Financial Performance - For the first quarter of 2024, the operating income was RMB 195,284 million, a decrease of 2.82% compared to RMB 200,948 million in the same period of 2023[4] - The net profit for the first quarter of 2024 was RMB 86,907 million, down 2.51% from RMB 89,147 million year-on-year[4] - The annualized weighted average return on equity for the first quarter of 2024 was 11.59%, a decline of 1.27 percentage points from 12.86% in the previous quarter[4] - Total comprehensive income for the three months ended March 31, 2024, was RMB 90,424 million, an increase from RMB 87,496 million in the same period of 2023, representing a growth of 2.1%[26] - Net profit attributable to shareholders for the same period was RMB 86,817 million, compared to RMB 88,743 million in 2023, indicating a decrease of 1.0%[26] - Basic and diluted earnings per share remained stable at RMB 0.35 for both periods[26] Cash Flow - The net cash flow from operating activities decreased significantly by 43.54%, from RMB 370,787 million to RMB 209,335 million, primarily due to a substantial reduction in net increase of deposits[5] - Net cash flow from operating activities for the three months ended March 31, 2024, was RMB 209,335 million, down from RMB 370,787 million in the same period of 2023, a decline of 43.4%[32] - Cash inflow from investment recoveries increased to RMB 523,583 million, up from RMB 280,397 million year-over-year, representing an increase of 86.7%[33] - Cash received from investment income rose to RMB 69,528 million, compared to RMB 55,436 million in the previous year, marking a growth of 25.5%[33] - Cash flow from financing activities generated a net inflow of RMB 38,576 million, up from RMB 19,322 million in the same period last year, reflecting a growth of 99.5%[33] Assets and Liabilities - Total assets as of March 31, 2024, reached RMB 39,729,281 million, reflecting a 3.66% increase from RMB 38,324,826 million at the end of 2023[4] - Total liabilities increased to RMB 36.47 trillion, rising by RMB 1.31 trillion or 3.74% compared to the previous year-end[17] - Total deposits absorbed reached RMB 29.37 trillion, an increase of RMB 1.71 trillion or 6.19% year-over-year[17] - The bank's total equity attributable to shareholders increased to RMB 3,242,148 million as of March 31, 2024, from RMB 3,150,145 million at the end of 2023, an increase of 2.9%[29] Loan and Deposit Growth - In Q1 2024, the total amount of loans and advances increased by CNY 1.17 trillion compared to the end of the previous year, with financial investments rising by CNY 247.15 billion[11] - The total deposits increased by CNY 1.71 trillion, providing strong support for stable growth of core assets[11] - Total loans and advances reached RMB 25.03 trillion, up RMB 1.17 trillion or 4.90% year-over-year[16] - The balance of green loans reached CNY 4.45 trillion, growing by 14.56% compared to the end of the previous year[12] - The balance of inclusive finance loans was CNY 3.28 trillion, an increase of CNY 234.90 billion from the end of the previous year, with 3.41 million inclusive finance loan customers added[13] Asset Quality - The non-performing loan ratio stood at 1.36%, a decrease of 0.01 percentage points from the end of the previous year, indicating stable asset quality[11] - Non-performing loans stood at RMB 339.33 billion, with a non-performing loan ratio of 1.36%, a decrease of 0.01 percentage points from the end of the previous year[16] - The bank reported a decrease in credit impairment losses to RMB 48,157 million for the three months ended March 31, 2024, compared to RMB 51,577 million in the same period of 2023, a reduction of 6.9%[31] Shareholder Information - As of March 31, 2024, the total number of ordinary shareholders was 306,551, with 38,449 holding H shares and 268,102 holding A shares[6] - The largest shareholder, Central Huijin Investment Ltd., held 57.03% of H shares and 0.11% of A shares as of March 31, 2024[7] Capital and Investments - The capital adequacy ratio as of March 31, 2024, was 19.34%, with a Tier 1 capital ratio of 15.04%[19] - In January 2024, the company completed the equity transfer of China Construction Bank (Brazil) Co., Ltd., holding 31.66% of its shares[21] - In February 2024, the company issued RMB 50 billion in secondary capital bonds[21] Digital and Customer Engagement - The number of registered users for the "Yunong Tong" app reached 15.13 million, an increase of 1.46 million from the end of the previous year[13] - The online personal user base reached 547 million, with 414 million asset-holding personal customers in the mobile banking app[14] - The bank actively supports the construction of affordable housing, becoming the first commercial bank to sign a cooperation agreement for providing personal housing loan services for affordable housing[14]
建设银行(00939) - 2024 Q1 - 季度业绩