浙商银行(601916) - 2024 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was RMB 4,906 million, a decrease of 2.08% compared to the same period last year[2] - Operating income for Q3 2024 was RMB 17,212 million, up 4.55% year-on-year[2] - Net profit attributable to shareholders was RMB 12.91 billion, an increase of RMB 1.52 billion or 1.19% year-on-year[11] - The group's total operating income for the same period was RMB 52,491 million, an increase of 3.2% compared to RMB 49,690 million in 2023[19] - Total comprehensive income for the group reached RMB 14,063 million, an increase from RMB 12,931 million in the same period last year, representing a growth of 8.8%[21] - Basic and diluted earnings per share were both RMB 0.47, down from RMB 0.53 in the previous year, indicating a decrease of 11.3%[21] Assets and Liabilities - Total assets reached RMB 3,276,188 million, an increase of 4.21% compared to the end of 2023[2] - The total liabilities reached RMB 3,077,052 million, an increase of 4.15% compared to the end of 2023[2] - The bank's total equity as of September 30, 2024, was RMB 199,136 million, an increase from RMB 189,577 million at the end of 2023, indicating a growth of 5.8%[17] Loans and Deposits - Total loans and advances amounted to RMB 1,826,183 million, reflecting a growth of 6.41% year-on-year[2] - Total deposits reached RMB 1,913.99 billion, an increase of RMB 45.33 billion or 2.43% year-on-year[11] - The net increase in deposits was RMB 38,856 million, down from RMB 107,586 million in the previous year, indicating a decline in deposit growth[23] Income Sources - The non-interest income accounted for 30.60% of total operating income, an increase of 3.37 percentage points[2] - Non-interest income was RMB 169.04 billion, an increase of RMB 31.63 billion or 23.02% year-on-year, accounting for 32.20% of total revenue[11] - The bank's interest income decreased by RMB 3.62 billion or 1.01%, with a net interest margin of 1.80%, down by 0.30 percentage points year-on-year[11] - The group's net interest income for the period from January 1 to September 30, 2024, was RMB 35,587 million, slightly down from RMB 35,949 million in the same period of 2023, a decrease of 1.0%[18] Capital and Ratios - The core Tier 1 capital adequacy ratio stood at 8.39%, up from 8.22% at the end of 2023[4] - Capital adequacy ratio improved to 12.71%, up by 0.52 percentage points from the end of last year[12] - The liquidity coverage ratio was 144.75%, down from 166.61% at the end of 2023[7] Cash Flow - The net cash flow from operating activities was not applicable, with a significant improvement of 462.68% compared to the previous period[2] - Net cash inflow from operating activities was RMB 181,384 million, a decrease from RMB 343,664 million in the same period last year, reflecting a decline of 47.3%[23] - Net cash outflow from operating activities amounted to RMB 84,757 million, compared to an outflow of RMB 15,063 million in the previous year, showing a significant increase in cash outflow[25] Investment Activities - Total cash inflow from investment activities was RMB 3,678,646 million, up from RMB 1,332,189 million in the same period last year, marking a substantial increase[27] - Cash outflow from investment activities totaled RMB 3,685,968 million, compared to RMB 1,379,686 million in the previous year, indicating a significant rise in investment expenditures[27] - The net cash flow used in investment activities was RMB (7,322) million, a decrease from RMB (47,497) million in the same period last year, reflecting improved cash management[27] Future Plans - The bank plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and customer service[19]