QILU BANK(601665)2024-04-26 11:02Financial Performance - Net profit for the first quarter was RMB 1.18 billion, representing a year-on-year growth of 15.43%[4] - Operating income amounted to RMB 3.02 billion, up 5.53% from the same period last year[4] - Net profit for Q1 2024 reached CNY 1,179,235 thousand, a 15.4% increase compared to CNY 1,021,617 thousand in Q1 2023[24] - Total operating income for Q1 2024 was CNY 3,022,280 thousand, up 5.5% from CNY 2,863,803 thousand in the same period last year[24] - The bank's basic earnings per share for Q1 2024 was CNY 0.22, compared to CNY 0.20 in Q1 2023, reflecting a 10% increase[25] - Investment income for Q1 2024 was CNY 307,841 thousand, a significant increase from CNY 205,743 thousand in Q1 2023, representing a growth of 49.6%[24] - The total comprehensive income for Q1 2024 was CNY 1,442,901 thousand, compared to CNY 1,089,648 thousand in Q1 2023[33] Asset and Liability Management - Total assets reached RMB 624.85 billion, an increase of 3.31% compared to the end of the previous year[8] - The loan total was RMB 317.65 billion, an increase of 5.82% year-on-year, accounting for 50.84% of total assets[7] - Customer deposits totaled RMB 402.61 billion, a growth of 1.14% from the end of the previous year[9] - The bank's total liabilities rose to CNY 581,020,343 thousand as of March 31, 2024, compared to CNY 562,992,498 thousand at the end of 2023, marking a 3.2% increase[22] - The bank's total liabilities increased to 568,720,884 thousand RMB from 551,370,392 thousand RMB, representing a growth of approximately 3.2%[30] Loan Quality and Risk Management - The non-performing loan ratio improved to 1.25%, a decrease of 0.01 percentage points from the end of the previous year[10] - The total amount of non-performing loans is CNY 3,965,656, representing 1.25% of total loans[16] Capital Adequacy and Ratios - The capital adequacy ratio was maintained with core Tier 1 capital at RMB 35.57 billion, up from RMB 34.22 billion year-on-year[11] - As of March 31, 2024, the core Tier 1 capital adequacy ratio is 10.23%, up from 10.16% at the end of 2023[12] - The total capital adequacy ratio stands at 15.51%, up from 15.38% at the end of 2023[12] - The leverage ratio increased to 6.10% as of March 31, 2024, compared to 6.03% at the end of 2023[13] Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 1.50 billion, a decline of 113.14% compared to the previous year[6] - In Q1 2024, the net cash flow from operating activities was -1,498,385 thousand RMB, a significant decrease compared to 11,401,642 thousand RMB in Q1 2023[27] - The bank's cash and cash equivalents decreased to 22,571,546 thousand RMB from 27,393,925 thousand RMB, reflecting a reduction of about 17.5%[28] - The net cash flow from financing activities was 4,509,613 thousand RMB, a turnaround from -6,298,327 thousand RMB in Q1 2023[28] Digital Transformation and Strategic Initiatives - The bank's digital transformation and three-year planning continue to drive stable growth and high-quality development[7] Shareholder Information - The total number of ordinary shareholders as of the report date is 61,091[18] - Cumulative conversion of "Qilu Convertible Bonds" reached CNY 1,395,174,000, resulting in an increase of 254,126,001 shares[19]