The first quarter report of 2024 issued by Shanghai Pudong Development Bank on April 29 shows that in the face of complex and severe internal and external environment, after the "100 day hard work" at the end of last year and the "spring hard work" at the beginning of this year, Shanghai Pudong Development Bank will consolidate the momentum and achieve a good start in the first quarter of this year on the basis of stable and good business development in the fourth quarter of 2023.

According to the data, in the first quarter of 2024, Pudong Development Bank realized an operating revenue (group caliber) of 45.328 billion yuan and a net profit attributable to shareholders of the parent company of 17.421 billion yuan, up 10.04% year on year.

Shanghai Pudong Development Bank said that in the first quarter, guided by the "digital intelligence strategy", it focused on "five major articles", "five center construction" and "five major tracks" in Shanghai. Centering on the main business line of "building the track, strengthening the foundation, improving quality, strengthening the team, and increasing efficiency", it actively served the real economy, strengthened transformation and development, optimized the business structure, and consolidated the customer base.

　　 The first quarter started well

In the first quarter of 2024, Shanghai Pudong Development Bank took the initiative to seize the market opportunity, realized the connotative and intensive growth of assets and liabilities, effectively controlled the interest payment rate, and promoted the growth of net profit in the first quarter by increasing efficient financial supply, increasing credit supply, strengthening the integrated management of liabilities, and formulating effective investment strategies.

By the end of the first quarter, the total assets of SPDB had reached 9.05 trillion yuan, and the total corporate loans (excluding bill discount) had reached 3.03 trillion yuan, an increase of 188.605 billion yuan or 6.64% over the end of the previous year. The incremental growth rate of corporate loans ranks among the stock banks.

In terms of asset quality, SPDB insisted on reducing non-performing loans, strictly controlling risk costs and controlling the quality of investment. In the first quarter of 2024, the non-performing loan ratio was 1.45%, down 0.03 percentage points from the end of the previous year, and the provision coverage rate was 172.84%.

　　 The advantages of the "five tracks" are highlighted

Shanghai Pudong Development Bank firmly adheres to the transformation of "digital and intelligent strategy", and makes full efforts in the five major tracks of "science and technology finance, supply chain finance, inclusive finance, cross-border finance, and financial finance".

In terms of science and technology finance, through the development of science and technology finance business enabled by digital intelligence, Pudong Development Bank has built a "Puke 5+7+X" product system with four characteristics of "full cycle, multi financing, digital intelligence and customization", and launched online financing products such as "Puchuangdai" and "Puxindai", which has become a strong backing for the whole process innovation of science and technology enterprises. As of the end of the reporting period, SPDB had served more than 60000 technology-based enterprises, and the balance of technology finance loans exceeded 530 billion yuan.

In terms of supply chain finance, Shanghai Pudong Development Bank has built a digital and intelligent supply chain financial business system of "1 brand+1 platform+X innovative products" with full scene, full line, full intelligence and full ecology. The newly launched flagship product, "Puliantong", has broken through the blockages in the supply chain. By the end of the first quarter, it had provided financing services to 282 suppliers. As of the end of the reporting period, SPDB has served 2023 core customers of the supply chain and 22200 upstream and downstream supply chain customers.

In terms of inclusive finance, SPDB has created a new inclusive finance model of "light access+fast replication+full coverage", and launched a series of "preferential" product systems: preferential mortgage loan, preferential flash loan, preferential chain loan, and preferential guarantee loan to facilitate personal loans; For small and micro enterprises, SPDB reconstructs the inclusive financial ecology from three aspects: digital products, digital ecology, and digital infrastructure to realize the whole process integrated service. As of the end of the reporting period, the balance of inclusive and inclusive loans was RMB 439.9 billion, an increase of RMB 17.5 billion over the end of the previous year.

In terms of cross-border finance, SPDB launched the "6+X" cross-border financial service system, relying on the advantages of scenario based and comprehensive financial services such as corporate business, financial market, treasury management, cross-border custody, etc., to escort Chinese enterprises to "go global" and overseas enterprises to "bring in". As of the end of the reporting period, SPDB had 27000 cross-border active customers, 129 CIPS foreign capital and overseas inter-bank participation customers, keeping the lead of joint-stock banks. In the first quarter of 2024, Shanghai Pudong Development Bank handled 1.2 trillion yuan of cross-border business, the number of agency settlement business increased by 42% year on year, and the settlement amount increased by 105% year on year.

In terms of finance, SPDB accelerated the construction of platform operation base, customer operation and service system, product service system, data operation management system, intelligent operation system and risk management system, and improved the energy efficiency of online and offline finance services. As of the end of the reporting period, there were 160 million individual customers (including credit cards), AUM's balance of personal financial assets (including market value) was 3.76 trillion yuan, and the balance of personal deposits was 1.44 trillion yuan.

　 Actively contribute to national and regional strategies

In the first quarter of 2024, Shanghai Pudong Development Bank will further consolidate the advantages and characteristics of the regional integrated development of the Yangtze River Delta, and continue to increase support for emerging industries such as integrated circuits, biomedicine, aerospace, high-end equipment, as well as inclusive microenterprises, scientific and technological innovation, green finance and other fields. As of the end of the reporting period, the loan balance in the Yangtze River Delta region was 1.74 trillion yuan, and the deposit balance was 2.16 trillion yuan, which continued to rank first among the stock banks.

In the Beijing Tianjin Hebei region, Shanghai Pudong Development Bank strongly supports the construction of Xiong'an New Area and the economic circle around the capital, closely connecting the construction of national parks for non capital function relief, industrial transformation and upgrading, and batch transfer of regional industries. As of the end of the reporting period, the loan balance in Beijing Tianjin Hebei region was 481.458 billion yuan.

In the Guangdong Hong Kong Macao Greater Bay Area, SPDB focuses on supporting the development of advanced manufacturing, emerging industries and modern service industries, focusing on major platform construction, scientific and technological innovation cooperation, infrastructure connectivity, industrial coordinated development, people's livelihood exchanges and cooperation. As of the end of the reporting period, the loan balance in Guangdong, Hong Kong and Macao was 671.806 billion yuan.

　　 Fully support the construction of "five centers" in Shanghai

As a financial flagship enterprise headquartered in Shanghai, Shanghai Pudong Development Bank fully supports the construction of "five centers", namely, Shanghai International Economic Center, Financial Center, Trade Center, Shipping Center and Science and Technology Innovation Center. With financial services for the real economy as the focus, starting from Shanghai's development plan and major industrial layout, it fully explores business development opportunities. Create a unique customer group business advantage, and help the construction of Shanghai's "four functions". As of the end of the reporting period, the loan balance of Shanghai Branch of Shanghai Pudong Development Bank was 649.398 billion yuan, ranking first among joint-stock banks.

Shanghai Pudong Development Bank said that it will firmly grasp the key year of 2024, strengthen confidence, carry forward genetic advantages, regional advantages, efficiency advantages, mechanism advantages and professional advantages, and accumulate new impetus for development with characteristics and advantages; Respond to the trend, grasp the digital wave, make good use of data, a new production factor, look ahead to layout, accurately break the situation, and gain insight and judgment to identify the new direction of development; Take advantage of the momentum, play a good first hand at the important node of the transformation of "digital intelligence strategy", stay in the "coordinate system" of world-class enterprises, and strive to make new contributions to building a financial power based on a new starting point with perseverance and dedication.

　　 Source: Shanghai Pudong Development Bank

Editor Liu Juan

Second instance Li Jie

Third instance Pang Bo