华夏银行(600015) - 2024 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2024 was 22,114 million RMB, a decrease of 4.34% compared to the same period last year[2] - Net profit attributable to shareholders was 5,890 million RMB, an increase of 0.61% year-on-year[2] - Basic earnings per share (EPS) was 0.37 RMB, up 19.35% from the previous year[2] - Total operating income for Q1 2024 was RMB 22,114 million, a decrease of 4.3% compared to RMB 23,117 million in Q1 2023[20] - Net profit for Q1 2024 reached RMB 6,006 million, an increase of 0.7% from RMB 5,967 million in Q1 2023[20] - The bank's total comprehensive income for Q1 2024 was RMB 7,594 million, up from RMB 6,202 million in Q1 2023, reflecting a growth of 22.4%[21] - Basic earnings per share for Q1 2024 were RMB 0.37, compared to RMB 0.31 in Q1 2023, representing an increase of 19.4%[21] Asset and Liability Management - Total assets as of March 31, 2024, reached 4,379,952 million RMB, an increase of 2.94% from the end of 2023[4] - The total liabilities amount to RMB 4,050,596 million, reflecting an increase from RMB 3,933,004 million at the end of 2023[19] - The total loan balance at the end of the reporting period is RMB 2,409,445 million, with a year-over-year increase of 4.32%[14] - Total loans increased to 24,094,450 million RMB, a growth of 4.32% from the end of 2023[7] - Total deposits reached 21,975,350 million RMB, an increase of 3.17% compared to the end of last year[7] Credit Quality - Non-performing loan ratio improved to 1.66%, down 0.01 percentage points from the end of last year[4] - The bank's focus on improving asset quality is evident, with a decrease in loss loans by 1.63% year-over-year[14] - Normal and special mention loans account for 95.60% and 2.74% of the total loan balance, respectively[14] - Credit impairment losses decreased to RMB 6,779 million in Q1 2024 from RMB 8,223 million in Q1 2023, a reduction of 17.6%[20] Capital Adequacy and Ratios - The core tier one capital adequacy ratio is 9.44% as of March 31, 2024[12] - The total capital adequacy ratio is 12.55% as of March 31, 2024[12] - The leverage ratio is 6.52% as of March 31, 2024[12] - The liquidity coverage ratio is 133.33% as of March 31, 2024, indicating strong liquidity position[13] - The ratio of loans to deposits is 92.06% as of March 31, 2024, compared to 90.24% at the end of 2023[15] Cash Flow and Operating Activities - Cash flow from operating activities was 26,709 million RMB, down 25.98% year-on-year[5] - The net cash flow from operating activities for Q1 2024 was RMB 26,709 million, a decrease from RMB 36,085 million in Q1 2023[22] Shareholder Information - The top three shareholders are Shougang Group Co., Ltd. (21.68%), State Grid Yingda International Holdings Group Co., Ltd. (19.33%), and China People's Property Insurance Co., Ltd. (16.11%)[8] - The total number of ordinary shareholders at the end of the reporting period is 90,340[8] Debt and Securities - The bank issued RMB 30 billion in financial bonds with a fixed interest rate of 2.43%, maturing in 2027[17] - The bank issued debt securities, raising RMB 32,000 million in Q1 2024, compared to RMB 30,000 million in the same period last year[23] Liquidity Management - The qualified high-quality liquid assets amount to RMB 523,363 million as of March 31, 2024[13] - The net cash outflow over the next 30 days is RMB 392,529 million[13] - The liquidity ratio for RMB is 66.16%, while the total liquidity ratio is 70.42%[16]