Financial Performance - Operating income for Q1 2024 reached RMB 3,688,178 thousand, an increase of 19.39% compared to RMB 3,089,260 thousand in Q1 2023[3] - Net profit attributable to shareholders for Q1 2024 was RMB 1,080,635 thousand, up 18.74% from RMB 910,066 thousand in the same period last year[3] - Basic and diluted earnings per share for Q1 2024 were both RMB 0.19, reflecting an 18.75% increase from RMB 0.16 in Q1 2023[3] - For the period from January 1 to March 31, 2024, the net profit was RMB 1,119,837 thousand, an increase from RMB 947,175 thousand in the same period of 2023, representing a growth of approximately 18.2%[24] - The net profit before tax for the period from January 1 to March 31, 2024, was RMB 1,307,392 thousand, up from RMB 1,044,572 thousand in the same period of 2023, reflecting a year-on-year increase of 25.3%[30] Assets and Liabilities - Total assets as of March 31, 2024, amounted to RMB 623,070,530 thousand, representing a 2.48% increase from RMB 607,985,372 thousand at the end of 2023[3] - Total liabilities increased by 2.36% to RMB 581,427,787 thousand as of March 31, 2024, compared to RMB 568,046,129 thousand at the end of 2023[3] - The total liabilities and equity as of March 31, 2024, amounted to RMB 623,070,530 thousand, an increase from RMB 607,985,372 thousand as of December 31, 2023[28] Capital and Ratios - The return on average equity (annualized) improved to 12.90% in Q1 2024, up from 12.19% in Q1 2023, an increase of 0.71 percentage points[3] - The capital adequacy ratio as of March 31, 2024, was 13.46%, up from 12.79% at the end of 2023[7] - The core tier 1 capital adequacy ratio reached 8.98% as of March 31, 2024, compared to 8.42% at the end of 2023[9] - The leverage ratio stood at 6.07% as of March 31, 2024, up from 5.83% at the end of 2023[10] - The liquidity coverage ratio improved to 178.14% as of March 31, 2024, compared to 158.11% at the end of 2023[11] Loan and Deposit Information - As of March 31, 2024, the total customer loans amounted to RMB 317,040,720 thousand, reflecting a year-over-year increase of 5.65%[9] - The total deposits from customers were RMB 390,109,637 thousand, showing a slight increase of 1.05% year-over-year[9] - Customer loans totaled CNY 317.041 billion, increasing by CNY 16.951 billion or 5.65% from the previous year, and up CNY 33.854 billion or 11.95% year-over-year[13] - Loans to private enterprises reached CNY 78.575 billion, an increase of CNY 6.116 billion or 8.44% from the previous year[14] Income and Expenses - Net interest income was CNY 2.367 billion, an increase of CNY 169 million or 7.70% year-over-year[13] - Non-interest income grew to CNY 1.321 billion, up CNY 430 million or 48.18% year-over-year[13] - Interest income received during the first quarter of 2024 was RMB 4,554,887 thousand, compared to RMB 4,180,031 thousand in the same period of 2023, reflecting an increase of 9%[32] - The bank reported a significant increase in credit impairment losses, which rose to RMB 1,390,023 thousand in Q1 2024 from RMB 1,120,443 thousand in Q1 2023, indicating a year-on-year increase of 24.1%[30] Risk Management - The non-performing loan ratio remained stable at 1.18% as of March 31, 2024, unchanged from the end of 2023[7] - The coverage ratio for provisions increased to 232.35%, up 6.39 percentage points from the previous year[14] - The ratio of normal loans was 98.33% of total loans as of March 31, 2024, indicating a year-over-year increase of 5.71%[12] - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place[21] Cash Flow - The cash flow from operating activities for the first quarter of 2024 was a net outflow of RMB 4,190,388 thousand, compared to a net inflow of RMB 5,931,055 thousand in the same period of 2023[31] - The net cash generated from financing activities in Q1 2024 was RMB 1,764,486 thousand, compared to a net outflow of RMB 739,025 thousand in Q1 2023[32] Other Financial Metrics - The bank's cash and deposits with the central bank increased to RMB 32,894,111 thousand from RMB 31,043,664 thousand, showing a rise of about 5.9%[26] - The bank's financial investments measured at fair value increased to RMB 61,612,058 thousand from RMB 58,269,523 thousand, reflecting a growth of approximately 4.0%[26] - The bank's cash and cash equivalents increased to RMB 18,580,681 thousand as of March 31, 2024, from RMB 16,180,501 thousand at the end of Q1 2023, marking a rise of 14.8%[32] - The bank's total comprehensive income for the period increased to RMB 1,530,874 thousand as of March 31, 2024, compared to RMB 947,211 thousand as of December 31, 2023, showing a growth of 61.6%[28]
青岛银行(03866) - 2024 Q1 - 季度业绩