渝农商行(601077) - 2021 Q1 - 季度财报

Financial Performance - Net profit for Q1 2021 was RMB 3,300.9 million, reflecting a 4.98% increase from RMB 3,144.3 million in Q1 2020[4] - Operating income for the first quarter of 2021 reached RMB 7,487 million, up 7.42% from RMB 6,969.6 million in the same period last year[4] - In Q1 2021, the company achieved a net profit of 3.301 billion yuan, representing a year-on-year growth of 4.98%[13] - The net profit for Q1 2021 was RMB 277.9 million, representing a 79.17% increase compared to RMB 155.1 million in Q1 2020[19] - The total comprehensive income for Q1 2021 was RMB 3,361,768 thousand, slightly down from RMB 3,393,789 thousand in Q1 2020[24] - The basic and diluted earnings per share for Q1 2021 were RMB 0.29, compared to RMB 0.27 in Q1 2020[24] Assets and Liabilities - Total assets increased by 4.80% to RMB 1,190,434 million as of March 31, 2021, compared to RMB 1,135,926.5 million at the end of 2020[4] - The total liabilities increased by 4.91% to RMB 1,092,440.1 million from RMB 1,041,294.4 million at the end of 2020[4] - The bank's total equity increased to RMB 97,993.85 million, up from RMB 94,632.08 million, reflecting a growth of 3.73%[22] - The bank's total assets increased, with customer deposits and interbank placements rising by RMB 32,985,356 thousand in Q1 2021[26] Customer Loans and Deposits - Customer loans and advances rose by 6.05% to RMB 538,615.4 million from RMB 507,885.9 million year-over-year[4] - The bank's total customer deposits grew by 6.40% to RMB 771,388 million from RMB 724,999.8 million at the end of 2020[4] - Customer loans and advances totaled RMB 538.615 billion, increasing by 6.05% from the end of the previous year[13] Income and Expenses - Net interest income reached 6.527 billion yuan, up 9.51% year-on-year, while net commission income decreased by 13.66% to 587 million yuan[13] - Business and management expenses rose to 1.955 billion yuan, an increase of 11.70% year-on-year[13] - The bank's commission and fee expenses increased by 47.31% to RMB (27.4) million, compared to RMB (18.6) million in the same period last year, mainly due to increased fees from card business[19] Cash Flow - The net cash flow from operating activities decreased significantly by 59.68% to RMB 16,668.2 million compared to RMB 41,336 million in Q1 2020[4] - The bank's investment activities resulted in a net cash outflow of RMB 15,877,026 thousand, compared to RMB 6,443,930 thousand in the previous year[26] Capital Adequacy and Liquidity - The core Tier 1 capital adequacy ratio was 12.01% as of March 31, 2021, compared to 11.96% at the end of 2020[10] - The liquidity coverage ratio stood at 216.68% as of March 31, 2021, indicating strong liquidity position[12] Non-Performing Loans - The non-performing loan balance was 6.940 billion yuan, with a non-performing loan ratio of 1.29%, down 0.02 percentage points from the end of the previous year[14] Investment Income - Investment income surged by 79.17% to 277.9 million RMB from 155.1 million RMB year-on-year, mainly due to increased fund investment dividends[46] - The bank's investment income for Q1 2021 was RMB 277,878 thousand, compared to RMB 155,148 thousand in Q1 2020, indicating strong growth in this area[24]