农业银行(601288) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the reporting period was RMB 173.377 billion, a year-on-year increase of 3.45%[5] - Net profit attributable to shareholders of the parent company was RMB 78.48 billion, up 5.88% year-on-year[5] - Net profit for the first nine months of 2024 reached RMB 215.262 billion, a year-on-year increase of 3.60%[16] - Total operating income for the first nine months of 2024 was RMB 5,402.12 billion, up 1.29% year-on-year[17] - Net interest income for the first nine months of 2024 was RMB 4,377.96 billion, a year-on-year increase of 0.96%[17] - Revenue for the first nine months of 2024 reached RMB 540,212 million, a 1.3% increase compared to RMB 533,358 million in the same period of 2023[31] - Net interest income for the first nine months of 2024 was RMB 437,796 million, up 1.0% from RMB 433,628 million in the same period of 2023[31] - Net profit attributable to shareholders of the parent company for the first nine months of 2024 was RMB 214,372 million, a 3.4% increase from RMB 207,356 million in the same period of 2023[31] - Net profit for the first nine months of 2024 was RMB 215,262 million, a 3.6% increase from RMB 207,789 million in the same period of 2023[31] - Net profit for the first nine months of 2024 reached RMB 228,157 million, a 17.4% increase compared to RMB 194,350 million in the same period of 2023[37] - Total comprehensive income for the first nine months of 2024 was RMB 232,020 million, a 16.6% increase compared to RMB 198,951 million in the same period of 2023[34] - Total comprehensive income for the first nine months of 2024 was RMB 228,157 million, up from RMB 194,350 million in the same period of 2023[37] - Basic earnings per share (EPS) for the reporting period was RMB 0.19, up 5.56% year-on-year[5] - Basic and diluted earnings per share for the first nine months of 2024 were RMB 0.56, up from RMB 0.55 in the same period of 2023[34] Asset and Liability Management - Total assets reached RMB 43.553 trillion, an increase from RMB 39.873 trillion at the end of the previous year[7] - Total assets as of September 30, 2024, were RMB 43,553.293 billion, an increase of 9.23% compared to the end of the previous year[18] - Total assets as of September 30, 2024, were RMB 43.553 trillion, an increase from RMB 39.873 trillion at the end of 2023[29] - Total liabilities as of September 30, 2024, were RMB 40.543 trillion, up from RMB 36.976 trillion at the end of 2023[30] - Shareholders' equity as of September 30, 2024, was RMB 3.010 trillion, compared to RMB 2.897 trillion at the end of 2023[30] - Total loans and advances as of September 30, 2024, were RMB 24,688.299 billion, up 9.17% compared to the end of the previous year[18] - Non-performing loan balance as of September 30, 2024, was RMB 324.836 billion, with a non-performing loan ratio of 1.32%[20] - Manufacturing loan balance as of September 30, 2024, was RMB 3.32 trillion, an increase of 12.64% compared to the end of the previous year[23] - Green credit business balance as of September 30, 2024, was RMB 4.94 trillion, up 22.12% compared to the end of the previous year[23] - Inclusive finance loan balance as of September 30, 2024, was RMB 4.59 trillion, an increase of 28.22% compared to the end of the previous year[23] - Inclusive small and micro enterprise loan balance as of September 30, 2024, was RMB 3.17 trillion, up 29.08% compared to the end of the previous year[23] - Capital adequacy ratio, Tier 1 capital adequacy ratio, and core Tier 1 capital adequacy ratio as of September 30, 2024, were 18.05%, 13.48%, and 11.42%, respectively, with a daily average liquidity coverage ratio of 126.65% for Q3 2024[24] Shareholder and Ownership Structure - The number of ordinary shareholders at the end of the reporting period was 478,067, including 457,993 A-share holders and 20,074 H-share holders[10] - Central Huijin Investment Ltd. remains the largest shareholder with a 40.14% stake, holding 140.489 billion shares[11] - The Ministry of Finance of China is the second-largest shareholder with a 35.29% stake, holding 123.515 billion shares[11] - Hong Kong Securities Clearing (Nominees) Ltd. holds 30.544 billion H-shares, representing an 8.73% stake[11] - The National Council for Social Security Fund holds 23.521 billion A-shares, accounting for a 6.72% stake[11] Cash Flow and Liquidity - Net cash flow from operating activities for the first nine months of 2024 was RMB 1.875 trillion, a significant increase of 36.04% compared to the same period last year[9] - Net cash flow from operating activities for the first nine months of 2024 was RMB 1,874,980 million, a 36.1% increase compared to RMB 1,378,296 million in the same period of 2023[38] - Net cash flow used in investing activities for the first nine months of 2024 was RMB 1,771,297 million, compared to RMB 757,789 million in the same period of 2023[39] - Net cash flow from financing activities for the first nine months of 2024 was RMB 166,316 million, slightly down from RMB 167,105 million in the same period of 2023[39] - The net change in cash and cash equivalents for the group was RMB 267,307 million for the first nine months of 2024, compared to RMB 789,157 million for the same period in 2023[40] - The net change in cash and cash equivalents for the bank was RMB 259,366 million for the first nine months of 2024, compared to RMB 787,723 million for the same period in 2023[40] - The impact of exchange rate changes on cash and cash equivalents for the group was a negative RMB 2,692 million for the first nine months of 2024, compared to a positive RMB 1,545 million for the same period in 2023[40] - The impact of exchange rate changes on cash and cash equivalents for the bank was a negative RMB 2,674 million for the first nine months of 2024, compared to a positive RMB 1,583 million for the same period in 2023[40] - The ending balance of cash and cash equivalents for the group was RMB 2,780,032 million as of September 30, 2024, compared to RMB 2,494,790 million as of September 30, 2023[40] - The ending balance of cash and cash equivalents for the bank was RMB 2,766,683 million as of September 30, 2024, compared to RMB 2,483,573 million as of September 30, 2023[40] - The beginning balance of cash and cash equivalents for the group was RMB 2,512,725 million as of January 1, 2024, compared to RMB 1,705,633 million as of January 1, 2023[40] - The beginning balance of cash and cash equivalents for the bank was RMB 2,507,317 million as of January 1, 2024, compared to RMB 1,695,850 million as of January 1, 2023[40] Dividend and Capital Activities - The board proposed an interim cash dividend of RMB 1.164 per share (tax inclusive) for 2024, totaling RMB 40.738 billion (tax inclusive), and a preferred stock dividend of RMB 5.32 per share (tax inclusive) for 2023-2024, totaling RMB 2.128 billion (tax inclusive)[26] - In July 2024, the company completed the second installment of a RMB 1 billion contribution to the National Green Development Fund and a RMB 1.075 billion contribution to the National Integrated Circuit Industry Investment Fund Phase III[25] - In August 2024, the company issued RMB 50 billion in total loss-absorbing capacity non-capital bonds and redeemed RMB 85 billion and RMB 35 billion in perpetual capital bonds in August and September, respectively[25] - The company issued debt securities worth RMB 2,920,323 million in the first nine months of 2024, up from RMB 2,657,958 million in the same period of 2023[39] - The company paid dividends and profits of RMB 96,462 million in the first nine months of 2024, up from RMB 92,435 million in the same period of 2023[39] Income and Expense Breakdown - Net fee and commission income for the first nine months of 2024 was RMB 61,653 million, a 7.6% decrease from RMB 66,757 million in the same period of 2023[31] - Credit impairment losses for the first nine months of 2024 were RMB 131,046 million, a 1.1% increase from RMB 129,576 million in the same period of 2023[31] - Other comprehensive income after tax for the first nine months of 2024 was RMB 16,758 million, compared to a loss of RMB 8,838 million in the same period of 2023[34] - Operating expenses for the first nine months of 2024 were RMB 298,573 million, a 1.0% increase from RMB 295,507 million in the same period of 2023[31] - Interest and commission income for the first nine months of 2024 was RMB 731,707 million, slightly down from RMB 737,048 million in the same period of 2023[38] - The company's deposits and placements with banks and other financial institutions increased by RMB 3,097,695 million in the first nine months of 2024, compared to RMB 4,001,865 million in the same period of 2023[38] - Loans and advances to customers increased by RMB 2,070,044 million in the first nine months of 2024, compared to RMB 2,522,321 million in the same period of 2023[38]