Financial Performance - For Q1 2024, the operating income was RMB 161,038 million, a decrease of 3.12% compared to the same period last year[2]. - The net profit after tax for Q1 2024 was RMB 59,973 million, down 2.84% year-on-year[2]. - In Q1 2024, the group achieved a net profit of RMB 59.973 billion, a decrease of 2.84% year-on-year, with profit attributable to shareholders at RMB 55.989 billion, down 2.90%[13]. - The company's net profit for Q1 2024 was RMB 59,973 million, a decrease of 2.7% compared to RMB 61,725 million in Q1 2023[20]. - Total comprehensive income for Q1 2024 reached RMB 68,575 million, up 20.5% from RMB 56,900 million in Q1 2023[20]. - The company reported a pre-tax profit of RMB 71,897 million for Q1 2024, down from RMB 79,281 million in Q1 2023, a decline of 9.4%[23]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB 3,240 million, a significant decline of 99.34% compared to RMB 4,887,590 million in the same period last year[3]. - The net cash flow from operating activities for Q1 2024 was RMB 3,240 million, a significant decrease compared to RMB 488,759 million in Q1 2023[23]. - Cash and cash equivalents rose significantly to RMB 861,316 million from RMB 568,855 million, indicating a growth of 51.3%[21]. - Cash flow from investment activities for Q1 2024 was a net outflow of RMB 148,016 million, an improvement from RMB 177,221 million in Q1 2023[24]. - Cash flow from financing activities showed a net inflow of RMB 52,762 million in Q1 2024, a turnaround from a net outflow of RMB 90,625 million in Q1 2023[24]. - The cash and cash equivalents at the end of Q1 2024 amounted to RMB 2,416,045 million, compared to RMB 2,301,936 million at the end of Q1 2023, reflecting an increase of approximately 5%[24]. Assets and Liabilities - The total assets as of March 31, 2024, amounted to RMB 33,659,046 million, reflecting a 3.78% increase from the end of 2023[2]. - The total assets of the group reached RMB 33,659.046 billion, an increase of RMB 12,268.80 billion or 3.78% compared to the end of the previous year[15]. - The group’s total liabilities amounted to RMB 30,874.854 billion, an increase of RMB 11,995.03 billion or 4.04% from the previous year-end[15]. - Total liabilities increased to RMB 30,874,854 million as of March 31, 2024, compared to RMB 29,675,351 million at the end of 2023, marking a rise of 4.0%[22]. Shareholder Information - As of March 31, 2024, the total number of ordinary shareholders was 586,151, including 418,478 A-share shareholders and 167,673 H-share shareholders[5]. - The largest shareholder, Central Huijin Investment Ltd., held 64.13% of the shares, totaling 188,791,906,533 shares[6]. - The top ten shareholders accounted for a significant portion of the total shares, with the second-largest shareholder holding 27.77%[6]. - The number of preferred shareholders as of March 31, 2024, was 82, including 81 domestic and 1 foreign preferred shareholder[10]. Income and Expenses - The group reported a net interest income of RMB 112.712 billion, a decrease of RMB 4.622 billion or 3.94% year-on-year, with a net interest margin of 1.44%[14]. - Non-interest income was RMB 48.326 billion, down RMB 5.57 billion or 1.14%, accounting for 30.01% of total operating income[14]. - The group’s operating expenses increased to RMB 54.293 billion, up RMB 6.46 billion or 1.20% year-on-year[14]. Capital and Ratios - The weighted average return on equity (ROE) was 9.86%, a decrease of 1.28 percentage points year-on-year[2]. - The group’s capital adequacy ratio stood at 18.52%, with a core tier 1 capital adequacy ratio of 12.02%[13]. - The non-performing loan ratio improved to 1.24%, a decrease of 0.03 percentage points from the end of last year, with a non-performing loan coverage ratio of 199.94%, up 8.28 percentage points[15]. Other Comprehensive Income - The company’s other comprehensive income for Q1 2024 was RMB 8,602 million, a significant recovery from a loss of RMB 4,825 million in Q1 2023[20].
中国银行(03988) - 2024 Q1 - 季度业绩