苏农银行(603323) - 2024 Q3 - 季度财报

Financial Performance - Operating income for Q3 2024 was CNY 942,755,000, a decrease of 3.27% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2024 reached CNY 507,119,000, an increase of 5.21% year-on-year[5] - Net profit excluding non-recurring items was CNY 490,264,000, reflecting a 9.55% increase from the previous year[5] - For the first nine months of 2024, the company achieved operating income of RMB 3.218 billion, a year-on-year increase of 4.82%[13] - The net profit attributable to shareholders for the same period was RMB 1.627 billion, reflecting a year-on-year growth of 12.18%[13] - The net profit for the first three quarters of 2024 reached CNY 1,626,028,000, up from CNY 1,454,989,000 in the same period of 2023, indicating an increase of about 11.7%[24] - The bank's total operating income for the first three quarters of 2024 was CNY 3,218,293,000, an increase from CNY 3,070,163,000 in 2023, indicating a growth of approximately 4.8%[24] Cash Flow - The net cash flow from operating activities was negative CNY 1,992,749,000, a decline of 30.37% compared to the same period last year[5] - Net cash flow from operating activities for the first three quarters of 2024 was -CNY 169,657 thousand, a significant decline from CNY 5,219,539 thousand in the same period of 2023[26] - Net cash flow from investment activities for the first three quarters of 2024 was CNY 1,761,845 thousand, a recovery from -CNY 5,871,309 thousand in the same period of 2023[26] - Net cash flow from financing activities was -CNY 3,682,981 thousand in 2024, compared to a positive flow of CNY 314,403 thousand in 2023[26] - The balance of cash and cash equivalents at the end of Q3 2024 was CNY 2,956,608 thousand, down from CNY 4,139,204 thousand at the end of Q3 2023[27] - The net increase in cash and cash equivalents for the first three quarters of 2024 was -CNY 2,094,809 thousand, compared to -CNY 385,026 thousand in the same period of 2023[27] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to CNY 210,061,665,000, representing a 3.70% increase from the end of the previous year[5] - As of September 30, 2024, total assets reached RMB 210.062 billion, up 3.70% from the beginning of the year[14] - Total loans amounted to RMB 126.983 billion, representing a growth of 3.84% year-to-date[14] - Total deposits increased to RMB 169.831 billion, marking a year-to-date growth of 7.76%[14] - The total liabilities as of September 30, 2024, were CNY 192,927,805,000, up from CNY 186,767,919,000 at the end of 2023, marking an increase of about 3.0%[22] Equity and Capital - Shareholders' equity attributable to shareholders was CNY 17,120,433,000, up 8.48% from the previous year[5] - Basic earnings per share for Q3 2024 were CNY 0.28, an increase of 7.69% year-on-year[5] - Diluted earnings per share increased by 41.67% to CNY 0.34 compared to the same period last year[5] - The weighted average return on equity was 2.83%, an increase of 0.13 percentage points from the previous year[5] - Core Tier 1 capital adequacy ratio was 10.66%, slightly up from 10.51% at the end of 2023[19] - The bank's capital reserve increased to CNY 2,613,412,000 as of September 30, 2024, compared to CNY 2,314,252,000 at the end of 2023, reflecting a growth of about 12.9%[23] Risk Management - The non-performing loan ratio stood at 0.91%, maintaining stability compared to the previous year[18] - The provision coverage ratio was 429.56%, indicating strong risk mitigation capabilities[18] Investment and Other Income - The company reported a significant increase in investment income by 63.66%, attributed to increased capital gains[8] - The net interest income for the first three quarters of 2024 was CNY 2,140,676,000, a decrease from CNY 2,248,601,000 in 2023, reflecting a decline of approximately 4.8%[24] - The bank's other income decreased to CNY 35,701,000 in the first three quarters of 2024 from CNY 97,738,000 in 2023, a decline of about 63.5%[24] Customer Engagement - The company engaged in investor communications, hosting one investor meeting during the reporting period[12] - The company actively adjusted its asset structure by reducing large government-related loans in the third quarter[13]