Financial Performance - The operating income for the first quarter of 2023 was RMB 200,948 million, a 0.90% increase from RMB 199,163 million in the same period of 2022[4]. - Net profit for the first quarter of 2023 reached RMB 89,147 million, reflecting a 2.03% increase compared to RMB 87,370 million in the first quarter of 2022[4]. - The net profit attributable to shareholders was RMB 88,743 million, a slight increase of 0.26% from RMB 88,513 million year-on-year[4]. - The annualized weighted average return on equity decreased to 12.86%, down 1.13 percentage points from 13.99% in the same period last year[4]. - The net profit for the three months ended March 31, 2023, was CNY 89.147 billion, representing a year-on-year increase of 2.03%[19]. - The pre-tax profit for the three months ended March 31, 2023, was RMB 104,705 million, slightly up from RMB 103,491 million in the previous year, reflecting a growth of 1.2%[28]. Assets and Liabilities - Total assets as of March 31, 2023, amounted to RMB 36,941,947 million, representing a 6.77% increase from RMB 34,600,711 million at the end of 2022[4]. - As of March 31, 2023, total liabilities amounted to RMB 33,978,267 million, an increase from RMB 31,724,467 million as of December 31, 2022, representing a growth of approximately 7.1%[24]. - The total equity attributable to shareholders reached RMB 2,942,274 million, up from RMB 2,855,450 million, indicating an increase of about 3.1%[25]. - The total risk-weighted assets amounted to RMB 21,162,903 million as of March 31, 2023, compared to RMB 19,767,834 million at the end of 2022, reflecting an increase of 7.1%[33]. Cash Flow - The net cash flow from operating activities was RMB 370,787 million, a decrease of 22.74% from RMB 479,940 million in the first quarter of 2022[4]. - The net cash flow from operating activities for the three months ended March 31, 2023, was RMB 370,787 million, a decrease of 22.7% compared to RMB 479,940 million for the same period in 2022[29]. - The bank's net cash flow from financing activities for the three months ended March 31, 2023, was RMB 19,322 million, compared to RMB 9,767 million in the same period last year, reflecting an increase of 97.5%[29]. Loans and Advances - The total amount of loans and advances issued was RMB 22.53 trillion, up RMB 1.33 trillion or 6.28% year-on-year[12]. - The net increase in loans and advances for the three months ended March 31, 2023, was RMB 1,340,907 million, compared to RMB 944,118 million for the same period in 2022, showing a significant increase of 42%[28]. - The balance of inclusive finance loans was RMB 2.67 trillion, an increase of RMB 322.05 billion or 13.73% from the end of the previous year, with 2.79 million customers, an increase of 260,900 customers[10]. - The balance of housing rental loans was RMB 289.86 billion, an increase of RMB 47.66 billion from the end of the previous year[10]. - The balance of agricultural loans was RMB 3.42 trillion, an increase of RMB 416.17 billion or 13.83% year-on-year[10]. Deposits - The total deposits reached RMB 27.48 trillion, an increase of RMB 2.46 trillion or 9.82% from the end of the previous year[14]. - The total amount of deposits reached RMB 27,476,786 million, an increase from RMB 25,020,807 million, representing a growth of approximately 9.8%[24]. Shareholder Information - The total number of ordinary shareholders as of March 31, 2023, was 351,054, with 311,927 being A-share shareholders and 39,127 being H-share shareholders[5]. - The top 10 ordinary shareholders held a significant portion of shares, with the largest shareholder holding 57.03% of H-shares[6]. - The total number of preferred shareholders was 25, all of whom were domestic[7]. - The largest preferred shareholder held 90,000,000 shares, accounting for 15.00% of the total preferred shares[8]. Regulatory Ratios - As of March 31, 2023, the capital adequacy ratio was 17.88%, with a Tier 1 capital ratio of 13.86% and a core Tier 1 capital ratio of 13.19%, all meeting regulatory requirements[16]. - The core tier 1 capital adequacy ratio stood at 13.19% as of March 31, 2023, down from 13.69% at the end of 2022, showing a decrease of 0.5 percentage points[33]. - The leverage ratio was reported at 7.57% as of March 31, 2023, which exceeds the regulatory requirement of 4%[35]. - The liquidity coverage ratio for the first quarter of 2023 was 142.09%, a decrease of 6.87 percentage points compared to the fourth quarter of 2022[37]. Income and Expenses - Net interest income decreased by 4.10% year-on-year to CNY 153.082 billion, with a net interest margin of 1.83%[19]. - Net fee and commission income increased by 2.62% year-on-year to CNY 43.017 billion, driven by business expansion and increased market demand[19]. - Operating expenses rose by 14.29% year-on-year to CNY 45.077 billion, leading to a cost-to-income ratio of 21.66%[19]. - Impairment losses decreased by CNY 2.83 billion year-on-year to CNY 51.577 billion, with credit impairment losses at CNY 51.577 billion[19]. - The effective income tax rate was 14.86%, with income tax expenses decreasing by CNY 5.63 billion year-on-year to CNY 15.558 billion[19]. Other Financial Metrics - The bank's interest income from investment securities was RMB 68,919 million for the three months ended March 31, 2023, compared to RMB 53,964 million in the same period last year, marking an increase of 27.7%[28]. - The bank's other comprehensive income decreased to RMB 15,484 million from RMB 17,403 million, a decline of about 10.5%[25]. - The net cash and cash equivalents increased to RMB 1,264,228 million, compared to RMB 1,057,116 million as of March 31, 2022, reflecting a year-over-year increase of 19.6%[30]. - Interest payments, excluding interest on issued bonds, increased to RMB 149,899 million for the three months ended March 31, 2023, compared to RMB 92,100 million in the same period of 2022, marking a significant rise of 62.5%[30]. - The total qualified liquid assets were RMB 5,159,838 million, supporting the liquidity coverage ratio[38].
建设银行(00939) - 2023 Q1 - 季度业绩