2021-04-23 16:00Financial Performance - Net profit attributable to shareholders was RMB 32,015 million for Q1 2021, representing a 15.18% increase year-on-year[3]. - Operating income for Q1 2021 was RMB 84,751 million, up 10.64% from RMB 76,603 million in the same period last year[3]. - The basic earnings per share attributable to ordinary shareholders was RMB 1.27, a 15.45% increase compared to RMB 1.10 in Q1 2020[3]. - The weighted average return on equity for ordinary shareholders was 19.54%, an increase of 0.78 percentage points from the previous year[3]. - Net profit for Q1 2021 reached RMB 32,249 million, an increase from RMB 27,954 million in Q1 2020, representing a growth of 8.3%[42]. - Total operating income for Q1 2021 was RMB 84,751 million, compared to RMB 76,603 million in Q1 2020, reflecting a year-on-year increase of 10.3%[42]. - Net interest income for Q1 2021 was RMB 49,524 million, up from RMB 45,756 million in Q1 2020, marking an increase of 6.1%[41]. - Fee and commission income rose to RMB 29,074 million in Q1 2021, compared to RMB 23,768 million in Q1 2020, indicating a growth of 22.3%[41]. - The bank's total profit before tax for Q1 2021 was RMB 40,093 million, up from RMB 34,903 million in Q1 2020, representing an increase of 14.3%[42]. Asset and Liability Management - Total assets reached RMB 8,664,641 million as of March 31, 2021, an increase of 3.63% compared to the end of 2020[2]. - The total loans and advances amounted to RMB 5,312.529 billion, growing by 5.64% year-on-year[21]. - The non-performing loan balance was RMB 54.057 billion, with a non-performing loan ratio of 1.02%, a decrease of 0.05 percentage points from the end of the previous year[21]. - Customer deposits rose to RMB 5,864,976 million, reflecting a growth of 3.5% from RMB 5,664,135 million[37]. - Total liabilities reached RMB 7,902,787 million, an increase of 3.5% from RMB 7,631,094 million[37]. - The bank's equity attributable to shareholders increased to RMB 755,107 million, up 4.3% from RMB 723,750 million[37]. Capital Adequacy - The core Tier 1 capital adequacy ratio was 12.19% as of March 31, 2021, a decrease of 0.10 percentage points from the end of 2020[7]. - The capital adequacy ratio stood at 16.24%, down 0.30 percentage points compared to 16.54% at the end of 2020[7]. - The company's Tier 1 capital adequacy ratio was 13.43%, down by 0.19 percentage points compared to December 31, 2020[10]. - The total capital adequacy ratio stood at 15.98%, reflecting a decrease of 0.31 percentage points from the previous year-end[10]. - The company's loan loss provision balance stood at RMB 230.66 billion as of March 31, 2021, an increase of RMB 2.444 billion from the end of the previous year, with a provision coverage ratio of 443.82%[28]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB (32,388) million for Q1 2021, compared to RMB 87,147 million in the same period last year[3]. - Cash inflow from operating activities totaled RMB 396,040 million, down 28.8% from RMB 556,708 million in the same period last year[47]. - Cash inflow from investment activities was RMB 227,635 million, a decrease from RMB 252,837 million in Q1 2020[48]. - The liquidity coverage ratio at the end of Q1 2021 was 135.46%, meeting regulatory requirements[53]. - Total expected cash inflows reached 1,563,041 million, providing a buffer against outflows[54]. Strategic Initiatives - The company plans to distribute a cash dividend of RMB 1.253 per share based on the audited net profit of RMB 88.674 billion for the year 2020, subject to shareholder approval[31]. - The company is in the process of acquiring a 14.8559% stake in Taizhou Bank, which would increase its ownership from 10% to 24.8559% upon completion of the transaction[33]. - The company aims to enhance its wealth management capabilities and customer value creation through a focus on integrated online and offline services[28]. - The bank plans to enhance its digital banking services and expand its market presence in the coming quarters[39].