Announcement • Jun 05
Shanghai Pudong Development Bank Co., Ltd., Annual General Meeting, Jun 26, 2026 Shanghai Pudong Development Bank Co., Ltd., Annual General Meeting, Jun 26, 2026, at 09:30 China Standard Time. Location: No. 1688, Lianhua Road, Shanghai China Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.52 (vs CN¥0.57 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.52 (down from CN¥0.57 in 1Q 2025). Revenue: CN¥33.4b (up 2.6% from 1Q 2025). Net income: CN¥17.3b (down 1.7% from 1Q 2025). Profit margin: 52% (down from 54% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Announcement • Mar 30
Shanghai Pudong Development Bank Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shanghai Pudong Development Bank Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Shanghai Pudong Development Bank Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Shanghai Pudong Development Bank Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Major Estimate Revision • Dec 05
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥175.0b to CN¥172.5b. EPS estimate rose from CN¥1.36 to CN¥1.53. Net income forecast to grow 22% next year vs 11% growth forecast for Banks industry in China. Consensus price target broadly unchanged at CN¥13.86. Share price was steady at CN¥11.26 over the past week. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.23 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.30 (up from CN¥0.23 in 3Q 2024). Revenue: CN¥23.8b (up 19% from 3Q 2024). Net income: CN¥9.08b (up 10% from 3Q 2024). Profit margin: 38% (down from 41% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shanghai Pudong Development Bank Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shanghai Pudong Development Bank Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Buy Or Sell Opportunity • Aug 11
Now 20% undervalued Over the last 90 days, the stock has risen 16% to CN¥13.98. The fair value is estimated to be CN¥17.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 6.1%. Revenue is forecast to grow by 78% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Price Target Changed • Aug 08
Price target increased by 8.6% to CN¥13.06 Up from CN¥12.02, the current price target is an average from 9 analysts. New target price is 7.9% below last closing price of CN¥14.17. Stock is up 66% over the past year. The company is forecast to post earnings per share of CN¥1.61 for next year compared to CN¥1.36 last year. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: CN¥0.42 (vs CN¥0.36 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.42 (up from CN¥0.36 in 2Q 2024). Revenue: CN¥58.1b (up 151% from 2Q 2024). Net income: CN¥12.9b (up 25% from 2Q 2024). Profit margin: 22% (down from 45% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 22
Now 21% undervalued Over the last 90 days, the stock has risen 24% to CN¥13.23. The fair value is estimated to be CN¥16.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Earnings per share has declined by 10%. Revenue is forecast to grow by 78% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Declared Dividend • Jul 14
Dividend increased to CN¥0.41 Dividend of CN¥0.41 is 28% higher than last year. Ex-date: 16th July 2025 Payment date: 16th July 2025 Dividend yield will be 2.9%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is well covered by earnings (30% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Shanghai Pudong Development Bank Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shanghai Pudong Development Bank Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 06
Shanghai Pudong Development Bank Co., Ltd., Annual General Meeting, Jun 27, 2025 Shanghai Pudong Development Bank Co., Ltd., Annual General Meeting, Jun 27, 2025, at 09:30 China Standard Time. Location: No. 1688, Lianhua Road, Shanghai China Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.57 (vs CN¥0.57 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.57 (in line with 1Q 2024). Revenue: CN¥32.5b (flat on 1Q 2024). Net income: CN¥17.6b (up 5.4% from 1Q 2024). Profit margin: 54% (up from 52% in 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Mar 28
Shanghai Pudong Development Bank Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shanghai Pudong Development Bank Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Buy Or Sell Opportunity • Jan 27
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to CN¥10.65. The fair value is estimated to be CN¥8.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 4.0% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Announcement • Dec 27
Shanghai Pudong Development Bank Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Shanghai Pudong Development Bank Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥20.0b (up 6.3% from 3Q 2023). Net income: CN¥8.24b (up 70% from 3Q 2023). Profit margin: 41% (up from 26% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shanghai Pudong Development Bank Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shanghai Pudong Development Bank Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥9.84, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Banks industry in China. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.91 per share. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.32 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.33 (up from CN¥0.32 in 2Q 2023). Revenue: CN¥56.0b (up 173% from 2Q 2023). Net income: CN¥10.3b (up 28% from 2Q 2023). Profit margin: 18% (down from 39% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 13
Dividend increased to CN¥0.32 Dividend of CN¥0.32 is 0.3% higher than last year. Ex-date: 18th July 2024 Payment date: 18th July 2024 Dividend yield will be 3.6%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is well covered by earnings (29% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Shanghai Pudong Development Bank Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Shanghai Pudong Development Bank Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Price Target Changed • May 02
Price target increased by 10% to CN¥7.23 Up from CN¥6.57, the current price target is an average from 7 analysts. New target price is 6.1% below last closing price of CN¥7.70. Stock is up 0.3% over the past year. The company is forecast to post earnings per share of CN¥1.33 for next year compared to CN¥1.07 last year. Announcement • Mar 29
Shanghai Pudong Development Bank Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shanghai Pudong Development Bank Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 41% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (21% net profit margin). Price Target Changed • Jan 26
Price target decreased by 7.8% to CN¥6.53 Down from CN¥7.08, the current price target is an average from 8 analysts. New target price is 5.0% below last closing price of CN¥6.87. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of CN¥1.19 for next year compared to CN¥1.56 last year. Announcement • Dec 29
Shanghai Pudong Development Bank Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Shanghai Pudong Development Bank Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Price Target Changed • Dec 04
Price target decreased by 7.2% to CN¥7.20 Down from CN¥7.76, the current price target is an average from 7 analysts. New target price is 5.7% above last closing price of CN¥6.81. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of CN¥1.16 for next year compared to CN¥1.56 last year. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.30 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.30 in 3Q 2022). Revenue: CN¥18.9b (down 25% from 3Q 2022). Net income: CN¥4.85b (down 53% from 3Q 2022). Profit margin: 26% (down from 41% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥187.0b to CN¥179.4b. EPS estimate also fell from CN¥1.67 per share to CN¥1.43 per share. Net income forecast to grow 17% next year vs 20% growth forecast for Banks industry in China. Consensus price target broadly unchanged at CN¥7.90. Share price fell 2.2% to CN¥7.07 over the past week. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.39 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.39 in 2Q 2022). Revenue: CN¥59.5b (up 138% from 2Q 2022). Net income: CN¥8.03b (down 30% from 2Q 2022). Profit margin: 14% (down from 46% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year. Announcement • Jun 13
Radiation Technology, Inc. acquired Financial products of Shanghai Pudong Development Bank Co., Ltd. for CNY 5 million. Radiation Technology, Inc. acquired Financial products of Shanghai Pudong Development Bank Co., Ltd. for CNY 5 million on June 12, 2023.Radiation Technology, Inc. completed the acquisition of Financial products of Shanghai Pudong Development Bank Co., Ltd. for CNY 5 million on June 12, 2023. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.35 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.30 (down from CN¥0.35 in 3Q 2021). Revenue: CN¥25.2b (up 2.8% from 3Q 2021). Net income: CN¥10.3b (down 12% from 3Q 2021). Profit margin: 41% (down from 48% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.39 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.37 (down from CN¥0.39 in 2Q 2021). Revenue: CN¥63.5b (up 152% from 2Q 2021). Net income: CN¥11.5b (down 3.0% from 2Q 2021). Profit margin: 18% (down from 47% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 80%, compared to a 57% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.49 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥24.6b (down 20% from 3Q 2020). Net income: CN¥11.7b (down 26% from 3Q 2020). Profit margin: 48% (down from 52% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Price Target Changed • Sep 10
Price target decreased to CN¥10.66 Down from CN¥11.49, the current price target is an average from 10 analysts. New target price is 13% above last closing price of CN¥9.41. Stock is down 5.1% over the past year. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.40 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥25.4b (up 3.9% from 2Q 2020). Net income: CN¥11.9b (down 4.5% from 2Q 2020). Profit margin: 47% (down from 51% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥1.88 (vs CN¥1.95 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥116.1b (flat on FY 2019). Net income: CN¥55.2b (down 3.4% from FY 2019). Profit margin: 48% (down from 50% in FY 2019). Net interest margin (NIM): 2.02% (down from 2.34% in FY 2019). Cost-to-income ratio: 23.8% (up from 22.6% in FY 2019). Non-performing loans: 1.73% (down from 2.03% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Is New 90 Day High Low • Feb 18
New 90-day high: CN¥10.83 The company is up 12% from its price of CN¥9.67 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.33 per share. Is New 90 Day High Low • Feb 01
New 90-day high: CN¥10.44 The company is up 12% from its price of CN¥9.30 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.33 per share. Announcement • Dec 16
Shanghai Pudong Development Bank Develops Cutting-Edge Treasury Services in Hong Kong Shanghai Pudong Development Bank announced that it has successfully gone live with Finastra's cutting-edge treasury solution, Fusion Summit, in Hong Kong. With Fusion Summit's advanced features, SPD Bank will be able to develop a broader and more sophisticated set of treasury services, helping it to grow its business in region even faster. In recent years, SPD Bank has experienced steady growth in its treasury banking operations in Hong Kong. To facilitate further expansion in this line of business, SPD Bank's strategic plan sees it developing a new range of treasury services and strengthening risk management. Fusion Summit offers detailed reporting that helps SPD Bank to manage its treasury business in real time. The solution also facilitates simple integration with different systems, enabling the bank to increase its operational efficiency across multiple business lines. The solution offers improved Straight Through Processing (STP), which provides customers with increased convenience by increasing trade processing capacity and accelerating the speed of trading. As well as implementing Fusion Summit as a front-to-back solution to manage all treasury business, the bank is able to manage a wide range of sophisticated and interconnected asset classes effectively. This has allowed it to develop new treasury instruments, including repurchase agreements, callable and puttable bonds, bond forwards, interest rate derivatives and more. Is New 90 Day High Low • Dec 01
New 90-day high: CN¥10.30 The company is up 1.0% from its price of CN¥10.18 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.06 per share. Analyst Estimate Surprise Post Earnings • Nov 05
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 22%. Over the next year, revenue is forecast to grow 90%, compared to a 72% growth forecast for the Banks industry in China. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS CN¥0.49 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: CN¥30.5b (down 2.3% from 3Q 2019). Net income: CN¥15.8b (down 2.8% from 3Q 2019). Profit margin: 52% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥9.37 The company is down 10.0% from its price of CN¥10.36 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.55 per share. Announcement • Oct 14
Shanghai Pudong Development Bank Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Shanghai Pudong Development Bank Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Jul 10
Shanghai Pudong Development Bank Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Shanghai Pudong Development Bank Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 
