INDUSTRIAL BANK(601166)2025-04-29 14:58Financial Performance - The company's operating revenue for Q1 2025 was RMB 55,683 million, a decrease of 3.58% compared to RMB 57,751 million in Q1 2024[3] - Net interest income increased by 1.29% to RMB 37,722 million from RMB 37,242 million year-on-year[4] - Non-interest income decreased by 12.42% to RMB 17,961 million from RMB 20,509 million in the same period last year[4] - The net profit attributable to shareholders of the parent company was RMB 23,796 million, down 2.22% from RMB 24,336 million in Q1 2024[4] - The basic earnings per share for Q1 2025 was RMB 1.15, a decrease of 2.22% from RMB 1.17 in Q1 2024[4] - The company achieved operating income of RMB 55.68 billion, a year-on-year decrease of 3.58%, while net profit attributable to shareholders was RMB 23.80 billion, down 2.22%[22] - The bank's investment income for the three months ended March 31, 2025, was RMB 10,663 million, down from RMB 13,741 million in the same period of 2024, a decline of 22.5%[43] - The bank's net profit for the three months ended March 31, 2025, was RMB 23,938 million, a decrease of 1.4% compared to RMB 24,289 million in the same period of 2024[45] Asset and Liability Management - Total assets as of March 31, 2025, reached RMB 10,631,299 million, reflecting a growth of 1.17% from RMB 10,507,898 million at the end of 2024[6] - Total loans amounted to RMB 5,815,387 million, an increase of 1.37% from RMB 5,736,610 million at the end of 2024[6] - The total liabilities of the group as of March 31, 2025, are RMB 9,715,600 million, compared to RMB 9,614,287 million as of December 31, 2024[39] - The total cash inflow from investment activities was RMB 997,361 million, an increase from RMB 920,371 million year-over-year[51] Asset Quality - The non-performing loan ratio rose to 1.08%, up from 1.07% at the end of 2024, indicating a slight increase in asset quality concerns[9] - The non-performing loan balance was RMB 62.83 billion, with a non-performing loan ratio of 1.08%, an increase of 0.01 percentage points from the previous year[23] - The company maintained a provision coverage ratio of 233.42%, ensuring adequate risk mitigation[23] - The bank's credit impairment losses decreased to RMB 14,227 million from RMB 16,050 million year-on-year, showing a reduction of 11.4%[43] Capital and Equity - The capital adequacy ratio stood at 13.97%, down from 14.28% at the end of 2024, reflecting a decrease in capital strength[13] - The total equity attributable to shareholders of the parent company rose to RMB 903,871 million, compared to RMB 881,908 million at the end of 2024, reflecting a growth of 2.3%[41] Operational Efficiency - The cost-to-income ratio increased to 24.22%, up 0.57 percentage points from 23.65% in the previous year, indicating rising operational costs[4] - The liquidity coverage ratio stood at 145.76%, indicating strong liquidity management[18] Customer and Market Engagement - The number of corporate clients reached 1.5648 million, an increase of 1.91% from the previous year[25] - The customer loan balance was RMB 5,815.39 billion, growing by 1.37% year-on-year, with green loans and technology loans increasing by 9.37% and 9.90% respectively[21] Cash Flow Management - The net cash flow from operating activities for the group was negative at RMB 59,413 million for the three months ended March 31, 2025, compared to a positive RMB 12,252 million in the same period of 2024[49] - The net cash flow from financing activities was negative at RMB 63,933 million, compared to a positive RMB 46,479 million in the same period of 2024[51] - The cash and cash equivalents at the end of the period decreased to RMB 362,242 million from RMB 717,670 million year-over-year[53] ESG and Sustainability - The company is actively enhancing its ESG management framework, aligning with international standards and improving sustainability disclosures[26]