Bank Of Shanghai(SH:601229)2021-10-27 16:00Financial Performance - In Q3 2021, Shanghai Bank reported operating income of RMB 13,751,360 thousand, an increase of 13.43% year-on-year[4] - The net profit attributable to shareholders of the parent company for Q3 2021 was RMB 4,366,208 thousand, reflecting an increase of 11.36% compared to the same period last year[4] - The company achieved operating revenue of RMB 41.456 billion for the first nine months of 2021, representing a year-on-year growth of 10.44%[14] - Net profit attributable to shareholders of the parent company reached RMB 16.644 billion, with a year-on-year increase of 10.58%[14] - The net profit from continuing operations for the first three quarters of 2021 was RMB 16.672 billion, compared to RMB 15.077 billion in the same period last year[32] - The total comprehensive income for the first nine months of 2021 was CNY 15,732,701 thousand, slightly down from CNY 15,814,793 thousand in 2020[35] Asset and Liability Management - The total assets of Shanghai Bank as of September 30, 2021, reached RMB 2,652,036,988 thousand, a growth of 7.71% compared to the end of 2020[4] - The total liabilities as of September 30, 2021, were RMB 2,450.680 billion, an increase from RMB 2,271.205 billion at the end of 2020[31] - Cash and cash equivalents at the end of the period increased to CNY 73,064,753 thousand from CNY 56,460,993 thousand, representing a growth of approximately 29.4%[38] - The group reported a net increase in customer deposits of CNY 159,247,026 thousand, compared to CNY 119,282,385 thousand in the previous year, reflecting a growth of about 33.5%[36] Capital Adequacy and Ratios - The core tier 1 capital adequacy ratio stood at 9.08% as of September 30, 2021, compared to 9.34% at the end of 2020[7] - The company’s capital adequacy ratio was 12.37%, with the core tier 1 capital ratio at 9.08%, both exceeding regulatory requirements[17] - The bank's leverage ratio was 6.48% as of September 30, 2021, slightly down from 6.53% in the previous quarter[8] Profitability Metrics - The annualized return on average assets was 0.66%, showing an increase of 0.01 percentage points from the previous year[4] - The weighted average return on equity for the parent company's ordinary shareholders was 9.78%, an increase of 0.26 percentage points year-on-year[4] - The weighted average return on equity (ROE) for the first nine months was 12.56%, an increase of 0.23 percentage points compared to the previous year[14] - The basic earnings per share rose to CNY 1.17 from CNY 1.06, marking an increase of about 10.4%[35] Loan and Credit Quality - The total amount of customer loans and advances reached RMB 1,212.501 billion, with a total impairment provision of RMB 47.828 billion[10] - The non-performing loan ratio stood at 1.19%, a slight decrease from 1.22% at the end of the previous year[10] - The provision coverage ratio improved to 331.77%, up from 321.38% at the end of the previous year[10] - The balance of personal loans and advances was CNY 3,740.66 billion, an increase of 7.52% year-on-year[22] Digital Transformation and Innovation - The company is focusing on digital transformation and optimizing business structure as part of its three-year development plan (2021-2023)[13] - The company is actively enhancing its financial technology support to improve risk management mechanisms[13] - The average number of product collaborations with key clients increased to 10.89, up by 9.56% from the previous year[21] - For the first three quarters of 2021, the transaction amount of internet business reached RMB 6.94 trillion, a year-on-year growth of 57.47%[25] Customer Base and Retail Banking - The number of retail customers reached 19.17 million, an increase of 5.56% year-on-year, with total retail customer assets under management (AUM) at CNY 8,815.29 billion, up 17.68%[22] - By the end of September 2021, the number of personal online customers was 42.6226 million, a growth of 9.69% year-on-year[25] - The average daily deposits driven by online financial services amounted to RMB 33.952 billion, representing a year-on-year increase of 27.10%[25] Investment and Financing Activities - The company issued RMB 30 billion financial bonds in August 2021, with a fixed interest rate of 3.03% for a three-year term[27] - The total investment cash outflow was CNY 361,417,224 thousand, compared to CNY 370,120,392 thousand in the previous year, indicating a decrease of approximately 2.0%[37] - The net cash flow from financing activities was CNY 67,101,012 thousand, significantly higher than CNY 11,263,222 thousand in the previous year, showing a substantial increase[38]