青农商行(002958) - 2024 Q1 - 季度财报

Financial Performance - Total profit for the first quarter of 2024 reached CNY 1,133,790,000, an increase of 7.03% compared to CNY 1,059,349,000 in the same period last year[3] - Net profit for the first quarter of 2024 was CNY 1,081,306,000, reflecting a growth of 9.01% from CNY 991,962,000 year-over-year[3] - The net profit attributable to shareholders of the parent company increased by 10.14% to CNY 1,094,399,000 from CNY 993,672,000 in the previous year[3] - Total operating income increased to 3,026,912, representing a growth of 13.3% from 2,671,626 in the previous year[21] - The group reported operating profit of RMB 1,136,069 thousand for the first quarter of 2024, compared to RMB 1,059,854 thousand in the same period of 2023, marking an increase of approximately 7.2%[48] - The bank's total comprehensive income for the first quarter of 2024 was RMB 1,160,131 thousand, compared to RMB 986,037 thousand in the first quarter of 2023[93] Assets and Liabilities - The total assets as of March 31, 2024, amounted to CNY 473,858,062,000, representing a 1.27% increase from CNY 467,936,769,000 at the end of 2023[3] - The total liabilities increased by 1.13% to CNY 433,744,997,000 from CNY 428,887,839,000 year-over-year[3] - The total amount of loans and advances issued reached CNY 259,780,046,000, an increase of 1.54% from CNY 255,844,853,000 year-over-year[3] - The total deposits absorbed by the bank increased by 1.82% to CNY 311,102,916,000 from CNY 305,538,569,000 at the end of 2023[3] - As of March 31, 2024, the total assets of the group reached RMB 473,858,062 thousand, an increase from RMB 467,936,769 thousand as of December 31, 2023, representing a growth of approximately 0.4%[38] Cash Flow - The net cash flow from operating activities decreased significantly by 60.08% to CNY 4,737,050,000 compared to CNY 11,866,023,000 in the same period last year[3] - The net cash inflow from operating activities was CNY 4,737,050 thousand, down 60.1% from CNY 11,866,023 thousand year-over-year[133] - The total cash and cash equivalents at the end of the period amounted to CNY 14,847,069 thousand, a decrease from CNY 17,522,557 thousand in the previous year[123] - The net cash outflow from operating activities totaled CNY (14,278,965) thousand, a decrease from CNY (15,638,695) thousand in the previous year[133] - The net cash flow generated from investment activities was RMB 2,349,418 thousand, a significant improvement from a net cash outflow of RMB 16,540,685 thousand in the previous year[91] Earnings and Ratios - Basic earnings per share rose by 12.50% to CNY 0.18 from CNY 0.16 in the previous year[3] - The diluted earnings per share for the first quarter of 2024 was RMB 0.15, up from RMB 0.14 in the same period of 2023[86] - The weighted average return on equity (annualized) improved to 11.88%, up by 0.32 percentage points from 11.56%[3] - The bank's total capital adequacy ratio was reported at 13.52%, an increase from 13.21% at the end of 2023[28] - The bank's core Tier 1 capital adequacy ratio improved to 10.25%, up from 9.91% at the end of 2023[28] - The cost-to-income ratio for the first quarter of 2024 was 22.46%, a significant improvement from 31.70% in 2023[28] Loan and Deposit Activity - The net increase in loans and advances was CNY (5,757,913) thousand, compared to CNY (5,385,749) thousand in the previous year, indicating a decline in lending activity[133] - Net increase in deposits reached CNY 5,920,097 thousand, a decrease of 69.7% compared to CNY 19,531,422 thousand in the same period last year[97] - The total amount of loans and advances issued was RMB 259,780,046 thousand, with a total of RMB 4,677,660 thousand classified as non-performing loans[60] Non-Performing Loans and Asset Quality - The non-performing loan ratio remained stable at 1.80%, slightly down from 1.81% in the previous quarter[28] - The bank's non-performing loan ratio stood at 1.80% as of March 31, 2024, slightly down from 1.81% as of December 31, 2023[60] Shareholder Information - The total number of common shareholders at the end of the reporting period was 92,041[62] - The top two shareholders, Qingdao Guoxin Development Group and Qingdao Urban Construction Investment Group, held 9.08% and 9.05% of shares, respectively[62]