华夏银行(600015) - 2025 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2025 was RMB 18,194 million, a decrease of 17.73% year-on-year[1] - Net profit attributable to shareholders was RMB 5,063 million, down 14.04% compared to the same period last year[1] - Basic earnings per share were RMB 0.32, a decrease of 13.51% compared to the same period last year[1] - Net profit for the first quarter of 2025 was RMB 5,172 million, a decrease of 13.8% compared to RMB 6,006 million in the same period of 2024[27] - Interest income for the first quarter of 2025 was RMB 34,502 million, down from RMB 38,260 million in the first quarter of 2024, reflecting a decline of 4.6%[27] - The net interest income for the first quarter of 2025 was RMB 15,545 million, slightly lower than RMB 15,960 million in the first quarter of 2024, indicating a decrease of 2.6%[27] - The total comprehensive income for the group was RMB 3,143 million, compared to RMB 7,594 million in the previous year, indicating a decrease of approximately 58.7%[28] Assets and Liabilities - Total assets increased to RMB 4,521,199 million, reflecting a growth of 3.31% from the end of the previous year[4] - The total liabilities of Huaxia Bank amounted to RMB 4,152,372 million as of March 31, 2025, compared to RMB 4,010,807 million at the end of 2024, marking an increase of 3.5%[25] - The bank's total equity reached RMB 368,827 million as of March 31, 2025, up from RMB 365,684 million at the end of 2024, reflecting a growth of 0.6%[25] Loans and Credit Quality - The total loan amount reached RMB 24,749,780 million, an increase of 4.59% from the end of 2024[8] - The non-performing loan ratio was 1.61%, up 0.01 percentage points from the end of the previous year[4] - Normal loans amount to 2,371,515 million RMB, representing 95.82% of total loans as of March 31, 2025[16] - Non-performing loans total 39,878 million RMB, accounting for 1.61% of total loans as of March 31, 2025[16] - The bank's non-performing loan ratio remained stable, with credit impairment losses recorded at RMB 5,708 million for the first quarter of 2025, down from RMB 6,779 million in the same period of 2024[27] Cash Flow and Investments - Operating cash flow for Q1 2025 was RMB 36,743 million, a significant increase of 37.57% year-on-year[4] - The net cash flow from operating activities was RMB 36,743 million, an increase of 37.5% from RMB 26,709 million year-over-year[30] - The net cash flow from investing activities was negative RMB 24,655 million, worsening from a negative RMB 15,853 million in the previous year[30] - The net cash flow from financing activities was negative RMB 24,286 million, compared to a positive RMB 939 million in the same period last year[31] - The cash received from investment recoveries was RMB 564,743 million, up from RMB 375,645 million, representing an increase of approximately 50.3%[30] - The cash paid for investment activities was RMB 599,070 million, compared to RMB 398,414 million, indicating a significant increase of about 50.4%[31] - The cash and cash equivalents at the end of the period were RMB 86,523 million, down from RMB 113,731 million, a decrease of approximately 23.9%[31] Shareholder Information - Total number of common stock shareholders reached 78,813[10] - The top shareholder, Shougang Group Co., Ltd., holds 21.68% of shares, totaling 3,449,730,597 shares[10] Ratios and Coverage - The capital adequacy ratio as of March 31, 2025, is 13.09%, down from 13.44% as of December 31, 2024[15] - The liquidity coverage ratio as of March 31, 2025, is 142.66%, compared to 149.16% as of December 31, 2024[14] - The core tier 1 capital adequacy ratio is 9.57% as of March 31, 2025, down from 9.77% as of December 31, 2024[15] - The loan-to-deposit ratio is 93.05% as of March 31, 2025, up from 92.17% as of December 31, 2024[18] - The bank's leverage ratio is 6.86% as of March 31, 2025, slightly down from 6.95% as of December 31, 2024[15] - The provision coverage ratio decreased to 156.85%, down 5.04 percentage points from the end of 2024[4] - The bank's commission and fee income increased to RMB 3,002 million in the first quarter of 2025, compared to RMB 2,777 million in the same period of 2024, representing a growth of 8.1%[27] - The bank's investment income for the first quarter of 2025 was RMB 2,300 million, a decrease from RMB 2,483 million in the first quarter of 2024, indicating a decline of 7.4%[27] - The bank's other income, including asset disposal gains, totaled RMB 1,092 million in the first quarter of 2025, compared to RMB 950 million in the same period of 2024, reflecting an increase of 14.9%[27]