HZBank(SH:600926)2023-04-27 16:00Financial Performance - The total operating income for Q1 2023 was RMB 9,430,545 thousand, representing a 7.55% increase compared to RMB 8,768,702 thousand in Q1 2022[4] - The net profit attributable to shareholders for Q1 2023 was RMB 4,238,616 thousand, reflecting a significant increase of 28.11% from RMB 3,308,704 thousand in the same period last year[4] - Basic earnings per share for Q1 2023 were RMB 0.67, up 31.37% from RMB 0.51 in Q1 2022[8] - The net profit after deducting non-recurring gains and losses for Q1 2023 was RMB 4,174,220 thousand, which is a 28.97% increase from RMB 3,236,652 thousand in Q1 2022[5] - The comprehensive income totalled RMB 4,640,977 thousand, compared to RMB 3,173,415 thousand in the previous year, marking an increase of 46.2%[33] - The total profit before tax was RMB 4,879,815 thousand, an increase of 30.8% from RMB 3,725,774 thousand in the same quarter last year[32] Cash Flow - The net cash flow from operating activities reached RMB 6,719,130 thousand, a remarkable turnaround from a negative cash flow of RMB -16,891,267 thousand in Q1 2022, marking a 139.78% increase[5] - The cash flow from operating activities totaled RMB 83,673,734 thousand, compared to RMB 62,331,952 thousand in Q1 2022, indicating a year-over-year increase of 34.3%[39] - The total cash outflow from operating activities was RMB 76,963,310 thousand, slightly down from RMB 79,225,509 thousand in Q1 2022[39] - The net cash flow from investment activities was negative at RMB (15,178,414) thousand, worsening from a negative RMB (3,810,039) thousand in the previous year[40] - The net cash flow from financing activities was RMB 26,849,650 thousand, an increase from RMB 25,249,626 thousand in the same quarter last year[40] Assets and Liabilities - The total assets as of March 31, 2023, amounted to RMB 1,696,126,260 thousand, which is a 4.92% increase from RMB 1,616,538,051 thousand at the end of 2022[5] - Total liabilities amounted to RMB 1,593,199 million, up from RMB 1,517,965 million at the end of 2022[13] - The total equity of shareholders increased to RMB 102,927,262 thousand, up 4.52% from RMB 98,573,225 thousand at the end of 2022[27] - The bank's loans and advances stood at RMB 719,082,276 thousand, representing a year-on-year increase of 6.92% from RMB 672,634,596 thousand[26] Deposits and Loans - Total deposits increased to RMB 1,003,342 million, compared to RMB 928,084 million at the end of 2022[13] - The total loan amount as of March 31, 2023, was RMB 750,340 million, an increase from RMB 702,203 million at the end of 2022[21] - The net increase in customer deposits and interbank placements was RMB 42,293,874 thousand, compared to RMB 29,528,374 thousand in the same period last year, indicating a significant increase of 43.0%[36] Asset Quality - The non-performing loan ratio stood at 0.76%, a slight decrease from 0.77% at the end of 2022[13] - The coverage ratio for loan loss provisions was 568.68% as of March 31, 2023, compared to 565.10% at the end of 2022[13] - The bank's non-performing loan ratio remained stable, with a focus on maintaining asset quality amid market expansion efforts[29] - The bank maintained a provision coverage ratio for non-performing loans of 568.68%, an increase of 3.58 percentage points from the end of the previous year[22] Strategic Initiatives - The bank plans to enhance its market presence through strategic investments and potential acquisitions in the coming quarters[29] - The bank's focus on digital transformation and new technology development is expected to drive future growth and operational efficiency[29]