SRCB(SH:601825)2025-04-24 14:15Financial Performance - The operating revenue for Q1 2025 was RMB 6,560,097, a decrease of 7.41% compared to RMB 7,084,730 in Q1 2024[5] - The net profit attributable to shareholders of the parent company was RMB 3,564,170, reflecting a slight increase of 0.34% from RMB 3,551,958 in the same period last year[5] - The net cash flow from operating activities decreased by 39.94% to RMB 17,774,795 from RMB 29,594,890 in Q1 2024[5] - The annualized weighted average return on net assets decreased to 11.46% from 12.37% in the previous year[5] - The company reported a basic earnings per share of RMB 0.37, consistent with the previous year[5] - The company achieved operating revenue of RMB 6.56 billion, a year-on-year decrease of 7.41%, while net profit attributable to shareholders was RMB 3.564 billion, a slight increase of 0.34%[22] - The company reported a decrease in total operating income for the first quarter of 2025, which was RMB 6,560,097 thousand, compared to RMB 7,084,730 thousand in the same period of 2024, reflecting a decline of approximately 7.4%[58] - The company’s other comprehensive income for the first quarter of 2025 was a loss of RMB 2,532,369 thousand, compared to a gain of RMB 1,280,778 thousand in the first quarter of 2024[61] - The basic and diluted earnings per share for the first quarter of 2025 remained stable at RMB 0.37, unchanged from the same period in 2024[61] Assets and Liabilities - The total assets as of March 31, 2025, reached RMB 1,539,928,922, representing a growth of 3.50% from RMB 1,487,809,495 at the end of 2024[11] - The total liabilities increased by 3.75% to RMB 1,410,839,211 from RMB 1,359,827,664 at the end of 2024[11] - The company's equity attributable to shareholders as of March 31, 2025, was RMB 124,868,211 thousand, slightly up from RMB 123,836,410 thousand as of December 31, 2024[52] - Total liabilities as of March 31, 2025, were RMB 1,410,839,211 thousand, an increase from RMB 1,359,827,664 thousand at the end of 2024, marking a growth of about 3.7%[52] Loan and Credit Performance - The non-performing loan ratio remained stable at 0.97% as of March 31, 2025, unchanged from the end of 2024[17] - The non-performing loan balance was RMB 7.482 billion, with a non-performing loan ratio of 0.97%, remaining stable compared to the end of the previous year[24] - The company’s personal loan balance (excluding credit cards) was RMB 192.32 billion, a decrease of RMB 1.09 billion or 0.56% from the end of the previous year[27] - The company’s corporate loan balance was RMB 504.01 billion, an increase of RMB 14.32 billion or 2.93% year-on-year[29] - The balance of loans to technology-based enterprises was CNY 120.228 billion, an increase of CNY 5.243 billion, or 4.56% year-on-year[35] - The number of technology-based enterprise loan customers rose to 4,484, an increase of 206 customers, or 4.82%[36] - The company’s inclusive small and micro loans balance reached CNY 88.674 billion, an increase of 2.39% compared to the end of the previous year[34] - The number of inclusive small and micro loan customers increased to 53,000, up by 100 from the previous year[34] Capital and Funding - The core tier 1 capital adequacy ratio was 14.36%, down from 14.73% at the end of 2024[14] - The company's core Tier 1 capital adequacy ratio was 14.36%, meeting regulatory requirements[24] - The company issued 19 debt financing instruments, achieving an underwriting scale of RMB 5.161 billion during the reporting period[31] Investment and Cash Flow - Cash inflow from investment activities totaled CNY 40,534,082, up 32% from CNY 30,764,162 in the previous year[68] - The net cash outflow from investment activities was CNY 16,766,421, which is a 77% increase compared to CNY 9,429,601 in 2024[68] - Cash inflow from financing activities was CNY 21,244,934, significantly higher than CNY 8,802,620 in the same quarter of 2024[68] - The net cash flow from financing activities was CNY 2,516,744, recovering from a net outflow of CNY 6,184,971 in the previous year[68] - The total cash and cash equivalents at the end of the period reached CNY 37,777,150, compared to CNY 43,200,942 at the end of the same period in 2024[68] - The cash received from investment recoveries was CNY 37,209,377, an increase of 33% from CNY 27,875,168 in 2024[68] - The company issued bonds and interbank certificates of deposit, generating cash inflow of CNY 21,244,934, which is a significant increase from the previous year's CNY 8,802,620[68] - The impact of exchange rate changes on cash and cash equivalents was a positive CNY 6,317, compared to a negative impact of CNY (51,884) in the previous year[68] Customer and Market Engagement - The company's retail financial assets (AUM) amounted to RMB 816.35 billion, up RMB 21.03 billion or 2.64% year-on-year, with the number of personal customers increasing by 297,400 to 25.03 million[25] - The company launched 1,013 "Heart Home" public service stations, conducting over 4,000 activities during the reporting period[28] - The company has completed the recognition of 282 credit villages and 10 credit towns, enhancing its rural financial service coverage[34] Sustainability and Innovation - The balance of green credit reached CNY 488.419 billion, growing by 4.84% from the previous year[38] - The company issued its first sustainable development-linked loan to an airline, supporting low-carbon transformation in the aviation sector[39] - The balance of green leasing reached CNY 519.399 billion, an increase of 23.04% year-on-year[39] - The company aims to become the most green development-oriented bank in the Yangtze River Delta region over the next three years[39] - The company received multiple awards for its contributions to intellectual property finance and innovation in Shanghai[37]