2024-04-29 11:06Financial Performance - The group achieved net interest income of RMB 112.71 billion, a decrease of RMB 4.62 billion or 3.94% year-on-year[5]. - Operating income for Q1 2024 was RMB 160.82 billion, down from RMB 165.81 billion in Q1 2023[15]. - Net profit for Q1 2024 was RMB 59.97 billion, compared to RMB 61.73 billion in Q1 2023, reflecting a decrease of 2.8%[15]. - Operating revenue for the period was RMB 160.82 billion, a decrease of 3.01% year-over-year[27]. - Net profit for the period was RMB 59.97 billion, down 2.84% compared to the same period last year[27]. - The net profit attributable to shareholders of the parent company was RMB 55.99 billion, a decrease of 2.90% year-over-year[27]. - Basic and diluted earnings per share were RMB 0.18 for Q1 2024, down from RMB 0.19 in Q1 2023[16]. - The group's comprehensive income for the period was CNY 68.58 billion, compared to CNY 56.90 billion in the same period last year[64]. - The group reported a net other comprehensive income of CNY 8.60 billion, compared to a loss of CNY 4.83 billion in the same period last year[64]. Assets and Liabilities - Total assets reached RMB 33,659.05 billion, an increase of RMB 1,226.88 billion or 3.78% compared to the end of the previous year[7]. - Total liabilities amounted to RMB 30,874.85 billion, up by RMB 1,199.50 billion or 4.04% year-on-year[7]. - Total customer loans reached CNY 42,088.30 billion, an increase of CNY 921.18 billion or 4.61% compared to the end of the previous year[57]. - The total amount of non-performing loans was CNY 258.58 billion, with a non-performing loan ratio of 1.24%, a decrease of 0.03 percentage points from the end of the previous year[57]. - The total equity increased to RMB 27,841.92 billion, reflecting a growth of 0.99% compared to the end of the previous year[79]. - The group's cash and deposits at the central bank were CNY 2,852.36 billion, down from CNY 3,008.61 billion at the end of the previous year[60]. Income and Expenses - Non-interest income for the period was RMB 48.11 billion, a decrease of RMB 3.73 billion or 0.77% year-over-year, with net fee and commission income down 4.58%[38]. - The group's asset impairment losses amounted to CNY 334.93 billion, an increase of CNY 1.87 billion or 5.66% year-on-year, with credit impairment losses of CNY 349.15 billion, up CNY 1.88 billion or 5.68%[55]. - The group's cost-to-income ratio was 25.39%, indicating stable management expenses at RMB 408.36 billion year-on-year[76]. Cash Flow - Cash flow from operating activities was RMB 3.24 billion, a significant decline of 99.34% compared to the previous year[27]. - The net cash flow from operating activities was RMB 3,240 million, a significant decrease from RMB 488,759 million in the same period last year[88]. - The net cash flow from financing activities was RMB 52,762 million, a recovery from a net outflow of RMB 90,625 million in the previous year[75]. - The group issued bonds with cash inflow of RMB 206,948 million, compared to RMB 197,335 million in the same period last year[75]. Shareholder Information - The number of ordinary shareholders as of March 31, 2024, was 586,151, including 418,478 A-share shareholders[49]. - The top ten ordinary shareholders held a total of 64.13% of the shares, with Central Huijin Investment Co., Ltd. being the largest shareholder[32]. Investments - The total investment in financial assets reached RMB 72,919.33 billion, an increase of RMB 1,332.16 billion or 1.86% year-on-year[8]. - The group’s financial investments totaled CNY 7,291.93 billion, an increase from CNY 7,158.72 billion at the end of the previous year[60]. - The group's goodwill stood at CNY 2.74 billion, slightly up from CNY 2.69 billion at the end of the previous year[60]. Liquidity - The liquidity coverage ratio information is available in the group's third pillar information disclosure report[75]. - The group's cash flow from operating activities showed a significant increase, reflecting improved liquidity management strategies[65]. Deposits - Customer deposits totaled RMB 24,105.99 billion, an increase from RMB 22,907.05 billion at the end of the previous year[13]. - The total customer deposits reached RMB 4,241,059.88 million, an increase of RMB 11,989.38 million or 5.23% compared to the end of the previous year[78]. Interest Margin - The bank's net interest margin stood at 1.44%[5]. - The average return on total assets (ROA) was 0.73%, and the return on equity (ROE) was 9.86%[75]. - The weighted average return on equity (ROE) was 9.86%, down 1.28 percentage points year-over-year[27].