2023-10-27 16:00Financial Performance - Net profit for Q3 2023 was RMB 26,128 million, a 2.38% increase compared to Q3 2022[7] - Net profit attributable to shareholders was CNY 75.655 billion, a year-on-year increase of 2.45%[15] - Operating income reached CNY 260.122 billion, growing 1.24% year-on-year[15] - The bank reported a total profit of RMB 27,757 million for the third quarter of 2023, a decrease of 1.8% from RMB 29,337 million in the same quarter of 2022[36] - The bank's total comprehensive income for the nine months ended September 30, 2023, was RMB 74,748 million, an increase from RMB 68,726 million in the same period of 2022[36] Assets and Liabilities - Total assets reached RMB 15,315,359 million, an increase of 8.87% compared to the end of 2022[6] - The bank's total liabilities amounted to CNY 143,998.85 billion, an increase of CNY 11,584.17 billion or 8.75% year-on-year[25] - The bank's total assets reached CNY 15,315.359 billion as of September 30, 2023, compared to CNY 14,067.282 billion at the end of 2022[32] - The bank's total liabilities amounted to CNY 14,399.885 billion as of September 30, 2023, an increase from CNY 13,241.468 billion at the end of 2022[32] Customer Loans and Deposits - Total customer loans amounted to RMB 8,020,496 million, reflecting an 11.23% growth year-on-year[6] - Customer deposits totaled RMB 13,493,122 million, up by 6.12% from the end of 2022[6] - Customer loans exceeded CNY 8 trillion, reaching CNY 8.02 trillion, a growth of 11.23% year-on-year[14] - Customer deposits amounted to CNY 13.49 trillion, reflecting a 6.12% increase from the previous year[14] Equity and Earnings - The bank's equity attributable to shareholders reached RMB 913,774 million, marking a 10.86% increase year-on-year[6] - The bank's total equity reached CNY 9,154.74 billion, an increase of CNY 896.60 billion or 10.86% compared to the previous year[26] - Basic and diluted earnings per share for Q3 2023 were RMB 0.26, a decrease of 10.34% compared to the same period last year[7] - The bank's basic and diluted earnings per share for the nine months ended September 30, 2023, were RMB 0.73, unchanged from the same period in 2022[34] Cash Flow and Investments - The net cash flow from operating activities was negative RMB 28,418 million, a significant decline from RMB 129,214 million in the same period last year[9] - The total cash inflow from financing activities for the nine months ended September 30, 2023, was RMB 487,030 million, significantly higher than RMB 70,000 million in the same period of 2022[38] - The net cash flow from investing activities was negative RMB 287,877 million for the nine months ended September 30, 2023, compared to negative RMB 247,409 million in the same period of 2022[38] Asset Quality - Non-performing loan ratio stood at 0.81%, a decrease of 0.03 percentage points from the previous year[15] - The bank's credit impairment losses decreased by CNY 103.09 billion or 32.77% year-on-year, indicating improved asset quality[23] - As of the end of Q3 2023, the bank's non-performing loan balance was CNY 64.661 billion, an increase of CNY 3.925 billion from the end of the previous year, with a non-performing loan ratio of 0.81%, down 0.03 percentage points[27] Capital Adequacy - The bank's core Tier 1 capital adequacy ratio was 9.46%, up 0.10 percentage points from the end of the previous year, while the total capital adequacy ratio was 13.83%, up 0.01 percentage points[27] - The core Tier 1 capital adequacy ratio as of September 30, 2023, was 9.46%, an increase from 9.36% as of December 31, 2022[39] Dividends and Capital Raising - The bank distributed cash dividends totaling approximately CNY 25.574 billion to shareholders based on a distribution plan approved at the 2022 annual general meeting[29] - The bank issued CNY 30 billion of loss-absorbing capital bonds in October 2023 to supplement other Tier 1 capital, approved by regulatory authorities[29] Customer Base and Services - The number of specialized and innovative enterprise clients served reached 65,100, with loans exceeding CNY 300 billion[13] - The bank's personal customer AUM reached CNY 14.71 trillion, an increase of nearly CNY 830 billion, with VIP customers growing by 6.75%[17]