浦发银行(600000) - 2025 Q2 - 季度业绩

Announcement Overview Shanghai Pudong Development Bank releases preliminary unaudited financial data for H1 2025, emphasizing investment risks - Shanghai Pudong Development Bank released its H1 2025 performance express report, disclosing preliminary consolidated financial data[1] - The data in this announcement is unaudited, investors should be aware of investment risks, and final data will be based on the company's H1 2025 report[1] I. H1 2025 Key Financial Data and Indicators This section presents the preliminary unaudited key financial performance and position indicators for H1 2025 H1 2025 Key Financial Data and Indicators (Unit: RMB Million) | Item | Current Period (Unaudited) | Prior Year Period (Unaudited) | Change (%) | | :--- | :--- | :--- | :--- | | Income Statement Indicators | | | | | Operating Revenue | 90,559 | 88,248 | 2.62 | | Operating Profit | 33,498 | 30,228 | 10.82 | | Total Profit | 33,138 | 30,170 | 9.84 | | Net Profit Attributable to Parent Company Shareholders | 29,737 | 26,988 | 10.19 | | Net Profit Attributable to Parent Company Shareholders Excluding Non-recurring Gains and Losses | 29,984 | 26,806 | 11.86 | | Basic Earnings Per Share (RMB/share) | 0.99 | 0.89 | 11.24 | | Diluted Earnings Per Share (RMB/share) | 0.90 | 0.82 | 9.76 | | Weighted Average Return on Net Assets (%) | 4.33 | 4.17 | Increased by 0.16 percentage points | | Balance Sheet and Other Indicators | End of Current Period (Unaudited) | Beginning of Current Period (Audited) | Change (%) | | Total Assets | 9,645,791 | 9,461,880 | 1.94 | | Of which: Total Loans | 5,634,931 | 5,391,530 | 4.51 | | Total Liabilities | 8,844,539 | 8,717,099 | 1.46 | | Of which: Total Deposits | 5,594,308 | 5,145,959 | 8.71 | | Net Assets Attributable to Parent Company Shareholders | 792,855 | 736,329 | 7.68 | | Net Assets Attributable to Parent Company Ordinary Shareholders | 682,936 | 656,410 | 4.04 | | Total Ordinary Share Capital | 30,264 | 29,352 | 3.11 | | Net Assets Per Ordinary Share Attributable to Parent Company Ordinary Shareholders (RMB/share) | 22.57 | 22.36 | 0.94 | | Non-performing Loan Ratio (%) | 1.31 | 1.36 | Decreased by 0.05 percentage points | | Provision Coverage Ratio (%) | 193.97 | 186.96 | Increased by 7.01 percentage points | - The company considered the impact of RMB 721.5 million dividend distribution for SPD Bank Preferred Stock 2 in March 2025 when calculating EPS and ROE[5] - During the reporting period, the company's convertible bond 'SPD Bank Convertible Bond' converted into 912,320,881 shares, increasing total ordinary share capital to 30,264,499,183 shares at period-end[5] II. Explanation of Operating Performance and Financial Position This section details the bank's operational strategies, financial performance, business scale, and asset quality improvements 2.1 Overall Business Strategy and Performance SPD Bank implemented national strategies, focusing on digitalization and key financial initiatives, achieving revenue and profit growth, stable asset scale, effective credit, and improved asset quality - The company thoroughly implemented decisions from central and local governments, adhered to regulatory requirements, led with a 'digital intelligence' strategy, diligently executed 'five key financial initiatives,' and served the construction of Shanghai's 'five centers'[6] - Closely focused on the operating principle of 'strengthening key sectors, optimizing structure, controlling risks, and enhancing efficiency,' concentrating on 'five major tracks' to continuously improve the quality and effectiveness of serving the real economy[6] - The company achieved year-on-year 'double growth' in revenue and profit, a stable increase in asset scale, strong and effective credit disbursement, and continuous improvement in asset quality, maintaining and consolidating a steady and positive operating trend[6] 2.2 Operating Performance SPD Bank achieved significant growth in operating revenue and net profit, driven by optimized asset-liability structure, narrowed net interest margin decline, credit support for the real economy, and effective liability cost control Key Operating Performance Indicators (Unit: RMB Million) | Indicator | Current Period | Year-on-year Change | Year-on-year Growth Rate (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 90,559 | +2,311 | 2.62 | | Net Profit Attributable to Parent Company Shareholders | 29,737 | +2,749 | 10.19 | | Net Profit Attributable to Parent Company Shareholders Excluding Non-recurring Gains and Losses | 29,984 | +3,178 | 11.86 | - During the reporting period, the company steadily optimized its asset-liability structure, with the net interest margin decline narrowing and stabilizing[6] - Increased support for the real economy, with strong, effective, and optimized credit disbursement, effectively buffering the impact of declining market interest rates[6] - Expanded liability sources through multiple channels and scenarios, leading to a significant decrease in interest-bearing liability costs[6] 2.3 Business Scale At period-end, SPD Bank's total assets, total loans, total liabilities, and total deposits all grew steadily, with deposits showing particularly significant growth, indicating continuous business expansion Key Business Scale Indicators (Period-end, Unit: RMB Million) | Indicator | End of Current Period | Increase from Prior Year-end | Growth Rate from Prior Year-end (%) | | :--- | :--- | :--- | :--- | | Total Assets | 9,645,791 | +183,911 | 1.94 | | Total Loans | 5,634,931 | +243,401 | 4.51 | | Total Liabilities | 8,844,539 | +127,440 | 1.46 | | Total Deposits | 5,594,308 | +448,349 | 8.71 | 2.4 Asset Quality SPD Bank implemented a 'control new, reduce old' strategy, intensifying NPL disposal, achieving 'double decline' in NPL balance and ratio, and significantly increasing provision coverage, enhancing risk mitigation capabilities Key Asset Quality Indicators (Period-end) | Indicator | End of Current Period | Change from Prior Year-end | Change from Q1-end | | :--- | :--- | :--- | :--- | | Non-performing Loan Balance (RMB Million) | 73,672 | Increased by 518 | Decreased by 608 | | Non-performing Loan Ratio (%) | 1.31 | Decreased by 0.05 percentage points | Decreased by 0.02 percentage points | | Provision Coverage Ratio (%) | 193.97 | Increased by 7.01 percentage points | Increased by 6.98 percentage points | - The Group adhered to a 'control new, reduce old' risk management approach, continuously increasing efforts in disposing of existing non-performing assets, achieving significant risk reduction[8] - At the end of the reporting period, both non-performing loan balance and non-performing loan ratio achieved a 'double decline' compared to the end of Q1, with continuously enhanced risk mitigation capabilities[8] III. Risk Warning Investors are cautioned that preliminary financial data may differ from the final audited report, with significant discrepancies to be separately announced - The H1 2025 key financial data in this announcement are preliminary and may differ from the data disclosed in the company's H1 2025 report[9] - If the difference between relevant financial data and indicators and the performance express report reaches 10%, the company will issue a separate announcement, urging investors to be aware of investment risks[9] IV. Documents for Reference This section lists the comparative balance sheet and income statement signed by key executives as reference documents - Reference documents include the comparative balance sheet and income statement signed by Chairman Zhang Weizhong, President Xie Wei, and Head of Accounting Department Zhang Hui[10]