2023-10-30 16:00Financial Performance - Net profit attributable to shareholders was RMB 9,800 million, reflecting a growth of 7.22% compared to the same period last year[4] - The net profit attributable to shareholders for the first three quarters of 2023 was CNY 33.577 billion, a decrease of CNY 0.0201 billion, representing a decline of 0.60% year-on-year[12] - Operating revenue for the same period was CNY 106.304 billion, down CNY 2.292 billion, a decline of 2.11% year-on-year[12] - The bank's basic earnings per share for the quarter was RMB 0.21, an increase of 10.53% year-on-year[4] - The total comprehensive income attributable to the bank's shareholders for the first nine months of 2023 was RMB 34,826 million, an increase from RMB 32,749 million in the same period of 2022, reflecting a growth of approximately 6.3%[48] Asset and Liability Management - Total assets reached RMB 7,522,077 million, an increase of 3.67% compared to the end of last year[3] - The total liabilities of the group were CNY 68,877.01 billion, an increase of CNY 2,448.42 billion or 3.69% compared to the end of the previous year[13] - The total deposits reached CNY 42,264.02 billion, up CNY 2,328.75 billion or 5.83%, accounting for 61.36% of total liabilities, an increase of 1.24 percentage points[13] - The bank's total equity as of September 30, 2023, was RMB 634,376 million, compared to RMB 612,814 million as of December 31, 2022, marking an increase of approximately 3.5%[44] Loan and Credit Quality - Total loans and advances amounted to RMB 4,383,813 million, up 5.86% year-on-year[3] - Non-performing loans decreased to RMB 68,015 million, a decline of 1.98% from the previous year[3] - The non-performing loan ratio improved to 1.55%, down 0.13 percentage points from the previous year[3] - The provision coverage ratio increased to 149.21%, up 6.72 percentage points year-on-year[3] - The average interest rate for inclusive small and micro enterprise loans was 4.67%, with a non-performing loan rate of 1.08%, down 0.62 percentage points from the end of the previous year[22] Customer and Market Engagement - The number of ordinary shareholders reached 349,024, with 331,159 holding A shares[7] - The total number of retail customers reached 128.09 million, an increase of 6.26 million compared to the end of the previous year[20] - The cumulative number of personal pension accounts opened reached 1.49 million, an increase of 1.10 million compared to the end of the previous year[20] - The total number of credit cards issued reached 71.28 million, a growth of 4.56% compared to the end of the previous year[20] - The bank's cumulative customer reach during the reporting period was 129.85 million, covering 32.28 million customers, with 2,296 marketing activities conducted online[24] Digital Transformation and Innovation - The company is actively pursuing digital transformation and optimizing key processes to enhance customer value[11] - The bank has launched a new digital platform "Minsheng e Home" for small and micro enterprises, providing integrated services covering personnel, finance, and business management[29] - The bank's digital marketing initiatives have led to the establishment of a digital marketing system for small and micro enterprises, enhancing customer targeting capabilities[29] - The bank has established a data governance framework to enhance data asset management and support personal customer information protection[30] Cash Flow and Investment Activities - Cash flow from operating activities for the first nine months was RMB 123,537 million, a significant recovery from a negative cash flow in the previous year[6] - The total cash inflow from operating activities was RMB 567,192 million, an increase from RMB 415,501 million in the same period of 2022, reflecting a growth of approximately 36.5%[50] - The cash flow from investment activities showed a net inflow of RMB 2,769 million, a recovery from a net outflow of RMB 110,316 million in the first nine months of 2022[52] - The total cash and cash equivalents at the end of the period reached RMB 208,794 million, a significant increase from RMB 75,900 million at the end of the same period in 2022[54] Risk Management and Compliance - The liquidity coverage ratio stood at 129.26%, exceeding the regulatory requirement by 29.26 percentage points, indicating strong short-term liquidity risk resilience[36] - The bank's provisioning coverage ratio was 149.21%, an increase of 6.72 percentage points from the end of the previous year[31] - The bank's non-performing loan ratio remained stable, indicating effective risk management strategies in place[45] - The bank has implemented a digital transformation strategy to enhance risk management capabilities and improve operational efficiency[31]