NJBK(SH:601009)2022-04-15 16:00Financial Performance - The company's operating income for Q1 2022 was CNY 12,276,579, representing a year-on-year increase of 20.39% compared to CNY 10,197,536 in Q1 2021[4] - Net profit attributable to shareholders of the listed company reached CNY 5,014,591, up 22.33% from CNY 4,099,212 in the same period last year[4] - Basic earnings per share increased to CNY 0.50, up 21.95% from CNY 0.41 in the previous year[4] - The net profit attributable to shareholders for the first quarter reached 5.015 billion yuan, an increase of 9.15 billion yuan year-on-year, representing a growth rate of 22.33%[21] - Net profit for the first quarter of 2022 was CNY 5,032,749, an increase of 21.9% compared to CNY 4,129,745 in the same period of 2021[44] - Operating revenue for Q1 2022 was RMB 12.277 billion, up RMB 2.079 billion or 20.39% year-over-year[20] Cash Flow - The net cash flow from operating activities was negative at CNY -12,930,476, a decrease of 127.80% compared to CNY 46,512,565 in Q1 2021[4] - The net cash flow from financing activities was 50,308,530 thousand RMB, a substantial increase from 1,657,210 thousand RMB in the previous year, showing a growth of over 2,900%[45] - The total cash and cash equivalents at the end of the period reached 43,794,407 thousand RMB, compared to 29,514,283 thousand RMB at the end of Q1 2021, marking an increase of approximately 48.4%[45] - The cash inflow from investment activities totaled 324,946,740 thousand RMB, an increase from 271,753,159 thousand RMB year-over-year, reflecting a growth of about 19.6%[45] - The net cash flow from investment activities was a negative 17,661,573 thousand RMB, an improvement from a negative 44,846,063 thousand RMB in the same period last year[45] Assets and Liabilities - Total assets as of March 31, 2022, were CNY 1,882,609,453, reflecting a year-on-year growth of 7.64%[4] - Total liabilities amounted to RMB 1,755.175 billion, up RMB 128.793 billion or 7.92% year-to-date[19] - The total assets reached 1,882.609 billion yuan as of March 31, 2022, compared to 1,748.947 billion yuan at the end of 2021[31] - The bank's total liabilities increased to CNY 1,755,174,705 as of March 31, 2022, from CNY 1,626,381,955 at the end of 2021, marking a growth of approximately 7.9%[43] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 79,593[8] - The top three shareholders included BNP Paribas with 1,392,721,067 shares (13.91%), Nanjing Zijin Investment Group with 1,262,531,949 shares (12.61%), and Nanjing Gaoke Co., Ltd. with 1,001,702,465 shares (10.00%)[8] Investment and Loans - Investment income surged to CNY 3,115,390, marking a significant increase of 334.99% year-on-year[7] - Total loans reached RMB 873.552 billion, an increase of RMB 83.230 billion or 10.53% from the beginning of the year[19] - The total loan amount was 873.552 billion yuan, with corporate loans at 631.221 billion yuan and retail loans at 242.332 billion yuan[31] - The company provided 409.12 billion yuan to high-end manufacturing and quality private enterprises, and agricultural loans increased by over 22 billion yuan, up over 19%[25] Risk Management - The non-performing loan ratio stood at 0.90%, down 0.01 percentage points from the beginning of the year, while the provision coverage ratio increased to 398.41%, up 1.07 percentage points[22] - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies[44] - The migration rate for normal loans decreased to 0.30% as of March 31, 2022, from 1.28% at the end of 2021[34] Business Strategy - The company is focused on enhancing customer marketing and optimizing business structure to drive growth[18] - The company aims to accelerate the transformation of its business segments and achieve high-quality development[18] - The company plans to increase its branch network to over 300 by the end of 2023, adding 100 branches since the end of 2020[28] - The acquisition of a 41% stake in Suning Consumer Finance has been initiated, increasing the company's ownership from 15% to 56% upon completion[30] Operational Efficiency - The cost-to-income ratio improved to 23.78% in Q1 2022, down from 26.50% in the previous quarter[37] - The leverage ratio was 5.53% as of March 31, 2022, compared to 5.78% at the end of 2021[38] - The liquidity coverage ratio was 231.73% as of March 31, 2022, indicating a strong liquidity position[40] - The net stable funding ratio was 115.74% as of March 31, 2022, reflecting a stable funding structure[41]