Bank Of Shanghai(SH:601229) Mei Ri Jing Ji Xin Wen·2025-12-29 22:52Core Viewpoint - Shanghai Bank's Shenzhen branch has received a court ruling requiring Shenzhen Shenye Logistics Group Co., Ltd. to repay significant loans totaling approximately 73.76 billion yuan, along with interest and penalties, marking a critical development in a long-standing debt recovery case [1][3][4]. Group 1: Loan Details - The Shenzhen branch provided loans of 15 billion yuan and 23 billion yuan to Shenye Logistics in September and October 2018, respectively, with due dates in September and October 2021 [3]. - An additional loan of 40 billion yuan was issued in December 2018, due by June 2022, bringing the total outstanding amount to 73.76 billion yuan as of the lawsuit date [3][4]. - The loans were secured by real estate collateral from both Shenye Logistics and Baoneng Real Estate, along with other guarantees [3]. Group 2: Legal Proceedings - The court ruling mandates Shenye Logistics to repay the principal amounts of 34.772 billion yuan and 38.99 billion yuan, along with accrued interest and overdue penalties, within ten days of the ruling's legal effect [1][4]. - The case has been ongoing for over a year since the lawsuit was filed in September 2021, with the loans classified as non-performing by Shanghai Bank at the end of 2021 [4]. Group 3: Company Background - Shanghai Bank was established on January 30, 1996, and was listed on the Shanghai Stock Exchange on November 16, 2016 [4]. - As of September 2025, the bank's total assets were approximately 3.31 trillion yuan, with customer loans around 1.44 trillion yuan and a non-performing loan ratio of 1.18% [4]. - The Baoneng Group, involved in the case, is facing liquidity issues and has been involved in multiple debt and litigation cases, with some assets undergoing disposal [7].