QRCB(002958)2023-10-27 16:00Capital Adequacy and Risk Management - As of September 30, 2023, the core tier 1 capital adequacy ratio is 10.09%, up from 9.77% at the end of 2022[9] - The total capital adequacy ratio is 13.38%, slightly up from 13.18% at the end of 2022[9] - The liquidity coverage ratio stands at 226.67%, significantly above the regulatory requirement of 100%[11] - The provision coverage ratio is 232.29%, indicating strong risk management practices[9] - The bank's leverage ratio is 7.61%, an increase from 7.40% in the previous quarter[11] Asset Quality - The non-performing loan ratio decreased to 1.89% from 2.19% at the end of 2022[9] - The non-performing loan ratio was 1.89% as of September 30, 2023, down from 2.19% at the end of 2022[26] Financial Performance - Operating revenue for Q3 2023 was 2,637,112 thousand yuan, a decrease of 1.88% year-over-year[20] - Net profit for Q3 2023 reached 1,166,273 thousand yuan, reflecting a growth of 10.14% compared to the same period last year[20] - The total profit for the first nine months of 2023 was 3,159,284 thousand yuan, an increase of 6.96% year-over-year[20] - The weighted average return on equity (ROE) for Q3 2023 was 14.00%, up by 0.32 percentage points from the previous year[20] - The net profit attributable to shareholders of the parent company for the first nine months of 2023 was RMB 3,069,587 thousand, up from RMB 2,785,645 thousand in the same period of 2022, representing a growth of approximately 10.2%[45] - The total profit for the nine months was CNY 3,159,284 thousand, reflecting an increase from CNY 2,953,599 thousand in 2022, marking a growth of 7.0%[65] - The net profit for the nine months ended September 30, 2023, was RMB 3,031,815 thousand, up from RMB 2,795,251 thousand in the same period of 2022, representing an increase of approximately 8.5%[83] - The total operating profit for the nine months was RMB 3,108,260 thousand, compared to RMB 2,975,765 thousand in the previous year, reflecting a growth of about 4.5%[83] Income and Expenses - The cost-to-income ratio improved to 25.22% for the first nine months of 2023, compared to 30.34% for the entire year of 2022[9] - Total operating expenses for the nine months were CNY 5,066,485 thousand, slightly up from CNY 5,034,686 thousand in the same period of 2022[64] - Net interest income for the same period was CNY 5,727,583 thousand, down 2.5% from CNY 5,877,799 thousand year-over-year[64] - Investment income increased to CNY 1,299,251 thousand, compared to CNY 1,015,573 thousand in the previous year, marking a 27.9% growth[64] Assets and Liabilities - The bank's total assets reached 494.47 billion as of September 30, 2023[11] - Total assets as of September 30, 2023, amounted to 467,644,775 thousand yuan, representing a 7.56% increase from the end of 2022[20] - The bank's total liabilities as of September 30, 2023, amounted to CNY 428,214,786 thousand, an increase from CNY 398,308,675 thousand at the end of 2022[61] - The bank's total deposits reached CNY 306,532,184 thousand, up from CNY 286,320,039 thousand at the end of 2022, reflecting a growth of 7.6%[61] - The total amount of loans and advances issued was 253,099,905 thousand yuan, reflecting a 5.38% increase year-over-year[26] - The total loans and advances issued by the group were RMB 242,844,053 thousand, up from RMB 229,946,709 thousand at the end of 2022, reflecting an increase of about 5.2%[33] Cash Flow and Financing Activities - The net cash flow from operating activities was CNY 20,642,246 thousand, compared to a negative cash flow of CNY 549,799 thousand in the same period last year[75] - For the nine months ended September 30, 2023, the net cash inflow from financing activities was RMB 838,966 thousand, compared to a net outflow of RMB 9,253,562 thousand in the same period of 2022[76] - The total cash inflow from financing activities was RMB 77,219,578 thousand, an increase from RMB 51,488,490 thousand in the previous year[76] - The net increase in cash and cash equivalents for the period was RMB 230,342 thousand, compared to RMB 44,484 thousand in the same period of 2022[76] Strategic Outlook - The bank plans to expand its market presence through strategic partnerships and technology investments in the upcoming quarters[64] - The bank plans to continue expanding its market presence and enhancing its product offerings to drive future growth[68] Other Financial Metrics - The diluted earnings per share for the period was CNY 0.45, compared to CNY 0.41 in the same period last year, indicating a 9.8% increase[67] - The bank's credit impairment losses for the nine months were CNY 2,905,474 thousand, compared to CNY 2,915,966 thousand in the same period of 2022, indicating a slight decrease[64] - The bank's other comprehensive income after tax was CNY 22,811 thousand for the nine months, compared to a loss of CNY 14,781 thousand in the previous year[65]