2019-10-30 16:00Financial Performance - Net profit for the reporting period was RMB 49,804 million, reflecting a year-on-year growth of 5.58%[4] - Operating income for the period was RMB 139,600 million, up 11.95% year-on-year[4] - Basic earnings per share for the reporting period was RMB 0.14, an increase of 3.39% compared to the same period last year[4] - The group achieved a net profit of RMB 171.25 billion for the first three quarters of 2019, representing a year-on-year growth of 5.22%[14] - Total comprehensive income for Q3 2019 was RMB 61.1 billion, slightly down from RMB 63.4 billion in Q3 2018[27] - Net profit attributable to shareholders of the parent company for Q3 2019 was RMB 49.8 billion, compared to RMB 47.2 billion in Q3 2018, reflecting a growth of 5.5%[26] Assets and Liabilities - Total assets reached RMB 22,608,164 million, an increase of 6.30% compared to the end of the previous year[4] - The bank's total liabilities as of September 30, 2019, were 20.62 trillion RMB, compared to 19.54 trillion RMB at the end of 2018[25] - Customer deposits totaled RMB 15,772.55 billion, an increase of RMB 888.95 billion or 5.97% year-on-year[16] - Customer loans amounted to RMB 12,888.49 billion, up by RMB 1,069.22 billion or 9.05% from the previous year[16] - The bank's financial investments increased to 5.49 trillion RMB as of September 30, 2019, compared to 5.05 trillion RMB at the end of 2018[24] Equity and Shareholder Information - The total equity attributable to shareholders of the parent company was RMB 1,866,315 million, a 15.71% increase from the previous year[4] - The bank's equity attributable to shareholders reached 1.87 trillion RMB as of September 30, 2019, compared to 1.61 trillion RMB at the end of 2018[25] - The number of ordinary shareholders as of September 30, 2019, was 713,108, including 527,541 A-share shareholders and 185,567 H-share shareholders[9] - The top shareholder, Central Huijin Investment Ltd., held 64.02% of the shares[10] Income Sources - Net interest income increased to RMB 277.82 billion, up by RMB 13.51 billion or 5.11% year-on-year, with a net interest margin of 1.84%, down 0.05 percentage points[15] - Non-interest income rose to RMB 138.51 billion, an increase of RMB 26.68 billion or 23.85%, accounting for 33.27% of total revenue, up 3.54 percentage points[15] - The bank's net fee and commission income for the first nine months of 2019 was RMB 71.6 billion, an increase of 4.5% from RMB 68.5 billion in the same period of 2018[26] - Investment income from associates and joint ventures for Q3 2019 was RMB 7.8 billion, compared to RMB 4.1 billion in Q3 2018[26] Cash Flow and Liquidity - The bank reported a net cash flow from operating activities of RMB (560,727) million for the year-to-date[4] - The cash inflow from operating activities totaled RMB 1,478.384 billion, down 33.2% from RMB 2,213.106 billion year-on-year[28] - The net cash flow from investing activities was RMB -152.955 billion, an improvement from RMB -231.443 billion in the same period of 2018[29] - The cash inflow from financing activities increased to RMB 738.996 billion, up 57.2% from RMB 470.646 billion in 2018[29] - The total cash and cash equivalents at the end of the period were RMB 1,255.873 billion, down from RMB 1,410.937 billion in the same period of 2018[29] Risk and Capital Adequacy - The return on equity (ROE) was 9.96%, a decrease of 0.67 percentage points year-on-year[4] - The core Tier 1 capital adequacy ratio stood at 11.24%[14] - The leverage ratio for the Bank of China Group was 7.57% as of September 30, 2019, an increase from 7.22% at the end of 2018[31] - The liquidity coverage ratio averaged 134.76% in Q3 2019, a decrease of 3.19 percentage points from the previous quarter[33] - The non-performing loan ratio improved to 1.37%, a decrease of 0.05 percentage points from the end of the previous year[15] Other Financial Metrics - Non-recurring gains and losses totaled RMB 285 million for the reporting period[6] - The bank redeemed all overseas preferred shares amounting to approximately $6.4998 billion (about 39.94 billion RMB) on October 23, 2019[20] - The total dividend distribution for overseas preferred shares was approximately $439 million (after tax) with a dividend rate of 6.75% (after tax) approved on August 30, 2019[22] - The cash received from investment recoveries was RMB 2,083.004 billion, an increase of 18.9% from RMB 1,752.064 billion in 2018[29]