BOB(SH:601169)2025-04-29 12:48Financial Performance - Net profit attributable to shareholders decreased by 2.44% year-on-year to RMB 7,672 million[6] - Basic earnings per share decreased by 2.70% to RMB 0.36[6] - The weighted average return on equity decreased by 1.08 percentage points to 11.31%[6] - Operating revenue was CNY 171.27 billion, a year-on-year decrease of 3.18%[22] - Net profit attributable to shareholders was CNY 76.72 billion, down 2.44% year-on-year[22] - The bank's net interest income for Q1 2025 was CNY 12.59 billion, slightly down from CNY 12.77 billion in Q1 2024[49] - The bank's total operating income for Q1 2025 was CNY 17.13 billion, a decrease from CNY 17.69 billion in Q1 2024[49] - The net profit for the first quarter of 2025 was 7,687 million RMB, showing a slight decrease from 7,883 million RMB in the same period of 2024[50] - The total comprehensive income for the first quarter of 2025 was 4,354 million RMB, compared to 9,478 million RMB in the first quarter of 2024, indicating a significant decline[50] - The basic and diluted earnings per share for the first quarter of 2025 were both 0.36 RMB, down from 0.37 RMB in the previous year[50] Asset and Liability Management - Total assets increased by 5.87% year-on-year to RMB 4,469,422 million[5] - Total liabilities amounted to CNY 4.11 trillion, up 6.30% year-to-date[22] - The net capital of the group as of March 31, 2025, is 381,771 million RMB, an increase from 367,022 million RMB at the end of 2024[17] - The bank's total liabilities reached CNY 4.11 trillion, an increase from CNY 3.86 trillion at the end of 2024[48] - The bank's total equity as of March 31, 2025, was CNY 363.02 billion, compared to CNY 358.34 billion at the end of 2024[48] Loan and Deposit Growth - Retail deposits reached CNY 778.69 billion, a 5.4% increase from the beginning of the year[24] - Individual loan balance was CNY 706.98 billion, reflecting a year-on-year growth of 4.29%[24] - The loan scale increased to CNY 1,452.5 billion, up CNY 108.7 billion, representing a growth rate of 8.09% year-on-year[34] - The company approved 28 key projects with a total credit amount exceeding CNY 58.4 billion during the reporting period[34] - The company's deposit scale reached CNY 1,810.5 billion, an increase of CNY 104.5 billion, with a growth rate of 6.13% compared to the beginning of the year[34] Non-Performing Loans and Risk Management - Non-performing loan ratio improved slightly to 1.30%, down by 0.01 percentage points from the previous year[5] - The provision coverage ratio decreased by 10.67 percentage points to 198.08%[5] Customer and Market Engagement - The number of ordinary shareholders at the end of the reporting period was 140,289[9] - The largest shareholder, ING BANK N.V., holds 13.03% of the shares[9] - The number of retail customers exceeded 31 million, with high-end customer contributions increasing[24] - The company effectively served over 31,780 clients, enhancing customer acquisition through a diversified channel layout[35] - The "京行 e 链通" service reached over 26,000 clients, a year-on-year increase of 49%[38] Financial Market and Investment Activities - The financial market business scale reached CNY 4.90 trillion, a growth of 5.72% compared to the beginning of the year[45] - The bank's bill trading achieved a profit of CNY 5.01 billion, with a year-on-year increase of 21.81%[45] - The total assets under custody amounted to CNY 2.57 trillion, reflecting a growth of 12.9% since the beginning of the year[46] - The bank's investment income for Q1 2025 was CNY 4.18 billion, up from CNY 3.46 billion in Q1 2024[49] Cash Flow Analysis - The cash flow from operating activities showed a net outflow of RMB 11,611 million[6] - The net cash flow from operating activities for the first quarter of 2025 was -11,611 million RMB, slightly improved from -12,098 million RMB in the same period of 2024[51] - The net cash flow from investing activities for the first quarter of 2025 was -78,666 million RMB, a substantial increase from -9,500 million RMB in the first quarter of 2024[52] - The net cash flow from financing activities for the first quarter of 2025 was 72,694 million RMB, a significant recovery from -19,811 million RMB in the same period of 2024[52] - The total cash and cash equivalents at the end of the first quarter of 2025 stood at 381,859 million RMB, up from 278,041 million RMB at the end of the first quarter of 2024[52] - The net increase in deposits and interbank placements for the first quarter of 2025 was 135,739 million RMB, compared to 127,731 million RMB in the same period of 2024[51] - The cash received from investment activities in the first quarter of 2025 was 190,056 million RMB, compared to 130,621 million RMB in the first quarter of 2024[52] - The cash paid for investments in the first quarter of 2025 was 268,550 million RMB, significantly higher than 139,577 million RMB in the same period of 2024[52] Capital and Regulatory Ratios - The core Tier 1 capital ratio is 8.64% as of March 31, 2025, down from 8.95% at the end of 2024[17] - The leverage ratio is 6.80% as of March 31, 2025, compared to 7.08% at the end of 2024[19] - The liquidity coverage ratio is 141.97%, with qualified liquid assets amounting to 547,048.72 million RMB[20] Strategic Initiatives - The company is focusing on deepening transformation, solidifying customer base, and accelerating digital transformation[21] - The company launched new credit card products targeting young consumers and pet owners, enhancing its brand presence in the market[31]