2020-04-28 16:00Financial Performance - Net profit attributable to shareholders was RMB 21,451 million, a slight increase of 1.80% year-over-year[4] - Operating revenue for the first quarter was RMB 65,003 million, representing a growth of 4.67% compared to the same period in 2019[4] - The basic and diluted earnings per share were RMB 0.25, down by 10.71% compared to RMB 0.28 in the first quarter of 2019[4] - Net profit for the first quarter of 2020 was 21,542 million RMB, a slight increase from 21,347 million RMB in the same period of 2019, representing a growth of about 0.9%[30] - The company reported a comprehensive income total of 20,073 million RMB for Q1 2020, compared to 21,197 million RMB in the same period of 2019, indicating a decline of about 5.3%[31] - Net profit for Q1 2020 reached RMB 20,075 million, up from RMB 19,257 million in Q1 2019, reflecting a growth of 4.2%[33] Assets and Liabilities - As of March 31, 2020, total assets reached RMB 10,454,383 million, an increase of 5.54% from December 31, 2019[4] - Total liabilities were RMB 9,632,654 million, up by 5.80% from the previous year-end[4] - The total assets of the group reached RMB 10,454.38 billion, an increase of 5.54% compared to the end of the previous year[12] - The total liabilities amounted to RMB 9,632.65 billion, reflecting a growth of 5.80% year-on-year[12] - The company's total assets reached 9,953,145 million RMB as of March 31, 2020, compared to 9,451,865 million RMB at the end of 2019, reflecting an increase of approximately 5.3%[29] - Total liabilities amounted to 9,174,175 million RMB as of March 31, 2020, compared to 8,690,110 million RMB at the end of 2019, marking an increase of around 5.6%[29] Customer Loans and Deposits - Customer loans amounted to RMB 5,568,059 million, reflecting a growth of 4.97% compared to the end of 2019[4] - Customer deposits increased to RMB 6,298,973 million, marking a 4.89% rise from December 31, 2019[4] - The balance of customer loans was RMB 5,568.059 billion, an increase of RMB 263.784 billion, with a growth rate of 4.97%[17] - Customer deposits totaled RMB 6,298.973 billion, up RMB 293.903 billion, representing a growth of 4.89%[18] - The net increase in customer deposits was RMB 383,141 million, compared to RMB 346,108 million in the same period last year, showing a growth of 10.7%[34] Income and Expenses - Net interest income for the period was RMB 36.74 billion, an increase of RMB 1.88 billion, or 5.39% year-on-year[13] - The proportion of net interest income in operating revenue was 56.51%, up 0.38 percentage points year-on-year[13] - The net income from fees and commissions reached RMB 12.596 billion, an increase of RMB 540 million, representing a growth of 4.48% year-on-year[14] - Business and management expenses amounted to RMB 17.667 billion, up RMB 904 million, with a growth rate of 5.39% year-on-year[15] - Total operating expenses increased to RMB 29,296 million from RMB 27,606 million, indicating an increase of 6.1%[33] Cash Flow - The net cash flow from operating activities was RMB 142,946 million, a significant improvement from a negative RMB 6,687 million in the previous year[5] - Cash flow from operating activities for Q1 2020 was RMB 142,946 million, a significant improvement from a negative RMB 6,687 million in Q1 2019[34] - The company reported a net cash inflow from investment activities of RMB (85,931) million, compared to RMB (73,328) million in Q1 2019[34] - The net cash flow from financing activities was RMB 19,201 million, an increase from RMB 14,290 million in Q1 2019[35] - The net cash flow from investing activities was (77,330) million, compared to (61,251) million in the previous period[37] Capital and Ratios - The capital adequacy ratio at the end of the reporting period was 14.16%, with a Tier 1 capital adequacy ratio of 12.39%[39] - The leverage ratio at the end of the reporting period was 7.18%, meeting regulatory requirements[41] - The average liquidity coverage ratio for the first quarter was 129.73%, an increase of 9.04 percentage points from the previous quarter[43] - The core Tier 1 capital adequacy ratio was 10.83%, which meets regulatory standards[40] - The total net capital was 924,169 million, compared to 828,479 million in the previous period[40] Non-Performing Loans - The non-performing loan balance was RMB 88.455 billion, an increase of RMB 10.412 billion, with a growth rate of 13.34%[19] - The company's non-performing loan ratio remained stable, indicating effective risk management strategies in place[30] Future Plans - The company plans to issue up to RMB 90 billion in perpetual bonds, pending regulatory approval[22] - The company approved a capital increase of up to HKD 30 billion for its wholly-owned subsidiary, pending regulatory approval[22] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and customer service[30]