无锡银行(600908) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for the reporting period reached CNY 1,304,309,000, representing a year-on-year increase of 5.02%[3] - Net profit attributable to shareholders was CNY 598,932,000, reflecting a growth of 9.41% compared to the same period last year[3] - Total comprehensive income amounted to CNY 632,205, an increase from CNY 548,977 year-over-year, reflecting a growth of approximately 15.1%[59] - Basic earnings per share increased to CNY 0.27 from CNY 0.25, marking an 8% rise[59] - The company reported an average return on total assets (annualized) of 1.00% as of March 31, 2024, compared to 0.99% at the end of 2023[52] - The company’s equity attributable to shareholders increased to 21,921,279 million from 21,056,013 million, reflecting a growth of 4.1%[32] - The company reported a decrease in tax payments to CNY 64,956 from CNY 180,936, reflecting a reduction of approximately 64%[61] - Comprehensive income totaled 627,438, compared to 541,804, indicating a growth of approximately 15.8%[80] Assets and Liabilities - Total assets as of the end of the reporting period were CNY 245,280,928,000, an increase of 4.39% from the previous year[3] - Total assets increased to 245,280,928 thousand RMB as of March 31, 2024, up from 234,956,165 thousand RMB at the end of 2023[55] - Total liabilities increased to 222,123,069 million as of March 31, 2024, compared to 213,006,521 million at the end of 2023, marking an increase of 4.9%[37] - The company’s total liabilities increased to 209,439,738 thousand RMB as of March 31, 2024, compared to 199,841,882 thousand RMB at the end of 2023[55] - Total liabilities and shareholders' equity reached 244,017,648, up from 234,040,531, reflecting an increase of about 4.2%[77] Cash Flow - The net cash flow from operating activities decreased by 42.05%, amounting to CNY 5,581,389,000, due to adjustments in asset-liability configuration[3][5] - The net cash flow from operating activities was CNY 5,581,389, a decrease of 42.5% compared to CNY 9,631,965 in the first quarter of 2023[61] - The net cash flow from investment activities was CNY 391,598, a significant improvement compared to a net outflow of CNY 4,938,569 in the previous year[61] - The net cash flow from financing activities was negative at CNY -1,936,686, compared to CNY -75,990 in the first quarter of 2023[75] Deposits and Loans - The total deposits reached CNY 204,909,119,000, up from CNY 194,128,117,000 at the end of the previous year[22] - The total loans amounted to CNY 150,032,963,000, increasing from CNY 143,037,532,000 at the end of the previous year[22] - The net increase in customer deposits and interbank placements reached CNY 12,621,599, up from CNY 11,024,432 in the same quarter last year, representing an increase of approximately 14.5%[61] Investment Income - Investment income rose by 68.50%, attributed to increased gains from the disposal of financial asset investments[5] - The company reported an increase in investment income to 305,217 million in Q1 2024, compared to 181,143 million in Q1 2023, a significant rise of 68.5%[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,632[43] - The largest shareholder, Wuxi Taihu New City Asset Management Co., Ltd., holds 195,369,030 shares, accounting for 8.90% of total shares[43] Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio was reported at 11.15%, slightly up from 11.13% at the end of the previous year[22] - The capital adequacy ratio decreased to 13.83% from 14.41% at the end of 2023[52] - The non-performing loan ratio remained stable at 0.79% for both March 31, 2024, and December 31, 2023[52] - The provision coverage ratio is reported at 515.35%, down from 522.57% at the end of 2023[52] - The cost-to-income ratio improved to 26.14% in Q1 2024 from 32.19% in Q4 2023[52] Management and Strategy - The company is focused on expanding its market presence and enhancing product development strategies, as indicated in the earnings call[83] - The management team, including the president and accounting heads, emphasized ongoing efforts to improve financial performance and shareholder value[84]