2018-04-27 16:00Financial Performance - Net profit attributable to shareholders was RMB 20,091 million, a 3.97% increase year-over-year[5] - Operating income for the first quarter was RMB 49,099 million, down by 10.59% compared to the same period in 2017[5] - Net profit for the first quarter of 2018 was RMB 13,920 million, a decrease of 70.54% compared to RMB 47,254 million in the same period last year[37] - Net profit for Q1 2018 reached RMB 18,894 million, an increase of 4.3% compared to RMB 18,112 million in Q1 2017[51] - Total comprehensive income attributable to shareholders of the parent company was RMB 18,565 million, compared to RMB 19,647 million in the previous year, representing a decrease of 5.5%[51] Assets and Liabilities - As of March 31, 2018, total assets reached RMB 9,266,797 million, an increase of 2.53% from December 31, 2017[5] - Total liabilities were RMB 8,598,296 million, up by 2.83% from the previous quarter[5] - Customer loans amounted to RMB 4,704,065 million, reflecting a growth of 2.73% compared to the end of 2017[5] - Customer deposits increased to RMB 5,718,712 million, marking a rise of 3.13% from December 31, 2017[5] - The bank's total liabilities were RMB 8,598,296 million as of March 31, 2018, compared to RMB 8,361,983 million at the end of 2017, showing a growth of 2.83%[43] Income and Revenue - Net interest income was RMB 30.47 billion, a decrease of 2.40% year-on-year, accounting for 62.06% of total revenue[19] - The bank's fee and commission income for Q1 2018 was RMB 11,685 million, a decrease from RMB 12,202 million in Q1 2017, representing a decline of 4.25%[48] - The bank's investment income for Q1 2018 was RMB 883 million, an increase from RMB 536 million in the same period of 2017, reflecting a growth of 64.55%[48] - The bank's other business income for Q1 2018 was RMB 4,050 million, compared to RMB 3,355 million in Q1 2017, indicating an increase of 20.69%[48] Ratios and Coverage - The non-performing loan ratio remained stable at 1.50%[6] - The provision coverage ratio improved to 165.85%, an increase of 11.12 percentage points from the previous quarter[6] - The capital adequacy ratio stood at 14.00%, unchanged from the previous quarter[6] - The core capital adequacy ratio was 10.05% as of March 31, 2018, compared to 9.84% for the bank[33] - The leverage ratio was 6.61%, also in compliance with regulatory standards[31] Cash Flow and Investments - The net cash flow from operating activities was RMB 13,920 million, significantly lower than RMB 47,254 million in the same period last year[53] - Cash flow from investing activities totaled RMB 105.34 billion, a decrease of 26.2% compared to RMB 142.70 billion in the previous period[57] - Net cash flow from investing activities was RMB -3.24 billion, improving from RMB -39.40 billion year-over-year[57] - Cash flow from financing activities was RMB -5.14 billion, a decrease from RMB -15.86 billion in the previous period[57] Changes in Financial Position - The company's retained earnings decreased from RMB 124.51 billion to RMB 96.26 billion due to the adoption of new financial instrument standards[57] - Other comprehensive income improved from RMB -2.87 billion to RMB -0.99 billion following the implementation of new accounting standards[57] - The initial balance of cash and cash equivalents was RMB 223.80 billion, indicating a reduction of RMB 44.48 billion during the period[57]