Changshu Bank(601128)2024-04-29 11:28Financial Performance - Total operating income for Q1 2024 reached CNY 2,699,689, an increase of 12.01% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 952,266, reflecting a growth of 19.80% year-on-year[5] - The bank's net profit for Q1 2024 was CNY 1,026,730, compared to CNY 858,150 in Q1 2023, representing a growth of 19.6%[31] - The total comprehensive income attributable to shareholders of the parent company reached CNY 969,782 thousand, up 16.4% from CNY 833,578 thousand in the same period last year[32] - The basic earnings per share for Q1 2024 was CNY 0.35, compared to CNY 0.29 in Q1 2023, reflecting an increase of 20.7%[32] Asset and Liability Management - Total assets increased to CNY 364,675,935, representing a growth of 9.04% compared to the end of the previous year[5] - The total liabilities as of March 31, 2024, were CNY 336,439,802, an increase of 9.5% from CNY 307,325,494 at the end of 2023[30] - The total adjusted on-balance and off-balance sheet assets amounted to CNY 444,267,429, up from CNY 408,141,175 as of December 31, 2023, representing an increase of 8.9%[22] Loan and Deposit Growth - Total deposits reached CNY 283,516,212, an increase from CNY 247,938,809 at the end of 2023[12] - Total loans amounted to CNY 235,242,933, up from CNY 222,439,155 at the end of 2023[12] - The bank's loan and advance amount reached CNY 226,403,794, up from CNY 214,226,530 at the end of 2023, indicating a growth of 5.5%[29] - The net increase in customer deposits and interbank placements was CNY 34,794,585 thousand, compared to CNY 29,196,419 thousand in the previous year, indicating a growth of 19.2%[33] Cash Flow and Liquidity - Net cash flow from operating activities amounted to CNY 16,847,220, up by 28.49% from the previous year[5] - The net cash flow from operating activities for Q1 2024 was CNY 16,847,220 thousand, a significant increase from CNY 13,112,003 thousand in Q1 2023[34] - The total cash and cash equivalents at the end of Q1 2024 amounted to CNY 13,428,969 thousand, up from CNY 10,467,173 thousand at the end of Q1 2023[34] - The liquidity coverage ratio stood at 325.93%, indicating a strong liquidity position compared to regulatory requirements[21] Investment Performance - Investment income surged by 276.76%, driven by increased returns from trading financial assets[9] - The bank's investment income for Q1 2024 was CNY 556,127, significantly higher than CNY 147,607 in Q1 2023, showing a growth of 276.5%[31] - The cash inflow from investment activities in Q1 2024 was CNY 59,884,702 thousand, a substantial rise from CNY 14,328,384 thousand in Q1 2023[34] - The company experienced a net cash outflow from investment activities of -CNY 12,159,642 thousand, compared to -CNY 10,054,332 thousand in the previous year, indicating increased investment activity[34] Shareholder Information - The number of ordinary shareholders reached 40,712, with the top ten shareholders holding a combined 30.59% of the total shares[23] - The largest shareholder, Bank of Communications Co., Ltd., holds 9.01% of the shares, followed by the National Social Security Fund with 3.31%[23] - The company has not reported any significant changes in the shareholding structure due to the transfer of shares among the top shareholders[25] Risk and Capital Management - The non-performing loan ratio stood at 0.76%, slightly up from 0.75% at the end of 2023[15] - The capital adequacy ratio was reported at 13.51%, a slight decrease from 13.86% in the previous quarter[22] - The leverage ratio decreased to 6.20% from 6.51% in the previous quarter, indicating a reduction in financial leverage[22] - As of March 31, 2024, the core tier one capital net amount reached CNY 27,383,576, an increase from CNY 26,392,626 as of December 31, 2023, reflecting a growth of 3.7%[22] Future Outlook - The net cash outflow for the future is projected at CNY 14,905,744, highlighting potential liquidity challenges[21] - The company engaged with 19 institutions during a conference call on January 9, 2024, indicating active investor relations efforts[26]