2014-10-29 16:00Financial Performance - Net profit attributable to shareholders was RMB 45,804 million, representing a year-on-year increase of 15.97%[5] - Operating income for the period was RMB 125,027 million, up 28.19% year-on-year[5] - The bank's basic earnings per share was RMB 0.61, a decrease of 0.55 compared to the previous year[5] - The bank's net profit for the third quarter of 2014 was RMB 15,400 million, a 16.4% increase from RMB 13,225 million in Q3 2013[54] - The total profit for the third quarter of 2014 was RMB 20,107 million, a 14.0% increase from RMB 17,566 million in Q3 2013[53] - The comprehensive income for the first nine months of 2014 was RMB 52,201 million, compared to RMB 36,769 million in the same period of 2013, marking a 42.0% increase[56] Asset and Liability Management - Total assets reached RMB 4,722,648 million, an increase of 17.58% compared to the end of last year[5] - The company's total liabilities amounted to RMB 4,420.25 billion, reflecting a year-to-date increase of 17.86%[23] - The bank's total equity increased to RMB 302,398 million from RMB 265,956 million, representing a growth of approximately 13.7%[46] - The bank's cash and cash equivalents decreased to RMB 13,820 million from RMB 15,662 million, a decline of approximately 11.0%[42] - The bank's total assets increased to RMB 6,000 billion as of September 30, 2014, reflecting a growth of 12.5% year-on-year[53] Capital Adequacy - The capital adequacy ratio under the advanced approach was 12.28%, with a Tier 1 capital ratio of 10.35%[7] - The capital adequacy ratio under the weighted approach was 11.64%, an increase of 0.50 percentage points since the beginning of the year[14] - The bank's capital adequacy ratio under the advanced approach was 11.93% as of September 30, 2014[11] - The core Tier 1 capital net amount was RMB 290,473 million, with risk-weighted assets amounting to RMB 2,690,079 million[8] Customer Deposits and Loans - The total customer deposits reached RMB 3,265.52 billion, growing by 17.66% year-to-date[23] - Customer deposits reached RMB 3,265,520 million, up from RMB 2,775,276 million year-over-year, reflecting a growth of approximately 17.7%[44] - The bank's loans and advances increased to RMB 2,384,121 million, up from RMB 2,148,330 million, reflecting a growth of about 10.9%[42] - The company's total loans and advances reached RMB 2,445.50 billion, with a year-to-date growth of 11.31%[23] Non-Performing Loans - The non-performing loan balance increased to RMB 26.923 billion, with a non-performing loan ratio of 1.10%, up by 0.27 percentage points from the beginning of the year[24] - As of September 30, 2014, the company's non-performing loan balance was CNY 26.534 billion, an increase of CNY 8.465 billion from the beginning of the year, with a non-performing loan ratio of 1.20%, up 0.30 percentage points year-to-date[29] - The company maintained a prudent provisioning policy, with a loan impairment provision balance of CNY 59.463 billion as of September 30, 2014, an increase of CNY 12.241 billion from the beginning of the year, resulting in a non-performing loan coverage ratio of 224.10%, down 37.24 percentage points year-to-date[29] Interest Income and Expenses - The net interest income for the same period was RMB 82.267 billion, representing a year-on-year growth of 13.36% and accounting for 65.80% of total operating income[24] - Interest income for the first three quarters of 2014 was CNY 165.345 billion, a year-on-year increase of 31.56%, while interest expenses rose by 56.44% to CNY 83.078 billion[37] - Net interest income for the third quarter of 2014 was RMB 28,409 million, up 12.5% from RMB 25,131 million in Q3 2013[53] Non-Interest Income - The company's non-interest income for the first nine months was RMB 394.93 billion, a significant increase of 72.80% year-on-year[28] - The company's non-interest income for the first three quarters of 2014 was CNY 39.493 billion, a year-on-year increase of 72.80%, with net fee and commission income rising by 56.34% to CNY 31.818 billion[32] - The bank's fee and commission income for the first nine months of 2014 was RMB 36,800 million, a 58.6% increase from RMB 23,211 million in the same period of 2013[53] Cash Flow - The net cash flow from operating activities was RMB 151,170 million, a significant increase of 2,235.03% compared to the same period last year[5] - Operating cash inflow totaled RMB 919,152 million, compared to RMB 614,326 million in 2013, marking a year-over-year increase of 49.7%[66] - Cash inflow from financing activities was RMB 62,266 million, slightly up from RMB 61,679 million in 2013[68] - The net increase in cash and cash equivalents for the period was RMB 5,647 million, contrasting with a decrease of RMB 158,755 million in the previous year[68]