2020-10-29 16:00Financial Performance - Net profit for Q3 2020 was RMB 19,222 million, up 13.59% compared to Q3 2019[5] - The bank's net profit attributable to shareholders was RMB 19,186 million, representing a 13.48% increase year-on-year[5] - The company achieved a net profit of RMB 52.895 billion, a year-on-year decrease of 2.67%[16] - Total operating income reached RMB 216.263 billion, representing a year-on-year growth of 2.80%[16] - The bank's operating profit for Q3 2020 was RMB 21,052 million, up from RMB 17,437 million in Q3 2019, reflecting a growth of 20.5%[30] - Total operating income for the first nine months of 2020 reached RMB 57,370 million, a decrease of 2.67% from RMB 58,946 million in the same period of 2019[30] - The bank's earnings per share for the first nine months of 2020 was RMB 0.58, compared to RMB 0.64 in the same period of 2019, indicating a decrease of 9.38%[33] Assets and Liabilities - Total assets reached RMB 11,133,942 million, an increase of 8.98% compared to the end of 2019[4] - The total liabilities stood at RMB 10,475,700 million, an increase of 8.31% from the previous year[4] - The total amount of loans and advances reached RMB 5,652.101 billion, growing by 13.63% year-on-year[17] - The bank's total assets increased to RMB 8,000 billion as of September 30, 2020, compared to RMB 7,500 billion at the end of 2019, reflecting a growth of 6.67%[34] - The total liabilities of the bank reached RMB 10,475,700 million as of September 30, 2020, compared to RMB 9,671,827 million at the end of 2019, indicating a year-on-year increase of about 8.3%[27] Customer Deposits and Loans - Customer deposits reached RMB 10,006,331 million, showing a growth of 7.43% compared to the end of 2019[4] - The bank's customer deposits increased to RMB 10,006,331 million as of September 30, 2020, compared to RMB 9,314,066 million at the end of 2019, representing a growth of approximately 7.4%[27] - The bank's customer deposits increased by RMB 721,662 million in the first nine months of 2020, compared to RMB 497,953 million in the same period of 2019, showing a growth of 44.9%[34] Capital and Ratios - The core Tier 1 capital adequacy ratio stood at 9.51%, meeting regulatory requirements[18] - The core tier 1 capital adequacy ratio stood at 9.51%, slightly down from 9.90% in the previous year[36] - The leverage ratio was reported at 5.64% as of September 30, 2020, up from 5.06% at the end of 2019[37] - The liquidity coverage ratio decreased to 185.43% from 233.84% at the end of 2019[38] Dividends and Shareholder Information - A cash dividend of RMB 2.102 per 10 shares was distributed, totaling approximately RMB 18.283 billion[22] - The company paid out USD 362.5 million in dividends to overseas preferred shareholders, with a dividend rate of 4.50%[23] - The number of ordinary shareholders reached 277,059, including 274,293 A-share shareholders and 2,766 H-share shareholders[7] - The top shareholder, China Post Group Corporation, holds 65.25% of the shares, totaling 56,752,833,873 shares[8] Income and Expenses - Net interest income increased to RMB 186.403 billion, up 4.03% year-on-year, with a net interest margin of 2.35%[16] - The bank's net interest income for the first nine months of 2020 was RMB 186,403 million, up from RMB 179,180 million in the same period of 2019, reflecting a growth of approximately 12.4%[28] - The bank's interest expense for the first nine months of 2020 was RMB 120,061 million, up from RMB 109,827 million in the same period of 2019, indicating an increase of approximately 9.1%[28] - The bank's net fee and commission income for the first nine months of 2020 was RMB 14,952 million, an increase from RMB 13,448 million in the same period of 2019, showing a growth of about 11.2%[28] - The bank's operating expenses for the first nine months of 2020 were RMB 159,407 million, an increase of 4.8% from RMB 152,673 million in the same period of 2019[30] Cash Flow - The total cash inflow from operating activities for the first nine months of 2020 was RMB 1,037,870 million, compared to RMB 932,641 million in the same period of 2019, marking an increase of 11.3%[34] - The net cash flow from operating activities for Q3 2020 was RMB 23,559 million, a significant improvement from RMB 86,570 million in Q3 2019[34] - The net cash inflow from financing activities amounted to RMB 57,684 million, a significant increase from RMB 6,059 million in the same period last year[35] - The total cash inflow from financing activities reached RMB 143,263 million, compared to RMB 52,546 million in the previous year[35] Impairment and Losses - The bank's non-performing loan (NPL) ratio remained stable, with provisions for loan impairment increasing by 20.32% to RMB 199,877 million[4] - The non-performing loan balance was RMB 49.762 billion, with a non-performing loan ratio of 0.88%[18] - The bank's credit impairment losses decreased to RMB 6,975 million in Q3 2020 from RMB 12,165 million in Q3 2019, indicating a reduction of 42.5%[30]