ZJB(SH:601860)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 322,774 thousand, reflecting a growth of 10.71% year-on-year[19]. - Operating income for the quarter was CNY 1,334,042 thousand, up 10.32% from the same period last year[19]. - The company’s basic earnings per share increased by 12.50% to CNY 0.09[19]. - Net profit for Q1 2020 was CNY 322,774 thousand, up 10.7% from CNY 291,549 thousand in Q1 2019[49]. - Total operating income for Q1 2020 was CNY 1,334,042 thousand, an increase of 10.3% compared to CNY 1,209,224 thousand in Q1 2019[48]. - The company reported a comprehensive income total of CNY 456,153 thousand, compared to CNY 237,808 thousand in Q1 2019, indicating a substantial increase[49]. Asset and Liability Management - Total assets reached CNY 205,430,401 thousand, an increase of 2.04% compared to the end of the previous year[19]. - Total liabilities rose to CNY 191,225,088 thousand, compared to CNY 187,569,515 thousand at the end of 2019, indicating an increase of about 1.76%[31]. - Total assets increased to CNY 205,430,401 thousand as of March 31, 2020, up from CNY 201,318,675 thousand at the end of 2019, representing a growth of approximately 1.05%[31]. - Total liabilities amounted to CNY 191,225,088 thousand, a slight increase from CNY 187,569,515 thousand year-over-year[48]. - Total equity increased to CNY 14,205,313 thousand from CNY 13,749,160 thousand, reflecting a growth of 3.3%[48]. Cash Flow Analysis - Net cash flow from operating activities decreased by 36.70% to CNY 5,563,333 thousand compared to the previous year[19]. - Cash flow from operating activities for Q1 2020 was CNY 5,563,333 thousand, down 36.3% from CNY 8,788,849 thousand in Q1 2019[52]. - Cash inflow from investment activities was CNY 25,581,492 thousand, significantly higher than CNY 8,157,731 thousand in Q1 2019[52]. - Cash outflow from investment activities totaled CNY 26,342,162 thousand, compared to CNY 11,037,268 thousand in the previous year[52]. - Net cash flow from financing activities decreased to -$6.48 million from $0.82 million year-over-year[55]. Capital and Funding Ratios - Core Tier 1 capital adequacy ratio improved to 11.43% as of March 31, 2020, up from 11.07% at the end of 2019[34]. - The liquidity coverage ratio was reported at 131.93% as of March 31, 2020, indicating strong liquidity management[40]. - The net stable funding ratio increased to 128.08% as of March 31, 2020, compared to 122.33% at the end of 2019, reflecting improved funding stability[41]. Shareholder Information - The number of shareholders at the end of the reporting period was 94,288[22]. Operational Efficiency - The cost-to-income ratio significantly improved to 21.22% in Q1 2020 from 29.69% in the previous year, indicating enhanced operational efficiency[35]. - The bank's net interest margin slightly decreased to 2.06% in Q1 2020 from 2.12% in 2019, indicating a minor contraction in profitability from interest-earning assets[35]. - Net interest income decreased to CNY 989,459 thousand from CNY 1,113,974 thousand, representing a decline of 11.1%[49]. Other Financial Metrics - Non-current asset disposal gains were reported at CNY 0, indicating no significant transactions in this area[21]. - Non-performing loan ratio remained stable at 1.68% for both the first quarter of 2020 and the end of 2019[35]. - The company reported a significant decrease in trading financial assets by 37.01% to CNY 1,139,088 thousand[26]. - The company is in the process of issuing convertible bonds, with feedback from the China Securities Regulatory Commission received on February 26, 2020[29]. - The company has not reported any adjustments related to the new revenue and leasing standards for the current period[60]. - The company’s retained earnings were reported at $2.28 billion, indicating stable profitability[57].