浙商银行(02016) - 2024 Q3 - 季度业绩

Financial Performance - Net profit attributable to shareholders for the first nine months of 2024 was RMB 12,905 million, a slight increase of 1.19% from the same period in 2023[4] - The net profit attributable to shareholders of the bank was RMB 12.905 billion, an increase of RMB 0.152 billion or 1.19% year-on-year[20] - For the nine months ended September 30, 2024, the total comprehensive income was RMB 14,063 million, an increase from RMB 12,931 million in the same period of 2023, representing a growth of 8.8%[21] - The net profit attributable to shareholders for the same period was RMB 13,644 million, compared to RMB 12,572 million in 2023, reflecting an increase of 8.5%[21] - Basic earnings per share attributable to shareholders for the first nine months of 2024 was RMB 0.47, a decrease of 11.32% compared to RMB 0.53 in the same period of 2023[4] - Basic and diluted earnings per share for the nine months ended September 30, 2024, were both RMB 0.47, down from RMB 0.53 in 2023, indicating a decrease of 11.3%[21] Assets and Liabilities - Total assets as of September 30, 2024, reached RMB 3,276,188 million, an increase of 4.21% compared to the end of 2023[3] - The total liabilities as of September 30, 2024, were RMB 3,077,052 million, an increase of 4.15% from the end of 2023[3] - As of the end of the reporting period, the total assets of the group reached RMB 3,276.188 billion, an increase of RMB 132.309 billion or 4.21% compared to the end of the previous year[14] - The group’s total liabilities amounted to RMB 3,077.052 billion, an increase of RMB 122.750 billion or 4.15% compared to the end of the previous year[14] - Total liabilities increased to RMB 3,077,052 million as of September 30, 2024, compared to RMB 2,954,302 million at the end of 2023, representing a growth of 4.2%[22] Loans and Advances - The total amount of loans and advances issued was RMB 1,826,183 million, reflecting a growth of 6.41% year-on-year[3] - The bank's loans and advances increased to RMB 1,781,982 million, up from RMB 1,673,272 million in 2023, reflecting a growth of 6.5%[22] Cash Flow - The net cash flow used in operating activities for the first nine months of 2024 was RMB (84,757) million, a significant decline compared to RMB (15,063) million in the previous year, representing a 462.68% increase in cash outflow[4] - The net cash used in operating activities for the nine months ended September 30, 2024, was RMB (84,757) million, compared to RMB (15,063) million in 2023, indicating a significant increase in cash outflow[24] - The net cash generated from financing activities rose to RMB 70,391 million in 2024, compared to RMB 37,091 million in 2023[25] - The net decrease in cash and cash equivalents was RMB (21,905) million in 2024, an improvement from RMB (24,873) million in 2023[25] - Cash and cash equivalents at the beginning of the period increased to RMB 170,462 million in 2024 from RMB 107,748 million in 2023[25] - Cash and cash equivalents at the end of the period reached RMB 148,557 million in 2024, compared to RMB 82,875 million in 2023[25] Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio stood at 8.39% as of September 30, 2024, up from 8.22% at the end of 2023[6] - The capital adequacy ratio increased to 12.71%, up by 0.52 percentage points from the end of the previous year[15] - The liquidity coverage ratio was reported at 144.75% as of September 30, 2024, down from 166.61% at the end of 2023[9] Non-Interest Income - The non-interest income as a percentage of operating income increased to 32.24%, up by 4.54 percentage points compared to the previous year[5] - Non-interest income reached RMB 16.931 billion, an increase of RMB 3.161 billion or 22.96% year-on-year, accounting for 32.24% of total operating income[14] Other Financial Metrics - The average return on total assets (annualized) decreased to 0.55% for the first nine months of 2024, down from 0.63% in the same period of 2023[5] - The cost-to-income ratio was 28.70%, an increase of 1.01 percentage points year-on-year[14] - The non-performing loan balance was RMB 25.963 billion, with a non-performing loan ratio of 1.43%, a decrease of 0.01 percentage points from the end of the previous year[15] - The provision for expected credit losses increased to RMB 21,461 million for the nine months ended September 30, 2024, compared to RMB 19,973 million in 2023, an increase of 7.5%[24] - The net interest income was RMB 35.587 billion, a slight decrease of RMB 0.362 billion or 1.01% year-on-year[20] Cash Management - Cash received from the disposal of fixed assets, intangible assets, and other long-term assets increased significantly to RMB 510 million in 2024 from RMB 19 million in 2023[25] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets rose to RMB 8,313 million in 2024 compared to RMB 6,116 million in 2023[25] - Cash received from investment income increased to RMB 25,408 million in 2024, up from RMB 21,350 million in 2023[25] - Cash recovered from investments surged to RMB 3,652,728 million in 2024, compared to RMB 1,310,820 million in 2023[25] - Net cash used in investment activities improved to RMB (7,322) million in 2024 from RMB (47,497) million in 2023[25] - Cash received from bond issuance increased to RMB 441,999 million in 2024, up from RMB 381,685 million in 2023[25]