2023-10-27 16:00Financial Performance - Operating revenue for Q3 2023 was RMB 203.774 billion, a decrease of 6.08% compared to RMB 216.962 billion in Q3 2022[1] - Net profit attributable to shareholders of the parent company for Q3 2023 was RMB 94.929 billion, a slight increase of 0.03% from RMB 94.896 billion in Q3 2022[1] - The company reported a net profit of RMB 268.673 billion for the first nine months of 2023, a slight increase of 0.79% from RMB 266.566 billion in the same period of 2022[1] - For the first three quarters of 2023, the net profit reached RMB 269.93 billion, a year-on-year increase of 0.81%[79] - Net profit for the first nine months of 2023 was RMB 252,360 million, a slight increase from RMB 248,106 million in the same period of 2022, representing a growth of 0.9%[105] Assets and Liabilities - Total assets as of September 30, 2023, reached RMB 44.482 trillion, representing a year-on-year increase of 12.30%[19] - Total liabilities reached CNY 40,806.945 billion, an increase of CNY 4,712.218 billion, or 13.06% compared to the end of the previous year[32] - Total equity increased to CNY 3,675.878 billion, reflecting a rise of CNY 160.459 billion, or 4.56% from the previous year[32] - The total liabilities as of September 30, 2023, amounted to RMB 38,952,250 million, an increase from RMB 34,393,656 million at the end of 2022, representing a growth of 13.5%[68] - The adjusted on-balance and off-balance sheet asset balance reached RMB 47,246,121 million, an increase from RMB 41,780,554 million in December 2022[119] Customer Deposits and Loans - Customer deposits amounted to CNY 33,980.826 billion, up CNY 4,110.335 billion, representing a growth of 13.76%[32] - Total customer loans and advances (excluding accrued interest) amounted to RMB 257,822.54 billion, up RMB 25,718.78 billion, or 11.08% year-over-year[52] - The bank's total customer deposits were RMB 33,980,826 million, reflecting a significant increase[59] - Total customer deposits increased to RMB 33,033,714 million as of September 30, 2023, compared to RMB 28,986,751 million at the end of 2022, reflecting a growth of 14.1%[68] - Customer deposits net amount reached RMB 3,953,285 million, compared to RMB 3,381,419 million in the previous year, reflecting a growth of 16.9%[112] Income and Expenses - Net interest income for the first nine months of 2023 was RMB 501.526 billion, compared to RMB 526.350 billion in the same period of 2022, reflecting a decrease[6] - Interest income for the first nine months of 2023 was RMB 991,470 million, compared to RMB 909,979 million in the same period of 2022, indicating an increase of 8.9%[70] - Non-interest income increased by 0.59% to RMB 149.742 billion, with net commission and fee income declining by 6.07% to RMB 99.231 billion[79] - The total interest income from financial investments was RMB 233,542 million, up from RMB 205,738 million in the previous year, showing an increase of 13.5%[105] Cash Flow - The net cash flow from operating activities was CNY 1,909.119 million, showing a year-on-year increase of 3.61%[39] - Cash inflow from financing activities for the first nine months of 2023 was RMB 134,063 million, a significant improvement from a cash outflow of RMB 42,813 million in the same period of 2022[65] - The net cash flow from operating activities for the first nine months of 2023 was RMB 1,909,119 million, an increase from RMB 1,842,551 million in the same period of 2022, reflecting a growth of approximately 3.6%[95] - The total cash flow from operating activities increased by RMB 107,606 million compared to the previous year, reflecting a positive trend in operational efficiency[112] Capital Adequacy and Ratios - The core Tier 1 capital adequacy ratio stood at 13.39%, meeting regulatory requirements[11] - The total capital adequacy ratio stands at 18.79%, compared to 19.26% in December 2022[119] - The leverage ratio is reported at 7.70%, slightly decreased from 8.05% in March 2023[119] - The liquidity coverage ratio is reported at 123.03%[120] Dividends and Shareholder Information - The company distributed cash dividends of CNY 1,081.69 billion for the year 2022, with a dividend of CNY 3.035 per 10 shares[34] - The proposed dividend for "ICBC Preferred 1" is RMB 20.61 billion, with a dividend rate of 4.58%[55] - The total dividend distribution for "ICBC Preferred 2" was RMB 2.94 billion, with a coupon rate of 4.2%[82] - The total number of ordinary shareholders was 668,420, with 559,736 A-share shareholders and 108,684 H-share shareholders[43] Impairment and Provisions - The provision for various asset impairment losses was RMB 147.815 billion, a decrease of 12.86% year-on-year, with loan impairment losses increasing by 2.04% to RMB 133.144 billion[79] - The company reported a decrease in impairment losses from RMB 165,729 million in 2022 to RMB 145,898 million in 2023, a reduction of 12.0%[105] Other Financial Metrics - The annualized average total asset return rate was 0.86%, and the annualized weighted average return on equity was 10.56%, down by 0.10 and 0.76 percentage points respectively[79] - The weighted average return on net assets (annualized) was 10.63%, down by 0.90 percentage points compared to the previous quarter[39] - Basic and diluted earnings per share for the first nine months of 2023 were both RMB 0.24, unchanged from the same period in 2022[89]