2023-04-27 16:00Financial Performance - Net profit for Q1 2023 was RMB 26,285 million, up 5.03% from RMB 25,026 million in Q1 2022[14]. - Operating income rose by 3.51% to RMB 88,163 million compared to RMB 85,170 million in the same period last year[14]. - Net profit attributable to shareholders was CNY 26.28 billion, a year-over-year increase of 5.22%[21]. - Operating income was CNY 88.16 billion, reflecting a growth of 3.51% year-over-year[21]. - Total net profit for the group in Q1 2023 was RMB 26,285 million, representing a 5.0% increase compared to RMB 25,026 million in Q1 2022[38]. - The bank's net profit attributable to shareholders in Q1 2023 was RMB 26,085 million, an increase from RMB 24,577 million in Q1 2022, marking a growth of 6.1%[38]. Asset and Loan Growth - Total assets increased by 4.48% to RMB 14,697,475 million as of March 31, 2023, compared to RMB 14,067,282 million at the end of 2022[13]. - Customer loans totaled RMB 7,622,902 million, reflecting a 5.72% increase from RMB 7,210,433 million[13]. - Customer loans totaled 76.229 trillion yuan, growing by 5.72%, with personal loans increasing by 4.11% to 42.125 trillion yuan[28]. - Customer deposits exceeded CNY 13 trillion, reaching CNY 13.24 trillion, a growth of 4.13% year-over-year[21]. - The bank's total liabilities amounted to RMB 13,805.964 billion, an increase from RMB 13,241.468 billion at the end of the previous year[36]. Cash Flow and Expenses - The net cash flow from operating activities decreased significantly by 83.13% to RMB 24,216 million, down from RMB 143,558 million[16]. - Cash inflow from operating activities in Q1 2023 was RMB 697,147 million, down from RMB 786,934 million in Q1 2022, a decrease of 11.3%[39]. - The net cash flow from operating activities for the bank in Q1 2023 was RMB 20,442 million, compared to RMB 142,611 million in Q1 2022, indicating a significant decline[39]. - The bank's total operating expenses in Q1 2023 were RMB 58,695 million, compared to RMB 56,407 million in Q1 2022, an increase of 4.1%[37]. Shareholder Information - The total number of ordinary shareholders reached 199,325, including 196,822 A-share shareholders and 2,503 H-share shareholders[17]. - China Postal Group Co., Ltd. holds 62.78% of the shares, making it the largest shareholder[18]. - The company completed a private placement of 6,777,108,433 new shares in March 2023, which resulted in China Mobile becoming one of the top ten shareholders[18]. Capital Adequacy and Ratios - The return on average equity (annualized) was 14.37%, a decrease of 0.45 percentage points from 14.82%[14]. - Core Tier 1 capital adequacy ratio increased to 9.72%, up by 0.36 percentage points year-over-year[21]. - The bank's core Tier 1 capital adequacy ratio was 9.72%, up from 9.36% in December 2022[41]. - The bank's total capital adequacy ratio was 14.01% as of March 31, 2023, compared to 13.82% in December 2022[41]. Non-Performing Loans - Non-performing loan ratio improved to 0.82%, down by 0.02 percentage points from the previous year[21]. - As of the end of Q1 2023, the bank's non-performing loan balance was RMB 62.62 billion, an increase of RMB 1.884 billion from the end of the previous year, with a non-performing loan ratio of 0.82%, down 0.02 percentage points[31]. - The bank generated new non-performing loans of RMB 14.44 billion in Q1 2023, with an annualized non-performing loan generation rate of 1.76%[31]. Fee and Commission Income - Net income from fees and commissions rose to CNY 11.59 billion, a significant increase of 27.50%[21]. - The bank's total fee and commission income in Q1 2023 was RMB 21,224 million, up from RMB 15,733 million in Q1 2022, reflecting a growth of 35.0%[37]. Sustainable Initiatives - The company signed the UN's Sustainable Blue Economy Finance Initiative, becoming the first state-owned commercial bank in China to do so[21].