Shanghai Pudong Development Bank stock reports 4.08 percent H1 profit growth

Shanghai Pudong Development Bank stock (ISIN CNE0000011B7) reported first-half net profit attributable to shareholders of CNY 30.951 billion, up 4.08 percent from the prior-year period. The result gives the Shanghai-listed bank a current earnings anchor as its shares were last at CNY 9.48 on September 30, 2026.

H1 profit outpaces revenue

According to Securities Star in the half-year report published on August 27, 2026, operating revenue increased 3.55 percent year over year to CNY 93.777 billion. Profit before tax rose 9.98 percent to CNY 36.446 billion, showing faster profit growth than top-line growth.

The bank's net interest margin was 1.43 percent in the first half, up from 1.41 percent in the comparable period. Net interest income increased 10.85 percent to CNY 64.631 billion, while net fee and commission income declined 1.92 percent to CNY 11.924 billion, making the interest business the main earnings support.

Credit quality and capital shape the case

Shanghai Pudong Development Bank reported a nonperforming loan ratio of 1.25 percent at June 30, 2026, down from 1.26 percent at year-end 2025. The decline was modest, but it came as total loans grew 2.88 percent to CNY 5.868 trillion and deposits increased 5.05 percent to CNY 5.864 trillion.

According to S and P Global Ratings on September 16, 2026, the bank's issuer credit rating was raised to BBB+ from BBB, with a stable outlook. The agency cited stronger capitalization and projected a risk-adjusted capital ratio of 6.5 percent to 7.0 percent over the next two years.

Consensus leaves room above the stock

MarketScreener lists an Outperform consensus from 10 analysts and an average price target of CNY 11.62. The same page records a CNY 30 billion, three-year bond issue announced on September 17, 2026, adding funding capacity while keeping liability structure in view.

For investors, the central comparison is between 4.08 percent first-half profit growth and 3.55 percent revenue growth. The stock's 3.27 percent gain on September 30 therefore sits alongside improving earnings and credit metrics, rather than relying on a single market session.

Shanghai stock gains on September 30

Shanghai Pudong Development Bank stock was last at CNY 9.48 on the Shanghai Stock Exchange on September 30, 2026 at 3:00 p.m. CST, up 3.27 percent from CNY 9.18. The 52-week range was CNY 8.49 to CNY 13.53, while market capitalization stood at CNY 315.7 billion.

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