Shanghai Pudong Development Bank (600000) investor relations material

Executive summary

• Achieved steady growth in assets and liabilities, with total assets reaching RMB 10.41 trillion, up 3.21% from year-end 2025, and improved profitability and stable asset quality in H1 2026.

• Net profit attributable to shareholders was RMB 30.95 billion, up 4.08% year-over-year for H1 2026.

• Focused on digital and intelligent transformation, optimizing business structure, and enhancing group synergy.

• Group synergy improved, with major subsidiaries contributing up to RMB 29.63 billion in net profit, up 41.11% year-over-year.

Financial highlights

• Operating income rose 3.55% year-over-year to RMB 93.78 billion; net profit attributable to shareholders was RMB 30.95 billion, up 4.08%.

• Net interest income increased 10.85% year-over-year to RMB 64.63 billion; net interest margin rose to 1.43%.

• Cost-to-income ratio improved to 22.52%, down 2.55 percentage points year-over-year.

• Non-interest net income was RMB 29.15 billion, down 9.63% year-over-year.

• Operating cash flow surged to RMB 404.3 billion, up 1,801.98% year-over-year.

Outlook and guidance

• Continued focus on digital transformation, risk management, and supporting the real economy.

• Plans to deepen presence in key regions and sectors, enhance product innovation, and strengthen risk controls.

• Will maintain prudent asset-liability management and capital allocation, aiming for balanced growth and improved profitability.