Financial Performance - In 2022, Shanghai Bank achieved a net profit attributable to shareholders of 22.08 billion RMB, a year-on-year increase of 1.08%[8]. - Total operating income for 2022 was RMB 53,112,478, down 5.54% from RMB 56,229,904 in 2021[33]. - Net profit for 2022 reached RMB 22,317,928, reflecting a 1.08% increase compared to RMB 22,080,368 in 2021[33]. - The average return on assets for 2022 was 0.81%, down from 0.86% in 2021[34]. - The weighted average return on equity for ordinary shareholders was 11.00% in 2022, a decrease of 0.80 percentage points from 11.80% in 2021[34]. - Operating income was RMB 53.11 billion, a decrease of 5.54% year-on-year[44]. - The company reported a net cash flow from operating activities of RMB 25,190,851 in 2022, a significant recovery from a negative cash flow in 2021[33]. - The company reported a total operating revenue of RMB 53,112.48 million, a decrease of RMB 31.17 million or 5.54% year-on-year[46]. Asset and Liability Management - Total assets reached 2,878.53 billion RMB, growing by 8.49% compared to the previous year[8]. - The year-end equity attributable to shareholders was 221.05 billion RMB, up 7.72% from the end of the previous year[8]. - The total liabilities of the group reached RMB 2,656.88 billion, an increase of RMB 209.45 billion, representing a growth rate of 8.56% compared to the previous year[82]. - The capital adequacy ratio improved to 13.16% as of December 31, 2022, up from 12.16% in 2021[36]. - The company optimized its liability structure, reducing interbank liabilities and increasing the stability of its funding sources[84]. - The total deposits increased to RMB 1,571,456,429 in 2022, reflecting an 8.34% growth from RMB 1,450,430,492 in 2021[35]. Loan and Credit Quality - The non-performing loan ratio remained stable at 1.25%, unchanged from the previous year[8]. - The overdue non-performing loan ratio decreased by 30 percentage points compared to the end of the previous year[9]. - The total customer loans and advances amounted to RMB 1,304.59 billion, an increase of RMB 80.85 billion, or 6.61% year-on-year[128]. - The non-performing loan balance decreased to RMB 12.04 billion, down 1.82% from the previous year, with a non-performing loan ratio of 1.56%, a decrease of 0.11 percentage points[95]. - The company has improved its risk management measures, focusing on value customer management and asset structure adjustment to maintain stable asset quality in retail loans[96]. - The provision coverage ratio decreased by 9.52 percentage points to 291.61%[94]. Digital Transformation and Innovation - The bank is committed to digital transformation, aiming to improve operational efficiency and customer service through data-driven management[14]. - Financial technology personnel increased by 16.78% year-on-year, with total financial technology investment growing by 15.06%, accounting for an increase of 0.82 percentage points in operating revenue[10]. - The company launched the "Spark" innovation incubation platform, successfully transforming 16 innovative ideas into tangible results during the reporting period[179]. - The company enhanced its digital operation system, reaching over 90 million customer touchpoints with improved strategy response rates[180]. - The company launched innovative custody products, including mixed valuation funds and MSCI index funds, enhancing its service offerings in key sectors[160]. Support for Economic Development - The bank is committed to supporting key sectors of the national economy and adjusting its business structure to align with economic development strategies[8]. - The bank's strategy includes a focus on green finance and supporting national green industry development[10]. - The company has increased its support for inclusive finance, green finance, and technology innovation finance, optimizing its business structure in response to macroeconomic adjustments[199]. - The company plans to continue supporting national strategic planning and regional economic development, particularly in the Yangtze River Delta and Guangdong-Hong Kong-Macau regions[100]. Customer and Market Position - The company maintains a leading market share in deposits and loans in the Shanghai region, with a solid customer and branch foundation[26]. - The bank's inclusive finance business scale exceeded 100 billion yuan, with significant growth in housing mortgage loans, ranking first among Chinese banks in Shanghai[27]. - The retail customer base expanded to 20.64 million, a growth of 6.10% year-on-year, with total retail customer assets under management (AUM) increasing by 7.40% to CNY 968.14 billion[163]. - The company had a total of 273,200 customers, an increase of 15,100 customers or 5.83% from the previous year[135]. Awards and Recognition - The bank received a long-term issuer rating of "Baa2" and a stable outlook from Moody's Investors Service[28]. - The bank ranked 68th in the "2022 Global Bank 1000" list by The Banker magazine based on tier 1 capital[29]. - The bank was awarded multiple honors, including "Best Private Bank" in the city/rural commercial bank category by Asian Private Banker magazine[31].

| 证券代码：601229 | 证券简称：上海银行 | 公告编号：临 2023-011 | | --- | --- | --- | | 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 关于参加 2023 年上海辖区上市公司年报集体业绩说明会的公告 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。 特此公告。 上海银行股份有限公司 2023 年 4 月 26 日 1 为进一步加强与广大投资者的沟通交流，公司将参加"2023 年上海辖区上 市公司年报集体业绩说明会"活动，现将有关事项公告如下： 本次业绩说明会活动将采取网络的方式举行，投资者可以登录"上证路演中 心"网站（http://roadshow.sseinfo.com）或关注微信公众号上证路演中心参 与活动，活动时间为 2023 年 5 月 10 日（周三）15:00 至 17:00。投资者可于 5 月9日下午17:00前将相关问题通过电子邮 ...

Financial Performance - The company's net interest income for the first half of 2022 was RMB 20,229,354 thousand, representing a 5.70% increase compared to RMB 19,138,091 thousand in the same period of 2021[19]. - Total operating income for the first half of 2022 was RMB 27,941,662 thousand, a slight increase of 0.86% from RMB 27,704,556 thousand in the first half of 2021[19]. - The company's net profit for the first half of 2022 reached RMB 12,693,556 thousand, reflecting a growth of 3.22% compared to RMB 12,297,354 thousand in the same period of 2021[19]. - The total assets of the company as of June 30, 2022, amounted to RMB 2,814,652,578 thousand, marking a 6.09% increase from RMB 2,653,198,679 thousand at the end of 2021[19]. - Total deposits amounted to RMB 1,552.72 billion, growing by 7.05% year-on-year, accounting for 59.66% of total liabilities[27]. - Total loans and advances reached RMB 1,277.48 billion, up 4.39% from the previous year, representing 45.39% of total assets[27]. - The company's net profit attributable to shareholders of the parent company was 12.674 billion RMB, reflecting a year-on-year growth of 3.23%[31]. - The group achieved operating income of 27.942 billion RMB, a year-on-year increase of 0.86%[32]. - The net profit margin improved slightly, with total profit amounting to 13.654 billion RMB, a 0.88% increase year-on-year[31]. Risk Management - The bank's risk management measures have effectively controlled various operational risks, ensuring a stable credit asset quality and profitability[2]. - The company has taken proactive measures to manage risks related to credit, market, liquidity, and operational aspects[2]. - The company maintained a stable non-performing loan ratio, ensuring that credit impairment losses remained at a reasonable level[14]. - The non-performing loan ratio remained stable at 1.25%[22]. - The provision coverage ratio improved to 302.24%, an increase of 1.11 percentage points from the previous year[29]. - The company has implemented differentiated control policies to mitigate risks in sectors affected by the pandemic, ensuring overall credit risk remains manageable[89]. - The company plans to focus on value customer management and enhance risk control measures to maintain retail loan asset quality[84]. Digital Transformation - The company is actively pursuing digital transformation, enhancing data-driven management capabilities and optimizing customer experience[18]. - The bank's digital transformation initiatives improved loan processing times, with online loan approvals reduced to under 30 minutes for certain products[130]. - The bank added over 2,700 new indicators and 150 models to its data platform, enhancing operational management and decision-making capabilities[131]. - The company has launched AI digital employees to provide 24/7 intelligent voice interaction services for customers[188]. - The company has developed and launched the "Yaoguang" distributed application development platform, enhancing its self-research capabilities and promoting agile development[183]. Support for Small and Micro Enterprises - The company provided convenient financing services to 18,796 small and micro enterprises, an increase of 4,997 enterprises, representing a growth rate of 36.21%[180]. - The company issued loans totaling 11.522 billion RMB to support small and micro enterprises during the pandemic, with 1,492 emergency service transactions recorded[189]. - The bank provided loan extensions and interest reductions to 3,528 clients affected by the pandemic, ensuring no loan withdrawals or cuts for medium-sized enterprises[126]. Asset Quality and Loan Performance - The company's retail loan non-performing rate was 0.97%, slightly up by 0.20 percentage points, influenced by the sporadic domestic pandemic affecting individual businesses and repayment capabilities[83]. - The NPL ratio for the real estate sector is 2.89%, a decrease of 0.16 percentage points from the previous year, indicating improved asset quality[87]. - The overdue loans and advances balance decreased by CNY 1,703,000,000 compared to the end of the previous year, with an overdue ratio of 1.86%, down 0.22 percentage points[97]. - The total impairment provision for loans and advances was CNY 48,168,937, reflecting a robust risk coverage capability[101]. Inclusive and Green Finance - The bank emphasized its commitment to inclusive finance, green finance, and technology innovation finance, enhancing its business structure to support the real economy[9]. - The balance of inclusive finance loans rose to CNY 87.84 billion, a year-on-year increase of 21.70%[138]. - Green loan issuance amounted to RMB 35.449 billion, a year-on-year increase of 245.41%[145]. - The balance of green finance loans surged by 96.93% to CNY 59.49 billion[138]. Customer Base and Engagement - The number of company customers increased by 3.08% to 266,100[138]. - Retail customer base increased to 19.93 million, a growth of 2.43% compared to the end of last year[165]. - The total assets under management (AUM) for retail customers reached CNY 947.221 billion, up 5.08% from the end of last year[165]. Capital and Funding - The capital adequacy ratio was 12.04%, down 0.12 percentage points from the end of the previous year[22]. - The group plans to issue 20 billion RMB in secondary capital bonds to support sustainable business development[29]. - The core tier 1 capital as of June 30, 2022, was CNY 187,903,968, an increase from CNY 181,445,480 at the end of 2021[103]. Operational Efficiency - The company has integrated 26 real-time data sources into its data platform, offering 360 real-time data tags and 255 standard API data services[187]. - The company has established a digital operation system that has doubled the conversion rate of customer journeys after optimization[188]. - The company improved its retail business structure, focusing on low-cost liabilities and enhancing pricing management[166].

[Main Financial Data](index=2&type=section&id=I.%20Main%20Financial%20Data) [Key Accounting Data and Financial Indicators](index=2&type=section&id=(I)%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The Group achieved steady single-digit growth in operating revenue and net profit attributable to the parent company in Q1 2022, with total assets increasing by 3.95% from prior year-end Key Financial Indicators for Q1 2022 | Indicator | Jan-Mar 2022 | Jan-Mar 2021 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB Thousand) | 14,228,686 | 13,821,572 | +2.95% | | Net Profit Attributable to Shareholders of the Parent Company (RMB Thousand) | 5,853,179 | 5,553,711 | +5.39% | | Basic Earnings Per Share (RMB/share) | 0.41 | 0.39 | +5.13% | | Annualized Net Interest Margin | 1.71% | 1.73% | Down 0.02 percentage points | | **Indicator** | **Mar 31, 2022** | **Dec 31, 2021** | **Change from Prior Year-end** | | Total Assets (RMB Thousand) | 2,757,977,320 | 2,653,198,679 | +3.95% | | Net Assets Attributable to Shareholders of the Parent Company (RMB Thousand) | 211,127,593 | 205,203,632 | +2.89% | - Net cash flow from operating activities significantly changed from **-RMB 14.44 billion** in the same period last year to a positive inflow of **RMB 30.59 billion**[3](index=3&type=chunk) [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=(II)%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Net non-recurring gains and losses affecting net profit attributable to parent company shareholders totaled **RMB 20.23 million**, mainly from other net gains and losses Non-recurring Gains and Losses Items for Jan-Mar 2022 | Item | Amount (RMB Thousand) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -31 | | Other Net Gains/Losses | 27,499 | | Income Tax Impact | -6,921 | | **Non-recurring Gains and Losses Affecting Net Profit Attributable to Shareholders of the Parent Company** | **20,227** | [Capital Adequacy Ratio](index=3&type=section&id=(IV)%20Capital%20Adequacy%20Ratio) As of end-March 2022, the Group's capital adequacy ratios improved from prior year-end, meeting regulatory requirements with **Common Equity Tier 1, Tier 1, and Total Capital Adequacy Ratios at 9.14%, 10.14%, and 12.30%** respectively Capital Adequacy Ratios (Consolidated) | Indicator | Mar 31, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | Common Equity Tier 1 Capital Adequacy Ratio | 9.14% | 8.95% | | Tier 1 Capital Adequacy Ratio | 10.14% | 9.95% | | Total Capital Adequacy Ratio | 12.30% | 12.16% | [Leverage Ratio](index=3&type=section&id=(V)%20Leverage%20Ratio) As of end-March 2022, the Group's leverage ratio slightly decreased to **6.37%** from **6.49%** at prior year-end, maintaining a stable level - As of end-March 2022, the leverage ratio was **6.37%**, with net Tier 1 capital of **RMB 203.015 billion** and adjusted on- and off-balance sheet assets of **RMB 3,186.943 billion**[7](index=7&type=chunk) [Liquidity Coverage Ratio](index=3&type=section&id=(VI)%20Liquidity%20Coverage%20Ratio) As of end-March 2022, the Group's liquidity coverage ratio significantly improved to **168.81%** from **150.51%** at prior year-end, indicating ample short-term liquidity - The liquidity coverage ratio increased from **150.51%** at end-2021 to **168.81%** at end-March 2022, primarily due to an increase in high-quality liquid assets[8](index=8&type=chunk) [Asset Quality](index=4&type=section&id=(VII)%20Asset%20Quality) As of end-March 2022, the Group's asset quality remained stable, with the non-performing loan ratio at **1.25%** and provision coverage ratio increasing to **303.60%**, enhancing risk coverage Core Asset Quality Indicators | Indicator | Mar 31, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | Non-performing Loan Ratio | 1.25% | 1.25% | | Provision Coverage Ratio | 303.60% | 301.13% | | Loan Loss Provision Ratio | 3.79% | 3.76% | | Percentage of Special Mention Loans | 1.60% | 1.65% | [Shareholder Information](index=5&type=section&id=II.%20Shareholder%20Information) [Common Shareholder Information](index=5&type=section&id=(I)%20Total%20Number%20of%20Common%20Shareholders%20and%20Shareholding%20of%20Top%20Ten%20Shareholders) As of the reporting period end, the company had **136,949 common shareholders**, with the top three maintaining a stable equity structure: Shanghai United Investment Co., Ltd. (**14.68%**), Shanghai International Port Group Co., Ltd. (**8.30%**), and Banco Santander, S.A. (**6.54%**) Shareholding of Top Five Common Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage | | :--- | :--- | :--- | | Shanghai United Investment Co., Ltd. | State-owned Legal Person | 14.68% | | Shanghai International Port Group Co., Ltd. | State-owned Legal Person | 8.30% | | Banco Santander, S.A. | Overseas Legal Person | 6.54% | | TCL Technology Group Corporation | Domestic Non-state-owned Legal Person | 5.76% | | China Jianyin Investment Ltd. | State-owned Legal Person | 4.84% | [Preferred Shareholder Information](index=6&type=section&id=(II)%20Total%20Number%20of%20Preferred%20Shareholders%20and%20Shareholding%20of%20Top%20Ten%20Preferred%20Shareholders) As of the reporting period end, the company had **28 preferred shareholders**, primarily institutional investors including trust and asset management plans, and insurance companies - At the end of the reporting period, the total number of preferred shareholders was **28**, with the top two being Huabao Trust - Baofu Investment No. 1 Collective Fund Trust Plan (**12.50%**) and China Creation Capital Fund - China Merchants Bank (**10.00%**)[11](index=11&type=chunk)[12](index=12&type=chunk) [Management Discussion and Analysis of Operations](index=7&type=section&id=III.%20Management%20Discussion%20and%20Analysis%20of%20Operations) [Asset and Liability Scale Maintained Growth, Business Structure Continuously Adjusted](index=7&type=section&id=(I)%20Asset%20and%20Liability%20Scale%20Maintained%20Growth,%20Business%20Structure%20Continuously%20Adjusted) In Q1 2022, the Group's total assets and deposits grew steadily by **3.95%** and **3.10%** respectively, with optimized credit structure and total customer loans increasing by **2.69%** Scale Indicators (As of end-March 2022) | Indicator | Amount (RMB Billion) | Change from Prior Year-end | | :--- | :--- | :--- | | Total Assets | 2,757.98 | +3.95% | | Total Customer Loans and Advances | 1,256.68 | +2.69% | | Total Deposits | 1,495.45 | +3.10% | [Overall Stable Operating Performance, Steady Growth in Operating Revenue and Profitability](index=7&type=section&id=(II)%20Overall%20Stable%20Operating%20Performance,%20Steady%20Growth%20in%20Operating%20Revenue%20and%20Profitability) In Q1 2022, the Group achieved **RMB 14.229 billion** in operating revenue and **RMB 5.853 billion** in net profit attributable to the parent company, driven by **9.09%** YoY growth in net interest income - Net interest income increased by **9.09%** YoY, primarily due to the growth in interest-earning assets[15](index=15&type=chunk) - Net fee and commission income increased by **3.51%** YoY, mainly from the expansion of agency, wealth management, and cross-border businesses[15](index=15&type=chunk) - Other non-interest income decreased YoY, affected by the reduction in trading financial assets and changes in market interest rates[15](index=15&type=chunk) [Asset Quality Generally Stable, Capital Adequacy Meets Regulatory Requirements](index=7&type=section&id=(III)%20Asset%20Quality%20Generally%20Stable,%20Capital%20Adequacy%20Meets%20Regulatory%20Requirements) The Group maintained stable asset quality with a **1.25%** non-performing loan ratio and increased provision coverage to **303.60%**, while all capital adequacy ratios met regulatory requirements, supported by a planned **RMB 20 billion** Tier 2 capital bond issuance - As of end-March 2022, the non-performing loan ratio was **1.25%**, unchanged from the prior year-end; the percentage of special mention loans decreased by **0.05 percentage points** to **1.60%** from the prior year-end[16](index=16&type=chunk)[17](index=17&type=chunk) - The total capital adequacy ratio was **12.30%**, Tier 1 capital adequacy ratio was **10.14%**, and Common Equity Tier 1 capital adequacy ratio was **9.14%**, all meeting regulatory requirements[17](index=17&type=chunk) [Corporate Business Development](index=8&type=section&id=(IV)%20Strengthening%20Specialized%20Operations%20to%20Promote%20High-Quality%20Corporate%20Business%20Development) Corporate business achieved high-quality development by focusing on key areas, with significant loan growth in advanced manufacturing, inclusive, green, technology innovation, and supply chain finance, effectively supporting the real economy - RMB corporate loan balance was **RMB 701.914 billion**, an increase of **3.44%** from the prior year-end[18](index=18&type=chunk) Loan Growth in Key Areas (As of end-March 2022) | Loan Area | Balance (RMB Billion) | Change from Prior Year-end | | :--- | :--- | :--- | | Manufacturing Enterprise Loans | 64.364 | +11.64% | | Inclusive Finance Loans | 80.042 | +10.90% | | Green Loans | 47.670 | +57.79% | | Technology-based Enterprise Loans | 80.807 | +8.15% | | Online Supply Chain Loans | 36.815 | +13.99% | [Financial Markets, Interbank, and Wealth Management Business](index=9&type=section&id=(V)%20Focusing%20on%20Value%20Creation%20to%20Enhance%20Comprehensive%20Competitiveness%20in%20Financial%20Markets,%20Interbank,%20and%20Wealth%20Management%20Businesses) Financial market business saw steady growth in bond assets and client-facing income, interbank custody scale expanded, and wealth management successfully transformed with the approval of its wholly-owned subsidiary, Shanghai Bank Wealth Management Co., Ltd - From Jan-Mar 2022, client-facing transaction volume increased by **83.64%** YoY, and client-facing business income increased by **24.99%** YoY[20](index=20&type=chunk) - As of end-March 2022, interbank custody scale reached **RMB 1,582.414 billion**[20](index=20&type=chunk) - From Jan-Mar 2022, wealth management asset management fee income was **RMB 457 million**, a YoY increase of **20.70%**; the wholly-owned subsidiary Shanghai Bank Wealth Management Co., Ltd. was approved for operation in March[20](index=20&type=chunk)[21](index=21&type=chunk) [Retail Business Development](index=10&type=section&id=(VI)%20Deepening%20Retail%20Business%20Development%20by%20Focusing%20on%20Customer%20Acquisition%20and%20Engagement) Retail business, focused on pension finance and wealth management, achieved continuous growth in customer base and AUM, with pension customers remaining number one in Shanghai and wealth management fee income steadily increasing Core Retail Business Indicators (As of end-March 2022) | Indicator | Value | Change from Prior Year-end | | :--- | :--- | :--- | | Retail Customers (Million Accounts) | 19.7035 | +1.26% | | Retail Customer AUM (RMB Billion) | 920.868 | +2.15% | | RMB Personal Deposit Balance (RMB Billion) | 405.688 | +6.65% | | RMB Personal Loan Balance (RMB Billion) | 379.201 | -2.27% | - Pension customers reached **1.6122 million accounts**, with AUM of **RMB 427.378 billion**, an increase of **2.58%** from the prior year-end[21](index=21&type=chunk) - From Jan-Mar 2022, wealth management intermediate business income was **RMB 448 million**, a YoY increase of **7.18%**[22](index=22&type=chunk) [Fintech and Digital Transformation](index=11&type=section&id=(VII)%20Fintech%20Development%20Progressing%20Orderly,%20Digitalization%20Level%20Continuously%20Improving) The company advanced fintech development, enhancing delivery efficiency through agile R&D and increasing financial service product delivery capacity by **25%** YoY in March, while strengthening data-driven management and AI capabilities for digital transformation - The fintech team formed **25 tribes** and **225 squads** to implement agile R&D[24](index=24&type=chunk) - In March 2022, financial service product delivery capacity increased by approximately **25%** YoY[24](index=24&type=chunk) - Launched a special data governance initiative, driven by **2 backbone projects** and **20 key projects**, to accelerate enterprise-level digital transformation[25](index=25&type=chunk) [Other Significant Matters](index=13&type=section&id=IV.%20Other%20Significant%20Matters) [Convertible Bond Information](index=13&type=section&id=(I)%20A-share%20Convertible%20Corporate%20Bonds%20Conversion%20and%20Interest%20Payment%20Status) The company completed the annual interest payment for "Shanghai Bank Convertible Bonds" on January 25, 2022, with **RMB 1.278 million** of convertible bonds converted into A-share common stock by the reporting period end - As of March 31, 2022, a cumulative **RMB 1.278 million** of "Shanghai Bank Convertible Bonds" had been converted, resulting in **120,143 shares**[26](index=26&type=chunk) [Wealth Management Subsidiary Commencement of Operations](index=13&type=section&id=(II)%20Shanghai%20Bank%20Wealth%20Management%20Co.,%20Ltd.%20Approved%20for%20Operation) In March 2022, the company's wholly-owned subsidiary, Shanghai Bank Wealth Management Co., Ltd., was approved for operation, marking a new development stage for its wealth management business - The company's wholly-owned subsidiary, Shanghai Bank Wealth Management Co., Ltd., was approved by regulatory authorities to commence operations in March 2022[27](index=27&type=chunk) [Quarterly Financial Statements](index=14&type=section&id=V.%20Quarterly%20Financial%20Statements) [Consolidated Balance Sheet](index=14&type=section&id=Consolidated%20Balance%20Sheet) The statement presents the Group's financial position as of March 31, 2022, with total assets of **RMB 2.76 trillion**, total liabilities of **RMB 2.55 trillion**, and total equity attributable to parent company shareholders of **RMB 211.13 billion** Key Balance Sheet Items (March 31, 2022) | Item | Amount (RMB Thousand) | | :--- | :--- | | Total Assets | 2,757,977,320 | | Total Liabilities | 2,546,276,539 | | Total Equity Attributable to Shareholders of the Parent Company | 211,127,593 | [Consolidated Income Statement](index=16&type=section&id=Consolidated%20Income%20Statement) The statement presents Q1 2022 operating results, with operating revenue of **RMB 14.229 billion**, net profit of **RMB 5.862 billion**, and net profit attributable to parent company shareholders of **RMB 5.853 billion** Key Income Statement Items (Jan-Mar 2022) | Item | Amount (RMB Thousand) | | :--- | :--- | | Operating Revenue | 14,228,686 | | Operating Profit | 6,191,071 | | Net Profit | 5,861,554 | | Net Profit Attributable to Shareholders of the Parent Company | 5,853,179 | [Consolidated Cash Flow Statement](index=18&type=section&id=Consolidated%20Cash%20Flow%20Statement) The statement presents Q1 2022 cash flow changes, with net cash flow from operating activities turning positive at **RMB 30.591 billion**, net cash outflow from investing activities at **RMB 16.823 billion**, and net cash inflow from financing activities at **RMB 12.382 billion** Key Cash Flow Statement Items (Jan-Mar 2022) | Item | Amount (RMB Thousand) | | :--- | :--- | | Net Cash Flow from Operating Activities | 30,590,863 | | Net Cash Flow from Investing Activities | (16,822,689) | | Net Cash Flow from Financing Activities | 12,382,397 | | Cash and Cash Equivalents at Period End | 82,567,676 |

Financial Performance - In 2021, Bank of Shanghai achieved operating income of RMB 56.23 billion, a year-on-year increase of 10.81%[8]. - The net profit attributable to shareholders of the parent company was RMB 22.04 billion, representing a year-on-year growth of 5.54%[8]. - As of the end of 2021, the group's deposits and loans grew by 11.81% and 11.44% respectively, with revenue reaching 56.2 billion yuan, a year-on-year increase of 10.81%[15]. - Net interest income for 2021 reached RMB 40,437,503 thousand, an increase of 11.11% compared to RMB 36,394,280 thousand in 2020[45]. - Fee and commission income rose significantly by 61.31% to RMB 9,047,039 thousand from RMB 5,608,546 thousand in the previous year[45]. - Total operating income increased by 10.81% to RMB 56,229,904 thousand, up from RMB 50,746,123 thousand in 2020[45]. - The net profit for 2021 was RMB 22,080,368 thousand, reflecting a growth of 5.57% from RMB 20,914,871 thousand in 2020[45]. - Total assets as of December 31, 2021, amounted to RMB 2,653,198,679 thousand, a 7.76% increase from RMB 2,462,144,021 thousand in 2020[46]. - Customer loans and advances totaled RMB 1,223,747,766 thousand, marking an 11.44% increase from RMB 1,098,124,072 thousand in 2020[45]. - Total deposits reached RMB 1,450,430,492 thousand, up 11.81% from RMB 1,297,175,690 thousand in the previous year[46]. Asset Quality and Risk Management - The non-performing loan ratio at the end of the year was 1.25%, with a provision coverage ratio of 301.13%, indicating strong asset quality and risk mitigation[8]. - The net profit attributable to shareholders exceeded 22 billion yuan, with a non-performing loan ratio of 1.25% and a provision coverage ratio maintained above 300%[15]. - The provision coverage ratio stood at 301.13%, reflecting a sufficient overall provision level[55]. - The non-performing loan (NPL) ratio at the end of the reporting period was 1.25%, an increase of 0.03 percentage points from the end of the previous year, primarily due to risks in the real estate sector[106]. - The company has strengthened risk management for large credit exposures to mitigate new risks[109]. - The company has implemented measures to enhance recovery and disposal efforts for non-performing assets[113]. - The company is focusing on risk management in the real estate sector, implementing differentiated credit policies, and supporting housing projects with good sales prospects[153]. Digital Transformation and Innovation - The bank's digital transformation is a core driver for future development, focusing on data governance and intelligent application of systems[12]. - The digital transformation strategy is focused on online, digital, and intelligent directions to enhance customer engagement and operational management[20]. - The company successfully integrated over 80 business lines into its digital transformation strategy, enhancing operational efficiency[157]. - The company achieved a reduction in loan approval time from an average of 15-30 days to 3-12 days through full-process online reconstruction of retail mortgage loans[157]. - The company launched the "Beautiful Life" APP, with 428,000 registered users and a card binding rate of 91.82%[193]. Inclusive and Green Finance - Inclusive finance loans increased by 64.55%, green loans by 180.07%, and livelihood loans by 53.61% compared to the previous year[9]. - The company aims to enhance its service capabilities in green finance, focusing on "green finance+" products and achieving its dual carbon goals outlined in its white paper[19]. - The company actively supports green finance initiatives and has expanded its credit services in inclusive finance, technology innovation finance, and supply chain finance[109]. - The company launched the "Green Finance Action Plan 2.0," enhancing its "Green Finance+" product service system, which includes four major product categories: "Green Benefits for Enterprises," "Green Investment and Trade," "Global Green Financing," and "Enjoying Green Life"[166]. - During the reporting period, the company issued green loans amounting to CNY 26.995 billion, with a year-end balance of CNY 30.211 billion, representing a growth of 180.07% year-over-year[166]. Wealth Management and Customer Engagement - The wealth management revenue grew by 32.12% year-on-year, with personal wealth management balance increasing by 19.33%[10]. - The company emphasizes the importance of wealth management, achieving rapid growth in customer service and scale efficiency[20]. - The bank is prioritizing the cultivation of high-net-worth clients and expanding its wealth management and pension services[29]. - The total assets under management (AUM) for retail customers amounted to CNY 901.47 billion, reflecting a growth of 20.34% year-on-year[195]. - The AUM for pension clients reached CNY 416.61 billion, a growth of 19.96% year-on-year, accounting for 46.21% of total retail AUM[197]. Strategic Vision and Market Positioning - The strategic vision is to become a "boutique bank" characterized by refined products and professional services, with a focus on quality growth and brand integrity[28]. - The bank's regional positioning includes deepening its presence in Shanghai and the Yangtze River Delta while expanding nationally and internationally[29]. - The company is actively expanding its partnerships with financial peers and business partners to improve financing capabilities[13]. - The company is focusing on supporting state-owned enterprises and key regional economic developments, particularly in the Yangtze River Delta and Greater Bay Area[116]. Awards and Recognition - The company has received multiple awards for its contributions to the financial sector, including the "Best Wealth Management Bank in China" at the Asia-Pacific Wealth Forum[40]. - The company ranked 67th in the "2021 Global Bank 1000" list by The Banker magazine, improving by six positions from 2020[38]. - The company has been recognized for its innovative financial products, including the "patent licensing income pledge financing" model, which was selected as a top case in Shanghai[39].

Financial Performance - In Q3 2021, Shanghai Bank reported operating income of RMB 13,751,360 thousand, an increase of 13.43% year-on-year[4] - The net profit attributable to shareholders of the parent company for Q3 2021 was RMB 4,366,208 thousand, reflecting an increase of 11.36% compared to the same period last year[4] - The company achieved operating revenue of RMB 41.456 billion for the first nine months of 2021, representing a year-on-year growth of 10.44%[14] - Net profit attributable to shareholders of the parent company reached RMB 16.644 billion, with a year-on-year increase of 10.58%[14] - The net profit from continuing operations for the first three quarters of 2021 was RMB 16.672 billion, compared to RMB 15.077 billion in the same period last year[32] - The total comprehensive income for the first nine months of 2021 was CNY 15,732,701 thousand, slightly down from CNY 15,814,793 thousand in 2020[35] Asset and Liability Management - The total assets of Shanghai Bank as of September 30, 2021, reached RMB 2,652,036,988 thousand, a growth of 7.71% compared to the end of 2020[4] - The total liabilities as of September 30, 2021, were RMB 2,450.680 billion, an increase from RMB 2,271.205 billion at the end of 2020[31] - Cash and cash equivalents at the end of the period increased to CNY 73,064,753 thousand from CNY 56,460,993 thousand, representing a growth of approximately 29.4%[38] - The group reported a net increase in customer deposits of CNY 159,247,026 thousand, compared to CNY 119,282,385 thousand in the previous year, reflecting a growth of about 33.5%[36] Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio stood at 9.08% as of September 30, 2021, compared to 9.34% at the end of 2020[7] - The company’s capital adequacy ratio was 12.37%, with the core tier 1 capital ratio at 9.08%, both exceeding regulatory requirements[17] - The bank's leverage ratio was 6.48% as of September 30, 2021, slightly down from 6.53% in the previous quarter[8] Profitability Metrics - The annualized return on average assets was 0.66%, showing an increase of 0.01 percentage points from the previous year[4] - The weighted average return on equity for the parent company's ordinary shareholders was 9.78%, an increase of 0.26 percentage points year-on-year[4] - The weighted average return on equity (ROE) for the first nine months was 12.56%, an increase of 0.23 percentage points compared to the previous year[14] - The basic earnings per share rose to CNY 1.17 from CNY 1.06, marking an increase of about 10.4%[35] Loan and Credit Quality - The total amount of customer loans and advances reached RMB 1,212.501 billion, with a total impairment provision of RMB 47.828 billion[10] - The non-performing loan ratio stood at 1.19%, a slight decrease from 1.22% at the end of the previous year[10] - The provision coverage ratio improved to 331.77%, up from 321.38% at the end of the previous year[10] - The balance of personal loans and advances was CNY 3,740.66 billion, an increase of 7.52% year-on-year[22] Digital Transformation and Innovation - The company is focusing on digital transformation and optimizing business structure as part of its three-year development plan (2021-2023)[13] - The company is actively enhancing its financial technology support to improve risk management mechanisms[13] - The average number of product collaborations with key clients increased to 10.89, up by 9.56% from the previous year[21] - For the first three quarters of 2021, the transaction amount of internet business reached RMB 6.94 trillion, a year-on-year growth of 57.47%[25] Customer Base and Retail Banking - The number of retail customers reached 19.17 million, an increase of 5.56% year-on-year, with total retail customer assets under management (AUM) at CNY 8,815.29 billion, up 17.68%[22] - By the end of September 2021, the number of personal online customers was 42.6226 million, a growth of 9.69% year-on-year[25] - The average daily deposits driven by online financial services amounted to RMB 33.952 billion, representing a year-on-year increase of 27.10%[25] Investment and Financing Activities - The company issued RMB 30 billion financial bonds in August 2021, with a fixed interest rate of 3.03% for a three-year term[27] - The total investment cash outflow was CNY 361,417,224 thousand, compared to CNY 370,120,392 thousand in the previous year, indicating a decrease of approximately 2.0%[37] - The net cash flow from financing activities was CNY 67,101,012 thousand, significantly higher than CNY 11,263,222 thousand in the previous year, showing a substantial increase[38]