农业银行(601288) - 2025 Q1 - 季度财报

Financial Performance - The total operating income for the first quarter of 2025 was RMB 186,674 million, representing a year-on-year increase of 0.35%[8] - The net profit attributable to shareholders of the parent company reached RMB 71,931 million, with a year-on-year growth of 2.20%[8] - For the three months ending March 31, 2025, the group achieved a net profit of RMB 72.116 billion, an increase of 1.80% year-on-year[21] - Net profit for the first quarter of 2025 was RMB 72,116 million, compared to RMB 70,839 million in the same period of 2024, reflecting a year-on-year increase of about 1.8%[36] - The total comprehensive income for the group for the three months ended March 31, 2025, was RMB 50,505 million, a decrease from RMB 66,038 million in the same period of 2024[37] - The group’s basic earnings per share remained stable at RMB 0.19, unchanged from the same period last year[21] - The group’s basic and diluted earnings per share remained at RMB 0.19 for the three months ended March 31, 2025, unchanged from the same period in 2024[37] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 44,818,957 million, reflecting a 3.66% increase from the end of the previous year[8] - Total assets as of March 31, 2025, amounted to RMB 44,818.957 billion, reflecting a growth of 3.66% compared to the end of the previous year[22] - As of March 31, 2025, total liabilities were RMB 41,675.952 billion, an increase of 3.82% from the previous year-end[22] - The total liabilities amounted to RMB 41,675,952 million as of March 31, 2025, up from RMB 40,140,862 million at the end of 2024, indicating an increase of about 3.83%[35] - The total amount of loans and advances reached RMB 26,187.372 billion, increasing by 5.14% from the previous year-end[22] - The bank's loan and advance to customers reached RMB 25,221,001 million, an increase from RMB 23,977,013 million year-on-year, representing a growth of approximately 5.2%[34] Cash Flow - The net cash flow from operating activities was negative at RMB (768,830) million, a significant decrease of 198.12% compared to the same period last year[11] - The net cash inflow from financing activities for the group was RMB 374,422 million for the three months ended March 31, 2025, up from RMB 63,340 million in the same period of 2024[39] - The net cash outflow from investment activities for the group was RMB 145,817 million for the three months ended March 31, 2025, compared to RMB 1,187,549 million in the same period of 2024[39] - The group's cash and cash equivalents at the end of the period were RMB 1,309,593 million, down from RMB 2,170,383 million at the end of March 31, 2024[40] - The group recorded a net decrease in cash received from operating activities of RMB 2,407,213 million for the three months ended March 31, 2025, compared to RMB 1,835,462 million in the same period of 2024[39] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 495,130, with the top ten shareholders holding a significant portion of the shares[12] - Central Huijin Investment Ltd. held 40.14% of the shares, while the Ministry of Finance of the People's Republic of China held 35.29%[12] - The equity attributable to shareholders of the parent company increased to RMB 3,137,261 million, a rise of 1.50% from the previous year-end[8] - The bank's capital adequacy ratio remained stable, with total equity attributable to shareholders of the parent company at RMB 3,137,261 million as of March 31, 2025, compared to RMB 3,090,808 million at the end of 2024[35] - The capital adequacy ratio was reported at 17.79%, with a core tier 1 capital ratio of 11.23%[27] Income and Expenses - The group reported a net interest margin of 1.34%, with net interest income of RMB 140.577 billion, down 2.74% year-on-year[21] - The net interest income decreased to RMB 140,577 million in Q1 2025 from RMB 144,535 million in Q1 2024, a decline of approximately 2.7%[36] - The bank's fee and commission income decreased slightly to RMB 31,430 million in Q1 2025 from RMB 32,505 million in Q1 2024, a decline of about 3.3%[36] - Investment income surged to RMB 7,173 million in Q1 2025, compared to RMB 3,664 million in the same period of 2024, marking an increase of approximately 96.5%[36] Non-Performing Loans - The non-performing loan balance was RMB 334.644 billion, with a non-performing loan ratio of 1.28%, a decrease of 0.02 percentage points from the previous year-end[24] - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place despite the increase in total loans[36] Other Information - The company reported non-recurring losses totaling RMB (60) million for the quarter, primarily due to fixed asset disposal losses[9] - The company has not disclosed any new product developments or market expansion strategies in this report[1] - The group experienced a foreign exchange impact on cash and cash equivalents of RMB 3,206 million for the three months ended March 31, 2025, compared to a negative impact of RMB 1,696 million in the same period of 2024[40]