NJBK(SH:601009)2017-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 15.78% year-on-year, amounting to CNY 2,453,408,000[6] - Basic earnings per share rose by 14.29% to CNY 0.40[6] - Net profit for Q1 2017 was CNY 2,478,607 thousand, an increase of 15.9% compared to CNY 2,137,882 thousand in Q1 2016[42] - Net profit for Q1 2017 increased to CNY 2,403,407, representing a growth of 15.3% compared to CNY 2,084,118 in Q1 2016[45] Asset and Equity Growth - Total assets increased by 5.51% year-on-year, reaching CNY 1,122,565,661,000 at the end of the reporting period[6] - The company’s total equity increased by 3.21% year-on-year, reaching CNY 64,378,198,000[6] - The bank's equity attributable to shareholders increased to CNY 63,896,799 thousand from CNY 61,921,540 thousand, reflecting a growth of 3.2%[35] Income and Revenue - Operating income decreased by 20.61% year-on-year, totaling CNY 6,230,537,000[6] - Operating income for Q1 2017 was CNY 6,068,230, a decrease of 21.3% compared to CNY 7,708,254 in Q1 2016[45] - Net interest income decreased to CNY 5,078,143 thousand in Q1 2017 from CNY 5,927,720 thousand in Q1 2016, a decline of 14.4%[42] - Net interest income decreased to CNY 5,003,874, down 14.6% from CNY 5,859,334 in the same period last year[45] Cash Flow - Net cash flow from operating activities was negative at CNY -18,695,118,000, a decline of 141.64% compared to the previous year[6] - Cash flow from operating activities showed a net outflow of CNY 18,695,118, compared to a net inflow of CNY 44,900,523 in Q1 2016[48] - Cash inflow from investment activities totaled ¥196,733,255 thousand, while cash outflow was ¥205,260,577 thousand, resulting in a net cash flow of ¥(8,527,322) thousand[51] Liabilities and Borrowings - Total liabilities reached CNY 1,058,187,463 thousand, an increase from CNY 1,001,522,044 thousand at the end of 2016, representing a growth of 5.6%[35] - Borrowings from the central bank increased by 32.04% to CNY 41,090,000, reflecting a higher reliance on central bank funding[16] - The bank's interbank borrowing surged by 336.70% to CNY 12,564,263, indicating increased borrowing from domestic banks[16] Asset Quality - The non-performing loan ratio stood at 0.87% as of March 31, 2017, consistent with the previous period, indicating stable asset quality[31] - The bank's loan and advance to customers rose to CNY 333,196,559 thousand, up from CNY 318,542,775 thousand, reflecting a growth of 4.1%[35] - The bank's other comprehensive income showed a significant decline, with a loss of CNY 478,188 thousand in Q1 2017 compared to a loss of CNY 210,783 thousand in Q1 2016[42] Market Expansion - The bank opened several new branches in January and March 2017, including the Jianhu branch on January 10 and the Xinhua branch on January 16[17][19] - The bank has received approvals for the establishment of additional branches, enhancing its market expansion strategy[19] Financial Ratios - The capital adequacy ratio was reported at 13.38% as of March 31, 2017, exceeding the regulatory requirement of 8%[28] - The core tier 1 capital adequacy ratio was 8.14% as of March 31, 2017, slightly down from 8.18% at the end of 2016[28] - The bank's leverage ratio was reported at 5.03% as of March 31, 2017, down from 5.21% at the end of 2016, indicating a slight increase in leverage[27] Other Financial Metrics - Weighted average return on equity increased by 0.23 percentage points to 4.63%[6] - The bank's return on assets (ROA) was 0.90% as of March 31, 2017, compared to 0.88% at the end of 2016, showing a slight improvement in efficiency[28] - The cost-to-income ratio improved to 27.01% in Q1 2017 from 24.80% in the same period last year, reflecting better operational efficiency[29]