Financial Highlights

Financial Highlights

  • 2017-05-15 16:27

Operating Performance

Unit: RMB million
Item 2016 2015 Growth rate (%) 2014
Operating income 154,159 145,545 5.92 124,839
Profit before tax 54,608 54,986 (0.69) 54,574
Profit attributable to equity holders of the Bank 41,629 41,158 1.14 40,692
Net cash flow from/(used in) operating activities 218,811 (20,835) 34,150
Per share        
Basic earnings per share (RMB) 0.85 0.88 (3.41) 0.87
Diluted earnings per share (RMB) 0.85 0.88 (3.41) 0.87
Net cash flow from/(used in) operating activities per share (RMB) 4.47 (0.43) 0.73

 

 

 

For the year 2016
Item 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Operating income 40,624 37,758 37,224 38,553
Profit attributable to equity holders of the Bank 11,200 12,400 10,943 7,086
Net cash flow from/(used in) operating activities 53,508 (3,876) (78,874) 248,053

 

Profitability Indicators

Item 2016 2015 Increase/ (decrease) in percentage point 2014
Return on average assets (ROAA)(1) 0.76% 0.90% (0.14) 1.07%
Return on average equity (ROAE, excluding minority interest)(2) 11.95% 14.26% (2.31) 16.77%
Cost-to-income ratio (excluding tax and surcharges)(3) 27.75% 27.87% (0.12) 30.41%
Credit cost(4) 1.67% 1.51% 0.16 1.06%
Net interest spread(5) 1.89% 2.13% (0.24) 2.19%
Net interest margin(6) 2.00% 2.31% (0.31) 2.40%

 

Notes:           

(1)        Profit divided by the average of total assets at the beginning and end of the period.

(2)        Profit attributable to the equity holders of the Bank divided by the average of total equity attributable to the Bank’s equity holders at the beginning and end of the period.

(3)        Operating expense less tax and surcharges divided by operating income.

(4)        Current-year allowance for impairment losses on loans and advances to customers divided by average balance of loans and advances to customers.

(5)        Average yield on total interest-earning assets minus average cost rate of total interest-bearing liabilities.

(6)        Net interest income divided by average balance of total interest-earning assets.

Scale Indicators

Unit: RMB million

 

Item 31 December 2016 31 December 2015 Growth rate (%) 31 December 2014
Total assets 5,931,050 5,122,292 15.79 4,138,815
Total loans and advances to customers 2,877,927 2,528,780 13.81 2,187,908
 — Corporate loans 1,846,274 1,767,422 4.46 1,565,318
 — Discounted bills 75,047 92,745 (19.08) 68,043
 — Personal loans 956,606 668,613 43.07 554,547
Total liabilities 5,546,554 4,802,606 15.49 3,871,469
Total deposits from customers 3,639,290 3,182,775 14.34 2,849,574
 — Corporate demand deposits (Note) 1,691,065 1,194,486 41.57 969,511
 — Corporate time deposits 1,390,212 1,446,939 (3.92) 1,365,914
 — Personal demand deposits 232,960 178,917 30.21 147,658
 — Personal time deposits 325,053 362,433 (10.31) 366,491
Placements from banks and non-bank financial institutions 83,723 49,248 70.00 19,648
Total equity attributable to the equity holders of the Bank 379,224 317,740 19.35 259,677
Net asset per share attributable to the equity holders of the Bank (RMB) 7.75 6.49 19.35 5.55
Net asset per share attributable to the ordinary shareholders of the Bank (RMB) 7.04 6.49 8.47 5.55
 

 

Note:  Including demand deposits from corporate customers and outward remittance and remittance payables.

Asset Quality Indicators

Unit: RMB million

 

Item 31 December 2016 31 December 2015 Growth rate(%)/ increase (decrease) 31 December 2014
Performing loans(1) 2,829,347 2,492,730 13.50 2,159,454
Non-performing loans (NPLs)(2) 48,580 36,050 34.76 28,454
Allowance for impairment of loans 75,543 60,497 24.87 51,576
NPL ratio(3) 1.69% 1.43% 0.26 1.30%
Allowance coverage ratio(4) 155.50% 167.81% (12.31) 181.26%
The ratio of allowance for impairment of loans to total loans(5) 2.62% 2.39% 0.23 2.36%
 

 

Notes:           

(1)        Include pass and special mention loans.

(2)        Include substandard, doubtful and loss loans.

(3)        Balance of NPLs divided by total loans and advances to customers.

(4)        Balance of allowance for impairment of loans divided by balance of NPLs.

(5)        Balance of allowance for impairment of loans divided by total loans and advances to customers.

Other Main Regulatory Indicators

Item(1) Regulatory value 31 December 2016 31 December 2015 Increase (%)/ (decrease) 31 December 2014
Capital adequacy profile          
Core Tier-One capital adequacy ratio 7.50% 8.64% 9.12% (0.48) 8.93%
Tier-One capital adequacy ratio 8.50% 9.65% 9.17% 0.48 8.99%
Capital adequacy ratio 10.50% 11.98% 11.87% 0.11 12.33%
Leverage profile          
Leverage ratio 4% 5.47% 5.26% 0.21 5.19%
Liquidity risk profile          
Liquidity coverage ratio(2) 100% 91.12% 87.78% 3.34 111.64%
Liquidity ratio          
Including: Renminbi 25% 40.98% 42.48% (1.50) 52.59%
Foreign currencies 25% 63.37% 89.27% (25.90) 40.45%

 

Notes:             

(1)        The figures were calculated in accordance with the regulatory standards of the Chinese banking industry. Except for the liquidity coverage ratio, all other indicators were Group data.

(2)        As per the requirements of the Rules on Liquidity Risk Management of Commercial Banks (Provisional), the liquidity coverage ratio of commercial banks should reach 100% by the end of 2018 and shall, during the transition period, reach 60%, 70%, 80% and 90% at the end of 2014, the end of 2015, the end of 2016 and the end of 2017, respectively.

Differences between IFRS and PRC Accounting Standards

There is no difference between the 2016 year-end net assets and the profit for the reporting period calculated by the Group according to the PRC Accounting Standards and those calculated by the Group as per the International Financial Reporting Standards.