2020-04-28 16:00Financial Performance - Operating income for the first quarter was RMB 186,706 million, up 7.90% from RMB 173,031 million in the same period last year[5] - Net profit for the quarter was RMB 64,365 million, representing a 3.61% increase compared to RMB 62,121 million in the previous year[5] - The bank's basic earnings per share for the quarter was RMB 0.18, an increase of 5.88% compared to RMB 0.17 in the same period last year[5] - The net profit attributable to shareholders of the parent company reached RMB 64,187 million, a year-on-year increase of 4.8% from RMB 61,251 million[44] - The total comprehensive income for the group was RMB 75,250 million, compared to RMB 64,928 million in the same period last year, marking a growth of 15.5%[44] Asset and Liability Management - Total assets reached RMB 26,226,388 million, an increase of 5.42% compared to the previous year[5] - Total liabilities amounted to RMB 241,935.51 billion, up by RMB 12,750.25 billion, reflecting a growth of 5.56%[19] - Customer deposits totaled RMB 19,539,807 million, an increase of 5.38% from RMB 18,542,861 million at the end of the previous year[5] - The bank's total equity increased to RMB 20,328.37 billion, a rise of RMB 730.75 billion or 3.73% from the end of the previous year[20] Income Sources - Net interest income was CNY 129.659 billion, an increase of 8.85% year-on-year[18] - Net fee and commission income reached CNY 31.149 billion, a year-on-year increase of 6.61%[18] - The group's fee and commission income increased to RMB 33,989 million, compared to RMB 32,350 million in the same period last year, reflecting a growth of 5.1%[43] Credit and Impairment - Credit impairment losses increased by CNY 22.86 billion year-on-year to CNY 44.852 billion[18] - The group's credit impairment losses were RMB 44,852 million, an increase from RMB 42,566 million in the same period of 2019, indicating a rise of 5.4%[43] - The non-performing loan balance was RMB 1,966.93 billion, with a non-performing loan ratio of 21.40%, unchanged from the end of the previous year[21] Capital and Liquidity - The average liquidity coverage ratio for the first quarter of 2020 was 145.2%, an increase of 19.6 percentage points from the previous quarter[34] - Core Tier 1 capital adequacy ratio stood at 11.34% as of March 31, 2020, compared to 11.24% at the end of the previous year[32] - The leverage ratio as of March 31, 2020, was 6.98%, exceeding regulatory requirements[36] - The total qualified liquid assets amounted to RMB 4,767,546 million, with a net liquidity outflow of RMB 2,974,560 million, resulting in a liquidity coverage ratio of 145.2%[35] Shareholder Information - The bank's equity attributable to shareholders reached RMB 2,021,002 million, a rise of 3.73% year-on-year[5] - The number of ordinary shareholders was 406,316, with A-share shareholders accounting for 383,624[8] - The bank's cash dividend policy was executed with a total cash dividend of RMB 2.2 billion distributed to shareholders[29] Cash Flow Management - The net cash flow from operating activities was RMB 262,567 million, slightly down from RMB 263,874 million in the first quarter of 2019[45] - The net cash flow from investment activities was negative at RMB 43,760 million, an improvement from the negative RMB 80,341 million in the same period last year[46] - Total cash inflow from financing activities was RMB 21,306 million, compared to a cash outflow of RMB 3,757 million in the previous year[46] - The total cash and cash equivalents increased by RMB 242,845 million during the period, reflecting strong liquidity management[46]