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浙商银行(02016) - 2023 Q1 - 季度业绩
CZBANKCZBANK(HK:02016)2023-04-25 12:16

Financial Performance - Operating income for Q1 2023 was RMB 15,792 million, representing a year-on-year increase of 2.46% from RMB 15,413 million in Q1 2022[5] - Net profit attributable to shareholders for Q1 2023 was RMB 5,625 million, up 9.91% from RMB 5,118 million in the same period last year[5] - The total comprehensive income for Q1 2023 was RMB 5,123 million, a slight increase from RMB 5,033 million in Q1 2022, representing a growth of 1.79%[23] - Basic and diluted earnings per share for Q1 2023 were RMB 0.26, up from RMB 0.20 in Q1 2022, indicating a 30% increase[23] - The net profit before tax for Q1 2023 was RMB 7,131 million, an increase from RMB 6,124 million in Q1 2022, showing a growth of 16.49%[28] Asset and Liability Management - As of March 31, 2023, total assets reached RMB 2,746,969 million, an increase of 4.77% compared to RMB 2,621,930 million at the end of 2022[4] - The total liabilities as of March 31, 2023, amounted to RMB 2,575,916 million, up from RMB 2,456,000 million as of December 31, 2022, marking an increase of 4.85%[25] - The total equity attributable to shareholders as of March 31, 2023, was RMB 167,943 million, an increase from RMB 162,933 million as of December 31, 2022, representing a growth of 3.07%[25] Loan and Deposit Activity - The total loans and advances amounted to RMB 1,594,669 million, reflecting a growth of 4.57% from RMB 1,525,030 million at the end of 2022[4] - The net increase in customer deposits for Q1 2023 was RMB 28,337 million, a significant decrease compared to RMB 97,174 million in Q1 2022[28] - The non-performing loan balance was RMB 22.907 billion, an increase of RMB 0.554 billion, or 2.48% compared to the end of the previous year[16] - The non-performing loan ratio was 1.44%, a decrease of 0.03 percentage points compared to the end of the previous year[16] Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio as of March 31, 2023, was 8.04%, slightly down from 8.05% at the end of 2022[7] - The capital adequacy ratio stood at 11.49%, a decrease of 0.11 percentage points from the end of the previous year[16] - The return on average equity (annualized) for Q1 2023 was 16.02%, an increase of 0.48 percentage points from 15.54% in Q1 2022[5] - The cost-to-income ratio for Q1 2023 was 29.10%, an increase of 5.26 percentage points compared to 23.84% in Q1 2022[5] Cash Flow Analysis - The net cash flow from operating activities for Q1 2023 was (RMB 38,022 million), a significant decrease of 178.64% compared to RMB 48,348 million in Q1 2022[5] - The net cash used in operating activities for Q1 2023 was RMB 38,022 million, contrasting with a net cash inflow of RMB 48,348 million in Q1 2022[29] - Cash flow from investment activities showed a net outflow of (44,540) in 2023 compared to (38,556) in 2022, indicating an increase in investment expenditures[30] - Cash flow from financing activities resulted in a net inflow of 50,099 in 2023, up from 38,547 in 2022, primarily due to increased bond issuance[30] Investment and Financial Performance - The net interest income was RMB 11.746 billion, an increase of RMB 0.248 billion, or 2.16% year-on-year[21] - The allowance for expected credit losses in Q1 2023 was RMB 3,894 million, down from RMB 5,455 million in Q1 2022, indicating a decrease of 28.66%[28] - Cash received from investment income rose to 7,299 in 2023 from 6,704 in 2022, showing a positive trend in investment returns[30] - Cash received from the recovery of investments surged to 653,018 in 2023, compared to 334,542 in 2022, indicating strong asset recovery efforts[30]