Financial Performance - The operating income for the first quarter of 2022 was RMB 205,857 million, representing a year-on-year increase of 5.84%[3] - The net profit attributable to shareholders of the parent company was RMB 70,750 million, reflecting a growth of 7.42% compared to the same period last year[3] - The group achieved a net profit of RMB 70.636 billion for the three months ending March 31, 2022, representing a year-on-year increase of 6.72%[13] - Operating revenue reached RMB 205.857 billion, an increase of 5.84% year-on-year, with net interest income growing by 7.75% to RMB 150.968 billion[13] - Basic earnings per share increased to RMB 0.20, up RMB 0.02 year-on-year[13] - The bank's net profit and shareholders' equity showed no discrepancies between the consolidated financial statements prepared under international financial reporting standards and those prepared under Chinese accounting standards[20] - For the three months ended March 31, 2022, the pre-tax profit from operating activities was RMB 85,812 million, an increase from RMB 80,830 million in the same period of 2021, representing a growth of 3.6%[34] Assets and Liabilities - The total assets at the end of the reporting period reached RMB 30,888,302 million, marking a 6.26% increase from the end of the previous year[4] - Total assets amounted to RMB 3,088.8302 billion, an increase of RMB 181.9147 billion or 6.26% compared to the end of the previous year[14] - Customer loans and advances totaled RMB 1,815.1723 billion, up RMB 97.665 billion or 5.69% from the end of the previous year[14] - Total liabilities increased by RMB 170.6277 billion to RMB 2,835.4073 billion, reflecting a growth of 6.40%[14] - The bank's total liabilities as of March 31, 2022, were RMB 28,354,073 million, an increase from RMB 26,647,796 million at the end of 2021, reflecting a growth of 6.4%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 470,995, with the top ten shareholders holding 40.03% of the shares[5] - The combined shareholding of Huijin Company and its subsidiary was 141,342,881,051 shares, accounting for 40.39% of the total shares[7] - The total number of shares held by the National Social Security Fund Council was 23,520,968,297, representing 6.72% of the total shares[5] Capital Adequacy and Ratios - As of March 31, 2022, the core tier 1 capital adequacy ratio was 11.36%, while the total capital adequacy ratio was 17.18%[23] - The average liquidity coverage ratio for the first quarter of 2022 was 125.6%, an increase of 4.5 percentage points from the previous quarter[26] - The leverage ratio as of March 31, 2022, was 7.67%, which is above the regulatory requirement[28] - The bank's risk-weighted assets amounted to RMB 18,482.48 billion as of March 31, 2022[23] Cash Flow and Investment Activities - The net cash flow from operating activities was RMB 367,281 million, showing a decrease of 4.05% year-on-year[3] - Cash flow from investment activities showed a net outflow of RMB 203,513 million, compared to a smaller outflow of RMB 19,182 million in the same period last year, reflecting a significant increase in investment expenditures[35] - The cash and cash equivalents balance as of March 31, 2022, was RMB 1,284,624 million, down from RMB 1,517,269 million at the end of the previous year, indicating a decrease of 15.3%[35] - The net cash flow from financing activities was RMB 50,000 million, a significant decrease from RMB 453,308 million in the same period last year, reflecting reduced capital raising activities[35] Loan and Deposit Information - As of March 31, 2022, the total amount of loans and advances to county customers reached RMB 6,656.52 billion, an increase of RMB 438.21 billion, representing a growth of 7.05% compared to the end of the previous year[17] - Total deposits absorbed in county areas amounted to RMB 10,130.47 billion, an increase of RMB 717.02 billion, reflecting a growth of 7.62% from the end of the previous year[17] Non-Performing Loans - The non-performing loan balance was RMB 254.449 billion, with a non-performing loan ratio of 1.41%, a decrease of 0.02 percentage points from the end of the previous year[16] - The non-performing loan ratio for county areas was 1.38%, a decrease of 0.04 percentage points from the end of the previous year; the provision coverage ratio increased by 5.87 percentage points to 337.97%[17] - The provision coverage ratio improved to 307.50%, an increase of 7.77 percentage points compared to the end of the previous year[16] Earnings and Income - The basic and diluted earnings per share were both RMB 0.20, an increase of 11.11% from the previous year[3] - The bank's net fee and commission income for the first quarter of 2022 was RMB 31,669 million, up from RMB 30,371 million in the same period last year, showing a growth of 4.3%[30] - The bank's investment income from associates and joint ventures increased to RMB 343 million in the first quarter of 2022, compared to RMB 210 million in the same period of 2021, reflecting a growth of 63.3%[30]
农业银行(01288) - 2022 Q1 - 季度财报