宁波银行(002142) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 increased by 5.78% to 17,509 million RMB compared to the same period last year[3] - Net profit attributable to shareholders rose by 6.29% to 7,013 million RMB year-over-year[3] - Net profit attributable to parent company shareholders reached 7.013 billion yuan, a year-on-year increase of 6.29%[21] - Total operating income was 17.509 billion yuan, up 5.78% year-on-year[21] - Revenue for the first quarter of 2024 reached RMB 17,509 million, a 5.8% increase compared to RMB 16,553 million in the same period last year[26] - Net profit attributable to shareholders of the parent company for Q1 2024 was RMB 7,013 million, a 6.3% increase from RMB 6,598 million in Q1 2023[26] - Total comprehensive income for Q1 2024 was RMB 9,000 million, a 33.1% increase compared to RMB 6,761 million in Q1 2023[26] - Basic earnings per share for Q1 2024 were RMB 1.06, up 6% from RMB 1.00 in Q1 2023[27] Asset and Liability Management - Total assets grew by 6.51% to 2,888,206 million RMB as of March 31, 2024[5] - Total assets amounted to 2,888.206 billion yuan, an increase of 6.51% from the beginning of the year[21] - Total liabilities amounted to 2,676.996 billion yuan[24] - Total equity attributable to parent company shareholders was 210.175 billion yuan[25] - Customer loans and advances increased by 8.73% to 1,362,110 million RMB compared to the end of 2023[5] - Total customer loans increased by RMB 109.392 billion to RMB 1,362.110 billion as of March 31, 2024 compared to December 31, 2023[14] - Total loans reached 1,362.110 billion yuan, up 8.73% from the beginning of the year[21] - Customer deposits surged by 16.20% to 1,819,988 million RMB year-to-date[5] - Total deposits were 1,819.988 billion yuan, a 16.20% increase from the beginning of the year[21] - Customer deposits and interbank deposits increased by RMB 241,110 million in Q1 2024, compared to RMB 285,141 million in Q1 2023[28] - Loan loss provisions increased by RMB 788 million to RMB 44.585 billion as of March 31, 2024 compared to December 31, 2023[15] Capital and Liquidity Ratios - Capital adequacy ratio stood at 14.26% as of March 31, 2024, meeting the regulatory requirement of ≥10.75%[9][11] - Core tier 1 capital adequacy ratio was 9.26% as of March 31, 2024, above the regulatory minimum of 7.75%[9][11] - Liquidity coverage ratio reached 240.04% as of March 31, 2024, significantly exceeding the regulatory requirement of ≥100%[9][13] - Leverage ratio decreased to 5.54% as of March 31, 2024 from 6.00% as of December 31, 2023[12] - Cost-to-income ratio improved to 31.53% as of March 31, 2024 from 38.99% as of December 31, 2023[9] Asset Quality - Non-performing loan ratio remained stable at 0.76% as of March 31, 2024, well below the regulatory threshold of ≤5%[9] - Provision coverage ratio was 431.63% as of March 31, 2024, far above the regulatory minimum of ≥150%[9] - Non-performing loan ratio remained stable at 0.76%[21] - Provision coverage ratio stood at 431.63%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 166,638[17] - Ningbo Development Investment Group holds 18.74% of shares, totaling 1,237,489,845 shares[17] - Overseas Chinese Bank Limited holds 18.69% of shares, totaling 1,233,993,375 shares[17] - Youngor Fashion Co., Ltd. holds 10.00% of shares, totaling 660,360,057 shares[17] - Hong Kong Securities Clearing Company holds 3.90% of shares, totaling 257,819,012 shares[17] - Total number of preferred shareholders at the end of the reporting period is 35[19] - Huabao Trust Co., Ltd. holds 21.18% of preferred shares, totaling 31,450,000 shares[19] - Everbright Securities Asset Management holds 10.10% of preferred shares, totaling 15,000,000 shares[19] - Ping An Life Insurance Co., Ltd. holds 9.45% of preferred shares, totaling 14,040,000 shares[19] - Jiangsu International Trust Co., Ltd. holds 6.71% of preferred shares, totaling 9,960,000 shares[19] - Major shareholder Yager Fashion increased its stake by 42,670,934 shares, representing 0.65% of total shares[22] Financial Assets and Investments - Fair value changes in financial assets increased by 120.89% to 698 million RMB due to higher precious metal valuations[8] - Repurchase agreements (buying back financial assets) soared by 322.19% to 39,057 million RMB[8] - Other assets expanded by 202.92% to 17,742 million RMB due to increased clearing funds[8] - Other comprehensive income rose by 33.91% to 7,768 million RMB driven by bond valuation gains[8] - Net interest income for Q1 2024 was RMB 11,502 million, up 12.2% from RMB 10,253 million in Q1 2023[26] - Net interest margin (annualized) was 1.90% as of March 31, 2024, down from 1.88% as of December 31, 2023[9] Cash Flow - Net cash flow from operating activities in Q1 2024 was RMB 95,445 million, a 34.8% decrease from RMB 146,356 million in Q1 2023[28] - Investment activities resulted in a net cash outflow of RMB 33,018 million in Q1 2024, compared to RMB 37,723 million in Q1 2023[28] - Financing activities resulted in a net cash outflow of RMB 30,330 million in Q1 2024, a 61.4% decrease from RMB 78,692 million in Q1 2023[28] - The beginning cash and cash equivalents balance for the first quarter of 2024 was 57,227 million[29] - The ending cash and cash equivalents balance for the first quarter of 2024 was 89,298 million[29] Return on Equity - Weighted average ROE (annualized) decreased by 1.39 percentage points to 15.51%[3]