SPD BANK(SH:600000) Sou Hu Cai Jing·2025-08-30 18:22Core Viewpoint - As of August 29, 2025, Shanghai Pudong Development Bank (SPDB) reported a closing price of 13.63 yuan, down 2.22% from the previous week, with a total market capitalization of 415.674 billion yuan, ranking 4th among joint-stock banks and 33rd among A-shares [1] Shareholder Changes - As of June 30, 2025, the number of shareholders of SPDB was 116,100, a decrease of 8,319 shareholders or 6.69% from March 31, 2025. The average number of shares held per shareholder increased from 235,900 to 260,700, with an average market value of 3.6179 million yuan per shareholder [2] Performance Disclosure Highlights - In the first half of 2025, SPDB achieved operating income of 90.559 billion yuan, a year-on-year increase of 2.62%. The net profit attributable to shareholders was 29.737 billion yuan, up 10.19% year-on-year, while the non-recurring net profit was 29.984 billion yuan, reflecting an 11.86% increase. In Q2 alone, the net profit attributable to shareholders was 12.139 billion yuan, a 26.88% year-on-year growth. The asset quality improved, with a non-performing loan ratio of 1.31%, down 0.05 percentage points from the same period last year. The cost-to-income ratio decreased to 25.07%, and the net interest margin was 1.41% [3] Company Announcements Summary - On August 26, 2025, SPDB held its eighth board meeting, where the 2025 semi-annual report and related proposals were approved by all directors. The report was unaudited but reviewed by KPMG Huazhen. No profit distribution or capital reserve transfer to increase share capital was planned. The company proposed a comprehensive credit limit of 35 billion yuan for the related party Shanghai International Group Co., Ltd., accounting for 4.75% of the latest audited net assets, which is a significant related party transaction. As of the reporting period, SPDB's convertible bonds had a total of 912,418,786 shares converted, with an unconverted balance of 38.211 billion yuan, representing 76.4228% of the total issuance. Among the top ten ordinary shareholders, Cinda Investment Co., Ltd. increased its holdings by 918 million shares, reaching a holding ratio of 3.03%, while China Mobile Communications Group Guangdong Co., Ltd. was the largest holder of convertible bonds, with a holding ratio of 23.78% [4]