Summary by Moomoo AI
China Construction Bank Co., Ltd. (Construction Bank) released its first quarter report for 2024. The report showed that the bank's revenue in the first quarter of 2024 was RMB2009.28 billion, down 2.97% from the same period last year. Net profit was $869.07 million, down 2.51% year-on-year, and net profit attributable to the Bank's shareholders was $868.17 million, down 2.17%. Basic and diluted earnings per share remained unchanged at RMB0.35, with annualized weighted average net asset yield of 11.59%, down 1.27 percentage points from the same period last year. Total assets reached $39.73 trillion, an increase of 3.66% year-on-year. During the reporting period, Construction Bank did not distribute ordinary shares or preferred dividends. The financial statements for the quarter are unaudited. THE BOARD OF DIRECTORS AND ALL DIRECTORS WARRANT THAT THE CONTENT OF THE REPORT IS TRUE, ACCURATE, COMPLETE AND FREE OF FALSE ENTRIES, MISLEADING STATEMENTS OR MATERIAL OMISSIONS. The report was issued by the Board of Directors of Construction Bank on 29 April 2024.