渝农商行(601077) - 2023 Q1 - 季度财报

Financial Performance - Net profit for Q1 2023 was RMB 4,013.7 million, representing a 9.35% increase from the same period in 2022[6] - Net profit attributable to shareholders was RMB 3,951.4 million, up 9.18% year-over-year[6] - Basic and diluted earnings per share increased to RMB 0.35, a rise of 9.38% compared to Q1 2022[6] - The group's operating revenue for Q1 2023 was CNY 7.339 billion, a decrease of 3.26% year-on-year, with net interest income at CNY 6.077 billion and net fee and commission income at CNY 0.522 billion[20] - Business and management expenses increased by 17.35% year-on-year to CNY 2.424 billion, with the cost-to-income ratio rising by 5.80 percentage points to 33.02%[20] - Net profit for Q1 2023 was CNY 4,013,725 thousand, compared to CNY 3,670,599 thousand in Q1 2022, reflecting an increase of about 9.3%[35] - Total operating revenue for Q1 2023 was CNY 6,703,268, a decrease of 3.25% from CNY 6,928,809 in Q1 2022[46] - Net profit for Q1 2023 was CNY 3,665,721, up 11.6% from CNY 3,284,024 in Q1 2022[46] Asset and Liability Management - Total assets as of March 31, 2023, reached RMB 1,431,953.4 million, an increase of 5.92% compared to the end of 2022[6] - Total customer loans and advances amounted to RMB 664,664.4 million, reflecting a growth of 5.06% year-over-year[6] - The total liabilities amounted to CNY 13,129.73 billion, increasing by CNY 761.28 billion or 6.16% from the end of the previous year[21] - Total assets increased to CNY 1,431,953,429 thousand as of March 31, 2023, up from CNY 1,351,861,116 thousand at the end of 2022, representing a growth of approximately 5.9%[31] - Customer loans and advances totaled CNY 6,646.64 billion, up CNY 319.87 billion or 5.06% from the end of the previous year[20] - The total liabilities reached CNY 1,312,973,312 thousand as of March 31, 2023, compared to CNY 1,236,844,964 thousand at the end of 2022, marking an increase of approximately 6.1%[32] - Total liabilities rose to CNY 1,247,656,229, an increase from CNY 1,179,284,995 at the end of 2022, marking a growth of 5.79%[43] Capital and Liquidity Ratios - The annualized return on average total assets was 1.17%, up 0.01 percentage points from the previous year[6] - The core tier 1 capital adequacy ratio stood at 12.84% as of March 31, 2023, down from 13.10% at the end of 2022[12] - The leverage ratio was 8.12% as of March 31, 2023, compared to 8.27% at the end of 2022[16] - The liquidity coverage ratio was 298.57% as of March 31, 2023, indicating strong liquidity position[18] - The provision coverage ratio stood at 349.62%, down by 8.12 percentage points compared to the end of the previous year[21] Customer Deposits and Loans - The total customer deposits increased to RMB 898,761.6 million, marking an 8.95% growth from the end of 2022[6] - Customer deposits rose to CNY 8,987.62 billion, an increase of CNY 738.15 billion or 8.95% year-on-year[21] - The company reported a net increase in loans and advances to customers of ¥24,177,428 thousand in Q1 2023, compared to an increase of ¥18,832,769 thousand in Q1 2022, indicating a growth of 28.5%[50] Investment Income and Cash Flow - The company’s investment income decreased to CNY 464,183 thousand in Q1 2023 from CNY 660,272 thousand in Q1 2022, a decline of about 29.7%[35] - The bank's investment income decreased to CNY 519,213 from CNY 660,050, a decline of 21.4% year-over-year[46] - The net cash flow from operating activities for Q1 2023 was CNY 38,170,881 thousand, down from CNY 53,626,999 thousand in Q1 2022, a decrease of approximately 29.0%[39] - Net cash flow from operating activities decreased to ¥37,456,835 thousand in Q1 2023 from ¥51,102,285 thousand in Q1 2022, a decline of approximately 26.6%[50] - Cash inflow from investment activities totaled ¥67,956,324 thousand in Q1 2023, down from ¥70,518,554 thousand in Q1 2022, a decrease of about 3.6%[51] - Cash inflow from financing activities rose to ¥40,241,625 thousand in Q1 2023, up from ¥29,478,427 thousand in Q1 2022, marking an increase of 36.4%[51]