Bank Of Guiyang(SH:601997)2022-04-28 16:00Financial Performance - The operating revenue for Q1 2022 was CNY 3,626,014 thousand, representing a 2.48% increase compared to CNY 3,538,120 thousand in the same period last year[4]. - The net profit attributable to shareholders of the parent company was CNY 1,590,152 thousand, a 1.18% increase from CNY 1,571,587 thousand year-on-year[4]. - The total profit for the period was RMB 1,775,032 thousand, down from RMB 1,810,823 thousand in the previous year, a decrease of about 2.0%[31]. - The comprehensive income totalled RMB 1,623,220 thousand, up from RMB 1,557,643 thousand year-over-year, indicating a growth of approximately 4.2%[31]. - The bank's interest income was RMB 7,046,431 thousand, compared to RMB 6,994,111 thousand in Q1 2021, reflecting an increase of about 0.7%[31]. - The bank's fee and commission income was RMB 250,495 thousand, down from RMB 275,439 thousand in the previous year, a decrease of approximately 9.0%[31]. Cash Flow - The net cash flow from operating activities was -CNY 7,709,952 thousand, a significant decrease of 493.95% compared to -CNY 1,298,084 thousand in the previous year[4]. - The total cash inflow from operating activities was RMB 8,725,834 thousand, down from RMB 15,844,068 thousand year-on-year[32]. - The cash flow from investment activities showed a net outflow of RMB 1,415,782 thousand, contrasting with a net inflow of RMB 6,538,699 thousand in the previous year[32]. - The cash inflow from financing activities was RMB 24,926,519 thousand, significantly higher than RMB 8,470,000 thousand in the same quarter of 2021[32]. - The net cash flow from financing activities was RMB 12,943,841 thousand, compared to a negative RMB 3,601,038 thousand in the first quarter of 2021[32]. - The total cash and cash equivalents at the end of the period amounted to RMB 18,504,223 thousand, down from RMB 29,280,266 thousand year-on-year[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 623,627,623 thousand, reflecting a 2.45% increase from CNY 608,686,846 thousand at the end of the previous year[4]. - The total liabilities increased to RMB 567.81 billion from RMB 554.63 billion, marking a rise of about 2.3%[30]. - The company reported a total equity of RMB 55.82 billion, up from RMB 54.06 billion, reflecting an increase of approximately 3.3%[30]. - As of March 31, 2022, total assets amounted to RMB 623.63 billion, an increase from RMB 608.69 billion at the end of 2021, reflecting a growth of approximately 2.3%[30]. Loans and Deposits - Total deposits reached RMB 369,578,198 thousand, an increase from RMB 359,743,868 thousand year-on-year[10]. - Retail loans amounted to RMB 47,390,904 thousand, slightly up from RMB 47,029,147 thousand year-on-year[10]. - The net increase in customer loans and advances was RMB (6,035,809) thousand, compared to RMB (7,795,587) thousand in the first quarter of 2021[32]. - Customer deposits reached RMB 377.50 billion, up from RMB 367.43 billion, indicating a growth of about 2.9%[30]. - Retail deposits increased by RMB 12.611 billion, or 8.69%, reaching RMB 157.785 billion, accounting for approximately 42.69% of total deposits[27]. Ratios and Returns - The weighted average return on equity for ordinary shareholders was 3.30%, down 18.72% from 4.06% in the same period last year[4]. - The total assets return remained stable at 0.27%, showing no change compared to the previous year[4]. - The net interest margin decreased to 2.02% from 2.12% year-on-year[10]. - The capital adequacy ratio improved to 14.19% compared to 14.00% at the end of 2021[11]. - The non-performing loan ratio was reported at 1.60%, up from 1.45% at the end of 2021[13]. - The coverage ratio for loan loss provisions was 260.25%, down from 271.03% at the end of 2021[13]. Investments and Acquisitions - The company acquired 24.4 million shares of Xifeng Development Village Bank, increasing its ownership to 37.4% after a capital increase of RMB 56 million[28]. - The company also acquired 20% of Guiyang Huaxi Construction Village Bank by purchasing 20 million shares, with the transaction completed on February 22, 2022[29]. - The company plans to establish a wholly-owned subsidiary for wealth management, pending regulatory approval[27]. - The company plans to continue expanding its market presence through strategic acquisitions and partnerships in the banking sector[28]. Operational Challenges - The net cash flow from operating activities for the first quarter of 2022 was a negative RMB 7,709,952 thousand, compared to a positive RMB 1,298,084 thousand in the same period of 2021[32]. - The bank's operating expenses increased to RMB (1,851,379) thousand from RMB (1,727,567) thousand, marking an increase of approximately 7.1%[31]. - Credit impairment losses rose to RMB (984,247) thousand, compared to RMB (856,573) thousand in the same quarter of 2021, an increase of about 14.9%[31]. - The company is closely monitoring ongoing litigation that may impact its financial position, ensuring compliance with legal and regulatory requirements[29].