SPD BANK(SH:600000)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders of the parent company for the first nine months was RMB 43,207 million, an increase of 3.14% year-on-year[2]. - Operating income for the first nine months was RMB 127,109 million, reflecting a year-on-year increase of 1.31%[2]. - Basic earnings per share for the first nine months were RMB 1.44, a slight decrease of 0.69% compared to the same period last year[2]. - The total profit for the group was CNY 50.893 billion, a decrease of CNY 3.850 billion or 7.03% year-on-year[19]. - Net profit attributable to shareholders after tax was CNY 43.207 billion, an increase of CNY 1.315 billion or 3.14% year-on-year[19]. - Total operating income reached CNY 127.109 billion, an increase of CNY 1.638 billion or 1.31% year-on-year[19]. - Net interest income was CNY 80.809 billion, an increase of CNY 1.909 billion or 2.42% year-on-year, accounting for 63.57% of total operating income[19]. - The net profit for the first nine months of 2018 was RMB 43,664 million, representing a year-on-year increase of 3.0% from RMB 42,396 million[49]. - The bank's investment income for the first nine months of 2018 was RMB 11,116 million, an increase of 32.4% from RMB 8,391 million in the same period of 2017[49]. - The bank's operating expenses for the first nine months of 2018 were RMB 76,191 million, an increase of 7.3% from RMB 70,850 million in 2017[49]. - The bank's asset impairment losses for the first nine months of 2018 were RMB 44,072 million, up 9.4% from RMB 40,145 million in the same period of 2017[49]. Asset and Liability Management - Total assets at the end of the reporting period were RMB 6,089,189 million, a decrease of 0.78% compared to the end of the previous year[2]. - Total liabilities were CNY 5,627.155 billion, a decrease of CNY 79.100 billion or 1.39% from the end of the previous year[20]. - The total number of ordinary shareholders at the end of the reporting period was 197,612[10]. - The company's net loans and advances stood at RMB 3,355,467 million, an increase from RMB 3,103,853 million year-on-year[45]. - The company's total equity increased to RMB 462,034 million from RMB 430,985 million at the end of 2017, reflecting a growth in shareholder equity[47]. - The total cash and cash equivalents at the end of the period reached RMB 212,787 million, up from RMB 108,882 million at the end of the previous year, indicating a growth of approximately 95.5%[58]. Credit Quality - The non-performing loan ratio improved to 1.97%, down 0.17 percentage points from the previous year-end[4]. - The provision coverage ratio increased to 152.60%, up 20.16 percentage points from the previous year-end[4]. - Non-performing loan balance was CNY 68.325 billion, a decrease of CNY 0.194 billion from the end of the previous year, with a non-performing loan ratio of 1.97%[20]. - The coverage ratio of non-performing loan provisions was 152.60%, an increase of 20.16 percentage points from the end of the previous year[20]. - The total amount of non-performing loans classified as "loss" increased by 56.58% year-on-year, reaching RMB 24.4 billion[33]. Capital Adequacy - Total capital amounted to CNY 580.648 billion, an increase from CNY 500.827 billion at the end of the previous year[24]. - The core tier one capital adequacy ratio was 9.96%, an increase from 9.50% at the end of the previous year[24]. - The company's net tier 1 capital amounted to RMB 448.63 billion as of September 30, 2018, an increase of 7.2% from RMB 418.43 billion at the end of 2017[27]. - The capital adequacy ratio was 13.29%, well above the regulatory minimum of 10.5%[30]. - The company's core tier 1 capital adequacy ratio was 9.59%, above the regulatory requirement of 7.5%[30]. Cash Flow and Investments - The company's cash flow from investing activities showed a significant increase of 649.88%, amounting to RMB 390.54 billion for the first nine months of 2018[37]. - The company's net cash outflow was RMB 613.26 billion, with a net cash flow from operating activities of -RMB 362.08 billion[29][37]. - The cash inflow from operating activities totaled RMB 377,609 million, down from RMB 450,586 million in the previous year, indicating a decrease of about 16.2%[57]. - The net cash flow from investment activities was RMB 390,538 million, significantly up from RMB 52,080 million in the same period last year, marking an increase of approximately 650.5%[57]. - The cash inflow from financing activities amounted to RMB 1,088,142 million, compared to RMB 945,655 million in the previous year, representing an increase of about 15.1%[58]. - The net cash flow from financing activities was RMB 34,067 million, a recovery from a net outflow of RMB 90,756 million in the same period last year[58]. Shareholder Structure and Governance - The company has committed to a 36-month lock-up period for shares issued to certain investors, ensuring stability in shareholder structure[40]. - The company plans to extend the validity period of its convertible bond issuance resolution until November 16, 2019, pending regulatory approvals[38]. - The company has implemented changes in accounting policies effective from January 1, 2018, in accordance with revised financial reporting standards[41].