NJBK(SH:601009)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 2,119,020 thousand, representing a year-on-year growth of 19.49%[5] - Operating income for the quarter was CNY 7,848,192 thousand, up 54.98% from the same period last year[5] - Basic earnings per share increased to CNY 0.63, a rise of 5.00% compared to the previous year[5] - The company reported a basic earnings per share after deducting non-recurring gains and losses of CNY 0.63, up 6.78% year-on-year[5] - Net profit for Q1 2016 reached RMB 2,137,882 thousand, a 19.4% increase compared to RMB 1,790,266 thousand in Q1 2015[35] - Net profit for Q1 2016 was RMB 2,084,118 thousand, representing a 19.4% increase compared to RMB 1,746,551 thousand in Q1 2015[37] - The total comprehensive income for Q1 2016 was RMB 1,872,830 thousand, compared to RMB 1,471,079 thousand in Q1 2015[37] Asset and Liability Growth - Total assets reached CNY 966,741,928 thousand, an increase of 20.09% compared to the previous year[5] - The bank's total liabilities increased to RMB 912,400,905 thousand as of March 31, 2016, compared to RMB 752,606,315 thousand at the end of 2015, marking an increase of approximately 21.2%[31] - The bank's total equity increased to CNY 54,341,023 thousand, a growth of 3.68% compared to the previous year[5] - The total amount of interbank deposits reached CNY 41,833,691 thousand, an increase of 51.33% compared to the previous year[12] - The bank's total assets increased significantly, with other assets rising by 156.44% to CNY 3,319,341 thousand, reflecting an increase in pending settlement amounts[12] - Customer deposits grew to RMB 630,682,560 thousand as of March 31, 2016, up from RMB 504,197,106 thousand at the end of 2015, indicating a growth of 25%[31] Income and Revenue Sources - Net interest income rose to RMB 5,927,720 thousand in Q1 2016, up from RMB 4,184,312 thousand in Q1 2015, reflecting a growth of 41.7%[35] - The income from fees and commissions rose by 79.89% to CNY 1,529,083 thousand, showing significant growth in service income[13] - Investment income surged by 139.2% to CNY 446,678 thousand, driven by increased trading margins[13] - Operating revenue for Q1 2016 reached RMB 7,708,254 thousand, a 55.8% increase from RMB 4,957,155 thousand in Q1 2015[37] Shareholder Information - The total number of shareholders reached 83,999 by the end of the reporting period[8] - The largest shareholder, BNP Paribas, held 14.87% of the shares, totaling 500,590,267 shares[8] - The company aims to enhance the efficiency of fund management and usage to mitigate the dilution of shareholder returns from non-public offerings[18] - The company has committed to a stable and reasonable profit distribution policy to protect the rights of shareholders, especially minority shareholders[18] Risk Management and Capital Adequacy - The non-performing loan (NPL) ratio stood at 0.85% as of March 31, 2016, slightly up from 0.84% at the end of 2015[28] - The capital adequacy ratio was reported at 13.15%, maintaining above the regulatory requirement of 8%[25] - The core tier 1 capital adequacy ratio was 8.21%, compared to 8.80% at the end of 2015[25] - The loan loss provision coverage ratio was 447.33%, indicating strong coverage for potential loan losses[28] Operational Developments - The bank opened several new branches, including Xuzhou Branch on January 26, 2016, and Nanjing Puzhu Road Branch on January 27, 2016, expanding its market presence[14][16] - The bank plans to continue expanding its market presence and enhancing its product offerings in the coming quarters[35]