NJBK(SH:601009)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders was RMB 1.42 billion, reflecting a year-on-year growth of 19.13%[6] - Basic earnings per share stood at RMB 0.48, up 20.00% from the same period last year[6] - Net profit for the first quarter of 2014 was RMB 1.43 billion, up from RMB 1.20 billion in the same period of 2013, reflecting a year-over-year increase of about 19.1%[30] - Basic earnings per share for Q1 2014 were RMB 0.48, compared to RMB 0.40 in Q1 2013, representing a growth of 20.0%[30] - The bank's total operating income for Q1 2014 was RMB 3.42 billion, an increase from RMB 2.50 billion in Q1 2013, which is a rise of approximately 37.0%[30] - The bank's other comprehensive income for Q1 2014 was RMB 446.06 million, compared to RMB 128.17 million in Q1 2013, indicating a significant increase of about 248.0%[30] Asset and Liability Management - Total assets reached RMB 504.16 billion, an increase of 16.15% compared to the previous year[6] - The bank's total liabilities as of March 31, 2014, were RMB 470.07 billion, up from RMB 402.01 billion at the end of 2013, indicating an increase of approximately 16.9%[27] - Total deposits amounted to RMB 317.09 billion, up from RMB 260.15 billion last year[14] - The total assets of Nanjing Bank as of March 31, 2014, reached RMB 498.43 billion, an increase from RMB 428.51 billion as of December 31, 2013, representing a growth of approximately 16.3%[27] Capital Adequacy and Risk Management - The core capital adequacy ratio decreased to 8.78% from 10.70% year-on-year[15] - Core Tier 1 capital reached CNY 28,682,180,000, up from CNY 28,358,789,000[17] - The total risk-weighted assets increased to CNY 316,416,361,000 from CNY 312,180,933,000[17] - The Core Tier 1 capital adequacy ratio improved to 9.03% from 8.96%[17] - The capital adequacy ratio stood at 10.64%, down from 11.80%[19] - Non-performing loan ratio remained stable at 0.89%[21] - The provision coverage ratio was reported at 304.43%[21] Income and Cash Flow - Net cash flow from operating activities was RMB 37.33 billion, representing a 19.86% increase year-on-year[6] - Cash inflow from operating activities totaled ¥76.17 billion, compared to ¥56.26 billion in Q1 2013, marking an increase of about 35%[37] - Net cash flow from operating activities was ¥37.47 billion, an increase from ¥32.12 billion year-over-year, reflecting a growth of around 16%[37] - The net cash and cash equivalents decreased by ¥1.15 billion, compared to a decrease of ¥2.83 billion in the same quarter last year[37] - The balance of cash and cash equivalents at the end of the period was ¥12.36 billion, up from ¥8.43 billion year-over-year[37] Growth in Interest Income - The bank's interest income grew by 46.67% to RMB 6.65 billion, driven by an increase in interest-earning assets[11] - Interest income for Q1 2014 was RMB 6.65 billion, compared to RMB 4.53 billion in Q1 2013, marking a growth of approximately 46.8%[30] - The net interest income for the first quarter of 2014 was RMB 2.87 billion, an increase from RMB 2.16 billion in Q1 2013, which is a rise of about 33.0%[30] - The net interest margin improved to 2.45%, up from 2.30%[19] Branch Expansion - The bank opened three new branches in Suzhou, Hangzhou, and Beijing during the quarter[12]