ZJB(SH:601860)2024-04-25 12:25Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,198,420, representing a year-on-year increase of 9.84%[5] - The net profit attributable to shareholders for the same period was CNY 405,376, reflecting a growth of 5.4% compared to the previous year[5] - The basic earnings per share for Q1 2024 was CNY 0.11, while diluted earnings per share was CNY 0.10[6] - Net profit for Q1 2024 was RMB 405,376 thousand, compared to RMB 384,605 thousand in Q1 2023, reflecting an increase of 5.4%[24] - Total operating income for Q1 2024 reached RMB 1,198,420 thousand, up from RMB 1,091,012 thousand in Q1 2023, marking an increase of 9.8%[24] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 261,597,774, an increase of 5.63% from the previous year[6] - Total assets as of March 31, 2024, reached RMB 261,597,774 thousand, an increase from RMB 247,664,435 thousand as of December 31, 2023, representing a growth of approximately 5.4%[15] - Total liabilities increased to RMB 242,627,423 thousand from RMB 229,192,516 thousand, reflecting a rise of about 5.9%[15] - The bank's total liabilities increased to RMB 242,627,423 thousand as of March 31, 2024, from RMB 229,192,516 thousand as of December 31, 2023, an increase of 5.9%[22] - Shareholder equity rose to RMB 18,970,351 thousand, up from RMB 18,471,919 thousand, indicating an increase of approximately 2.7%[15] - The bank's total equity increased to RMB 18,970,351 thousand as of March 31, 2024, compared to RMB 18,471,919 thousand as of December 31, 2023, reflecting a growth of 2.7%[23] Cash Flow - The net cash flow from operating activities decreased by 38.32%, amounting to CNY 12,531,197[6] - In Q1 2024, the net cash flow from operating activities was CNY 12,531,197, a decrease of 38.5% compared to CNY 20,316,470 in Q1 2023[27] - The company reported a total cash inflow of CNY 21,990,457 from operating activities, down 28.3% from CNY 30,629,416 in Q1 2023[27] - Cash inflow from investment activities totaled CNY 42,797,739, significantly higher than CNY 16,991,634 in Q1 2023, marking an increase of 151.2%[27] - The net cash flow from investment activities was negative CNY 2,913,312, an improvement from negative CNY 12,232,825 in Q1 2023[27] - The net cash flow from financing activities was negative CNY 5,384,235, a decline from positive CNY 2,059,741 in the previous year[30] Investment and Income - The company reported a significant increase in investment income by 400.93%, attributed to higher bond disposal gains[8] - The bank's interest income for Q1 2024 was RMB 2,240,537 thousand, slightly down from RMB 2,247,528 thousand in Q1 2023, a decrease of 0.3%[24] - The bank's credit impairment losses for Q1 2024 were RMB 381,315 thousand, up from RMB 300,280 thousand in Q1 2023, an increase of 27%[24] - The bank's other comprehensive income after tax for Q1 2024 was RMB 93,055 thousand, significantly higher than RMB 9,577 thousand in Q1 2023, indicating a substantial improvement[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 70,240[10] - The top shareholder, Nanjing Zijin Investment Group Co., Ltd., held 328,129,524 shares, representing 8.96% of the total shares[11] Ratios and Efficiency - The return on average equity was 2.17%, a decrease of 0.07 percentage points compared to the previous period[6] - The liquidity ratio decreased to 67.84% from 78.95% year-over-year, indicating a decline in liquidity management[17] - The cost-to-income ratio improved to 30.96% from 38.31%, suggesting enhanced operational efficiency[17] - The net stable funding ratio was reported at 130.21%, slightly down from 130.30% in the previous period[19] - Core Tier 1 capital adequacy ratio stood at 10.12%, down from 10.28%[16] Loan Quality - The non-performing loan ratio remained stable at 1.16% for both the first quarter of 2024 and the previous year[17] - The ratio of normal loans was 97.65% as of March 31, 2024, compared to 97.88% as of December 31, 2023, indicating a slight decline in loan quality[21]