2022-10-26 16:00Financial Performance - The net profit attributable to shareholders of the bank for the first nine months of 2022 was RMB 738.49 billion, a growth of 14.48% compared to the same period in 2021[4]. - The bank's operating income for the first nine months of 2022 was RMB 256.93 billion, reflecting a year-on-year growth of 7.79%[8]. - Net profit reached CNY 73.94 billion, reflecting a year-on-year growth of 14.05%[34]. - The bank reported a total profit of RMB 82,578 million for the first nine months of 2022, up from RMB 72,337 million in the same period of 2021, representing a growth of about 14.5%[51]. - The bank's investment income for the first nine months of 2022 was RMB 16,954 million, compared to RMB 10,980 million in the same period of 2021, indicating a significant increase of approximately 54.5%[51]. Asset and Liability Management - The total assets of Postal Savings Bank of China increased to RMB 13.52 trillion as of September 30, 2022, representing a growth of 7.43% compared to the end of 2021[5]. - Total liabilities amounted to CNY 12.71 trillion, up 7.74% from the previous year[19]. - Total equity reached RMB 818.007 billion, an increase of RMB 22.458 billion or 2.82% compared to the end of the previous year[42]. - The total assets adjusted for leverage as of September 30, 2022, were RMB 14,071,223 million, with a leverage ratio of 5.79%[79]. Loan and Deposit Growth - The total customer loans reached RMB 7.15 trillion, reflecting a year-on-year increase of 10.81%[7]. - Customer deposits totaled RMB 12.27 trillion, marking an 8.02% increase from the end of 2021[5]. - The bank's corporate loan balance reached 2.592309 trillion yuan, an increase of 338.373 billion yuan, reflecting a growth rate of 15.01%[26]. - The balance of personal microloans reached 1.13 trillion yuan, increasing by 210.505 billion yuan year-on-year[25]. - The net increase in customer deposits and interbank deposits was RMB 849,998 million, compared to RMB 655,658 million in the same period of 2021, showing strong growth in deposits[76]. Asset Quality - The non-performing loan ratio slightly increased to 0.83% as of September 30, 2022, up by 0.01 percentage points from the end of 2021[2]. - The bank's non-performing loan ratio stands at 0.83%, indicating strong asset quality and positioning it among industry leaders[20]. - Non-performing loan balance stood at RMB 58.899 billion, an increase of RMB 6.214 billion, with a non-performing loan ratio of 0.83%, unchanged from the previous quarter[43]. - The annualized non-performing loan generation rate was 10.77%, up 0.21 percentage points from the same period last year[43]. Income Sources - Net income from fees and commissions reached 23.639 billion yuan, a year-on-year increase of 40.30%, accounting for 9.20% of total operating income, up 2.13 percentage points[20]. - Net interest income was CNY 205.44 billion, up 2.27% year-on-year, with a net interest margin of 2.23%[35]. - Fee and commission income increased to CNY 23.64 billion, a significant rise of 40.30% year-on-year[36]. Capital and Dividends - The bank distributed cash dividends of RMB 22.856 billion to shareholders, with a per-share dividend of RMB 0.2474[45]. - The bank plans to raise up to RMB 45 billion through a private placement of A-shares to strengthen its core Tier 1 capital[45]. Operational Efficiency - The bank's total operating expenses for the first nine months of 2022 were RMB 174,461 million, compared to RMB 166,054 million in the same period of 2021, reflecting an increase of about 5.3%[51]. - The company launched 239 technology projects, enhancing digital capabilities and operational efficiency[32]. Customer Base and Services - The number of corporate customers reached 1,151,408, while the number of individual customers was 824,948,079 as of the reporting date[81]. - The bank's VIP customer base grew to 46.707 million, a year-on-year increase of 9.56%[22]. - The bank has established 362,000 credit villages and 6.3435 million credit users, enhancing its rural credit system[23]. Cash Flow - The net cash flow from operating activities was RMB 129.21 billion, significantly improved from a negative cash flow of RMB 49.79 billion in the same period last year[10]. - The total cash inflow from investment activities was RMB 1,071,994 million, while cash outflow was RMB 1,319,403 million, resulting in a net cash flow from investment activities of RMB (247,409) million[77]. - The net cash flow from financing activities was RMB (36,674) million, a decrease from RMB 89,686 million in the same period of the previous year[78].