SPD BANK(SH:600000)2022-04-27 16:00Financial Performance - Net profit attributable to shareholders of the parent company rose by 3.70% to RMB 19,388 million year-on-year[2] - Operating income for the first quarter was RMB 50,002 million, reflecting a 0.97% increase from the same period last year[2] - The company's core Tier 1 capital adequacy ratio stood at 9.54%, showing a steady increase[12] - The company's non-interest income was 15.5 billion yuan, with net fee and commission income contributing 8.325 billion yuan[11] - The total equity attributable to shareholders of the parent company was RMB 687,338 million, an increase of 2.00% from RMB 670,007 million at the end of 2021[31] - The group's net profit for Q1 2022 was RMB 19,597 million, representing a 3.93% increase from RMB 18,857 million in Q1 2021[33] Asset and Liability Management - Total assets increased by 3.52% to RMB 8,423,074 million compared to the end of the previous year[2] - Total liabilities increased to RMB 7.727 trillion yuan, reflecting a growth of 3.60% year-on-year[11] - The total amount of credit assets classified as normal is RMB 4,673,866 million, accounting for 96.25% of total credit assets[26] - The total assets of the company reached RMB 8,423,074 million as of March 31, 2022, an increase from RMB 8,136,757 million at the end of 2021[30] Loan and Credit Quality - The non-performing loan ratio decreased to 1.58%, down by 0.03 percentage points from the previous year[3] - Non-performing loan balance was 76.511 billion yuan, a decrease of 3.18 billion yuan compared to the previous year[12] - The loan provision coverage ratio is reported at 144.80%, above the required minimum of 130%[25] - The company has a loan provision ratio of 2.23%, which is above the regulatory minimum of 1.8%[25] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -RMB 274,764 million, which is not applicable for year-on-year comparison[4] - The liquidity coverage ratio stood at 109.21%, with qualified liquid assets of RMB 751.717 billion against net cash outflows of RMB 688.348 billion[24] - The cash inflow from operating activities totaled RMB 333,411 million in Q1 2022, a significant increase from RMB 195,305 million in Q1 2021[35] - The cash outflow from operating activities was RMB 608,175 million in Q1 2022, compared to RMB 325,010 million in Q1 2021[35] Customer and Market Position - The total number of common shareholders was 222,729 at the end of the reporting period[5] - The total number of retail customers reached 140 million, with managed personal financial assets (AUM) amounting to RMB 3.78 trillion, and mobile banking monthly active users (MAU) exceeding 20 million[15] - Loan balance in the Yangtze River Delta region reached 1.51 trillion yuan, maintaining the leading position among peers[14] Capital and Financing - The total capital amounted to RMB 848.854 billion, with core Tier 1 capital at RMB 581.293 billion[21] - The company underwrote debt financing tools totaling RMB 114.8 billion, ranking among the top in the market, with a total balance of domestic and foreign merger loans reaching RMB 134.2 billion[15] - The company issued a total of RMB 300 billion in financial bonds in January 2022, with a fixed interest rate of 2.69% for the first tranche[27] Other Financial Metrics - The average return on total assets was 0.24%, and the fully diluted return on equity was 3.23%[20] - The weighted average return on equity decreased to 3.28%, down by 0.07 percentage points year-on-year[2] - The cost-to-income ratio increased to 23.38%, up by 0.80 percentage points compared to the same period last year[2] - The group's credit impairment losses were RMB 14,704 million, a decrease from RMB 15,254 million in Q1 2021, indicating improved asset quality[32]