XIANMEN BANK(SH:601187)2024-04-29 12:07Financial Performance - Net profit attributable to shareholders of the parent company for Q1 2024 was RMB 752,440 thousand, representing a year-on-year increase of 4.35%[6] - Basic earnings per share for Q1 2024 was RMB 0.26, up 4.00% from RMB 0.25 in Q1 2023[6] - The company's total operating income for Q1 2024 was RMB 1,488,662 thousand, reflecting a year-on-year increase of 3.68%[6] - Net profit for Q1 2024 reached RMB 770,002 thousand, up from RMB 741,640 thousand in Q1 2023, representing an increase of 3.86%[46] - Operating income for Q1 2024 was RMB 1,488,662 thousand, compared to RMB 1,435,755 thousand in Q1 2023, marking a growth of 3.68%[46] - The bank's comprehensive income for Q1 2024 was RMB 1,005,579 thousand, compared to RMB 940,974 thousand in Q1 2023, an increase of 6.88%[48] - The bank's basic/diluted earnings per share for Q1 2024 was RMB 0.26, compared to RMB 0.25 in Q1 2023, showing a growth of 4%[48] Asset and Equity - Total assets as of March 31, 2024, reached RMB 393,155,050 thousand, an increase of 0.64% compared to December 31, 2023[5] - Total equity attributable to shareholders of the parent company increased to RMB 30,787,035 thousand, a rise of 3.06% from the end of 2023[5] - The bank's total equity increased to RMB 31,447,627 thousand as of March 31, 2024, from RMB 30,514,043 thousand as of December 31, 2023, reflecting a growth of 3.05%[43] Liabilities and Loans - The company's total liabilities amounted to RMB 361.71 billion, a 0.43% increase from the previous year-end[29] - As of March 31, 2024, total liabilities increased to RMB 361,707,424 thousand from RMB 360,149,816 thousand as of December 31, 2023, reflecting a growth of 0.43%[43] - Customer loans and advances totaled RMB 210.33 billion, up from RMB 209.70 billion at the end of the previous year[29] Cash Flow - The net cash flow from operating activities for Q1 2024 was RMB -2,192,829 thousand, with the change being not applicable due to the previous period being negative[17] - Cash flow from operating activities for Q1 2024 was negative at RMB -2,192,829 thousand, an improvement compared to RMB -20,603,722 thousand in Q1 2023[50] - The net cash flow from financing activities in Q1 2024 was RMB 1,784,514 thousand, down from RMB 5,879,122 thousand in Q1 2023, indicating a decrease of about 70%[53] Risk and Quality Indicators - The non-performing loan ratio improved to 0.74%, down by 0.02 percentage points from the end of the previous year, indicating stable asset quality[27] - The provision coverage ratio stood at 412.01%, slightly down by 0.88 percentage points, maintaining sufficient risk compensation capacity[27] - The liquidity coverage ratio was reported at 220.69%, down from 315.54% at the end of the previous year[36] - The company's core Tier 1 capital adequacy ratio improved to 10.14% as of March 31, 2024, compared to 9.86% at the end of the previous year[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,735[18] - The top shareholder, Xiamen Jinyuan Investment Group Co., Ltd., holds 506,147,358 shares, accounting for 19.18% of total shares[18] Investment and Income - Net interest income decreased to RMB 985,916 thousand in Q1 2024 from RMB 1,127,691 thousand in Q1 2023, a decline of 12.53%[46] - The bank's investment income surged to RMB 279,896 thousand in Q1 2024 from RMB 43,382 thousand in Q1 2023, a significant increase of 546.36%[46] Cash and Equivalents - The ending balance of cash and cash equivalents as of March 31, 2024, was RMB 26,152,890 thousand, compared to RMB 9,190,914 thousand at the end of Q1 2023, showing a significant increase[53] - The impact of exchange rate changes on cash and cash equivalents was RMB 10,521 thousand in Q1 2024, a positive shift from a negative impact of RMB 24,474 thousand in Q1 2023[53]