NJBK(601009)2024-10-23 09:58Financial Performance - The company's operating revenue for Q3 2024 was 12,342,468 thousand RMB, representing an 8.38% increase year-over-year[3] - Net profit attributable to shareholders for Q3 2024 was 5,068,493 thousand RMB, reflecting a 10.20% increase compared to the same period last year[3] - Basic earnings per share for Q3 2024 were 0.47 RMB, while diluted earnings per share were 0.41 RMB, an increase of 10.81% year-over-year[3] - The company achieved an operating income of RMB 385.58 billion in the first three quarters of 2024, representing an increase of 8.03% year-on-year[14] - The net profit attributable to shareholders was RMB 166.63 billion, marking a growth of 9.02% compared to the same period last year[14] - The basic earnings per share were RMB 1.59, an increase of 8.90% year-on-year[14] - The bank's net profit for the first nine months of 2024 reached CNY 16,772,257, up from CNY 15,375,251 in the same period last year, marking a growth of 9.1%[31] - The bank's total operating income for the first nine months of 2024 was CNY 38,558,036, up from CNY 35,692,157 in the same period last year, representing an increase of 7.9%[31] Asset and Liability Management - Total assets as of September 30, 2024, reached 2,547,037,415 thousand RMB, marking an 11.31% increase from the end of the previous year[4] - The total liabilities amounted to RMB 23,645.11 billion, growing by RMB 2,488.29 billion or 11.76% year-on-year[13] - Total assets increased to CNY 2,547,037,415 as of September 30, 2024, up from CNY 2,288,275,916 at the end of 2023, representing a growth of 11.3%[30] - The total liabilities increased to CNY 2,364,511,277 as of September 30, 2024, compared to CNY 2,115,681,851 at the end of 2023, an increase of 11.7%[30] Cash Flow Analysis - The net cash flow from operating activities for the first nine months of 2024 was -74,559,468 thousand RMB, a significant decrease of 297.37%[7] - Net cash flow from operating activities decreased to -74,559,468 thousand RMB in 2024 from 37,776,700 thousand RMB in 2023, indicating a significant decline[32] - Total cash inflow from operating activities was 129,279,902 thousand RMB in 2023, down from 230,339,615 thousand RMB in 2022[32] - The balance of cash and cash equivalents at the end of the period was 60,293,214 thousand RMB, up from 40,393,832 thousand RMB in 2023[32] Income Composition - The net interest income was RMB 196.14 billion, a decline of 1.36% year-on-year, accounting for 50.87% of total operating income[14] - The non-interest income reached RMB 189.44 billion, an increase of 19.84% year-on-year, making up 49.13% of total operating income[14] - The bank's investment income for Q3 2024 was CNY 3,999,370, compared to CNY 3,050,477 in Q3 2023, reflecting a significant increase of 30.9%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 73,459[7] - The total equity attributable to shareholders was 179,177,807 thousand RMB, a 5.67% increase compared to the end of the previous year[4] - The bank's total equity increased to CNY 182,526,138 as of September 30, 2024, up from CNY 172,594,065 at the end of 2023, representing a growth of 5.4%[30] Loan and Deposit Growth - The total deposits increased to RMB 14,025.59 billion, reflecting a growth of RMB 331.51 billion or 2.42% from the previous year[13] - The total loans reached RMB 12,366.97 billion, up by RMB 1,376.24 billion or 12.52% compared to the end of last year[13] - The corporate RMB loan balance reached 931.99 billion yuan, an increase of 116.89 billion yuan, or 14.34% year-on-year[16] - The bank's customer deposits rose to CNY 1,431,756,801, up from CNY 1,396,365,869, indicating a growth of 2.5%[30] Operational Efficiency - The cost-to-income ratio improved to 25.32%, a decrease of 5.15 percentage points from the end of the previous year[14] - The company's non-performing loan ratio is 0.83%, a decrease of 0.07 percentage points from the beginning of the year, with a provision coverage ratio of 340.40%[15] - The migration rate for normal loans decreased to 0.93% from 1.39% in December 2023, showing improved loan performance[23] Business Expansion - The company opened four new branches in 2024, expanding its market presence[19] - The company converted 1.05 billion yuan of convertible bonds into shares, increasing its stake in Jiangsu Financial Leasing to 21.27%[19] - The consumer finance subsidiary increased its registered capital from 5 billion yuan to 5.215 billion yuan, with the company's ownership decreasing to 64.16%[19] User Engagement - The number of active users of the mobile banking app increased by 16.28% year-on-year, enhancing user experience[17]