2024-04-29 12:41Financial Performance - In Q1 2024, the company achieved a net profit of 88.06 billion CNY, a decrease of 2.98% year-on-year[8]. - Operating income for Q1 2024 was 219.84 billion CNY, a decline of 3.41% compared to the previous year[8]. - Net profit attributable to shareholders of the parent company for Q1 2024 was RMB 87,653 million, a decrease of 2.78% from Q1 2023[31]. - The net profit for the group in Q1 2024 was RMB 100,977 million, an increase from RMB 86,959 million in Q1 2023, representing a growth of approximately 16.5%[55]. - Basic earnings per share for Q1 2024 were RMB 0.24, down 4.00% from RMB 0.25 in Q1 2023[31]. - The basic earnings per share for the group was RMB 0.24 in Q1 2024, unchanged from RMB 0.25 in Q1 2023[55]. Income and Revenue - Net interest income was 161.40 billion CNY, down 4.16% year-on-year, with a net interest margin (NIM) of 1.48%[8]. - Non-interest income totaled 58.44 billion CNY, a decrease of 1.25%, with net fee and commission income at 39.34 billion CNY, down 2.83%[8]. Assets and Liabilities - Total assets reached 47,600.03 billion CNY, an increase of 29,029.48 billion CNY, or 6.49% from the end of the previous year[9]. - Total liabilities reached RMB 43,723.41 billion, an increase of RMB 2,802.92 billion, or 6.85% compared to the end of the previous year[10]. - Shareholder equity totaled RMB 3,876.62 billion, reflecting an increase of RMB 100.03 billion, or 2.65% from the previous year[10]. - Total on-balance sheet assets (excluding derivatives and securities financing transactions) amounted to RMB 45,719,563 million[1]. - Adjusted on-balance sheet assets (excluding derivatives and securities financing transactions) were RMB 44,837,903 million after deducting impairment provisions and tier 1 capital deductions[2]. Loans and Advances - Total customer loans and advances (excluding accrued interest) amounted to 273,701.60 billion CNY, an increase of 12,836.78 billion CNY, or 4.92%[9]. - The net amount of customer loans and advances decreased to RMB 1,274,265 million in Q1 2024 from RMB 1,346,391 million in Q1 2023, a decline of about 5.3%[47]. - Non-performing loan balance was RMB 370.89 billion, increasing by RMB 17.39 billion, with a non-performing loan ratio of 1.36%, unchanged from the previous year[10]. Cash Flow - The net cash flow from operating activities for Q1 2024 was RMB 1,367,252 million, an increase of 23.66% compared to the same period last year[31]. - The net cash inflow from operating activities totaled RMB 3,485,474 million in Q1 2024, compared to RMB 3,214,923 million in Q1 2023, showing an increase of approximately 8.4%[56]. - The total cash inflow from financing activities was RMB 415,687 million in Q1 2024, compared to RMB 388,850 million in Q1 2023, reflecting a 6.5% increase[60]. - The total cash and cash equivalents at the end of Q1 2024 reached RMB 3,994,583 million, up from RMB 2,878,441 million at the end of Q1 2023, representing a 39% increase[60]. Capital Adequacy and Ratios - Core Tier 1 capital adequacy ratio stood at 13.78%, Tier 1 capital adequacy ratio at 15.18%, and total capital adequacy ratio at 19.21%, all meeting regulatory requirements[18]. - The liquidity coverage ratio for Q1 2024 was reported at 126.61%, indicating a strong liquidity position[67]. - The leverage ratio was reported at 7.68% as of March 31, 2024, exceeding the minimum requirement of 4.00%[78]. - The net stable funding ratio was 129.46%, reflecting a robust funding structure[74]. Investment and Expenses - Investment increased to 122,333.85 billion CNY, up 3,837.17 billion CNY, or 3.24%[9]. - Business and management expenses rose to 45.69 billion CNY, reflecting a growth of 0.60%[8]. Shareholder Information - As of April 10, 2024, the controlling shareholder increased its stake to 34.79% of the total share capital[14]. - The total number of ordinary shareholders as of March 31, 2024, was 613,660, with no preferred shareholders with restored voting rights[41].