Industrial and Commercial Bank of China Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported net interest income was RMB 106,717,000 against RMB 98,816,000 a year ago. Net fee and commission income was RMB 34,185,000 against RMB 28,622,000 a year ago. Operating income was RMB 144,743,000 against RMB 130,065,000 a year ago. Operating profit was RMB 87,762,000 against RMB 79,214,000 a year ago. Profit before tax was RMB 88,338,000 against RMB 79,828,000 a year ago. Profit for the period attributable to equity holders of the parent company was RMB 68,743,000 or RMB 0.19 per diluted share against RMB 61,335,000 or RMB 0.17 diluted per shares a year ago. Net cash flows from operating activities were RMB 323,021,000 or RMB 0.92 per share against RMB 399,732,000 a year ago. Purchases of property and equipment and other assets was RMB 5,446,000 against RMB 1,008,000 a year ago. Return Annualised return on average total assets was 1.53%, representing an increase of 0.08% points as compared to the previous year. Annualised return on weighted average equity was 23.71%, representing an increase of 0.69% points as compared to the previous year. For the first quarter ended March 31, 2013, the company reported impairment losses on loans and advances to customers of RMB 12,434,000 against RMB 10,134,000 a year ago.

Industrial and Commercial Bank of China Limited, Q1 2013 Earnings Call, Apr 26, 2013

Industrial and Commercial Bank of China Limited announced that they will report Q1, 2013 results on Apr 26, 2013