Bank Of Shanghai(SH:601229) Xin Lang Cai Jing·2025-12-12 10:02Summary of Key Points Core Viewpoint - Shanghai Bank disclosed the executive compensation for 2024, showing an overall increase in salaries for various high-level positions, including the president, vice presidents, and other executives [2][10]. Compensation Structure - The compensation for the president and vice presidents consists of "base salary + company contributions to social insurance and housing fund + long-term incentive income," while other roles like the chairman and secretary do not include long-term incentives [2][10]. Salary Increases - Notable salary increases include: - Vice President Hu Debin's base salary rose from 1.0808 million to 1.2224 million yuan, with long-term incentives increasing from 711,100 to 802,300 yuan [2][10]. - Secretary Li Xiaohong's base salary increased from 1.6993 million to 1.9275 million yuan [2][10]. - Business Director Zhu Shouyuan's base salary went from 1.8055 million to 2.0479 million yuan [2][10]. Highest Total Compensation - The highest total compensation in 2024 is for President and CFO Shi Hongmin, totaling 2.6298 million yuan, which includes a base salary of 1.4286 million yuan, contributions of 261,900 yuan, and long-term incentives of 939,300 yuan [3][12]. - Vice President Yu Minhua's total compensation is 2.4056 million yuan, while Hu Debin's is 2.2866 million yuan [3][12]. Comparison of Executives - Business Director Zhu Shouyuan has the highest base salary among business directors at 2.0479 million yuan, while his counterpart Wu Jun has a base salary of 1.5358 million yuan, reflecting a significant difference due to their respective tenures [4][12]. Former Executives' Compensation - Former Chairman Jin Yu's compensation for 2024 is 1.4483 million yuan, while former Vice President Wang Ming's total compensation is 2.2892 million yuan [5][13]. Employee Compensation - The average employee salary at Shanghai Bank for 2024 is approximately 326,300 yuan, with total employee salary expenses amounting to 4.8 billion yuan [6][14]. Financial Performance - As of September 2025, Shanghai Bank's total assets reached 3.31 trillion yuan, a 2.52% increase from the previous year, with a net profit of 18.075 billion yuan, reflecting a 2.77% year-on-year growth [6][15]. Asset Quality - The non-performing loan ratio stands at 1.18%, unchanged from the previous year, while the provision coverage ratio is 254.92%, down by 14.89 percentage points [7][15].