SPD BANK(SH:600000) Chang Jiang Shang Bao·2026-01-15 00:05Core Viewpoint - The performance report of Shanghai Pudong Development Bank (SPDB) for 2025 shows a significant recovery in both revenue and net profit, marking a turnaround after four consecutive years of decline [1][2][3]. Financial Performance - SPDB reported an operating income of 173.964 billion yuan, an increase of 3.216 billion yuan, representing a year-on-year growth of 1.88% [2][3]. - The net profit attributable to shareholders exceeded 50 billion yuan for the first time in two years, reaching 50.017 billion yuan, with a year-on-year increase of 10.52% [1][2]. - The bank's basic earnings per share reached 1.52 yuan, up 11.76% year-on-year, and the weighted average return on equity improved by 0.48 percentage points to 6.76% [2][4]. Asset Quality - SPDB's non-performing loan (NPL) balance was 71.990 billion yuan, a decrease of 1.164 billion yuan from the previous year, with the NPL ratio dropping to 1.26%, down 0.1 percentage points [1][6][7]. - The bank's provision coverage ratio reached 200.72%, an increase of 13.76 percentage points, enhancing its risk buffer [7]. Strategic Initiatives - The bank is advancing its "digital intelligence" strategy, focusing on five key areas: technology finance, supply chain finance, inclusive finance, cross-border finance, and treasury finance [4]. - SPDB has established 510 technology branches and launched an artificial intelligence implementation action plan, enhancing its operational efficiency [4][8]. - The bank completed the restructuring of 12 independent rural banks into branches, improving risk management and resource integration [8]. Milestones - SPDB has entered the "10 trillion yuan club," with total assets reaching 1.008 trillion yuan, making it the ninth bank and the third joint-stock bank to achieve this milestone [5][6].