SPD BANK(SH:600000)2024-10-30 08:47Financial Performance - The company's operating income for Q3 2024 was RMB 41,591 million, a slight increase of 0.01% compared to the same period last year[3]. - Net profit attributable to shareholders of the parent company reached RMB 8,235 million, representing a significant increase of 69.86% year-on-year[3]. - The basic earnings per share (EPS) for Q3 2024 was RMB 0.23, up 91.67% from the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 33,961 million, up 34.77% compared to the same period last year[7]. - The total profit for Q3 2024 reached RMB 7,266 million, up from RMB 5,236 million in Q3 2023, marking an increase of 38.8%[63]. - The group's net profit for the first nine months of 2024 was RMB 35,687 million, an increase of 24.7% compared to RMB 28,592 million in the same period of 2023[61]. - The group's net profit attributable to shareholders for the first nine months of 2024 was RMB 35,223 million, up from RMB 27,986 million in 2023, representing a growth of 26.1%[61]. Asset and Liability Management - Total assets as of the end of Q3 2024 amounted to RMB 9,416,535 million, reflecting a growth of 4.54% compared to the end of the previous year[4]. - The total liabilities amounted to CNY 8,685.53 billion, up CNY 411.17 billion or 4.97% from the previous year[13]. - Total assets at the end of the reporting period reached CNY 9,416.54 billion, an increase of CNY 409.29 billion or 4.54% year-on-year[13]. - The total liabilities of the group as of September 30, 2024, were RMB 8,685,534 million, an increase of 4.9% from RMB 8,274,363 million at the end of 2023[60]. - The total equity of the group as of September 30, 2024, was RMB 731,001 million, slightly down from RMB 732,884 million at the end of 2023[60]. Credit Quality - The non-performing loan ratio improved to 1.38%, down by 0.10 percentage points from the previous year[4]. - The company reported a decrease in non-performing loan balance and non-performing loan ratio compared to the beginning of the year, indicating a stable operational development trend[12]. - The non-performing loan balance decreased to CNY 73.84 billion, down CNY 0.35 billion from the previous year, with a non-performing loan ratio of 1.38%, a decrease of 0.10 percentage points[14]. - The provision coverage ratio increased to 183.85%, up 10.34 percentage points from the end of the previous year and up 8.48 percentage points from the end of the second quarter[44]. - The company's non-performing loan balance was CNY 73.84 billion, a decrease of CNY 0.35 billion from the end of the previous year and a decrease of CNY 0.91 billion from the end of the second quarter[44]. Operational Efficiency - The weighted average return on equity (ROE) was 1.07%, an increase of 0.50 percentage points year-on-year[6]. - The cost-to-income ratio was reported at 28.00%[13]. - The average return on total assets was 0.39%, up from 0.33% in the same period last year[46]. - The fully diluted return on equity was 5.15%, an increase from 4.27% in the same period last year[46]. Strategic Initiatives - The company is focusing on supporting the real economy and enhancing management effectiveness under the "digital intelligence" strategic framework[12]. - The company aims to maintain a steady growth in asset and liability scale while adhering to regulatory requirements and government policies[12]. - The company has a strong emphasis on the "five major articles" of finance to guide its operational strategies[12]. - The company continues to strengthen its market position through strategic initiatives and operational improvements[12]. - The company aims to strengthen financial services in key areas such as technology finance, supply chain finance, and cross-border finance, focusing on stable growth and optimized credit structure[37]. Technology and Innovation - The company has submitted 1,014 information technology patent applications, with 226 currently authorized, showcasing its commitment to innovation in technology[27]. - The company has developed a technology innovation evaluation system for tech enterprises, utilizing advanced technologies like AI[31]. - The company has implemented a comprehensive digital transformation in supply chain finance, utilizing technologies such as blockchain and big data to enhance service efficiency[23]. Customer and Market Engagement - The company supported over 67,000 technology-based enterprises, with a technology finance loan balance exceeding CNY 570 billion[18]. - The balance of inclusive small and micro enterprise loans reached 453.4 billion yuan, with a total of 335,100 loan accounts[33]. - The supply chain finance business served 3,422 core supply chain customers and 24,758 upstream and downstream supply chain customers, achieving an online supply chain business volume of 156.36 billion yuan, a year-on-year increase of 106.71 billion yuan[32]. - The cross-border active customer count exceeded 35,000, with cumulative cross-border business volume exceeding 3 trillion yuan, and cross-border RMB financing balance reached 135 billion yuan, a year-on-year increase of 89%[34].