江阴银行(002807) - 2024 Q1 - 季度财报

Financial Performance - Total operating income for Q1 2024 reached RMB 1,062,718,000, an increase of 2.56% compared to RMB 1,036,179,000 in the same period last year[9] - Net profit attributable to shareholders was RMB 349,695,000, reflecting a year-on-year growth of 12.72% from RMB 310,225,000[9] - The bank's basic earnings per share for Q1 2024 was RMB 0.1479, up 3.57% from RMB 0.1428 in the same period last year[9] - Net profit for Q1 2024 reached RMB 351,492 thousand, an increase of 13.2% compared to RMB 310,553 thousand in Q1 2023[50] - Basic earnings per share improved to RMB 0.1479, up from RMB 0.1428 in the previous year, reflecting a growth of 3.6%[50] Asset and Liability Management - The bank's total assets as of March 31, 2024, amounted to RMB 186,311,006,000, a slight increase of 0.15% from the end of the previous year[9] - The total liabilities decreased slightly to RMB 168,718,299 thousand from RMB 169,953,616 thousand, a decline of 0.73%[47] - The bank's loan balance was RMB 1,208,960,000, reflecting a growth of 4.81% since the beginning of the year[11] - The total loans reached RMB 120,895,539 thousand, an increase from RMB 115,352,491 thousand at the end of 2023, reflecting a growth of 4.39%[34] - Customer deposits totaled RMB 1,475,000,000, marking a 5.96% increase from the start of the year[11] - Customer deposits grew to RMB 149,921,759 thousand, an increase of 5.4% from RMB 142,367,607 thousand[47] Risk Management - The non-performing loan ratio stood at 0.97%, a decrease of 0.01 percentage points from the beginning of the year[12] - The non-performing loan ratio remained stable at 0.97%, slightly down from 0.98% in 2023, indicating effective credit risk management[25] - The bank's credit impairment losses decreased to RMB 441,839 thousand from RMB 473,886 thousand, a reduction of 6.8%[50] Capital Adequacy - The capital adequacy ratio reached 15.32%, up by 1.08 percentage points compared to the end of the previous year[12] - The capital adequacy ratio improved to 15.32% in Q1 2024, compared to 14.24% in 2023, exceeding the regulatory standard of 10.5%[25] - The bank's capital reserve increased significantly to RMB 2,143,660 thousand from RMB 908,173 thousand, showing a growth of 135.5%[47] - The bank's leverage ratio improved to 8.47% as of March 31, 2024, up from 7.76% at the end of 2023, indicating a stronger capital position[32] Cash Flow Analysis - The net cash flow from operating activities was negative at RMB -4,630,014 thousand, a significant decline of 1348.88% compared to RMB -319,559 thousand in the same period last year[22] - The net cash flow from investment activities increased by 87.56% to RMB 3,719,942 thousand, up from RMB 1,983,350 thousand year-over-year[22] - Cash inflow from investment activities totaled ¥5,044,078 thousand, an increase from ¥4,169,906 thousand, resulting in a net cash flow from investment activities of ¥3,719,942 thousand, up from ¥1,983,350 thousand[53] - Cash inflow from financing activities amounted to ¥2,009,581 thousand, with a net cash flow of ¥1,367,862 thousand, recovering from a negative cash flow of ¥1,854,544 thousand in the previous period[53] Shareholder Information - The total number of common shareholders at the end of the reporting period is 50,771[37] - Jiangsu Jiangnan Water Co., Ltd. holds 5.76% of shares, amounting to 141,819,494 shares[37] - Hong Kong Central Clearing Limited holds 4.08% of shares, amounting to 100,436,200 shares[37] - Jiangyin New Jinnan Investment Development Co., Ltd. holds 3.69% of shares, amounting to 90,892,500 shares[38] - Jiangyin Development Zone Shengan Park Investment Co., Ltd. holds 3.61% of shares, amounting to 88,978,066 shares[38] - Jiangyin New Guolian Power Development Co., Ltd. holds 3.01% of shares, amounting to 74,157,498 shares[38] - Jiangyin Changjiang Investment Group Co., Ltd. holds 2.86% of shares, amounting to 70,450,000 shares, with 39,606,900 shares pledged[38] - The company plans to repurchase shares worth between 10 million and 20 million RMB within six months, with 937,111 shares purchased so far, representing 0.04% of total shares[41] - Jiangsu Jiangnan Water Co., Ltd. has become the largest shareholder of the company by converting bonds into 141,819,494 shares, representing 6.13% of total shares[43] - The company has received approval for Jiangsu Jiangnan Water Co., Ltd. to increase its shareholding to between 5% and 10%[43] Operational Efficiency - The bank's net interest margin decreased to 1.70% in Q1 2024 from 2.06% in 2023, reflecting changes in interest income and expenses[26] - The bank's total assets return rate was 0.76% in Q1 2024, down from 1.14% in 2023, indicating a decline in profitability[26] - Net interest income decreased to RMB 708,583 thousand from RMB 809,088 thousand, reflecting a decline of 12.4%[50] - The bank reported a decrease in cash inflow from interest, fees, and commissions to ¥1,516,911 thousand from ¥1,563,565 thousand, a decline of approximately 3%[53] - The bank's cash outflow for interest, fees, and commissions increased to ¥1,508,169 thousand from ¥1,107,759 thousand, representing a rise of about 36%[53] Accounting and Reporting - The bank did not execute any new accounting standards for the first quarter of 2024, and the report was not audited[56]