上海银行股份有 限公司（以下简称"公司"）持续督导的保荐机构，根据《证券发行上市保荐业 务管理办法》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律 监管指引第11号——持续督导》等法律、法规及规范性文件的要求，对公司关联 交易事项进行了认真、审慎的核查，核查情况如下： 一、关联交易概述 经公司董事会2025年第四次会议审议通过，同意给予上海市信息投资股份有 限公司（以下简称"上海信投"）不超过人民币24亿元授信额度，授信有效期2年， 用于债务融资工具承销、持券及债券投资，担保方式为信用。 上海信投属于公司关联方，本次交易构成关联交易。 上述关联交易不构成《上市公司重大资产重组管理办法》规定的重大资产重 组。 二、关联方介绍 （一）关联关系介绍 上海信投为公司主要股东上海联和投资有限公司实际控制的企业，公司董事 应晓明先生同时担任上海信投董事，因此上海信投属于公司金融监管总局规则、 证监会规则关联方。 （二）关联方基本情况 上海信投成立于1997年10月，注册资本3.75 ...

国泰海通证券股份有限公司关于上海银行股份有限公司 2024年度持续督导报告书 | 保荐机构名称： | 被保荐公司名称： | | --- | --- | | 国泰海通证券股份有限公司 | 上海银行股份有限公司 | | 保荐代表人姓名：刘登舟 | 联系方式：010-83939160 | | | 联系地址：北京市西城区金融大街甲9 | | | 号金融街中心南楼16层 | | 保荐代表人姓名：金利成 | 联系方式：021-38676486 | | | 联系地址：上海市静安区新闸路669号 | | | 博华广场36层 | 经中国证券监督管理委员会（以下简称"中国证监会"）证监许可〔2020〕 3172 号文核准，上海银行股份有限公司（以下简称"公司"）于 2021 年 1 月公 开发行总面值人民币 200 亿元的 A 股可转换公司债券（以下简称"本次可转债"）， 其中每张债券面值为人民币 100 元，共计 2 亿张，发行价格为人民币 100 元/张。 本次可转债募集资金总额为人民币 200 亿元，扣除发行费用后实际募集资金净额 为人民币 199.66 亿元。普华永道中天会计师事务所（特殊普通合伙）已于 2021 年 2 ...

KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 内部控制审计报告 毕马威华振审字第 2513464 号 上海银行股份有限公司 2024 年 12 月 31 日内部控制审计报告 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的变化 可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控制审计结果 推测未来内部控制的有效性具有一定风险。 KPMG Huazhen LLP, a People's Republic of Ch ...

自 2024 年 1 月 1 日 至 2024 年 12 月 31 日止年度财务报表 上海银行股份有限公司 二、形成审计意见的基础 我们按照中国注册会计师审计准则 (以下简称"审计准则") 的规定执行了审计工作。审计 报告的"注册会计师对财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按 照中国注册会计师职业道德守则，我们独立于上海银行，并履行了职业道德方面的其他责任。 我们相信，我们获取的审计证据是充分、适当的，为发表审计意见提供了基础。 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg ...

证券代码：601229 证券简称：上海银行 公告编号：临2025-017 优先股代码：360029 优先股简称：上银优1 可转债代码：113042 可转债简称：上银转债 上海银行股份有限公司 2024 年度利润分配方案公告 上海银行股份有限公司（以下简称"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、2024 年度利润分配方案 （一）利润分配方案的具体内容 经毕马威华振会计师事务所（特殊普通合伙）审计，截至 2024 年 12 月 31 日，公司母公司报表中期末未分配利润为 74,377,651 千元，2024 年度母公司实 现净利润 22,895,544 千元，扣除优先股股息 804,000 千元后（含税，已于 2024 年 12 月 19 日发放），可供普通股股东分配的当年利润为 22,091,544 千元。经 公司董事会 2025 年第四次会议审议通过，公司拟以届时实施权益分派股权登记 2、根据财政部《金融企业准备金计提管理办法》（财金〔2012〕20 号）规 定，提取一般准备 2,500,00 ...

证券代码：601229 证券简称：上海银行 公告编号：临 2025-019 优先股代码：360029 优先股简称：上银优 1 可转债代码：113042 可转债简称：上银转债 1、经公司董事会 2025 年第四次会议审议通过，同意给予上海市信息投资股 份有限公司（以下简称"上海信投"）不超过人民币 24 亿元授信额度，授信有 效期 2 年。 回避表决事宜： 关联董事叶峻先生、应晓明先生对与上海信投的关联交易事项回避表决。 上述关联交易属于公司日常业务经营中的正常业务，对公司的正常经营 活动及财务状况不构成重要影响。 一、关联交易概述 上海银行股份有限公司 关于关联交易事项的公告 上海银行股份有限公司（以下简称"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： 交易内容： （一）关联关系介绍 上海信投为公司主要股东上海联和投资有限公司实际控制的企业，公司董事 经公司董事会 2025 年第四次会议审议通过，同意给予上海信投不超过人民 币 24 亿元授信额度，授信有效期 2 年，用于债务融资工具承销、持券及债券投 资 ...

证券代码：601229 证券简称：上海银行 公告编号：临 2025-023 优先股代码：360029 优先股简称：上银优 1 可转债代码：113042 可转债简称：上银转债 上海银行股份有限公司 关于与西班牙桑坦德银行有限公司 签署战略合作协议的公告 上海银行股份有限公司（以下简称"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。 本协议有效期三年，签署之日即生效。 三、对上市公司的影响及风险提示 本协议为战略合作协议，对公司经营业绩的影响有待持续观察，请投资者注 意投资风险。 特此公告。 公司与西班牙桑坦德银行有限公司（Banco Santander, S.A.，以下简称"桑 坦德"）分别于 2014 年 1 月 10 日、2019 年 4 月 25 日、2022 年 4 月 25 日签署 了三轮战略合作协议，双方重点在零售转型、大学金融、国际业务、客户互荐、 绿色金融、跨境支付等方面开展积极合作。 为进一步深化合作，公司与桑坦德于近日签署了新一轮战略合作协议（以下 简称"本协议"）。桑坦德是公司战略投资者，也是公司第三大 ...