SPD BANK(SH:600000)2022-10-28 16:00Financial Performance - Net profit attributable to shareholders of the parent company for Q3 2022 was RMB 10,288 million, a decrease of 12.05% year-on-year[2] - Basic earnings per share for Q3 2022 was RMB 0.30, down 14.29% compared to the same period last year[2] - The company reported a total profit of CNY 45.46 billion, a decrease of 3.98% year-on-year[11] - The net profit attributable to shareholders of the parent company for the first nine months of 2022 was RMB 40,462 million, down from RMB 41,536 million in 2021, representing a decrease of 2.6%[37] - The net profit for the third quarter of 2022 was RMB 10,524 million, a decrease of 11.7% compared to RMB 11,925 million in the same quarter of 2021[39] - The total comprehensive income attributable to shareholders of the parent company for Q3 2022 was RMB 8,388 million, down from RMB 11,592 million in Q3 2021, representing a decline of 27.5%[41] Asset and Liability Management - Total assets increased to RMB 8,425,347 million, up 3.55% from the end of the previous year[2] - The company’s total liabilities increased by 3.57% to CNY 7,724.52 billion[12] - Total deposits rose by 7.75% to CNY 4,744.38 billion[12] - The total equity attributable to shareholders was RMB 692,017 million, an increase from RMB 670,007 million as of December 31, 2021, showing a growth of around 3.29%[35] Loan and Credit Quality - Total loans amounted to CNY 4,918.01 billion, reflecting a growth of 2.76% year-on-year[12] - Non-performing loan balance was CNY 75.24 billion, with a non-performing loan ratio of 1.53%, down 0.08 percentage points from the previous year[13] - The non-performing loan ratio improved to 1.53%, down 0.08 percentage points from the end of the previous year[3] - The bank's non-performing loan ratio remained stable, reflecting effective risk management strategies in place[35] Income and Expense Analysis - The cost-to-income ratio increased to 26.23%, up 2.09 percentage points year-on-year[3] - Net interest income as a percentage of operating income was 70.71%, an increase of 0.05 percentage points year-on-year[3] - Net interest income for the first nine months of 2022 was RMB 101,592 million, compared to RMB 101,389 million in the previous year, reflecting a growth of 0.2%[36] - The bank's operating expenses for the first nine months of 2022 totaled RMB 98,140 million, an increase from RMB 96,020 million in the previous year[36] Customer Engagement and Digital Transformation - The company is focused on digital transformation and enhancing financial services in key areas such as green finance and rural revitalization[10] - The number of personal customers (including credit cards) reached 141 million, with personal financial assets under management (AUM) totaling RMB 3.96 trillion[16] - The monthly active users of the retail mobile banking app increased to 23.36 million, a 33% increase from the beginning of the year[21] - The company launched a new APP to enhance direct engagement with end consumers in the automotive sector, aiming to boost automotive consumption[22] Capital Adequacy and Liquidity - The company maintained a core Tier 1 capital adequacy ratio of 9.26% and a total capital adequacy ratio of 13.71%[13] - The capital adequacy ratio stood at 13.36%, above the regulatory minimum of 10.5%[30] - The liquidity coverage ratio was reported at 128.41%, indicating strong liquidity position[29] Cash Flow Analysis - The company reported a net cash flow from operating activities of RMB -23,443 million for the year-to-date[5] - The net cash flow from operating activities for the first nine months of 2022 was RMB (23,443) million, compared to RMB (168,910) million in the same period of 2021, showing an improvement[42] - The cash inflow from operating activities for the first nine months of 2022 was RMB 498,750 million, an increase of 6.5% from RMB 468,385 million in the same period of 2021[42] - The total cash and cash equivalents at the end of Q3 2022 was RMB 181,525 million, down from RMB 290,874 million at the end of Q3 2021[43]