2023-04-28 16:00Financial Performance - The company achieved operating revenue of 189.36 billion RMB, a year-on-year increase of 2.19%[57]. - Net profit attributable to shareholders of the parent company was 71.55 billion RMB, reflecting a growth of 1.75% compared to the previous year[41]. - The total operating income for the group reached RMB 189,360 million for the three months ended March 31, 2023, compared to RMB 185,305 million for the same period in 2022, reflecting a growth of 1.1%[93]. - The total profit before tax was RMB 83,027 million, down from RMB 85,140 million, a decrease of 2.5% year-on-year[93]. - The net profit attributable to shareholders for the first quarter of 2023 was CNY 60.1 billion, compared to CNY 64.2 billion for the same period in 2022[75]. - The total comprehensive income for the first quarter of 2023 was CNY 60.1 billion, compared to CNY 64.2 billion for the same period in 2022[75]. Cash Flow and Liquidity - The net cash flow from operating activities for the first quarter of 2023 was RMB 905,857 million, a significant increase of 146.64% compared to RMB 367,281 million in the same period of 2022[25]. - The group reported a net cash inflow of RMB 663,541 million for the period, compared to RMB 159,862 million in the same period last year, indicating a substantial increase[98]. - The average liquidity coverage ratio for the first quarter of 2023 was 124.5%[69]. - The average liquidity coverage ratio for the first quarter of 2023 was 124.5%, down by 7.6 percentage points from the previous quarter, indicating a decrease in liquidity buffer[88]. - The cash and cash equivalents at the end of the period stood at RMB 2,369,174 million, up from RMB 1,284,624 million, reflecting a significant increase of 84.7%[98]. Assets and Liabilities - As of March 31, 2023, the total assets of the group reached RMB 36,811,547 million, an increase from RMB 33,925,488 million at the end of 2022, representing an increase of approximately 8.5%[17]. - Total liabilities increased to 340,783.56 billion RMB, reflecting a growth of 9.04% from the previous year-end[58]. - The total expected cash outflows amounted to CNY 7,365.05 billion, while the total expected cash inflows were CNY 3,660.56 billion[69]. - The balance of loans to the manufacturing sector as of March 31, 2023, was RMB 26,925 million, indicating a continued focus on supporting the real economy[3]. - The balance of inclusive finance loans was CNY 3,136.8 billion, up by CNY 570.7 billion, reflecting a growth of 22% compared to the end of the previous year[60]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 476,934, with the top ten shareholders holding a combined 40.39% of shares[30]. - The largest shareholder, Central Huijin Investment Ltd., holds 140,087,446,351 shares, representing 40.03% of the total[30]. - The second-largest shareholder, the Ministry of Finance, holds 123,515,185,240 shares, accounting for 35.29%[30]. - The total number of preferred shareholders is 36, with the largest holding being 55,600,000 shares by China Merchants Jinling Shipyard[33]. - The preferred shares held by the top ten shareholders account for 13.90% of the total preferred shares[33]. Financial Ratios and Coverage - The leverage ratio as of March 31, 2023, was 7.05%, exceeding regulatory requirements[15]. - The leverage ratio as of March 31, 2023, was 7.05%, down from 7.52% at the end of 2022[70]. - The company’s provision coverage ratio improved to 302.61%, up by 0.01 percentage points from the previous year-end[52]. - The bank's core tier 1 capital adequacy ratio stood at 10.70%, down from 11.15% in the previous quarter, indicating a slight decline in capital strength[86]. - The non-performing loan balance stood at 287.90 billion RMB, with a non-performing loan ratio of 1.37%, unchanged from the end of the previous year[52]. Investment Activities - The group reported a cash inflow from investment activities of RMB 585,554 million for the first quarter of 2023, compared to RMB 475,734 million in the same period of 2022[22]. - The group’s cash outflow from investment activities was RMB 808,434 million for the first quarter of 2023, up from RMB 679,247 million in the same period of 2022[22]. - Investment income surged to RMB 4,607 million, significantly higher than RMB 1,574 million in the previous year, marking an increase of 192.5%[93]. Operational Highlights - The bank plans to expand its market presence through strategic partnerships and technology investments in the coming quarters[76]. - The bank's net profit for the first quarter of 2023 is expected to show a positive trend, driven by increased interest income and improved asset quality[76]. - The bank's non-performing loan ratio remained stable, reflecting effective risk management practices[76].