China Construction Bank Corporation(601939) : the net profit attributable to the parent company in the first quarter was 88.741 billion yuan, with a year-on-year increase of 6.77%

On April 29, China Construction Bank Corporation(601939) announced the operating results for the first quarter of 2022 (the following data are calculated according to international financial reporting standards, which are the data of the group and the currency is RMB). In the first quarter, China Construction Bank Corporation(601939) realized a net profit of 87.818 billion yuan, of which 88.741 billion yuan was attributable to shareholders of the bank, an increase of 5.78% and 6.77% respectively over the same period of the previous year.

By the end of the first quarter, China Construction Bank Corporation(601939) assets totaled 32012252 billion yuan, an increase of 1758273 billion yuan or 5.81% over the end of the previous year; Total liabilities amounted to 29314072 million yuan, an increase of 1674215 billion yuan or 6.06% over the end of the previous year; The total amount of loans and advances issued was 19746977 million yuan, an increase of 939147 billion yuan or 4.99% over the end of the previous year; Deposits received were 23880522 billion yuan, an increase of 1501708 billion yuan or 6.71% over the end of the previous year. The annualized average return on assets is 1.13%, and the annualized weighted average return on net assets is 14.02%. Net interest income was 159491 billion yuan, an increase of 8.39% over the same period last year. The net interest margin was 1.96%, unchanged from the same period last year; The net interest rate of return was 2.15%, an increase of 0.02 percentage points over the same period of last year, which was mainly affected by the optimization of product structure. The net income from handling fees and commissions was 41.073 billion yuan, a slight decrease over the same period last year, mainly due to supporting the development of the real economy and continuing to take measures to reduce fees and transfer profits to customers, resulting in a year-on-year decrease in the income of some products; Financial product business, agency business, custody and other entrusted businesses still maintained steady development.

It is understood that China Construction Bank Corporation(601939) continues to focus on social pain points and difficulties, and steadily promotes the "three strategies". The housing leasing strategy continued to build ecological construction. By the end of March, the comprehensive service platform for Housing leasing had provided a sunny and transparent trading platform for 15600 enterprises and 39 million individual landlords and tenants; 189 "CCB Jianrong home" long-term rental communities have been opened and operated; More than 400 affordable rental housing construction projects have been connected in major cities across the country, and affordable rental housing app has been put into operation in more than 60 cities; Housing rental loans grew rapidly, with a loan balance of 162822 billion yuan at the end of March. The Inclusive Finance Strategy continued to expand customer service coverage, and the number of Inclusive Finance Credit and service customers maintained growth. The balance of inclusive finance loans was 2024156 billion yuan, an increase of 150473 billion yuan over the end of the previous year; There were 2.09 million inclusive financial loan customers, an increase of 153300 compared with the end of the previous year; The balance of agriculture related loans was 2668775 billion yuan, an increase of 202957 billion yuan over the end of the previous year. The fintech strategy continued to promote the construction of independent and controllable capacity, and focused on strengthening the construction of mobile banking, CCB life "Gemini" core app and "three middle platforms"; Accelerate the construction of new financial ecological scenes and effectively help the bank's digital operation. Unswervingly contribute to the construction of a manufacturing power. As of the end of March, the balance of manufacturing loans was 1.93 trillion yuan, an increase of 235.6 billion yuan over the beginning of the year, an increase of 13.94%, an increase of 180.5 billion yuan over the same period last year; The balance of medium and long-term loans in the manufacturing industry was 755.4 billion yuan, an increase of 83.6 billion yuan over the beginning of the year, an increase of 12.45%. By the end of March, the balance of infrastructure loans was 5.39 trillion yuan, an increase of 304.8 billion yuan over the beginning of the year, an increase of 6.00%; Among them, the balance of loans for new infrastructure construction was 104.5 billion yuan, serving 1147 new infrastructure customers. Focusing on the national carbon peak and carbon neutral strategic goal, the bank vigorously developed green finance business. The balance of green loans of the bank was 2.26 trillion yuan, an increase of 297222 billion yuan or 15.14% over the end of the previous year. Give full play to the group's comprehensive operation advantages of full license and support the development of real economy. The group's comprehensive financing grew well. As of the end of March, the balance was 25 trillion yuan, an increase of 1.1 trillion yuan, an increase of 4.6%.

In addition, in terms of risk prevention and control and asset quality, China Construction Bank Corporation(601939) hold the bottom line of no systemic risk, explore and practice new methods of risk management suitable for digital economy and new finance with systematic thinking and the concept of comprehensive initiative and intelligence, and build a modern risk control system led by science and technology. Continuously strengthen the control of credit risk, market risk, network technology and data and other new risks, and maintain stable asset quality. By the end of the first quarter of 2022, according to the five level classification of loans, China Construction Bank Corporation(601939) non-performing loans amounted to 276552 billion yuan, an increase of 10.481 billion yuan over the end of the previous year. The non-performing loan ratio was 1.40%, down 0.02 percentage points from the end of the previous year. The provision coverage rate was 246.36%, an increase of 6.40 percentage points over the end of the previous year. The capital adequacy ratio measured in accordance with the measures for capital management of commercial banks (for Trial Implementation) is 17.91%, the Tier-1 capital adequacy ratio is 14.21%, and the core Tier-1 capital adequacy ratio is 13.67%, all of which meet the regulatory requirements.

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