Financial Performance - Net profit attributable to shareholders for Q1 2022 was RMB 57,751 million, reflecting a year-on-year increase of 6.97%[2] - In Q1 2022, the group achieved a net profit of RMB 60.541 billion, representing a year-on-year growth of 5.64%[6] - The net profit for Q1 2022 was RMB 60,541 million, an increase of 3.3% compared to RMB 57,309 million in Q1 2021[13] - Total comprehensive income for Q1 2022 was RMB 46,649 million, down 14.1% from RMB 54,282 million in Q1 2021[13] Earnings and Dividends - Basic earnings per share for Q1 2022 were RMB 0.19, up 7.20% from the same period last year[2] - The company reported a diluted earnings per share of RMB 0.19, consistent with the basic earnings per share[2] - The basic earnings per share for the period was RMB 0.19, compared to RMB 0.18 in the same period last year[12] - The company declared a dividend of approximately USD 101.5 million for the second phase of overseas preferred shares, with a dividend rate of 3.60%[9] Assets and Liabilities - Total assets as of March 31, 2022, reached RMB 27,459.04 million, an increase of 2.76% compared to December 31, 2021[2] - Total assets reached RMB 27,459.038 billion, growing by 2.76% compared to the end of the previous year[8] - Total liabilities increased to RMB 25,064,267 million as of March 31, 2022, compared to RMB 24,371,855 million at the end of 2021[15] Equity and Shareholders - Total equity attributable to shareholders was RMB 2,269,549 million, an increase of 2.00% from the end of 2021[2] - The total number of ordinary shareholders as of March 31, 2022, was 694,509, including 519,977 A-share shareholders and 174,532 H-share shareholders[4] - The largest shareholder, Central Huijin Investment Ltd., held 64.02% of the shares[4] - The second-largest shareholder, Hong Kong Central Clearing Limited, held 27.80% of the shares[4] - The bank's total equity as of March 31, 2022, was RMB 2,394,771 million, an increase from RMB 2,350,553 million at the end of 2021[15] Cash Flow - Net cash flow from operating activities showed a net outflow of RMB 294,137 million, a decline of 150.67% year-on-year[3] - The cash flow from operating activities showed a net outflow of RMB 294,137 million in Q1 2022, compared to an inflow of RMB 580,504 million in Q1 2021[16] - The cash flow from financing activities in Q1 2022 was a net inflow of 64,911 million RMB, compared to a net inflow of 44,557 million RMB in Q1 2021[17] - In Q1 2022, the net cash flow from investment activities was 14,993 million RMB, a significant improvement from a net outflow of 160,081 million RMB in Q1 2021[17] Income and Expenses - The net interest income for the group was RMB 109.933 billion, an increase of 5.54% year-on-year[7] - Non-interest income decreased to RMB 51.218 billion, down 4.63% year-on-year, accounting for 31.78% of total operating income[7] - The group’s operating expenses increased to RMB 57.472 billion, up 6.96% year-on-year[7] Loans and Deposits - Customer deposits totaled RMB 19,178.123 billion, reflecting a growth of 5.71% from the end of the previous year[8] - Customer loans and advances net amount reached RMB 16,105,641 million, up from RMB 15,322,484 million as of December 31, 2021[14] - The bank's customer deposits increased to RMB 19,178,123 million, up from RMB 18,142,887 million at the end of 2021[15] - The bank's net increase in customer loans and advances was RMB (806,757) million in Q1 2022, compared to RMB (783,960) million in Q1 2021[16] Capital Adequacy and Ratios - The core Tier 1 capital adequacy ratio stood at 11.33%[6] - The core tier 1 capital adequacy ratio as of March 31, 2022, was 11.33%, slightly up from 11.30% at the end of 2021[19] - The leverage ratio as of March 31, 2022, was 7.60%, down from 7.65% at the end of 2021[20] - The liquidity coverage ratio averaged 132.30% in Q1 2022, an increase of 4.69 percentage points from the previous quarter's average of 127.61%[24] Liquidity Management - The total cash and cash equivalents at the end of Q1 2022 were 1,750,248 million RMB, down from 1,955,588 million RMB at the end of Q1 2021[17] - The total cash outflow from retail deposits and small enterprise customer deposits was 8,917,412 million RMB, with stable deposits contributing 4,839,842 million RMB[26] - The expected total cash outflow was 6,955,913 million RMB, while the expected total cash inflow was 4,387,337 million RMB in Q1 2022[26] - The liquidity coverage ratio is designed to ensure that commercial banks have sufficient high-quality liquid assets to meet liquidity demands for at least 30 days under stress scenarios set by the regulatory authority[27] - The calculation scope of the liquidity coverage ratio excludes four subsidiaries: Bank of China Investment Ltd., Bank of China Insurance Ltd., Bank of China Group Insurance Ltd., and Bank of China Life Insurance Ltd.[27] - The average liquidity coverage ratio and its detailed items are calculated as a simple arithmetic mean of daily values within each quarter[27]
中国银行(03988) - 2022 Q1 - 季度财报