2018-04-27 16:00Financial Performance - Net profit attributable to shareholders for Q1 2018 was RMB 22,674 million, representing a 13.50% increase year-over-year[5]. - Operating income for Q1 2018 reached RMB 61,296 million, up 7.20% from the same period in 2017[5]. - The net profit attributable to ordinary shareholders after deducting non-recurring gains and losses was RMB 22,546 million, a 13.66% increase year-over-year[5]. - The net profit attributable to shareholders for Q1 2018 was RMB 226.74 billion, representing a year-on-year growth of 13.50%[24]. - Net profit for Q1 2018 reached RMB 22,708 million, an increase of 13.3% compared to RMB 20,092 million in Q1 2017[49]. - The total profit before tax for Q1 2018 was RMB 29,286 million, an increase of 14.0% from RMB 25,502 million in Q1 2017[49]. - The total comprehensive income for Q1 2018 was RMB 22,224 million, up from RMB 18,399 million in the same period last year, marking a growth of 20.0%[50]. Asset and Liability Management - Total assets as of March 31, 2018, were RMB 6,252,238 million, a decrease of 0.72% compared to the end of 2017[5]. - The total assets of the group amounted to RMB 62,522.38 billion, a decrease of 0.72% compared to the end of the previous year[22]. - Total liabilities were RMB 5,419,272 million, down from RMB 5,482,101 million at the end of 2017[47]. - The bank's equity attributable to shareholders totaled RMB 477,258 million, an increase from RMB 461,274 million at the end of 2017[47]. - The non-performing loan balance was RMB 549.58 billion, a decrease of RMB 24.35 billion, with a non-performing loan ratio of 1.48%, down 0.13 percentage points from the previous year[25]. Capital Adequacy - As of March 31, 2018, the capital adequacy ratio was 15.51%, slightly up from 15.48% at the end of 2017[9]. - The Tier 1 capital adequacy ratio was 12.91%, down from 13.02% at the end of 2017[9]. - The overall capital adequacy ratio improved to 15.32%, up by 0.08 percentage points from 15.24% at the end of 2017[12]. - The company's Tier 1 capital adequacy ratio was 12.62%, a decrease of 0.07 percentage points from 12.69% at the end of the previous year[12]. - The weighted capital adequacy ratio for the group was 12.79%, an increase of 0.13 percentage points from 12.66% at the end of the previous year[14]. - The company's weighted Tier 1 capital adequacy ratio was 10.98%, up by 0.17 percentage points from 10.81% at the end of 2017[14]. Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2018 was RMB (53,651) million, an improvement of 74.97% compared to RMB (214,350) million in Q1 2017[5]. - The average liquidity coverage ratio for Q1 2018 was 119.97%, an increase of 18 percentage points from the previous quarter[66]. - The ending balance of cash and cash equivalents was RMB 387,981 million, down from RMB 532,112 million at the beginning of the period[58]. - The cash received from interest, fees, and commissions was RMB 80,242 million, up from RMB 65,965 million in the same period last year[57]. - The total expected cash outflows reached 1,632,684 million[67]. - Total expected cash inflows were 1,405,893 million[67]. - Net cash outflow was recorded at 480,326 million[67]. Shareholder Information - The total number of shareholders reached 254,334 as of the report date[16]. - The top shareholder, Hong Kong Central Clearing Limited, held 18.03% of the shares, totaling 4,545,888,064 shares[16]. - The company had 13 preferred shareholders, with the largest being The Bank of New York Depository (Nominees) Limited, holding 50,000,000 shares, representing 100% of the foreign preferred shares[18]. - The company’s indirect shareholding by China Merchants Group through subsidiaries was 29.97% as of March 31, 2018[17]. - The company’s domestic preferred shareholders included China Mobile Communications Group Co., Ltd., holding 106,000,000 shares, which accounted for 38.55% of the domestic preferred shares[20]. Income and Expenses - The cost-to-income ratio for Q1 2018 was 26.75%, an increase of 3.06 percentage points year-on-year[24]. - The net interest margin for Q1 2018 was 2.43%, with a net interest yield of 2.55%, both up by 0.13 and 0.12 percentage points year-on-year respectively[24]. - The non-interest income was RMB 233.57 billion, with a year-on-year growth of 4.90%, but a decline of 5.64% when adjusted for the new accounting standards[24]. - The company reported a net fee and commission income of RMB 189.21 billion, a year-on-year increase of 1.51%[24]. - Total operating expenses for Q1 2018 were RMB 32,024 million, slightly up from RMB 31,751 million in Q1 2017[49]. Investment and Dividends - The cash dividend proposed for the 2017 fiscal year is 0.84 RMB per share, totaling approximately 64.51 billion RMB[37]. - The company plans to establish a new asset management subsidiary with an investment of 5 billion RMB[40]. - The net investment income increased by 67.41% to 2,764 million RMB due to higher returns from financial assets measured at fair value[35].