2023-04-28 16:00Financial Performance - Net profit attributable to shareholders was RMB 14,232 million, reflecting a growth of 3.70% year-on-year[4]. - Operating income amounted to CNY 36.773 billion, up CNY 139 million, with a growth rate of 0.38% year-on-year[13]. - The net profit for the first quarter of 2023 was RMB 14,322 million, compared to RMB 13,819 million in the same period last year, representing a growth of 3.6%[50]. - The total comprehensive income for the first quarter of 2023 was RMB 15,462 million, an increase from RMB 12,239 million in the first quarter of 2022[52]. - The basic and diluted earnings per share for the first quarter of 2023 were RMB 0.33, up from RMB 0.31 in the same period of 2022[52]. Asset and Liability Management - Total assets reached RMB 7,603,107 million, an increase of 4.79% compared to the end of 2022[3]. - Total liabilities reached CNY 6.974833 trillion, up CNY 331.974 billion, with a growth rate of 5.00% compared to the end of the previous year[14]. - The group's equity attributable to shareholders reached RMB 615,340 million, an increase from RMB 599,928 million at the end of 2022, showing a growth of about 2.4%[48]. - The total amount of qualified high-quality liquid assets was RMB 1,045.68 billion, compared to RMB 1,003.96 billion at the end of the previous year[41]. Loan and Deposit Growth - Total loans and advances amounted to RMB 4,336,793 million, up 4.72% from the previous year[3]. - Customer deposits totaled RMB 4,197,989 million, marking a 5.12% increase year-on-year[3]. - The balance of loans to the manufacturing sector was CNY 448.130 billion, an increase of 13.59% year-on-year[14]. - The balance of corporate deposits was CNY 3.031705 trillion, an increase of 2.73% compared to the end of the previous year[17]. Risk Management and Asset Quality - The non-performing loan ratio improved to 1.60%, down from 1.68% at the end of 2022[3]. - The bank's provision coverage ratio improved to 144.11%, up from 142.49% at the end of 2022[3]. - The total amount of non-performing loans was RMB 69.27 billion, a decrease of RMB 1.19 billion compared to the end of the previous year, with a non-performing loan ratio of 1.60%, down 0.08 percentage points[35]. - The bank's credit impairment losses decreased to RMB 8,690 million from RMB 10,300 million in the same period last year, indicating improved asset quality[50]. Customer Engagement and Retail Banking - The number of retail customers reached 124.166 million, an increase of 2.334 million from the end of the previous year[21]. - Cumulative new customer acquisition reached 1.684 million, a year-on-year increase of 55.14%[20]. - Retail banking revenue reached CNY 16.029 billion, a year-on-year decrease of 6.15%, accounting for 46.29% of total revenue, down 3.53 percentage points[20]. - The bank's small and micro loans amounted to CNY 729.312 billion, an increase of CNY 45.871 billion from the end of the previous year[23]. Digital Transformation and Technology - The bank has developed a new three-year technology plan to support and promote digital transformation[29]. - The number of users for the Minsheng Micro APP 2.0 has exceeded 1.2 million by the end of the reporting period[24]. - The bank has optimized the approval time for the "Micro Business Loan" product from 80 seconds to approximately 8 seconds, significantly enhancing customer experience[31]. Market and Investment Activities - The bank's foreign exchange market derivative trading volume reached USD 320.3 billion during the reporting period[26]. - The bank's gold trading volume was 415.06 tons, with a total trading amount of CNY 183.04 billion[27]. - The total amount of transactions on the corporate online platform reached RMB 19 trillion, representing a year-on-year increase of 17.59%[33]. Cash Flow and Financing Activities - The cash flow from operating activities was RMB 225,971 million, significantly higher than RMB 142,204 million in the first quarter of 2022[54]. - The net cash flow from investment activities for the group in Q1 2023 was a negative RMB 48,831 million, compared to a negative RMB 21,237 million in Q1 2022, indicating a decline of approximately 129.5%[56]. - The cash inflow from bond issuance for the group was RMB 172,115 million in Q1 2023, down from RMB 212,992 million in Q1 2022, indicating a decrease of approximately 19.2%[56].