NJBK(SH:601009)2015-04-27 16:00Financial Performance - Operating income for the first quarter was CNY 5,064,037, representing a growth of 47.86% year-on-year[6]. - Net profit attributable to shareholders was CNY 1,773,447, up 24.91% from the same period last year[6]. - Basic earnings per share increased to CNY 0.60, a rise of 25.00% compared to the previous year[6]. - Net profit for Q1 2015 reached RMB 1,790,266 thousand, a 25.1% increase compared to RMB 1,431,661 thousand in Q1 2014[32]. - Operating income for Q1 2015 reached RMB 4,957,155 thousand, a 47.5% increase from RMB 3,357,458 thousand in Q1 2014[34]. - Net profit for Q1 2015 was RMB 1,746,551 thousand, representing a 23.8% increase compared to RMB 1,410,589 thousand in Q1 2014[34]. - Basic and diluted earnings per share increased to RMB 0.59, up from RMB 0.48 in the same period last year[34]. Asset and Liability Management - Total assets reached CNY 662,295,689, an increase of 15.55% compared to the previous year[6]. - The bank's total liabilities increased to RMB 627,997,108 thousand as of March 31, 2015, compared to RMB 540,366,394 thousand at the end of 2014, reflecting a growth of 16.2%[28]. - Total deposits increased to RMB 438,120,881 thousand as of March 31, 2015, up from RMB 368,328,882 thousand at the end of 2014, representing a growth of 18.9%[17]. - Customer deposits reached RMB 438,120,881 thousand, an increase of 18.9% from RMB 368,328,882 thousand at the end of 2014[28]. - Total loans reached RMB 186,994,544 thousand, an increase from RMB 174,685,206 thousand, reflecting a growth of 7.5%[24]. Capital Adequacy and Risk Management - Core Tier 1 capital adequacy ratio was reported at 7.84%, slightly down from 8.22% at the end of 2014[21]. - The capital adequacy ratio stood at 10.84%, compared to 11.42% at the end of 2014, indicating a decrease in capital buffer[21]. - The coverage ratio for loan loss provisions was reported at 342.95%, up from 334.34% at the end of 2014, reflecting stronger risk management[22]. - The bank's non-performing loan (NPL) ratio remained stable at 0.95% as of March 31, 2015, consistent with the previous quarter[22]. - The bank's non-performing loan ratio remains stable, reflecting effective risk management strategies[32]. Income Sources and Revenue Structure - Significant increase in fee and commission income by 89.69% to CNY 850,021, reflecting improved revenue structure[13]. - The bank's investment income rose by 69.81% to CNY 186,740, driven by increased trading margins[13]. - Net interest income rose to RMB 4,184,312 thousand in Q1 2015, up from RMB 2,873,450 thousand in Q1 2014, marking a growth of 45.6%[32]. - Net interest income rose to RMB 4,118,944 thousand, up 46.4% from RMB 2,811,615 thousand year-over-year[34]. - The bank's investment income increased to RMB 186,740 thousand in Q1 2015, compared to RMB 109,968 thousand in Q1 2014, representing a growth of 69.5%[32]. Operational Efficiency - The weighted average return on equity improved to 5.34%, an increase of 0.18 percentage points year-on-year[6]. - The cost-to-income ratio improved to 21.82%, down from 24.87% at the end of 2014, indicating better operational efficiency[22]. - The bank's leverage ratio was reported at 4.1% as of March 31, 2015, down from 4.62% at the end of 2014, indicating a tighter capital structure[20]. Market Presence and Future Plans - The bank opened several new branches, including Lianyungang Branch and multiple micro-branches in Nanjing, enhancing market presence[14]. - The bank plans to expand its market presence and enhance its product offerings in the coming quarters to drive further growth[32].