---
title: "Bank of China released its first quarter report: a profit of 86.8 billion yuan in the first quarter, a slight decrease year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/203104687.md"
description: "Annualized weighted ROE reaches 11.59%"
datetime: "2024-04-29T15:30:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/203104687.md)
  - [en](https://longbridge.com/en/news/203104687.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/203104687.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/203104687.md) | [繁體中文](https://longbridge.com/zh-HK/news/203104687.md)


# Bank of China released its first quarter report: a profit of 86.8 billion yuan in the first quarter, a slight decrease year-on-year

On the evening of April 29th, China Construction Bank disclosed its first-quarter report.

The quarterly report shows that as of March 31, 2024, the total assets of China Construction Bank were 39.73 trillion yuan, an increase of 3.66%. The total liabilities were 36.47 trillion yuan, an increase of 3.74%.

In the first quarter of 2024, China Construction Bank achieved operating income of 2009.28 billion yuan, a year-on-year decrease of 2.97%; net profit attributable to the bank's shareholders was 868.17 billion yuan, a decrease of 2.17% from the same period last year.

In the first quarter of 2024, China Construction Bank's annualized return on average assets was 0.89%, and the annualized weighted average return on net assets was 11.59%, maintaining a competitive level in the industry.

As of the end of the first quarter, China Construction Bank's capital adequacy ratio was 19.34%, Tier 1 capital adequacy ratio was 15.04%, and core Tier 1 capital adequacy ratio was 14.11%, continuously meeting regulatory requirements. The non-performing loan ratio was 1.36%, with a provision coverage ratio of 238.17%, and asset quality remained stable

### Related Stocks

- [CCB (00939.HK)](https://longbridge.com/en/quote/00939.HK.md)
- [CCB (601939.CN)](https://longbridge.com/en/quote/601939.CN.md)

## Related News & Research

- [A Look At China Construction Bank’s Valuation As 2025 Earnings And Dividend Payout Plan Are Announced](https://longbridge.com/en/news/280873380.md)
- [China Construction Bank (OTCMKTS:CICHY) Releases Earnings Results, Beats Expectations By $0.01 EPS](https://longbridge.com/en/news/280909324.md)
- [Nvidia Stock (NVDA) Braces for a Quick Snapback after a Rare Two-Quarter Losing Streak](https://longbridge.com/en/news/281360100.md)
- [BYD Mar NEV sales rebound to over 300,000 as overseas growth accelerates](https://longbridge.com/en/news/281361123.md)
- [Xpeng Mar deliveries rebound sequentially despite year-on-year decline](https://longbridge.com/en/news/281331957.md)