2014-04-25 16:00Financial Performance - The Agricultural Bank of China achieved a net profit of RMB 53.522 billion for the first quarter of 2014, representing a year-on-year increase of 13.75%[17] - Basic earnings per share increased to RMB 0.16, a rise of 14.29% compared to the same period last year[10] - The group achieved operating income of CNY 136.1 billion for the three months ended March 31, 2014, representing a year-on-year growth of 14.05%[18] - Net interest income was CNY 103.1 billion, an increase of 15.52% year-on-year, with a net interest margin of 2.96%[18] - The total comprehensive income attributable to the parent company's shareholders for Q1 2014 was RMB 60,524 million, an increase from RMB 48,925 million in Q1 2013, representing a growth of 23.5%[39] Assets and Liabilities - Total assets reached RMB 15.322 trillion, an increase of 5.22% compared to the end of the previous year[9] - The bank's total liabilities amounted to RMB 14,416,967 million as of March 31, 2014, compared to RMB 13,717,565 million in 2013, marking an increase of about 5.1%[37] - The group’s total liabilities increased by CNY 699.402 billion, a growth of 5.10% compared to the end of the previous year[19] - The bank's equity attributable to shareholders reached RMB 903.632 billion, up 7.18% from the previous year[9] Customer Deposits and Loans - Customer deposits totaled RMB 12.535 trillion, marking a 6.13% increase from the previous year[9] - The net loans and advances amounted to RMB 7.220 trillion, reflecting a growth of 4.59% year-on-year[9] - The average daily deposit balance was CNY 116,799.57 billion, with a loan-to-deposit ratio of 60.25%, down by 0.92 percentage points from the end of the previous year[20] - The net increase in deposits from customers and other financial institutions was RMB 742,470 million in Q1 2014, compared to RMB 817,025 million in Q1 2013, reflecting a decline of 9.1%[41] Risk Management - The non-performing loan balance was CNY 91.991 billion, with a non-performing loan ratio of 1.22%, unchanged from the end of the previous year[21] - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place[38] - The group’s provision coverage ratio decreased to 362.29%, down by 4.75 percentage points from the end of the previous year[21] Cash Flow and Investments - The cash flow from operating activities was RMB 172.274 billion, down 12.39% from the previous year[9] - The net cash flow generated from operating activities for the group in Q1 2014 was RMB 172,274 million, compared to RMB 196,645 million in Q1 2013, showing a decrease of 12.3%[41] - The total cash and cash equivalents at the end of Q1 2014 amounted to RMB 930,445 million, down from RMB 1,039,737 million at the end of Q1 2013[43] - The net cash inflow from investment activities was RMB (56,967) million in Q1 2014, compared to RMB (120,377) million in Q1 2013, indicating a reduced outflow[43] Future Outlook - The bank plans to continue expanding its market presence and enhancing its digital banking services in the upcoming quarters[38]