SPD BANK(SH:600000) 第一财经网·2025-10-31 09:32Core Insights - The core viewpoint of the article emphasizes that Shanghai Pudong Development Bank (SPDB) has demonstrated strong resilience and responsibility in serving the real economy while achieving steady growth in operating performance, with both revenue and net profit increasing year-on-year in the first three quarters of 2025 [1][2]. Financial Performance - For the first three quarters of 2025, SPDB reported operating income of 132.28 billion yuan, a year-on-year increase of 1.88%, and a net profit attributable to shareholders of 38.82 billion yuan, up 10.21% year-on-year, with profit growth accelerating compared to the first half of the year [2]. - The cost-to-income ratio was maintained at 27.53%, and the decline in net interest margin has significantly narrowed, indicating a stable foundation for profit growth [2]. - As of the end of Q3, the total assets of the group reached 9.89 trillion yuan, a 4.55% increase from the end of the previous year, with total loans (including discounted bills) amounting to 5.67 trillion yuan, up 5.20% [2]. Risk Management and Asset Quality - SPDB's improvement in profitability is driven by both the enhancement of interest margin structure and the optimization of income structure. The bank has effectively managed its liabilities, resulting in a year-on-year decrease of 38 basis points in the deposit interest rate [3]. - As of the end of Q3, the non-performing loan balance was 72.89 billion yuan, a decrease of 0.265 billion yuan from the end of the previous year, with the non-performing loan ratio dropping to 1.29% [3]. - The provision coverage ratio improved to 198.04%, marking the best level in nearly a decade, reinforcing the bank's sustainable development foundation [3]. Strategic Focus and Development - SPDB is focusing on key strategic areas such as technology finance, supply chain finance, and green finance, with over 70% of new loans allocated to these sectors [5]. - The bank has established a comprehensive technology finance ecosystem, serving over 250,000 technology enterprises, with technology finance loans exceeding 1 trillion yuan [5][6]. - The supply chain finance sector has seen rapid growth, with online supply chain business volume reaching 574.86 billion yuan, a year-on-year increase of 267.65% [6]. Service Enhancement and Social Responsibility - SPDB is committed to enhancing service capabilities and fulfilling its social responsibilities, integrating its development into the national development framework [8]. - The bank's regional strategy has shown effectiveness, with loans in the Yangtze River Delta region exceeding 2 trillion yuan, accounting for about 58% of the company's loan growth [8]. - SPDB aims to deepen financial supply-side structural reforms and enhance service capabilities, aligning with national planning and contributing to the construction of a financial power [9].