苏农银行(603323) - 2023 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2023 reached RMB 991 million, an increase of 1.38% compared to the same period last year[7] - Net profit attributable to shareholders was RMB 357.6 million, reflecting a growth of 15.96% year-on-year[7] - Basic earnings per share (EPS) stood at RMB 0.20, up by 17.65% from the previous year[7] - Net profit for Q1 2023 reached CNY 358,781 thousand, an increase of 15.4% compared to CNY 310,937 thousand in Q1 2022[34] - Total operating income for Q1 2023 was CNY 991,000 thousand, up from CNY 977,535 thousand in Q1 2022, reflecting a growth of 1.4%[34] - Interest income rose to CNY 1,681,936 thousand in Q1 2023, compared to CNY 1,540,223 thousand in Q1 2022, marking an increase of 9.2%[34] - Basic earnings per share for Q1 2023 were CNY 0.20, up from CNY 0.17 in Q1 2022, reflecting a growth of 17.6%[35] - The bank's investment income for Q1 2023 was CNY 111,671 thousand, slightly down from CNY 112,439 thousand in Q1 2022[34] - The bank's other comprehensive income after tax for Q1 2023 was CNY 140,302 thousand, compared to CNY 61,305 thousand in Q1 2022, showing a significant increase of 129.0%[34] Cash Flow and Liquidity - Net cash flow from operating activities surged to RMB 7.64 billion, a significant increase of 856.35%[7] - Net cash flow from operating activities for Q1 2023 was 7,638,220, a significant increase from 798,683 in Q1 2022, reflecting strong operational performance[38] - Total cash inflow from investment activities decreased to 17,293,036 in Q1 2023 from 28,107,905 in Q1 2022, indicating a decline in investment recovery[38] - Net cash flow from financing activities was -1,955,378 in Q1 2023, compared to a positive 600,228 in Q1 2022, highlighting increased cash outflows related to debt repayment[38] - The ending balance of cash and cash equivalents decreased to 4,016,602 in Q1 2023 from 3,609,864 in Q1 2022, showing a reduction in liquidity[39] - Cash inflow from customer deposits and interbank placements increased significantly to 8,161,513 in Q1 2023 from 2,344,167 in Q1 2022, indicating strong customer confidence[38] - The net increase in cash and cash equivalents for Q1 2023 was -507,628, compared to -484,216 in Q1 2022, indicating ongoing challenges in cash management[39] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 190.52 billion, representing a 5.68% increase from the end of the previous year[7] - Total assets increased to RMB 190,515,670, representing a growth of 5.68% from RMB 180,277,961 as of December 31, 2022[17] - Total liabilities rose to RMB 175,688,358, up by 5.87% compared to RMB 165,949,735 at the end of 2022[17] - The bank's total liabilities increased to CNY 175,688,358 thousand as of March 31, 2023, from CNY 165,949,735 thousand at the end of 2022, a rise of approximately 5.2%[32] - The bank's total equity increased to CNY 14,827,312 thousand as of March 31, 2023, compared to CNY 14,328,226 thousand at the end of 2022, indicating a growth of about 3.5%[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 34,773[12] - The largest shareholder, Hengtong Group Co., Ltd., held 124.96 million shares, accounting for 6.93% of total shares[12] Operational Efficiency - The weighted average return on equity (ROE) was 2.34%, an increase of 0.06 percentage points[7] - The cost-to-income ratio decreased to 31.00%, down from 34.10% in the previous period[24] - The bank conducted 10 investor meetings from January 1 to March 31, 2023, to enhance communication with stakeholders[15] - The capital adequacy ratio improved to 12.02%, compared to 11.92% at the end of 2022[26] - Core Tier 1 capital adequacy ratio was reported at 10.09%, consistent with the previous quarter[26] - The bank's non-performing loan ratio stood at 0.94%, slightly down from 0.95% at the end of 2022[24] - Retail loans remained stable at RMB 27,559,618, showing no significant change from the previous period[17] Other Financial Metrics - Non-recurring gains and losses totaled RMB 17.24 million after tax adjustments[9] - Significant changes in financial data included a 130.07% increase in other assets due to changes in clearing funds[10] - The net increase in loans and advances to customers was 2,789,003 in Q1 2023, down from 3,368,149 in Q1 2022, suggesting a slowdown in lending growth[38]