兴业银行(601166) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was RMB 55,410 million, a decrease of 6.72% compared to RMB 59,403 million in Q1 2022[4] - Net profit attributable to shareholders of the parent company for Q1 2023 was RMB 25,115 million, down 8.93% from RMB 27,578 million in the same period last year[4] - Basic earnings per share for Q1 2023 were RMB 1.21, a decline of 8.93% compared to RMB 1.33 in Q1 2022[4] - The net profit for the group for the three months ended March 31, 2023, was RMB 25,347 million, a decrease of 8.7% compared to RMB 27,632 million for the same period in 2022[30] - The group's operating income for the first quarter of 2023 was RMB 55,410 million, a decrease of 6.7% from RMB 59,403 million in the same period of 2022[30] - The net interest income for the group was RMB 35,439 million, down from RMB 37,775 million year-over-year, reflecting a decline of 6.2%[30] - The company achieved a net interest income of RMB 354.39 billion, a year-on-year decline of 6.18% due to the impact of LPR repricing[15] - The group reported a basic earnings per share of RMB 1.21 for the first quarter of 2023, down from RMB 1.33 in the same period of 2022[32] Assets and Liabilities - The total assets as of March 31, 2023, reached RMB 9,827,029 million, representing a 6.05% increase from RMB 9,266,671 million at the end of 2022[6] - The total liabilities of the group as of March 31, 2023, were RMB 9,043,403 million, compared to RMB 8,509,373 million at the end of 2022, indicating an increase of about 6.3%[27] - The total assets of the group amounted to RMB 9,827,029 million, an increase from RMB 9,266,671 million at the end of 2022, representing a growth of approximately 6%[28] - The total equity as of March 31, 2023, was RMB 783,626 million, up from RMB 757,298 million at the end of 2022, indicating a growth of about 3.5%[27] - The total equity attributable to shareholders of the parent company increased to RMB 772,282 million as of March 31, 2023, compared to RMB 746,187 million at the end of 2022, marking an increase of 3.5%[28] Risk Management - The non-performing loan ratio remained stable at 1.09% as of March 31, 2023[6] - The non-performing loan balance was RMB 55.878 billion, with a non-performing loan ratio of 1.09%, unchanged from the end of the previous year[14] - The provision coverage ratio was 232.81%, demonstrating robust risk management practices[16] - The group’s non-performing loan ratio remained stable, reflecting effective risk management strategies in place[30] - The company has established a risk disposal agile team to enhance risk identification and response capabilities in a complex market environment[14] Cash Flow - The net cash flow from operating activities for Q1 2023 was RMB 566,518 million, a significant improvement from a negative RMB 249,754 million in the same period last year[5] - The net cash flow from operating activities for the group was RMB 566,518 million, compared to RMB 249,754 million in the same period last year, showing a significant increase[34] - The net cash flow from investment activities was negative at RMB 137,948 million, a decrease from a positive RMB 58,834 million in the previous year[35] - The net cash flow from financing activities was RMB 24,624 million, down from RMB 97,210 million year-on-year[35] - The total cash and cash equivalents at the end of the period reached RMB 857,486 million, an increase from RMB 674,797 million in the previous year[36] - The net increase in cash and cash equivalents was RMB 452,630 million, compared to a decrease of RMB 94,112 million in the same period last year[36] Deposits and Loans - The total deposits as of March 31, 2023, amounted to RMB 4,897,489 million, an increase from RMB 4,736,982 million at the end of 2022[8] - Customer deposits amounted to RMB 48,974.89 billion, reflecting a growth of 3.39% year-on-year[15] - The total loans and advances issued by the group reached RMB 5,025,233 million as of March 31, 2023, up from RMB 4,869,879 million at the end of 2022, reflecting a growth of approximately 3.2%[26] - Customer deposits and interbank deposits increased by RMB 323,008 million, up from RMB 115,115 million year-on-year[34] - The group experienced a net increase in cash flow from customer loans and advances, with a net decrease of RMB 167,196 million compared to RMB 205,893 million in the previous year[34] Investments - The group plans to invest approximately RMB 6.88 billion in building a data center in Gui'an New District, with a total planned construction area of about 240,000 square meters[24] - The group’s financial investments in debt securities amounted to RMB 1,707,730 million as of March 31, 2023, compared to RMB 1,607,026 million at the end of 2022, marking an increase of approximately 6.3%[26] - The group’s investment income rose to RMB 7,434 million, compared to RMB 6,751 million in the previous year, indicating an increase of 10.1%[30] Shareholder Information - The top ten shareholders collectively hold 19.09% of the company's total share capital, with the largest shareholder being Fujian Financial Investment Co., Ltd. at 16.91%[19] - The top ten preferred shareholders hold a total of 63 accounts, with the largest shareholder being China Ping An Life Insurance Co., Ltd., holding 88,734,000 shares, accounting for 15.85%[21] - The total number of ordinary shares held by the Fujian Provincial Finance Department and its wholly-owned subsidiary reached 3,965,181,007 shares, representing 19.04% of the total share capital[23]