QILU BANK(601665)2023-04-27 16:00Financial Performance - Total revenue for Q1 2023 reached RMB 2,863,803,000, an increase of 8.72% year-on-year[4] - Net profit for the quarter was RMB 1,021,617,000, reflecting a growth of 12.24% compared to the same period last year[4] - Total operating income for Q1 2023 was CNY 2,863,803 thousand, an increase of 8.7% compared to CNY 2,634,076 thousand in Q1 2022[26] - Net profit for Q1 2023 reached CNY 1,021,617 thousand, representing a 12.2% increase from CNY 910,184 thousand in the same period last year[26] - Net profit for Q1 2023 reached CNY 990,995 thousand, representing a 12.9% increase compared to CNY 877,308 thousand in Q1 2022[33] - The bank's total profit for Q1 2023 was CNY 1,052,866 thousand, up from CNY 978,004 thousand in Q1 2022, reflecting a growth of 7.6%[33] Assets and Liabilities - The total assets of the bank at the end of the quarter were RMB 529,015,457,000, up 4.55% from the end of the previous year[8] - Total assets as of March 31, 2023, amounted to CNY 529,015,457 thousand, up from CNY 506,013,306 thousand at the end of 2022, reflecting a growth of 4.5%[22][23] - The bank's total liabilities increased to CNY 492,426,002 thousand, up from CNY 470,424,121 thousand at the end of 2022, indicating a growth of 4.7%[23] - The bank's total liabilities increased to CNY 481,781,706 as of March 31, 2023, compared to CNY 460,776,859 at the end of 2022, representing an increase of approximately 4.6%[31] Customer Deposits and Loans - Customer deposits totaled RMB 376,898,092,000, up 7.79% from the previous year-end[9] - Customer deposits increased to CNY 384,782,554 thousand, a rise of 7.7% from CNY 357,426,230 thousand at the end of 2022[23] - The loan total increased to RMB 274,251,157,000, marking a growth of 6.60% year-on-year[8] - The bank's net increase in customer loans and advances was CNY 17,272,129 in Q1 2023, compared to CNY 16,259,151 in Q1 2022, reflecting a growth of about 6.2%[28] Profitability Ratios - The weighted average return on equity (annualized) was 12.12%, an increase of 0.58 percentage points year-on-year[7] - The bank's basic earnings per share rose to RMB 0.20, reflecting a year-on-year increase of 17.65%[4] - Earnings per share for Q1 2023 were CNY 0.20, up from CNY 0.17 in Q1 2022[27] Non-Performing Loans - The non-performing loan ratio improved to 1.28%, a decrease of 0.01 percentage points from the previous year-end[10] - The total amount of non-performing loans is CNY 3,504,337, accounting for 1.28% of total loans as of March 31, 2023[16] - The bank's non-performing loan ratio remained stable, with credit impairment losses recorded at CNY 955,655 thousand, compared to CNY 858,816 thousand in Q1 2022[26] Cash Flow - The net cash flow from operating activities surged to RMB 11,401,642,000, a significant increase of 375.99% compared to the same period last year[6] - Net cash flow from operating activities for Q1 2023 was CNY 11,401,642, a significant increase from CNY 2,395,349 in Q1 2022, representing a growth of approximately 376%[28] - The net cash flow from investing activities for Q1 2023 was -CNY 5,471,807, an improvement from -CNY 10,087,095 in Q1 2022[29] - Investment activities resulted in a net cash outflow of CNY -5,468,019 thousand, an improvement from CNY -10,083,181 thousand in the previous year[37] Capital and Ratios - The capital adequacy ratio remained strong, with core tier one capital reaching RMB 30,972,174,000, an increase of RMB 1,012,557,000 from the previous year-end[11] - The net primary capital as of March 31, 2023, is CNY 35,975,876, an increase of CNY 1,001,836 from December 31, 2022[12] - The leverage ratio stands at 5.86% as of March 31, 2023, slightly down from 5.88% at the end of 2022[13] - The net stable funding ratio is 151.81% as of March 31, 2023, compared to 149.08% at the end of 2022[14] - The liquidity coverage ratio is 218.08% as of March 31, 2023, down from 277.77% at the end of 2022[15] Other Comprehensive Income - Other comprehensive income after tax for Q1 2023 was CNY 98,653 thousand, a significant improvement from a loss of CNY 136,319 thousand in Q1 2022[27] - The bank reported a significant increase in other comprehensive income, with a net amount of CNY 98,653 thousand compared to a loss of CNY -136,319 thousand in the previous year[35] Shareholder Information - The total number of shareholders is 74,302, with the largest shareholder being Commonwealth Bank of Australia, holding 741,374,358 shares (16.18%) as of the report date[18] Convertible Bonds - The company has adjusted the conversion price of its convertible bonds to CNY 5.68 per share, effective from February 6, 2023[21]