BANK OF CHANGSHA(SH:601577)2022-04-28 16:00Financial Performance - The company's operating income for Q1 2022 was RMB 5,387,228 thousand, representing a year-on-year increase of 12.01%[5] - The net profit attributable to shareholders for Q1 2022 was RMB 1,821,264 thousand, reflecting a growth of 13.05% compared to the same period last year[5] - The bank's basic earnings per share for Q1 2022 was RMB 0.45, showing a decrease of 4.26% compared to the same period last year[5] - Total operating income for Q1 2022 reached CNY 5,387,228 thousand, an increase of 12% compared to CNY 4,809,759 thousand in Q1 2021[28] - Net profit for Q1 2022 was CNY 1,885,645 thousand, representing a 14.6% increase from CNY 1,644,849 thousand in Q1 2021[28] - Total operating income for Q1 2022 was CNY 4,789,095 thousand, an increase of 10.4% compared to CNY 4,338,808 thousand in Q1 2021[35] - Net profit for Q1 2022 reached CNY 1,753,378 thousand, representing a 11.5% increase from CNY 1,572,794 thousand in Q1 2021[35] Asset and Liability Management - The total assets as of March 31, 2022, amounted to RMB 826,535,227 thousand, which is a 3.82% increase from the end of the previous year[6] - The bank's total liabilities reached CNY 768,031,035 thousand, an increase from CNY 739,504,359 thousand, reflecting a growth of 3.9%[26] - The bank's total equity attributable to shareholders increased to CNY 56,815,820 thousand, compared to CNY 55,021,967 thousand, indicating a growth of 3.3%[26] - The total assets as of March 31, 2022, reached 797,644,736, an increase from 768,396,096 at the end of 2021[33] - The bank's total liabilities were 741,739,783, up from 714,217,108 at the end of 2021[34] Loan and Deposit Growth - The bank's total loans reached RMB 387,762,216 thousand, with normal loans accounting for 96.83% of the total[13] - The total deposits amounted to CNY 520.555 billion, reflecting an increase of CNY 14.186 billion or 2.80% year-to-date[20] - Customer deposits grew to CNY 530,839,808 thousand, up from CNY 516,186,159 thousand, indicating a rise of 2.6%[26] - The net increase in customer loans and advances was 18,505,036, slightly higher than 18,261,722 in Q1 2021[30] - Customer deposits and interbank deposits increased significantly by CNY 13,532,513 thousand, compared to CNY 702,467 thousand in Q1 2021[38] Cash Flow Analysis - The net cash flow from operating activities was negative at RMB -5,276,123 thousand, indicating a significant change from the previous year[5] - In Q1 2022, the net cash flow from operating activities was -5,276,123, an improvement from -11,404,323 in Q1 2021[30] - The total cash inflow from operating activities was 31,238,026, compared to 17,136,102 in the same period last year, reflecting an increase of approximately 82.5%[30] - The net cash flow from investing activities was 3,194,318, a significant recovery from -10,891,208 in Q1 2021[31] - Cash flow from operating activities showed a net outflow of CNY 8,101,472 thousand, an improvement from a net outflow of CNY 10,404,756 thousand in Q1 2021[38] Risk Management and Asset Quality - The non-performing loan ratio stood at 1.19% as of March 31, 2022, slightly down from 1.20% at the end of the previous year[13] - The provision coverage ratio stood at 301.03%, indicating an improvement in asset quality[22] - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 48,612[15] - The top ten shareholders held a combined 56.55% of the total shares, with the largest shareholder, Changsha Finance Bureau, owning 16.82%[15] Strategic Focus - The bank's strategic focus for 2022 is on executing key initiatives to enhance operational performance[19]