BANK OF XI'AN(600928)2025-04-29 14:50Financial Performance - The company reported a revenue of CNY 2,038,926,000 for Q1 2025, representing an 8.14% increase compared to CNY 1,885,441,000 in Q1 2024[5] - Net profit attributable to ordinary shareholders was CNY 711,993,000, up 4.30% from CNY 682,628,000 in the same period last year[5] - The bank's net profit for the quarter was CNY 710 million, up from CNY 683 million, reflecting a growth of 3.9%[32] - The net profit for the three months ended March 31, 2025, was RMB 714,168 thousand, compared to RMB 682,180 thousand in the same period of 2024, showing a growth of about 4.7%[42] Cash Flow - The net cash flow from operating activities was CNY 3,008,556,000, a significant recovery from a negative cash flow of CNY 10,852,789,000 in Q1 2024[5] - Net cash flow from operating activities for the three months ended March 31, 2025, was RMB 3,263,252 thousand, a significant improvement compared to a net outflow of RMB 10,752,620 thousand in the same period of 2024[46] - Total cash inflow from operating activities increased to RMB 41,031,044 thousand in 2025, up from RMB 26,652,627 thousand in 2024, representing a growth of approximately 54%[35] - Cash inflow from financing activities amounted to RMB 24,457,675 thousand, slightly down from RMB 26,193,775 thousand in the previous year[47] - The company reported a net increase in cash and cash equivalents of RMB 12,759,734 thousand for the period, contrasting with a decrease of RMB 3,979,950 thousand in the previous year[47] Assets and Liabilities - Total assets reached CNY 519,724,347,000, an increase of 8.19% from CNY 480,370,120,000 at the end of 2024[13] - The total liabilities increased to CNY 485,962,068,000, up 8.74% from CNY 446,898,269,000 at the end of 2024[15] - Total assets increased to CNY 519,724 million from CNY 480,370 million, marking an 8.2% growth[29] - Total liabilities increased to RMB 478,755,416 thousand as of March 31, 2025, compared to RMB 439,480,606 thousand at the end of 2024, reflecting an increase of approximately 8.9%[39] Risk Management - The non-performing loan ratio improved to 1.61%, down 0.11 percentage points from the end of 2024[13] - The provision coverage ratio improved to 190.07%, up from 184.06%, indicating stronger risk management[21] - The non-performing loan ratio improved to 1.61% from 1.72%, indicating a decrease in credit risk[20] Capital Adequacy - The core Tier 1 capital adequacy ratio stood at 9.36%, while the overall capital adequacy ratio was 11.69%[13] - Core Tier 1 capital decreased to CNY 31,807 million from CNY 31,910 million, reflecting a decline of 0.32%[18] - The total risk-weighted assets increased to CNY 339,693 million, up from CNY 317,002 million, representing a growth of 7.36%[18] Earnings and Returns - The company achieved a basic earnings per share of CNY 0.16, a 6.67% increase from CNY 0.15 in Q1 2024[5] - The weighted average return on equity was 2.12%, a decrease of 0.07 percentage points compared to 2.19% in the previous year[5] - Net interest income rose to CNY 1,807 million, an increase of 45.7% compared to CNY 1,240 million in the previous year[32] - Net interest income rose to RMB 1,795,539 thousand in Q1 2025, up from RMB 1,226,803 thousand in Q1 2024, reflecting an increase of about 46%[42] Customer Deposits - The company reported a net increase in deposits of RMB 30,064,727 thousand in Q1 2025, compared to RMB 4,545,764 thousand in Q1 2024, indicating a substantial increase in customer deposits[35] - The net increase in customer deposits was RMB 29,988,848 thousand, compared to RMB 4,396,372 thousand in the previous year, reflecting a substantial increase of 581.5%[46]