兴业银行(601166) - 2024 Q1 - 季度财报

Financial Performance - The company's operating income for Q1 2024 was RMB 57,751 million, an increase of 4.22% compared to RMB 55,410 million in Q1 2023[4] - Net profit attributable to shareholders of the parent company decreased to RMB 24,336 million, down 3.10% from RMB 25,115 million in the same period last year[4] - The basic earnings per share (EPS) for Q1 2024 was RMB 1.17, a decline of 3.10% compared to RMB 1.21 in Q1 2023[4] - The group's net profit for the three months ended March 31, 2024, was RMB 24,289 million, a decrease of 4.2% compared to RMB 25,347 million for the same period in 2023[32] - Total operating income for the group reached RMB 57,751 million, up 4.2% from RMB 55,410 million in the same period last year[32] - Net interest income increased to RMB 88,642 million, compared to RMB 83,620 million in the previous year, reflecting a growth of 6.1%[32] - The bank's net fee and commission income for the first quarter of 2024 was RMB 6,198 million, down from RMB 7,651 million in the same period last year, a decrease of 19.1%[32] Asset and Liability Management - The company's total assets as of March 31, 2024, were RMB 10,257,255 million, reflecting a 0.97% increase from RMB 10,158,326 million at the end of 2023[6] - The total liabilities amounted to RMB 9,424,077 million, compared to RMB 9,350,607 million at the end of 2023, indicating an increase of about 0.79%[29] - The total equity attributable to shareholders of the parent company rose to RMB 821,728 million, up from RMB 796,224 million at the end of 2023, marking a growth of 3.2%[30] - The total cash and cash equivalents at the end of the period amounted to RMB 717,670 million, down from RMB 857,486 million year-on-year[38] Credit Quality - The non-performing loan ratio remained stable at 1.07%, unchanged from the previous year[6] - The company's provision coverage ratio improved to 245.51%, an increase of 0.30 percentage points from the end of the previous year[18] - The group's credit impairment losses for the three months ended March 31, 2024, were RMB 16,050 million, compared to RMB 10,991 million in the same period last year, indicating an increase of 46.4%[32] - The non-performing loan ratio remained stable at 1.07%, unchanged from the end of the previous year, with a non-performing loan balance of 59.42 billion yuan, an increase of 929 million yuan[18] Investment and Income - The company reported a significant increase in investment income, which rose by 84.84% to RMB 13,741 million compared to the same period last year[10] - The company's non-interest income reached 205.09 billion yuan, a year-on-year increase of 2.69%[18] - The group received RMB 886,403 million from investment recoveries, an increase from RMB 622,809 million in the previous year[37] Cash Flow - The net cash flow from operating activities for the group was RMB 186,393 million, a decrease from RMB 452,630 million in the same period last year[38] - The net cash outflow from investment activities was RMB 768,169 million, compared to RMB 787,949 million in the same period last year[37] - The net cash flow from financing activities was RMB 46,479 million, compared to RMB 24,624 million in the same period last year[37] - The group recorded a net decrease in cash and cash equivalents of RMB 186,393 million, compared to a net increase of RMB 452,630 million in the previous year[38] Customer and Market Position - The number of corporate clients increased to 1.4329 million, a growth of 2.25% compared to the end of the previous year[18] - The average interest rate for newly issued loans was 4.10%, maintaining a competitive level among joint-stock commercial banks[17] - Customer deposits and interbank deposits increased by RMB 220,785 million, compared to an increase of RMB 323,008 million in the previous year[36]