2023-04-28 16:00Financial Performance - Net profit attributable to shareholders of the parent company for Q1 2023 was RMB 90.164 billion, a slight decrease of 0.52% from RMB 90.633 billion in Q1 2022[12] - Operating income for Q1 2023 was RMB 227.596 billion, down 1.09% from RMB 249.467 billion in Q1 2022[12] - Net cash flow from operating activities for Q1 2023 was RMB 1,105.614 billion, a decrease of 8.42% from RMB 1,207.219 billion in Q1 2022[12] - The net profit for the group in Q1 2023 reached RMB 90,770 million, a slight increase from RMB 90,315 million in Q1 2022, representing a growth of 0.5%[41] - The group's operating income for Q1 2023 was RMB 227,596 million, while it was RMB 230,106 million in Q1 2022, showing a decrease of 1.1%[41] - The total comprehensive income for the group in Q1 2023 was RMB 86,959 million, compared to RMB 79,422 million in Q1 2022, marking an increase of 9.7%[43] Assets and Liabilities - Total assets reached RMB 42,033.895 billion, an increase of RMB 2,423.749 billion, or 6.12% compared to the end of the previous year[6] - Total liabilities amounted to RMB 38,432.32 billion, an increase of RMB 233.76 billion, or 6.48% compared to the end of the previous year[63] - Customer deposits increased by RMB 211.34 billion, reaching RMB 31,983.87 billion, a growth of 7.08%[63] - Total assets as of March 31, 2023, amounted to RMB 42,033,895 million, up from RMB 39,610,146 million as of December 31, 2022, reflecting an increase of 6.1%[39] - As of March 31, 2023, total liabilities amounted to RMB 38,432,323 million, an increase from RMB 36,094,727 million as of December 31, 2022, representing a growth of 6.5%[69] Income and Expenses - Net interest income decreased to CNY 168,412 million, down 4.79% due to factors such as the delayed reflection of LPR adjustments[34] - Non-interest income grew to CNY 59,184 million, an increase of 11.20%[34] - The group reported a decrease in fee and commission income to RMB 44,895 million in Q1 2023 from RMB 45,649 million in Q1 2022, a decline of 1.6%[41] - The group's investment income for Q1 2023 was RMB 8,719 million, compared to no reported figure for Q1 2022, indicating a new revenue stream[41] - The financial investment interest income and fair value changes resulted in a loss of 80,888 million RMB in Q1 2023, compared to a loss of 68,978 million RMB in Q1 2022[82] Capital and Ratios - The total capital adequacy ratio stood at 18.79% as of March 31, 2023, down from 19.26% at the end of 2022[52] - The core tier 1 capital adequacy ratio was 13.70%, slightly down from 14.04% at the end of 2022[52] - The weighted average return on equity decreased by 0.93 percentage points to 11.22%[13] - The liquidity coverage ratio was reported at 112.59%[81] Shareholder Information - The bank's major shareholders include Central Huijin Investment with a 34.71% stake and the Ministry of Finance with a 31.14% stake[29] - The total number of ordinary shareholders was 713,934, including 109,959 H-share shareholders and 603,975 A-share shareholders[56] Cash Flow - The net cash flow from financing activities for Q1 2023 was RMB 174.073 billion, significantly up from RMB 13.364 billion in Q1 2022[9] - The net cash inflow from investment activities was RMB (318.79) million, compared to RMB (117.12) million in the same period last year[47] - The net change in cash and cash equivalents for Q1 2023 was 951,590 million RMB, compared to 1,095,946 million RMB in Q1 2022, showing a decrease of about 13.1%[82] Asset Quality - The non-performing loan balance was RMB 337.59 billion, with a non-performing loan ratio of 1.38%, unchanged from the end of the previous year[63] - The provision coverage ratio improved to 213.57%, an increase of 4.10 percentage points[63] - The group’s asset impairment losses decreased to RMB 65,022 million in Q1 2023 from RMB 70,849 million in Q1 2022, a reduction of 8.5%[41]