2020-04-28 16:00Financial Performance - Net profit for Q1 2020 was RMB 85,013 million, representing a year-on-year increase of 2.81%[6] - Operating income for Q1 2020 was RMB 226,979 million, a decrease of 3.62% compared to Q1 2019[6] - The net profit for the first quarter of 2020 reached RMB 85.013 billion, representing a year-on-year increase of 2.81%[22] - Total operating income was RMB 226.979 billion, a decrease of 3.62% compared to the previous year[22] - The group’s operating income for the first quarter of 2020 was RMB 226,979 million, compared to RMB 235,501 million in the same period of 2019, indicating a decrease of 3.6%[31] - The net profit for the first quarter of 2020 was RMB 85,013 million, representing an increase of 4.0% compared to RMB 82,690 million in the same period of 2019[32] - The total comprehensive income for the first quarter of 2020 was RMB 88,438 million, up from RMB 84,156 million in the first quarter of 2019, reflecting a growth of 2.7%[32] - The basic earnings per share for the first quarter of 2020 was RMB 0.24, compared to RMB 0.23 in the same period of 2019[32] Assets and Liabilities - Total assets reached RMB 32,094,478 million, an increase of 6.59% compared to the end of 2019[5] - Total liabilities amounted to RMB 29,314,184 million, reflecting a 6.92% increase from the end of 2019[5] - The total assets of the group reached RMB 32,094,478 million, an increase from RMB 30,109,436 million as of December 31, 2019, representing a growth of 6.6%[29] - The total liabilities of the group amounted to RMB 29,314,184 million as of March 31, 2020, up from RMB 27,417,433 million as of December 31, 2019, which is an increase of 6.9%[30] Customer Loans and Deposits - Customer loans and advances totaled RMB 17,515,921 million, up 4.50% from the previous year[5] - Customer loans and advances increased to RMB 17,071,112 million as of March 31, 2020, compared to RMB 16,326,552 million at the end of 2019, marking a rise of 4.6%[29] - Customer deposits reached RMB 24,220,294 million, an increase of 5.41% compared to the previous year[5] - The net amount of customer deposits increased to RMB 1,213,617 million in the first quarter of 2020, up from RMB 1,197,893 million in the first quarter of 2019[34] Cash Flow - The net cash flow from operating activities was RMB 1,948,937 million, an increase of 86.54% year-on-year[6] - The group's operating cash flow for Q1 2020 was RMB 1,948,937 million, significantly higher than RMB 1,044,774 million in Q1 2019[41] - The net cash flow from financing activities for the group was negative at RMB 17,460 million in Q1 2020, compared to a positive RMB 75,528 million in Q1 2019[39] - The group reported a net increase in cash and cash equivalents of RMB 1,591,251 million in Q1 2020, compared to RMB 790,644 million in Q1 2019[41] Shareholder Information - The number of ordinary shareholders was 618,297, with 498,360 being A-share shareholders[9] - The top two shareholders, Central Huijin Investment Ltd. and the Ministry of Finance of the People's Republic of China, held 34.71% and 31.14% of A-shares, respectively[10] - The Ministry of Finance of the People's Republic of China holds 110,984,806,678 A shares, accounting for 41.16% of A shares and 31.14% of total shares[13] - Central Huijin Investment Ltd. holds 123,717,852,951 A shares, representing 45.89% of A shares and 34.71% of total shares[13] Capital Adequacy and Ratios - The core Tier 1 capital adequacy ratio was 13.15%, meeting regulatory requirements[22] - The core Tier 1 capital adequacy ratio stood at 13.15% as of March 31, 2020, slightly down from 13.20% at the end of 2019[42] - The leverage ratio decreased to 8.06% as of March 31, 2020, compared to 8.31% at the end of 2019[43] - The liquidity coverage ratio was reported at 118.05% for Q1 2020, indicating a strong liquidity position[45] Investment and Financial Assets - Derivative financial assets increased by 65.56% to RMB 113.094 billion due to business scale growth and market price fluctuations[23] - The financial investments of the group reached RMB 8,158,037 million as of March 31, 2020, compared to RMB 7,647,117 million at the end of 2019, representing a growth of 6.7%[29] - The group’s investment income for the first quarter of 2020 was RMB 11,185 million, compared to a loss of RMB 2,230 million in the same period of 2019, showing a significant recovery[31]