兴业银行(601166) - 2024 Q3 - 季度财报

Financial Performance - Operating income for Q3 2024 was RMB 51,174 million, a year-on-year increase of 1.84%[3] - Net interest income for Q3 2024 was RMB 36,696 million, a decrease of 1.16% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2024 was RMB 19,957 million, an increase of 10.45% year-on-year[4] - The bank's basic earnings per share for Q3 2024 was RMB 0.96, a decrease of 10.28% year-on-year[4] - The bank's net profit margin for Q3 2024 was 39.0%, reflecting a solid profitability[4] - Net profit attributable to shareholders was CNY 63.01 billion, a decrease of 3.02% year-on-year[18] - The group's net profit for the nine months ended September 30, 2024, was RMB 62,970 million, compared to RMB 65,216 million in the same period of 2023, indicating a decrease of 3.82%[32] - The net profit for the group for the nine months ended September 30, 2024, was RMB 62,970 million, a decrease of 3.8% compared to RMB 65,216 million for the same period in 2023[33] - The net profit attributable to shareholders of the parent company was RMB 63,006 million, down from RMB 64,965 million, reflecting a decline of 3.0% year-over-year[33] - The total comprehensive income for the group was RMB 66,318 million, slightly up from RMB 65,220 million, indicating a growth of 1.7%[33] - Basic earnings per share decreased to RMB 2.90 from RMB 2.99, representing a decline of 3.0%[34] Asset and Liability Management - Total assets as of September 30, 2024, reached RMB 10,307,428 million, up 1.47% from the end of 2023[5] - The bank's total liabilities were RMB 9,427,894 million, an increase of 0.83% from the end of 2023[6] - The total liabilities of the group as of September 30, 2024, amounted to RMB 9,427,894 million, compared to RMB 9,350,607 million as of December 31, 2023, showing an increase of 0.83%[29] - The total equity attributable to shareholders of the parent company as of September 30, 2024, was RMB 868,153 million, an increase from RMB 796,224 million as of December 31, 2023, representing a growth of 9.02%[30] Loan and Deposit Growth - Total loans amounted to RMB 5,741,603 million, reflecting a growth of 5.14% compared to the end of 2023[5] - Customer loan balance was CNY 5,741.60 billion, growing by 5.14% year-on-year[17] - Customer deposit balance reached CNY 5,425.02 billion, up 5.61% from the previous year[17] - The net increase in customer deposits and interbank placements was RMB 140,102 million, significantly lower than RMB 383,876 million in the previous year[36] - The group recorded a net increase in loans and advances to customers of RMB (316,789) million, compared to RMB (366,900) million in the previous year, showing an improvement[36] Non-Performing Loans and Risk Management - Non-performing loan ratio increased to 1.08% as of September 30, 2024, up 0.01 percentage points from the end of 2023[8] - Non-performing loan balance was CNY 62.12 billion, with a non-performing loan ratio of 1.08%, up 0.01 percentage points from last year[19] - The group's non-performing loan ratio remained stable, indicating effective risk management strategies in place[32] - The company maintained a provision coverage ratio of 233.54%[19] Capital Adequacy and Financial Stability - The capital adequacy ratio as of September 30, 2024, was 11.4%, indicating a stable capital position[11] - The bank's capital adequacy ratio remains strong, supporting its growth and expansion strategies moving forward[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 242,314, with the top ten shareholders holding a combined total of 3,965,181,007 shares, accounting for 19.09% of the company's total equity[22] - Fujian Provincial Financial Investment Co., Ltd. is the largest shareholder, holding 3,511,918,625 shares, which represents 16.91% of the total shares[22] - The second largest shareholder is China Tobacco Corporation, holding 1,110,226,200 shares, or 5.34%[22] - The top ten preferred shareholders hold a total of 88,734,000 shares, representing 15.85% of the preferred shares[23] - China Ping An Life Insurance Co., Ltd. is the largest preferred shareholder, holding 88,734,000 shares[23] - The company has no repurchase accounts among its top ten shareholders and no delegated voting rights or other related issues[22] - The company has not identified any related party relationships among its top ten common shareholders, except for certain insurance companies[25] Investment and Financing Activities - The company issued the second tranche of tier 2 capital bonds in 2024, totaling RMB 20 billion, to support stable business development[26] - The company completed the issuance of USD 500 million bonds under its USD 5 billion medium-term note program, aimed at providing loans to small and micro enterprises[26] - The company has exercised its redemption option for tier 2 capital bonds issued in 2019, fully redeeming bonds totaling RMB 500 billion[26] Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB 265,054 million, compared to a positive cash flow of RMB 239,251 million in the same period last year[36] - The cash inflow from investment activities was RMB 3,047,565 million, an increase from RMB 2,205,022 million year-over-year[37] - The net cash flow from financing activities was RMB 122,146 million, recovering from a negative cash flow of RMB 113,566 million in the same period last year[37] - The net increase in cash and cash equivalents for the group was (71,289) million RMB for the nine months ended September 30, 2024, compared to (25,750) million RMB for the same period in 2023[38] - The cash and cash equivalents at the beginning of the period were 531,277 million RMB, up from 404,856 million RMB in the same period last year[38] - The ending balance of cash and cash equivalents was 459,988 million RMB, compared to 379,106 million RMB for the same period in 2023[38]