BOB(601169)2024-04-29 11:57Financial Performance - Net profit attributable to shareholders of the parent company was RMB 7,864 million, up 4.94% year-on-year[4] - Basic earnings per share increased to RMB 0.37, compared to RMB 0.35 in the same period last year[4] - Operating revenue for the period was CNY 176.90 billion, a year-on-year increase of 7.85%, with net profit attributable to shareholders at CNY 78.64 billion, up 4.95%[17] - Total operating income for Q1 2024 reached RMB 17,690 million, an increase of 7.85% compared to RMB 16,403 million in Q1 2023[45] - Net profit for Q1 2024 was RMB 7,667 million, representing a year-on-year increase of 4.9% from RMB 7,306 million[51] Asset and Liability Management - Total assets reached RMB 3,894,665 million, an increase of 3.89% compared to the end of the previous year[3] - The bank's total liabilities increased to RMB 3,556,955 million, a rise of 3.99% from RMB 3,420,447 million in Q1 2023[44] - Total assets reached CNY 3.89 trillion, an increase of 3.89% year-to-date, while total liabilities grew to CNY 3.56 trillion, up 3.99%[17] - The bank's total equity increased to RMB 334,199 million, up from RMB 324,946 million at the end of 2023[50] Loan and Deposit Growth - The loan balance stood at CNY 2.12 trillion, reflecting a growth of 5.18% year-to-date, with loans accounting for 54.43% of total assets, an increase of 0.67 percentage points[17] - Total deposits reached CNY 2.18 trillion, growing by 5.36% year-to-date, with deposits comprising 61.31% of total liabilities, up 0.80 percentage points[18] - Customer deposits grew to RMB 2,211,347 million, reflecting an increase of 5.26% from RMB 2,101,031 million year-over-year[44] Risk Management - Non-performing loan ratio improved to 1.31%, a decrease of 0.01 percentage points from the previous year[3] - The provision coverage ratio decreased to 213.13%, down 3.65 percentage points from the previous year[3] - The bank's asset impairment losses for Q1 2024 were RMB 3,709 million, up from RMB 2,970 million in the same period last year[51] Capital and Liquidity - The bank's equity attributable to shareholders reached RMB 336,374 million, a 2.89% increase from the previous year[3] - The core Tier 1 capital ratio is 9.11% as of March 31, 2024, compared to 9.21% at the end of 2023[13] - The liquidity coverage ratio is reported at 120.39% with high-quality liquid assets amounting to 474,136.74 million RMB[15] Customer Engagement and Digital Transformation - The number of retail customers reached 29.42 million, an increase of 332,000 year-to-date, with VIP customers surpassing 1 million, contributing 86% to net AUM growth[20] - Digital banking customer base reached 16.32 million, a year-on-year increase of 14.85%, with mobile banking transactions amounting to CNY 586.2 billion, up 6.0%[25] - The bank's cash management platform "Cash Steward" was launched, enhancing service integration with supply chain finance[37] Strategic Initiatives and Growth Areas - The company aims to achieve high-quality development across various business sectors[16] - The bank's strategic focus on serving local economies and SMEs led to a 0.58% increase in cooperation rates with state-owned enterprises[34] - The bank launched a series of measures to support "专精特新" enterprises, enhancing financial services throughout their lifecycle[35] Investment and Financial Markets - The bond underwriting scale exceeded CNY 100 billion for the first time, marking a historical high for the same period[39] - Financial market management business scale reached CNY 3.92 trillion, growing by 5.61% since the beginning of the year[40] - The bank's financial investment totaled CNY 1.31 trillion, reflecting a stable growth in financial assets[43]