CZBANK(SH:601916)2023-04-25 16:00Financial Performance - Net profit attributable to shareholders for Q1 2023 was RMB 5,625 million, up 9.91% from RMB 5,118 million in Q1 2022[3] - The bank's operating income for Q1 2023 was RMB 15,780 million, representing a 2.53% increase compared to the same period last year[3] - The total operating income for the first quarter of 2023 was RMB 15,780 million, up from RMB 15,391 million in the first quarter of 2022, indicating a year-over-year growth of approximately 2.5%[26] - The total comprehensive income for the first quarter of 2023 was RMB 5,123 million, slightly up from RMB 5,033 million in the first quarter of 2022, reflecting a modest increase[31] - The basic earnings per share for the first quarter of 2023 was RMB 0.26, up from RMB 0.20 in the first quarter of 2022, representing a growth of 30%[31] Asset and Liability Management - As of March 31, 2023, total assets reached RMB 2,746,969 million, an increase of 4.77% compared to the end of 2022[3] - Total liabilities reached RMB 2,575,916 million, marking a 4.88% increase from the end of 2022[3] - The total liabilities and shareholders' equity as of March 31, 2023, amounted to RMB 2,746,969 million, an increase from RMB 2,621,930 million as of December 31, 2022, representing a growth of approximately 4.8%[23] - The total equity attributable to shareholders as of March 31, 2023, was RMB 167,943 million, an increase from RMB 162,933 million as of December 31, 2022, representing a growth of approximately 3.1%[23] Loan and Deposit Growth - Total loans and advances amounted to RMB 1,594,669 million, reflecting a growth of 4.57% year-on-year[3] - Total deposits amounted to RMB 1,710.06 billion, reflecting an increase of RMB 28.62 billion or 1.70% year-on-year[12] - The net increase in deposits from customers for the first quarter of 2023 was RMB 28,337 million, compared to RMB 97,174 million in the same period of 2022, showing a decline in deposit growth[34] Cash Flow Analysis - The net cash flow from operating activities was negative RMB 38,022 million, a significant decrease of 178.64% compared to RMB 48,348 million in Q1 2022[3] - Cash flow from operating activities showed a net outflow of RMB 38.02 billion, a decrease of 178.64% compared to the previous year[14] - The ending balance of cash and cash equivalents as of March 31, 2023, was RMB 74,351 million, down from RMB 139,056 million at the end of Q1 2022, a decrease of 46.5%[46] Capital Adequacy and Ratios - The core Tier 1 capital adequacy ratio stood at 8.04%, slightly up from 8.00% at the end of 2022[5] - The capital adequacy ratio was 11.49%, a decrease of 0.11 percentage points compared to the end of the previous year[12] - The liquidity coverage ratio was reported at 136.43%, down from 148.11% at the end of 2022[8] Non-Interest Income - Non-interest income accounted for 25.56% of total operating income, an increase from 25.29% in the previous year[3] - Non-interest income accounted for 25.56% of total revenue, up by 0.27 percentage points year-on-year[12] Investment Activities - The total cash inflow from investment activities for Q1 2023 was RMB 660,376 million, compared to RMB 341,301 million in Q1 2022, representing an increase of 93.6%[42] - The cash outflow for investment activities in Q1 2023 was RMB 704,916 million, up from RMB 379,857 million in Q1 2022, indicating an increase of 85.5%[42] - The net cash flow used in investment activities for Q1 2023 was RMB (44,540) million, compared to RMB (38,556) million in Q1 2022, reflecting a decline of 15.5%[42] Financing Activities - The cash inflow from financing activities in Q1 2023 was RMB 272,337 million, significantly higher than RMB 103,796 million in Q1 2022, marking an increase of 162.5%[46] - The cash outflow from financing activities in Q1 2023 was RMB 222,238 million, compared to RMB 65,249 million in Q1 2022, which is an increase of 240.5%[46] - The net cash flow from financing activities for Q1 2023 was RMB 50,099 million, compared to RMB 38,547 million in Q1 2022, showing an increase of 30.5%[46] Non-Performing Loans - Non-performing loan balance stood at RMB 22.91 billion, with a non-performing loan ratio of 1.44%, down by 0.03 percentage points from the previous year[12]