2019-04-29 16:00Financial Performance - Net profit attributable to shareholders was RMB 21,071 million, representing a 4.88% increase from RMB 20,091 million in the same period of 2018[6]. - Operating revenue for the first quarter was RMB 62,100 million, marking a significant increase of 26.48% from RMB 49,099 million in the first quarter of 2018[5]. - Basic and diluted earnings per share rose to RMB 0.28, up 3.70% from RMB 0.27 in the same period last year[6]. - The net profit for the first quarter was CNY 62,100 million, compared to CNY 49,099 million in the same period last year, showing a growth of 26.5%[39]. - Net profit for Q1 2019 reached 21,347 million RMB, an increase from 20,232 million RMB in the same period last year, representing a growth of 5.5%[40]. - The total profit for Q1 2019 was 21,891 million RMB, compared to 21,640 million RMB in the previous year, showing a slight increase of 1.2%[42]. - The company achieved a total comprehensive income of 19,255 million RMB, an increase from 17,606 million RMB, representing a growth of 9.4%[43]. Assets and Liabilities - Total assets reached RMB 9,785,747 million as of March 31, 2019, an increase of 2.67% from RMB 9,531,171 million at the end of 2018[5]. - Total liabilities were RMB 9,059,865 million, up by 2.65% from RMB 8,825,863 million at the end of 2018[5]. - The total assets of the group reached RMB 97,857.47 billion, an increase of 2.67% compared to the end of the previous year[13]. - The total liabilities amounted to RMB 90,598.65 billion, reflecting a growth of 2.65% year-on-year[13]. Customer Loans and Deposits - Customer loans amounted to RMB 5,068,189 million, reflecting a growth of 4.41% compared to RMB 4,854,228 million at the end of 2018[5]. - Customer deposits increased to RMB 6,035,252 million, a rise of 5.43% from RMB 5,724,489 million at the end of 2018[5]. - The balance of customer loans was RMB 50,681.89 billion, an increase of RMB 2,139.61 billion, or 4.41%[18]. - The balance of customer deposits reached RMB 60,352.52 billion, increasing by RMB 3,107.63 billion, or 5.43%[19]. Income and Expenses - The net interest income for the period was RMB 348.57 billion, up by RMB 56.45 billion, a growth of 19.32%[14]. - Investment income rose by 43.36% year-on-year to RMB 3,068 million in Q1 2019, attributed to the disposal of certain profitable bonds[30]. - Insurance business revenue surged by 125.21% year-on-year to RMB 7,013 million, driven by the expansion of subsidiary operations[30]. - The bank's investment income increased to CNY 3,068 million from CNY 2,140 million, representing a growth of 43.4%[39]. - The company reported a credit impairment loss of 10,631 million RMB, which is significantly higher than the 6,924 million RMB reported in the previous year, indicating a rise of 53.5%[42]. Cash Flow - The net cash flow from operating activities was negative RMB 7,298 million, a decline of 152.43% compared to RMB 13,920 million in the first quarter of 2018[6]. - The net cash flow from operating activities decreased significantly by 152.43% to RMB -7,298 million in Q1 2019, mainly due to reduced borrowing from the central bank[30]. - The net cash flow from operating activities was reported at (7,298) million RMB, a decline from 13,920 million RMB in the same period last year[44]. - The net cash flow from investing activities was (73,328) million RMB, compared to (49,579) million RMB in the previous year[45]. - The net cash flow from financing activities increased to 14,901 million RMB from 3,871 million RMB year-over-year[45]. Capital and Ratios - The capital adequacy ratio stood at 14.23%, with a Tier 1 capital adequacy ratio of 12.23%[21]. - The leverage ratio of the group was 6.82%, meeting regulatory requirements[25]. - The group’s net interest margin was 1.59%, an increase of 23 basis points year-on-year[14]. - The liquidity coverage ratio averaged 121.31% in Q1 2019, an increase of 9.28 percentage points from the previous quarter, primarily due to an increase in high-quality liquid assets[27]. - The bank's capital adequacy ratio remains strong, supporting future growth and compliance with regulatory requirements[39]. Strategic Initiatives - The company plans to issue up to RMB 400 billion of contingent convertible bonds, pending shareholder approval[31]. - The board approved a capital increase of up to RMB 55 billion for its wholly-owned subsidiary, aiming to enhance operational capacity[32]. - The bank plans to expand its market presence through strategic partnerships and technology investments in the upcoming quarters[39].