SPD Bank's asset size surpasses 10 trillion yuan; digital intelligence strategy advances steadily and deeply | Live coverage of the performance meeting

On the afternoon of March 31, SPD Bank held its 2025 Annual Performance Briefing. Chairman Zhang Weizhong, President Xie Wei, and several other senior executives attended the meeting, providing detailed explanations on topics such as the deepening of the digital intelligence strategy, the tackling of the five major tracks, and the development blueprint for 2026.

The annual report shows that in 2025, SPD Bank’s asset size for the first time surpassed 10 trillion yuan, with both operating income and net profit attributable to the parent achieving double growth, non-performing loan ratio dropping to its lowest level in nearly 11 years, and nearly 50 billion yuan of convertible bonds successfully converted into shares. Zhang Weizhong pointed out that 2026 will be the year for the comprehensive deepening of the digital intelligence strategy, with the goal of “high-quality value bank,” and to “re-examine finance with AI-native thinking.”

Core operating indicators are all positive

In 2025, SPD Bank’s annual operating efficiency steadily increased, asset quality continued to improve, capital strength was orderly expanded, and the trend of steady and sound development was further consolidated.

Data from the annual report shows that in 2025, SPD Bank’s total assets exceeded 10 trillion yuan, an increase of 6.55% from the end of the previous year to 10,081.746 billion yuan. Regarding core operating indicators, in 2025, the group achieved operating income of 100k yuan, an increase of 173.96B yuan year-on-year, up 1.88%; net profit attributable to shareholders of the parent was 3.22B yuan, an increase of 4.760 billion yuan, or 10.52%, maintaining double-digit growth for two consecutive years. The weighted average return on equity (ROE) was 6.76%, up 0.48 percentage points from the previous year; the cost-to-income ratio was 28.50%, down 0.66 percentage points from the previous year.

In 2025, SPD Bank’s asset quality remained stable and improving. At the end of the reporting period, the group’s non-performing loan balance and non-performing loan ratio both achieved “double decline” compared to the previous year. Non-performing loans amounted to 71.99 billion yuan, a decrease of 50.02B yuan from the end of last year; the non-performing asset ratio decreased by 0.10 percentage points to 1.26%, reaching its lowest level in nearly 11 years. The loan loss provision coverage ratio was 200.72%, up 13.76 percentage points from the end of last year, achieving four consecutive years of increase and reaching the best level in nearly a decade.

Additionally, capital strength was expanded in an orderly manner. SPD Bank coordinated external capital supplementation and internal capital accumulation, successfully completing the conversion of 4.76B yuan of convertible bonds, with a conversion ratio of 99.67%, setting a record for the largest single-scale conversion in A-share history.

“At the beginning of 2025, we formulated and disclosed a valuation enhancement plan approved by the board of directors, with a strong focus on investor returns, maintaining a relatively high dividend payout ratio of over 30%, and timely sharing of the company’s value creation results with investors,” Xie Wei explained at the briefing. “By the end of 2025, our stock price increased by 24.56% year-to-date, ranking first among listed joint-stock banks, further enhancing market recognition.”

Digital intelligence empowerment shows results

Looking back at 2025, SPD Bank’s digital intelligence empowerment has shown tangible results. In terms of digital product systems, SPD Bank deeply integrated multi-business, multi-channel, and multi-scenario service capabilities, focusing on building five major digital super-products: SPD Flash Loan, SPD Ke Loan, SPD Chain Pass, SPD Hui Loan, and SPD Win Mergers.

By the end of the reporting period, SPD Flash Loan’s credit scale exceeded 200 billion yuan, with over 940k credit customers. During the period, SPD Ke Loan served more than 5,900 tech companies, providing over 140 billion yuan in financing. SPD Chain Pass issued 1.16B yuan, a year-on-year increase of 244%. SPD Hui Loan’s loan balance was 140 billion yuan, an increase of 192% from the end of last year. SPD Win Mergers’ loan issuance was 49.84B yuan, up 47.05% year-on-year.

It is understood that SPD Bank established an AI center at the head office, constructing the “Thousand Card Intelligent Computing Base,” building an enterprise-level knowledge asset management system, promoting large-scale AI applications, releasing the “AI+” application planning white paper and the 2026 AI implementation action plan, and systematically advancing intelligent service upgrades and productivity reshaping.

In terms of digital infrastructure, SPD Bank promoted the enterprise architecture project, reshaped key domain architectures, coordinated major system constructions, accelerated the building of data centers across the bank, and provided technical support for process optimization and scenario implementation. These achievements have been awarded the first, second, and third prizes for financial technology development by the People’s Bank of China.

“Strengthening quality” in the five major tracks

The “five major tracks” are SPD Bank’s important measures to thoroughly implement the five major articles of finance and serve the real economy, as well as the main areas where the digital intelligence strategy is deeply implemented at the business level. In 2025, the business in these five tracks advanced from “expanding volume” to “strengthening quality,” providing high-quality financial supply to serve the real economy.

In 2025, SPD Bank achieved upgrades in the ecological level of the technology finance track, rapid breakthroughs in the supply chain finance track, digital intelligence empowerment and efficiency improvements in the inclusive finance track, expanded service boundaries in the cross-border finance track, and full-domain integration in the financial asset management track.

At the end of the reporting period, the bank’s technology finance loan scale (according to PBOC statistics) reached 1,047.092 billion yuan, serving over 256k tech companies. It provided supply chain services to 37,408 upstream and downstream clients, an increase of 97.76% from the end of last year; online supply chain transactions amounted to 940k yuan, a year-on-year increase of 194.82%.

The inclusive finance loans increased by 12.51% to 135.32B yuan, reaching a four-year high in incremental growth, ranking second among joint-stock banks in annual growth; the number of inclusive finance clients was 509.8k, up 24.22%. Cross-border transaction settlement volume was 113.94B yuan, up 44%; cross-border foreign currency loans totaled 336.3 billion yuan, an increase of 27% from the end of last year. The management of personal AUM (assets under management), including market value, reached 4,664.533 billion yuan, up 20.26%. The group’s subsidiary asset management scale was 3,360.469 billion yuan, an increase of 23.66%.

Promoting the comprehensive deepening of the digital intelligence strategy

2026 is the starting year of SPD Bank’s “14th Five-Year” plan and a critical year for the full deepening of the digital intelligence strategy. Zhang Weizhong pointed out that SPD Bank will take “Year of Comprehensive Strategy Deepening” as the theme, with value creation as the foundation, to advance the digital intelligence strategy from “functional construction” to “ecological operation,” creating an organically unified “high-quality value bank” that benefits its own value, customer value, shareholder value, ecological partners, and society.

It is understood that, driven by the digital intelligence strategy, SPD Bank will promote the implementation of the “Ten Business Strategies.” Zhang Weizhong introduced at the briefing that these include industry strategy, regional strategy, customer marketing and management strategy, online strategy, digital innovation strategy, diversified and differentiated competition strategy, group collaboration strategy, lean management strategy, digital risk control and pricing strategy, and precise resource allocation strategy.

Xie Wei stated that in the face of the surging wave of digitalization, SPD Bank will systematically advance the deployment of “One Blueprint, Four High Requirements, Five Major Tracks, Three Super Efficiencies, and Ten Tasks” (i.e., “1-4-5-3-10”), concentrating resources to break through challenges and striving to achieve new leaps in operating quality and overall competitiveness.