Bank Of Chongqing(601963)2024-10-30 10:02Financial Performance - Net profit for Q3 2024 was RMB 1,495,233 thousand, a 3.36% increase year-on-year [4]. - Basic earnings per share for Q3 2024 was RMB 0.40, reflecting a 2.56% increase compared to the same period last year [4]. - Net profit for the first nine months was CNY 4.706 billion, an increase of CNY 207 million, or 4.59% year-on-year [23]. - Operating income was CNY 10.634 billion, up CNY 387 million, or 3.78% year-on-year [23]. - The bank's net profit attributable to shareholders increased to RMB 26,053,953 thousand, compared to RMB 23,762,205 thousand in the previous year, indicating a growth of around 9.6% [27]. - The bank's total profit for the first nine months of 2024 was RMB 5,218,140 thousand, compared to RMB 5,102,833 thousand in 2023, reflecting a growth of 2.3% [31]. - Net profit attributable to shareholders reached RMB 4,428,072 thousand, representing a 3.7% increase from RMB 4,270,278 thousand in the previous year [31]. - Basic earnings per share rose to RMB 1.27, compared to RMB 1.23 in 2023, indicating a growth of 3.2% [33]. Asset and Liability Management - Total assets increased by 8.46% to RMB 824,144,121 thousand compared to the end of 2023 [3]. - Total liabilities grew by 8.65% to RMB 761,169,123 thousand from the end of 2023 [3]. - The bank's total liabilities amounted to RMB 761,169,123 thousand, an increase from RMB 700,584,443 thousand, which is an increase of about 8.6% [27]. - The bank's total equity attributable to shareholders increased by 6.13% to RMB 60,407,017 thousand compared to the end of 2023 [3]. - The bank's equity attributable to shareholders rose to RMB 60,407,017 thousand, compared to RMB 56,917,734 thousand, reflecting an increase of approximately 6.9% [27]. Customer Loans and Deposits - Customer loans and advances rose by 10.26% to RMB 433,263,441 thousand year-on-year [3]. - Customer deposits increased by 11.76% to RMB 463,587,122 thousand compared to the end of 2023 [3]. - Total customer loans and advances reached CNY 433.263 billion, an increase of CNY 40.328 billion, or 10.26% [22]. - Customer deposits amounted to CNY 463.587 billion, up CNY 48.774 billion, representing an increase of 11.76% [22]. - Loans and advances to customers rose to RMB 419,681,391 thousand, compared to RMB 380,795,540 thousand in December 2023, marking an increase of about 10.2% [26]. Risk Management - Non-performing loan balance was CNY 5.441 billion, an increase of CNY 229 million; non-performing loan ratio was 1.26%, down 0.08 percentage points [23]. - Provision coverage ratio improved to 250.19%, an increase of 16.01 percentage points [23]. - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place [27]. Capital Adequacy - Core Tier 1 capital adequacy ratio stood at 10.02% as of September 30, 2024, up from 9.78% at the end of 2023 [9]. - Core Tier 1 capital adequacy ratio was 10.02%, Tier 1 capital adequacy ratio was 11.37%, and total capital adequacy ratio was 14.68% [23]. Cash Flow and Investment Activities - The net cash flow from operating activities for the first three quarters was RMB (32,384,875) thousand, a 256.97% increase compared to the same period last year [15]. - Total cash inflow from operating activities reached RMB 59,129,920 for the nine months ended September 30, 2024, compared to RMB 40,660,602 in 2023, indicating an increase of about 45.2% [38]. - The net cash flow from investment activities was RMB 12,408,763 for the nine months ended September 30, 2024, a significant recovery from a negative RMB 18,531,102 in the same period of 2023 [42]. - Total cash inflow from investment activities increased to RMB 80,110,285 for the nine months ended September 30, 2024, up from RMB 65,030,598 in 2023, representing a growth of approximately 23.1% [42]. Future Outlook and Strategy - The company aims to maintain steady progress and high-quality development to enhance shareholder value [24]. - The bank plans to expand its market presence and enhance its digital banking capabilities in the upcoming quarters [27]. - The bank plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and customer service [30].