Shanghai Pudong Development Bank (600000) H2 2025 earnings summary

Executive summary

• Audited consolidated financial statements for the year ended December 31, 2025, prepared under both PRC GAAP and IFRS, received unqualified opinions from KPMG.

• The bank reported robust growth in assets, profitability, and capital, with continued improvements in asset quality and risk management.

Financial highlights

• Total assets reached RMB 10,081.7 billion, up 6.6% year-over-year.

• Net profit attributable to shareholders was RMB 50,017 million, up 10.5% year-over-year.

• Operating income was RMB 173,964 million, up 1.9% year-over-year.

• Net interest income was RMB 120,483 million, up 5.0% year-over-year.

• Basic EPS was RMB 1.52, and diluted EPS was RMB 1.42.

• ROE was 6.76%, up 0.48 percentage points; ROA was 0.52%.

• Cost-to-income ratio improved to 28.5%.

• Non-performing loan (NPL) ratio declined to 1.26%; provision coverage ratio rose to 200.7%.

• Cash dividend payout: RMB 13,988 million, with a payout ratio over 30%.

Outlook and guidance

• Management expects continued focus on digital transformation, risk control, and capital optimization.

• The bank will maintain prudent risk management, enhance asset quality, and pursue sustainable growth.

• Strategic priorities include strengthening core business, digital innovation, and capital efficiency.