2018-04-26 16:00Financial Performance - Net profit attributable to shareholders was RMB 12.17 billion, a year-on-year increase of 6.82%[8] - Operating income for the first quarter was RMB 39.64 billion, up 4.91% from the same period in 2017[8] - Non-interest income increased by 21.72% year-on-year, contributing to 38.92% of total income[19] - The group's investment income increased by 642.84% year-on-year to RMB 8,721 million, attributed to changes in measurement methods under the new financial instrument standards[30] - Net profit for Q1 2018 reached RMB 12,429 million, up 9.1% from RMB 11,392 million in Q1 2017[43] - The total comprehensive income for the period was RMB 13,241 million, down from RMB 32,236 million year-on-year, indicating a decline of 59.0%[52] Asset and Liability Overview - Total assets as of March 31, 2018, were RMB 5,624.71 billion, a decrease of 0.93% from the end of 2017[7] - The total liabilities of the group were RMB 5,205,163 million, a decrease of 1.14% from RMB 5,265,258 million at the end of 2017[38] - The group's cash and deposits with the central bank decreased to RMB 493,448 million from RMB 568,300 million, a decline of 13.14%[38] - The bank's total liabilities and equity reached RMB 5,624,705 million as of March 31, 2018, down from RMB 5,677,691 million at the end of 2017[40] Loan and Credit Quality - Total customer loans and advances reached RMB 3,298.50 billion, an increase of 3.18% compared to the end of 2017[7] - The non-performing loan balance was RMB 56.01 billion, with a non-performing loan ratio of 1.70%, up 0.02 percentage points from the end of 2017[19] - The provision coverage ratio improved to 187.84%, an increase of 18.40 percentage points from the end of 2017[19] Capital and Shareholder Information - The core Tier 1 capital adequacy ratio was 8.58%, up 0.09 percentage points from the end of 2017[13] - The total equity attributable to shareholders of the bank increased to RMB 406,762 million as of March 31, 2018, compared to RMB 399,638 million at the end of 2017, representing a growth of 0.3%[40] - The total number of common shareholders as of the reporting period is 180,451, with 150,022 A-share shareholders and 30,429 H-share shareholders[21] - The top ten common shareholders hold a total of 98.99% of the shares, with China CITIC Limited holding 65.37% and Hong Kong Central Clearing Limited holding 24.78%[22] Cash Flow and Financing Activities - The cash flow from operating activities for Q1 2018 showed a net outflow of RMB 56,207 million, an improvement from a net outflow of RMB 158,595 million in Q1 2017[47] - The net cash flow from financing activities for the group was RMB 80,743 million, an increase of 6.3% compared to RMB 76,023 million in the same period last year[49] - The total cash inflow from financing activities was RMB 282,361 million, up from RMB 209,867 million year-on-year, representing a growth of 34.5%[49] Changes in Accounting Standards - The group has adopted new accounting standards effective January 1, 2018, impacting the measurement and reporting of financial instruments[31] - The group's expected liabilities surged by 532.29% to RMB 5,033 million due to increased impairment provisions under the new financial instrument standards[30] Other Notable Changes - The group's gold business saw a significant growth, with gold assets increasing by 91.46% to RMB 6,410 million[30] - The net interest margin was 1.87%, an increase of 0.08 percentage points year-on-year[19] - The interest paid on debt instruments was RMB 3,294 million, up from RMB 2,416 million in the same period last year, reflecting a rise of 36.3%[49]