交通银行(03328) - 2023 Q1 - 季度业绩

Financial Performance - Net operating income for Q1 2023 was RMB 67,169 million, a decrease of 5.47% from the adjusted figure of RMB 63,687 million for Q1 2022[3] - Profit before tax for Q1 2023 was RMB 26,402 million, showing an increase of 5.04% compared to the adjusted figure of RMB 25,134 million for Q1 2022[3] - Net profit attributable to shareholders was RMB 24,633 million, up by 5.63% from the adjusted figure of RMB 23,320 million for Q1 2022[3] - Basic earnings per share for Q1 2023 were RMB 0.33, reflecting a growth of 6.45% compared to RMB 0.31 for Q1 2022[3] - The company reported a net profit of RMB 24,951 million for the first quarter of 2023, an increase from RMB 23,313 million in the same period of 2022[23] - The company’s total comprehensive income for the first quarter of 2023 was RMB 24,140 million, compared to RMB 19,597 million in the first quarter of 2022[26] Assets and Liabilities - As of March 31, 2023, total assets reached RMB 13,654,273 million, an increase of 5.10% compared to the adjusted figure of RMB 12,991,571 million from December 31, 2022[3] - Total liabilities were RMB 12,596,687 million, up by 5.34% from the adjusted figure of RMB 11,958,049 million as of December 31, 2022[3] - The total adjusted on-balance and off-balance sheet assets amounted to RMB 14,983.789 billion, up from RMB 14,349.614 billion in the previous quarter, indicating a growth of approximately 4.4%[35] Customer Loans and Deposits - Customer loans amounted to RMB 7,681,405 million, reflecting a growth of 5.30% from the adjusted figure of RMB 7,294,965 million as of December 31, 2022[3] - Customer deposits increased to RMB 8,498,740 million, representing a rise of 6.91% compared to the adjusted figure of RMB 7,949,072 million from December 31, 2022[3] - The total customer loans at the end of the reporting period amounted to CNY 7,681.405 billion, an increase of CNY 386.44 billion, or 5.30% compared to the end of the previous year[16] - The total customer deposits reached CNY 8,498.740 billion, an increase of CNY 549.668 billion, or 6.91% compared to the end of the previous year[17] Interest Income and Margin - The net interest income for Q1 2023 was CNY 40.648 billion, a decrease of CNY 1.871 billion, or 4.40% year-on-year[12] - The net interest margin for Q1 2023 was 1.33%, down 23 basis points year-on-year[12] - Interest income for the first quarter of 2023 was RMB 112,010 million, compared to RMB 99,665 million in the first quarter of 2022, reflecting a growth of approximately 12.5%[23] Non-Performing Loans and Provisions - The non-performing loan balance was CNY 102.945 billion, an increase of CNY 4.419 billion, or 4.49% compared to the end of the previous year[19] - As of March 31, 2023, the total loans amounted to RMB 7,681,405 million, with a non-performing loan (NPL) ratio of 1.34%, slightly down from 1.35% at the end of 2022[21] - The provision coverage ratio was 183.25%, an increase of 2.57 percentage points compared to the end of the previous year[19] Capital Adequacy and Ratios - The capital adequacy ratio stood at 14.79%, with a Tier 1 capital ratio of 12.07% and a core Tier 1 capital ratio of 10.03%, all meeting regulatory requirements[31] - The group's core tier 1 capital net amount reached RMB 863.3 billion, an increase from RMB 840.164 billion in December 2022, reflecting a growth of approximately 2.7%[32] - The tier 1 capital adequacy ratio improved to 12.07%, up from 12.18% in the previous quarter, indicating a slight decrease in capital efficiency[32] - The core tier 1 capital adequacy ratio was reported at 10.03%, slightly down from 10.06% in the previous quarter, indicating a need for improved capital management[32] Cash Flow and Investments - The net cash flow from operating activities for the three months ended March 31, 2023, was RMB 132,977 million, compared to RMB 101,621 million for the same period in 2022, representing a 30.8% increase[29] - The net cash used in investing activities was RMB 101,697 million, compared to RMB 73,861 million in the previous year, indicating an increase of 37.7%[30] - The net increase in cash and cash equivalents for the period was RMB 51,118 million, compared to RMB 41,536 million in the same period last year, reflecting a growth of 23.0%[30] Shareholder Information - The total number of ordinary shareholders was 342,987, with 311,999 holding A-shares and 30,988 holding H-shares[5] - The company’s basic and diluted earnings per share for the first quarter of 2023 were RMB 0.33, up from RMB 0.31 in the same period of 2022[26]