SPD BANK(SH:600000)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 20.30% to RMB 10,710 million year-on-year[4] - Operating income rose by 25.40% to RMB 27,602 million compared to the same period last year[4] - The total operating income for the first quarter of 2014 was RMB 27,602 million, an increase of 25.5% compared to RMB 22,011 million in the same period of 2013[30] - Net interest income rose to RMB 21,642 million, up 16.5% from RMB 18,524 million year-on-year[30] - The bank's total profit before tax was RMB 14,069 million, an increase of 20.7% from RMB 11,652 million in the first quarter of 2013[30] - The total comprehensive income for the first quarter was RMB 12,422 million, up 32.1% from RMB 9,399 million in the first quarter of 2013[30] Asset and Liability Management - Total assets increased by 1.64% to RMB 3,740,500 million compared to the end of the previous year[4] - The company’s total liabilities amounted to RMB 3,482,062 million, reflecting a slight increase from RMB 3,440,075 million[24] - Total deposits reached RMB 2,547,605 million, an increase from RMB 2,419,696 million[9] - The liquidity ratio for the company was 33.32% as of March 31, 2014, exceeding the regulatory standard of 25%[15] - The loan-to-deposit ratio stood at 70.70%, which is within the regulatory limit of 75%[15] Shareholder Information - The number of shareholders at the end of the reporting period was 516,985[7] - The company plans to distribute a cash dividend of RMB 6.6 per 410 shares for the 2013 fiscal year, pending shareholder approval[21] - The company’s equity attributable to shareholders increased to RMB 216,699 million as of March 31, 2014, up from RMB 204,375 million at the end of 2013[25] Credit Quality and Risk - The non-performing loan ratio increased to 0.77% from 0.74% at the end of the previous year[9] - The non-performing loan ratio was 0.10% for loss category loans, indicating a stable credit quality[17] - The company recovered RMB 75 million from previously written-off loans during the reporting period[6] Cash Flow and Investment - Net cash flow from operating activities decreased significantly by 179.21% to RMB (79,549) million[4] - Cash flow from operating activities showed a net outflow of RMB 79,549 million, compared to a net inflow of RMB 100,422 million in the first quarter of 2013[33] - The cash and cash equivalents at the end of the period were RMB 169,313 million, down from RMB 197,886 million at the end of the first quarter of 2013[34] - Investment activities resulted in a net cash outflow of RMB 15,697 million, compared to a net outflow of RMB 193,450 million in the same period last year[33] Income Sources - The net income from fees and commissions increased by 71.68% to RMB 5,013 million, attributed to an optimized income structure[19] - The company experienced a 252.42% decline in investment income, reporting a loss of RMB 346 million due to bond and precious metal trading losses[19]