HZBank(SH:600926)2024-04-19 11:21Financial Performance - Operating income for Q1 2024 was RMB 9,760,688 thousand, an increase of 3.50% compared to RMB 9,430,545 thousand in Q1 2023[4] - Net profit attributable to shareholders for Q1 2024 reached RMB 5,133,233 thousand, representing a year-on-year increase of 21.11% from RMB 4,238,616 thousand in Q1 2023[4] - Basic earnings per share for Q1 2024 was RMB 0.82, up 22.39% from RMB 0.67 in Q1 2023[5] - The total comprehensive income for Q1 2024 was RMB 5,737,133 thousand, compared to RMB 4,640,977 thousand in Q1 2023, marking an increase of 23.6%[36] - The bank reported a significant increase in investment income, which rose to RMB 1,913,624 thousand from RMB 1,492,847 thousand, reflecting a growth of 28.2% year-over-year[35] Cash Flow - Net cash flow from operating activities was negative RMB 11,427,621 thousand, a decrease of 270.08% compared to RMB 6,719,130 thousand in Q1 2023[5] - The cash flow from operating activities showed a net outflow of RMB 11,427,621 thousand, contrasting with a net inflow of RMB 6,719,130 thousand in the same period last year[40] - Net cash flow from financing activities for Q1 2024 was RMB 8,044,202, a decrease of 70% compared to RMB 26,845,589 in Q1 2023[42] - Cash and cash equivalents at the end of Q1 2024 stood at RMB 36,775,715, down 38% from RMB 58,947,216 at the end of Q1 2023[42] - The net cash flow from investment activities was negative at RMB (17,293,419), compared to RMB (15,178,414) in Q1 2023[44] Assets and Liabilities - Total assets as of March 31, 2024, were RMB 1,917,305,256 thousand, an increase of 4.13% from RMB 1,841,330,802 thousand at the end of 2023[5] - Total liabilities as of March 31, 2024, amounted to RMB 1,800,561,900 thousand, up from RMB 1,730,037,592 thousand at the end of 2023[13] - The total equity attributable to shareholders was RMB 116,743,356 thousand, compared to RMB 111,293,210 thousand at the end of 2023, reflecting a growth of approximately 4.3%[30] - The bank's total deposits increased to RMB 1,127,890,315 thousand from RMB 1,058,307,919 thousand, reflecting a growth of approximately 6.6%[29] - The total loan amount was RMB 870.78 billion, up 7.89% from the end of 2023, with a loan-to-asset ratio of 45.42%[21] Ratios and Returns - The weighted average return on equity for Q1 2024 was 4.99%, an increase of 0.27 percentage points from 4.72% in Q1 2023[5] - The capital adequacy ratio as of March 31, 2024, was 12.70%, compared to 12.20% at the end of 2023[15] - The liquidity coverage ratio improved to 175.18% as of March 31, 2024, from 153.03% at the end of 2023[17] - The cost-to-income ratio for the first quarter of 2024 was 24.10%, a slight improvement from 24.87% in the same period of 2023[13] - The average return on total assets for the first quarter of 2024 was 0.27%, compared to 0.26% in the first quarter of 2023[13] Shareholder Information - The company did not declare any preferred stock dividends during the reporting period, which may impact earnings calculations[5] - The number of ordinary shares outstanding remained stable at 5,930,286 thousand shares[5] - The company’s major shareholders include Hangzhou Finance Bureau with 11.86% and Hongshi Holdings Group with 11.81% of shares[9] Loan and Deposit Details - The balance of inclusive small and micro loans was RMB 135.98 billion, with a year-on-year increase of RMB 2.52 billion[24] - The balance of green loans reached RMB 173.10 billion, an increase of RMB 4.93 billion or 7.24% compared to the end of 2023[23] - The retail customer total assets (AUM) reached RMB 549.12 billion, an increase of RMB 31.68 billion or 6.12% year-on-year[25] - The bank's loans and advances increased to RMB 835,517,892 thousand from RMB 773,942,292 thousand, marking a rise of about 7.9%[29] - The bank's non-performing loan ratio remained stable at 0.76% as of March 31, 2024, unchanged from the end of 2023[22]