SRCB(SH:601825)2023-04-27 16:00Financial Performance - The company's operating income for Q1 2023 was RMB 6,832,482 thousand, representing a year-on-year increase of 7.49%[3] - Net profit attributable to shareholders of the parent company reached RMB 3,500,275 thousand, up 12.44% compared to the same period last year[3] - The company reported a basic earnings per share of RMB 0.36, reflecting a 12.50% increase year-on-year[3] - The weighted average return on equity was 3.38%, showing a slight increase of 0.11 percentage points compared to the same period last year[3] - Net profit for Q1 2023 was RMB 3,601,208 thousand, representing a 12.1% increase compared to RMB 3,213,746 thousand in Q1 2022[35] - The total comprehensive income for Q1 2023 was RMB 3,656,427 thousand, an increase from RMB 3,033,993 thousand in the same period last year[35] Assets and Liabilities - Total assets as of March 31, 2023, amounted to RMB 1,320,958,312 thousand, reflecting a growth of 3.09% from the end of 2022[3] - The total liabilities were RMB 1,211,685,688 thousand, which is an increase of 3.06% compared to the end of 2022[3] - The company's total equity was RMB 109,272,624 thousand, up from RMB 105,715,647 thousand at the end of 2022[31] - The total amount of loans and advances issued was RMB 654,973,589 thousand, an increase from RMB 643,951,491 thousand at the end of 2022[29] Cash Flow - The net cash flow used in operating activities was RMB (1,600,227) thousand, a significant decrease of 103.61% year-on-year[5] - Cash flow from operating activities showed a net outflow of RMB 1,600,227 thousand, compared to a net inflow of RMB 44,327,465 thousand in Q1 2022[37] - Cash and cash equivalents at the end of Q1 2023 totaled RMB 34,648,485 thousand, down from RMB 42,589,619 thousand at the end of Q1 2022[38] Loan and Credit Activities - The non-performing loan ratio stood at 0.97% as of March 31, 2023, compared to 0.94% at the end of 2022[9] - The company’s non-performing loan balance was 6.618 billion yuan, with a non-performing loan ratio of 0.97%[13] - Green credit balance reached 348.212 billion yuan, a growth of 10.66% compared to the end of the previous year[15] - The balance of loans to technology enterprises was 76.334 billion yuan, increasing by 7.19% year-on-year[16] - Inclusive small and micro loans reached a balance of 66.308 billion yuan, with an increase of 2.195 billion yuan compared to the end of the previous year[16] Customer and Market Engagement - The number of personal customers (excluding credit card customers) increased to 21.23 million, up by 286,300 or 1.37% year-over-year[18] - Online channel users reached 5.81 million, growing by 2.31% compared to the previous year, with electronic channels accounting for 95.53% of wealth management and 86.20% of fund transactions[19] - The company launched exclusive financial products for elderly customers, enhancing asset planning services for this demographic[18] - The company signed strategic cooperation agreements with 20 private enterprises, providing a total of over 52 billion yuan in intended comprehensive credit lines[15] Investment and Financial Products - The company issued exclusive wealth management products for key customer groups, with a single product raising over CNY 1.1 billion[21] - The company’s foreign currency bond investment balance was CNY 4.30 billion, an increase of 19.24% from the previous year[20] - The company’s financial investments include RMB 151,868,157 thousand in debt investments, up from RMB 143,318,577 thousand at the end of 2022[29] Awards and Recognition - The company received three awards at the "14th Fund and Wealth Management - Jiefu Award," including "Outstanding Agricultural Commercial Bank Asset Management Award"[21] System and Operational Stability - The company achieved a 100% availability rate for its core accounting system during the national "Two Sessions" event, ensuring stable financial services[23]