SPD BANK(SH:600000) Jing Ji Guan Cha Bao·2025-11-03 13:51Core Viewpoint - Shanghai Pudong Development Bank (SPDB) demonstrated strong operational growth and improved asset quality in the first three quarters of 2025, driven by its "digital intelligence" strategy and a focus on enhancing financial support for the real economy [1][2]. Financial Performance - For the first three quarters, SPDB achieved operating income of 132.28 billion yuan, a year-on-year increase of 1.88% - The net profit attributable to shareholders reached 38.82 billion yuan, reflecting a year-on-year growth of 10.21% [1]. - As of the end of September, total assets amounted to 9,892.21 billion yuan, up 4.55% from the end of the previous year [2]. Asset Quality and Risk Management - SPDB's non-performing loan (NPL) balance and NPL ratio both decreased, with the NPL ratio at 1.29%, down 0.07 percentage points from the end of the previous year - The provision coverage ratio improved to 198.04%, an increase of 11.08 percentage points, enhancing the bank's risk mitigation capabilities [2]. Strategic Initiatives - The bank focused on key sectors and regions, enhancing its digital and scenario-based development capabilities, and deepening the integration of technology with financial services [3]. - In the technology finance sector, SPDB established a comprehensive "Group Innovation" ecosystem, serving over 250,000 technology enterprises with a loan balance exceeding 1 trillion yuan [3]. Supply Chain and Inclusive Finance - SPDB served 32,708 supply chain clients, a growth of 72.91% year-on-year, with online supply chain business volume reaching 574.86 billion yuan, up 267.65% [4]. - The "Puhui Loan" product system was developed to meet the diverse financing needs of small and micro enterprises, with a balance of 127.8 billion yuan, growing over 130% from the end of the previous year [4]. Cross-Border and Wealth Management - Cross-border transaction settlement volume increased by 47%, with cross-border loans growing by 23% [5]. - Personal financial assets under management reached 4.62 trillion yuan, a year-on-year increase of 19.07%, indicating strong growth in wealth management services [5]. Future Outlook - SPDB plans to continue aligning with national strategic deployments, enhancing financial service quality, and supporting high-quality development through digital transformation and risk management [6].