QILU BANK(601665)2024-10-30 11:35Financial Performance - Net profit for the third quarter was RMB 1.08 billion, a year-on-year increase of 14.42%[4] - Operating income for the first three quarters was RMB 9.48 billion, up 4.26% year-on-year[4] - Basic earnings per share for the third quarter were RMB 0.20, an increase of 17.65% year-on-year[4] - Net profit attributable to shareholders of the parent company increased to CNY 3,442,308, representing a growth of 17.1% from CNY 2,937,254 in the same period last year[22] - Net profit for the first three quarters of 2024 was CNY 3,387,774, an increase of 20.25% compared to CNY 2,816,257 in 2023[30] Asset and Liability Management - Total assets reached RMB 668.13 billion, an increase of 10.47% compared to the end of the previous year[6] - Total loans amounted to RMB 332.48 billion, a growth of 10.76% compared to the end of the previous year[6] - Total deposits reached RMB 435.98 billion, increasing by 9.52% year-on-year[6] - Total liabilities increased to CNY 622,732,310, compared to CNY 562,992,498 at the end of 2023, marking a rise of 10.6%[19] - The bank's total equity reached CNY 45,398,123, an increase of 8.5% from CNY 41,823,490 at the end of 2023[19] Credit Quality - The non-performing loan ratio improved to 1.23%, down 0.03 percentage points from the end of the previous year[5] - The provision coverage ratio increased to 312.74%, up 9.16 percentage points from the end of the previous year[7] - The bank's total loans classified as normal increased to CNY 324,692,209, representing 97.65% of total loans[13] - The non-performing loan ratio was 1.23% at the end of the reporting period, slightly up from 1.26% at the end of the previous year[13] Income and Expenses - Net interest income decreased to CNY 6,618,659, down 2.1% from CNY 6,761,114 in the previous year[21] - The bank's credit impairment losses for the first three quarters were CNY 3,338,317, a decrease of 6.1% from CNY 3,554,932 in the previous year[21] - Total operating expenses decreased to CNY 5,631,829, down 2.53% from CNY 5,777,297 in the same period of 2023[30] - Net fee and commission income rose to CNY 1,052,461, up 17.55% from CNY 895,578 in the previous year[30] Capital and Funding - Core Tier 1 capital at the end of the reporting period reached CNY 37,159,707, an increase of CNY 2,938,978 compared to the end of the previous year[9] - The total capital adequacy ratio was 15.37%, a slight decrease from 15.38% in the previous year[9] - The net stable funding ratio improved to 144.70% as of September 30, 2024, up from 123.91% in the previous quarter[11] - The liquidity coverage ratio was 253.85% as of September 30, 2024, down from 273.84% in the previous quarter[12] - The bank issued CNY 5 billion in bonds on September 12, 2024, with a coupon rate of 2.06% and a maturity of 3 years[16] Cash Flow - The net cash flow from operating activities was CNY 16,400,989 thousand, down from CNY 23,175,099 thousand year-over-year, indicating a decline of about 29%[24] - The net cash flow from investment activities was CNY -30,859,171 thousand, compared to CNY -21,850,454 thousand in the previous year, showing a worsening of about 40.5%[26] - The net cash flow from financing activities was CNY 10,590,371, a significant increase from CNY -2,306,635 in the same period of 2023[35] Comprehensive Income - The total comprehensive income for the first three quarters of 2024 was CNY 4,207,415, compared to CNY 3,143,965 in the same period of 2023[32] - The bank's other comprehensive income after tax for the first three quarters was CNY 819,641, compared to CNY 327,708 in the same period last year[22]