SPD BANK(SH:600000)2017-04-26 16:00Financial Performance - Net profit attributable to shareholders of the parent company rose by 3.88% to RMB 14,462 million year-on-year[3]. - Operating income for the period was RMB 42,360 million, reflecting a 0.40% increase from the same period last year[3]. - The total comprehensive income for the first quarter was RMB 13,124 million, compared to RMB 12,384 million in the first quarter of 2016, reflecting an increase of 6.0%[40]. - Investment income for Q1 2017 was RMB 3,669 million, an increase of 86.34% compared to RMB 1,969 million in Q1 2016[18]. - The net profit attributable to shareholders of the parent company was RMB 14,462 million, up from RMB 13,922 million in the first quarter of 2016, indicating a growth of 3.9%[38]. Assets and Liabilities - Total assets increased by 0.55% to RMB 5,889,663 million compared to the end of the previous year[3]. - Total liabilities increased to RMB 5,504,392 million from RMB 5,484,329 million, reflecting a growth of 0.37%[21]. - Total deposits reached RMB 3,097,527 million, up from RMB 3,002,015 million, marking an increase of 3.16%[21]. - Total loans amounted to RMB 2,934,867 million, an increase from RMB 2,762,806 million, representing a growth of 6.20%[21]. - The total equity attributable to shareholders of the parent company increased to RMB 380,061 million as of March 31, 2017, compared to RMB 367,947 million at the end of 2016, a growth of 3.0%[36]. Cash Flow - The net cash flow from operating activities was negative at RMB -200,970 million, compared to RMB -101,580 million in the previous year[3]. - Customer deposits and interbank deposits net increase amounted to RMB 26,251 million during the first quarter of 2017[43]. - The cash inflow from financing activities totaled $355,278 thousand, an increase from $202,282 thousand in the previous period, reflecting a growth of 75.6%[44]. - The net cash flow from financing activities was $18,663 thousand, compared to $195,004 thousand in the previous period, indicating a significant decrease[44]. - The ending balance of cash and cash equivalents was $144,133 thousand, down from $254,385 thousand in the previous period, representing a decrease of 43.3%[44]. Shareholder Information - The number of ordinary shares remained unchanged at 21,618 million shares[3]. - The total number of ordinary shareholders was 173,130 at the end of the reporting period[9]. - The top ten shareholders held a combined 66.78% of the total shares, with Shanghai International Group holding the largest share at 19.53%[9]. - The company paid a dividend of RMB 825 million for the preferred shares during the reporting period[4]. Capital Adequacy and Ratios - The core Tier 1 capital adequacy ratio is 8.72%, compared to 8.53% at the end of 2016[26]. - The company's capital adequacy ratio is 11.50%, exceeding the regulatory minimum requirement of 10.1%[29]. - The group's Tier 1 capital adequacy ratio is 9.23%, up from 9.02% at the end of 2016[29]. - The liquidity coverage ratio is 85.89%, with qualified liquid assets amounting to RMB 384,896 million and net cash outflows of RMB 448,138 million[28]. - The group's leverage ratio at the end of the reporting period is 5.64%, an increase of 0.17 percentage points compared to the end of 2016[25]. Market and Operational Metrics - The weighted average return on net assets decreased by 0.54 percentage points to 3.96%[3]. - The average return on total assets for Q1 2017 was 0.25%, down from 0.27% in Q1 2016[21]. - The bank's interest expenses rose to RMB 32,146 million from RMB 27,831 million year-on-year, marking an increase of 15.0%[38]. - The company's single largest customer loan ratio is 1.53%, well below the regulatory limit of 10%[29]. - The non-performing loan ratio slightly increased to 1.92% from 1.89%[21].