股 票 研 究 [Table_industryInfo] 商业银行 [ Table_Main[青I Tnaf 岛bol]e 银_Ti行tle]（ 3866） [评Tab级le_：Inv est] 增持 当前价格（港元）： 2.08 业务结构优化，财富管理特色突出 2024.03.27 海 ——青岛银行首次覆盖报告 [ 交Ta易bl数e_M据a rket] 外 刘源(分析师) 钟昌静(研究助理) 52周内股价区间（港元） 1.84-2.83 当前股本（百万股） 5,820 公 021-38677818 010-83939787 当前市值（百万港元） 12,106 司 liuyuan023804@gtjas.com zhongchangjing028678@gtjas.com 证书编号 S0880521060001 S0880123070141 （ [ Table_PicQuote] 中 本报告导读： 52周内股价走势图 青岛银行扎根山东半岛，资产负债结构优化，财富管理业务特色突出，同时资产质量 国 青岛银行 恒生指数 明显改善，未来发展可期，首次覆盖给予“增持评级”。 香 11% 摘要： 港 4% [T ab ...

青岛银行股份有限公司 董事会审计委员会工作规则 第一条 为强化青岛银行股份有限公司（以下简称"本 行"）董事会决策功能，做到事前审计、专业审计，确保董 事会对本行财务收支和各项经营活动的有效监督，完善本行 治理结构，根据《中华人民共和国公司法》、《中华人民共 和国商业银行法》、《银行保险机构公司治理准则》、《上 市公司独立董事管理办法》、《深圳证券交易所股票上市规 则》、《香港联合交易所有限公司证券上市规则》、《青岛 银行股份有限公司章程》(以下简称"本行章程")及其他有 关法律、行政法规、部门规章和规范性文件，本行特设董事 会审计委员会（以下简称"本委员会"），并制定本工作规 则。 第二条 本委员会是董事会下设的专门工作机构，主要负 责审核本行财务信息及其披露、监督及评估内外部审计工作 和内部控制，并向董事会提出建议，或根据董事会授权就上 述事项进行决策。 第二章 人员组成 第三条 本委员会至少由三名非执行董事组成，其中独立 董事人数应占成员总数的半数以上，委员应当具有财务、审 1 计、会计或法律等某一方面的专业知识和工作经验，且至少 有一名独立董事具备适当的专业资格，或具备适当的会计或 相关的财务管理专长 ...

青岛银行股份有限公司 董事会薪酬委员会工作规则 （2024 年 1 月修订） 第一章 总 则 第一条 为进一步建立健全青岛银行股份有限公司（以下 简称"本行"）薪酬管理制度，完善本行治理结构，根据《中 华人民共和国公司法》、《中华人民共和国商业银行法》、 《银行保险机构公司治理准则》、《上市公司独立董事管理 办法》、《深圳证券交易所股票上市规则》、《香港联合交 易所有限公司证券上市规则》（以下简称"《香港上市规 则》"）、《青岛银行股份有限公司章程》(以下简称"本 行章程")及其他有关法律、行政法规、部门规章和规范性 文件，本行特设董事会薪酬委员会（以下简称"本委员会"）， 并制定本工作规则。 第二条 本委员会是董事会下设的专门工作机构，主要负 责拟定董事和高级管理层成员的考核标准并进行考核，拟 定、审查董事和高级管理人员的薪酬政策与方案，向董事会 提出考核和薪酬方案的建议，并监督方案的实施，或根据董 事会授权就上述事项进行决策。 1 第二章 人员组成 第三条 本委员会至少由三名具有与本委员会职责相适 应的专业知识和工作经验的董事组成，独立董事人数应占成 员总数的半数以上。 第四条 本委员会的委员和主任委员由 ...

Financial Performance - Total operating income for Q3 2023 was RMB 3,331,565 thousand, an increase of 0.54% year-on-year[3] - Net profit attributable to shareholders of the parent company for Q3 2023 was RMB 653,034 thousand, up 13.26% year-on-year[3] - Basic earnings per share for Q3 2023 was RMB 0.07, reflecting a significant increase of 600.00% year-on-year[3] - Net profit attributable to shareholders was CNY 2.99 billion, a year-on-year increase of CNY 394 million or 15.17%[18] - Net interest income for the first three quarters was CNY 6.88 billion, an increase of CNY 758 million or 12.38% year-on-year[18] - The bank's total profit reached RMB 3,497,077, a 24% increase from RMB 2,820,475 year-on-year[36] - The total comprehensive income amounted to RMB 3,777,817, up 30.8% from RMB 2,888,124 in the same period last year[38] Assets and Liabilities - Total assets as of September 30, 2023, reached RMB 581,184,488 thousand, representing a growth of 9.74% compared to the end of 2022[4] - Total liabilities as of September 30, 2023, amounted to RMB 541,977,833 thousand, an increase of 9.93% year-on-year[4] - The total equity attributable to shareholders of the parent company was RMB 38,328,856 thousand as of September 30, 2023, up 7.02% from the end of 2022[4] - The bank's total equity increased to RMB 39,206,655 thousand from RMB 36,593,295 thousand at the end of 2022, representing a growth of approximately 7.2%[31] - The bank's loans and advances stood at RMB 289,940,609 thousand, an increase from RMB 262,518,662 thousand at the end of 2022, marking a growth of approximately 10.5%[28] Customer Deposits and Loans - Customer deposits reached RMB 387.832 billion, marking an 11.43% increase compared to the previous year[12] - Total customer deposits amounted to CNY 379.25 billion, up CNY 37.90 billion or 11.10% from the end of last year[18] - Loans to private enterprises amounted to CNY 73.20 billion, an increase of CNY 1.44 billion or 2.01% from the end of last year[20] - Inclusive small and micro loans reached CNY 32.92 billion, up CNY 5.79 billion or 21.36% year-on-year[20] Cash Flow and Investments - Net cash flow from operating activities for the first nine months of 2023 was RMB 7,875,407 thousand, a substantial increase of 129.94% year-on-year[8] - Cash flow from operating activities generated a net cash inflow of RMB 7,875,407, compared to an outflow of RMB 26,303,719 in the previous year[41] - Cash inflow from investment activities totaled RMB 44,375,205 thousand, a decrease of 26.1% compared to RMB 59,988,786 thousand in the same period last year[43] - Net cash flow from investment activities was negative at RMB 5,573,074 thousand, compared to a negative RMB 1,537,485 thousand in the previous year[43] - Cash inflow from financing activities reached RMB 77,207,999 thousand, an increase of 7.7% from RMB 71,745,125 thousand in the same period last year[43] Ratios and Performance Metrics - Return on average equity (annualized) for Q3 2023 was 7.50%, an increase of 1.54 percentage points compared to the same period last year[3] - The capital adequacy ratio stood at 12.78%, down from 13.56% at the end of 2022[13] - The non-performing loan ratio was 1.14%, a slight improvement from 1.21% at the end of 2022[12] - The liquidity coverage ratio improved to 128.72%, up from 122.83% at the end of 2022[15] - The average return on total assets (annualized) increased to 0.74%, up from 0.60% in the previous year[12] - The provision coverage ratio increased to 254.67%, up 34.90 percentage points year-on-year[18] - The bank reported a cost-to-income ratio of 29.40%, down from 34.97% in the previous year[12] Other Financial Information - The company reported non-recurring gains and losses totaling RMB 41,292 thousand for Q3 2023[7] - The weighted average return on equity after deducting non-recurring gains and losses was 6.98%, an increase of 1.47 percentage points year-on-year[3] - The bank's credit impairment losses decreased to RMB 3,233,354 from RMB 3,612,432 in the previous year, indicating improved asset quality[34] - The bank has no outstanding preferred shares as of the report date[24] - The impact of exchange rate changes on cash and cash equivalents was RMB 23,175 thousand, down 73.1% from RMB 86,227 thousand in the same period last year[45]

Financial Performance - Operating income for Q3 2023 was RMB 3,331,380,000, an increase of 0.58% year-on-year[3]. - Net profit attributable to shareholders for Q3 2023 was RMB 653,034,000, up 13.26% compared to the same period last year[3]. - Basic and diluted earnings per share for Q3 2023 were both RMB 0.07, reflecting a significant increase of 600% year-on-year[3][5]. - For the period from January 1 to September 30, 2023, the net profit reached RMB 3,089,554 thousand, an increase of 16.1% compared to RMB 2,661,051 thousand in the same period of 2022[25]. - The net interest income for the same period was RMB 6,882,595 thousand, up 12.4% from RMB 6,124,360 thousand year-on-year[24]. - The total operating income for the first nine months of 2023 was RMB 9,702,191 thousand, representing a slight increase of 1.9% from RMB 9,523,548 thousand in 2022[24]. - The bank reported a total comprehensive income of RMB 3,777,817 thousand for the first nine months of 2023, compared to RMB 2,888,124 thousand in the same period of 2022, marking a significant increase of 30.8%[26]. Asset and Liability Management - Total assets as of September 30, 2023, reached RMB 581,184,488,000, representing a 9.74% increase from the end of 2022[3]. - Total liabilities increased to RMB 541,977,833,000, a rise of 9.93% compared to the end of 2022[3]. - As of September 30, 2023, total assets reached RMB 581.184 billion, an increase of RMB 51.570 billion or 9.74% compared to the end of the previous year[13]. - The bank's total assets as of September 30, 2023, amounted to RMB 581,184,488 thousand, an increase from RMB 529,613,992 thousand at the end of 2022[30]. - The bank's total liabilities increased to RMB 541,977,833 thousand from RMB 493,020,697 thousand year-on-year[27]. Loan and Deposit Growth - Total customer loans amounted to RMB 297.553 billion, up RMB 28.524 billion or 10.60% year-on-year, accounting for 51.20% of total assets[13]. - Total customer deposits reached RMB 379.246 billion, an increase of RMB 37.899 billion or 11.10% year-on-year, representing 69.97% of total liabilities[13]. - The net increase in deposits absorbed was RMB 37,899,308 thousand, significantly higher than the RMB 18,294,069 thousand recorded in 2022, indicating strong customer deposit growth[33]. Risk Management - The non-performing loan ratio stood at 1.14%, which is below the regulatory limit of 5%[6]. - The non-performing loan ratio improved to 1.14%, a decrease of 0.07 percentage points from the end of the previous year[14]. - The bank's non-performing loan ratio remained stable, with a focus on maintaining asset quality amid market expansion strategies[31]. Capital Adequacy - The capital adequacy ratio as of September 30, 2023, was 12.78%, above the regulatory standard of 10.5%[6]. - The core tier 1 capital adequacy ratio was 8.37%, a decrease of 0.38 percentage points compared to the end of the previous year[14]. - The capital adequacy ratio stood at 12.78%, down 0.78 percentage points from the end of the previous year[14]. - The provision coverage ratio increased to 254.67%, up 34.90 percentage points from the end of the previous year[14]. Cash Flow and Financing Activities - Cash flow from operating activities for the first nine months of 2023 was RMB 7,875,407,000, an increase of 129.94% year-on-year[5]. - For the period from January 1 to September 30, 2023, the net cash flow from operating activities was RMB 7,875,407 thousand, compared to a net outflow of RMB 26,303,719 thousand in the same period of 2022[33]. - The net cash flow from financing activities generated RMB 4,292,856 thousand, a recovery from a net outflow of RMB 448,880 thousand in the previous year[35]. - The bank issued bonds generating cash inflow of RMB 77,207,999 thousand, compared to RMB 61,168,090 thousand in 2022, showing a strong capital raising effort[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,828[16]. - The top ten shareholders held a total of 3,000,000,000 shares, with the largest shareholder, Hong Kong Central Clearing Limited, holding 21.87%[17]. - The company has no outstanding preferred shareholders as of the end of the reporting period[20]. Strategic Focus - The company is focused on enhancing financial services for private and small enterprises, optimizing product offerings, and improving online financing processes[15]. - The company aims to strengthen partnerships with professional guarantee companies and government financing guarantee funds to enhance inclusive financial service channels[15]. - The bank plans to continue its market expansion and enhance its product offerings in the upcoming quarters to drive further growth[31].

Financial Performance - Net interest income for the first half of 2023 reached RMB 4,509,411, an increase of 13.45% compared to RMB 3,974,750 in the same period of 2022[10]. - Non-interest income decreased by 16.78% to RMB 1,861,400 from RMB 2,236,590 year-on-year[10]. - Total operating income for the first half of 2023 was RMB 6,370,811, reflecting a growth of 2.57% from RMB 6,211,340 in the previous year[10]. - Pre-tax profit increased by 19.87% to RMB 2,786,303, up from RMB 2,324,371 in the first half of 2022[10]. - Net profit attributable to shareholders of the parent company rose by 15.72% to RMB 2,335,704 from RMB 2,018,395 year-on-year[10]. - Net profit for the period was CNY 2.41 billion, reflecting a year-on-year growth of CNY 347 million or 16.85%[19]. - Operating income reached 6.371 billion RMB, an increase of 159 million RMB, or 2.57% year-on-year, with a 9.67% increase when excluding the impact of overseas preferred stock redemption[26]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 568,400,907, a growth of 7.32% from RMB 529,613,992 at the end of 2022[11]. - Total liabilities reached RMB 529.61 billion, an increase of RMB 36.59 billion or 7.42% compared to the end of last year[67]. - Customer deposits reached RMB 370,052,195, an increase of 8.41% from RMB 341,347,176 at the end of 2022[11]. - Total customer loans amounted to RMB 288,835,557, increasing by 7.36% from RMB 269,029,452 at the end of 2022[11]. - Shareholders' equity reached RMB 38.79 billion, an increase of RMB 2.19 billion or 6.00% compared to the end of last year[76]. Loan Quality and Risk Management - The non-performing loan ratio improved to 1.14% from 1.21% year-on-year[12]. - The company's credit impairment losses decreased by 12.08% year-on-year, contributing to the steady growth of net profit[25]. - The company maintained a prudent provisioning policy, ensuring compliance with regulatory requirements[94]. - The non-performing loan ratio has continued to decline, achieving the target for asset quality control[156]. - The company strengthened the management of non-performing assets, optimizing disposal strategies and improving operational capabilities[95]. Customer and Market Development - The number of new customer accounts opened reached 23,000, a historical high, with an increase of 1,950 loan accounts, representing a growth of 38.61%[21]. - Retail deposits increased by 20.68 billion RMB, achieving the best level for the same period in history, while personal loan business market share increased steadily[22]. - The company added 8,729 new corporate clients for payroll services, a year-on-year growth of 153.90%[128]. - The number of retail customers reached 8.0725 million, an increase of 362,800 customers or 4.71% from the previous year[127]. Digital Transformation and Innovation - The company implemented a digital transformation strategy, enhancing data governance and improving data quality significantly[23]. - The bank's digital transformation strategy has been upgraded, focusing on product differentiation and intelligent operations[128]. - The company has launched 24 key products during the reporting period, transforming core products from offline to online and from complex to standardized[152]. - The company has implemented a new "Group Intelligent Credit Risk Early Warning Platform" to enhance credit risk assessment and warning capabilities[156]. Governance and Compliance - The company emphasizes the establishment and implementation of an effective internal control system to ensure prudent operations within legal and policy frameworks[186]. - The company has established a comprehensive internal control system covering all business activities, risk management activities, and support activities[187]. - The company did not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital during the reporting period[185]. - The company has not been penalized for violating environmental protection laws and regulations during the reporting period[188]. Strategic Focus and Future Outlook - The company plans to continue focusing on structural adjustments, strengthening customer base, optimizing collaboration, and enhancing capabilities in the second half of the year[23]. - The economic outlook for the second half of the year remains positive, with expectations of continued recovery supported by fiscal and monetary policies aimed at expanding domestic demand[173]. - Key strategies for the second half include accelerating business investment, optimizing liabilities, and enhancing risk management capabilities[175]. - The company aims to enrich its product offerings in inclusive finance and deepen cooperation to strengthen risk control[175].

Financial Performance - The bank reported a total revenue of RMB 1.2 billion for the first half of 2023, representing a year-on-year increase of 15%[9]. - Net profit attributable to shareholders reached RMB 500 million, up 10% compared to the same period last year[9]. - Net profit for the first half of 2023 was RMB 2,407,536 thousand, reflecting a growth of 16.85% from RMB 2,060,334 thousand in the same period last year[10]. - Future guidance indicates a target net profit growth of 12% for the full year 2023[9]. - The effective tax rate increased to 13.59%, up 2.23 percentage points year-on-year, primarily due to the growth in total profit[27]. Asset and Liability Management - The bank's total assets increased to RMB 150 billion, reflecting a growth of 8% year-on-year[9]. - Total assets as of June 30, 2023, amounted to RMB 568,400,907 thousand, representing a 7.32% increase from RMB 529,613,992 thousand at the end of 2022[11]. - The bank's total liabilities amounted to RMB 529.61 billion, an increase of RMB 36.59 billion or 7.42% compared to the end of 2022[73]. - The bank's total deposits reached RMB 377.74 billion, up RMB 29.69 billion or 8.53% year-on-year, accounting for 71.32% of total liabilities[75]. - The bank's equity attributable to shareholders reached RMB 379.39 billion, an increase of RMB 21.22 billion or 5.93% year-on-year[81]. Loan and Deposit Growth - Customer deposits grew by 12% to RMB 120 billion, indicating strong customer confidence[9]. - Customer loans totaled RMB 288,835,557 thousand, up 7.36% from RMB 269,029,452 thousand year-on-year[10]. - Total customer deposits were RMB 370.052 billion, increasing by RMB 28.705 billion, or 8.41% from the previous year[23]. - The bank's total customer loans, including accrued interest, reached RMB 288.84 billion, an increase of 7.36% compared to the end of 2022[62]. - Retail deposits balance was 168.010 billion CNY, up 20.682 billion CNY, representing a growth of 14.04%[134]. Non-Performing Loans and Asset Quality - The non-performing loan ratio improved to 1.5%, down from 1.8% in the previous year[9]. - The non-performing loan ratio improved to 1.14% from 1.21% in the same period last year[12]. - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies[61]. - The bank's loan impairment provisions increased to RMB 7,814,419 thousand, a rise of 9.49% from the previous year, with a provision coverage ratio of 237.34%[100]. - The bank's focus on improving asset quality is evident, with a decrease in the proportion of substandard loans to 0.43% and suspicious loans to 0.29% as of June 30, 2023[90]. Digital Transformation and Innovation - The bank plans to expand its digital banking services, aiming for a 20% increase in online transactions by the end of 2023[9]. - The company initiated a digital transformation strategy, enhancing data governance and risk management capabilities[26]. - The bank's digital transformation strategy focuses on "online, mobile, and intelligent" development, enhancing service capabilities across four key areas[156]. - The bank launched 28 new projects and successfully put 43 projects into production during the reporting period[156]. - Mobile banking users reached 4.9035 million, an increase of 324,800 users or 7.09% compared to the previous year[153]. Risk Management - The company has implemented a comprehensive risk management strategy, including the establishment of a risk preference indicator system and enhanced monitoring of credit risk across all credit asset portfolios[160]. - The company has launched a smart credit risk warning platform to enhance credit risk assessment and early warning capabilities during the credit management process[161]. - The company actively monitors external policy changes and adjusts its pricing strategies and asset-liability structure to manage interest rate risks effectively[168]. - The operational risk control situation is reported to be good, with effective measures taken to prevent operational risks[176]. - The bank's risk management framework is overseen by the board and includes an audit committee to ensure effective implementation[193]. Community Engagement and Corporate Social Responsibility - The bank actively engaged in community service, organizing 404 community events with over 34,000 participants[197]. - The bank has established a comprehensive consumer rights protection system, enhancing customer service experiences[198]. - The bank implemented 111 free service projects to maximize benefits for enterprises[196]. - The bank's green credit balance reached CNY 23.528 billion, an increase of CNY 2.604 billion, representing a growth of 12.45% compared to the beginning of the year[196]. - The bank has not been penalized for any environmental protection violations during the reporting period[195]. Governance and Shareholder Engagement - The company held its first extraordinary shareholders' meeting in 2023 with a participation rate of 64.81% on February 10, 2023[182]. - The annual shareholders' meeting in 2023 had a participation rate of 68.80% and approved eight resolutions, including the financial report for 2022 and the profit distribution plan[182]. - The company emphasizes the integration of party leadership and corporate governance to enhance governance effectiveness and compliance[181]. - The bank did not distribute cash dividends or issue bonus shares during the reporting period[192]. - The company has seen changes in its board members, including the election of Wu Xianming as the executive director and president on March 20, 2023[188].

Financial Performance - Bank of Qingdao reported its unaudited interim results for the six months ended June 30, 2023[1]. - The financial report was reviewed by KPMG according to both Chinese and international review standards[2]. - Net interest income for the first half of 2023 reached RMB 4,509,411 thousand, an increase of 13.45% compared to RMB 3,974,750 thousand in the same period of 2022[10]. - Non-interest income decreased by 16.78% to RMB 1,861,400 thousand from RMB 2,236,590 thousand year-on-year[10]. - Total operating income for the first half of 2023 was RMB 6,370,811 thousand, reflecting a growth of 2.57% from RMB 6,211,340 thousand in the previous year[10]. - The net profit attributable to shareholders of the parent company increased by 15.72% to RMB 2,335,704 thousand, compared to RMB 2,018,395 thousand in the same period last year[10]. - Operating income was RMB 6.37 billion, an increase of RMB 159 million, representing a growth of 2.57% year-on-year; net profit reached RMB 2.41 billion, up RMB 347 million, growing by 16.85%[24]. - The net profit for the reporting period was CNY 2.41 billion, representing a year-on-year growth of 16.85%[16]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 568,400,907 thousand, representing a growth of 7.32% from RMB 529,613,992 thousand at the end of 2022[11]. - Total liabilities reached RMB 529.61 billion, an increase of RMB 36.59 billion or 7.42% compared to the end of last year[67]. - Customer loans totaled RMB 288,835,557 thousand, up 7.36% from RMB 269,029,452 thousand at the end of 2022[11]. - Total customer deposits increased by 8.41% to RMB 370,052,195 thousand from RMB 341,347,176 thousand at the end of 2022[11]. - The bank's equity attributable to shareholders increased to RMB 379.39 billion, reflecting a growth of RMB 21.22 billion or 5.93%[76]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements, which are based on current plans and estimates[2]. - The interim report includes detailed descriptions of major risks and corresponding measures[2]. - The non-performing loan ratio improved to 1.14% from 1.21% at the end of 2022[12]. - The company has established a comprehensive risk warning mechanism for group client credit, ensuring overall credit risk remains controllable[96]. - The company has strengthened its measures for managing non-performing assets, focusing on improving operational capabilities and optimizing disposal strategies[95]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the interim report, with all 13 directors present at the meeting[2]. - The company held an extraordinary shareholders' meeting on February 10, 2023, with a participation rate of 64.81%[177]. - The annual shareholders' meeting on May 31, 2023, had a participation rate of 68.80% and approved eight proposals, including the financial statements for 2022[178]. - The company is committed to modernizing its corporate governance system to achieve high-quality development[176]. Strategic Initiatives - The company is committed to green credit initiatives, focusing on energy-saving and environmental protection projects[6]. - The bank's strategic focus for 2023-2025 includes enhancing customer engagement and improving operational efficiency[17]. - The company plans to continue focusing on structural adjustments, enhancing customer base, and improving collaboration capabilities in the second half of the year[23]. - The company aims to optimize its asset-liability structure in response to currency fluctuations and macroeconomic conditions[167]. Digital Transformation - The company has initiated the construction of a new generation distributed core system to support its three-year strategic plan and digital transformation[152]. - The company has launched 24 key products during the reporting period, transforming core products from offline to online and from complex to standardized[152]. - The company has made significant progress in digital infrastructure construction, optimizing data governance and enhancing data quality control[152]. Community Engagement - The bank organized 404 community "Party Building + Volunteer" activities, reaching over 34,000 participants[190]. - The bank's "Qingxin" consumer protection brand continued to lead financial education efforts during the reporting period[191]. Compliance and Legal Matters - The company has not been penalized for violating environmental protection laws and regulations during the reporting period[188]. - The company has not been involved in any criminal investigations or faced criminal penalties during the reporting period[198]. - There are no major administrative penalties imposed by regulatory authorities on the company or its executives[198].

Financial Performance - Operating income for Q1 2023 reached RMB 3,093,053 thousand, a 15.54% increase compared to RMB 2,677,018 thousand in Q1 2022[3] - Net profit attributable to shareholders of the parent company was RMB 910,066 thousand, reflecting a 15.83% growth from RMB 785,669 thousand in the same period last year[3] - Basic earnings per share for Q1 2023 was RMB 0.16, up 6.67% from RMB 0.15 in Q1 2022[3] - The bank's total comprehensive income for Q1 2023 was RMB 944,366 thousand, an increase from RMB 720,344 thousand in Q1 2022[33] - Interest income for Q1 2023 was RMB 2,198 million, up 14.67% from the previous year[17] - Non-interest income reached RMB 895 million, a growth of 17.72% year-on-year[17] - Net profit attributable to shareholders was RMB 910 million for Q1 2023, representing a year-on-year increase of 15.83%[17] Asset and Liability Management - Total assets as of March 31, 2023, amounted to RMB 552,287,242 thousand, representing a 4.28% increase from RMB 529,613,992 thousand at the end of 2022[3] - Total liabilities as of March 31, 2023, amounted to RMB 514,749,581 thousand, an increase from RMB 493,020,697 thousand as of December 31, 2022[26] - Total equity attributable to shareholders of the parent company increased to RMB 36,723,569 thousand as of March 31, 2023, compared to RMB 35,816,312 thousand at the end of 2022[26] - The bank's total assets reached RMB 552,287,242 thousand as of March 31, 2023, up from RMB 529,613,992 thousand at the end of 2022[26] Cash Flow Analysis - Net cash flow from operating activities improved significantly to RMB 5,931,055 thousand, a 137.66% increase from a negative RMB 15,750,164 thousand in Q1 2022[3] - The net increase in cash and cash equivalents for Q1 2023 was RMB 4,671,504 thousand, compared to a decrease of RMB 17,002,739 thousand in Q1 2022[39] - The ending balance of cash and cash equivalents as of March 31, 2023, was RMB 16,180,501 thousand, compared to RMB 25,850,629 thousand at the end of Q1 2022[39] - Cash inflow from financing activities was RMB 21,010,360 thousand in Q1 2023, down from RMB 30,010,760 thousand in Q1 2022[38] Credit Quality - The non-performing loan ratio improved to 1.14% from 1.21% at the end of 2022, indicating better asset quality[8] - The provision coverage ratio increased to 232.79%, up 13.02 percentage points from the end of 2022[17] - The bank's credit impairment losses for Q1 2023 were RMB 1,120,443 thousand, compared to RMB 956,431 thousand in Q1 2022[31] Capital Adequacy - The bank's capital adequacy ratio stood at 13.27% as of March 31, 2023, slightly down from 13.56% at the end of 2022[8] - Core Tier 1 capital adequacy ratio stood at 8.61%, a slight decrease of 0.14 percentage points from the end of 2022[12] Customer Engagement - Total customer loans reached RMB 283,187,109 thousand as of March 31, 2023, an increase of 5.26% from RMB 269,029,452 thousand at the end of 2022[11] - Total customer deposits amounted to RMB 357,727,345 thousand, reflecting a growth of 4.80% compared to RMB 341,347,176 thousand at the end of 2022[11] - The bank has enhanced its support for small and micro enterprises, with loans to private enterprises reaching RMB 72,320 million, an increase of 0.78% from the end of 2022[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 70,412, with the top ten shareholders holding a combined 66.84% of shares[19] - The largest shareholder, Hong Kong Central Clearing Limited, holds 21.87% of shares, amounting to 1,272,956,224 shares[19]

Financial Performance - Operating income for Q1 2023 reached RMB 3,089,260, an increase of 15.32% compared to RMB 2,678,811 in Q1 2022[2] - Net profit attributable to shareholders was RMB 910,066, reflecting a growth of 15.83% from RMB 785,669 in the same period last year[2] - Basic earnings per share for Q1 2023 was RMB 0.16, up 6.67% from RMB 0.15 in Q1 2022[2] - The company's net profit attributable to shareholders for Q1 2023 was RMB 910 million, representing a year-on-year increase of 15.83%[13] - The net interest income for Q1 2023 was RMB 2.20 billion, up 14.67% year-on-year[13] - Total comprehensive income for Q1 2023 was RMB 944,366 thousand, compared to RMB 720,344 thousand in Q1 2022, representing a growth of 31.1%[23] - Net profit for Q1 2023 was RMB 947,175 thousand, up 18.9% from RMB 796,803 thousand in Q1 2022[23] Cash Flow and Liquidity - The net cash flow from operating activities was RMB 5,931,055, a significant increase of 137.66% compared to a negative cash flow of RMB 15,750,164 in Q1 2022, primarily due to increased deposits[4] - Cash flow from operating activities for Q1 2023 was RMB 5,931,055 thousand, a significant improvement compared to a cash outflow of RMB 15,750,164 thousand in Q1 2022[28] - The cash and cash equivalents increased by RMB 4,671,504 thousand during the first quarter of 2023, while there was a decrease of RMB 17,002,739 thousand in the first quarter of 2022[29] - The net increase in cash and cash equivalents as of March 31, 2023, was RMB 16,180,501 thousand, compared to RMB 25,850,629 thousand as of March 31, 2022[29] Assets and Liabilities - Total assets as of March 31, 2023, amounted to RMB 552,287,242, representing a 4.28% increase from RMB 529,613,992 at the end of 2022[2] - Total liabilities increased by 4.41% to RMB 514,749,581 from RMB 493,020,697 at the end of 2022[2] - The bank's total assets as of March 31, 2023, amounted to RMB 552,287,242 thousand, an increase from RMB 529,613,992 thousand as of December 31, 2022[24] - The bank's equity attributable to shareholders increased to RMB 36,723,569 thousand as of March 31, 2023, from RMB 35,816,312 thousand at the end of 2022[25] Asset Quality - The non-performing loan ratio was 1.14%, a decrease from 1.21% at the end of 2022, indicating improved asset quality[5] - The non-performing loan ratio as of March 31, 2023, was 1.14%, a decrease of 0.07 percentage points from the end of 2022[13] - The bank's non-performing loan ratio improved to 1.5% as of March 31, 2023, compared to 1.7% at the end of 2022[24] Capital Adequacy - The capital adequacy ratio stood at 13.27% as of March 31, 2023, slightly down from 13.56% at the end of 2022[5] - The capital adequacy ratio stood at 13.27% as of March 31, 2023, down 0.29 percentage points from the end of 2022[8] - The core tier 1 capital adequacy ratio was 8.61%, a decrease of 0.14 percentage points from the end of 2022[8] Customer Loans and Deposits - As of March 31, 2023, total customer loans amounted to RMB 283.19 billion, an increase of 5.26% from the end of 2022[7] - Total customer deposits reached RMB 357.73 billion, reflecting a growth of 4.80% compared to the end of 2022[7] - Customer deposits increased to RMB 364,923,271 thousand as of March 31, 2023, from RMB 348,043,307 thousand at the end of 2022, reflecting a growth of 4.5%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,412[15] - The top shareholder, Hong Kong Central Clearing (Agent), held 21.87% of the shares, totaling 1,272,956,224 shares[16] - The second-largest shareholder, Italy's UniCredit Bank, held 17.50% of the shares, totaling 1,018,562,076 shares[16] Business Initiatives - The company launched new products such as "Fast Loan with Housing Mortgage" and "Fast Loan with Guarantee" to enhance financing accessibility for small and micro enterprises[14] - The company is focused on improving the efficiency of business processing and has implemented a time-limited approval process for different business categories[14] - The company expanded its loan issuance, with corporate loans increasing by 7.55% year-on-year[7] - The outstanding loans to private enterprises amounted to RMB 72.32 billion, an increase of RMB 0.0562 billion or 0.78% compared to the end of the previous year[14] - The balance of inclusive small and micro loans reached RMB 28.261 billion, increasing by RMB 1.136 billion or 4.19% from the end of the previous year[14]