2023-10-30 16:00Financial Performance - The bank reported operating income of RMB 151.42 billion for Q3 2023, a 3.40% increase compared to RMB 146.44 billion in the same period last year[5]. - Net profit for Q3 2023 was RMB 58.82 billion, reflecting a 4.01% increase from RMB 56.55 billion year-over-year[5]. - The net profit attributable to shareholders of the parent company was RMB 54.76 billion, up 3.30% from RMB 53.02 billion in the previous year[5]. - For the first three quarters of 2023, the group achieved a net profit of RMB 186.50 billion, with a year-on-year growth of 3.55%[27]. - The net profit attributable to the parent company was RMB 174.86 billion, reflecting a year-on-year increase of 1.56%[27]. - The total profit for Q3 2023 was 68,695 million, slightly higher than 68,545 million in Q3 2022, indicating a growth of 0.2%[86]. Assets and Liabilities - The bank's total assets reached RMB 31.76 trillion, a 9.94% increase from RMB 28.91 trillion at the end of the previous year[5]. - The total assets of the group amounted to RMB 31,764.82 billion, a year-on-year increase of 9.94%[30]. - The total liabilities increased by 10.42% year-on-year, reaching RMB 29,074.71 billion[30]. - Total liabilities as of September 30, 2023, amounted to 29,074,713 million, up from 26,330,247 million at the end of 2022, marking an increase of 10.5%[87]. Equity and Capital - The bank's total equity attributable to shareholders of the parent company was RMB 2.57 trillion, a 5.84% increase from RMB 2.43 trillion at the end of the previous year[5]. - The total equity attributable to shareholders increased to 2,565,509 million as of September 30, 2023, from 2,423,973 million at the end of 2022, representing a growth of 5.8%[87]. - The core Tier 1 capital adequacy ratio stood at 11.41%, down from 11.84% at the end of the previous year[45]. Income Sources - The bank achieved a net interest income of RMB 352.97 billion, an increase of 3.21% year-over-year[14]. - Non-interest income reached RMB 117.65 billion, an increase of RMB 20.02 billion or 20.50% year-on-year, accounting for 25.00% of total operating income[28]. - The commission and fee income for the first nine months of 2023 was 73,310 million, compared to 69,439 million in the same period of 2022, showing an increase of 5.0%[86]. Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months of 2023 was RMB 486.16 billion, a significant improvement from a net outflow of RMB 324.86 billion in the same period last year[7]. - The total cash and cash equivalents at the end of Q3 2023 amount to 2,300,981 million RMB, an increase from 1,774,427 million RMB at the end of Q3 2022[77]. - The net cash inflow from financing activities for Q3 2023 is -24,791 million RMB, compared to -86,788 million RMB in Q3 2022[77]. - The liquidity coverage ratio (LCR) for Q3 2023 is 127.93%, a decrease of 3.06 percentage points from the previous quarter's average of 130.99%[82]. Operational Efficiency - The group's operating expenses amounted to RMB 126.979 billion, reflecting an increase of RMB 8.272 billion or 6.97% year-on-year, with a cost-to-income ratio of 26.98%[51]. - The return on equity (ROE) decreased to 9.82%, down 0.56 percentage points from the previous year[5]. Dividend and Shareholder Returns - The group declared a cash dividend of RMB 2.32 per 10 shares, totaling RMB 68.30 billion[32]. - The total amount of dividends distributed for the fourth phase of domestic preferred shares was RMB 1.1745 billion, with a dividend rate of 4.35%[55]. Future Outlook - The group plans to continue expanding its market presence and enhancing its product offerings in the upcoming quarters[68].