Financial Performance - Operating income for Q3 2024 reached RMB 173,519 million, an increase of 3.37% year-on-year[4] - Net profit attributable to shareholders for Q3 2024 was RMB 78,480 million, reflecting a growth of 5.88% compared to the same period last year[4] - Basic earnings per share for Q3 2024 were RMB 0.19, a 5.56% increase year-on-year[4] - For the nine months ending September 30, 2024, the group achieved a net profit of CNY 215.26 billion, an increase of 3.60% year-on-year[13] - The group's operating income for the same period was CNY 540.66 billion, reflecting a year-on-year growth of 1.31%[13] - The net profit for the three months ended September 30, 2024, was RMB 78.768 billion, compared to RMB 73.958 billion for the same period in 2023, marking an increase of 6.1%[24] - The total comprehensive income for the nine months ended September 30, 2024, was RMB 232.020 billion, compared to RMB 198.951 billion for the same period in 2023, reflecting a growth of 16.4%[26] Assets and Liabilities - Total assets as of September 30, 2024, amounted to RMB 43,553,293 million, representing a year-on-year increase of 9.23%[4] - Total liabilities increased to CNY 40,543.00 billion, marking a growth of 9.65% year-on-year[15] - As of September 30, 2024, total assets increased to RMB 43,553,293 million, up from RMB 39,872,989 million as of December 31, 2023, representing a growth of approximately 6.7%[27][28] - The bank's total liabilities reached RMB 40,543,004 million, an increase of 9.5% from RMB 36,976,122 million at the end of 2023[27][28] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was RMB 1,874,980 million, up 36.04% from RMB 1,378,296 million in the same period of 2023[5] - The bank's net cash flow from operating activities for the nine months ended September 30, 2024, was RMB 1,874,980 million, compared to RMB 1,378,296 million for the same period in 2023, reflecting a growth of 36%[29][30] - The bank's net cash used in investing activities was RMB (1,771,297) million for the nine months ended September 30, 2024, compared to RMB (757,789) million for the same period in 2023[30] - The bank's net cash from financing activities was RMB 166,316 million for the nine months ended September 30, 2024, slightly down from RMB 167,105 million for the same period in 2023[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 478,067, with the top ten shareholders holding a combined 40.14% of shares[6] - Central Huijin Investment Ltd. and the Ministry of Finance of the People's Republic of China were the largest shareholders, holding 40.14% and 35.29% of shares respectively[6] - The board proposed a mid-year cash dividend of RMB 1.164 per share, totaling RMB 40.738 billion, subject to shareholder approval[21] Loan and Credit Information - Customer loans and advances totaled CNY 24,688.30 billion, growing by 9.17% from the end of the previous year[14] - The balance of loans to the manufacturing sector was RMB 3.32 trillion, up RMB 373 billion, representing a growth of 12.64%[18] - The balance of green credit business reached RMB 4.94 trillion, increasing by RMB 895.7 billion, or 22.12%[18] - Inclusive finance loans amounted to RMB 4.59 trillion, with an increase of RMB 1,011.1 billion, reflecting a growth of 28.22%[18] - As of September 30, 2024, the total amount of loans and advances to county customers reached RMB 9,732.28 billion, an increase of RMB 956.33 billion, or 10.90% compared to the end of the previous year[17] Ratios and Returns - The weighted average return on equity (annualized) for Q3 2024 was 12.07%, a decrease of 0.36 percentage points compared to the previous year[4] - The annualized average total asset return was 0.69%, a decrease of 0.07 percentage points year-on-year[13] - The capital adequacy ratio, Tier 1 capital ratio, and core Tier 1 capital ratio were 18.05%, 13.48%, and 11.42%, respectively, as of September 30, 2024[19] - The average liquidity coverage ratio for the third quarter of 2024 was 126.65%[19] Other Financial Metrics - Net interest income reached CNY 437.80 billion, up 0.96% compared to the previous year, with a net interest margin of 1.45%[13] - The provision coverage ratio was 302.36%, down by 1.51 percentage points compared to the previous year-end[16] - Non-performing loan balance stood at CNY 324.84 billion, with a non-performing loan ratio of 1.32%, a decrease of 0.01 percentage points from the end of the previous year[16] - The bank's equity attributable to shareholders increased to RMB 3,003,722 million, up from RMB 2,889,248 million, marking a growth of 3.9%[28] - The bank's pre-tax profit for the nine months ended September 30, 2024, was RMB 241,346 million, slightly up from RMB 237,410 million in the same period of 2023[29]
农业银行(01288) - 2024 Q3 - 季度业绩