Bank Of Jiangsu(SH:600919)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 5,225,412, representing a year-on-year growth of 22.79%[4] - Operating income for the quarter was CNY 15,338,919, reflecting a 17.06% increase from the same period last year[4] - Basic earnings per share decreased by 18.92% to CNY 0.30 compared to the previous year[5] - The bank's operating profit increased by 39.75% to CNY 6,590,516, driven by higher operating income outpacing the increase in expenses[13] - The net profit for the first quarter of 2021 reached RMB 5,394,274 thousand, an increase from RMB 4,378,040 thousand in the same period of 2020, representing a growth of 23.2%[30] - The total operating income for the group was RMB 15,338,919 thousand, compared to the previous year's figure which was not disclosed, indicating a significant increase[30] - The group reported a total operating profit of RMB 6,590,516 thousand, an increase from RMB 4,715,833 thousand in the same period of 2020, marking a growth of 39.7%[30] - The total comprehensive income for the group was RMB 5,599,799 thousand, compared to RMB 5,254,035 thousand in the previous year, reflecting an increase of 6.6%[31] Asset and Liability Management - Total assets reached CNY 2,504,781,678, an increase of 7.14% compared to the end of the previous year[4] - The total liabilities of the group amounted to RMB 2,317,563,198 thousand as of March 31, 2021, compared to RMB 2,155,813,641 thousand at the end of 2020, indicating an increase of about 7.5%[28] - The total equity attributable to shareholders of the parent company was RMB 182,708,684 thousand as of March 31, 2021, up from RMB 178,037,739 thousand at the end of 2020, reflecting a growth of approximately 3.8%[29] - The expected liabilities increased by 56.34% to CNY 1,032,783, indicating a rise in anticipated financial obligations[12] Income Sources - The net interest income increased by 34.32% to CNY 10,936,781, driven by business expansion and improved interest margins[12] - Commission and fee income rose by 50.11% to CNY 1,883,644, reflecting an increase in service fees[12] - The total investment income for the group was RMB 1,828,572 thousand, down from RMB 2,618,063 thousand year-on-year, reflecting a decrease of 30.2%[30] Cash Flow and Liquidity - Net cash flow from operating activities was CNY 87,121,728, up 59.74% year-on-year[4] - The liquidity coverage ratio stood at 219.11%, indicating a strong liquidity position[20] - The cash flow from operating activities for the group was RMB 87,121,728 thousand, compared to RMB 54,538,573 thousand in the same period of 2020, showing an increase of 59.7%[32] - The cash inflow from financing activities was RMB 84,428,216, an increase of 30% compared to RMB 64,710,336 in the same period last year[34] - The total cash outflow from financing activities was RMB (86,610,964), up from RMB (57,732,497) year-on-year, representing an increase of approximately 50%[34] - The net cash flow from financing activities was RMB (2,182,748), a decline from a positive cash flow of RMB 6,977,839 in the same period last year[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 155,692[7] - Major shareholders included Jiangsu International Trust Co., Ltd. with an 8.17% stake and Jiangsu Phoenix Publishing & Media Group Co., Ltd. with an 8.11% stake[7] Risk Management - The non-performing loan ratio decreased to 1.24% from 1.32%, reflecting improved asset quality[23] - The group's non-performing loan ratio remained stable, reflecting effective risk management strategies in place[27] Future Outlook - The group plans to continue expanding its market presence and enhance its product offerings in the upcoming quarters[27] - The group is focusing on technological advancements and new product development to drive future growth[27]