郑州银行(002936) - 2024 Q1 - 季度财报

Financial Performance - Operating income for Q1 2024 was RMB 3,400,099 thousand, an increase of 2.47% compared to RMB 3,318,262 thousand in Q1 2023[3] - Net profit attributable to shareholders for Q1 2024 was RMB 967,445 thousand, a decrease of 18.57% from RMB 1,188,068 thousand in Q1 2023[3] - Basic earnings per share for Q1 2024 was RMB 0.11, down 15.38% from RMB 0.13 in Q1 2023[3] - The group's net profit for Q1 2024 was RMB 991,224 thousand, down 20.1% from RMB 1,239,919 thousand in Q1 2023[34] - Net interest income for the group was RMB 2,856,050 thousand for the first quarter of 2024, a decrease of 3.0% from RMB 2,945,535 thousand in the same period of 2023[32] - The total comprehensive income for the group reached RMB 1,283,968 thousand, an increase from RMB 1,241,778 thousand in the same period last year, representing a growth of approximately 3.4%[36] - The total comprehensive income attributable to shareholders of the bank was RMB 1,260,189 thousand, up from RMB 1,189,927 thousand in the previous year, representing an increase of approximately 5.9%[36] Asset and Liability Management - Total assets as of March 31, 2024, were RMB 632,851,641 thousand, a slight increase of 0.34% from RMB 630,709,429 thousand at the end of 2023[5] - The bank's total liabilities as of March 31, 2024, were RMB 596,560,834 thousand, compared to RMB 594,678,540 thousand at the end of 2023[26] - The group's total assets reached RMB 632,851,641 thousand as of March 31, 2024, compared to RMB 630,709,429 thousand at the end of 2023, showing a marginal increase of 0.18%[30] - The group's total liabilities as of March 31, 2024, amounted to RMB 577,252,817 thousand, a slight increase from RMB 576,394,573 thousand as of December 31, 2023, representing a growth of 0.15%[28] Capital Adequacy and Risk Management - The capital adequacy ratio was 11.85% as of March 31, 2024, down from 12.38% at the end of 2023[9] - Core Tier 1 capital increased to CNY 42,803,946 thousand, up from CNY 40,526,517 thousand at the end of 2023, reflecting a growth of 5.62%[11] - The non-performing loan ratio remained stable at 1.87% as of March 31, 2024, unchanged from the end of 2023[9] - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies[24] Income and Expense Analysis - Net commission and fee income decreased by 31.62% year-on-year to CNY 110,412 thousand due to reduced agency and custody business scale[15] - Investment income rose by 39.23% year-on-year to CNY 285,709 thousand, driven by changes in trading bond investment returns[15] - The group's credit impairment losses increased to RMB 1,589,571 thousand in Q1 2024, compared to RMB 1,131,115 thousand in Q1 2023, reflecting a rise of 40.5%[32] - The group reported a decrease in commission income to RMB 143,610 thousand in Q1 2024, down 25.6% from RMB 192,919 thousand in Q1 2023[32] Cash Flow and Liquidity - Net cash flow from operating activities was RMB (102,343) thousand, improving by 85.06% from RMB (685,074) thousand in Q1 2023[3] - The liquidity coverage ratio stood at 182.53%, indicating strong liquidity position[13] - The net cash inflow from operating activities totaled RMB 22,661,715 thousand, down from RMB 32,233,294 thousand year-on-year, reflecting a decline of approximately 29.9%[38] - The net cash outflow from investment activities was RMB 3,534,432 thousand, compared to RMB 3,084,685 thousand in the same period last year, showing an increase of about 14.5%[42] - The net cash inflow from financing activities was RMB 294,666 thousand, a decrease of 91.05% compared to RMB 3,289,500 thousand in the same period last year[44] Shareholder Information - The number of ordinary shareholders reached 98,668, with 98,617 being A-share shareholders[19] - The bank did not report any significant changes in the shareholding structure among the top 10 shareholders during the reporting period[23] - The bank's major shareholders include Zhengzhou Investment Holding Co., Ltd., which holds 6.69% of A shares[22] Operational Highlights - The bank signed contracts with 554 community service points, enhancing customer engagement and service delivery[17] - No new products or technologies were announced during the reporting period, focusing instead on consolidating existing operations[24]