2016-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 0.51% to RMB 19,066 million, up from RMB 18,970 million[6] - Operating income grew by 13.42% to RMB 56,033 million, compared to RMB 49,405 million in the same period last year[6] - The group achieved operating income of RMB 560.33 billion, a year-on-year increase of 13.42%, and a net profit of RMB 190.66 billion, a year-on-year increase of 0.51%[16] - Net profit for the first quarter was RMB 19,231 million, a slight increase of 0.9% compared to RMB 19,053 million in the same period last year[49] - Operating income for the first quarter was RMB 56,033 million, up 13.2% from RMB 49,405 million year-on-year[48] Asset and Liability Management - Total assets increased by 3.48% to RMB 7,404,417 million as of March 31, 2016, compared to RMB 7,155,362 million at the end of 2015[5] - The total assets of the company reached RMB 7,259,485 million, an increase of 3.5% from the beginning of the year[45] - The total liabilities increased to RMB 6,847,508 million from RMB 6,617,270 million, reflecting a growth in customer deposits[42] - The total liabilities increased to RMB 6,716,642 million, reflecting a growth of 3.5% from RMB 6,489,729 million at the beginning of the year[45] Customer Loans and Deposits - Customer loans rose by 4.51% to RMB 3,889,728 million from RMB 3,722,006 million[5] - Customer loans amounted to RMB 38,897.28 billion, an increase of RMB 1,677.22 billion, or 4.51% from the beginning of the year[23] - Customer deposits reached RMB 46,385.70 billion, an increase of RMB 1,537.56 billion, or 3.43% from the beginning of the year[24] Capital Adequacy and Ratios - The capital adequacy ratio decreased to 13.22% from 13.49%[6] - Core Tier 1 capital adequacy ratio decreased to 11.08% from 11.14%[6] - The capital adequacy ratio stood at 13.22%, with a Tier 1 capital ratio of 11.39% and a core Tier 1 capital ratio of 11.08%, all meeting regulatory requirements[28] - The leverage ratio was 6.73%, in compliance with regulatory standards[30] Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB (20,314) million, a decrease of 126.37% compared to RMB 77,025 million in the previous year[6] - The liquidity coverage ratio (LCR) for the group in Q1 2016 was 111.50%, a decrease of 4.10 percentage points from Q4 2015, primarily due to a reduction in qualified liquid assets[34] - The average value of qualified liquid assets was RMB 1,167,759 million, while the expected total cash outflow was RMB 1,386,516 million[35] - The total expected cash inflow was RMB 602,953 million, resulting in a net cash outflow of RMB 1,027,775 million[36] Investment Activities - The total cash inflow from investment activities was RMB 127,221 million, up from RMB 56,754 million in the previous period, reflecting a substantial increase of 124.5%[53] - The cash outflow for investment activities was RMB 233,567 million, which is an increase from RMB 139,848 million in the prior period, indicating a rise of 67.1%[53] - The cash received from the recovery of investments was RMB 113,385 million, significantly higher than RMB 46,042 million in the previous period, showing an increase of 146.5%[53] - The net cash flow from investment activities was negative at RMB (106,346) million, worsening from RMB (83,094) million in the prior period[53] Shareholder Information - The number of ordinary shareholders totaled 475,264, with 436,908 A-share and 38,356 H-share holders[10] - The largest shareholder, the Ministry of Finance, holds 26.53% of the shares[11] - The company's equity attributable to shareholders increased to RMB 553,664 million from RMB 534,885 million, indicating a positive trend in retained earnings[42] - The total equity attributable to shareholders increased to RMB 542,843 million, up from RMB 524,742 million at the beginning of the year[45] Other Financial Metrics - The net interest income for the period was RMB 340.28 billion, a decrease of RMB 0.974 billion, representing a decline of 2.78%[17] - The net interest margin was 2.01%, down by 28 basis points year-on-year[18] - The company's interest income decreased to RMB 72,481 million, down 3.4% from RMB 75,094 million in the previous year[48] - The net interest income for the first quarter was RMB 34,028 million, a decrease of 2.8% from RMB 35,002 million year-on-year[48] - The company's other comprehensive income showed a loss of RMB 414 million, compared to a loss of RMB 33 million in the previous year[49]