苏农银行(603323) - 2024 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2024 reached CNY 1,095,689,000, an increase of 10.56% year-over-year[7] - Net profit attributable to shareholders was CNY 414,204,000, reflecting a growth of 15.83% compared to the same period last year[7] - Net profit excluding non-recurring gains and losses was CNY 415,468,000, up 22.07% year-over-year[7] - Net profit for Q1 2024 reached CNY 411,817 thousand, a 14.8% increase compared to CNY 358,781 thousand in Q1 2023[34] - Total operating income for Q1 2024 was CNY 1,095,689 thousand, up from CNY 991,000 thousand in Q1 2023, reflecting an increase of about 10.6%[34] - Basic earnings per share improved to CNY 0.23 in Q1 2024, compared to CNY 0.20 in Q1 2023[35] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to CNY 211,759,374,000, a 4.54% increase from the end of the previous year[7] - Total assets increased by 4.54% to RMB 211,759,374,000 as of March 31, 2024, compared to RMB 202,564,681,000 at the end of 2023[17] - Total liabilities rose by 4.74% to RMB 195,622,082,000, up from RMB 186,767,919,000[17] - The bank's total liabilities increased to CNY 195,622,082 thousand as of March 31, 2024, compared to CNY 186,767,919 thousand at the end of 2023, marking an increase of approximately 4.6%[31] Cash Flow - The net cash flow from operating activities was negative at CNY -2,395,793,000, a decline of 131.37% year-over-year[10] - In Q1 2024, the net cash flow from operating activities was -2,395,793, a significant decrease compared to 7,638,220 in Q1 2023[38] - The net cash flow from investment activities was -2,422,624, an improvement from -6,217,927 in Q1 2023[39] - The net cash flow from financing activities was 4,177,533, a turnaround from -1,955,378 in Q1 2023[39] Investment and Income - Significant changes in financial data included a 36.59% increase in interbank placements and a 52.37% increase in trading financial assets due to increased bond investments[10] - The company reported a 168.90% increase in investment income, primarily driven by bond investments[10] - The bank reported a significant increase in investment income, which rose to CNY 300,288 thousand in Q1 2024 from CNY 111,671 thousand in Q1 2023[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,332[12] - The top shareholder, Hengtong Group Co., Ltd., holds 124,959,048 shares, representing 6.93% of total shares[12] Ratios and Metrics - The weighted average return on equity increased by 0.25 percentage points to 2.59%[7] - The non-performing loan ratio remained stable at 0.91%[25] - The capital adequacy ratio improved to 11.75% from 11.59%[27] - The cost-to-income ratio decreased to 31.35% from 34.65%[25] - Core Tier 1 capital adequacy ratio was reported at 10.10% as of March 31, 2024[27] Regional Performance - The proportion of loans in Suzhou region rose to 73.01%, up from 71.89%[19] Investor Relations - The bank hosted 7 investor meetings from January 1 to March 31, 2024, including sessions with major financial institutions[14][15]