NJBK(SH:601009)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 12,953,215 thousand, representing a year-on-year increase of 5.51% compared to RMB 12,276,579 thousand in Q1 2022[4] - Net profit attributable to shareholders was RMB 5,426,811 thousand, an increase of 8.22% from RMB 5,014,591 thousand in the same period last year[4] - The basic earnings per share (EPS) rose to RMB 0.52, up 4.00% from RMB 0.50 in Q1 2022[4] - The company achieved a return on total assets of 1.03% for Q1 2023, compared to 1.00% for the previous quarter[27] - The bank's return on equity (ROE) for Q1 2023 was 3.30%, compared to 3.18% in Q1 2022, indicating improved profitability[32] Asset and Liability Management - Total assets as of March 31, 2023, were RMB 2,148,464,490 thousand, reflecting a 4.32% increase from RMB 2,059,483,739 thousand at the end of 2022[6] - The company's total liabilities amounted to CNY 1,983.690 billion, up CNY 81.905 billion or 4.31% year-to-date[15] - The total loan amount reached 1,024.008 billion RMB as of March 31, 2023, compared to 945.913 billion RMB at the end of 2022[26] - The capital adequacy ratio was reported at 14.00% as of March 31, 2023, slightly down from 14.31% at the end of 2022[27] - The leverage ratio was reported at 6.14% as of March 31, 2023, slightly down from 6.19% at the end of 2022[29] Investment and Income - Investment income surged by 84.27% to RMB 5,740,736 thousand, compared to RMB 3,113,000 thousand in Q1 2022[7] - The net interest income for Q1 2023 was CNY 7,229,243, up from CNY 6,898,254 in Q1 2022, indicating a growth of 4.81%[32] - The company’s commission and fee income decreased by 39.71% to RMB 1,273,724 thousand, compared to RMB 2,113,000 thousand in Q1 2022[7] Shareholder and Equity Information - The number of ordinary shareholders at the end of the reporting period was 96,393[10] - The company reported a significant increase in minority shareholders' equity, which rose by 105.84% to RMB 2,969,583 thousand[9] Cash Flow and Liquidity - The company’s cash flow from operating activities per share was RMB 6.25, a substantial increase from RMB -1.29 in the same period last year, marking a 584.50% change[4] - Net cash flow from operating activities for Q1 2023 was RMB 64,661,421 thousand, a significant improvement from a net outflow of RMB 12,930,476 thousand in Q1 2022[33] - The liquidity coverage ratio stood at 235.58% as of March 31, 2023, indicating strong liquidity position[29] Branch Expansion and Market Presence - The company established 25 new branches in Jiangsu province and 2 branches outside the province in 2022, totaling 27 new branches[21] - As of the end of Q1 2023, the total number of branches reached 254, achieving full coverage of county-level branches in Jiangsu province[21] - The company opened multiple new branches in early 2023, including branches in Xiangshui, Nanjing, and Beijing, enhancing its market presence[22][23][24] Loan and Deposit Information - The balance of corporate loans reached CNY 750.497 billion, an increase of CNY 75.754 billion from the beginning of the year[18] - Retail customer AUM (Assets Under Management) grew to CNY 674.092 billion, an increase of CNY 53.144 billion or 8.56%[20] - Personal deposit balance rose to CNY 387.406 billion, up CNY 64.080 billion or 19.82%[20] - The total deposits increased by CNY 141.597 billion, representing an 11.44% growth, reaching CNY 1,379.628 billion[15] Non-Performing Loans and Risk Management - The non-performing loan ratio remained stable at 0.90%, with a provision coverage ratio of 392.36%[17] - The loan loss provision was reported at 36.132 billion RMB as of March 31, 2023, up from 33.826 billion RMB at the end of 2022[26] - The bank's non-performing loan (NPL) ratio was not explicitly stated but is a critical metric for assessing asset quality[29] Future Outlook - The bank plans to continue expanding its market presence and enhancing its product offerings in the upcoming quarters[30]