XIANMEN BANK(SH:601187)2023-04-27 16:00Deposits and Liabilities - Total deposits increased from 199,324,811 to 204,869,727, representing a growth of approximately 2.77%[2] - The company's deposits rose from 107,471,465 to 115,075,825, marking an increase of about 7.48%[2] - The total liabilities decreased from 346,464,169 to 339,748,271, a reduction of approximately 1.96%[7] - The total amount of deposits absorbed by the company as of March 31, 2023, was RMB 199.325 billion, which showed a decrease compared to the previous year-end[47] Profit and Earnings - Net profit attributable to shareholders increased from 627,107 to 721,071, reflecting a growth of 14.98% year-over-year[18] - Basic earnings per share rose from 0.21 to 0.25, an increase of 19.05% compared to the same period last year[18] - Net profit for Q1 2023 reached RMB 741,640 thousand, an increase from RMB 642,926 thousand in Q1 2022, reflecting a growth of approximately 15.3%[35] - For the first quarter of 2023, the company achieved an operating income of RMB 1.436 billion, representing a year-on-year increase of 5.02%, and a net profit attributable to shareholders of RMB 721 million, up 14.98% year-on-year[48] Cash Flow and Liquidity - The net cash flow from operating activities showed a significant decline from 9,288,105 to -20,603,722, a drop of 321.83%[17] - The net cash flow from operating activities for the first quarter of 2023 was RMB -20.604 billion, a decrease of 321.83% compared to the same period last year, primarily due to reduced cash inflows from deposit absorption and interbank borrowing[43] - The net cash and cash equivalents at the end of Q1 2023 were RMB 9,190,914 thousand, down from RMB 16,852,235 thousand at the end of Q1 2022, indicating a liquidity contraction[60] Asset Quality - The non-performing loan ratio remained stable at 0.86% for both periods[5] - The non-performing loan ratio remained stable at 0.86%, consistent with the end of the previous year, indicating stable asset quality[26] - The provision coverage ratio stood at 373.27%, demonstrating sufficient risk mitigation capacity[26] - The non-performing loan ratio remained stable, with normal loans at 97.87% of total loans, while the substandard and doubtful loans accounted for 0.24% and 0.29%, respectively[65] Capital and Equity - The company's equity attributable to shareholders increased from 24,191,992 to 25,037,123, a growth of about 3.51%[7] - The total equity attributable to shareholders of the parent company was RMB 25,037,123 thousand as of March 31, 2023, reflecting a 3.49% increase from the previous year[39] - The company's first-level capital net amount as of March 31, 2023, was RMB 25.331 billion, an increase from RMB 24.448 billion at the end of 2022[52] - The core Tier 1 capital adequacy ratio improved to 9.66% as of March 31, 2023, compared to 9.50% at the end of 2022, indicating a stronger capital position[63] Operating Performance - Operating income for Q1 2023 was RMB 1,435,755 thousand, up from RMB 1,367,115 thousand in Q1 2022, representing an increase of about 5%[35] - Interest income for Q1 2023 was RMB 3,121,149 thousand, compared to RMB 3,036,757 thousand in Q1 2022, showing a growth of approximately 2.8%[35] - The company reported a net interest income of RMB 1,127,691 thousand for Q1 2023, slightly up from RMB 1,118,910 thousand in Q1 2022[35] Strategic Initiatives - The company plans to publicly issue A-share convertible bonds totaling up to RMB 50 billion, pending regulatory approval[27] - The company is committed to a high-quality development direction, prioritizing structural adjustments over scale growth[24] - The company has not disclosed any significant new product or technology developments, market expansions, or mergers and acquisitions during this reporting period[49] Shareholder Information - The top ten shareholders held a total of 92.538 million shares, with the largest shareholder being Quanshun Group (Xiamen) Real Estate Co., Ltd.[45]