Financial Performance - The operating income for the third quarter of 2023 was RMB 167,854 million, a decrease of 3.43% compared to RMB 173,812 million in the same period last year[5]. - Net profit attributable to shareholders of the parent company reached RMB 74,122 million, an increase of 7.76% from RMB 68,786 million year-on-year[5]. - For the nine months ending September 30, 2023, the group achieved a net profit of RMB 207.79 billion, an increase of 5.22% year-on-year[14]. - The net profit attributable to shareholders for Q3 2023 is RMB 73,958 million, up from RMB 68,702 million in Q3 2022, representing a growth of 3.7%[31]. - The total comprehensive income for the nine months ended September 30, 2023, is RMB 198,951 million, down from RMB 213,675 million in the same period of 2022, indicating a decline of 6.9%[31]. Earnings and Ratios - Basic earnings per share remained stable at RMB 0.18, with a year-to-date figure of RMB 0.55, reflecting a 3.77% increase from RMB 0.53 in the previous year[5]. - Basic earnings per share reached RMB 0.55, an increase of RMB 0.02 year-on-year[14]. - The return on average equity (annualized) was 12.43%, a slight decrease of 0.06 percentage points from 12.49% in the previous year[5]. - The annualized average total asset return rate was 0.76%, a decrease of 0.08 percentage points year-on-year[14]. - The annualized weighted average return on net assets was 11.39%, down 0.40 percentage points year-on-year[14]. Assets and Liabilities - The total assets as of September 30, 2023, were RMB 38,698,016 million, representing a 14.07% increase from RMB 33,927,533 million at the end of the previous year[5]. - Total liabilities reached RMB 35,876,558 million, up from RMB 31,251,728 million, marking an increase of about 14.5%[33]. - Total customer loans and advances amounted to RMB 223,374.06 billion, up by RMB 25,735.79 billion or 13.02% year-on-year[15]. - Customer loans and advances rose to RMB 21,448,199 million, an increase of 12.9% from RMB 18,980,973 million in December 2022[32]. - The bank's equity totalled RMB 2,821,458 million, up from RMB 2,673,760 million, reflecting a growth of approximately 5.5%[33]. Cash Flow - The net cash flow from operating activities for the year-to-date period was RMB 1,378,296 million, showing a slight decrease of 0.78% compared to RMB 1,389,197 million in the previous year[5]. - Net cash from operating activities for the nine months ended September 30, 2023, was RMB 1,378,296 million, slightly down from RMB 1,389,197 million in the same period of 2022[34]. - Cash dividends distributed amounted to RMB 777.66 billion for the fiscal year 2022, with a per-share dividend of RMB 0.2222[20]. - The expected total cash outflow is RMB 7,867,753 million[27]. - The expected total cash inflow is RMB 4,200,536 million[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 439,091, with the top ten shareholders holding significant stakes[7]. - Central Huijin Investment Ltd. held 40.03% of the shares, while the Ministry of Finance held 35.29%[7]. - The top ten shareholders and the top ten unrestricted shareholders did not engage in margin financing or securities lending activities[10]. Regulatory and Compliance - The implementation of new accounting standards from January 1, 2023, has been completed, affecting the financial statements for comparative periods[6]. - Core Tier 1 capital adequacy ratio was 10.44%, down from 11.15% at the end of the previous year[24]. - The leverage ratio is reported at 6.95%, exceeding regulatory requirements[28]. - The liquidity coverage ratio averaged 126.9% in Q3 2023, up by 0.4 percentage points from the previous quarter[26]. - As of September 30, 2023, the liquidity coverage ratio is 126.9%[27]. Investment and Income - Net interest income was RMB 433.63 billion, down 3.21% year-on-year, with a net interest margin of 1.62%[14]. - Net interest income for the nine months ended September 30, 2023, is RMB 433,628 million, compared to RMB 447,987 million for the same period in 2022, reflecting a decrease of 3.2%[30]. - The bank's investment income from securities was RMB 232,578 million for the nine months ended September 30, 2023, compared to RMB 209,132 million in the same period of 2022[35]. - The bank's other equity instruments increased to RMB 480,000 million from RMB 440,000 million, showing a growth of approximately 9.1%[33]. Credit and Risk Management - Non-performing loan balance was RMB 2,998.41 billion, an increase of RMB 287.79 billion, with a non-performing loan ratio of 1.35%, down by 0.02 percentage points[16]. - The coverage ratio for provisions stood at 304.12%, an increase of 1.52 percentage points from the end of the previous year[16]. - Credit impairment losses decreased by RMB 13.99 billion year-on-year, totaling RMB 129.58 billion[14]. - Loans to the manufacturing sector reached RMB 29,955 billion, increasing by RMB 6,951 billion or 30% year-on-year[18]. - Green credit business balance was RMB 38,313 billion, up by RMB 11,338 billion or 42% compared to the previous year[18].
农业银行(01288) - 2023 Q3 - 季度业绩