证券代码：601998 证券简称：中信银行 公告编号：临2024-063 中信银行股份有限公司 1 会议召开时间：2024年11月12日（星期二）下午15:00-16:00。 会议召开方式：本次会议通过网络互动方式召开，投资者可以通过"上海证券 交易所上证路演中心"平台（网址：http://roadshow.sseinfo.com/）与本行互动。 投资者可以于2024年11月8日（星期五）下午17:00前，将相关问题通过电子邮 件形式发送至本行投资者关系邮箱（ir@citicbank.com），本行将在会上就投资 者普遍关注的问题进行交流。 关于召开 2024 年第三季度业绩说明会的公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 中信银行股份有限公司（以下简称"本行"）已于2024年10月31日在上海证券交 易所网站（www.sse.com.cn）和本行网站（www.citicbank.com）披露本行2024年第三季 度报告，为便于广大投资者更全面深入了解本行2024年第三季度业绩和经营情况，本 行拟于2 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中信銀行股份有限公司(「本行」) 呈交日期: 2024年11月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00998 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 14,882,162,977 | RMB | | 1 RMB | | 14,882,162,977 | | 增加 / 減少 (-) | | | | 0 | | RMB | | 0 | | 本月底結存 | | | 14,882,162,977 | RMB | | 1 RMB | | 14,882,162,977 | | 2. ...

Investment Rating - The report maintains a rating of "Accumulate" for CITIC Bank (601998.SH) with a current price of 6.52 CNY [2]. Core Insights - CITIC Bank's Q3 2024 report shows a year-on-year revenue growth of 3.8% to 162.2 billion CNY and a net profit growth of 0.8% to 51.8 billion CNY, with an annualized weighted average return on equity of 10.14%, down 1.16 percentage points year-on-year [3][4]. Summary by Sections Revenue Performance - Revenue growth improved by 1.1 percentage points quarter-on-quarter, with net interest income increasing by 0.7% year-on-year and non-interest income growing by 11.2% [4][8]. - The main contributors to revenue growth were scale expansion and non-interest income, which contributed 8.2 and 9.7 percentage points respectively [4]. Asset Quality - The non-performing loan ratio decreased by 2 basis points to 1.17% as of Q3 2024, with a provision coverage ratio of 216%, up 9.2 percentage points from the previous quarter [8][14]. - The bank's risk-weighted asset growth rate was 4.7%, with capital adequacy ratios showing a stable increase [15][18]. Profitability and Valuation - The net interest margin improved by 2 basis points to 1.79%, benefiting from a reduction in funding costs [7][16]. - The bank's current A/H share dividend yield is 5%/7.4%, indicating strong dividend characteristics and valuation appeal [8][19]. - EPS forecasts for 2024-2026 are maintained at 1.29, 1.34, and 1.39 CNY, with corresponding PB valuations of 0.51, 0.47, and 0.44 times [8][18].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company's revenue growth has shown a marginal recovery, and the net interest margin continues to improve. For the first three quarters of 2024, the company achieved revenue of 162.2 billion yuan, a year-on-year increase of 3.83%. The net interest margin for the first three quarters was 1.79%, up 2 basis points from the first half of the year, primarily due to cost savings from the "manual interest supplement" ban [4][6]. Financial Summary and Valuation Metrics - The company's total assets as of Q3 2024 reached 9.26 trillion yuan, a year-on-year growth of 3.78%. Loan growth was 3.05%, slightly down from the end of the first half of the year. The deposit balance was 5.61 trillion yuan, with a year-on-year growth of 2.80%, reversing the negative growth trend of the previous two quarters [5]. - The non-performing loan ratio decreased by 2 basis points to 1.17%, remaining at a historical low. The non-performing loan balance was 65.98 billion yuan, down 1.23% year-on-year. The provision coverage ratio increased to 216.00%, significantly enhancing the provision buffer [6]. - The forecast for the company's net profit attributable to shareholders for 2024-2026 is 67.98 billion yuan, 71.56 billion yuan, and 77.05 billion yuan, representing year-on-year growth of 1.5%, 5.3%, and 7.7% respectively. The current stock price corresponds to a price-to-book ratio of 0.5, 0.4, and 0.4 for 2024-2026 [4][7]. Key Financial Indicators - The company's revenue for 2024 is projected to be 209.775 billion yuan, with a year-on-year growth of 1.9%. The net profit for 2024 is expected to be 67.988 billion yuan, reflecting a year-on-year increase of 1.5% [7][20]. - The return on equity (ROE) is projected to be 10.4% for 2024, with earnings per share (EPS) expected to be 1.22 yuan [7][20].

Investment Rating - Investment rating is maintained as "Buy" for the company [1][4][6] Core Views - The company has shown a recovery in revenue growth with a year-on-year increase of 3.83% in the first three quarters of 2024, reaching a total revenue of 162.2 billion yuan [4][5] - The net interest margin has improved, reaching 1.79% in the first three quarters, up by 2 basis points from the first half of the year, primarily due to cost savings from the "manual interest supplement" ban [4][5] - The net profit attributable to shareholders for the first three quarters is 51.8 billion yuan, reflecting a year-on-year growth of 0.76% [4][5] Financial Performance Summary - Revenue for 2024 is projected at 209.8 billion yuan, with a slight increase of 1.9% year-on-year [6] - Net profit for 2024 is estimated at 67.99 billion yuan, representing a year-on-year growth of 1.5% [6] - The company’s total assets as of Q3 2024 are 9.26 trillion yuan, with a year-on-year growth of 3.78% [5][6] - The loan balance at the end of Q3 2024 is 5.61 trillion yuan, with a year-on-year growth of 2.80%, reversing the negative growth trend of the previous two quarters [5] Asset Quality and Capital Adequacy - The non-performing loan ratio has decreased to 1.17%, down by 2 basis points, indicating improved asset quality [5] - The provision coverage ratio has increased to 216%, enhancing the safety cushion for potential loan losses [5] - Capital adequacy ratios have improved, with core, tier one, and total capital adequacy ratios at 9.50%, 11.61%, and 13.78% respectively [5]

证券代码：601998 证券简称：中信银行 公告编号：临2024-062 中信银行股份有限公司 1 中信银行股份有限公司（以下简称"本行"）向原 A 股股东配售股份事项于 2023 年 3 月 3 日收到上海证券交易所（以下简称"上交所"）出具的《关于受理 中信银行股份有限公司沪市主板上市公司发行证券申请的通知》（上证上审（再 融资）〔2023〕67 号），于 2023 年 3 月 24 日收到上交所出具的《关于中信银行 股份有限公司向原 A 股股东配售股份申请文件的审核问询函》（上证上审（再融 资）〔2023〕145 号）。 本行于近日收到上交所通知，因《上海证券交易所股票发行上市审核规则》 第六十条情形（二），本行需要更换向原 A 股股东配售股份申报的会计师普华永 道中天会计师事务所（特殊普通合伙），根据《上海证券交易所上市公司证券发 行上市审核规则》第十九条的相关规定，上交所中止本行本次向原 A 股股东配 售股份的发行上市审核程序。本行将积极采取相关措施，完成更换，尽快向上交 所申请恢复对本次向原 A 股股东配售股份的审核。 本行本次向原 A 股股东配售股份事项尚需通过上交所审核，并获得中国证 监会做出 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [3][6]. Core Views - The company has maintained positive growth in revenue and profit, with a year-on-year revenue of 162.21 billion yuan, reflecting a growth of 3.83%. The net profit attributable to shareholders reached 51.83 billion yuan, with a year-on-year increase of 0.76% [1]. - The net interest margin has shown continuous improvement, with an average net interest margin of 1.79% for the first three quarters, only down by 3 basis points year-on-year, and has improved by 2 basis points since the half-year report [1]. - The asset quality remains stable, with a non-performing loan ratio of 1.17% as of the end of September, slightly down from the previous period, while the attention ratio increased to 1.69% [1]. Financial Forecast and Valuation - The company is expected to achieve net profits of 67.84 billion yuan, 71.56 billion yuan, and 75.56 billion yuan for the years 2024, 2025, and 2026, respectively, with corresponding year-on-year growth rates of 1.2%, 5.5%, and 5.6% [2][4]. - The diluted EPS is projected to be 1.39 yuan, 1.46 yuan, and 1.54 yuan for the years 2024, 2025, and 2026, respectively [2][4]. - The current stock price corresponds to a PE ratio of 5.2, 5.0, and 4.7 for the years 2024, 2025, and 2026, and a PB ratio of 0.54, 0.50, and 0.47 for the same years [2][4].

Core Viewpoint - The low-altitude economy in Shenzhen is experiencing rapid development and has significant potential, with financial institutions like CITIC Bank aiming to support this growth through comprehensive financial services [1][2]. Group 1: Event Overview - CITIC Bank Shenzhen Branch successfully held a low-altitude economy development forum on October 23, attended by representatives from various sectors including the Shenzhen Municipal Bureau of Industry and Information Technology and CITIC Securities [1]. - The forum featured speeches from key figures, including CITIC Bank Shenzhen Branch's Assistant President Zhao Lan, who emphasized the strong innovation attributes of companies in the low-altitude economy sector [1]. Group 2: Financial Services and Support - CITIC Bank Shenzhen Branch plans to leverage CITIC Group's full financial license and industry coverage to provide comprehensive financial services throughout the lifecycle of technology companies in the low-altitude economy [1]. - The presentation by CITIC Bank's Corporate Finance Department highlighted the collaborative service system and case studies that demonstrate support for high-quality development in the low-altitude economy [1]. Group 3: Future Directions - CITIC Bank Shenzhen Branch aims to implement national strategic deployments and focus on the "20+8" industrial clusters in Shenzhen to contribute to the healthy development of the low-altitude economy [2].

Financial Performance - Net profit attributable to shareholders for the first three quarters of 2024 was RMB 51.83 billion, a year-on-year increase of 0.76%[9] - Operating income for the first three quarters of 2024 was RMB 161.82 billion, up 3.77% year-on-year[9] - The annualized return on average total assets was 0.72%, up 0.02 percentage points[6] - The annualized return on average equity was 8.99%, down 0.52 percentage points[6] - Net interest income for Q3 2024 was RMB 37,363 million, up from RMB 36,033 million in Q3 2023, representing a growth of 3.7%[48] - Total operating income for the first nine months of 2024 reached RMB 161,820 million, compared to RMB 155,947 million in the same period of 2023, an increase of 3.5%[48] - The bank's pre-tax profit for Q3 2024 was RMB 18,754 million, a 5.8% increase from RMB 16,776 million in Q3 2023[48] - The bank's net profit attributable to shareholders for the first nine months of 2024 was RMB 51,826 million, slightly up from RMB 51,433 million in the same period of 2023[48] - For the nine months ended September 30, 2024, pre-tax profit increased to RMB 62,505 million, up from RMB 59,143 million in the same period of 2023, representing a growth of 4.0%[54] Asset and Liability Management - As of September 30, 2024, total assets reached RMB 9,259.25 billion, an increase of 2.28% compared to the end of 2023[5] - The total amount of loans and advances was RMB 5,631.81 billion, reflecting a growth of 2.43% from the end of 2023[5] - Customer deposits totaled RMB 56,093.20 billion, an increase of 3.91% from the end of 2023[10] - The bank's total liabilities increased to RMB 8,429,295 million as of September 30, 2024, compared to RMB 8,317,809 million at the end of 2023, marking a rise of 1.3%[51] - The total risk-weighted assets amount to RMB 7,034,180 million as of September 30, 2024[32] Loan and Deposit Growth - The balance of corporate loans (excluding discounts) was RMB 29,213.71 billion, an increase of 8.31% from the end of 2023[10] - The balance of personal loans (excluding credit cards) was RMB 18,398.23 billion, reflecting a growth of 4.38%[10] - The bank's personal housing mortgage loan balance was CNY 1,004.868 billion, an increase of 3.47% compared to the end of the previous year; personal inclusive loan balance reached CNY 407.567 billion, growing by 7.13%[11] - The bank's inclusive small and micro enterprise loan balance was CNY 588.225 billion, an increase of CNY 43.149 billion, with the number of clients with loan balances reaching 305,000, an increase of 21,400 clients[14] - The bank's loan balances for the manufacturing sector, strategic emerging industries, and private economy reached CNY 287.485 billion, CNY 586.266 billion, and CNY 1,322.979 billion, representing year-on-year growth of 11.18%, 10.23%, and 6.17% respectively[11] Risk Management and Asset Quality - Non-performing loan balance stood at CNY 65.981 billion, with a non-performing loan ratio of 1.17%, a slight decrease of 0.01 percentage points from the end of the previous year[29] - The provision coverage ratio increased to 216.00%, up 8.41 percentage points from the end of the previous year, while the loan provision rate rose to 2.53%[29] - The bank is committed to enhancing risk management and has implemented a comprehensive risk management system to ensure asset quality stability[26] - The bank reported a decrease in credit impairment losses to RMB 51,343 million from RMB 52,327 million, indicating improved asset quality[54] Capital Adequacy and Liquidity - The core Tier 1 capital adequacy ratio is 9.50%, while the Tier 1 capital adequacy ratio is 11.61%, and the total capital adequacy ratio is 13.78% as of September 30, 2024[32] - The leverage ratio stands at 7.35%, exceeding the regulatory requirement of 4.25%[33] - The liquidity coverage ratio is 142.51%, significantly above the minimum requirement of 100%[34] - The net amount of core Tier 1 capital is RMB 668,308 million, and the net amount of Tier 1 capital is RMB 816,681 million as of September 30, 2024[32] Customer Engagement and Digital Transformation - The bank served 7,968 national-level "specialized, refined, distinctive, and innovative" enterprises, an increase of 1,338 enterprises from the end of the previous year[12] - The bank implemented over 2,600 multi-channel deployment strategies to provide tailored services to customers[16] - The bank's operational efficiency for account opening improved by 50% compared to the beginning of the year, with data entry accuracy increasing from 60% to 90%[16] - The bank launched the "Smart Online Banking 5.0" platform, achieving significant breakthroughs in service processes and user experience[20] - The bank's digital transformation efforts included the development of over 25,000 basic data standards and the establishment of a comprehensive data asset map[22] Wealth Management and Public Services - The total scale of wealth management products reached CNY 2.01 trillion, growing by 16.24% compared to the end of the previous year[25] - The bank's public wealth scale reached CNY 227.43 billion, marking a significant increase of 25.24% from the previous year[23] - The number of public customers increased to 1.2381 million, up by 8.05% from the end of the previous year[23] - The bank's pension account users reached 4.6629 million, while personal pension account users totaled 1.2853 million[15] Financing Activities - The bank provided discount financing services totaling CNY 1.201 trillion to 16,331 enterprises, with 71.75% of clients being small and micro enterprises, and a 10.64% increase in bill rediscounting year-on-year[25] - The bank's export credit financing balance grew by 13.01% year-to-date, with ASEAN countries becoming a new growth point for project investments[21] - The bank's debt financing tool underwriting scale and number of projects ranked first in the market during the reporting period[23] - The issuance of debt securities generated cash inflow of RMB 1,212,046 million, compared to RMB 829,703 million in the previous year, reflecting increased financing activities[55] Shareholder Information - The total number of ordinary shareholders is 132,869, with A-share shareholders numbering 106,837 and H-share shareholders at 26,032[36] - The largest shareholder, CITIC Financial Holdings Limited, holds 66.81% of the shares, totaling 35,732,894,412 shares[36] - The total number of preferred shareholders is 41 as of the report date[43] - The report indicates no participation in margin financing or securities lending by the listed shareholders, except for Hong Kong Central Clearing Limited[40]

Financial Performance - The net profit attributable to shareholders for Q3 2024 was RMB 16,336 million, reflecting a year-on-year increase of 6.31%[5] - For the first nine months of 2024, the bank achieved a net profit of RMB 51,826 million, a growth of 0.76% year-on-year[9] - The total operating income for the group in the first nine months of 2024 was RMB 162,210 million, an increase of 2% from RMB 156,228 million in the same period of 2023[60] - Net profit for the group reached RMB 52,531 million, slightly up from RMB 52,262 million year-on-year, indicating a stable performance[62] - The group's net profit for Q3 2024 was RMB 16,660 million, up 7.1% from RMB 15,555 million in Q3 2023[67] Assets and Liabilities - As of September 30, 2024, total assets reached RMB 9,259.25 billion, an increase of 2.28% compared to the end of 2023[4] - The bank's total liabilities were RMB 8,429.30 billion, an increase of 1.34% from the end of 2023[4] - The total assets of the group as of September 30, 2024, amounted to RMB 9,259,247 million, up from RMB 9,052,484 million at the end of 2023, showing a growth of approximately 2.3%[58] - The total liabilities and equity of the group reached RMB 9,259,247 million, indicating a robust financial position[58] Loans and Advances - Total loans and advances amounted to RMB 5,631.81 billion, up 2.43% from the end of 2023[4] - The bank's loan balances for manufacturing, strategic emerging industries, and private economy reached CNY 287.485 billion, CNY 586.266 billion, and CNY 1,322.979 billion respectively, with year-on-year growth rates of 11.18%, 10.23%, and 6.17%[11] - The personal housing mortgage loan balance was CNY 1,004.868 billion, an increase of 3.47% compared to the end of the previous year; the balance of personal inclusive loans reached CNY 407.567 billion, growing by 7.13%[11] Customer Deposits - Customer deposits totaled RMB 5,609.32 billion, marking a 3.91% increase compared to the end of 2023[4] - The bank's customer deposits totaled RMB 5,692,815 million, up from RMB 5,467,657 million year-over-year[56] - The net increase in customer deposits for the first nine months of 2024 was RMB 213,953 million, down from RMB 331,300 million in the same period of 2023[69] Income and Expenses - The net interest margin stood at 1.79%, a decrease of 0.03 percentage points year-on-year[9] - Non-interest income reached RMB 522.39 billion, growing by 11.17% year-on-year, driven by securities investments[9] - The total operating expenses for Q3 2024 were RMB 34,393 million, an increase from RMB 33,427 million in Q3 2023[65] Capital and Ratios - The core tier one capital adequacy ratio was 9.50%, while the tier one capital adequacy ratio was 11.61%, and the total capital adequacy ratio was 13.78%[37] - The leverage ratio as of September 30, 2024, is 7.35%, which is above the regulatory minimum of 4.25%[40] - The liquidity coverage ratio is 142.51% as of September 30, 2024, down from 167.48% as of December 31, 2023, but still above the regulatory requirement of 100%[41] Digital Transformation and Innovation - The bank launched several strategic projects, including the Tianyuan Treasury Standard Version 2.0 and Smart Online Banking 5.0, enhancing its digital financial capabilities[18] - The bank's digital transformation initiatives improved account opening efficiency by 50% and increased data entry accuracy from 60% to 90%[18] - The bank's "Smart Online Banking 5.0" was officially launched, improving customer service and operational capabilities[26] Risk Management - The group has implemented a comprehensive risk management system, focusing on key areas such as real estate and local government financing platforms[31] - The group has increased cash recovery efforts to address problem assets while maintaining asset quality stability[34] - The group is enhancing digital risk control capabilities, aiming to transition risk management from informatization to intelligence[34] Shareholder Information - The total number of ordinary shareholders as of the reporting period is 132,869, with 106,837 being A-share holders and 26,032 being H-share holders[43] - China CITIC Financial Holdings Limited holds 66.81% of the shares, making it the largest shareholder[43] Cash Flow - Cash flow from operating activities for the first nine months of 2024 was a net outflow of RMB 222,397 million, compared to a net inflow of RMB 4,461 million in the same period of 2023[69] - The net cash flow from investment activities for the group was RMB 35,055 million, a significant improvement from a net outflow of RMB 66,985 million in the same period last year[71] - The net cash flow from financing activities was RMB 176,043 million, recovering from a net outflow of RMB 77,049 million in the previous year[71]