CZBANK(SH:601916)2024-04-29 09:23Financial Performance - Operating income for Q1 2024 was RMB 18,407 million, representing a year-on-year growth of 16.65%[4] - Net profit attributable to shareholders was RMB 5,913 million, up 5.12% from the previous year[4] - The bank's diluted earnings per share for Q1 2024 was RMB 0.22, a decrease of 12.00% from RMB 0.25 in Q1 2023[4] - The total comprehensive income for the group in Q1 2024 was RMB 6,295 million, compared to RMB 5,123 million in Q1 2023, representing a growth of 22.9%[29] - The net profit attributable to shareholders of the bank for Q1 2024 was RMB 5,913 million, compared to RMB 5,625 million in Q1 2023, indicating an increase of 5.1%[26] Asset and Liability Management - Total assets reached RMB 3,161,691 million, an increase of 0.57% compared to the end of 2023[4] - The total liabilities reached RMB 2,965,819 million, an increase of 0.39% compared to the end of 2023[4] - The total amount of loans and advances issued was RMB 1,726.37 billion, an increase of RMB 53.09 billion or 3.10% compared to the end of the previous year[13] - The total loans and advances amounted to RMB 1,769,460 million, reflecting a growth of 3.10% from the previous year[4] - As of March 31, 2024, total liabilities for the group reached RMB 2,965,819 million, an increase from RMB 2,954,302 million as of December 31, 2023, representing a growth of 0.04%[20] Income Composition - Non-interest income accounted for 35.80% of total operating income, an increase of 10.24 percentage points year-on-year[4] - The non-interest income reached RMB 65.89 billion, an increase of RMB 25.55 billion or 63.34% year-on-year, accounting for 35.80% of total revenue[13] - The net interest income was RMB 118.18 billion, a slight increase of RMB 0.72 billion or 0.61% year-on-year[13] - Net interest income for the group in Q1 2024 was RMB 11,818 million, compared to RMB 11,746 million in Q1 2023, reflecting an increase of 0.61%[24] Cash Flow Analysis - The net cash flow from operating activities was RMB (90,099) million, a significant decline of 136.97% compared to RMB (38,022) million in Q1 2023[4] - The cash inflow from financing activities was RMB 140,859 million, down from RMB 272,337 million in the first quarter of 2023[38] - The net cash inflow from operating activities for the group was RMB 74,930 million, a decrease from RMB 136,877 million in the same period of 2023[31] - The cash inflow from financing activities was RMB 140,859 million, down from RMB 272,337 million in the first quarter of 2023[38] - The total cash and cash equivalents at the end of the period was RMB 174,148 million, an increase from RMB 74,351 million in the same period of 2023[38] Capital Adequacy and Ratios - The core Tier 1 capital adequacy ratio stood at 8.60%, an increase from 8.22% at the end of 2023[6] - The capital adequacy ratio increased to 12.54%, up by 0.35 percentage points from the end of the previous year[13] - The liquidity coverage ratio was 147.07%, down from 166.61% at the end of 2023[8] Non-Performing Loans - The non-performing loan balance was RMB 25.32 billion, an increase of RMB 0.73 billion or 2.96% compared to the end of the previous year[13] - The non-performing loan ratio remained stable at 1.44%, unchanged from the end of the previous year[13] Equity and Shareholder Information - The bank's total equity as of March 31, 2024, was RMB 195,872 million, an increase from RMB 189,577 million as of December 31, 2023, reflecting a growth of 3.4%[22] - The bank's provision for credit losses was RMB 5,379 million in Q1 2024, compared to RMB 5,030 million in Q1 2023, reflecting an increase of 6.9%[26]