BOB(601169)2024-10-30 10:25Financial Performance - Revenue for the third quarter was RMB 16,215 million, a decrease of 0.67% year-over-year[2] - Net profit attributable to shareholders of the parent company was RMB 6,039 million, an increase of 0.73% year-over-year[2] - Basic earnings per share were RMB 0.29, an increase of 3.57% year-over-year[2] - Weighted average return on equity (ROE) decreased by 0.69 percentage points to 9.19%[2] - Revenue for the first nine months of 2024 was 51.759 billion yuan, a year-on-year increase of 4.06%, with net profit attributable to parent company shareholders at 20.618 billion yuan, up 1.90%[18] - Net interest income for the first nine months of 2024 was RMB 38,556 million, up from RMB 37,545 million in the same period of 2023[42] - Net profit attributable to shareholders of the parent company was RMB 20,618 million for the first nine months of 2024, compared to RMB 20,233 million in the same period of 2023[42] - Basic earnings per share for the first nine months of 2024 were RMB 0.95, up from RMB 0.93 in the same period of 2023[43] - Other comprehensive income after tax attributable to shareholders of the parent company was RMB 3,511 million for the first nine months of 2024, compared to RMB 1,657 million in the same period of 2023[43] - Total comprehensive income attributable to shareholders of the parent company was RMB 24,129 million for the first nine months of 2024, up from RMB 21,890 million in the same period of 2023[43] - Total operating income reached RMB 50,104 million in the first nine months of 2024, up from RMB 48,138 million in the same period of 2023[50] - Net interest income increased to RMB 37,267 million in the first nine months of 2024, compared to RMB 36,321 million in the same period of 2023[50] - Net profit rose to RMB 20,097 million in the first nine months of 2024, up from RMB 19,700 million in the same period of 2023[50] - Comprehensive income for the first three quarters of 2024 totaled 23,587 million RMB, an increase from 21,357 million RMB in the same period of 2023[51] Asset and Liability Management - Total assets reached RMB 4,027,327 million, an increase of 7.43% compared to the end of the previous year[3] - Total assets reached 4,027.327 billion yuan, an increase of 7.43% compared to the beginning of the year, while total liabilities amounted to 3,672.244 billion yuan, up 7.36%[18] - Total assets increased to RMB 4,027,327 million as of September 30, 2024, compared to RMB 3,748,679 million at the end of 2023[40] - Total liabilities increased to RMB 3,672,244 million as of September 30, 2024, compared to RMB 3,420,447 million at the end of 2023[41] - Total assets increased to RMB 3,701,507 million as of September 30, 2024, up from RMB 3,376,561 million at the end of 2023[47] - Total liabilities rose to RMB 3,618,173 million as of September 30, 2024, compared to RMB 3,376,561 million at the end of 2023[48] Loan and Deposit Performance - The company's loan principal balance was 2,170.482 billion yuan, an increase of 7.69% from the beginning of the year, accounting for 53.89% of total assets[18] - Deposit principal balance reached 2,371.743 billion yuan, a 14.59% increase from the beginning of the year, accounting for 64.59% of total liabilities[19] - Loans and advances grew to RMB 2,118,074 million, up from RMB 1,964,791 million at the end of 2023[40] - Deposits increased to RMB 2,406,030 million, compared to RMB 2,101,031 million at the end of 2023[41] - Savings deposit scale exceeded 700 billion yuan, reaching 708.997 billion yuan, a 9.6% increase from the beginning of the year, with core deposits growing by 18.37%[22] - The company's RMB corporate deposits reached 16,209 billion yuan, a 13.71% increase from the beginning of the year, with core deposits growing by 722 billion yuan[30] - RMB corporate loans (excluding discounts) exceeded 1.2 trillion yuan, reaching 12,303 billion yuan, a 10.52% increase from the beginning of the year[30] Risk Management - Non-performing loan ratio decreased by 0.01 percentage points to 1.31%[3] - Provision coverage ratio decreased by 7.05 percentage points to 209.73%[3] - The non-performing loan ratio was 1.31%, a decrease of 0.01 percentage points from the beginning of the year[20] - The core tier 1 capital adequacy ratio of Beijing Bank was 9.11% as of September 30, 2024, compared to 9.21% at the end of 2023[14] - The total risk-weighted assets of Beijing Bank increased to 2,821,713 million RMB as of September 30, 2024, up from 2,619,504 million RMB at the end of 2023[14] - The leverage ratio of Beijing Bank was 7.36% as of September 30, 2024, compared to 7.15% at the end of 2023[15] - The adjusted on- and off-balance sheet assets of Beijing Bank reached 4,688,440 million RMB as of September 30, 2024, up from 4,466,233 million RMB at the end of 2023[15] Shareholder and Ownership Structure - ING Bank N.V. remains the largest shareholder with a 13.03% stake[6] - The top 10 shareholders collectively hold approximately 48.75% of the company's shares[6][7] - Beijing LianDong Investment (Group) Co., Ltd. held 327,752,780 shares at the beginning of the period, accounting for 1.55% of the total shares, and increased to 327,952,780 shares by the end of the period, maintaining the same percentage[8] - China Ping An Property Insurance Co., Ltd. held 13,800,000 preferred shares, representing 28.16% of the total preferred shares[10] Cash Flow and Liquidity - Net cash flow from operating activities increased by 589.10% year-to-date[5] - The company's liquidity coverage ratio stood at 141.33%, with qualified high-quality liquid assets totaling 479.1239 billion yuan[16] - Net cash flow from operating activities increased to RMB 7,325.8 million in the first nine months of 2024, up from RMB 1,063.1 million in the same period of 2023[45] - Total cash inflows from operating activities reached RMB 36,219.6 million in the first nine months of 2024, compared to RMB 32,857.7 million in the same period of 2023[45] - Net cash used in investing activities decreased to RMB 4,229.3 million in the first nine months of 2024, down from RMB 9,468.7 million in the same period of 2023[46] - Total cash inflows from investing activities surged to RMB 54,692.6 million in the first nine months of 2024, up from RMB 21,344.3 million in the same period of 2023[46] - Net cash flow from financing activities was RMB 1,894.2 million in the first nine months of 2024, compared to RMB 3,282.0 million in the same period of 2023[46] - Net cash flow from operating activities for the first three quarters of 2024 was 69,300 million RMB, a significant increase from 6,713 million RMB in the same period of 2023[52] - Cash inflows from investment activities for the first three quarters of 2024 were 546,523 million RMB, compared to 213,438 million RMB in the same period of 2023[53] - Cash outflows from investment activities for the first three quarters of 2024 were 584,772 million RMB, compared to 308,092 million RMB in the same period of 2023[53] - Net cash flow from financing activities for the first three quarters of 2024 was 18,974 million RMB, a decrease from 34,048 million RMB in the same period of 2023[53] - The company's cash and cash equivalents at the end of the third quarter of 2024 were 365,822 million RMB, an increase from 295,440 million RMB at the end of the same period in 2023[53] - The company's cash inflows from deposits and interbank placements increased to 210,192 million RMB in the first three quarters of 2024, compared to 164,245 million RMB in the same period of 2023[52] - The company's cash outflows for loan and advance disbursements were 158,359 million RMB in the first three quarters of 2024, a decrease from 192,400 million RMB in the same period of 2023[52] Business Growth and Customer Metrics - Retail customers surpassed 30 million, with AUM balance reaching 1,177.686 billion yuan, a year-on-year increase of over 162.5 billion yuan, or 16.01%[22] - Private banking clients reached 16,768, an increase of 2,784 from the beginning of the year, a growth rate of 19.9%, with private banking AUM at 190.2 billion yuan, up 21 billion yuan or 12.4%[22] - Private banking agency business grew steadily with a 9.91% increase in scale compared to the beginning of the year and a 7.61% year-on-year growth in sales volume for the first three quarters[27] - The issuance of linked products increased by 244.48% year-on-year, driving a 155.19% growth in custody scale compared to the beginning of the year[27] - The company served over 1.7 million "specialized, refined, and innovative" customers, a 38.40% increase from the beginning of the year[32] - The company's effective corporate customers reached 287,100 by the end of the reporting period[31] - The company's cooperation rate with Beijing municipal state-owned enterprises and their subsidiaries increased by 4.42 percentage points from the beginning of the year[31] - "Tong e Rong" has over 27,000 active application customers, accounting for nearly 80% of corporate online business applications[33] Specialized Financial Services - Technology finance, green finance, inclusive finance, and cultural finance loans grew by 32.97%, 31.35%, 20.92%, and 30.81% respectively from the beginning of the year[30] - The company's technology finance loan balance reached 3,447.09 billion yuan, a 32.97% increase from the beginning of the year[32] - The company's green loan balance reached 2,047.68 billion yuan, a 31.35% increase from the beginning of the year[32] - The balance of inclusive small and micro loans reached 288.07 billion yuan, an increase of 49.84 billion yuan from the beginning of the year, with a growth rate of 20.92%[33] - The balance of cultural financial loans reached 115.25 billion yuan, an increase of 27.15 billion yuan from the beginning of the year, with a growth rate of 30.81%[33] - The scale of large supply chain financial services exceeded 1 trillion yuan, a year-on-year increase of 71%[34] Capital Markets and Investment Activities - The total bond underwriting scale reached 265.88 billion yuan, ranking 8th in the market and 1st among city commercial banks[35] - The scale of science and innovation notes reached 27.55 billion yuan, leading among city commercial banks and ranking 5th in the market[35] - The scale of financial market management business reached 4.36 trillion yuan, an increase of 17.39% from the beginning of the year[36] - The total currency trading volume reached 18.4 trillion yuan, placing it in the first tier of the market[36] - The scale of entrusted assets reached 2,217.53 billion yuan, an increase of 37.51% from the beginning of the year[38] - The company completed the migration of the interbank system and fully launched the new interbank business system, achieving efficient online processing of the entire lifecycle of investment and financing business[39] - Financial investments increased to RMB 1,326,432 million as of September 30, 2024, compared to RMB 1,275,806 million at the end of 2023[40] - The company issued bonds worth 415,850 million RMB in the first three quarters of 2024, compared to 438,110 million RMB in the same period of 2023[53] - The company repaid debts worth 389,452 million RMB in the first three quarters of 2024, compared to 386,925 million RMB in the same period of 2023[53]