SPD BANK(SH:600000) Cai Jing Wang·2025-08-06 12:58Core Insights - The core viewpoint of the article is that Shanghai Pudong Development Bank (SPDB) reported a positive financial performance for the first half of 2025, with increases in revenue, net profit, and asset growth, alongside improvements in loan quality metrics [1] Financial Performance - The bank achieved an operating income of 90.559 billion yuan, an increase of 2.62% year-on-year [1] - The net profit attributable to shareholders reached 29.737 billion yuan, reflecting a year-on-year growth of 10.19% [1] - The net profit excluding non-recurring items was 29.984 billion yuan, up 11.86% compared to the previous year [1] Asset and Liability Overview - As of the end of the first half, total assets amounted to 9.65 trillion yuan, a year-on-year increase of 1.94% [1] - Total loans reached 5.63 trillion yuan, growing by 4.51% from the end of the previous year [1] - Total liabilities were 8.84 trillion yuan, with a year-on-year increase of 1.46% [1] - Total deposits increased to 5.59 trillion yuan, reflecting an 8.71% growth [1] Loan Quality Metrics - The non-performing loan (NPL) balance was 73.672 billion yuan, which increased by 5.18 million yuan year-on-year but decreased by 6.08 million yuan from the previous quarter [1] - The NPL ratio stood at 1.31%, down 0.05 percentage points from the end of the previous year and down 0.02 percentage points from the previous quarter [1] - The provision coverage ratio improved to 193.97%, up 7.01 percentage points year-on-year and up 6.98 percentage points from the previous quarter, indicating enhanced risk mitigation capacity [1]