长沙银行(601577) - 2024 Q1 - 季度财报

Financial Performance - Operating income for Q1 2024 was RMB 6,561,015 thousand, representing a year-on-year increase of 7.89%[4] - Net profit attributable to shareholders was RMB 2,093,275 thousand, reflecting a growth of 5.75% compared to the same period last year[4] - Basic earnings per share for the quarter stood at RMB 0.52, an increase of 6.12% year-on-year[4] - Total operating revenue for Q1 2024 reached RMB 6,561,015 thousand, an increase of 7.9% compared to RMB 6,081,359 thousand in Q1 2023[25] - Net interest income rose to RMB 5,003,825 thousand, up from RMB 4,814,286 thousand, reflecting a growth of 3.9% year-over-year[25] - Net profit attributable to shareholders of the parent company was RMB 2,093,275 thousand, representing an increase of 5.8% from RMB 1,979,370 thousand in the same period last year[26] - Total comprehensive income for the period was RMB 2,274,961 thousand, compared to RMB 1,990,428 thousand in the previous year, indicating a growth of 14.3%[26] - Net profit for Q1 2024 was 2,000,710 thousand RMB, representing an increase of 7.4% from 1,862,143 thousand RMB in Q1 2023[33] - The company reported a total comprehensive income of 2,096,359 thousand RMB for Q1 2024, compared to 1,762,155 thousand RMB in Q1 2023, marking a growth of 19.0%[34] Assets and Liabilities - Total assets at the end of Q1 2024 reached RMB 1,061,303,340 thousand, up 4.05% from the end of the previous year[5] - Total liabilities amounted to RMB 990,777,080 thousand, an increase from RMB 951,713,564 thousand, indicating a growth of 4.1%[24] - The company's total equity reached RMB 70,526,260 thousand, up from RMB 68,319,379 thousand, reflecting a growth of 3.2%[24] - Total assets as of March 31, 2024, amounted to 1,019,943,073, an increase from 979,584,847 as of December 31, 2023[30] - Total liabilities increased to 953,296,632 as of March 31, 2024, compared to 915,034,765 at the end of 2023, reflecting higher borrowing[31] - The company reported a total equity of 66,646,441 as of March 31, 2024, up from 64,550,082 at the end of 2023, indicating growth in shareholder value[31] Loan and Deposit Metrics - The non-performing loan ratio remained stable at 1.15% as of March 31, 2024[13] - The total deposits absorbed amounted to RMB 676.41 billion, increasing by RMB 17.56 billion or 2.66% compared to the beginning of the year[20] - The total loans and advances issued reached RMB 522.32 billion, an increase of RMB 33.93 billion or 6.95% from the beginning of the year[20] - The non-performing loan ratio stood at 1.15%, with a provision coverage ratio of 313.26% and a loan-to-deposit ratio of 3.59%[21] Cash Flow and Liquidity - The bank reported a net cash flow from operating activities of -RMB 23,713,766 thousand, attributed to a decrease in customer deposits and interbank placements[15] - Net cash flow from operating activities for Q1 2024 was -23,713,766, compared to -12,328,943 in Q1 2023, indicating a decline in operational cash flow[27] - Cash inflow from financing activities reached 63,470,568 in Q1 2024, up from 59,495,041 in Q1 2023, showing strong financing support[28] - Net cash flow from financing activities was 27,457,839 in Q1 2024, compared to 18,030,325 in Q1 2023, indicating improved financial health[28] - The cash and cash equivalents balance at the end of Q1 2024 was 6,225,149, down from 35,612,342 at the end of 2023, highlighting liquidity challenges[28] Investment and Other Income - The company’s investment income decreased to RMB 767,591 thousand from RMB 967,539 thousand, a decline of 20.7%[25] - Other income increased to RMB 14,027 thousand from RMB 7,300 thousand, showing a growth of 92.9% year-over-year[25] - The company’s cash and deposits with the central bank amounted to RMB 50.47 billion as of March 31, 2024[23] - The company’s financial investments included trading financial assets of RMB 130.92 billion and debt investments of RMB 246.09 billion[23] - The company’s fixed assets were valued at RMB 14.23 billion, showing a decrease from RMB 14.91 billion at the end of 2023[23]