SRCB(SH:601825)2024-04-25 12:09Financial Performance - The total operating income for Q1 2024 was RMB 7,084,730, representing a year-on-year increase of 3.69%[3] - The net profit attributable to shareholders of the parent company was RMB 3,551,958, with a year-on-year increase of 1.48%[3] - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was RMB 3,145,534, showing a year-on-year decrease of 9.99%[3] - The bank's net interest income for Q1 2024 was RMB 5,050,080 thousand, down from RMB 5,150,619 thousand in Q1 2023, showing a decrease of approximately 1.9%[30] - The bank's basic earnings per share for Q1 2024 was RMB 0.37, compared to RMB 0.36 in Q1 2023, indicating a slight improvement[32] - The bank's total comprehensive income for Q1 2024 was RMB 4,915,978 thousand, compared to RMB 3,656,427 thousand in Q1 2023, indicating a substantial increase[32] - The bank's investment income for Q1 2024 was RMB 848,550 thousand, significantly higher than RMB 305,156 thousand in the same period of 2023, reflecting a growth of approximately 178.5%[30] Cash Flow - The net cash flow from operating activities reached RMB 29,594,890, a significant improvement compared to a negative cash flow of RMB 1,600,227 in the same period last year[6] - Cash inflow from investment activities totaled RMB 30,764,162 thousand in Q1 2024, up from RMB 13,774,411 thousand in Q1 2023[34] - The net cash flow from financing activities in Q1 2024 was RMB (6,184,971) thousand, compared to RMB 6,542,393 thousand in Q1 2023, indicating a shift towards cash outflow[34] - The total cash and cash equivalents at the end of Q1 2024 reached RMB 43,200,942 thousand, an increase from RMB 34,648,485 thousand at the end of Q1 2023[34] - The bank's net increase in customer deposits and interbank funds was RMB 5,605,013 thousand in Q1 2024, compared to RMB 15,919,731 thousand in Q1 2023[33] - The cash received from investment returns in Q1 2024 was RMB 2,882,609 thousand, compared to RMB 2,530,991 thousand in Q1 2023, reflecting a positive trend[34] Assets and Liabilities - The total assets as of March 31, 2024, were RMB 1,441,596,392, an increase of 3.55% from the end of 2023[3] - The total liabilities amounted to RMB 1,320,321,919, reflecting a year-on-year increase of 3.49%[3] - The bank's total equity as of March 31, 2024, was RMB 121,274,473 thousand, an increase from RMB 116,358,495 thousand at the end of 2023, representing a growth of approximately 4.0%[29] - The company’s capital adequacy ratio was 16.97%, meeting regulatory requirements[14] Loan and Asset Quality - The non-performing loan ratio was 0.99%, slightly up from 0.97% at the end of 2023[11] - The company’s non-performing loan balance was 7.188 billion yuan, with a non-performing loan ratio of 0.99%[14] - The company’s personal loan balance (excluding credit cards) was 184.522 billion yuan, a decrease of 5.373 billion yuan, or 2.83%[15] - Corporate loans amounted to 467.345 billion yuan, an increase of 15.321 billion yuan, or 3.39%[17] - Inclusive small and micro loans reached 79.145 billion yuan, an increase of 1.56% from the end of the previous year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 151,790[24] - The largest shareholder, Shanghai State-owned Assets Management Co., held 895,796,176 shares, accounting for 9.29% of the total shares[24] - Shanghai Guosheng Group Asset Co. and Zhejiang Huhangning Expressway Co. plan to increase their holdings in the company starting from December 13, 2023, for a period of 6 months[27] Green Financing Initiatives - The company issued green financial bonds with a total amount of CNY 3 billion, successfully directing more social funds into the green industry[23] - The balance of green credit reached CNY 3,640.50 billion, growing by 4.26% compared to the end of the previous year[23] - The company’s green financing lease balance increased by 21.31% to CNY 4,123.09 billion[23] Awards and Recognition - The company received awards for "Outstanding Contribution Unit in Financial Excellence" and "Outstanding Unit in Technology Financial Services" in Shanghai for 2023[22] - The company has a total of 965 enterprises in its "Xindong Neng" cultivation library, indicating a strong focus on supporting innovative enterprises[22] Technology and Innovation - The company established a total of 12 technology financial specialty branches and 4 technology financial teams, with loans to technology enterprises reaching CNY 1,029.00 billion, an increase of CNY 103.84 billion or 11.22% compared to the end of the previous year[22] - Loans to small and medium-sized technology enterprises accounted for 83.37% of the total, with the number of technology enterprise loan clients increasing by 397 to 3,672, a growth of 12.12%[22]