2018-10-30 16:00Financial Performance - Net profit attributable to shareholders of the parent company for Q3 2018 was RMB 13,067 million, up 7.50% year-on-year[7] - The net profit attributable to the parent company's shareholders reached CNY 42.685 billion, an increase of CNY 2.442 billion, representing a growth of 6.07%[18] - Net profit attributable to shareholders of the parent company for the first nine months of 2018 was RMB 42,685 million, up 5.7% from RMB 40,243 million in the same period of 2017[42] - The total comprehensive income for the three months was RMB 14,427 million, representing a 24.5% increase from RMB 11,611 million in the prior year[49] Assets and Liabilities - Total assets reached RMB 5,965,827 million, an increase of 1.08% compared to the end of 2017[6] - Total liabilities amounted to RMB 5,543,383 million, compared to RMB 5,512,274 million at the end of 2017[12] - The total assets amounted to CNY 5,965.827 billion, an increase of CNY 63.741 billion, with a growth rate of 1.08% compared to the previous year[19] - Total liabilities of Minsheng Bank Group as of September 30, 2018, reached RMB 5,543,383 million, an increase from RMB 5,512,274 million as of December 31, 2017, representing a growth of 0.56%[37] Loans and Advances - Total loans and advances reached RMB 3,070,558 million, an increase from RMB 2,804,307 million at the end of 2017[12] - The total loans and advances reached CNY 3,070.558 billion, an increase of CNY 266.251 billion, reflecting a growth of 9.49%[19] - Retail loans reached CNY 1,218.919 billion, accounting for 39.70% of total loans, an increase of 0.27 percentage points[19] Non-Performing Loans - Non-performing loan balance was RMB 53,712 million, up from RMB 47,889 million at the end of 2017[12] - The non-performing loan balance was CNY 53.712 billion, an increase of CNY 5.823 billion, with a non-performing loan ratio of 1.75%, up 0.04 percentage points from the previous year[21] - The provision coverage ratio was 161.68%, an increase of 6.07 percentage points from the previous year[21] Income and Expenses - Net interest income for Q3 2018 was RMB 19,948 million, a decrease of 8.74% compared to the same period last year[7] - Net interest income for the first nine months of 2018 was RMB 53,822 million, a decrease of 14.4% compared to RMB 62,973 million in the same period of 2017[42] - Total operating income for the first nine months of 2018 was RMB 115,652 million, an increase of 8.8% from RMB 106,175 million in the same period of 2017[42] - The bank's total operating expenses for the first nine months of 2018 were RMB 63,738 million, an increase from RMB 57,017 million in the same period of 2017, reflecting a rise of 11.5%[42] Investment Income - The bank's investment income surged by 203.47% year-on-year, totaling RMB 8,124 million, up from RMB 2,677 million[32] - Investment income for the first nine months of 2018 was RMB 8,124 million, significantly higher than RMB 2,677 million in the same period of 2017, marking an increase of 203.5%[42] - The bank's investment income for the third quarter was RMB 846 million, significantly up from RMB 56 million in the same period of 2017[47] Cash Flow - The net cash flow from operating activities was negative at RMB -338,355 million[7] - Cash flow from operating activities for the nine months ended September 30, 2018, was a net outflow of RMB 338,355 million, compared to a net outflow of RMB 367,752 million in the same period of 2017[52] - The net cash flow from investment activities for Minsheng Bank was RMB 308,954 million, an increase of 9.5% from RMB 282,047 million in the same period of 2017[54] Equity and Ratios - The weighted average return on equity (annualized) was 13.26%, a decrease of 0.31 percentage points year-on-year[7] - The total equity attributable to shareholders of the parent company increased to RMB 411,310 million as of September 30, 2018, compared to RMB 378,970 million as of December 31, 2017, reflecting a growth of 8.5%[40] - The annualized average return on total assets was 0.97%, an increase of 0.03 percentage points year-on-year[18] - The cost-to-income ratio improved to 26.64%, a decrease of 1.58 percentage points compared to the previous year[18] Other Comprehensive Income - The bank's other comprehensive income showed a significant negative change, with a loss of RMB 294 million compared to a loss of RMB 4,662 million in the previous period, influenced by new financial instrument standards[32] - The bank's other comprehensive income for the first nine months of 2018 was RMB 2,794 million, a recovery from a loss of RMB 1,379 million in the same period of 2017[44]