CZBANK(SH:601916)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was RMB 4,576 million, a slight increase of 1.06% compared to the same period last year[3]. - Total profit amounted to RMB 5,821 million in Q1 2021, slightly up from RMB 5,625 million in Q1 2020, indicating a growth of 3.5%[34]. - The total comprehensive income for the group was RMB 4,628 million in Q1 2021, down from RMB 5,754 million in Q1 2020, a decrease of 19.6%[36]. - Net profit attributable to shareholders reached RMB 4,576 million in Q1 2021, compared to RMB 4,528 million in Q1 2020, marking an increase of 1.1%[34]. Assets and Liabilities - Total assets reached RMB 2,060,155 million, an increase of 0.58% compared to the end of 2020[2]. - Total liabilities were CNY 1,923.842 billion, increasing by CNY 8.160 billion or 0.43% from the previous year[18]. - Total assets as of March 31, 2021, amounted to RMB 2,060,155 million, an increase from RMB 2,048,225 million at the end of 2020[26]. - Total liabilities as of March 31, 2021, were RMB 1,923,842 million, compared to RMB 1,915,682 million at the end of 2020[28]. Loans and Advances - Total loans and advances amounted to RMB 1,245,350 million, reflecting a growth of 3.98% year-on-year[2]. - Non-performing loans amounted to CNY 19.097 billion, an increase of CNY 2.052 billion or 12.04% from the previous year, with a non-performing loan ratio of 1.53%[18]. Income and Revenue - Net interest income was CNY 10.068 billion, an increase of CNY 0.685 billion or 7.30% year-on-year, with a net interest margin of 2.10%[18]. - Non-interest income accounted for 22.57% of total operating income, a decrease of 7.74 percentage points year-on-year[4]. - Non-interest income decreased to CNY 2.934 billion, down CNY 1.147 billion or 28.11% year-on-year, accounting for 22.57% of total revenue[18]. - Investment income decreased by 84.16% to RMB 420 million due to a decline in financial asset investment returns[21]. Cash Flow - The net cash flow from operating activities was negative at RMB (70,128) million, a significant decline of 306.07% year-on-year[3]. - The net cash flow from operating activities for the group was negative RMB 70,128 million for Q1 2021, compared to a positive RMB 34,031 million in Q1 2020[40]. - The net increase in cash flow from operating activities was RMB 98,314 million in Q1 2021, compared to RMB 172,826 million in Q1 2020, a decline of 43%[38]. - The group recorded a net decrease in cash and cash equivalents of RMB 18,903 million in Q1 2021, compared to a decrease of RMB 10,874 million in Q1 2020[44]. Capital Ratios - The core tier 1 capital adequacy ratio improved to 8.81%, up from 8.75% at the end of 2020[6]. - Capital adequacy ratio stood at 12.87%, a decrease of 0.06 percentage points from the previous year[18]. Shareholder Information - The number of shareholders reached 299,197, with the largest shareholder holding 21.41% of shares[12]. - The top ten shareholders collectively held 55.70% of the shares, indicating a concentrated ownership structure[12]. Other Income and Expenses - Other business income fell by 46.85% to RMB 59 million, indicating a decline in other business activities[21]. - Other income rose by 800.00% to RMB 27 million, primarily due to an increase in government subsidies related to operating activities[21]. - Non-operating income increased by 46.67% to RMB 22 million, influenced by non-recurring items[21]. - Non-operating expenses decreased by 64.71% to RMB 6 million, also due to non-recurring items[21].