2022-04-29 08:31Financial Performance - Operating income for Q1 2022 was RMB 85.26 billion, representing a year-on-year increase of 10.17% compared to RMB 77.38 billion in Q1 2021[7] - Net profit for Q1 2022 reached RMB 25.03 billion, up 17.34% from RMB 21.33 billion in the same period last year[7] - Basic and diluted earnings per share for Q1 2022 were RMB 0.26, an increase of 8.33% from RMB 0.24 in Q1 2021[7] - The net income from fees and commissions was 9.087 billion RMB, showing a significant growth of 39.59% year-on-year[14] - The bank's net profit for Q1 2022 was CNY 25.03 billion, compared to CNY 21.33 billion in Q1 2021, reflecting a year-on-year increase of 17.5%[32] - The bank's net interest income for Q1 2022 was CNY 68.72 billion, up from CNY 66.01 billion in Q1 2021, representing a growth of 4.1%[32] - The bank's fee and commission income increased to CNY 16.09 billion in Q1 2022, compared to CNY 14.24 billion in Q1 2021, marking a growth of 13.0%[32] Assets and Liabilities - Total assets as of March 31, 2022, amounted to RMB 13.27 trillion, reflecting a growth of 5.45% from RMB 12.59 trillion at the end of 2021[6] - The bank's total liabilities as of March 31, 2022, were RMB 12.43 trillion, reflecting a growth of 5.41% from RMB 11.79 trillion at the end of 2021[6] - The total customer loans amounted to 6.81 trillion RMB, reflecting a growth of 5.50% year-on-year[14] - Total deposits reached RMB 11.92 trillion, up 4.98% from RMB 11.35 trillion at the end of 2021[6] - The total customer loans and advances reached CNY 6,808.77 billion, an increase of CNY 354.67 billion or 5.50% compared to the end of the previous year[26] - Total deposits amounted to CNY 11,919.33 billion, up CNY 565.26 billion or 4.98% from the end of the previous year[27] Capital Adequacy and Ratios - The core Tier 1 capital adequacy ratio was 9.61%, down 0.31 percentage points from the end of the previous year[29] - The Tier 1 Capital Adequacy Ratio stands at 12.37% as of March 31, 2022, slightly down from 12.39% at the end of 2021[39] - The overall Capital Adequacy Ratio is 14.99%, up from 14.78% on December 31, 2021[39] - The Leverage Ratio is reported at 6.12% as of March 31, 2022, compared to 6.10% at the end of 2021[40] - The Liquidity Coverage Ratio is 246.05% as of March 31, 2022, down from 248.54% at the end of 2021[41] Asset Quality and Risk Management - The non-performing loan ratio remained stable at 0.82% as of March 31, 2022, unchanged from the end of 2021[5] - The company’s asset quality remained strong, with credit impairment losses decreasing by 5.91% to CNY 11.598 billion[24] - Non-performing loan balance stood at CNY 55.79 billion, an increase of CNY 3.11 billion, with a non-performing loan ratio of 0.82%, unchanged from the previous year[29] - The overdue loan balance increased to CNY 63.09 billion, with an overdue rate of 0.93%, up 0.04 percentage points from the previous year[29] - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies in place[36] Future Outlook - The company has maintained a stable growth in business scale while focusing on high-quality development and risk management[13] - The bank plans to continue expanding its market presence and enhancing its product offerings in the upcoming quarters[36]