Shanghai Pudong Development Bank Co., Ltd. (SHA: 600000)

Shanghai Pudong Development Bank Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	289,005	297,598	299,520	300,693	294,985	297,767
Interest Paid on Deposits	174,896	179,163	165,851	164,735	156,404	153,244
Net Interest Income	114,109	118,435	133,669	135,958	138,581	144,523
Net Interest Income Growth (YoY)	-6.94%	-11.40%	-1.68%	-1.89%	-4.11%	29.22%
Gain (Loss) on Sale of Assets	36	72	84	26	-8	1,470
Gain (Loss) on Sale of Investments	6,297	6,297	3,576	1,752	1,937	-144
Gain (Loss) on Sale of Equity Investments	176	223	230	223	146	171
Other Non-Interest Income	48,744	47,670	50,412	52,167	55,008	44,183
Total Non-Interest Income	55,253	54,262	54,302	54,168	57,083	45,680
Non-Interest Income Growth (YoY)	1.41%	-0.07%	0.25%	-5.11%	24.96%	-21.92%
Revenues Before Loan Losses	169,362	172,697	187,971	190,126	195,664	190,203
Provision for Loan Losses	69,738	76,754	75,952	78,331	79,547	74,708
Revenue	99,624	95,943	112,019	111,795	116,117	115,495
Revenue Growth (YoY)	1.80%	-14.35%	0.20%	-3.72%	0.54%	5.06%
Selling, General & Administrative	50,757	51,424	52,607	49,978	46,702	43,052
Other Non-Interest Expense	4,645	4,520	3,790	3,468	3,399	3,064
Total Non-Interest Expense	55,382	55,944	56,397	53,446	50,101	46,116
EBT Excluding Unusual Items	44,242	39,999	55,622	58,349	66,016	69,379
Other Unusual Items	2,083	693	527	722	666	438
Pretax Income	46,325	40,692	56,149	59,071	66,682	69,817
Income Tax Expense	1,801	3,263	4,152	5,305	7,689	10,311
Earnings From Continuing Operations	44,524	37,429	51,997	53,766	58,993	59,506
Minority Interest in Earnings	-585	-727	-826	-763	-668	-595
Net Income	43,939	36,702	51,171	53,003	58,325	58,911
Preferred Dividends & Other Adjustments	5,353	5,353	5,353	5,353	3,081	1,725
Net Income to Common	38,586	31,349	45,818	47,650	55,244	57,186
Net Income Growth	13.55%	-28.28%	-3.46%	-9.12%	-0.99%	5.36%
Basic Shares Outstanding	28,878	29,352	29,352	29,352	29,352	29,352
Diluted Shares Outstanding	33,090	33,039	32,931	32,812	32,674	29,906
Shares Change (YoY)	-0.45%	0.33%	0.36%	0.42%	9.26%	1.89%
EPS (Basic)	1.34	1.07	1.56	1.62	1.88	1.95
EPS (Diluted)	1.21	0.99	1.44	1.50	1.73	1.92
EPS Growth	15.68%	-30.75%	-4.00%	-13.68%	-9.76%	4.02%
Dividend Per Share	0.321	0.321	0.320	0.410	0.480	0.600
Dividend Growth	0.31%	0.31%	-21.95%	-14.58%	-20.00%	71.43%
Effective Tax Rate	3.89%	8.02%	7.39%	8.98%	11.53%	14.77%

Source: S&P Capital IQ. Banks template. Financial Sources.