农业银行(601288) - 2024 Q1 - 季度财报

Financial Performance - Total operating income for Q1 2024 was RMB 186,021 million, a decrease of 1.76% compared to the same period last year[18]. - Net profit attributable to shareholders of the parent company was RMB 70,386 million, down 1.63% year-on-year[18]. - Basic earnings per share were RMB 0.19, representing a decrease of 5.00% year-on-year[18]. - The group reported a net profit of 70.839 billion RMB for the period, a decrease of 1.77% year-on-year[46]. - Net interest income was 144.535 billion RMB, down 0.74% year-on-year, with a net interest margin of 1.44%[29]. - Net fee and commission income decreased by 10.79% year-on-year to 29.037 billion RMB[29]. - The group's investment income for the first quarter of 2024 was RMB 3,664 million, compared to RMB 4,607 million in the same period of 2023, indicating a decline of approximately 20.4%[71]. - The group's fee and commission income was RMB 32,505 million for the first quarter of 2024, down from RMB 35,930 million in the same period last year, reflecting a decrease of about 9.5%[71]. - The group reported a total comprehensive income of RMB 66,038 million for the first quarter of 2024, compared to RMB 60,103 million for the same period in 2023, representing an increase of about 9.8%[73]. Cash Flow and Liquidity - Net cash flow from operating activities was RMB 783,563 million, reflecting a decline of 13.50% compared to the previous year[18]. - The group's cash inflow from operating activities for the three months ended March 31, 2024, was RMB 2,619,025 million, a decrease of 16.9% compared to RMB 3,151,941 million for the same period in 2023[75]. - The net cash outflow from investing activities was RMB 1,187,549 million for the three months ended March 31, 2024, compared to RMB 222,880 million for the same period in 2023, indicating a significant increase in investment expenditures[79]. - Cash inflow from financing activities amounted to RMB 869,401 million for the three months ended March 31, 2024, up from RMB 623,968 million in the same period of 2023, reflecting increased debt issuance[79]. - The net cash flow from financing activities was RMB 63,340 million for the three months ended March 31, 2024, compared to a net outflow of RMB 16,034 million for the same period in 2023, showing a positive shift in financing[79]. - The group received RMB 739,677 million from the recovery of investments during the three months ended March 31, 2024, an increase from RMB 512,320 million in the same period of 2023[79]. - The cash received from investment income was RMB 85,267 million for the three months ended March 31, 2024, compared to RMB 70,318 million for the same period in 2023, reflecting growth in investment returns[79]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 42,157,279 million, an increase of 5.73% from the end of the previous year[18]. - Total liabilities reached RMB 39,158.06 billion, an increase of RMB 21,819.34 billion or 5.90% compared to the end of the previous year[49]. - The total assets of the group as of March 31, 2024, reached RMB 42,157,279 million, an increase from RMB 39,872,989 million as of December 31, 2023, representing a growth of approximately 5.7%[69]. - The total liabilities of the group as of March 31, 2024, were RMB 39,872,989 million, an increase from RMB 37,000,000 million as of December 31, 2023, reflecting a growth of approximately 7.8%[69]. - The total amount of loans and advances was 23,863.600 billion RMB, up 5.52% from the end of the previous year[29]. - The balance of manufacturing loans was RMB 33,256 billion, reflecting a growth of RMB 3,737 billion or 12.66%[52]. - The balance of green credit business reached RMB 48,154 billion, an increase of RMB 7,667 billion or 18.94%[52]. Shareholder Information - The company reported a decrease in the number of ordinary shareholders, with the top ten shareholders holding significant stakes[9][10]. - Cash dividends of RMB 4.84 per share were distributed to shareholders, totaling RMB 19.36 billion[54]. - The group's earnings per share for the first quarter of 2024 were RMB 0.25, compared to RMB 0.26 for the same period in 2023, indicating a decrease of approximately 3.8%[73]. Capital and Ratios - The capital adequacy ratio, tier 1 capital adequacy ratio, and core tier 1 capital adequacy ratio were 18.40%, 13.77%, and 11.37% respectively as of March 31, 2024[52]. - The average liquidity coverage ratio for the first quarter of 2024 was 131.17%[52]. - The weighted average return on net assets (annualized) was 11.39%, a decrease of 1.21 percentage points[18]. - The annualized average return on total assets was 0.69%, down 0.13 percentage points year-on-year[46]. - The annualized weighted average return on equity was 11.39%, a decrease of 1.21 percentage points year-on-year[47].