BOB(SH:601169)2023-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 1.90% to CNY 7,493 million year-on-year[4] - Operating income decreased by 6.92% to CNY 16,403 million compared to the same period last year[4] - Basic earnings per share remained stable at CNY 0.35[4] - Weighted average return on equity decreased by 0.14 percentage points to 3.19%[4] - The company reported a net cash flow from operating activities of CNY (33,582) million, indicating a significant decrease compared to the previous year[4] - Total operating income for Q1 2023 was RMB 16,403 million, a decrease of 6.9% from RMB 17,622 million in Q1 2022[36] - Net profit for Q1 2023 increased to RMB 7,536 million, up 2.0% from RMB 7,388 million in Q1 2022[37] - Net profit for Q1 2023 was CNY 7,306 million, slightly up from CNY 7,290 million in Q1 2022, indicating a year-on-year increase of 0.22%[43] - Total comprehensive income for Q1 2023 reached CNY 7,961 million, compared to CNY 6,501 million in Q1 2022, reflecting a growth of 22.49%[43] Asset and Liability Management - Total assets increased by 3.38% to CNY 3,502,325 million compared to the end of the previous year[3] - Total liabilities increased to CNY 3,184.52 billion, up from CNY 3,077.34 billion at the end of 2022[35] - Total risk-weighted assets amount to RMB 2,431.083 billion, an increase from RMB 2,352.106 billion at the end of 2022[11] - Total assets as of March 31, 2023, amounted to RMB 3,347,722 million, with loans and advances to customers at RMB 1,704,835 million[40] - Total liabilities were CNY 3,142,123 million in Q1 2023, up from CNY 3,040,626 million in Q1 2022, representing a growth of 3.35%[41] Capital Adequacy and Liquidity - The core Tier 1 capital stands at RMB 240.635 billion, up from RMB 233.065 billion in December 2022, reflecting a growth of 3.3%[11] - The Tier 1 capital adequacy ratio is reported at 12.76%, slightly down from 12.86% in the previous period[11] - The liquidity coverage ratio is at 138.43%, indicating a strong liquidity position with qualified liquid assets amounting to RMB 486.534 billion[13] - The leverage ratio is reported at 7.55%, a slight increase from 7.53% in December 2022[12] Loan and Deposit Growth - Total loans amounted to CNY 1,899.08 billion, a growth of 5.66% year-to-date, with loans constituting 54.22% of total assets, up 1.17 percentage points[15] - Corporate deposits grew by CNY 64.6 billion to CNY 1,396.7 billion, an increase of 4.85%; corporate loans increased by CNY 92.7 billion to CNY 1,037.5 billion, a growth of 9.81%[19] - Retail business AUM grew by CNY 66.4 billion year-on-year to CNY 989.5 billion; average daily savings deposits increased by over CNY 90 billion, a growth rate of 20.2%[17] - The number of retail customers reached 27.95 million, an increase of 427,000 from the beginning of the year; personal pension accounts opened surpassed 650,000, growing by 450,000[18] Non-Performing Loans and Risk Management - Non-performing loan ratio decreased by 0.07 percentage points to 1.36%[3] - Provision coverage ratio increased by 6.97 percentage points to 217.01%[3] - The non-performing loan ratio improved to 1.36%, down 0.07 percentage points from the beginning of the year; provision coverage ratio increased to 217.01%, up 6.97 percentage points[16] - The bank recovered CNY 1.492 billion in previously written-off loans, a year-on-year increase of 337.54%[23] Digital Transformation and Strategic Initiatives - The company emphasizes digital transformation and risk management as key strategies for high-quality development[14] - The bank's digital transformation projects included the launch of the "Little Giant" APP 3.0, expanding credit financing services to 19 items, and a 52% year-on-year increase in supply chain investment[22] - The bank's digital RMB initiatives included the launch of the "Yuanbao" hardware wallet and exploration of digital RMB applications in corporate loans[22] Awards and Recognition - The company won multiple awards, including the "Best Supply Chain Financial Bank" at the 7th China Supply Chain Finance Industry Benchmark Awards[21]