QRCB(SZ:002958)2023-04-28 16:00Financial Performance - Operating revenue for Q1 2023 was CNY 2,671,626, an increase of 7.23% compared to CNY 2,491,450 in Q1 2022[8] - Net profit for Q1 2023 reached CNY 991,962, reflecting a growth of 6.14% from CNY 934,569 in Q1 2022[15] - Basic earnings per share for Q1 2023 were CNY 0.16, up 6.67% from CNY 0.15 in Q1 2022[15] - The total profit for the group was RMB 1,059,349 thousand, up from RMB 1,009,545 thousand in the same quarter of 2022, marking a growth of approximately 4.94%[55] - The total comprehensive income for the group was RMB 986,037 thousand, an increase from RMB 887,076 thousand in the previous year, representing a growth of about 11.16%[58] Assets and Liabilities - Total assets as of March 31, 2023, amounted to CNY 463,246,165, representing a 6.54% increase from CNY 434,791,316 at the end of 2022[15] - Total liabilities as of March 31, 2023, were CNY 425,873,479, an increase of 6.92% from CNY 398,308,675 at the end of 2022[15] - The total net capital as of March 31, 2023, is 41,459,185 thousand yuan, an increase from 40,327,282 thousand yuan at the end of 2022[28] - Total assets reached RMB 463,246,165 thousand as of March 31, 2023, up from RMB 434,791,316 thousand at the end of 2022, representing a growth of 6.00%[49] - Total liabilities amounted to RMB 425,873,479 thousand, an increase of 6.94% from RMB 398,308,675 thousand at the end of 2022[50] Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 11,866,023, compared to a negative cash flow of CNY (5,218,849) in Q1 2022[15] - The total cash inflow from operating activities amounted to RMB 27,504,718 thousand, compared to RMB 23,720,371 thousand in the previous year, indicating an increase of about 16%[83] - The net cash flow from operating activities was RMB 11,866,023 thousand, a significant recovery from a net outflow of RMB 5,218,849 thousand in the same period last year[100] - Cash flow from operating activities showed a significant increase, with net cash flow of $8,905,088 compared to $1,451,048 in the same period last year[108] Investment and Income - Investment income for Q1 2023 reached 365,364 thousand yuan, a 37.22% increase compared to 266,268 thousand yuan in Q1 2022[29] - The group’s investment income was RMB 365,364 thousand, significantly higher than RMB 266,268 thousand in the same period last year, showing a growth of approximately 37.19%[53] - Other income increased by 387.40% to RMB 31,398 thousand, primarily due to increased government subsidies related to interest rate swaps[42] - Other business income rose by 79.62% to RMB 6,177 thousand, attributed to an increase in leasing income[42] Loan and Credit Metrics - The total amount of loans and advances as of March 31, 2023, was CNY 245,072,130, a 2.04% increase from CNY 240,181,796 at the end of 2022[15] - The non-performing loan ratio is 2.09% as of March 31, 2023, compared to 2.19% at the end of 2022[28] - The bank's total loans and advances amounted to 245,072,130 thousand yuan, with non-performing loans totaling 5,115,861 thousand yuan[29] - The bank's provision coverage ratio stands at 227.80%, well above the required 150%[28] Operational Efficiency - The cost-to-income ratio improved to 24.58% in Q1 2023 from 30.34% for the full year 2022[28] - The return on total assets (annualized) increased to 0.88% in Q1 2023, up from 0.54% in 2022[28] - The bank's liquidity coverage ratio is 262.52%, significantly above the regulatory requirement of 100%[29] - The bank's leverage ratio improved, indicating a stronger capital position[39] Customer Deposits - Customer deposits rose to RMB 305,783,470 thousand, up from RMB 286,320,039 thousand, marking an increase of 6.83%[50] - Net increase in deposits reached RMB 19,531,422 thousand for the period ending March 31, 2023, up from RMB 14,552,924 thousand in the same period of 2022, representing a growth of approximately 34%[83]