CCB(SH:601939)2017-04-27 16:00Financial Performance - Net profit for the period was RMB 70,231 million, reflecting a growth of 3.42% year-on-year[9] - Operating income amounted to RMB 159,038 million, up by 2.09% from the same period last year[9] - Basic and diluted earnings per share were RMB 0.28, an increase of 3.70% year-on-year[9] - The bank's net profit attributable to shareholders was RMB 70,012 million, representing a 3.03% increase year-on-year[9] - The net profit for the three months ended March 31, 2017, was RMB 70.231 billion, representing a year-on-year growth of 3.42%[21] - The bank's net fee and commission income for the three months ended March 31, 2017, was RMB 38,767 million, slightly up from RMB 38,376 million in 2016, a growth of 1.0%[30] - The bank's total comprehensive income for the three months ended March 31, 2017, was RMB 60,995 million, down from RMB 65,160 million in 2016, a decrease of 6.7%[32] - For the three months ended March 31, 2017, the pre-tax profit was RMB 87,773 million, a slight decrease of 0.42% compared to RMB 88,144 million in the same period of 2016[43] Assets and Liabilities - Total assets reached RMB 21,695,204 million, an increase of 3.49% compared to the previous year[9] - The total liabilities amounted to RMB 20,044.597 billion, increasing by RMB 670.546 billion or 3.46% year-on-year[19] - Customer loans and advances totaled RMB 12,171.546 billion, up RMB 414.514 billion or 3.53% from the previous year[19] - Customer deposits increased to RMB 16,232.198 billion, a rise of RMB 829.283 billion or 5.38% compared to the end of the previous year[19] - Total assets as of March 31, 2017, reached RMB 21,695,204 million, up from RMB 20,963,705 million at the end of 2016, indicating a growth of 3.5%[34] - Customer loans and advances amounted to RMB 11,877,235 million, an increase from RMB 11,488,355 million at the end of 2016, representing a growth of 3.4%[34] - Total liabilities as of March 31, 2017, were RMB 20,044,597 million, compared to RMB 19,374,051 million at the end of 2016, an increase of 3.5%[37] Cash Flow - The net cash flow from operating activities was RMB 263,313 million, a decrease of 26.86% compared to the previous year[9] - The net cash flow generated from operating activities was RMB 263,313 million, down 26.9% from RMB 360,031 million year-on-year[46] - The net cash flow from investment activities was RMB (7,198) million, an improvement from RMB (9,321) million in the same period last year[48] - The net cash received from investment recoveries was RMB 333,172 million, up 26.0% from RMB 264,611 million in the same period last year[48] Capital and Ratios - The return on average equity decreased by 0.90 percentage points to 17.63%[9] - The capital adequacy ratio was reported at 14.82%, with a Tier 1 capital ratio of 13.14%, meeting regulatory requirements[20] - The core Tier 1 capital ratio stood at 12.98% as of March 31, 2017, unchanged from the previous quarter[55] - The leverage ratio was reported at 7.01%, meeting regulatory requirements[58] - The average liquidity coverage ratio for Q1 2017 was 124.70%, meeting regulatory requirements[61] Shareholder Information - The number of ordinary shareholders as of March 31, 2017, was 408,558, with 47,511 being H-share holders[10] - The top shareholder, Central Huijin Investment Ltd., held 57.03% of the shares, totaling 142,590,494,651 H-shares[13] Non-Performing Loans - The non-performing loan balance was RMB 184.511 billion, with a non-performing loan ratio of 1.52%, unchanged from the end of the previous year[19] - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies in place[30] Other Financial Metrics - The cost-to-income ratio increased to 21.24%, up 0.68 percentage points from the previous year[21] - The impairment losses on assets increased to RMB 36,162 million from RMB 26,701 million, indicating a rise of 35.2%[43] - The net increase in customer loans and advances was RMB (426,878) million, compared to RMB (357,188) million in the previous year, showing a decline in lending activity[46] - The net interest income was RMB 106.923 billion, a decrease of 0.89% compared to the same period last year[21] - Interest income for the three months ended March 31, 2017, was RMB 179,561 million, an increase from RMB 177,272 million in the same period of 2016, representing a growth of 1.6%[30] - Net interest income for the same period was RMB 106,923 million, slightly down from RMB 107,886 million in 2016, a decrease of 0.9%[30]