Summary by Futu AI
China Merchants Bank (03968) published its first quarter report 2024, unaudited financial data prepared according to international financial reporting criteria. The report shows that as of 31 March 2024, total assets amounted to $11,520,226 million, an increase of 4.46% year-on-year; attributable to the shareholders' equity of the Bank was $1,118,965 million, an increase of 3.96%. Basic earnings per share were $1.51, down 1.95% from the same period last year. Net operating income was $86,420 million, down 4.64% year-on-year; net profit was $38,077 million, down 1.96%. The annualized weighted average return on net assets attributable to ordinary shareholders of the Bank decreased by 2.35 percentage points. This report was reviewed by the Board of Directors and approved on 29 April 2024. China Merchants Bank stresses that the forward-looking statements in the report do not constitute a material commitment and investors should be aware of investment risks.