BOB(SH:601169)2022-04-29 16:00Financial Performance - Total operating income for Q1 2022 was RMB 17,622 million, an increase of 2.07% compared to RMB 17,265 million in the same period last year[3] - Net profit attributable to shareholders was RMB 7,353 million, reflecting a growth of 6.60% from RMB 6,898 million year-on-year[3] - Basic and diluted earnings per share were both RMB 0.35, up 6.06% from RMB 0.33 in the same quarter last year[3] - Total profit for Q1 2022 was RMB 8,479 million, up from RMB 7,992 million in Q1 2021, marking an increase of 6.09%[20] - Net profit for Q1 2022 was RMB 7,388 million, compared to RMB 6,933 million in Q1 2021, reflecting an increase of 6.57%[20] - Total comprehensive income for Q1 2022 was RMB 6,599 million, down from RMB 7,066 million in Q1 2021, a decrease of 6.61%[20] Cash Flow and Liquidity - Net cash flow from operating activities decreased significantly by 88.86%, amounting to RMB 2,926 million compared to RMB 26,255 million in the previous year[5] - The net cash flow from investing activities for Q1 2022 was RMB 25,562 million, a significant improvement from a net outflow of RMB 2,030 million in Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 3,139,910 million, representing a 2.65% increase from RMB 3,058,959 million at the end of the previous year[3] - The total assets of the company increased, with a year-end cash and cash equivalents balance of RMB 248,569 million, up from RMB 236,399 million at the end of Q1 2021[22] - The total loans amounted to CNY 17,491.77 billion, growing by 4.54% year-on-year, with loans accounting for 55.71% of total assets, up 1.01 percentage points[14] - The total deposits reached CNY 18,420.35 billion, an increase of 8.40% year-on-year, with deposits accounting for 64.95% of total liabilities, up 3.42 percentage points[14] Capital and Ratios - The total net capital of the company as of March 31, 2022, was RMB 324.36 billion, an increase from RMB 316.78 billion at the end of December 2021[11] - The core Tier 1 capital as of March 31, 2022, was RMB 226.21 billion, compared to RMB 222.52 billion at the end of December 2021[11] - The company's Tier 1 capital adequacy ratio was 13.37% as of March 31, 2022, compared to 13.45% at the end of December 2021[11] - The liquidity coverage ratio was reported at 142.24% with high-quality liquid assets amounting to RMB 410.43 billion[13] - The weighted average return on equity was 3.33%, a slight decrease of 0.04 percentage points compared to 3.37% in the previous year[3] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 213,183[6] - The largest shareholder, ING BANK N.V., held 2,755,013,100 shares, representing 13.03% of the total shares[6] Non-Performing Loans and Income - The non-performing loan ratio remained stable at 1.44%, unchanged from the previous year[3] - The provision coverage ratio increased to 211.50%, up 1.28 percentage points from 210.22% last year[3] - The non-interest income reached CNY 4.65 billion, growing by 6.19%, with non-interest income accounting for 26.39% of total operating income, an increase of 1.02 percentage points[14] - Retail net interest income grew by 23.4%, with retail deposits' cost rate decreasing by 5 basis points compared to the beginning of the year[15] Asset Management and Digital Initiatives - The assets under management (AUM) increased by over CNY 120 billion, reaching CNY 923.1 billion, with personal loan balances accounting for 40% of the total, up 5.6 percentage points year-on-year[15] - The company launched a green automotive finance center and upgraded its customer service center to enhance digital banking capabilities[15]