NJBK(SH:601009)2024-04-26 11:26Financial Performance - The company's operating revenue for Q1 2024 was CNY 13,319,640, representing a year-on-year increase of 2.83% compared to CNY 12,953,215 in Q1 2023[4] - Net profit attributable to shareholders was CNY 5,705,829, up 5.14% from CNY 5,426,811 in the same period last year[4] - The net profit excluding non-recurring gains and losses increased by 7.83% to CNY 5,634,836 from CNY 5,225,553[4] - Basic earnings per share rose to CNY 0.55, an increase of 5.77% from CNY 0.52[5] - The company reported a net profit attributable to shareholders of CNY 5.706 billion for Q1 2024, up CNY 0.279 billion or 5.14% year-on-year[15] - Net profit for Q1 2024 reached RMB 5,750,607 thousand, a 5.2% increase compared to RMB 5,468,299 thousand in Q1 2023[33] Asset and Liability Management - Total assets as of March 31, 2024, reached CNY 2,396,263,521, reflecting a 4.72% increase from CNY 2,288,275,916 at the end of 2023[5] - The company's total liabilities increased by 59.44% to CNY 28,837,506, primarily due to an increase in funds clearing payments[6] - Total liabilities rose to RMB 2,217,151,779 thousand as of March 31, 2024, compared to RMB 2,115,681,851 thousand at the end of 2023, marking an increase of 4.8%[32] - Total assets increased to RMB 2,396,263,521 thousand as of March 31, 2024, up from RMB 2,288,275,916 thousand at the end of 2023, representing a growth of 4.7%[32] Cash Flow Analysis - The net cash flow from operating activities was negative at CNY -3,653,856, a significant decrease of 105.65% compared to CNY 64,661,421 in Q1 2023[4] - The cash flow from operating activities showed a significant decline, indicating potential challenges in the bank's core operations[34] - The net cash flow from operating activities was CNY (3,653,856) thousand, compared to CNY 64,661,421 thousand in the same period last year[34] - The cash inflow from investment activities totaled CNY 353,199,684 thousand, down from CNY 435,846,185 thousand in Q1 2023[34] Customer and Market Growth - The retail customer AUM (Assets Under Management) reached CNY 794.45 billion, an increase of CNY 61.14 billion or 8.34% from the beginning of the year[18] - The company added over 5,000 new customers to its "Xin e Small and Micro" service during the reporting period[17] - The total loan balance for corporate clients was CNY 889.41 billion, an increase of CNY 74.31 billion since the beginning of the year, with significant growth in technology, green, inclusive, and agricultural loans[17] - The personal loan balance reached CNY 284.32 billion, with a focus on improving customer experience and product capabilities[18] Operational Efficiency - The weighted average return on equity decreased to 3.99%, down 0.21 percentage points from 4.20%[5] - The cost-to-income ratio improved to 23.84% as of March 31, 2024, down from 27.16% at the end of 2023, indicating better operational efficiency[29] - The loan migration rate for normal loans decreased to 0.36% from 1.39% at the end of 2023, indicating improved asset quality[25] Investment and Financing Activities - The company issued 8 innovation bonds, 6 green debt financing instruments, and 8 digital RMB bonds to support the real economy[17] - The cash inflow from bond issuance was CNY 112,995,750 thousand, a substantial increase from CNY 9,438,162 thousand in the previous year[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 85,687[8] - The top ten shareholders collectively held 17.33% of the company's total shares, with France's BNP Paribas being the largest shareholder at 15.24%[9]