Financial Performance - Net profit attributable to shareholders for the first three quarters of 2023 was RMB 51.43 billion, a year-on-year increase of 9.19%[4] - Operating income for the first three quarters was RMB 155.95 billion, a decrease of 2.65% year-on-year[4] - The bank's profit attributable to shareholders for the third quarter of 2023 was RMB 15,366 million, an increase of 5.4% from RMB 14,579 million in the same period of 2022[34] - For the nine months ended September 30, 2023, the pre-tax profit was RMB 59,143 million, an increase of 5.4% compared to RMB 56,232 million for the same period in 2022[37] - The bank's basic earnings per share for the first nine months of 2023 were RMB 0.99, compared to RMB 0.90 in the same period of 2022[34] Assets and Liabilities - As of September 30, 2023, total assets reached RMB 8,922.03 billion, an increase of 4.38% compared to the end of 2022[3] - Total liabilities were RMB 8,198.57 billion, up 4.28% from the previous year[3] - The bank's total liabilities as of September 30, 2023, were RMB 8,198,567 million, an increase from RMB 7,861,713 million at the end of 2022[35] - The bank's total liabilities and equity reached RMB 8,922,023 million as of September 30, 2023, compared to RMB 8,547,543 million at the end of 2022, marking an increase of 4.4%[36] Loans and Advances - Total loans and advances amounted to RMB 5,465.23 billion, reflecting a growth of 6.06% year-on-year[3] - The balance of inclusive small and micro enterprise loans reached CNY 529.62 billion, up by CNY 83.62 billion, with a growth rate exceeding the overall loan growth by 11.24 percentage points[10] - The general corporate loan balance was CNY 2.49 trillion, an increase of CNY 186.56 billion, representing an 8.11% growth[11] - The balance of agricultural loans reached CNY 554.65 billion, increasing by CNY 67.72 billion since the beginning of the year[10] - The personal housing mortgage loans amounted to CNY 957.05 billion, an increase of CNY 12.961 billion compared to the end of the previous year[15] Customer Deposits - Customer deposits totaled RMB 5,456.28 billion, marking a 7.00% increase compared to the end of 2022[3] - Customer deposits increased by RMB 3,569.33 billion, with corporate and personal deposits rising by RMB 1,969.92 billion and RMB 1,599.41 billion respectively[8] - The number of personal customers increased to 134 million, with an addition of 7.04 million customers since the end of last year[12] Credit Quality - The non-performing loan (NPL) balance was CNY 66.801 billion, an increase of CNY 1.588 billion from the end of the previous year, with an NPL ratio of 1.22%, down 0.05 percentage points[16][17] - The provision coverage ratio increased to 209.51%, up 8.32 percentage points from the end of the previous year[16][17] - The total loan balance was CNY 5,465.228 billion, with normal loans accounting for 98.78% of the total[18] - The bank's credit impairment losses for the first nine months of 2023 were RMB 52,327 million, a decrease of 15% compared to RMB 61,626 million in the same period of 2022[33] Capital Adequacy - The core Tier 1 capital adequacy ratio was 8.81%, an increase of 0.07 percentage points from the end of the previous year[19] - The total capital adequacy ratio was 12.65%, a decrease of 0.53 percentage points from the end of the previous year[19] - The leverage ratio stood at 6.61%, well above the regulatory requirement of 4.25%[21] Liquidity - The liquidity coverage ratio as of September 30, 2023, is 143.64%, down from 168.03% as of December 31, 2022[22] - The amount of high-quality liquid assets decreased to 995,507 million from 1,087,933 million year-over-year[22] - The net cash outflow for the next 30 days increased to 693,080 million from 647,452 million year-over-year[22] Shareholder Information - The total number of common shareholders as of the reporting period is 137,079, with 110,465 being A-share holders and 26,614 being H-share holders[23] - China CITIC Financial Holdings Limited holds 31,406,992,773 shares, representing 64.14% of total shares[24] - The top ten common shareholders collectively hold 65.93% of the total shares, with China CITIC Financial Holdings being the largest[25] - The total number of preferred shareholders is 37, with the largest holding being China Mobile Communications Group Co., Ltd. at 43,860,000 shares, representing 12.53%[27] Operational Highlights - The total transaction volume of the "Financial Interbank+" platform reached CNY 1.31 trillion, a year-on-year increase of 98.74%[12] - The bank provided discount financing services to 13,342 enterprises, with 9,272 being small and micro enterprises, accounting for 69.49% of the total[12] - The bank's net fee and commission income for the first nine months of 2023 was RMB 26,991 million, slightly down from RMB 27,354 million in the same period of 2022[33] Management Changes - The bank appointed Fang Heping as chairman and Liu Cheng as president, effective August 3, 2023[30]
中信银行(00998) - 2023 Q3 - 季度业绩