Bank of Chengdu(SH:601838)2018-10-30 16:00Financial Performance - Total operating income for the first nine months of 2018 reached RMB 8,418,147,000, an increase of 28.59% compared to RMB 6,546,592,000 in the same period of 2017[8] - Net profit attributable to shareholders of the parent company was RMB 3,395,795,000, reflecting a growth of 20.85% from RMB 2,809,978,000 year-on-year[8] - Basic earnings per share for the first nine months of 2018 were RMB 0.95, a rise of 10.47% compared to RMB 0.86 in the same period of 2017[10] - Total comprehensive income for the first nine months of 2018 was RMB 3,469,377,000, an increase from RMB 2,802,186,000 in 2017[50] - The company reported a net profit of RMB 1,274,912,000 for the third quarter of 2018, compared to RMB 1,159,393,000 in the same quarter of 2017, marking a 9.9% increase[53] - The net profit attributable to shareholders was CNY 3.40 billion, up CNY 586 million, or 20.85% year-on-year[18] Assets and Liabilities - Total assets as of September 30, 2018, amounted to RMB 484,009,792,000, representing an increase of 11.38% from RMB 434,539,478,000 at the end of 2017[8] - The total liabilities increased to RMB 454,034,423,000, marking a growth of 10.87% from RMB 409,515,036,000 year-on-year[10] - The total amount of loans and advances issued was RMB 173,660,164,000, up by 16.81% from RMB 148,662,682,000 in the previous year[10] - The total deposits absorbed reached RMB 352,465,241,000, an increase of 12.68% from RMB 312,797,150,000 in the previous year[10] - Total assets reached CNY 484.01 billion, an increase of CNY 49.47 billion, or 11.38% from the beginning of the year[18] - The total liabilities increased to CNY 454,034,423 thousand from CNY 409,515,036 thousand, reflecting a growth of 10.8% year-over-year[46] Cash Flow and Investments - The net cash flow from operating activities was RMB 2,628,242,000, a significant decrease of 93.90% compared to RMB 43,062,592,000 in the same period last year[8] - The net cash outflow from investing activities was CNY (68,553,331) thousand for the first nine months of 2018, compared to CNY (26,666,504) thousand in the same period of 2017, indicating increased investment expenditures[60] - The cash inflow from financing activities for the first nine months of 2018 was CNY 19,749,153 thousand, a significant increase from CNY 3,556,493 thousand in the same period of 2017[60] - The total cash and cash equivalents at the end of September 2018 were CNY 13,994,744 thousand, down from CNY 62,308,615 thousand at the end of September 2017[60] - The cash inflow from investment activities was CNY 100,175,107 thousand, compared to CNY 78,886,801 thousand in the same period of 2017, showing a year-over-year increase of approximately 27%[60] Capital and Ratios - The weighted average return on equity decreased to 11.91%, down by 0.43 percentage points from 12.34% in the previous year[10] - The net core tier 1 capital as of September 30, 2018, is CNY 30,006,482 thousand, an increase from CNY 25,026,939 thousand as of December 31, 2017, representing a growth of 19.5%[31] - The core tier 1 capital adequacy ratio improved to 10.65% from 10.47% in the previous year, indicating a stronger capital position[31] - The leverage ratio as of September 30, 2018, is 6.09%, up from 5.61% as of December 31, 2017, showing enhanced financial stability[34] - The liquidity coverage ratio decreased to 146.53% from 185.46%, indicating a tighter liquidity position compared to the previous year[37] Strategic Initiatives - The company plans to issue CNY 500 million of special financial bonds for innovation and entrepreneurship, pending shareholder approval[24] - The company increased its stake in Sichuan Jincheng Consumer Finance Co., Ltd. to 38.86% following a capital increase[24] - The bank's focus on expanding its asset base and improving capital ratios indicates a strategic direction towards sustainable growth and risk management[31]