SPD BANK(SH:600000)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders of the parent company rose by 7.70% to RMB 18,697 million year-on-year[2] - Total profit amounted to 22.307 billion RMB, representing a year-on-year growth of 7.73%[11] - Basic earnings per share increased by 8.93% to RMB 0.61[2] - The total operating income for Q1 2021 was RMB 49,522 million, a decrease of 10.4% compared to RMB 55,424 million in Q1 2020[30] - The net interest income was RMB 33,672 million, a slight decrease from RMB 36,637 million in Q1 2020[30] - The bank's fee and commission income was RMB 10,730 million, down from RMB 11,955 million in Q1 2020[30] - The bank's credit impairment losses decreased to RMB 15,254 million from RMB 23,450 million in Q1 2020, indicating improved asset quality[30] - The bank's other comprehensive income after tax was RMB 114 million, significantly lower than RMB 5,053 million in the same period last year[32] Asset and Liability Management - Total assets increased by 1.47% to RMB 8,066,995 million compared to the end of the previous year[2] - Total liabilities increased by 99.129 billion RMB to 7,403.530 billion RMB, a growth of 1.36%[11] - The total amount of loans in both domestic and foreign currencies rose by 162.645 billion RMB to 4,696.618 billion RMB, marking a 3.59% increase[11] - The total deposits in both domestic and foreign currencies rose by 114.741 billion RMB to 4,191.225 billion RMB, reflecting a growth of 2.81%[11] - The bank's equity attributable to shareholders reached RMB 655,689 million, compared to RMB 638,197 million, reflecting an increase of 2.45%[29] Loan and Credit Quality - The non-performing loan ratio improved to 1.66%, down by 0.07 percentage points from the previous year[3] - The non-performing loan balance decreased by 3.04 billion RMB to 78.157 billion RMB, with a non-performing loan ratio of 1.66%, down by 0.07 percentage points[11] - The ratio of loan impairment provisions to non-performing loans increased to 154.28%, up by 1.51 percentage points[3] - The company maintained a provision coverage ratio of 154.28%, which is an increase of 1.51 percentage points from the previous year[11] - Non-performing loans classified as "normal" amount to RMB 4,500,163 million, representing 95.82% of total loans, with a year-over-year increase of 3.73%[20] Cash Flow and Investment Activities - Net cash flow from operating activities was negative at RMB -129,705 million, a decline of 240.41% year-on-year[2] - The cash flow from operating activities showed a net outflow of RMB 129,705 million, compared to a net inflow of RMB 92,378 million in Q1 2020[35] - The total cash inflow from investment activities was RMB 567,722 million, an increase from RMB 400,604 million in the same period last year[37] - Net cash flow from financing activities increased by 242.94% to RMB 64,421 million, driven by bond issuance[24] - Cash inflow from financing activities amounted to $463,039 thousand, up from $356,232 thousand year-over-year[39] Capital Adequacy and Ratios - The capital adequacy ratio was 14.42%, with a core Tier 1 capital ratio of 9.50%[15] - Capital adequacy ratio stands at 14.14%, above the regulatory minimum of 10.5%[19] - The company's core Tier 1 capital adequacy ratio is 9.16%, above the minimum requirement of 7.5%[19] - The leverage ratio for the group was 7.04%, an increase of 0.07 percentage points from the end of 2020[16] - The liquidity coverage ratio stood at 115.02%, indicating strong liquidity position[18] Government Support and Initiatives - The company received RMB 65 million in government subsidies during the reporting period[4] - The company launched the "Pufa Zhuoxin" wealth management brand, focusing on intelligent and professional wealth management services[13] Regional Performance - In the Yangtze River Delta region, the company reported a loan balance of 1.45 trillion RMB and a deposit balance of 1.72 trillion RMB, leading among joint-stock commercial banks[11] Investment Income - Investment income decreased by 33.24% to RMB 3,187 million due to reduced returns related to precious metals[23]