2022-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 6.33% to RMB 23,336 million for Q1 2022, compared to RMB 21,946 million in Q1 2021[3] - Operating income for Q1 2022 was RMB 73,608 million, reflecting a 7.70% increase from RMB 68,344 million in the same period last year[3] - Basic earnings per share rose by 3.33% to RMB 0.31, compared to RMB 0.30 in Q1 2021[3] - Total profit for Q1 2022 was RMB 25,167 million, a slight increase from RMB 24,966 million in Q1 2021[30] - The bank's operating profit for Q1 2022 was RMB 25,180 million, compared to RMB 24,871 million in Q1 2021, indicating a growth of 1.2%[30] Asset and Liability Management - Total assets increased by 5.64% to RMB 12,323,654 million as of March 31, 2022, compared to RMB 11,665,757 million at the end of 2021[3] - Total liabilities increased by 5.97% to RMB 11,326,932 million, up from RMB 10,688,521 million at the end of 2021[3] - Customer loans rose by 5.60% to RMB 6,927,971 million, up from RMB 6,560,400 million year-over-year[3] - Customer deposits grew by 6.50% to RMB 7,497,069 million, compared to RMB 7,039,777 million at the end of 2021[3] - The total assets of the company amounted to 12,323,654 million RMB, an increase from 11,665,757 million RMB at the end of 2021[25] Cash Flow and Liquidity - Net cash flow from operating activities was RMB 101,621 million, a significant turnaround from a net outflow of RMB 82,366 million in the previous year[6] - The liquidity coverage ratio averaged 115.77% in Q1 2022, an increase of 0.07 percentage points from the previous quarter, primarily due to an increase in high-quality liquid assets[44] - The total amount of expected cash outflows was RMB 3,699,681 million, while the total expected cash inflows were RMB 2,146,134 million, resulting in a net cash outflow of RMB 1,849,978 million[46] - The company recorded a net cash increase of 41,536 million RMB, contrasting with a decrease of 46,943 million RMB in the prior period[35] Asset Quality - The non-performing loan balance was CNY 1,018.37 billion, up by CNY 50.41 billion or 5.21% from the previous year, with a non-performing loan ratio of 1.47%[20] - The company's asset quality remained stable, with a slight decrease in the NPL ratio compared to the end of the previous year, while the attention loan ratio and overdue loan ratio increased slightly[23] - The company’s non-performing loans totaled 101,837 million RMB, with a slight decrease from 96,796 million RMB at the end of 2021[22] - The group maintained a provision coverage ratio of 166.66%, an increase of 0.16 percentage points compared to the previous year[20] Investment and Financial Metrics - The net interest income for Q1 2022 was CNY 42.53 billion, up by CNY 3,675.71 billion or 10.32% year-on-year, accounting for 57.78% of total operating income[14] - The financial investment net amount was CNY 35,884.78 billion, reflecting an increase of CNY 652.29 billion or 1.85% year-on-year[20] - The adjusted on-balance and off-balance sheet asset balance was RMB 13,416,205 million, up from RMB 12,632,573 million in 2021, reflecting a growth of 6.20%[43] - The capital adequacy ratio stood at 15.24%, with a core tier 1 capital ratio of 10.29%, both meeting regulatory requirements[39] Other Financial Indicators - The weighted average return on equity (annualized) decreased by 0.12 percentage points to 11.67%[3] - The company issued bonds generating cash inflow of 36,644 million RMB, compared to 7,000 million RMB previously[35] - The bank's credit impairment losses were RMB 15,419 million, an increase from RMB 14,938 million in the previous year[30] - The bank's other comprehensive income for Q1 2022 was a loss of RMB 3,793 million, compared to a gain of RMB 1,217 million in Q1 2021[30]