QILU BANK(SH:601665)2025-04-25 11:30Financial Performance - Net profit for the first quarter was RMB 1.36 billion, representing a year-on-year growth of 15.69%[3] - Operating income for the quarter was RMB 3.17 billion, up 4.72% from the same period last year[3] - Basic earnings per share rose to RMB 0.26, reflecting an 18.18% increase year-on-year[3] - The weighted average return on equity (annualized) was 12.52%, an increase of 0.27 percentage points compared to the previous year[3] - Total operating income for Q1 2025 reached CNY 3,165,053 thousand, an increase of 4.73% compared to CNY 3,022,280 thousand in Q1 2024[31] - Net interest income rose to CNY 2,390,629 thousand, up 7.88% from CNY 2,215,817 thousand year-over-year[31] - Net profit for Q1 2025 was CNY 1,364,286 thousand, representing a 15.63% increase from CNY 1,179,235 thousand in Q1 2024[31] - Basic earnings per share for Q1 2025 were CNY 0.26, up from CNY 0.22 in Q1 2024[32] - Net profit for Q1 2025 was CNY 1,377,056 thousand, compared to CNY 1,149,810 thousand in Q1 2024, marking a significant increase of 19.8%[37] Asset and Liability Management - Total assets reached RMB 716.40 billion, an increase of 3.90% compared to the end of the previous year[12] - The bank's total liabilities increased to CNY 668,134,438 thousand, up from CNY 641,204,233 thousand, reflecting a growth of 4.83%[30] - The total assets amount to 716,396,975 thousand RMB as of March 31, 2025, an increase from 689,539,360 thousand RMB at the end of 2024[29] - The bank's total equity increased to 48,177,566 thousand RMB as of March 31, 2025, from 48,208,799 thousand RMB at the end of 2024[19] - The bank's total equity as of March 31, 2025, was CNY 47,447,019 thousand, slightly down from CNY 47,471,621 thousand[36] - The bank's total assets reached CNY 716,396,975 thousand, compared to CNY 689,539,360 thousand, indicating a growth of 3.67%[30] - The total liabilities increased to CNY 654,496,906 thousand from CNY 626,995,695 thousand, reflecting a growth of 4.4%[36] Loan and Deposit Growth - The loan total increased to RMB 357.67 billion, a growth of 6.09% compared to the end of the previous year[12] - Customer deposits totaled RMB 462.47 billion, an increase of 5.22% from the end of the previous year[12] - The loan classification shows normal loans at 349,802,655 thousand RMB, accounting for 97.80% of total loans, compared to 97.74% in the previous year[25] - Customer deposits and interbank deposits net increase amounted to CNY 19,583,475 thousand, significantly higher than CNY 5,601,831 thousand in the same period last year[33] - The net increase in customer loans and advances was ¥20,579,761 thousand in Q1 2025, compared to ¥17,158,584 thousand in Q1 2024, suggesting robust lending growth[39] - Customer deposits and interbank placements increased by ¥19,667,759 thousand in Q1 2025, compared to an increase of ¥5,028,487 thousand in Q1 2024, indicating strong growth in customer trust[39] Cash Flow and Liquidity - The bank's cash flow from operating activities was RMB 8.24 billion, a significant improvement from a negative cash flow of RMB 1.50 billion in the same period last year[3] - The net cash flow from operating activities was CNY 8,240,702 thousand, a substantial improvement from a negative CNY 1,498,385 thousand in Q1 2024[33] - The net cash flow from financing activities was CNY 4,860,794 thousand, compared to CNY 4,509,613 thousand in the previous period, indicating a growth of 7.8%[34] - The net cash flow from financing activities showed a net inflow of ¥4,863,631 thousand in Q1 2025, slightly up from ¥4,513,132 thousand in Q1 2024, reflecting stable financing operations[40] - The liquidity coverage ratio stands at 224.72% as of March 31, 2025, down from 277.90% at the end of 2024[23] - The net stable funding ratio is 139.34% as of March 31, 2025, compared to 140.68% at the end of 2024[21] Investment Activities - The bank's investment activities generated cash inflows of CNY 35,242,288 thousand, compared to CNY 33,524,993 thousand in the previous year[33] - The bank's investment activities generated a net cash outflow of CNY 16,775,003 thousand, worsening from a net outflow of CNY 7,827,035 thousand[34] - The net cash flow from investment activities was -¥16,771,137 thousand in Q1 2025, worsening from -¥7,825,159 thousand in Q1 2024, reflecting increased investment outflows[40] - The total cash outflow from investment activities was ¥52,013,402 thousand in Q1 2025, compared to ¥41,350,152 thousand in Q1 2024, indicating increased investment expenditures[40] Shareholder Information - The top ten shareholders hold a combined 56.67% of the total shares, with the largest shareholder being Commonwealth Bank of Australia at 15.43%[26] - The cumulative amount of convertible bonds converted to common stock is 1,395,536,000 RMB, resulting in an increase of 254,194,733 shares[27] Other Comprehensive Income - Other comprehensive income after tax for Q1 2025 was CNY -1,281,812 thousand, a decline from CNY 293,091 thousand in Q1 2024[32] - The bank's other comprehensive income showed a significant decline, with a net loss of CNY 1,281,812 thousand compared to a gain of CNY 293,091 thousand in the previous year[37]