CM BANK(03968)2023-04-26 09:28Loan and Asset Quality - As of the end of the reporting period, the total loan and advance balance was RMB 5,720,708 million, with a non-performing loan balance of RMB 54,214 million, resulting in a non-performing loan ratio of 0.95%[13] - The non-performing loan balance for retail loans was RMB 28,009 million, with a non-performing loan ratio of 0.90%[13] - The company reported a total of RMB 2,097,114 million in loans, with a non-performing loan balance of RMB 26,205 million, resulting in a non-performing loan ratio of 1.25%[13] - The company’s credit card loans amounted to RMB 884,394 million, with a non-performing loan balance of RMB 15,648 million, leading to a non-performing loan ratio of 1.77%[13] - The company’s consumer loans totaled RMB 202,225 million, with a non-performing loan balance of RMB 2,191 million, resulting in a non-performing loan ratio of 1.08%[13] - The non-performing loan balance was RMB 60.302 billion, an increase of RMB 2.298 billion compared to the end of the previous year, with a non-performing loan ratio of 0.95%, down 0.01 percentage points[40] - The retail loan segment accounted for 53.32% of the total loan balance, with a non-performing loan balance of RMB 28.28 billion and an NPL ratio of 0.89%[65] - The company's loan loss provision balance was RMB 262.03 billion, an increase of RMB 8.61 billion compared to the end of the previous year, with a provision coverage ratio of 463.19%[68] - The company generated new non-performing loans of RMB 16,023 million in the first quarter of 2023, a year-on-year increase of RMB 587 million, with a non-performing loan generation rate of 1.09%, down 0.07 percentage points year-on-year[115] Financial Performance - The net profit attributable to shareholders was RMB 38.839 billion, a year-on-year increase of 7.82%[44] - For Q1 2023, the group achieved a net operating income of RMB 90.625 billion, a year-on-year decrease of 1.49%[77] - The total net profit for Q1 2023 was CNY 39.226 billion, compared to CNY 36.309 billion in Q1 2022, representing an increase[106] - The bank's pre-tax profit for Q1 2023 was RMB 46,881 million, an increase of 5.7% compared to RMB 44,367 million in Q1 2022[128] - The total operating income decreased to RMB 89,832 million in Q1 2023, down 1.9% from RMB 91,415 million in Q1 2022[124] - Net interest income for Q1 2023 was RMB 55,409 million, a slight increase of 1.7% compared to RMB 54,464 million in Q1 2022[124] - The group achieved non-interest income of RMB 35.216 billion in Q1 2023, a year-on-year decrease of 6.18%, accounting for 38.86% of total operating income[43] - Net fee and commission income was RMB 25.079 billion, down 12.60% year-on-year, while other non-interest income increased by 14.67% to RMB 10.137 billion, mainly due to increased bond and fund investment income[43] Capital Adequacy and Structure - The core Tier 1 capital adequacy ratio under the advanced approach was 13.41%, while the total capital adequacy ratio was 17.39%, reflecting a decrease due to accelerated asset scale investment in Q1 2023[17] - The core tier 1 capital net amount was CNY 735.333 billion, an increase of 4.89% from CNY 701.033 billion at the end of the previous year[100] - The tier 1 capital adequacy ratio was 15.03%, a decrease of 0.39 percentage points from 15.42% at the end of the previous year[100] - The company's leverage ratio at the end of 2022 was 7.95%, indicating a stable capital structure[18] - The company's core tier 1 capital adequacy ratio was 12.98%, tier 1 capital adequacy ratio was 15.03%, and total capital adequacy ratio was 17.15% as of the end of the reporting period[119] Customer Deposits and Assets - Customer deposits increased to RMB 7,832,912 million, compared to RMB 7,590,579 million at the end of 2022[26] - Customer deposits totaled RMB 7,771.878 billion, reflecting a year-on-year growth of 3.13%[51] - The total assets and equity of the bank reached RMB 10,508,752 million, up from RMB 10,138,912 million at the end of 2022[26] - Total assets reached RMB 10,508.752 billion as of March 31, 2023, an increase of 3.65% from the end of the previous year[44] - The total assets of the group reached RMB 12,013.88 billion, reflecting a growth of 3.84% compared to the end of the previous year[70] Operating Expenses and Efficiency - Operating expenses increased by 4.65% year-on-year to RMB 27.323 billion, with employee expenses rising by 2.92%[54] - The cost-to-income ratio was 27.59%, an increase of 1.49 percentage points year-on-year[54] - The return on average total assets (ROAA) was 1.50%, a decrease of 0.04 percentage points year-on-year[77] - The average return on equity (ROAE) was 18.43%, down by 0.81 percentage points compared to the previous year[77] - The weighted average return on equity for ordinary shareholders was 18.43%, down 0.81 percentage points from the previous year[44] Risk Management and Strategy - The bank's strategy focuses on balanced development in quality, efficiency, and scale, with steady growth in asset size and net profit[39] - The company aims to strengthen risk management in the real estate sector by closely monitoring market dynamics and differentiating risks between project subsidiaries and the holding company[62] - The company will enhance risk monitoring in key areas such as real estate and large group clients, and implement targeted control measures[97] - The company aims to maintain overall asset quality stability while increasing the efficiency of non-performing asset disposal[97] - The company plans to continue supporting rigid and improved housing demand while enhancing financial support for housing rentals[62] - The company will focus on selecting residential projects with self-repayment capabilities and commercial sustainability to maintain stable real estate financing[62]