2021-04-28 16:00Financial Performance - Net profit for Q1 2021 was RMB 11,560 million, representing a year-on-year increase of 6.32%[6] - Basic earnings per share for Q1 2021 was RMB 0.18, a decrease of 5.26% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 11,468 million, up 5.84% year-on-year[7] - Operating income amounted to RMB 38.69 billion, up 3.72% from the same period last year[13] - The net profit for the first quarter of 2021 was RMB 11,560 million, up from RMB 10,873 million in the same period of 2020, reflecting a year-on-year growth of approximately 6.3%[30] - The total operating income for the first quarter of 2021 was RMB 38,691 million, up from RMB 37,305 million in the same period of 2020, representing a growth of approximately 3.7%[30] - The comprehensive income for the first quarter of 2021 totaled RMB 11,181 million, compared to RMB 12,931 million in the same period of 2020, indicating a decrease of approximately 13.5%[31] Assets and Liabilities - As of March 31, 2021, total assets reached RMB 5,581,691 million, an increase of 3.98% compared to the end of 2020[6] - The total amount of loans and advances was RMB 3,158.86 billion, reflecting a growth of 4.96% compared to the end of the previous year[13] - As of March 31, 2021, the total liabilities of China Everbright Bank amounted to RMB 5,117,212 million, an increase from RMB 4,913,112 million as of December 31, 2020, representing a growth of approximately 4.2%[27] - The total assets of China Everbright Bank reached RMB 5,581,691 million as of March 31, 2021, compared to RMB 5,368,110 million at the end of 2020, indicating an increase of about 4.0%[28] Customer Metrics - The number of retail customers reached 126 million, an increase of 3.33 million compared to the end of 2020[5] - Retail customer total assets under management (AUM) increased to RMB 1.98 trillion, up RMB 640 billion from the end of 2020[5] - The net increase in customer deposits for the group was RMB 106,419 million in Q1 2021, compared to RMB 512,423 million in Q1 2020, indicating a decrease of approximately 79.2%[33] Capital and Ratios - The capital adequacy ratio stood at 13.74% as of March 31, 2021, slightly down from 13.90% at the end of 2020[10] - The bank's leverage ratio was 7.03% as of March 31, 2021, unchanged from the end of 2020[11] - The capital adequacy ratio stood at 13.74%, with a Tier 1 capital ratio of 11.65% and a core Tier 1 capital ratio of 9.00%, all meeting regulatory requirements[13] - The provision coverage ratio improved to 183.87%, up 1.16 percentage points from the end of the previous year[13] Income and Expenses - The net interest income was RMB 27.88 billion, an increase of 2.69% year-on-year[13] - The bank's total operating expenses for the first quarter of 2021 were RMB 24,144 million, slightly down from RMB 24,193 million in the same period of 2020[30] - The income tax expense for the first quarter of 2021 was RMB (3,001) million, reflecting a 34.94% increase compared to RMB (2,224) million in the same period last year[22] Non-Performing Loans - Non-performing loans totaled RMB 43.23 billion, an increase of RMB 1.56 billion from the end of the previous year, with a non-performing loan ratio of 1.37%[13] - The bank's non-performing loan ratio remained stable, with credit impairment losses recorded at RMB 13,957 million for the first quarter of 2021, slightly down from RMB 14,514 million in the same period of 2020[31] Cash Flow - The net cash inflow from operating activities for the group was RMB 223,944 million in Q1 2021, a decrease from RMB 615,984 million in Q1 2020, representing a decline of about 63.7%[33] - The net cash outflow from investment activities was RMB 29,741 million in Q1 2021, compared to a net outflow of RMB 112,947 million in Q1 2020, showing a significant improvement[34] - The cash inflow from financing activities was RMB 155,194 million in Q1 2021, consistent with RMB 58,891 million in Q1 2020[34] - The net cash flow from financing activities was RMB 87,248 million in Q1 2021, compared to RMB 2,140 million in Q1 2020, indicating a substantial increase[35] Strategic Initiatives - The bank's strategic focus is on becoming a first-class wealth management bank, with ongoing initiatives to enhance profitability and risk management[5] - The establishment of the Macau branch is progressing, with regulatory approvals and other preparations underway[22]