Bank Of Shanghai(601229)2024-10-30 09:49Financial Performance - The company's operating revenue for Q3 2024 reached RMB 13,294,741, an increase of 2.96% year-on-year[3] - Net profit attributable to shareholders of the parent company was RMB 4,618,252, reflecting a year-on-year growth of 2.41%[3] - The net profit excluding non-recurring gains and losses for Q3 2024 was RMB 4,567,560, up 3.56% compared to the same period last year[3] - Basic earnings per share for Q3 2024 were RMB 0.33, an increase of 3.13% year-on-year[3] - Net profit for the first nine months of 2024 was RMB 17,591,229 thousand, compared to RMB 17,369,772 thousand for the same period in 2023, reflecting an increase of about 1.3%[33] - The bank's total operating income for the first nine months of 2024 was RMB 39,541,807 thousand, compared to RMB 39,273,012 thousand in the same period of 2023, showing a growth of approximately 0.7%[32] - The total comprehensive income attributable to the parent company's shareholders reached RMB 18,591,487 thousand, an increase from RMB 16,812,574 thousand in the previous year, reflecting a growth of approximately 10.6%[34] - Basic earnings per share for the period were RMB 1.24, compared to RMB 1.22 in the same period last year, indicating a slight increase[34] Assets and Liabilities - The total assets as of September 30, 2024, amounted to RMB 3,226,948,963, representing a 4.58% increase from the end of 2023[3] - As of September 2024, the total assets of the group reached RMB 3,226.949 billion, an increase of 4.58% compared to the end of the previous year[16] - Total liabilities as of September 30, 2024, amounted to RMB 2,979,824,335 thousand, up from RMB 2,846,467,311 thousand as of December 31, 2023, marking an increase of around 4.7%[30] - The bank's total equity as of September 30, 2024, was RMB 247,124,628 thousand, compared to RMB 239,049,162 thousand as of December 31, 2023, indicating an increase of approximately 3.4%[31] Capital Adequacy and Ratios - The core Tier 1 capital adequacy ratio stood at 10.01%, up from 9.64% in the previous quarter[8] - The capital adequacy ratio as of September 2024 was 14.77%, an increase of 1.39 percentage points from the previous year[16] - The first-tier capital adequacy ratio was 10.91%, up 0.49 percentage points year-on-year[16] - The non-performing loan ratio stood at 1.20%, slightly down from 1.21% at the end of the previous year[11] - The provision coverage ratio improved to 277.31%, compared to 272.66% at the end of the previous year[11] Customer and Loan Growth - The total customer loans and advances amounted to RMB 1,414.018 billion, reflecting a growth of 2.69% year-on-year[16] - The total deposits reached RMB 1,746.064 billion, which is a 6.46% increase from the previous year[16] - The balance of RMB corporate loans and advances is 832.67 billion, up 4.56% from the end of last year[19] - The balance of RMB corporate deposits is 1,097.31 billion, an increase of 6.92% year-on-year[19] - The total number of customers reached 300,300, a growth of 4.16% year-on-year[18] - The total number of retail customers is 21.53 million, with managed retail customer assets (AUM) exceeding 1 trillion, reaching 1,014.45 billion, a growth of 6.16%[23] Cash Flow and Investment - The net cash flow from operating activities for the first nine months of 2024 was RMB 23,880,551, showing a significant increase of RMB 602,400,000 year-on-year[7] - The net cash inflow from operating activities for the first nine months of 2024 was RMB 23,880,551 thousand, compared to RMB 36,359,004 thousand in the previous year, showing a decrease of approximately 34.2%[36] - The total cash inflow from investment activities was RMB 492,201,562 thousand, compared to RMB 464,470,582 thousand in the previous year, marking an increase of approximately 6%[37] - The bank's investment income for the first nine months of 2024 was RMB 10,584,386 thousand, significantly up from RMB 4,420,941 thousand in the same period of 2023, indicating an increase of approximately 139.1%[32] Dividends and Future Plans - The company plans to distribute cash dividends of RMB 2.80 per 10 shares, totaling approximately RMB 3,977.87 million, which accounts for 30.67% of the net profit attributable to ordinary shareholders[27] - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge[38]