Firmly promoting strategic execution, Shanghai Pudong Development Bank releases the 2023 semi annual report on actively serving the real economy | balance | economy

Release time:Apr 16, 2024 00:28 AM

On August 30th, the 2023 semi annual report released by Pudong Development Bank showed that in the first half of the year, facing a complex and severe situation, Pudong Development Bank fully implemented the spirit of the 20th National Congress of the Communist Party of China, conscientiously implemented the decisions, deployments, and regulatory requirements of the Party Central Committee, the State Council, and the Shanghai Municipal Party Committee and Government, focused on the "14th Five Year Plan" strategic plan, continued to promote the three major transformations of lightness, "dual carbon", and digitization, closely focused on the business mainline of "firm persistence, solid foundation, transformation mode, and integrated operation", adhered to long-term principles, maintained strategic determination, deepened transformation and development, deeply adjusted business structure, served the real economy effectively, continuously strengthened asset quality, and achieved "double reductions" in non-performing loan balances and non-performing loan ratios compared to the beginning of the year, and high-quality development. The foundation is steadily consolidating.

Steady growth in business scale, actively serving national strategy

In the first half of the year, Shanghai Pudong Development Bank actively served the real economy and promoted transformation and development, achieving a revenue of 91.23 billion yuan and a net profit attributable to the shareholders of the parent company of 23.138 billion yuan; The non-performing loan ratio was 1.49%, a decrease of 0.03 percentage points from the end of the previous year; The provision coverage rate is 170.45%, an increase of 11.41 percentage points from the end of the previous year.

As of the end of the reporting period, the total assets of Shanghai Pudong Development Bank were 8932.519 billion yuan, an increase of 227.868 billion yuan or 2.62% compared to the end of the previous year; Among them, the total loan amount was 4977.453 billion yuan, an increase of 76.791 billion yuan or 1.57% compared to the end of the previous year. The total liabilities at the end of the reporting period were 8211.439 billion yuan, an increase of 213.563 billion yuan or 2.67% compared to the end of the previous year; Among them, the total deposit amount was 5001.799 billion yuan, an increase of 175.321 billion yuan or 3.63% compared to the end of the previous year.

Pudong Development Bank leverages its home advantage in the Yangtze River Delta and actively serves national strategies. As of the end of the reporting period, we have served 428000 enterprise customers and over 57 million retail customers in the Yangtze River Delta region; In the Yangtze River Delta region, the loan balance is 1.62 trillion yuan, the deposit balance is 2.18 trillion yuan, and the deposit and loan balance ranks first among joint-stock peers. At the same time, Pudong Development Bank has summarized its experience in serving the Yangtze River Delta region, replicated and upgraded its model, and better served the development strategies of major national regions such as the Beijing Tianjin Hebei region and the Guangdong Hong Kong Macao Greater Bay Area.

In terms of free trade finance, Pudong Development Bank is based on the three major free trade linkage platforms in Shanghai, Shenzhen, and Hainan, and undertakes the cross-border free trade financial service needs of high-quality customers nationwide. The core indicators of FT's free trade business have always maintained the leading advantage of joint-stock banks. As of the end of the reporting period, the scale of FT deposits and loans reached RMB 70 billion and RMB 65 billion respectively.

Focusing on promoting lightweight transformation and serving the real economy

In the first half of the year, Shanghai Pudong Development Bank focused on strengthening its characteristic businesses and products such as investment banking, wealth management, trading banking, wealth management, and asset custody.

In terms of wealth management, Pudong Development Bank has deeply implemented a refined, professional, and differentiated customer service system to meet the personalized and comprehensive financial service needs of customers. As of the end of the reporting period, there were 151 million individual customers and AUM's personal financial asset balance was 3.81 trillion yuan. The personal deposit balance reached 1376.04 billion yuan, an increase of 66.884 billion yuan from the beginning of the year.

In terms of credit cards, Shanghai Pudong Development Bank insists on empowering development with technology, actively serving people's consumption, and fully leveraging the promoting role of credit cards in linking consumption scenarios, users, and financial services. As of the end of the reporting period, there were 49.8159 million circulating credit cards and a credit card loan balance of 408.621 billion yuan. The monthly active users of the Puda Xiben APP reached 26.02 million, an increase of 3.75% compared to the end of the previous year.

In terms of investment banking business, Shanghai Pudong Development Bank underwrites 808 types of bonds with a total underwriting amount of 343.983 billion yuan. At the same time, actively supporting corporate clients in issuing science and technology innovation bills, underwriting 14 science and technology innovation bills during the reporting period. In terms of mixed ownership reform of state-owned assets and enterprises, industrial mergers and acquisitions, cross-border mergers and acquisitions, green industry integration, and real estate mergers and acquisitions, Pudong Development Bank has formed its characteristics and advantages. In the first half of the year, it issued a new M&A loan of 22.8 billion yuan, with a balance of M&A loans of 179.8 billion yuan.

In terms of trading banks, Pudong Development Bank's "Clearing Pass" product business volume has exceeded 250 billion yuan, and it has launched the first batch of clearing pass digital RMB clearing and settlement services in the industry. The core customers of the supply chain have reached 1523, and the upstream and downstream supply chain customers have reached 18559. Newly launched "B-end Scenario Service Matrix" to enhance enterprise customer service capabilities.

In terms of science and technology innovation finance, Shanghai Pudong Development Bank continues to establish a market reputation of "seeking Shanghai Pudong Development Bank for science and technology innovation listing". As of the end of the reporting period, we have served nearly 58000 science and technology innovation enterprises, with a loan balance of over 510 billion yuan, an increase of about 30% compared to the beginning of the year, providing services to over 70% of listed companies on the science and technology innovation board.

In terms of asset custody, Shanghai Pudong Development Bank has focused on digital operations, achieved breakthroughs in multiple key businesses, and steadily increased its comprehensive contribution. As of the end of the reporting period, the scale of asset custody was RMB 16.15 trillion, maintaining industry leadership.

Efforts will be made to promote the "dual carbon" transformation, strengthen and optimize the "Pudong Development Green Innovation"

In the first half of the year, Pudong Development Bank continued to innovate green finance products and business models, build a green finance service system, consolidate its competitive advantage in the field of green finance, and strengthen and optimize the "Pudong Development Green Innovation" brand.

As of the end of the reporting period, the green credit balance of Shanghai Pudong Development Bank was 502.093 billion yuan, an increase of 17.56% compared to the beginning of the year, ranking among the top in the joint-stock industry. Since obtaining the carbon reduction support tool, a total of 36.169 billion yuan has been granted in carbon reduction loans to 227 projects, resulting in an annual carbon reduction of 8.7596 million tons of carbon dioxide equivalent.

In the first half of the year, Shanghai Pudong Development Bank also underwritten a total of 12 green debt financing instruments, with a total underwriting amount of 2.478 billion yuan, of which the green ABN underwriting scale was 1.528 billion yuan.

In addition, Pudong Development Bank issued the first phase of green finance bonds for 2023 in the first half of the year, with a scale of 30 billion yuan, and received nearly 2.28 times oversubscription. The theme of this issue of green finance bonds is to serve the "dual carbon" goals and actively mitigate climate change. The raised funds are intended to be used for green industry projects related to reducing carbon emissions and mitigating climate change, such as clean energy power generation, efficient energy storage stations, pumped storage power stations, and rail transit engineering.

Focus on promoting digital transformation and empowering user development

In the first half of the year, Shanghai Pudong Development Bank continued to promote digital transformation, building a "panoramic banking" model that integrates financial services into scenarios, efficiently meets customer needs, and is online in all time and space.

In terms of retail intelligence, the mobile banking app builds a data-driven online wealth service matrix and upgrades investment companion services; Deepen the construction of a hierarchical classification service system and improve online precision service capabilities. In the first half of the year, the number of personal mobile banking transactions was 165 million, and the number of personal mobile banking MAUs reached 26.36 million, an increase of 3.98% compared to the beginning of the year. "Digital wealth management specialists" strengthen scene construction, promote the "AI+human" service model, and become an important bridge for online and offline integration. As of the end of the reporting period, the cumulative service has exceeded 9 million people, an increase of 230% compared to the same period last year. The remote banking outbound call intelligent management platform achieved 647000 outbound calls and sold a total of 10.28 billion yuan of wealth products to customers.

In terms of industrial digital finance, we will create an industrial digital platform, build an enterprise service cloud platform portal, and support the company's SaaS based business operations. Optimize the unified payment platform and explore scenarios such as commercial vehicle sales and second-hand car auctions. Build an automotive direct customer service system to assist in the development of automotive consumer finance direct customer service models. Expand the "thousands of households" API links, with a focus on creating ecological scenarios such as fund supervision, logistics full chain, and automotive finance. Add 2.0393 million active customers and 418 new API projects.

In terms of digital risk control, we will promote the iterative upgrading of the digital risk control system with the Tianyan system as the core, create a digital risk control center supported by customer risk warning system, off-site monitoring system, and risk monitoring model system, and continuously improve the digital and intelligent capabilities of customer risk profiles, customer risk digital identification and warning capabilities, and digital risk control capabilities of business processes.

In terms of data asset management, we will continue to increase the value of big data. Gradually releasing the value of data assets and empowering 322 service-oriented data assets internally.

The next step for Shanghai Pudong Development Bank is to continue to balance transformation and development, and promote the stabilization and recovery of business performance. At the same time, Shanghai Pudong Development Bank will continue to strengthen its long-term belief, strengthen its confidence in development, maintain strategic determination, persist in doing difficult and correct things, and accelerate the opening of new spaces for transformation and development with a tenacious attitude and firm and effective implementation.

【 Quick News 】 SAIC Releases Half Year Report with Double Growth in Revenue and Net Profit

SAIC Group released its 2023 semi annual report today. In the first half of this year, the company achieved wholesale sales of 2.072 million vehicles and terminal retail sales of 2.237 million vehicles, continuing to maintain its leading position in the domestic industry, and monthly sales continued to grow month on month. Sales in the second quarter increased by 32.5% compared to the first quarter, outperforming the overall market growth rate. In the first half of the year, SAIC's overseas sales reached 533000 vehicles, continuing to lead the industry; The sales of new energy vehicles reached 372000 units, ranking second among Chinese car companies and maintaining a "month on month continuous increase" since January. During the reporting period, the company achieved a combined total operating revenue of 326.55 billion yuan, a year-on-year increase of 3.34%, and a net profit attributable to shareholders of the listed company of 7.09 billion yuan, a year-on-year increase of 2.54%, by optimizing its structure, reducing costs and increasing efficiency.

SAIC Maxus, in collaboration with the Wuxi government, provides subsidies for purchasing "StarCraft" pickup trucks to benefit the public

"The golden mountain is slowly flowing, and the tin water is devoid of vegetation and spring". The scenery of the Taihu Lake Lake is picturesque, and the scenery of lakes and mountains is intoxicating. Wuxi, known as the "Pearl of the Taihu Lake Lake", is not only home to many famous literati, but also an important economic center in eastern China, with developed industry and commerce. Since the lifting of the local pickup truck ban last year and the official implementation of the Wuxi Service Integration into the Shanghai Metropolitan Area Action Plan this year, the Wuxi pickup truck market has ushered in new opportunities for development. Diversified lifestyles such as mountain running, fishing, skiing, and camping have emerged, injecting fresh vitality into the local pickup truck life. On August 12th, the StarCraft pickup truck was heavily launched in Wuxi, shining in the East China region with its hardcore quality. At the delivery ceremony, the first batch of interstellar pickup truck owners also officially picked up their beloved cars, taking the lead in embarking on a "interstellar" journey. On site by SAIC Maxus MA

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