Bank of Chengdu(SH:601838)2024-10-29 08:57Financial Performance - In Q3 2024, the bank reported operating income of CNY 5,656,087 thousand, an increase of 1.14% year-over-year[5] - Net profit for Q3 2024 reached CNY 2,871,515 thousand, reflecting an increase of 11.26% compared to the same period last year[5] - The net profit attributable to shareholders of the parent company for the first nine months of 2024 was CNY 9,038,195 thousand, up 10.81% year-over-year[5] - The basic earnings per share for Q3 2024 was CNY 0.75, an increase of 10.29% compared to the same period last year[6] - The basic earnings per share for the first nine months of 2024 was CNY 2.37, an increase of RMB 0.21 compared to the previous year[15] - The total comprehensive income for the first nine months of 2024 was CNY 9,164,118 thousand, an increase from CNY 8,395,892 thousand in 2023[32] Assets and Liabilities - Total assets as of September 30, 2024, amounted to CNY 1,221,637,564 thousand, representing a growth of 11.95% from the end of 2023[6] - The bank's total liabilities increased by 12.22% year-over-year, reaching CNY 1,144,573,792 thousand[6] - The total equity attributable to shareholders of the parent company increased to CNY 76,978,802 thousand, up from CNY 71,235,227 thousand, marking a growth of 8.88%[31] Loans and Deposits - The total amount of loans and advances increased by 15.43% year-over-year, reaching CNY 722,312,222 thousand[6] - Total deposits amounted to RMB 874.672 billion, growing by RMB 94.251 billion, or 12.08% compared to the end of the previous year[15] - The total amount of loans and advances issued was CNY 722,312,222 thousand, an increase from CNY 625,742,219 thousand, reflecting a growth of 15.4%[21] Cash Flow - The bank's cash flow from operating activities showed a significant decline, with a net cash flow of -CNY 19,944,982 thousand, down 51.00%[6] - The net cash flow from operating activities for the first nine months of 2024 was negative CNY 19,944,982 thousand, an improvement from negative CNY 40,704,731 thousand in 2023[34] - The net cash flow from investment activities amounted to CNY 40,914,586, a significant increase from CNY 10,629,961 in the same period last year[35] Ratios and Coverage - The bank's return on equity (ROE) was 4.13%, a decrease of 0.06 percentage points compared to the previous year[6] - The company's non-performing loan ratio as of September 30, 2024, was 0.66%, a decrease of 0.02 percentage points from the end of the previous year[16] - The provision coverage ratio stood at 497.40% as of September 30, 2024[16] - The annualized return on assets was 1.04% for the first nine months of 2024, compared to 1.10% in the same period of 2023[18] - The cost-to-income ratio for the first nine months of 2024 was 24.75%, up from 24.15% in the same period of 2023[18] Capital and Liquidity - The core Tier 1 capital ratio improved to 8.40% as of September 30, 2024, compared to 8.22% at the end of 2023[22] - The liquidity coverage ratio increased to 267.34% from 203.19% year-over-year, indicating enhanced liquidity position[25] - The bank's net capital adequacy ratio stood at 13.40% as of September 30, 2024, compared to 12.89% at the end of 2023[22] Investment Activities - The bank's investment income for the first nine months of 2024 was CNY 3,080,809 thousand, up from CNY 2,560,489 thousand in 2023, indicating a strong performance in investment activities[31] - Cash inflow from investment income was CNY 8,675,039, down from CNY 8,948,955 year-over-year[35]