SPD BANK(SH:600000) Zhong Guo Ji Jin Bao·2025-04-30 11:47Core Insights - Shanghai Pudong Development Bank (SPDB) reported a positive performance in Q1 2025, driven by its "digital intelligence" strategy and a focus on key financial sectors, demonstrating resilience in a complex market environment [1][2] Financial Performance - As of the end of Q1 2025, SPDB's total assets reached 9.55 trillion yuan, with total loans (including discounted bills) amounting to 5.58 trillion yuan, reflecting a 3.49% increase from the end of the previous year [2] - The bank's total liabilities stood at 8.8 trillion yuan, with total deposits of 5.47 trillion yuan, marking a 6.30% growth compared to the previous year [2] - In Q1 2025, SPDB achieved an operating income of 45.922 billion yuan, a year-on-year increase of 1.31%, and a net profit attributable to shareholders of 17.598 billion yuan, up 1.02% year-on-year [2] - The non-performing loan (NPL) ratio was 1.33%, a decrease of 0.03 percentage points from the end of the previous year, while the provision coverage ratio rose to 186.99%, indicating improved risk mitigation capabilities [2] Strategic Initiatives - SPDB is focusing on its "digital intelligence" strategy in 2025, emphasizing high-quality sustainable development through innovation and service enhancement [3] - The bank has upgraded its technology financial service system and launched a "billion-dollar action plan" for technology enterprise mergers and acquisitions, serving over 87,500 technology enterprises, a 1.64 million increase from the previous year [3] - In supply chain finance, SPDB has served 25,466 upstream and downstream supply chain clients, with online supply chain business volume reaching 161.235 billion yuan, a 388% increase year-on-year [3] Inclusive and Cross-Border Finance - SPDB has optimized its "Hui Flash Loan" product and enhanced its risk control system, with inclusive finance loans reaching 480.733 billion yuan, a 3.22% increase from the previous year [4] - The bank's cross-border financing balance was approximately 255.373 billion yuan, a 13% increase from the previous year, with active cross-border corporate clients exceeding 18,500 [4] Commitment to National Policies - SPDB is aligning its operations with national policy directions, increasing resource allocation to key sectors, and innovating financial products to support industrial transformation [6] - The bank's corporate loan balance (excluding discounts) reached 3.309622 trillion yuan, an 8.03% increase from the previous year, with loans in the Yangtze River Delta region growing by 5% [6] - In green finance, SPDB has launched low-carbon transition loans and achieved a green credit balance of 626.482 billion yuan, a 9.78% increase, positioning itself among the leaders in the sector [6]