2023-10-27 08:30Financial Performance - Net profit for the first nine months of 2023 was RMB 75,766 million, up 2.48% compared to RMB 73,974 million in the same period of 2022[12]. - Net profit attributable to shareholders was CNY 75.655 billion, a year-on-year growth of 2.45%[18]. - The company achieved operating income of RMB 260.37 billion, an increase of RMB 3.18 billion, or 1.24% year-on-year[22]. - Net profit reached RMB 75.77 billion, up RMB 1.83 billion, or 2.48% year-on-year[22]. - The bank's net profit for Q3 2023 was RMB 26,128 million, a slight decrease from RMB 26,765 million in Q3 2022, representing a decline of 2.4%[33]. - Basic and diluted earnings per share for the first nine months were RMB 0.73, with a year-over-year decrease of 10.34%[12]. Asset and Liability Management - As of September 30, 2023, total assets reached RMB 15,315,359 million, an increase of 8.87% from RMB 14,067,282 million at the end of 2022[11]. - Total liabilities amounted to CNY 14.40 trillion, up 8.75% from the previous year[18]. - Total assets as of September 30, 2023, amounted to RMB 15,315,359 million, a significant increase from RMB 14,067,282 million at the end of 2022, indicating a growth of 8.9%[35]. - The bank's total liabilities as of September 30, 2023, were RMB 14,399,885 million, compared to RMB 13,241,468 million at the end of 2022, reflecting an increase of 8.7%[36]. Customer Loans and Deposits - Total customer loans amounted to RMB 8,020,496 million, reflecting an 11.23% increase from RMB 7,210,433 million year-over-year[11]. - Customer deposits increased to RMB 13,493,122 million, a growth of 6.12% from RMB 12,714,485 million at the end of 2022[11]. - Customer loans exceeded CNY 8 trillion, reaching CNY 8.02 trillion, a growth of 11.23% year-on-year[18]. - Customer deposits reached CNY 13.49 trillion, reflecting a 6.12% increase year-on-year[18]. Equity and Shareholder Information - The bank's equity attributable to shareholders rose to RMB 913,774 million, marking a 10.86% increase from RMB 824,225 million at the end of 2022[11]. - Shareholders' equity totaled RMB 915.474 billion, an increase of RMB 89.660 billion or 10.86% year-on-year, driven by net profit and capital raised from non-public issuance[28]. - The total number of ordinary shareholders was 155,270, including 152,790 A-share shareholders and 2,480 H-share shareholders[14]. - China Postal Group Co., Ltd. held 62.78% of the shares, making it the largest shareholder[15]. Cash Flow and Operating Activities - The net cash flow from operating activities for the first nine months was negative at RMB (28,418) million, a significant decrease from RMB 129,214 million in the same period last year[13]. - Operating cash flow before tax profit for the nine months ended September 30, 2023, was RMB 82,840 million, slightly up from RMB 82,578 million in the same period of 2022, reflecting a growth of 0.32%[37]. - Cash flow from investment activities showed a net outflow of RMB (287,877) million for the nine months ended September 30, 2023, compared to RMB (247,409) million in the same period of 2022, representing an increase in outflow of 16.3%[38]. - Cash flow from financing activities generated a net inflow of RMB 333,751 million for the nine months ended September 30, 2023, a turnaround from a net outflow of RMB (36,674) million in the same period of 2022[38]. Loan Quality and Risk Management - Non-performing loan ratio stood at 0.81%, a decrease of 0.03 percentage points from the end of last year[18]. - Non-performing loans amounted to RMB 64.661 billion, an increase of RMB 3.925 billion; the non-performing loan ratio was 0.81%, a decrease of 0.03 percentage points[29]. - The cumulative amount of proactive credit granted reached RMB 235 billion, with a loan balance exceeding RMB 118 billion and a non-performing loan ratio of less than 0.5%[19]. - The bank's credit impairment losses for the first nine months of 2023 were RMB 21,149 million, a decrease of 32.8% compared to RMB 31,458 million in the same period of 2022[33]. Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio was 9.46%, an increase of 0.10 percentage points; the total capital adequacy ratio was 13.83%, up 0.01 percentage points[29]. - The core tier 1 capital adequacy ratio as of September 30, 2023, was 9.46%, up from 9.36% at the end of 2022, indicating improved capital strength[39]. - The leverage ratio as of September 30, 2023, was 5.61%, consistent with the previous quarter's 5.57% and showing stability in capital management[40]. - The liquidity coverage ratio as of September 30, 2023, was 222.59%, down from 250.86% at the end of 2022, reflecting a decrease in liquidity buffer[41]. Business Growth and Revenue - The bank served 65,100 specialized and innovative enterprises, with loans exceeding CNY 300 billion[17]. - Green loan balance reached CNY 596.697 billion, growing by 20.17% year-on-year[17]. - The bank's wealth management transformation and the promotion of the "1+N" operating and service model contributed to rapid growth in various business revenues[24]. - Net commission and fee income reached RMB 23.715 billion, an increase of RMB 0.076 billion or 0.32% year-on-year; excluding one-time factors from the previous year, the growth was 16.14%[24].