2020-10-30 16:00Financial Performance - Net profit for Q3 2020 was CNY 80,377 million, a decrease of 4.31% compared to Q3 2019[6] - Operating income for the first nine months of 2020 was CNY 665,693 million, up by 2.90% year-over-year[6] - The weighted average return on equity (ROE) for the first nine months of 2020 was 11.65%, down by 2.65 percentage points from the previous year[6] - The net profit for the third quarter was CNY 230.173 billion, a year-on-year decrease of 8.91%[22] - The net profit for the period was RMB 230,173 million, a decrease from RMB 252,688 million, reflecting a decline of 8.9%[42] - The bank's net profit for the first nine months of 2020 was RMB 219,106 million, compared to RMB 237,514 million in the same period of 2019, reflecting a decline of 7.7%[49] Assets and Liabilities - Total assets as of September 30, 2020, reached CNY 33,471,851 million, an increase of 11.17% compared to the end of 2019[5] - The total liabilities as of September 30, 2020, were CNY 30,649,771 million, an increase of 11.79% from the end of 2019[5] - Customer loans and advances totaled CNY 18,443,307 million, reflecting a growth of 10.03% year-over-year[5] - Customer deposits reached CNY 25,585,348 million, reflecting an increase of 11.35% year-over-year[5] - Total liabilities increased to RMB 28,996,857 million from RMB 25,840,039 million, marking a rise of 8.34% year-on-year[44] - Total assets reached CNY 33,471.851 billion, an increase of 11.17% compared to the end of the previous year[22] Shareholder Information - The total number of ordinary shareholders as of September 30, 2020, was 719,597, with A-share shareholders accounting for 601,756[9] - The top two shareholders, Central Huijin Investment Ltd. and the Ministry of Finance of the People's Republic of China, held 34.71% and 31.14% of A-shares, respectively[9] - The major shareholder, Ping An Asset Management Co., holds 12,168,809,000 H shares, representing 14.02% of H shares and 3.41% of total ordinary shares[13] - The Ministry of Finance of the People's Republic of China holds 110,984,806,678 A shares, accounting for 41.16% of A shares and 31.14% of total ordinary shares[12] Income and Expenses - Interest income was CNY 462.818 billion, a growth of 2.13%, while non-interest income was CNY 202.875 billion, increasing by 4.68%[22] - The bank's operating expenses for the first nine months of 2020 totaled RMB 381,996 million, compared to RMB 334,844 million in the same period of 2019, an increase of 14.1%[38] - The bank's fee and commission income for the first nine months of 2020 was RMB 129,840 million, compared to RMB 119,847 million in the same period of 2019, reflecting an increase of 8.34%[45] Capital and Ratios - The capital adequacy ratio stood at 16.47%, meeting regulatory requirements[23] - As of September 30, 2020, the core tier 1 capital adequacy ratio was 12.84%, a decrease from 13.20% at the end of 2019[50] - The total capital adequacy ratio was 16.47%, slightly down from 16.77% at the end of 2019[50] - The leverage ratio increased to 7.85% from 7.69% in the previous quarter, but decreased from 8.31% at the end of 2019[51] Cash Flow - Net cash flow from operating activities increased to RMB 2,020,442 million, up from RMB 1,208,221 million year-on-year, representing a growth of 67%[42] - The net cash flow from financing activities was negative at RMB 29,469 million, a decrease from a positive cash flow of RMB 146,769 million in the previous year[48] - The total cash inflow from interest, fees, and commissions was RMB 744,292 million, slightly up from RMB 723,714 million in the previous year, showing a growth of 2.4%[47] Non-Performing Loans - Non-performing loan balance was CNY 285.461 billion, with a non-performing loan ratio of 1.55%, up 0.12 percentage points[23] - The non-performing loan ratio stood at 1.49% as of September 2020, slightly up from 1.43% at the end of 2019[38]