瑞丰银行(601528) - 2024 Q1 - 季度财报

Financial Performance - The total operating income for Q1 2024 reached CNY 1,054,624, representing a 15.32% increase compared to the same period last year[10] - Net profit attributable to shareholders was CNY 397,694, reflecting a 14.69% year-over-year growth[10] - The net profit excluding non-recurring gains and losses was CNY 393,995, up by 16.57% year-over-year[10] - Basic earnings per share (EPS) for the period was CNY 0.20, an increase of 11.11% year-over-year[10] - Total comprehensive income for Q1 2024 reached CNY 515,900,000, up from CNY 386,639,000 in Q1 2023, representing a growth of 33.3%[29] - Basic and diluted earnings per share for Q1 2024 were CNY 0.20, compared to CNY 0.18 in Q1 2023, reflecting an increase of 11.1%[29] - The total profit for Q1 2024 was 385,353 thousand, compared to 339,097 thousand in Q1 2023, which is an increase of 13.6%[68] - Net profit for Q1 2024 was 401,363 thousand, up from 350,614 thousand in Q1 2023, reflecting a year-over-year increase of 14.5%[68] - The profit attributable to shareholders of the parent company for Q1 2024 was 397,694 thousand, up from 346,749 thousand in Q1 2023, reflecting a growth of 14.7%[68] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -4,095,167, a decline of 131.19% compared to the previous year[10] - Net cash flow from investing activities for Q1 2024 was CNY -3,362,703,000, an improvement from CNY -7,123,656,000 in Q1 2023, indicating a reduction in cash outflow by 52.8%[30] - The net cash increase in cash and cash equivalents for Q1 2024 was CNY -4,378,253,000, a decline from an increase of CNY 8,977,834,000 in Q1 2023[30] - The net cash flow from operating activities for Q1 2024 was -4,169,381 thousand RMB, a significant decrease compared to 12,947,778 thousand RMB in Q1 2023[60] - The cash outflow from operating activities totaled 12,048,310 thousand RMB, significantly higher than 7,180,688 thousand RMB in the previous year[60] - Cash and cash equivalents at the end of Q1 2024 were 7,376,633 thousand, down from 15,621,022 thousand at the end of Q1 2023, a decrease of 52.8%[78] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 206,479,583, a 4.87% increase from the end of the previous year[10] - Total assets as of March 31, 2024, reached CNY 202,810,381, an increase of 4.9% from CNY 193,385,797 at the end of 2023[55] - The bank's total liabilities as of March 31, 2024, amounted to CNY 185,836,757, an increase of 5.5% from CNY 176,920,126 at the end of 2023[55] - The total liabilities increased to 189,093,655 thousand RMB from 180,018,437 thousand RMB at the end of 2023[66] - The bank's total equity increased to CNY 16,973,624 as of March 31, 2024, compared to CNY 16,465,671 at the end of 2023, reflecting a growth of 3.1%[56] - The total equity attributable to shareholders increased to 17,140,535 thousand RMB from 16,628,304 thousand RMB at the end of 2023[66] Loans and Deposits - Total deposits reached CNY 144,201,627, with corporate demand deposits at CNY 30,482,022[13] - The total loan amount was CNY 113,382,140, with corporate loans accounting for CNY 54,318,913[13] - Total loans amounted to CNY 122,490,802,000 as of March 31, 2024, an increase from CNY 113,382,140,000 as of December 31, 2023, representing a growth of 8.5%[37] - The net increase in loans and advances was CNY 9,219,619 in Q1 2024, compared to CNY 6,095,665 in Q1 2023, showing a growth of 51.5%[53] - The company reported a net increase in customer loans and advances of 9,156,022 thousand RMB, compared to 6,012,765 thousand RMB in Q1 2023[60] - In Q1 2024, the net increase in customer deposits and interbank placements was CNY 6,494,516, a decrease of 40.5% from CNY 10,843,404 in Q1 2023[53] Investment and Income - The net interest income for Q1 2024 was CNY 726,343, up 5.5% from CNY 688,937 in Q1 2023[57] - The bank's investment income for Q1 2024 was CNY 336,849, significantly higher than CNY 71,703 in Q1 2023, marking an increase of 369.5%[57] - Investment income for Q1 2024 reached 336,849 thousand, a significant increase from 71,703 thousand in Q1 2023, representing a growth of 369%[68] - The company generated cash from interest, fees, and commissions amounting to 1,695,182 thousand in Q1 2024, compared to 1,403,624 thousand in Q1 2023, an increase of 20.8%[75] Other Financial Metrics - The weighted average return on equity (ROE) was 9.42%, up by 0.22 percentage points from the previous year[10] - The capital adequacy ratio stood at 14.56%, an increase from 13.88% at the end of the previous year[14] - The core Tier 1 capital adequacy ratio was reported at 12.68% as of March 31, 2024, indicating a solid capital position[39] - The non-performing loan ratio stood at 0.97% as of March 31, 2024, indicating stable asset quality[39] - The liquidity coverage ratio was reported at 115.39% as of March 31, 2024, demonstrating strong liquidity position[43] - The company issued bonds worth CNY 7,224,320,000 in Q1 2024, compared to CNY 5,695,780,000 in Q1 2023, marking an increase of 27%[30] Other Income and Expenses - The company recorded other non-operating income of CNY 4,077,000 in Q1 2024, compared to CNY 1,254,000 in Q1 2023, reflecting a significant increase[35] - Total operating expenses for Q1 2024 amounted to 674,093 thousand, compared to 581,299 thousand in Q1 2023, indicating a rise of 16%[68] - Other comprehensive income after tax for Q1 2024 was 114,537 thousand, significantly higher than 36,025 thousand in Q1 2023, marking an increase of 218%[68] - The company reported a credit impairment loss of 350,893 thousand in Q1 2024, compared to 265,806 thousand in Q1 2023, representing a rise of 32%[68] - The company reported a foreign exchange loss of 9,152 thousand in Q1 2024, compared to a loss of 1,510 thousand in Q1 2023, indicating a deterioration in foreign exchange performance[68]