2023-04-26 16:00Financial Performance - Net profit attributable to shareholders for the reporting period is not specified, but the equity attributable to shareholders increased to RMB 981,087 million, up 3.76% from the previous year[5] - In Q1 2023, the company achieved operating income of RMB 90.636 billion, a decrease of 1.47% year-on-year[27] - The net profit attributable to shareholders was RMB 38.839 billion, an increase of 7.82% year-on-year[27] - The net profit for Q1 2023 was RMB 39.23 billion, compared to RMB 36.31 billion in Q1 2022, reflecting a year-on-year increase[110] - The company reported a total operating income of RMB 90.636 billion for Q1 2023, slightly down from RMB 91.990 billion in Q1 2022[133] Assets and Liabilities - Total assets as of March 31, 2023, reached RMB 10,508,752 million, an increase of 3.65% compared to the end of 2022[5] - The total liabilities increased to CNY 9,518.99 billion, up by 3.64% from the previous year[54] - Customer deposits totaled RMB 7,771.878 billion, an increase of 3.13% from the end of the previous year, accounting for 81.65% of total liabilities[44] - The total assets of the group amounted to RMB 10,508.752 billion, an increase of 3.65% from the end of the previous year[43] - The total liabilities as of March 31, 2023, amounted to RMB 9,518.99 billion, an increase from RMB 9,184.67 billion at the end of the previous year[103] Capital and Equity - The company maintains a strong capital position with a focus on sustainable growth and risk management strategies[4] - The total equity attributable to shareholders reached RMB 981.09 billion, up from RMB 945.50 billion at the end of the previous year[103] - The company’s capital adequacy ratio, tier 1 capital ratio, and core tier 1 capital ratio were all above regulatory requirements, ensuring compliance with capital management standards[77] - The Group's capital adequacy ratio was 17.39%, down 0.38 percentage points from the end of 2022[96] - The Group's Tier 1 capital adequacy ratio was 15.34%, down 0.41 percentage points from the end of 2022[96] Risk Management - The company’s focus on risk management includes monitoring key sectors such as real estate and local government credit, with targeted control measures in place[77] - The company reported a credit impairment loss of CNY 16.42 billion, a decrease of 23.70% year-on-year[59] - The non-performing loan balance was RMB 60.302 billion, with a non-performing loan ratio of 0.95%, a decrease of 0.01 percentage points from the end of the previous year[37] - The company’s overdue loan balance was RMB 72.05 billion, with an overdue loan ratio of 1.21%[73] - The loan loss provision balance reached RMB 262.03 billion, an increase of RMB 8.61 billion from the previous year, with a provision coverage ratio of 463.19%[76] Customer and Market Insights - The total number of shareholders holding ordinary shares is significant, with the largest shareholder, Hong Kong Central Clearing (Agent), holding 4,553,855,048 shares, accounting for 18.06% of total share capital[10] - The number of high-net-worth clients (with average total assets of RMB 500,000 or more) increased by 4.49% year-on-year to 4.3296 million[83] - As of the end of the reporting period, the number of retail customers reached 187 million, an increase of 1.63% compared to the end of the previous year[100] - The total assets under management (AUM) for retail customers amounted to RMB 12,535.43 billion, an increase of RMB 412.42 billion, representing a growth of 3.40%[100] - The total assets under management for private banking clients amounted to RMB 3,886.403 billion, reflecting a growth of 2.48% year-over-year[124] Income Sources - The net interest income reached RMB 55.409 billion, growing by 1.74% year-on-year, accounting for 61.13% of total operating income[38] - Non-interest income was RMB 35.227 billion, down 6.13% year-on-year, primarily due to a decrease in fee and commission income[40] - Wealth management fees and commission income decreased by 13.25% year-on-year to CNY 9.11 billion, influenced by low client investment sentiment[58] - The net interest margin for the period was 2.18%[56] - The cash inflow from interest, fees, and commissions was 95,546 million RMB in Q1 2023, slightly lower than 98,047 million RMB in Q1 2022[138] Cash Flow and Liquidity - The net cash flow from financing activities for Q1 2023 was RMB 43.94 billion, a significant improvement compared to a net outflow of RMB 64.77 billion in Q1 2022[118] - The liquidity coverage ratio for Q1 2023 averaged 168.17%, an increase of 3.25 percentage points from the previous quarter, and the end-of-period liquidity coverage ratio was 161.68%[122] - The total cash inflow from operating activities was 473,022 million RMB in Q1 2023, down from 509,036 million RMB in Q1 2022[138] - The total cash and cash equivalents at the end of Q1 2023 were 468,573 million RMB, down from 500,771 million RMB at the end of Q1 2022[143] - The net cash flow from investment activities was -91,875 million RMB in Q1 2023, an improvement from -163,390 million RMB in Q1 2022[138]