CCB(601939)2023-04-28 16:00Financial Performance - The operating income for Q1 2023 was RMB 207,076 million, a 0.96% increase from RMB 205,101 million in Q1 2022[20] - Net profit for Q1 2023 reached RMB 89,147 million, reflecting a 2.03% increase compared to RMB 87,370 million in Q1 2022[20] - The adjusted net profit attributable to shareholders was RMB 88,743 million, a slight increase of 0.26% from RMB 88,513 million in Q1 2022[20] - The group's net profit for the three months ended March 31, 2023, was 89,147 million, compared to 87,370 million in the same period of 2022, marking an increase of 2.03%[43] - Total comprehensive income for the group was 87,496 million, up from 82,589 million year-over-year, indicating a growth of 5.3%[45] - The net profit for the three months ended March 31, 2023, was RMB 891.47 billion, representing a year-on-year growth of 2.03%[58] Assets and Liabilities - The total assets as of March 31, 2023, amounted to RMB 36,941,947 million, a 6.77% increase from RMB 34,600,711 million at the end of 2022[20] - Total liabilities increased by RMB 2.25 trillion, a growth of 7.10%, with total deposits amounting to RMB 27.48 trillion, up by RMB 2.46 trillion or 9.82%[31] - The bank's total equity as of March 31, 2023, was RMB 2.96 trillion, an increase from RMB 2.88 trillion at the end of 2022[42] - The total assets of the group as of March 31, 2023, reached RMB 36.94 trillion, an increase of RMB 2.34 trillion or 6.77% compared to the end of the previous year[113] - The total amount of loans and advances issued by the group was RMB 22.53 trillion, up RMB 1.33 trillion or 6.28% from the end of the previous year[113] Loans and Advances - The balance of inclusive finance loans was RMB 2.67 trillion, an increase of RMB 322.05 billion compared to the end of the previous year[14] - The balance of housing rental loans was RMB 289.86 billion, an increase of RMB 47.66 billion compared to the end of the previous year[14] - As of March 31, 2023, the total loans and advances issued amounted to RMB 22,528,301 million, an increase of 6.28% from RMB 21,197,130 million as of December 31, 2022[57] - The net increase in loans and advances was RMB 1,340,907 million, compared to RMB 944,118 million in the previous year, showing a significant increase of 42.06%[94] User Engagement - The number of registered users for the "Yunongtong" APP reached 7.61 million, an increase of 2.5 million from the end of the previous year[14] - The number of personal mobile banking users reached 446 million, with monthly active users at 133 million[55] - The registered users of "CCB Life" reached 106 million, contributing to nearly 2.6 billion in consumption driven by government consumption vouchers in the first quarter[55] Financial Ratios - The liquidity coverage ratio stood at 142.09%[3] - The capital adequacy ratio as of March 31, 2023, was 17.88%, with a Tier 1 capital ratio of 13.86%[58] - The annualized average return on assets was 1.00%, and the annualized weighted average return on equity was 12.86%[58] - The core Tier 1 capital adequacy ratio as of March 31, 2023, was 13.19%, down from 13.69% at the end of 2022[104] - The leverage ratio of the group as of March 31, 2023, was 7.57%, meeting regulatory requirements[108] Income and Expenses - The net cash flow from operating activities was RMB 370,787 million, a decrease of 22.74% from RMB 479,940 million in Q1 2022[20] - The business and management expenses for the period were RMB 431.41 billion, an increase of RMB 11.66 billion year-on-year[59] - The income tax expense was RMB 155.58 billion, a decrease of RMB 5.63 billion compared to the same period last year[60] Credit and Impairment - Non-performing loans amounted to RMB 309.63 billion, with a non-performing loan ratio of 1.38%, remaining stable compared to the previous year[32] - The group reported a credit impairment loss of 51,577 million, slightly up from 51,514 million in the previous year[43] - The group reported an increase in credit impairment losses to RMB 51,577 million, slightly up from RMB 51,514 million, indicating a marginal increase of 0.12%[78] Green Finance - Green loan balance reached RMB 3.23 trillion, an increase of RMB 479.79 billion from the previous year[27] - The bank issued RMB 100 billion in domestic green financial bonds and underwrote 13 green and sustainable development bonds totaling RMB 11.9 billion[27] - The bank's cash contribution to the Jianxin Housing Rental Fund totaled RMB 50 billion, bringing the cumulative contribution to RMB 100 billion[36]