INDUSTRIAL BANK(SH:601166)2020-10-29 16:00Financial Performance - Total operating income for the first nine months of 2020 was RMB 151,783 million, an increase of 11.11% compared to RMB 136,606 million in the same period of 2019[4] - Net profit attributable to shareholders of the parent company for the first nine months of 2020 was RMB 51,875 million, a decrease of 5.53% from RMB 54,910 million in the same period of 2019[4] - The weighted average return on equity decreased to 9.83%, down by 1.89 percentage points from 11.72% in the same period of 2019[4] - The bank's net profit for the nine months ended September 30, 2020, was RMB 47,778 million, a decrease of 9.1% compared to RMB 52,516 million for the same period in 2019[37] - Total profit for the nine months was RMB 58,035 million, down 6.5% from RMB 61,823 million in the same period last year[31] Asset and Liability Management - Total assets reached RMB 7,619,539 million as of September 30, 2020, representing a growth of 6.63% from RMB 7,145,681 million at the end of 2019[5] - Total liabilities reached 7,042,372 million RMB, up from 6,596,029 million RMB at the end of 2019[28] - Shareholders' equity totaled 577,167 million RMB, compared to 549,652 million RMB at the end of 2019[29] - Customer deposit balance stood at CNY 3,965.963 billion, reflecting a growth of 5.50% from the beginning of the year[20] - Customer loan balance increased to CNY 3,863.049 billion, marking a growth of 12.25% compared to the beginning of the year[20] Risk Management - The non-performing loan ratio improved to 1.47% as of September 30, 2020, down by 0.07 percentage points from 1.54% at the end of 2019[5] - The provision coverage ratio increased to 211.69%, up by 12.56 percentage points from 199.13% at the end of 2019[5] - The total loan loss provisions amounted to RMB 120,193 million, an increase from RMB 105,581 million at the end of 2019[7] - Credit impairment losses rose by 41.09%, totaling 58,644 million RMB[23] - The bank's credit impairment losses for the nine months were RMB 56,279 million, compared to RMB 39,699 million in the previous year, reflecting a significant increase[37] Income and Expenses - Net interest income for the same period was RMB 86,627 million, up 13.5% from RMB 76,301 million year-over-year[31] - The bank's total operating expenses increased to RMB 93,765 million, up 25.0% from RMB 74,960 million year-over-year[31] - The cost-to-income ratio was reported at 22.10%, with reasonable growth in expense costs[20] - The net fee and commission income was RMB 46,055 million, reflecting a growth of 27.4% from RMB 36,142 million year-over-year[31] Cash Flow Analysis - The net cash flow from operating activities was negative RMB 86,068 million, compared to positive RMB 539,500 million in the same period of 2019[4] - Cash inflow from operating activities totaled RMB 591,559 million, an increase from RMB 412,178 million year-over-year[40] - The net cash flow from investment activities for the group was RMB (59,376) million, a significant decrease from RMB 544,639 million in the same period of 2019[41] - The net cash flow from financing activities for the group was RMB 68,521 million, down from RMB 138,022 million in the previous year[42] Shareholder Information - The number of ordinary shareholders was 297,184, with the largest shareholder, Fujian Provincial Finance Department, holding 3,902,131,806 shares, accounting for 18.78%[14] - The top ten ordinary shareholders collectively held 2,010,318,203 shares, with significant stakes from state-owned entities[19] Investment and Financial Instruments - The company issued 800 billion RMB in financial bonds specifically for small and micro enterprise loans[23] - The company successfully issued 300 billion RMB in perpetual capital bonds to supplement other Tier 1 capital[25] - Investment income increased by 13.70% year-on-year, amounting to 22,939 million RMB[23] - Fair value changes resulted in a loss of 5,088 million RMB, a decrease of 306.33% compared to the previous year[23] - Exchange rate gains reached 499 million RMB, reflecting a 42.04% increase year-on-year[23]