2023-10-27 16:00Capital Adequacy and Financial Ratios - As of September 30, 2023, the core Tier 1 capital adequacy ratio was 12.86%, down 0.37 percentage points from the end of 2022[6] - The return on risk-adjusted capital (RAROC) was 27.86%, maintaining a high level[6] - The core tier 1 capital adequacy ratio as of September 30, 2023, was 13.37%, a decrease of 0.31 percentage points from the end of 2022[37] - The average return on total assets (ROAA) was 1.46%, down 0.04 percentage points year-on-year[63] - The average return on equity (ROAE) was 17.38%, a decrease of 0.84 percentage points compared to the previous year[63] - The provision coverage ratio was 468.96%, up 1.53 percentage points from the end of the previous year[124] - The loan provision ratio stood at 4.39% at the end of the reporting period[124] Customer and Asset Growth - The number of retail customers reached 194 million, an increase of 5.43% compared to the end of 2022[13] - The total assets under management (AUM) for retail customers amounted to RMB 13,080.39 billion, reflecting a growth of 7.90% from the end of 2022[13] - The number of high-net-worth clients (with average total assets of RMB 500,000 or more) increased to 4.5292 million, up 9.31% year-on-year[13] - The total asset management scale of subsidiaries, including CMB Wealth Management and CMB Fund, reached RMB 4.53 trillion, a growth of 2.72% from the end of 2022[14] - The total assets of the company reached RMB 10,668.01 billion, up from RMB 10,138.91 billion at the end of 2022[17] - Total assets as of September 30, 2023, reached RMB 10,668,009 million, an increase of 5.22% compared to the end of 2022[30] - The total assets of the group reached CNY 10,668.009 billion, growing by 5.22% compared to the end of the previous year[66] Profitability and Income - The net profit attributable to shareholders for the first three quarters of 2023 was RMB 80.12 billion, representing a year-on-year increase of 6.5%[6] - The bank's net profit attributable to shareholders increased to RMB 560,687 million, up from RMB 492,971 million, indicating a growth of 13.75%[20] - Net profit attributable to shareholders for the first nine months of 2023 was RMB 113,890 million, a year-on-year increase of 6.52%[40] - The company reported a net interest income of RMB 162,286 million for the first nine months of 2023, remaining stable compared to the previous year[40] - Total operating income for the first nine months of 2023 was RMB 260,279 million, a slight decrease of 1.72% year-on-year[40] - The total profit for the first nine months of 2023 was RMB 122,777 million, an increase from RMB 117,895 million in the same period of 2022[100] Loans and Advances - The loan balance stood at RMB 6,194.12 billion, an increase from RMB 5,807.15 billion at the end of 2022[17] - The total loans and advances amounted to CNY 6,455.546 billion, reflecting a growth of 6.68% year-on-year[66] - The retail loan segment accounted for 54.53% of the total loan balance, with a retail NPL balance of RMB 28.55 billion and an NPL ratio of 0.86%[92] - The company generated new NPLs amounting to RMB 45.50 billion during the reporting period, with an annualized NPL generation rate of 1.03%, a decrease of 0.10 percentage points year-on-year[96] - The company’s total loan balance in the manufacturing sector was RMB 521.35 billion, with an NPL ratio of 0.69%[92] Customer Deposits and Liabilities - Customer deposits rose to RMB 8,057,712 million, up from RMB 7,590,579 million, marking an increase of 6.16%[20] - The bank's total liabilities decreased in the category of interbank and other financial institutions' deposits to RMB 474,564 million from RMB 645,674 million, a decrease of 26.49%[20] - The group's total liabilities were CNY 9,646.670 billion, up 5.03% from the previous year, mainly due to an increase in customer deposits[82] - The net increase in customer deposits for the first nine months of 2023 was RMB 444,750 million, a significant decrease from RMB 742,989 million in the same period of 2022[104] Cash Flow and Investments - Net cash flow from operating activities for the first nine months of 2023 decreased by 63.38% year-on-year to RMB 53,648 million, primarily due to a reduction in net customer deposits[31] - Cash outflow from operating activities totaled RMB 787,494 million in the first nine months of 2023, compared to RMB 1,000,304 million in 2022, reflecting a decrease of approximately 21.3%[113] - Investment activities generated a net cash outflow of RMB 191,954 million in the first nine months of 2023, compared to RMB 273,196 million in the same period of 2022[104] - The total cash and cash equivalents at the end of September 2023 stood at RMB 383,104 million, compared to RMB 340,433 million at the end of September 2022, showing an increase of about 12.5%[115] Risk Management and Economic Outlook - The company plans to enhance risk management in key sectors and improve asset quality amid economic uncertainties[35] - The company plans to continue supporting housing demand and enhancing risk management in the real estate sector amid ongoing market changes[85] - The NPL ratio for the real estate sector increased to 5.31%, reflecting the impact of high-debt real estate companies and operational challenges faced by certain clients[91]