2022-10-28 16:00Financial Performance - In Q3 2022, the operating income was RMB 224,122 million, a decrease of 8.26% compared to Q3 2021[3] - The net profit attributable to shareholders of the parent company for Q3 2022 was RMB 94,316 million, an increase of 6.76% year-on-year[3] - The basic earnings per share for Q3 2022 was RMB 0.24, reflecting a growth of 4.35% compared to the same period last year[3] - The net profit for the first three quarters of 2022 reached CNY 266.51 billion, representing a year-on-year growth of 5.20%[16] - Total operating income was CNY 711.39 billion, a slight decrease of 0.10% year-on-year[17] - The bank's total comprehensive income for the nine months ended September 30, 2022, was RMB 269,950 million, compared to RMB 253,222 million in the same period of 2021, reflecting an increase of 6.7%[24] - The net profit for the nine months ended September 30, 2022, was RMB 266,510 million, compared to RMB 253,330 million in the same period of 2021, reflecting a year-on-year increase of 5.2%[22] Assets and Liabilities - Total assets as of September 30, 2022, reached RMB 39,550,661 million, an increase of 12.45% from the end of 2021[4] - Total assets amounted to CNY 39,550.66 billion, an increase of 12.45% compared to the end of the previous year[17] - The total liabilities increased by 13.25% to CNY 36,121.66 billion[17] - The total liabilities as of September 30, 2022, were RMB 34,405,122 million, an increase from RMB 30,297,602 million as of December 31, 2021, representing a growth of approximately 13.9%[31] - The bank's equity attributable to shareholders reached RMB 3,409.85 billion, up from RMB 3,257.76 billion year-over-year[21] Customer Loans and Deposits - Customer loans and advances totaled CNY 22,909.75 billion, up by 10.85% year-on-year[17] - Customer loans and advances amounted to RMB 22,302.45 billion, up from RMB 20,109.20 billion year-over-year[20] - Customer loans and advances reached RMB 21,428,331 million as of September 30, 2022, compared to RMB 19,310,688 million at the end of 2021, marking an increase of approximately 10.9%[30] - Customer deposits rose by 13.80% to CNY 30,091.50 billion[17] - Customer deposits increased to RMB 30,091.50 billion, compared to RMB 26,441.77 billion at the end of 2021[21] - The bank's customer deposits net increase for the nine months ended September 30, 2022, was RMB 3,414,138 million, significantly higher than RMB 1,641,353 million in the same period of 2021[26] Capital and Regulatory Compliance - The core Tier 1 capital adequacy ratio stood at 13.68%, meeting regulatory requirements[17] - As of September 30, 2022, the core tier 1 capital adequacy ratio was 13.68%, an increase from 13.31% at the end of 2021, reflecting improved capital strength[39] - The bank received approval from the China Banking and Insurance Regulatory Commission to issue up to RMB 200 billion in Tier 2 capital bonds in the interbank bond market[18] - The bank plans to issue up to RMB 130 billion in perpetual bonds to supplement its other Tier 1 capital, pending shareholder and regulatory approvals[18] Cash Flow - The net cash flow from operating activities for the first nine months of 2022 was RMB 1,842,551 million, a significant increase of 90.65% year-on-year[5] - The operating cash flow for the nine months ended September 30, 2022, was RMB 1,842,551 million, compared to RMB 966,450 million in the same period of 2021, showing an increase of 90.5%[26] - The net cash flow from operating activities increased significantly to RMB 1,727,634 million for the nine months ended September 30, 2022, up from RMB 721,998 million in the same period of 2021, representing an increase of 139.5%[37] - The net cash flow from financing activities for the nine months ended September 30, 2022, was a negative RMB 30,718 million, slightly worse than the negative RMB 28,680 million recorded in the same period of 2021[36] Investment and Income - Net interest income increased by 3.22% to CNY 527.60 billion, with an annualized net interest yield of 1.98%[17] - The bank's net investment income for the nine months ended September 30, 2022, was RMB 33,468 million for the nine months ended September 30, 2022, compared to RMB 26,420 million in the same period of 2021, indicating a growth of 26.5%[22] - The bank's investment income for the nine months ended September 30, 2022, was RMB 22,569 million, compared to RMB 16,523 million in the same period of 2021, representing an increase of 36.5%[32] Shareholder Information - The total number of ordinary shareholders as of the report date was 724,107, with 613,011 being A-share shareholders[8] - The largest shareholder, Central Huijin Investment Ltd., held 34.71% of A-shares as of September 30, 2022[9] - The bank distributed cash dividends totaling approximately RMB 104.53 billion to shareholders for the fiscal year 2021, with a dividend of RMB 2.933 per 10 shares[19] - The bank plans to distribute dividends for "工行优 1" with a proposed dividend rate of 4.58%, totaling RMB 2.061 billion, scheduled for November 23, 2022[19]