Summary by Futu AI
The Industrial and Commercial Bank of China (the “Bank of Commerce” or the “Bank”) has published its first quarter financial report for 2024. The report showed that as of March 31, 2024, the operating income of the Commercial Bank and its subsidiaries was RMB2101.65 billion, down 3.80% from the same period last year; net profit attributable to the shareholders of the parent company was RMB876.53 billion, a decrease of 2.78%. Net cash flow generated by operating activities amounted to RMB13672.52 billion, an increase of 23.66% over the same period last year. Basic earnings per share were RMB 0.24, down 4.00% from the same period last year. The total assets of the Industrial and Commercial Bank reached RMB 47600,27 billion, an increase of 6.49% year-on-year. During the reporting period, the ILB's...Show More