QRCB(SZ:002958)2021-04-26 16:00Financial Performance - Total operating income for Q1 2021 was CNY 2,660,227 thousand, a decrease of 6.08% compared to Q1 2020[7] - Net profit for Q1 2021 reached CNY 920,537 thousand, representing a growth of 7.50% year-over-year[7] - Basic earnings per share for Q1 2021 was CNY 0.16, a 6.67% increase from CNY 0.15 in Q1 2020[7] - The total profit for the group reached RMB 1,021,295 thousand in Q1 2021, an increase from RMB 971,762 thousand in Q1 2020[61] - The net profit for the group in Q1 2021 was RMB 920,537 thousand, representing a growth of 7.51% compared to RMB 856,322 thousand in Q1 2020[61] Assets and Liabilities - Total assets as of March 31, 2021, amounted to CNY 423,292,259 thousand, an increase of 4.05% from the end of 2020[7] - The total liabilities reached CNY 390.64 billion, a growth of 3.59% compared to the end of the previous year[24] - The group's total liabilities amounted to RMB 390,634,586 thousand, up from RMB 377,108,681 thousand at the end of 2020, indicating an increase of about 3.4%[51] - The total amount of other equity instruments increased by 80.68% to 4,472,924 thousand RMB, attributed to the issuance of perpetual capital bonds[29] Loan and Deposit Growth - The total loans and advances amounted to CNY 233.03 billion, reflecting a growth of 6.97% from the end of the previous year[24] - Customer deposits increased to RMB 262,271,228 thousand, compared to RMB 250,693,543 thousand at the end of 2020, reflecting a growth of approximately 4.3%[51] - The net increase in deposits for the group was RMB 11,473,637 thousand in Q1 2021, significantly higher than RMB 5,950,296 thousand in Q1 2020, indicating strong deposit growth[69] Financial Ratios - The non-performing loan ratio stood at 1.62% as of March 31, 2021, up from 1.44% at the end of 2020[11] - The capital adequacy ratio was 12.64% as of March 31, 2021, compared to 12.32% at the end of 2020[11] - The liquidity coverage ratio stood at 148.05%, exceeding the regulatory requirement of no less than 100% set by the China Banking and Insurance Regulatory Commission[16] - The weighted average return on equity (annualized) decreased to 13.36% from 13.71% in the previous year[7] Income Sources - Commission and fee income increased by 85.99% to 225,018 thousand RMB compared to the same period last year, primarily due to the growth in agency business fees[29] - Net investment income decreased by 46.55% to 210,039 thousand RMB, attributed to a reduction in net income from trading financial assets[29] - Other income rose by 213.75% to 20,284 thousand RMB, driven by an increase in government subsidies related to income[29] Cash Flow - The bank's cash flow from operating activities showed a net outflow of CNY 11,493,271 thousand, worsening by 85.78% compared to the same period last year[7] - The total cash outflow from operating activities was RMB (36,497,416) thousand, up from RMB (21,931,598) thousand in 2020, representing an increase of approximately 66.5%[72] - The cash inflow from investment activities totaled RMB 24,671,140 thousand, significantly up from RMB 5,465,950 thousand in the previous year, marking an increase of approximately 351.5%[75] Shareholder Information - The bank's major shareholders included Qingdao Guoxin Development Group and Qingdao Urban Construction Investment Group, each holding 9.00% of the shares[17] - The group's equity attributable to shareholders rose to RMB 31,790,160 thousand, up from RMB 28,841,682 thousand at the end of 2020, marking an increase of approximately 6.7%[54] Strategic Focus - The bank's focus on supporting the real economy included enhancing product innovation and service models, particularly for small and micro enterprises[24] - The bank implemented a strategy of optimizing credit structure to prevent funds from flowing into the real estate market, aligning with high-quality economic development goals[25]