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The financial information is prepared on a consolidated basis in accordance with the IFRS, and expressed in RMB unless otherwise stated.

(Expressed in millions of RMB unless otherwise stated)

2018

2017

Change

 

For the year

 

Change(%)

Operating income

633,772

594,031

6.69

Profit before tax

308,160

299,787

2.79

Net profit

255,626

243,615

4.93

Net profit attributable to equity shareholders of the Bank

254,655

242,264

5.11

 

As at 31 December

 

Change(%)

Total assets

23,222,693

22,124,383

4.96

Total liabilities

21,231,099

20,328,556

4.44

Total equity attributable to equity shareholders of the Bank

1,976,463

1,779,760

11.05

Share capital

250,011

250,011

-

 

Per share(in RMB)

 

Change(%)

Basic and diluted earnings per share

1.00

0.96

4.17

Final cash dividend proposed after the reporting period

0.306

0.291

5.15

Net assets per share

7.65

6.86

11.52

 

Financial ratios (%)

 

Change+/(-)

Profitability indicators

 

 

Return on average assets1

1.13

1.13

-

Return on average equity

14.04

14.80

(0.76)

Net interest spread

2.18

2.10

0.08

Net interest margin

2.31

2.21

0.10

Net fee and commission income to operating income

19.41

19.83

(0.42)

Cost-to-income ratio2

26.61

27.15

(0.54)

 

Capital adequacy indicators

 

 

Common Equity Tier 1 ratio3

13.83

13.09

0.74

Total capital ratio3

17.19

15.50

1.69

Total equity to total assets

8.58

8.12

0.46

 

Asset quality indicators

 

 

Non-performing loan(NPL) ratio

1.46

1.49

(0.03)

Allowances to NPLs

208.37

171.08

37.29

Allowances to total loans

3.04

2.55

0.49

1.Calculated by dividing net profit by the average of total assets at the beginning and end of the year.

2.Operating expenses (after deduction of taxes and surcharges) divided by operating income.

3.Calculated in accordance with the relevant regulations of the Capital Rules for Commercial Banks (Provisional). The advanced capital measurement approaches have been adopted to calculate capital adequacy ratios, and the regulations during the transition period have been applicable to the calculation of ratios since the second quarter of 2014.