SPD BANK(SH:600000)2016-04-29 16:00Financial Performance - Net profit attributable to shareholders of the parent company rose by 24.37% to RMB 13,922 million year-on-year[3] - Operating revenue for the first quarter increased by 27.89% to RMB 42,191 million compared to the same period last year[3] - Basic earnings per share increased by 16.00% to RMB 0.696 compared to the same period last year[4] - Net profit for the first quarter of 2016 was RMB 14,035 million, up from RMB 11,309 million in the same period of 2015, reflecting a year-on-year increase of about 24.06%[33] - The bank's operating income for the first quarter of 2016 was RMB 42,191 million, up from RMB 32,991 million in the first quarter of 2015, which is an increase of approximately 28.00%[33] - The bank's fee and commission income for the first quarter of 2016 was RMB 12,060 million, significantly higher than RMB 7,247 million in the same quarter of 2015, reflecting a growth of approximately 66.00%[33] - The net income from fees and commissions increased by 67.60% to RMB 11,618 million compared to RMB 6,932 million in the same period last year[15] Asset and Liability Management - Total assets increased by 3.64% to RMB 5,227,980 million compared to the end of the previous year[3] - The bank's total liabilities amounted to RMB 4,879,630 million as of March 31, 2016, compared to RMB 4,725,752 million at the end of 2015, marking an increase of about 3.25%[30] - Total deposits increased to RMB 3,001,159 million, compared to RMB 2,954,149 million at the end of 2015, marking a growth of 1.59%[20] - The total loan amount rose to RMB 2,342,499 million, up from RMB 2,245,518 million, reflecting an increase of 4.31%[20] - The total issued debt securities increased by 50.24% to RMB 600,816 million from RMB 399,906 million due to the issuance of green financial bonds[14] Capital and Equity - The total equity attributable to shareholders of the parent company increased to RMB 343,620 million as of March 31, 2016, from RMB 315,170 million at the end of 2015, indicating a growth of approximately 9.00%[30] - The company’s minority interests rose by 37.90% to RMB 4,730 million as a result of the acquisition of Shanghai Trust[14] - The bank's total capital increased to RMB 434,999 million as of March 31, 2016, compared to RMB 440,581 million at the end of 2015[22] Cash Flow Analysis - The net cash flow from operating activities for the first quarter was negative at RMB -101,580 million, compared to RMB -81,389 million in the previous year[3] - The total cash inflow from investment activities was RMB 507,517 million, down from RMB 670,811 million in the first quarter of 2015, representing a decrease of about 24.3%[38] - The net cash flow from financing activities was RMB 195,004 million, significantly higher than RMB 47,890 million in the first quarter of 2015, showing an increase of approximately 307.5%[38] - The total cash and cash equivalents at the end of the first quarter of 2016 stood at RMB 254,385 million, compared to RMB 164,750 million at the end of the first quarter of 2015, reflecting an increase of about 54.4%[38] Acquisition and Goodwill - The company completed the acquisition of 97.33% of Shanghai Trust, resulting in an increase in total ordinary shares to 19,652,981,747[5] - The company completed the acquisition of Shanghai Trust, resulting in goodwill of RMB 6,981 million[14] - The company issued 999,510,332 new ordinary shares as part of the acquisition financing[5] Risk and Capital Adequacy - The non-performing loan (NPL) ratio was 1.60%, slightly up from 1.56% at the end of 2015[20] - The core Tier 1 capital adequacy ratio was 8.37%, compared to 8.48% at the end of 2015, indicating a decrease of 0.11 percentage points[22] - The total capital adequacy ratio was 11.89%, down from 12.23% at the end of 2015[26] - The bank's leverage ratio improved to 5.33%, up from 5.24% at the end of 2015[24] - The bank's capital adequacy ratio stood at 12.5% as of March 31, 2016, maintaining a stable position compared to previous periods[29] Investment Income - Investment income rose significantly by 169.36% to RMB 1,969 million from RMB 731 million year-on-year[15] - The fair value changes resulted in a profit of RMB 41 million, a recovery from a loss of RMB 132 million in the previous year[15]