ICBC(SH:601398)2025-04-29 12:53Financial Performance - For Q1 2025, the operating income was RMB 204,688 million, a decrease of 2.61% compared to RMB 210,165 million in Q1 2024[8] - The net profit attributable to shareholders was RMB 84,156 million, down 3.99% from RMB 87,653 million in the same period last year[8] - Basic and diluted earnings per share were both RMB 0.23, a decline of 4.17% from RMB 0.24 in Q1 2024[8] - In Q1 2025, the company achieved a net profit of 84.709 billion RMB, a year-on-year decrease of 3.81%[26] - The bank reported a total comprehensive income of RMB 67,172 million for Q1 2025, down 33.5% from RMB 100,977 million in Q1 2024[32] - The bank's net fee and commission income for Q1 2025 was RMB 38,878 million, a slight decrease of 1.2% from RMB 39,342 million in Q1 2024[30] - The bank's operating profit for Q1 2025 was RMB 98,221 million, a decrease of 3.2% from RMB 101,505 million in Q1 2024[30] - Net interest income was 156.784 billion RMB, down 2.86% year-on-year, with an annualized net interest margin of 1.33%[26] - Interest income for Q1 2025 was RMB 338,083 million, a decrease of 6.9% from RMB 363,079 million in Q1 2024[30] - Net interest income for Q1 2025 was RMB 156,784 million, down 2.8% from RMB 161,401 million in Q1 2024[30] - Net profit for Q1 2025 was RMB 84,709 million, a decline of 3.9% compared to RMB 88,062 million in Q1 2024[31] Assets and Liabilities - The total assets as of March 31, 2025, increased by 5.58% to RMB 51,547,045 million from RMB 48,821,746 million at the end of 2024[8] - Total assets reached 51,547.045 billion RMB, an increase of 2,725.299 billion RMB, or 5.58% compared to the end of the previous year[27] - Total liabilities increased by 2,651.739 billion RMB, or 5.91%, reaching 47,486.219 billion RMB[27] - Total liabilities as of March 31, 2025, were RMB 47,486,219 million, an increase of 5.8% from RMB 44,834,480 million as of December 31, 2024[34] - Customer loans and advances totaled 29,683.041 billion RMB, increasing by 1,310.812 billion RMB, or 4.62%[27] - Customer loans and advances amounted to RMB 28,889,645 million, up from RMB 27,613,781 million as of December 31, 2024[33] - Customer deposits rose to 36,431.832 billion RMB, an increase of 1,594.859 billion RMB, or 4.58%[27] - Customer deposits rose to RMB 1,645,342 million, up from RMB 1,521,252 million in the first quarter of 2024, reflecting a growth of 8.1%[36] Shareholder Information - The total number of ordinary shareholders was 707,770, with 103,824 holding H shares and 603,946 holding A shares[12] - The top shareholder, Central Huijin Investment Ltd., held 34.79% of A shares, totaling 124,004,660,940 shares[14] - The number of overseas preferred shareholders was 1, while there were 30 and 37 domestic preferred shareholders for "ICBC Preferred 1" and "ICBC Preferred 2," respectively[16] Capital and Ratios - The equity attributable to shareholders rose by 1.67% to RMB 4,036,224 million from RMB 3,969,841 million at the end of 2024[8] - The weighted average return on equity (annualized) decreased by 1.00 percentage points to 9.06% from 10.06%[8] - The company's core Tier 1 capital adequacy ratio was 13.89%, meeting regulatory requirements[28] - The core tier 1 capital ratio as of March 31, 2025, was 13.89%, slightly down from 14.10% at the end of 2024[42] - The total risk-weighted assets increased to RMB 26,580,039 million from RMB 25,710,855 million at the end of 2024, indicating a growth of 3.4%[42] - The total risk-weighted assets as of March 31, 2025, are RMB 26,580,039 million, compared to RMB 25,710,855 million as of December 31, 2024, reflecting a growth of approximately 3.38%[49] - The leverage ratio calculated as total loss-absorbing capacity over adjusted on- and off-balance sheet assets is 10.80%[46] - The leverage ratio for March 31, 2025, is 7.47%, down from 7.75% at the end of 2024[54] Cash Flow - The net cash flow from operating activities decreased by 31.07%, from RMB 1,367,252 million to RMB 942,479 million[10] - For the three months ended March 31, 2025, the net cash flow from operating activities was RMB 942,479 million, a decrease of 31.1% compared to RMB 1,367,252 million in the same period of 2024[36] - The net cash flow from investment activities was negative RMB 797,534 million, significantly higher than the negative RMB 199,921 million reported in the first quarter of 2024[37] - The net cash flow from financing activities increased to RMB 386,082 million, compared to RMB 65,894 million in the same period last year[37] Risk and Liquidity - The liquidity coverage ratio was 121.09% as of March 31, 2025, down from 140.25% at the end of 2024[43] - The net stable funding ratio improved to 127.05% from 128.16% at the end of 2024[43] - The total expected cash outflows amount to CNY 11,735,576 million, while the total expected cash inflows are CNY 5,139,165 million[56] - The net cash outflow is CNY 7,692,162 million, indicating increased liquidity needs[56] - The total amount of non-collateralized wholesale funding is CNY 17,793,238 million, with business relationship deposits at CNY 8,051,155 million[56]