Summary by Futu AI
Agricultural Bank of China Co., Ltd. (“Agricultural Bank”) issued its first quarter report for 2024 on 29 April 2024. The report showed that the bank's operating income in the first quarter of 2024 was RMB186,021 million, down 1.76% from the same period last year; net profit attributable to shareholders of the parent company was RMB70,386 million, down 1.63%. Basic earnings per share were $0.19, down 5.00% from the same period last year. Total assets reached RMB 42,157,279 million, up 5.73% year-on-year. During the reporting period, the Agricultural Bank's bad loan rate was 1.32%, down 0.01 percentage points from the end of the previous year. The financial statements for the quarter were unaudited. In addition, during the reporting period, the Agricultural Bank issued RMB400 billion of amortized non-fixed-term capital bonds...Show More