2018-04-27 16:00Financial Performance - Net profit reached RMB 59,040 million, an increase of 5.85% year-on-year[6] - Operating income for the quarter was RMB 155,865 million, representing a growth of 5.04% compared to the same period last year[6] - The group achieved a net profit of RMB 59.04 billion for the three months ended March 31, 2018, representing a year-on-year increase of 5.85%[22] - The total profit amounted to RMB 71,346 million, a rise of 3.9% compared to RMB 68,944 million in the same quarter of 2017[60] - The net profit attributable to shareholders of the parent company was RMB 58,736 million, representing a growth of 5.5% from RMB 55,710 million in the previous year[60] Assets and Liabilities - Total assets reached RMB 21,639,047 million, an increase of 2.78% compared to the previous year[6] - Total liabilities were RMB 20,175,420 million, up by 2.81% from the previous year[6] - The group’s total liabilities increased by RMB 551.44 billion to RMB 20,175.42 billion, a growth of 2.81% compared to the end of the previous year[24] - Total assets increased by RMB 585.67 billion to RMB 21,639.05 billion, a growth of 2.78% compared to the end of the previous year[24] Customer Deposits and Loans - Customer deposits increased to RMB 16,864,890 million, marking a rise of 4.14% year-on-year[6] - Net loans and advances amounted to RMB 10,701,186 million, reflecting a growth of 3.73% year-on-year[6] - The net increase in customer loans and advances was RMB (436,541) million, compared to RMB (413,654) million in the previous year[63] - The group’s total loans and advances increased by RMB 426.92 billion to RMB 11,147.53 billion, a growth of 3.98% compared to the end of the previous year[24] Shareholder Information - The number of common shareholders totaled 466,247, with 442,617 being A-share shareholders[10] - The top two shareholders, Central Huijin Investment Ltd. and the Ministry of Finance of the People's Republic of China, hold 40.03% and 39.21% of shares respectively[12] - Basic earnings per share were RMB 0.17, up by 6.25% from the previous year[6] - The basic and diluted earnings per share were RMB 0.17, slightly up from RMB 0.16 in the same period last year[62] Capital and Ratios - The weighted average return on equity (annualized) was 17.22%, a decrease of 0.27 percentage points compared to the previous year[6] - The core tier 1 capital adequacy ratio decreased to 10.47% from 10.63% at the end of 2017, showing a decline of 0.16 percentage points[42] - The liquidity coverage ratio averaged 124.8% in the first quarter of 2018, which is an increase of 3.6 percentage points compared to the previous quarter[48] - The leverage ratio was reported at 6.23%, exceeding regulatory requirements[53] Investment and Income - The group’s interest income rose to RMB 1174.81 billion, marking a year-on-year increase of 13.83%[22] - The group’s investment income surged to RMB 3.93 billion, a significant increase of 389.04% year-on-year[30] - Net interest income increased to RMB 117,481 million, up 13.8% from RMB 103,206 million year-on-year[60] Cash Flow and Dividends - The bank distributed cash dividends of RMB 22 billion to shareholders, with a dividend per preferred share of RMB 5.50, based on a dividend yield of 5.50%[35] - The net cash flow from operating activities was negative at RMB 117,938 million, compared to a positive RMB 294,126 million in the same period last year[63] - The net cash flow from financing activities for the group was RMB 109,116 million, an increase of 89.5% compared to RMB 57,592 million in the same period last year[64] - The cash paid for dividends and profit distributions was RMB 2,200 million, unchanged from the previous year[64] Asset Quality - The non-performing loan balance decreased by RMB 7.08 billion to RMB 186.95 billion, with a non-performing loan ratio of 1.68%, down 0.13 percentage points from the end of the previous year[26] - The group reported a total asset impairment loss of RMB 33,972 million, which increased from RMB 23,629 million in the same period last year[60] Other Financial Metrics - The total expected cash outflows reached 426,205.479 million RMB[51] - The total expected cash inflows were 139,460.495 million RMB[51] - The net cash outflow was 323,031.299 million RMB[51] - The ending balance of cash and cash equivalents reached RMB 1,042,415 million, compared to RMB 954,362 million at the end of the same period last year, reflecting an increase of 9.2%[64]