2018-04-27 16:00Financial Performance - The company achieved operating income of RMB 36,748 million in Q1 2018, a year-on-year increase of 1.36% compared to RMB 36,254 million in Q1 2017[6] - Net profit attributable to shareholders of the parent company reached RMB 14,942 million, reflecting a growth of 5.23% from RMB 14,199 million in the same period last year[6] - The basic earnings per share for the period was RMB 0.41, an increase of 5.13% from RMB 0.39 in the same period last year[6] - The group reported a total comprehensive income of RMB 16,210 million, up 10.1% from RMB 14,716 million in the previous year[42] Asset and Liability Management - The total assets of the company as of March 31, 2018, amounted to RMB 6,002,508 million, representing a 1.70% increase from RMB 5,902,086 million at the end of 2017[6] - The company’s total liabilities reached RMB 5,606,672 million, an increase from RMB 5,512,274 million at the end of 2017[12] - As of the end of the reporting period, the total assets of the group reached RMB 60,025.08 billion, an increase of RMB 1,004.22 billion or 1.70% compared to the end of the previous year[18] - The bank's total liabilities reached RMB 5,606,672 million as of March 31, 2018, compared to RMB 5,512,274 million at the end of 2017[35] Income and Cash Flow - The net interest income for the period was RMB 15,741 million, a decrease of 23.88% compared to RMB 20,680 million in Q1 2017[6] - The net cash flow from operating activities of RMB -122,607 million, indicating a negative cash flow situation[8] - Cash inflow from investment activities was RMB 316,848 million, down from RMB 364,756 million year-on-year[47] - The net cash flow from financing activities was RMB 44,928 million, a decrease from RMB 71,184 million in the previous year[47] Loan and Asset Quality - The company's non-performing loan balance stood at RMB 49,647 million, up from RMB 47,889 million at the end of 2017[12] - The non-performing loan balance was RMB 496.47 billion, an increase of RMB 17.58 billion, with a non-performing loan ratio of 1.71%, unchanged from the end of the previous year[20] - The provision coverage ratio improved to 172.17%, up 16.56 percentage points from the previous year, while the loan provision ratio increased to 2.94%, up 0.28 percentage points[20] Customer and Market Growth - The number of retail non-zero customers reached 35.38 million, with small and micro customers increasing by 631,200 to 6.56 million[18] - The company’s wealth management assets under management reached RMB 15,415.52 billion, an increase of RMB 1,051.92 billion or 7.34% year-on-year[19] - The total amount of deposits absorbed was RMB 30,506.55 billion, an increase of RMB 843.44 billion or 2.84% compared to the previous year[18] Investment and Financial Instruments - The bank's financial assets measured at fair value and recognized in profit or loss increased significantly to RMB 580,958 million, up 677.73% from RMB 74,601 million at the end of 2017[28] - The bank's investment income surged to RMB 6,609 million in Q1 2018, a 469.25% increase compared to RMB 1,161 million in Q1 2017[29] - The bank's derivative financial assets rose by 51.06% to RMB 28,300 million from RMB 18,734 million at the end of 2017[28] Regulatory Compliance - The company’s capital adequacy ratio was 11.98% as of March 31, 2018, meeting regulatory requirements[15] - The bank's expected liabilities rose significantly by 157.11% to RMB 2,080 million from RMB 809 million at the end of 2017, attributed to the implementation of new financial instrument standards[28] Cash and Cash Equivalents - For the three months ended March 31, 2018, the net cash and cash equivalents decreased by 426 million, compared to a decrease of 30,795 million in the same period of 2017[50] - The beginning balance of cash and cash equivalents was 109,099 million for the three months ended March 31, 2018, down from 171,303 million in 2017[50] - The ending balance of cash and cash equivalents for the three months ended March 31, 2018, was 108,673 million, compared to 140,508 million in 2017[50] - The impact of exchange rate changes on cash and cash equivalents was a loss of 1,121 million for the three months ended March 31, 2018, compared to a loss of 239 million in 2017[50]