2020-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 0.82% year-on-year to RMB 26,815 million for the third quarter of 2020[17] - The net profit attributable to shareholders for the first nine months of 2020 was CNY 76.603 billion, a decrease of 0.82% year-on-year[32] - Net profit for the first nine months of 2020 was RMB 77,070 million, compared to RMB 77,761 million for the same period in 2019[52] - Net profit for the first nine months of 2020 reached RMB 69,617 million, a decrease from RMB 72,017 million in the same period of 2019[55] - The bank's total comprehensive income for the first nine months of 2020 was RMB 73,001 million, compared to RMB 81,051 million in the same period of 2019[52] Income and Revenue - Operating income for the first nine months of 2020 was RMB 221,430 million, reflecting a 6.60% increase compared to the same period in 2019[17] - The operating income for the same period was CNY 221.430 billion, representing a year-on-year growth of 6.60%[32] - The bank's fee and commission income for the first nine months of 2020 was RMB 68,501 million, compared to RMB 62,596 million in the same period of 2019, indicating a growth of 9.7%[51] - The company's wealth management fee and commission income was RMB 27.26 billion, a year-on-year increase of 44.98%[34] Assets and Liabilities - Total assets increased by 9.97% year-on-year to RMB 8,156,700 million as of September 30, 2020[15] - The total assets of the company reached RMB 8,156,700 million, an increase from RMB 7,417,240 million at the end of 2019[46] - The total liabilities of the group amounted to CNY 7,446.973 billion, growing by 9.52% year-on-year[32] - The total liabilities increased to RMB 6,986,091 million as of September 30, 2020, from RMB 6,381,880 million at the end of 2019, representing a growth of 9.5%[49] Capital Adequacy - The capital adequacy ratio as of September 30, 2020, was 16.19%, an increase of 0.65 percentage points from the end of 2019[20] - The core tier 1 capital adequacy ratio was 11.65%, a decrease of 0.30 percentage points compared to the end of 2019[20] - The company's Tier 1 capital adequacy ratio under the weighted approach is 11.43%, an increase of 0.68 percentage points compared to the previous year[23] - The total capital adequacy ratio under the weighted approach is 13.09%, an increase of 0.56 percentage points year-on-year[23] Cash Flow - The net cash flow from operating activities for the first nine months of 2020 was RMB 219,828 million, compared to a negative RMB 53,732 million in the same period of 2019[16] - The net cash flow from operating activities was RMB 225,837 million, a significant recovery from a negative RMB 88,713 million in the same period of 2019[60] - The total cash inflow from financing activities was RMB 233,335 million, while cash outflow totaled RMB 417,882 million, resulting in a net cash flow from financing activities of negative RMB 184,547 million[61] Customer Metrics - Customer deposits totaled CNY 5,495.129 billion, up 13.43% year-on-year[32] - The net increase in customer deposits for the first nine months of 2020 was RMB 650,707 million, significantly higher than RMB 363,114 million in the same period of 2019[57] - Retail customer count reached 155 million, a year-on-year growth of 7.64%, with total assets under management (AUM) of RMB 8.63 trillion, up 15.17% from the previous year[40] Non-Performing Loans - The non-performing loan balance was CNY 56.466 billion, with a non-performing loan ratio of 1.13%, a decrease of 0.03 percentage points from the previous year[32] - The company reported a new generation of non-performing loans amounting to RMB 43.46 billion, an increase of RMB 9.69 billion year-on-year, with a total non-performing loan balance of RMB 54.68 billion, resulting in a non-performing loan ratio of 1.17%[35] - The bank's non-performing loan ratio was maintained at a stable level, with credit impairment losses amounting to RMB 52,491 million for the first nine months of 2020, compared to RMB 44,936 million in the same period of 2019[51] Expenses - The company’s business and management expenses for the first nine months were RMB 61.94 billion, a year-on-year increase of 8.28%, with a cost-to-income ratio of 30.31%[35] - Operating expenses totaled RMB 115,649 million for the first nine months of 2020, compared to RMB 102,640 million in the same period of 2019, indicating an increase of 12.7%[54] Investment and Other Income - The company's investment income rose to RMB 15,638 million, reflecting a 31.05% year-on-year increase[43] - The bank's cash received from interest, fees, and commissions was RMB 242,052 million in 2019, showing a slight increase from RMB 228,264 million in the previous year[60] Risk Management - The company plans to continue monitoring risk trends and adjust customer and business structures to maintain overall asset quality stability[38]