Xin Lang Cai Jing·2025-04-29 02:35Core Viewpoint - Chongqing Bank's Q1 2025 performance exceeded expectations, with significant growth in new loan issuance and deposits, indicating a strong start to the year [2] Financial Performance - Q1 2025 operating income, PPOP, and net profit attributable to shareholders grew by 5.30%, 4.10%, and 5.33% year-on-year, respectively, with increases of 1.76 percentage points, 1.34 percentage points, and 1.53 percentage points compared to 2024 [1] - The bank's new loan issuance reached 32.95 billion, significantly higher than historical levels, with a year-on-year growth rate of 16.4%, up 4.1 percentage points from the previous year [2] - Total deposits increased by 49.7 billion in Q1 2025, accounting for 83.8% of the total deposits for the previous year, with a year-on-year growth rate of 19.3%, up 5 percentage points [2] Interest Margin and Asset Quality - The net interest margin for Q1 2025 was 1.52%, an increase of 37 basis points from Q4 2024, driven by improvements in both asset and liability sides [2] - The non-performing loan ratio at the end of Q1 2025 was 1.21%, a decrease of 4 basis points from Q4 2024, indicating improved asset quality [2] Revenue Streams - Net fee and commission income turned negative, declining by 1.84% year-on-year due to a high base from the previous year [3] - Other non-interest income saw a significant decline of 69.86% year-on-year, impacted by long-term bond rate adjustments and a high base from the previous year [3] Capital Adequacy - The core Tier 1 capital adequacy ratio decreased to 9.12%, down 0.76 percentage points from Q4 2024, due to adjustments in the bond market and accelerated capital consumption from rapid asset expansion [3] Strategic Focus - The bank is focusing on supporting major regional development strategies, including the Chengdu-Chongqing economic circle and the Western Land-Sea New Corridor, while also enhancing its wealth management and light capital business [3]