2023-04-27 08:55Financial Performance - Net profit for Q1 2023 was RMB 26,285 million, up 5.03% from RMB 25,026 million in Q1 2022[14] - Operating income for Q1 2023 was RMB 88,242 million, representing a 3.50% increase from RMB 85,256 million in Q1 2022[14] - Net profit attributable to shareholders was CNY 26.28 billion, a year-over-year increase of 5.22%[20] - Operating income was CNY 88.24 billion, reflecting a 3.50% increase compared to the previous year[20] - Net profit reached CNY 26.29 billion, an increase of CNY 1.26 billion, or 5.03% year-on-year[24] - The bank's basic and diluted earnings per share for Q1 2023 were CNY 0.27, compared to CNY 0.26 in the same period last year[37] Assets and Liabilities - Total assets increased to RMB 14,697,475 million, a 4.48% increase from RMB 14,067,282 million at the end of 2022[13] - Total liabilities amounted to RMB 13,805,964 million, an increase of 4.26% from RMB 13,241,468 million at the end of 2022[13] - Total assets reached CNY 14.70 trillion, an increase of 4.48% year-over-year[20] - Total liabilities increased to CNY 13.81 trillion, up by 4.26% year-over-year[20] Customer Loans and Deposits - Customer loans reached RMB 7,622,902 million, reflecting a growth of 5.72% compared to RMB 7,210,433 million at the end of 2022[13] - Customer deposits reached RMB 13,240,198 million, up 4.13% from RMB 12,714,485 million at the end of 2022[13] - Customer loans amounted to CNY 7.62 trillion, growing by 5.72% compared to the previous year[20] - Customer deposits surpassed CNY 13 trillion, reaching CNY 13.24 trillion, a growth of 4.13% from last year[20] Cash Flow - The net cash flow from operating activities decreased significantly to RMB 24,216 million, down 83.13% from RMB 143,558 million in the same period last year[15] - The net cash flow used in investing activities for Q1 2023 was RMB (3,334) million, an improvement from RMB (119,112) million in Q1 2022[41] - The net cash flow from financing activities for Q1 2023 was RMB 47,240 million, compared to RMB 43,878 million in Q1 2022, showing a slight increase[41] Capital Adequacy and Ratios - The return on average equity (annualized) for Q1 2023 was 14.37%, a decrease of 0.45 percentage points from 14.82% in Q1 2022[14] - Core Tier 1 capital adequacy ratio improved to 9.72%, up by 0.36 percentage points from last year[20] - The bank's core Tier 1 capital adequacy ratio was 9.72%, an increase of 0.36 percentage points from the end of the previous year[32] - The leverage ratio as of March 31, 2023, was 5.77%, an increase from 5.61% as of December 31, 2022[43] - The liquidity coverage ratio decreased to 236.41% as of March 31, 2023, down from 250.86% as of December 31, 2022[44] Non-Performing Loans - Non-performing loan ratio improved to 0.82%, down by 0.02 percentage points from the previous year[20] - As of the end of Q1 2023, the bank's non-performing loan balance was CNY 62.62 billion, an increase of CNY 1.88 billion from the end of the previous year, with a non-performing loan ratio of 0.82%, down by 0.02 percentage points[31] - The bank's overdue loan balance was CNY 72.22 billion, an increase of CNY 4.07 billion from the end of the previous year, maintaining an overdue rate of 0.95%[32] - The bank's provision coverage ratio was 381.12%, down by 4.39 percentage points from the end of the previous year[32] Fee and Commission Income - Net income from fees and commissions rose to CNY 11.59 billion, a significant increase of 27.50% year-over-year[20] - Fee and commission income increased by CNY 2.50 billion, or 27.50%, totaling CNY 11.59 billion, driven by growth in insurance, credit card, and investment banking services[25] - The bank's fee and commission income for Q1 2023 was CNY 21.47 billion, compared to CNY 16.09 billion in Q1 2022, marking a significant increase of 33.56%[36] Other Financial Metrics - Net interest income was CNY 69.40 billion, up CNY 6.82 billion, or 0.99% year-on-year, with a net interest margin of 2.09%[25] - The pre-tax profit for Q1 2023 was RMB 29,464 million, a slight increase from RMB 28,793 million in Q1 2022[40] - Cash and cash equivalents increased to RMB 308,021 million as of March 31, 2023, from RMB 239,980 million at the beginning of the period[41]