CCB(601939)2022-04-29 16:00Financial Performance - The bank reported operating income of RMB 232.23 billion for Q1 2022, an increase of 7.25% compared to RMB 216.52 billion in Q1 2021[4] - Net profit for the quarter was RMB 87.82 billion, up 5.78% from RMB 83.02 billion in the same period last year[4] - The net profit attributable to shareholders was RMB 88.74 billion, reflecting a 6.77% increase from RMB 83.12 billion year-on-year[4] - The net profit for the group for the three months ended March 31, 2022, was RMB 87,818 million, an increase from RMB 83,020 million in the same period of 2021, representing a growth of 9.5%[27] - The comprehensive income total for the group for the three months ended March 31, 2022, was RMB 84,111 million, compared to RMB 79,896 million for the same period in 2021, reflecting an increase of about 5.5%[21] Assets and Liabilities - Total assets reached RMB 32,012.25 billion, marking a growth of 5.81% from RMB 30,253.98 billion at the end of 2021[4] - The bank's total liabilities increased by 6.06% to RMB 29,314.07 billion, up from RMB 27,571.92 billion at the end of 2021[9] - The total assets of China Construction Bank as of March 31, 2022, were RMB 32,012,252 million, up from RMB 30,253,979 million as of December 31, 2021, representing a growth of about 5.8%[17] - The total liabilities of China Construction Bank as of March 31, 2022, amounted to RMB 29,314,072 million, an increase from RMB 27,639,857 million as of December 31, 2021, representing a growth of approximately 6.06%[17] Cash Flow - The net cash flow from operating activities surged to RMB 479.94 billion, a significant increase of 89.43% compared to RMB 253.37 billion in Q1 2021[4] - The net cash flow from operating activities for the group was RMB 479,940 million, compared to RMB 253,365 million for the same period in 2021, indicating a significant increase[27] - The net cash inflow from operating activities was RMB 431,784 million, compared to RMB 333,137 million in the same period last year, representing a year-over-year increase of approximately 29.6%[24] - The total cash inflow from investment activities was RMB 490,729 million, compared to RMB 521,242 million in the same quarter of 2021, reflecting a decrease of approximately 5.8%[25] - The cash outflow from investment activities amounted to RMB 728,261 million, which is an increase from RMB 596,899 million in the same period last year, representing a rise of about 22.0%[25] Loans and Advances - The total amount of loans and advances issued was CNY 19,746.98 billion, an increase of CNY 939.15 billion or 4.99% compared to the end of the previous year[11] - The balance of inclusive finance loans was CNY 2,024.16 billion, up CNY 150.47 billion from the end of the previous year, with 2.09 million inclusive finance loan customers added[11] - The balance of green loans was CNY 2.26 trillion, an increase of CNY 297.22 billion or 15.14% from the end of the previous year[11] - The net increase in loans and advances was RMB 944,235 million, compared to RMB 892,630 million in the previous year, showing an increase of about 5.8%[24] Shareholder Information - The number of ordinary shareholders as of March 31, 2022, was 373,414, with A-share shareholders numbering 333,719 and H-share shareholders 39,695[7] - The bank's total equity attributable to shareholders was RMB 2,673.27 billion, an increase of 3.29% from RMB 2,588.23 billion at the end of 2021[4] - The total equity attributable to shareholders of the bank as of March 31, 2022, was RMB 2,698,180 million, compared to RMB 2,614,122 million as of December 31, 2021, marking an increase of approximately 3.21%[17] Capital and Ratios - The bank's capital adequacy ratio was 17.91%, with a Tier 1 capital ratio of 14.21% as of March 31, meeting regulatory requirements[13] - The core tier 1 capital adequacy ratio for the group was 13.67% as of March 31, 2022, compared to 13.59% at the end of 2021, showing a slight improvement[32] - The leverage ratio for the group was 7.94% as of March 31, 2022, which meets the regulatory requirement of at least 4%[33] - The liquidity coverage ratio for the group was 136.06% in the first quarter of 2022, an increase of 1.36 percentage points compared to the fourth quarter of 2021[35] Income and Expenses - The net interest income for the period was CNY 159.49 billion, an increase of 8.39% year-on-year[13] - The net interest income for the group was RMB 159,491 million for the three months ended March 31, 2022, an increase from RMB 147,148 million in the same period of 2021, representing an increase of about 8.99%[19] - The net fee and commission income for the group was RMB 41,073 million for the three months ended March 31, 2022, compared to RMB 39,612 million in the same period of 2021, indicating an increase of approximately 3.69%[19] - The investment income for the group was RMB 1,847 million for the three months ended March 31, 2022, down from RMB 5,651 million in the same period of 2021, indicating a decrease of approximately 67.32%[19] Credit and Impairment - The non-performing loan ratio was 1.40%, a decrease of 0.02 percentage points from the end of the previous year[12] - The group reported an increase in credit impairment losses to RMB 51,514 million for the three months ended March 31, 2022, compared to RMB 52,284 million in the same period of 2021[27]