2021-04-29 16:00Financial Performance - Net profit for the first quarter was RMB 66,188 million, up 2.83% from RMB 64,365 million in the same period last year[5] - Operating income for the quarter was RMB 194,452 million, representing a 4.15% increase compared to RMB 186,706 million in the previous year[5] - The total comprehensive income for the group was RMB 61,586 million, down from RMB 75,250 million, indicating a decrease of 18.2% year-over-year[47] - The net profit attributable to shareholders increased to RMB 892,100 million as of March 31, 2021, compared to RMB 828,240 million at the end of 2020[45] - The net profit attributable to shareholders of the parent company was RMB 65,861 million, representing a 2.6% increase compared to RMB 64,187 million in the previous year[47] Assets and Liabilities - Total assets reached RMB 28,547,154 million, an increase of 4.93% compared to the end of the previous year[5] - The total liabilities increased to RMB 26,276,758 million, marking a 5.13% rise from the previous year-end[5] - The total assets of the group increased to RMB 29,000,000 million, reflecting a growth of 5.2% compared to the previous year[46] - Total liabilities amounted to CNY 262,767.58 billion, up CNY 12,824.57 billion or 5.13% year-over-year[22] Customer Deposits and Loans - Customer deposits reached RMB 21,848,987 million, which is a 7.25% increase from RMB 20,372,901 million at the end of the previous year[5] - The net increase in customer loans and advances was RMB (906,878) million, compared to RMB (768,828) million in the previous year, indicating a higher outflow[48] - The total amount of loans and advances in county finance reached CNY 56,828.47 billion, an increase of CNY 3,775.42 billion or 7.12% compared to the end of the previous year[25] Income and Expenses - Net interest income increased to 140.112 billion RMB, a year-on-year growth of 4.76%[21] - Net fee and commission income rose to 30.371 billion RMB, showing a year-on-year increase of 12.24%[21] - Business and management expenses were 43.459 billion RMB, up 2.33% year-on-year[21] - The cost-to-income ratio improved to 22.35%, a decrease of 0.4 percentage points year-on-year[21] Cash Flow - The net cash flow from operating activities surged by 45.78% to RMB 382,770 million, compared to RMB 262,567 million in the same period last year[5] - Cash inflow from financing activities reached RMB 453,308 million, an increase of 57.4% compared to RMB 287,976 million in the same period last year[49] - The net cash flow from financing activities was RMB -22,742 million, compared to a positive RMB 21,306 million in the same period last year[49] Shareholder Information - The number of ordinary shareholders totaled 402,608, with 380,704 being A-share shareholders[9] - The top two shareholders, Central Huijin Investment Ltd. and the Ministry of Finance, hold 40.03% and 35.29% of A-shares, respectively[10] - The bank's cash dividend policy was executed with a total cash dividend of CNY 19.36 billion distributed to shareholders[31] Ratios and Capital Adequacy - The weighted average return on equity (annualized) decreased to 13.65%, down by 0.60 percentage points from 14.25% in the previous year[5] - The bank's core tier 1 capital adequacy ratio was 10.98%, slightly up from 10.96% at the end of the previous year[35] - The average liquidity coverage ratio for Q1 2021 was 129.8%, an increase of 13.5 percentage points from the previous quarter[38] - The leverage ratio as of March 31, 2021, is 7.28%, exceeding regulatory requirements[40] Investment Activities - The total cash inflow from investment activities was RMB 384,499 million, a decrease of 28.3% from RMB 536,065 million in the same period last year[49] - The cash inflow from investment income was RMB 326,826 million, a decrease of 32.4% from RMB 483,135 million in the same period last year[49] - The cash outflow from investment activities amounted to RMB 403,681 million, down 30.5% from RMB 579,825 million year-on-year[49]