工商银行(601398) - 2019 Q1 - 季度财报
2019-04-29 16:00

Financial Performance - Net profit attributable to shareholders for Q1 2019 was RMB 82,005 million, representing a 4.06% increase year-on-year[5] - The company achieved a net profit of RMB 82.69 billion, representing a year-on-year growth of 4.58%[16] - The net profit attributable to minority shareholders increased by 156.55% to RMB 685 million in Q1 2019 compared to RMB 267 million in Q1 2018[20] - The net profit for Q1 2019 was 82,690 million RMB, compared to 79,069 million RMB in Q1 2018, representing a year-over-year increase of approximately 3.1%[40] Revenue and Income - Operating income for Q1 2019 was RMB 235,501 million, up 19.42% from RMB 197,198 million in Q1 2018[5] - Total revenue reached RMB 235.50 billion, an increase of 19.42% compared to the previous year[16] - Non-interest income grew by 45.07% to RMB 87.31 billion, with net fee and commission income rising by 10.87% to RMB 46.14 billion[16] - The net interest income for Q1 2019 was RMB 148,190 million, compared to RMB 137,012 million in Q1 2018, reflecting a year-over-year increase of approximately 8.6%[30] Assets and Liabilities - Total assets as of March 31, 2019, reached RMB 29,246,572 million, an increase of 5.59% compared to the end of 2018[4] - The total liabilities as of March 31, 2019, amounted to RMB 26,817,619 million, reflecting a 5.77% increase from the previous year-end[4] - Customer loans and advances totaled RMB 15,932.40 billion, reflecting a growth of 3.32%[16] - The bank's total equity attributable to shareholders was RMB 2,413,627 million as of March 31, 2019, compared to RMB 2,330,001 million at the end of 2018, indicating an increase of about 3.6%[28] Cash Flow - The net cash flow from operating activities for Q1 2019 was RMB 1,044,774 million, a significant increase of 1,580.78% compared to RMB 62,160 million in Q1 2018[5] - The net cash inflow from operating activities for the group in Q1 2019 was RMB 1,044,774 million, a significant increase compared to RMB 62,160 million in Q1 2018[35] - The net cash outflow from operating activities for the bank in Q1 2019 was RMB 852,785 million, a recovery from a net outflow of RMB 254,583 million in Q1 2018[35] - The total cash and cash equivalents at the end of Q1 2019 reached RMB 2,300,168 million, up from RMB 1,462,770 million at the end of Q1 2018, representing an increase of about 57%[38] Shareholder Information - The number of ordinary shareholders as of March 31, 2019, was 599,370, with 476,412 being A-share shareholders[7] - The top two shareholders, Central Huijin Investment Ltd. and the Ministry of Finance of the People's Republic of China, held 34.71% and 34.60% of A-shares, respectively[8] Capital Adequacy - The core Tier 1 capital adequacy ratio stood at 12.84%, meeting regulatory requirements[17] - The total capital adequacy ratio was 15.49% as of March 31, 2019, compared to 15.39% at the end of 2018[41] - The leverage ratio as of March 31, 2019, was 7.62%, a decrease from 7.79% at the end of 2018[42] Other Financial Metrics - The bank's non-recurring gains and losses totaled RMB 470 million for Q1 2019, all attributable to shareholders[6] - The bank's basic earnings per share for Q1 2019 was RMB 0.23, up from RMB 0.22 in Q1 2018[31] - The bank's other comprehensive income for Q1 2019 was RMB 1,466 million, compared to a loss of RMB 2,637 million in Q1 2018, indicating a significant improvement[31]