Summary by Moomoo AI
Bank of China Limited (the “Bank”) has published its unaudited financial report for the first quarter of 2024. The report shows that as of 31 March 2024, the operating income of the Bank and its subsidiaries (the “Group”) was RMB1610.38 billion, down 3.12% from the same period in the previous year; profit after tax was RMB599.73 billion, down 2.84%; and after-tax profit of RMB559.89 billion, down 2.90%. Net cash flow generated by operating activities decreased by 99.34% to $3.24 billion. Basic and diluted earnings per share were $0.18, down 3.01%. Weighted average return on net assets was 9.86%, down 1.28 percentage points. Total assets amounted to $33659.05 billion, an increase of 3.78% year-on-year. The total shareholders' equity of the Bank is $2653.49 million, an increase of 0.91% compared to the end of the previous year. During...Show More