Financial Performance - The operating income for Q1 2023 reached RMB 166,217 million, representing an increase of 11.82% compared to the same period last year[2] - The net profit after tax was RMB 61,725 million, showing a growth of 2.53% year-on-year[2] - In Q1 2023, the group achieved a net profit of RMB 61.725 billion, representing a year-on-year increase of 2.53%[11] - The group reported a net interest income of RMB 117.334 billion, an increase of 7.01% year-on-year[12] - Non-interest income reached RMB 48.883 billion, up 25.35% year-on-year, accounting for 29.41% of total operating income[12] - The company reported a pre-tax profit of RMB 79,281 million for the first quarter of 2023, compared to RMB 73,682 million in the same period of 2022, representing a growth of about 7.2%[20] Cash Flow and Liquidity - The net cash flow from operating activities was RMB 488,759 million, a significant improvement from a net outflow of RMB 32,489.3 million in the same period last year[4] - Cash flow from operating activities showed a net inflow of RMB 488,759 million for the first quarter of 2023, a substantial improvement compared to a net outflow of RMB 324,893 million in the same period last year[20] - The net cash flow from investing activities showed a net outflow of RMB 177,221 million, contrasting with a net inflow of RMB 45,749 million in the same period last year[21] - The net cash outflow for Q1 2023 was RMB 3,535,496 million, supporting the liquidity coverage ratio of 135.17%[30] Assets and Liabilities - The total assets as of March 31, 2023, amounted to RMB 30,385,693 million, reflecting a 5.16% increase from the end of 2022[2] - The total assets of the group amounted to RMB 30,385.693 billion, a growth of 5.16% compared to the end of the previous year[13] - Total liabilities rose to RMB 27,768,069 million, compared to RMB 26,330,247 million at the end of 2022, indicating an increase of approximately 5.5%[19] - Customer loans and advances net amount reached RMB 18,139,672 million, an increase from RMB 17,116,005 million, reflecting a growth of about 5.9% year-over-year[18] Shareholder Information - As of March 31, 2023, the total number of ordinary shareholders was 642,802, including 471,901 A-share shareholders and 170,901 H-share shareholders[6] - The largest shareholder, Central Huijin Investment Ltd., held 64.02% of the ordinary shares[7] - The total number of preferred shareholders was 71, with the largest holding 16.70% of the preferred shares[9] Capital Adequacy and Ratios - The group’s core Tier 1 capital adequacy ratio stood at 11.63%[11] - The tier 1 capital ratio decreased to 13.79% in Q1 2023 from 14.11% in Q4 2022[24] - The total capital adequacy ratio remained stable at 17.53% as of March 31, 2023, compared to 17.52% at the end of 2022[24] - The leverage ratio for Q1 2023 was reported at 7.46%, down from 7.65% in Q4 2022[25] Equity and Dividends - The total equity attributable to shareholders was RMB 2,476,898 million, up by 2.18% from the end of the previous year[2] - The company’s total equity increased to RMB 2,617,624 million as of March 31, 2023, compared to RMB 2,563,301 million at the end of 2022, reflecting a growth of approximately 2.1%[19] - The total amount of dividends distributed for the second phase of overseas preferred shares was approximately USD 101.5 million, with a dividend yield of 3.60%[14] Customer Deposits and Loans - Customer deposits totaled RMB 21,918.116 billion, increasing by 8.50% from the end of the previous year[13] - Customer deposits increased significantly to RMB 21,918,116 million, up from RMB 20,201,825 million, marking a growth of around 8.5%[19] - The bank's retail deposits and small enterprise customer deposits amounted to RMB 10,257,702 million, with stable deposits contributing significantly[29] Operating Expenses - The group’s operating expenses increased by 18.24% year-on-year, totaling RMB 53.647 billion[12] Financial Investments - The group’s financial investments reached RMB 6,570.550 billion, reflecting a growth of 2.10% compared to the end of the previous year[13] - Financial investment interest income for the first quarter of 2023 was RMB 40,543 million, an increase from RMB 34,890 million in the same quarter of 2022, indicating a growth of approximately 16.5%[21] Non-Performing Loans - The non-performing loan ratio improved to 1.18%, a decrease of 0.14 percentage points from the end of the previous year[12]
中国银行(03988) - 2023 Q1 - 季度业绩