2024-04-26 09:19Financial Performance - Net profit attributable to shareholders for Q1 2024 was RMB 24,988 million, up 1.44% from RMB 24,633 million in Q1 2023[3] - Operating revenue for Q1 2024 was RMB 67,059 million, a slight decrease of 0.03% from RMB 67,079 million in the same period last year[3] - Basic earnings per share for Q1 2024 were RMB 0.34, up 3.03% from RMB 0.33 in Q1 2023[3] - Total profit for Q1 2024 reached CNY 27,349 million, up from CNY 26,402 million in Q1 2023, indicating an increase of 3.6%[29] - The bank's total comprehensive income for Q1 2024 was CNY 26,434 million, an increase from CNY 24,140 million in Q1 2023, representing a rise of 9.5%[30] - Investment income rose to CNY 6,481 million in Q1 2024 from CNY 5,947 million in Q1 2023, marking an increase of 8.9%[28] Assets and Liabilities - Total assets as of March 31, 2024, reached RMB 14,238,091 million, an increase of 1.26% from RMB 14,060,472 million at the end of 2023[3] - Total liabilities amounted to RMB 13,112,273 million, an increase from RMB 12,961,022 million at the end of 2023[25] - The bank's total equity reached RMB 1,125,818 million, compared to RMB 1,099,450 million at the end of 2023, indicating a growth of approximately 2.4%[26] Customer Loans and Deposits - Customer loans amounted to RMB 8,203,223 million, reflecting a growth of 3.09% compared to RMB 7,957,085 million in December 2023[3] - Customer deposits totaled RMB 8,679,901 million, an increase of 1.50% from RMB 8,551,215 million at the end of 2023[3] - Customer loan balance was CNY 8,203.22 billion, an increase of 3.09% compared to the end of the previous year[17] - Customer deposit balance was CNY 8,679.90 billion, an increase of 1.50% compared to the end of the previous year[19] Non-Performing Loans - Non-performing loan balance was CNY 108.38 billion, an increase of 2.54% year-on-year, with a non-performing loan ratio of 1.32%[20] - The NPL for corporate loans was RMB 85,746 million with a ratio of 1.58%, while personal loans had an NPL of RMB 22,618 million and a ratio of 0.90%[23] - The bank's total non-performing loans stood at RMB 108,377 million, slightly up from RMB 105,688 million at the end of 2023[23] Cash Flow - The net cash flow from operating activities for Q1 2024 was RMB (125,760) million, a decrease of RMB 2,587.37 million compared to RMB 132,977 million in Q1 2023[6] - The net cash flow from operating activities was a loss of 150,319 million RMB, compared to a gain of 96,341 million RMB in the same period last year[35] - The total cash inflow from operating activities was 421,415 million RMB, down from 842,980 million RMB year-on-year[35] - The net cash flow from investment activities was a gain of 69,284 million RMB, recovering from a loss of 85,311 million RMB in the same period last year[36] Capital Adequacy - The capital adequacy ratio at the end of the reporting period was 16.09%, with a Tier 1 capital ratio of 12.40% and a core Tier 1 capital ratio of 10.44%, all meeting regulatory requirements[37] Operating Expenses - The bank's total operating expenses decreased to CNY 39,767 million in Q1 2024 from CNY 40,804 million in Q1 2023, a reduction of 2.5%[28] - The company maintained a cost-to-income ratio of 29.25%, a decrease of 0.58 percentage points year-on-year[15]