Changshu Bank(SH:601128)2023-10-26 16:00Financial Performance - Total operating income for Q3 2023 reached CNY 2,606,069 thousand, an increase of 12.91% year-on-year[4] - Net profit attributable to shareholders was CNY 1,067,762 thousand, reflecting a year-on-year growth of 21.49%[4] - Total operating revenue for the first three quarters of 2023 reached 7,520,406 thousand RMB, an increase of 12.6% compared to 6,681,837 thousand RMB in the same period of 2022[25] - Net profit attributable to shareholders of the parent company for the first three quarters of 2023 was 2,518,231 thousand RMB, up 21.1% from 2,079,403 thousand RMB in the same period of 2022[28] - The net interest income for the first three quarters of 2023 was 6,502,912 thousand RMB, representing a 12.5% increase from 5,781,324 thousand RMB in the same period of 2022[25] - The company’s total comprehensive income for the first three quarters of 2023 was 2,823,690 thousand RMB, compared to 2,375,452 thousand RMB in the same period of 2022, marking a 18.8% increase[31] Asset and Liability Management - Total assets as of September 30, 2023, amounted to CNY 328,458,669 thousand, representing a 14.10% increase compared to the end of the previous year[4] - The total liabilities as of September 30, 2023, were 302,213,691 thousand RMB, an increase of 14.6% from 263,765,708 thousand RMB at the end of 2022[24] - The bank's total deposits reached CNY 243,259,054 thousand, up from CNY 213,445,361 thousand at the end of 2022[7] - The total loan amount increased to CNY 218,509,991 thousand, compared to CNY 193,433,049 thousand at the end of 2022[7] - The net increase in loans and advances for the first three quarters of 2023 was 26,005,657 thousand RMB, compared to 24,666,812 thousand RMB in the same period of 2022[32] Capital and Liquidity Ratios - The weighted average return on equity increased to 17.78%, up by 1.08 percentage points year-on-year[4] - Core Tier 1 capital adequacy ratio stood at 10.24%, slightly up from 10.21% at the end of 2022[11] - The liquidity coverage ratio stood at 230.03%, indicating strong liquidity position with CNY 32,504.47 million in high-quality liquid assets against a net cash outflow of CNY 14,130.45 million over the next 30 days[13] - As of September 30, 2023, the leverage ratio increased to 6.53% from 6.44% in June 2023[12] - The net amount of tier 1 capital reached CNY 25,652.77 million, up from CNY 24,616.29 million in the previous quarter[12] Shareholder Information - The total number of common shareholders at the end of the reporting period was 35,970[15] - The top ten shareholders collectively held 246,896,692 shares, representing 9.01% of total shares[15] Cash Flow Analysis - Cash flow from operating activities for the year-to-date period was CNY 6,731,888 thousand, a significant increase of 98.67% year-on-year[4] - Net cash flow from operating activities increased to ¥6,731,888 from ¥3,388,533, representing a significant growth of 98.1% year-over-year[34] - Cash inflow from investment activities rose to ¥56,599,990 compared to ¥36,245,376, marking an increase of 56.4%[34] - Cash outflow for investment activities totaled ¥60,990,810, up from ¥40,848,738, indicating a rise of 49.3%[34] - The total cash and cash equivalents at the end of the period reached ¥12,489,336, an increase from ¥10,506,955, showing a growth of 18.8%[34] Investor Relations - The company engaged in multiple investor communication events, including 20 meetings with various institutions in September 2023 alone[18][19] - In the first three quarters of 2023, the company completed 8 credit asset transfers totaling CNY 8,995 million, with 3 transfers in Q3 amounting to CNY 3,554 million[20] - As of September 30, 2023, the balance of asset securitization was CNY 8,976 million[20] - The adjusted on-balance and off-balance sheet asset balance increased to CNY 392,782.54 million from CNY 382,264.57 million in the previous quarter[12] Employee and Tax Expenses - Cash paid for employee compensation increased to ¥1,741,557 from ¥1,619,898, a rise of 7.5%[34] - Cash paid for various taxes decreased slightly to ¥867,646 from ¥896,912, a decrease of 3.3%[34]