2017-10-24 16:00Financial Performance - Net profit attributable to shareholders was RMB 34,738 million, a year-on-year increase of 0.56%[8] - Operating income for the first nine months of 2017 was RMB 115,307 million, a slight decrease of 0.03% compared to the same period in 2016[8] - The net profit attributable to shareholders for the first nine months of 2017 was RMB 159,553 million, compared to RMB 136,666 million for the same period in 2016, indicating an increase of 16.67%[43] - The group's net profit for the first nine months of 2017 was RMB 34,895 million, an increase of 0.8% compared to RMB 34,623 million in 2016[46] - For the third quarter of 2017, the group's net profit was RMB 10,731 million, a slight decrease from RMB 10,946 million in the same quarter of 2016, representing a decline of 2.0%[50] - The total profit for the group in the first nine months of 2017 was RMB 44,434 million, compared to RMB 45,609 million in 2016, a decrease of 2.6%[46] - The net profit for the period reached RMB 32,277 million, reflecting a significant increase compared to the previous period[61] Assets and Liabilities - Total assets as of September 30, 2017, were RMB 5,536,973 million, a decrease of 6.64% compared to the end of 2016[7] - The group's total liabilities decreased to RMB 5,135,751 million from RMB 5,546,554 million, marking a reduction of about 7.41%[43] - The total liabilities decreased by RMB 311,324 million in the current period, compared to a decrease of RMB 331,781 million in the previous year[56] Equity and Shareholder Information - The bank's equity attributable to shareholders rose to RMB 395,944 million from RMB 379,224 million, reflecting an increase of 4.67%[43] - The bank's total equity increased to RMB 401,222 million from RMB 384,496 million, representing a growth of 4.67%[43] - The total number of common shareholders is 199,726[23] - China CITIC Limited holds 31,988,728,773 shares, accounting for 65.37% of total shares[23] - The top ten shareholders collectively hold 65.97% of the total common shares[29] - The total number of preferred shareholders is 31[28] - The largest preferred shareholder, China Mobile Communications Group, holds 43,860,000 shares, accounting for 12.53% of total preferred shares[28] Income and Expenses - Non-interest income increased by 14.58% year-on-year, accounting for 35.59% of total income, up 4.54 percentage points[20] - The group's operating expenses increased to RMB 70,966 million in 2017 from RMB 69,872 million in 2016, an increase of 1.6%[46] - Net interest income decreased to RMB 74,273 million in 2017 from RMB 79,524 million in 2016, a decline of 4.2%[46] Cash Flow - The net cash flow from operating activities for the group decreased to RMB -4,541 million in 2017 from RMB -29,242 million in 2016, showing an improvement[54] - The total cash inflow from investment activities increased significantly to RMB 848,647 million in 2017 compared to RMB 378,236 million in 2016[56] - The net cash flow from financing activities was RMB 42,381 million in 2017, down from RMB 159,082 million in 2016, indicating a decrease in financing activities[56] - The total cash and cash equivalents at the end of the period were RMB 318,858 million, compared to RMB 242,252 million at the end of 2016[56] Regulatory and Compliance - The capital adequacy ratio stood at 11.75%, down 0.23 percentage points from the end of 2016[14] - The core tier one capital adequacy ratio was 8.56%, a decrease of 0.08 percentage points compared to the end of 2016[14] - The liquidity coverage ratio was 97.46%, below the regulatory requirement of 100%[21] Other Comprehensive Income - The bank's other comprehensive income showed a significant decrease of 540.02%, resulting in a loss of RMB 7,309 million due to the revaluation of available-for-sale financial assets[34] - The group reported a decrease in other comprehensive income after tax for the first nine months of 2017, amounting to RMB (6,167) million compared to RMB 251 million in 2016[48] - Total comprehensive income amounted to RMB 27,587 million, after accounting for a decrease in other comprehensive income of RMB (4,690) million[61] Future Plans - The bank plans to issue up to RMB 400 billion in A-share convertible bonds, which has been approved by the board and is pending regulatory approval[35]