CCB(SH:601939)2014-04-27 16:00Financial Performance - Net profit for the quarter was RMB 65.92 billion, representing a year-on-year growth of 10.40%[17] - Total profit for the quarter was RMB 85.77 billion, a year-on-year increase of 10.87%[17] - The group's net profit for the three months ended March 31, 2014, was RMB 65,922 million, representing a 10.4% increase from RMB 59,713 million in the same period of 2013[36] - The total comprehensive income for the group for the three months ended March 31, 2014, was RMB 73,291 million, compared to RMB 61,276 million in the same period of 2013, reflecting a growth of 19.7%[36] Assets and Liabilities - Total assets reached RMB 16,141.45 billion, an increase of 5.07% compared to the end of the previous year[13] - The total assets of the group reached RMB 16,141,448 million as of March 31, 2014, compared to RMB 15,363,210 million as of December 31, 2013, indicating a growth in total assets[26] - The total liabilities of the group as of March 31, 2014, amounted to RMB 14,993,729 million, an increase from RMB 14,288,881 million at the end of 2013[31] - The group's total equity as of March 31, 2014, was RMB 1,147,719 million, up from RMB 1,074,329 million at the end of 2013, indicating a growth of 6.8%[31] Customer Loans and Deposits - Customer loans and advances totaled RMB 89,211.28 billion, up 3.85% from the end of the previous year[13] - The amount of loans and advances to customers increased to RMB 8,684,839 million as of March 31, 2014, up from RMB 8,361,361 million as of December 31, 2013[26] - Customer deposits amounted to RMB 128,586.02 billion, a growth of 5.20% compared to the end of the previous year[14] - Customer deposits increased to RMB 12,858,602 million as of March 31, 2014, compared to RMB 12,223,037 million at the end of 2013, reflecting a growth of 5.2%[31] Income and Expenses - Net interest income was RMB 103.21 billion, reflecting an 11.80% increase year-on-year[17] - The group's operating income for the three months ended March 31, 2014, was RMB 147,351 million, an increase of 17.3% compared to RMB 125,584 million in the same period of 2013[34] - Investment income decreased by 52.90% to RMB 844 million for the three months ended March 31, 2014, compared to RMB 1,792 million for the same period in 2013[21] - Other business income surged by 281.98% to RMB 10,008 million, driven by growth in the insurance business[21] Capital Adequacy - As of March 31, 2014, the capital adequacy ratio of the group was 13.50%, with a Tier 1 capital ratio of 11.11% and a core Tier 1 capital ratio of 11.11%, showing increases of 0.16, 0.36, and 0.36 percentage points respectively compared to December 31, 2013[18] - The core tier 1 capital ratio for the group was 11.11% as of March 31, 2014, an increase from 10.75% at the end of 2013[54] - The total capital adequacy ratio for the group was 13.50% as of March 31, 2014, compared to 13.34% at the end of 2013[54] - The bank's core capital adequacy ratio was 11.17% as of March 31, 2014, up from 11.14% at the end of 2013[54] Cash Flow - The net cash inflow from operating activities was RMB 256,705 million, a significant recovery from a net outflow of RMB (135,857) million in the same period last year[42] - The total cash and cash equivalents at the end of the period reached RMB 661,221 million, compared to RMB 587,365 million at the end of the same period last year, marking an increase of 12.6%[47] - The cash inflow from investment activities was RMB 129,944 million, slightly down from RMB 142,252 million in the previous year, reflecting a decrease of 8.5%[44] - The cash outflow from financing activities was RMB (13,507) million, compared to RMB (1,523) million in the same period last year, indicating a significant increase in cash outflow[47]