2022-10-28 09:38Financial Performance - For the third quarter of 2022, Chongqing Rural Commercial Bank reported operating income of RMB 7,225.6 million, a decrease of 8.64% year-on-year[3]. - The net profit for the same period was RMB 2,922.0 million, down 4.69% compared to the previous year[3]. - The basic and diluted earnings per share for Q3 2022 were RMB 0.24, a decrease of 11.11% year-on-year[3]. - The net profit attributable to the bank's shareholders for the quarter ended September 30, 2022, was RMB 2,862,926 thousand, compared to RMB 3,018,149 thousand for the same period in 2021, reflecting a decrease of approximately 5.2%[18]. - Basic and diluted earnings per share for the quarter were RMB 0.24, down from RMB 0.27 in the previous year, indicating a decline of about 11.1%[18]. - The net profit for the first nine months of 2022 was RMB 9,418 million, representing a year-on-year growth of 6.02%, while the annualized return on total assets was 0.97% and the annualized return on equity was 11.63%[12]. - The group's operating income for the same period was RMB 22,524 million, a decrease of 2.41% year-on-year, with net interest income at RMB 18,845 million and a net interest margin of 1.98%[12]. - Total operating income for the nine months ended September 30, 2022, was RMB 38,481,026 thousand, compared to RMB 38,649,438 thousand for the same period in 2021, showing a slight decrease of 0.4%[19]. Assets and Liabilities - The total assets as of September 30, 2022, reached RMB 1,330,849.6 million, reflecting a 5.10% increase from the end of 2021[4]. - Total assets as of September 30, 2022, reached RMB 1,330,850 million, an increase of RMB 64,558 million or 5.10% from the end of the previous year[12]. - Total liabilities increased to RMB 1,216,251 million, reflecting a growth of RMB 56,444 million or 4.87%[12]. - The bank's total liabilities were RMB 1,216,251,114 thousand as of September 30, 2022, compared to RMB 1,159,807,055 thousand at the end of 2021, reflecting an increase of approximately 4.8%[23]. - The total equity attributable to shareholders was RMB 114,599 million, an increase of RMB 8,114 million or 7.62%[12]. - The bank's total equity as of September 30, 2022, was RMB 114,598,553 thousand, up from RMB 106,484,144 thousand at the end of 2021, representing an increase of about 7.3%[23]. Customer Loans and Deposits - Customer loans and advances totaled RMB 630,038.1 million, an increase of 8.22% year-on-year[4]. - Customer loans and advances totaled RMB 630,038 million, up RMB 47,872 million or 8.22% from the end of the previous year[12]. - Customer deposits amounted to RMB 823,633.1 million, an increase of 8.46% compared to the end of 2021[4]. - Customer deposits reached RMB 823,633 million, an increase of RMB 64,273 million or 8.46% from the end of the previous year[12]. - The company experienced a significant increase in customer deposits, amounting to RMB 85,799.183 million, compared to RMB 31,860.649 million in the previous year[25]. - The company’s customer loans and advances increased to CNY 602,098,632 thousand as of September 30, 2022, from CNY 557,334,996 thousand at the end of 2021[49]. Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months of 2022 was RMB 80,494.8 million, showing a significant increase of 281.93%[5]. - The net cash flow from operating activities for the nine-month period was RMB 80,494.8 million, significantly higher than the previous year's figure of RMB 21,075.7 million[25]. - The liquidity coverage ratio was 276.31%, indicating strong liquidity position[38]. - As of September 30, 2022, the liquidity coverage ratio was 276.31%, with high-quality liquid assets amounting to RMB 154,457.89 million and net cash outflows over the next 30 days at RMB 55,900.14 million[11]. Non-Performing Loans - The non-performing loan balance was RMB 7,738 million, with a non-performing loan ratio of 1.23%, down 0.02 percentage points from the end of the previous year[12]. - Non-performing loan balance stood at RMB 7.74 billion, with a non-performing loan ratio of 1.23%, down 0.02 percentage points from the end of 2021[39]. - The provision coverage ratio improved to 361.26%, an increase of 21.01 percentage points from the end of the previous year[12]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 230,787[41]. - The largest shareholder, Hong Kong Central Clearing (Agent) Limited, holds 2,513,336,041 shares, representing 22.13% of total shares[41]. - The combined shareholding of Chongqing Yufu Capital Operation Group Limited and its affiliates is 1,028,246,454 shares, representing 9.05% of total shares[43]. - The combined shareholding of Chongqing Urban Construction Investment (Group) Limited and its affiliates is 827,087,430 shares, representing 7.28% of total shares[43]. Other Comprehensive Income - The company’s other comprehensive income for the quarter was RMB 188,650 thousand, compared to RMB 136,031 thousand in the same period last year, indicating an increase of approximately 38.8%[20]. - The company’s other comprehensive income for the three months ended September 30, 2022, was CNY 188,650 thousand, compared to CNY 136,031 thousand in the same period of 2021[47].