2024-10-30 12:07Financial Performance - Net profit attributable to shareholders for Q3 2024 was RMB 23,403 million, a 1.19% increase year-on-year[4] - Operating income for Q3 2024 was RMB 63,776 million, reflecting a year-on-year growth of 3.31%[4] - Basic earnings per share for the first nine months of 2024 was RMB 0.28, unchanged from the previous quarter[4] - The net profit attributable to shareholders was CNY 686.90 billion, a decrease of 0.69% year-on-year[16] - The net profit attributable to shareholders was CNY 23,403 million, slightly up from CNY 23,127 million, representing a growth of 1.19%[35] - Net profit for Q3 2024 was 19,534 million, slightly down from 19,837 million in Q3 2023, with a total net profit of 56,171 million for the first nine months of 2024 compared to 58,276 million in the same period last year[39] - Operating profit for Q3 2024 was 19,184 million, compared to 19,676 million in Q3 2023, with a total operating profit of 55,377 million for the first nine months of 2024, down from 58,884 million in the same period last year[38] Assets and Liabilities - As of September 30, 2024, total assets increased by 3.80% to RMB 14,594,709 million compared to December 31, 2023[4] - Total liabilities increased by 3.81% to RMB 13,454,955 million as of September 30, 2024[4] - The total assets of the group reached CNY 145,947.09 billion, an increase of 3.80% compared to the end of the previous year[16] - The company reported a total asset of 14,594,709 million RMB as of September 30, 2024, compared to 14,060,472 million RMB at the end of 2023[30] - The company’s total liabilities reached 13,454,955 million RMB as of September 30, 2024, up from 12,961,022 million RMB at the end of 2023[30] Customer Loans and Deposits - Customer loans rose by 6.10% to RMB 8,442,157 million from RMB 7,957,085 million as of December 31, 2023[4] - Total customer deposits grew by 2.06% to RMB 8,727,029 million from RMB 8,551,215 million as of December 31, 2023[4] - The group’s customer loan balance was CNY 84,421.57 billion, an increase of 6.10% from the end of the previous year[22] - Customer deposits increased to CNY 87,270.29 billion, reflecting a growth of 2.06% year-on-year[23] - The total loans issued by the company reached 8,238,069 million RMB as of September 30, 2024, an increase from 7,772,060 million RMB at the end of 2023[29] Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was a net outflow of RMB 115,661 million, a significant increase in outflow compared to the previous year[6] - Cash flow from operating activities for the first nine months of 2024 was 988,202 million, down from 1,059,409 million in the same period of 2023[40] - Cash flow from investing activities showed a net outflow of 1,154 million for the first nine months of 2024, compared to a net outflow of 78,905 million in the same period last year[41] - Cash flow from financing activities generated a net inflow of 2,413 million in the first nine months of 2024, compared to an inflow of 12,750 million in the same period of 2023[42] Investment and Income - Net interest income for the first nine months was CNY 1,267.96 billion, an increase of 2.15% year-on-year, accounting for 64.65% of total revenue[17] - The group maintained a stable net interest margin of 1.28%, despite a slight decline of 2 basis points year-on-year[17] - The company reported a significant increase in investment income, reaching 4,567 million in Q3 2024, compared to 2,652 million in Q3 2023, with total investment income for the first nine months of 2024 at 13,732 million, up from 12,534 million[38] - Investment income rose to CNY 6,590 million, up from CNY 5,384 million, showing an increase of 22.3%[34] Equity and Ratios - Shareholders' equity attributable to the parent company increased by 3.67% to RMB 1,127,908 million compared to RMB 1,088,030 million at the end of 2023[4] - The weighted average return on equity for the first nine months of 2024 was 9.60%, a decrease of 0.59 percentage points year-on-year[4] - The average return on assets was 0.65%, a decrease of 0.04 percentage points year-on-year[16] - The capital adequacy ratio at the end of the reporting period was 16.22%, with a Tier 1 capital ratio of 12.20% and a core Tier 1 capital ratio of 10.29%, all meeting regulatory requirements[45] Non-Performing Loans - The non-performing loan balance was CNY 1,115.00 billion, an increase of 5.50% compared to the previous year[25] - The non-performing loan (NPL) ratio decreased to 1.32% from 1.33% year-over-year, indicating improved asset quality[28] - The company’s credit card loans accounted for 6.01% of total loans, with a non-performing loan rate of 2.39% as of September 30, 2024[27] - The overdue loan ratio increased slightly but showed a decrease compared to the previous quarter, indicating a stable trend in loan performance[28]