2020-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 12.36% to RMB 52,712 million for the first nine months of 2020, compared to RMB 60,147 million in the same period of 2019[5] - The company reported a decrease in net profit excluding non-recurring gains and losses by 12.79% to RMB 52,283 million compared to RMB 59,951 million in the previous year[5] - The net profit attributable to minority shareholders for the first nine months of 2020 was CNY 11,566 million, a 50.89% increase compared to CNY 7,665 million in the same period of 2019[24] - The net profit attributable to shareholders for Q3 2020 was RMB 16,207 million, a decrease from RMB 17,398 million in Q3 2019, reflecting a decline of 6.8%[33] - The total comprehensive income attributable to shareholders for the first nine months of 2020 was RMB 46,778 million, compared to RMB 62,504 million in the same period of 2019, reflecting a decline of 25.3%[34] - Net profit for the third quarter of 2020 was RMB 13,762 million, compared to RMB 15,445 million in the same quarter of 2019, indicating a decline of 10.9%[36] - Total comprehensive income for the third quarter was RMB 9,669 million, down from RMB 16,529 million in the previous year, representing a decrease of 41.9%[37] Assets and Liabilities - Total assets reached RMB 10,795,571 million as of September 30, 2020, an increase of 8.98% compared to RMB 9,905,600 million at the end of 2019[5] - Total liabilities were RMB 9,958,894 million, up 9.38% from RMB 9,104,688 million at the end of 2019[5] - The total assets of the group reached CNY 10,795.57 billion, an increase of 8.98% compared to the end of the previous year[15] - The total liabilities amounted to CNY 9,958.89 billion, reflecting a growth of 9.38% year-on-year[15] - The company’s total liabilities as of September 30, 2020, were CNY 9,958,894 million, compared to CNY 9,104,688 million at the end of 2019[30] - The company’s total equity as of September 30, 2020, was CNY 836,677 million, an increase from CNY 800,912 million at the end of 2019[30] Customer Loans and Deposits - Customer loans amounted to RMB 5,816,696 million, reflecting a growth of 9.66% from RMB 5,304,275 million year-over-year[5] - The balance of customer loans was CNY 5,816.70 billion, up 9.66% from the end of the previous year[19] - Customer deposits reached CNY 6,541.59 billion, an increase of 8.93% year-on-year[20] - The company reported a net increase in customer deposits of RMB 743,031 million, compared to RMB 310,571 million in the previous year, showing a growth of 138.5%[38] Income and Expenses - The net interest income for the period was CNY 114.01 billion, an increase of 7.23% year-on-year[16] - Total interest income for the first nine months of 2020 reached RMB 278,001 million, compared to RMB 274,701 million in the same period of 2019, showing a slight increase of 1.2%[33] - The company’s fee and commission income for Q3 2020 was RMB 11,807 million, slightly down from RMB 12,375 million in Q3 2019, a decrease of 4.6%[33] - The company’s total operating expenses for the third quarter were RMB 35,554 million, compared to RMB 33,131 million in the same quarter of 2019, reflecting an increase of 7.3%[36] Cash Flow - The net cash flow from operating activities was RMB 184,193 million, a significant increase of 188.41% compared to RMB 63,866 million in the previous year[6] - The net cash inflow from operating activities for the first nine months of 2020 was RMB 806,471 million, compared to RMB 1,044,836 million in the same period of 2019, indicating a decrease of approximately 22.8%[40] - The net cash inflow from financing activities for the third quarter of 2020 was RMB 84,669 million, significantly up from RMB 17,287 million in the same period of 2019, representing an increase of approximately 389.5%[41] - The net cash outflow from investment activities for the third quarter of 2020 was RMB 71,936 million, compared to RMB 99,512 million in the same period of 2019, showing an improvement of approximately 27.8%[41] Credit and Impairment - The credit impairment losses increased by 40.52% to CNY 51.91 billion compared to the previous year[19] - The credit impairment losses increased by 40.52% to CNY 51,914 million from CNY 36,945 million year-on-year, attributed to the impact of the COVID-19 pandemic[24] - The non-performing loan balance was CNY 97.01 billion, an increase of 24.31% compared to the previous year[22] - The provision coverage ratio decreased to 150.81%, down 20.96 percentage points from the previous year[22] - The company reported a credit impairment loss of RMB 18,581 million in Q3 2020, compared to RMB 15,401 million in Q3 2019, which is an increase of 14.2%[33] Capital and Liquidity - The capital adequacy ratio at the end of the reporting period was 14.47%, with a Tier 1 capital adequacy ratio of 12.13% and a core Tier 1 capital adequacy ratio of 10.41%, all meeting regulatory requirements[42] - The leverage ratio at the end of the reporting period was 7.07%, which satisfies regulatory requirements[45] - The average liquidity coverage ratio for the third quarter of 2020 was 133.21%, an increase of 6.68 percentage points from the previous quarter, primarily due to an increase in high-quality liquid assets[46] - The total amount of high-quality liquid assets was RMB 1,998,451 million, supporting the liquidity coverage ratio[47] Shareholder Information - The total number of ordinary shareholders was 415,688, with 382,404 holding A shares and 33,284 holding H shares[8] - The top ten shareholders held a total of 16.37% of the company's issued ordinary shares, with the largest shareholder being the Ministry of Finance of the People's Republic of China[10]