2019-10-25 16:00Financial Performance - Net profit for the quarter was RMB 59,419 million, representing a 6.43% increase year-on-year[5]. - The bank's net profit attributable to shareholders was RMB 59,226 million, a 6.10% increase year-on-year[5]. - The company achieved a net profit of CNY 181.79 billion for the nine months ended September 30, 2019, representing a year-on-year growth of 5.81%[19]. - The net profit attributable to shareholders for the nine months ended September 30, 2019, reached RMB 180,671 million, representing an increase of 5.8% from RMB 171,611 million in the previous year[40]. - The total comprehensive income for the nine months ended September 30, 2019, was RMB 191,748 million, slightly up from RMB 191,288 million in the same period of 2018[41]. Income and Revenue - Operating income for the quarter was RMB 151,802 million, up 0.43% from the same period last year[5]. - Total operating income reached CNY 474.98 billion, an increase of 3.83% compared to the same period last year[19]. - Net interest income was CNY 360.47 billion, showing a year-on-year growth of 1.42%[19]. - Net fee and commission income rose to CNY 69.86 billion, reflecting a growth of 12.02% year-on-year[19]. - The bank's net fee and commission income for the nine months ended September 30, 2019, was RMB 69,857 million, a rise of 12.0% compared to RMB 62,362 million in the same period of 2018[40]. Assets and Liabilities - Total assets reached RMB 24,870,961 million, an increase of 10.00% compared to the end of the previous year[5]. - The bank's total liabilities were RMB 22,947,501 million, an increase of 9.61% compared to the previous year[5]. - The total assets of the bank reached RMB 24,870,961 million as of September 30, 2019, compared to RMB 22,609,471 million at the end of 2018[38]. - The total liabilities increased to RMB 22,947,501 million as of September 30, 2019, from RMB 20,934,684 million at the end of 2018[38]. Shareholder Information - The number of ordinary shareholders reached 439,368, with 416,476 being A-share holders[8]. - The top two shareholders, Central Huijin Investment and the Ministry of Finance, hold 40.03% and 39.21% of A-shares respectively[9]. - The bank's equity attributable to shareholders increased to CNY 19,234.60 billion, a growth of 14.85% compared to the previous year-end[20]. Capital and Ratios - Core Tier 1 capital adequacy ratio stood at 11.19%, slightly up from 11.08% at the end of the previous year[31]. - The bank issued CNY 1,200 billion of perpetual bonds in August and September 2019 to supplement its other Tier 1 capital[27]. - The annualized weighted average return on equity was 14.35%, down by 1.59 percentage points compared to the previous year[19]. - The return on average equity (annualized) decreased by 1.44 percentage points to 14.11%[5]. Credit and Impairment - Credit impairment losses totaled CNY 104.16 billion, with loan impairment losses increasing by CNY 1.68 billion year-on-year[19]. - The bank reported a credit impairment loss of RMB 104,163 million for the nine months ended September 30, 2019, compared to RMB 102,520 million in the same period of 2018, indicating a slight increase in credit risk[40]. - Non-performing loan balance decreased to CNY 1,882.36 billion, with a non-performing loan ratio of 21.42%, down 0.17 percentage points from the end of the previous year[21]. - The provision coverage ratio improved to 3281.26%, an increase of 29.08 percentage points compared to the previous year-end[21]. Expenses and Efficiency - The cost-to-income ratio was 27.10%, a decrease of 0.31 percentage points year-on-year[19]. - Business and management expenses amounted to CNY 128.72 billion, reflecting a year-on-year increase of 2.66%[19]. - The bank's total operating expenses for the nine months ended September 30, 2019, were RMB 258,288 million, an increase from RMB 248,767 million in the same period of 2018[40]. Liquidity and Cash Flow - The average liquidity coverage ratio for the third quarter of 2019 was 120.1%, a decrease of 3.1 percentage points from the previous quarter[33]. - The total qualified high-quality liquid assets amounted to RMB 4,848,089 million, while the expected total cash outflows were RMB 4,870,498 million[34]. - The net cash outflow was RMB 3,503,789 million, resulting in a liquidity coverage ratio of 120.1%[34]. - The total cash inflow from operating activities was RMB 2,529,836 million, compared to RMB 2,126,220 million in the previous year, reflecting an increase of approximately 18.9%[46].