SPD BANK(SH:600000) Xin Lang Cai Jing·2025-09-08 11:02Core Viewpoint - Shanghai Pudong Development Bank (SPDB) has demonstrated solid performance in the first half of 2025, focusing on serving the real economy and maintaining a stable growth trajectory, with significant increases in various operational indicators [1][2]. Group 1: Financial Performance - As of the end of June, SPDB's total assets and loans have shown a robust increase, with new loans exceeding 65% of the total loan growth from the previous year [1]. - The bank achieved an operating income of 90.559 billion yuan, reflecting a year-on-year growth of 2.62% [2]. - The net profit attributable to shareholders reached 29.737 billion yuan, indicating a positive trend in the bank's financial health [2]. Group 2: Loan Growth and Strategy - The bank's loan growth is heavily concentrated in the "Five Major Tracks," which accounted for 70% of the new loans, with a significant focus on the Yangtze River Delta region, where loan increments surpassed 50% [1][2]. - SPDB has strategically focused on technology finance, supply chain finance, inclusive finance, cross-border finance, and treasury finance to enhance its differentiated and specialized capabilities [2]. - The total loan amount in the Yangtze River Delta region approached 2 trillion yuan, representing 35% of the bank's total loans, while deposits exceeded 2.5 trillion yuan, marking a nearly 10% increase from the previous year [2]. Group 3: Future Outlook - The bank plans to continue leveraging its strengths in the Shanghai region and align with the city's development goals, particularly in the construction of the "Five Centers" [2]. - SPDB's management believes that the continuous improvement in fundamentals validates the correctness of its strategic path and the sustainability of its development model [2].