2020-10-30 16:00Financial Performance - Operating income for the quarter was RMB 159,072 million, up 4.79% from the same period last year[6] - Net profit for the quarter was RMB 56,721 million, a decrease of 4.54% year-on-year[6] - The bank's net profit attributable to shareholders decreased by 4.60% to RMB 56,501 million[6] - The company achieved a net profit of CNY 165.91 billion for the nine months ending September 30, 2020, a decrease of 8.7% year-on-year[20] - Basic earnings per share were CNY 0.45, a decrease of CNY 0.06 year-on-year[20] - The total comprehensive income for the nine months ended September 30, 2020, was RMB 156,732 million, down from RMB 191,748 million in the same period of 2019[47] - Net profit for the nine months ended September 30, 2020, was RMB 165,911 million, a decrease of 8.7% compared to RMB 181,791 million for the same period in 2019[46] - The bank's net interest income for the third quarter of 2020 was RMB 134,168 million, an increase of 9.9% from RMB 122,051 million in the same quarter of 2019[48] Assets and Liabilities - Total assets reached RMB 27,296,753 million, an increase of 9.72% compared to the end of the previous year[5] - Total liabilities were CNY 251,323.74 billion, an increase of CNY 22,138.48 billion or 9.66% compared to the previous year-end[21] - The bank's equity increased to CNY 21,643.79 billion, reflecting a growth of CNY 2,046.17 billion or 10.44% year-on-year[21] - As of September 30, 2020, total assets reached CNY 272,967.53 billion, an increase of CNY 24,184.65 billion or 9.72% compared to the end of the previous year[21] - The total loans and advances amounted to RMB 14,356,921 million, an increase from RMB 12,819,610 million as of December 31, 2019[42] - The cash and deposits at the central bank were RMB 2,520,794 million, slightly down from RMB 2,699,895 million at the end of 2019[42] Customer Deposits and Loans - Customer deposits totaled RMB 20,780,341 million, representing a 10.25% increase from the previous year[5] - The net increase in customer loans and advances for the nine months ended September 30, 2020, was RMB 1,607,078 million, compared to RMB 1,381,624 million in the previous year[53] Income and Expenses - Net interest income reached CNY 393.79 billion, up 9.24% year-on-year[20] - Net fee and commission income was CNY 73.62 billion, reflecting a year-on-year growth of 5.38%[20] - Business and management expenses totaled CNY 129.30 billion, an increase of 0.45% year-on-year[20] - The cost-to-income ratio was 25.95%, down 1.15 percentage points year-on-year[20] Credit and Impairment - Credit impairment losses amounted to CNY 139.07 billion, an increase of CNY 34.91 billion year-on-year, with loan impairment losses at CNY 118.95 billion[20] - Non-performing loan balance increased to CNY 2,262.13 billion, with a non-performing loan ratio of 1.52%, up 0.12 percentage points from the end of the previous year[22] - The bank's provision coverage ratio decreased to 272.44%, down 16.31 percentage points from the previous year-end[22] Capital Adequacy - The bank's core Tier 1 capital adequacy ratio was 10.85% as of September 30, 2020, down from 11.24% at the end of the previous year[34] - The bank's capital adequacy ratio was 14.5% as of September 30, 2020, maintaining a stable position compared to previous periods[46] Cash Flow and Financing Activities - Cash flow from operating activities for the nine months ended September 30, 2020, was a net outflow of RMB 289,805 million, compared to a net inflow of RMB 102,137 million in the same period of 2019[53] - The bank's net cash flow from investment activities for the nine months ended September 30, 2020, was a net outflow of RMB 439,843 million, compared to a net outflow of RMB 265,084 million in 2019[53] - The net cash flow from financing activities for the group was RMB 287,920 million, an increase of 15.6% compared to RMB 249,139 million in the same period of 2019[54] Shareholder Information - The number of ordinary shareholders reached 473,772, with 451,449 being A-share holders[9] - The top two shareholders, Central Huijin Investment and the Ministry of Finance, hold 40.03% and 35.29% of A-shares, respectively[10] - The group paid dividends totaling RMB 71,177 million, an increase of 12.5% from RMB 63,062 million in the previous year[54]