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the real economy is the foundation of a country's economy, the fundamental source of wealth creation, and an important pillar of national prosperity. serving the real economy is the foundation of the financial industry.

recently, at the 2024 shanghai-based listed companies collective reception day and interim performance briefing event, shanghai bank president shi hongmin stated that the bank insists on serving the real economy, integrating its own development into national and regional development strategies, and continues to deepen its presence in key areas such as the yangtze river delta, guangdong, hong kong and macao, beijing-tianjin-hebei, increase product innovation efforts, and continuously optimize its business structure.

taking technology finance as an example, shanghai bank has positioned technology finance as one of the three characteristic businesses in the new round of corporate business strategic development. as of the end of june 2024, the balance of shanghai bank's loans to technology-based enterprises has exceeded 153 billion yuan, with an average compound growth rate of 37% over three years.

profitability has steadily improved and asset size has continued to grow

as of the end of june 2024, shanghai bank's total assets were 3.22 trillion yuan, an increase of 4.47% from the end of 2023, of which total customer loans and advances reached 1.42 trillion yuan, an increase of 3.45% from the end of the previous year; total liabilities were 2.98 trillion yuan, an increase of 4.59% from the end of the previous year, of which total deposits were 1.75 trillion yuan, an increase of 6.71% from the end of the previous year.

looking at the specific data, as of the end of june 2024, shanghai bank achieved annual operating income of 26.247 billion yuan, a slight decrease of 0.43% year-on-year, and achieved a net profit attributable to parent company shareholders of 12.969 billion yuan, a year-on-year increase of 1.04%.