2022-10-28 16:00Financial Performance - Total operating income for Q3 2022 reached RMB 38.824 billion, a year-on-year increase of 2.17%[9] - Net profit attributable to shareholders for the first three quarters of 2022 was RMB 36.763 billion, up 4.30% year-on-year[9] - The bank's net profit margin for Q3 2022 was 11.11%, a decrease of 0.13 percentage points compared to the same period last year[9] - The bank's basic earnings per share for the first three quarters was RMB 0.59, reflecting a 5.36% increase year-on-year[9] - Net profit for the first three quarters was RMB 367.63 billion, an increase of RMB 15.16 billion or 4.30% year-on-year[20] - Net interest income was RMB 852.18 billion, up RMB 12.24 billion or 1.46% year-on-year[21] - The total comprehensive income for the group was RMB 35,289 million, a decrease from RMB 36,979 million in the same period of 2021[46] - The basic earnings per share for the group was RMB 0.59, compared to RMB 0.56 in the previous year[46] - The net profit for the three months ended September 30, 2022, was RMB 13,317 million, compared to RMB 12,724 million in the same period of 2021[47] Asset and Liability Management - The bank's total assets as of September 30, 2022, amounted to RMB 6,264.636 billion, representing a 6.14% increase from the end of 2021[10] - Total assets reached RMB 62,646.36 billion, an increase of RMB 3,625.67 billion or 6.14% compared to the end of the previous year[18] - Customer deposits totaled RMB 39,795.17 billion, increasing by RMB 3,037.74 billion or 8.26%, representing 69.08% of total liabilities[19] - The total liabilities of the bank reached RMB 5,760.672 million as of September 30, 2022, compared to RMB 5,417.703 million at the end of 2021, indicating an increase of about 6.31%[42] - The bank's total equity as of September 30, 2022, was RMB 503.964 million, up from RMB 484.366 million at the end of 2021, reflecting a growth of approximately 4.06%[43] Loan and Deposit Growth - Total loans and advances amounted to RMB 35,646.34 billion, up RMB 2,573.30 billion or 7.78%, accounting for 56.90% of total assets[18] - The bank's focus on supporting small and micro enterprises and new citizens led to a 7.57% increase in retail loans, totaling RMB 10,573.38 billion[18] - Corporate loans (including discounts) reached 2.047631 trillion yuan, an increase of 171.077 billion yuan, growing by 9.12%[23] - Retail loans (excluding credit cards) totaled 1.057338 trillion yuan, up by 74.374 billion yuan, a growth of 7.57%[24] - Inclusive loans amounted to 302.524 billion yuan, increasing by 65.523 billion yuan, a growth of 27.65%, surpassing the average growth rate of all loans by 21.04 percentage points[25] Risk Management - The bank's risk management framework has been enhanced to improve risk response capabilities, particularly in the real estate sector, adhering to the principle of "housing for living, not for speculation"[7] - Non-performing loan ratio remained stable, with credit impairment losses decreasing by RMB 27.22 billion or 6.27% year-on-year to RMB 407.24 billion[22] - The total non-performing loans amounted to 44.188 billion yuan, an increase of 2.822 billion yuan from the end of the previous year, with a non-performing loan ratio of 1.24%, down by 0.01 percentage points[23] - The bank's non-performing loan ratio remains stable, reflecting effective risk management strategies in place[39] Technology and Innovation - The bank's technology investment reached RMB 3.729 billion, an increase of 24.26% year-on-year, with a total of 3,030 technology personnel, up by 669 from the previous year[8] - The company has developed a unique financial ecosystem service system, including multiple digital products such as Guangfutong and Guangxintong, enhancing its service capabilities for over 8.4 million logistics users[31] - The company has established an intelligent anti-fraud system for risk control, providing automated approval and intelligent warning capabilities throughout the loan process[31] - The company has developed an enterprise-level RPA automation platform, covering over 180 application scenarios across various operational processes[31] Customer Engagement and Service - The number of retail customers (including debit and credit card customers) reached 149.2034 million, an increase of 6.54% from the previous year[29] - The monthly active users of the mobile banking app reached 19.1457 million, a year-on-year growth of 22.95%[30] - The number of projects connected to the payment platform reached 14,087, an increase of 14.87% from the end of the previous year[30] - The company is focused on expanding its digital financial services and enhancing its data platform capabilities to improve service efficiency[31] - The company has established partnerships with leading logistics companies to enhance its service offerings in the logistics sector[31] Capital Management - The capital adequacy ratio was 12.97% as of September 30, 2022, compared to 13.37% at the end of the previous year[14] - The liquidity coverage ratio was 112.05% as of September 30, 2022, down from 136.39% at the end of the previous year[16] - The bank issued preferred shares amounting to RMB 2.971 billion (pre-tax) and paid interest on perpetual bonds of RMB 1.840 billion (pre-tax) during the reporting period[10] - The bank issued a total of RMB 450 billion in secondary capital bonds in August 2022, with a 10-year fixed-rate bond of RMB 400 billion at a coupon rate of 3.10% and a 15-year fixed-rate bond of RMB 50 billion at a coupon rate of 3.35%[39] - The bank issued 45 billion yuan in secondary capital bonds, enhancing its capital adequacy ratio to 12.97% and net capital increased by 25.42 billion yuan, a growth of 4.52%[23]