2023-10-30 16:00Financial Performance - The bank's net profit for the first three quarters of 2023 reached RMB 37.906 billion, representing a year-on-year increase of 3.11%[8] - The bank's operating income for Q3 2023 was RMB 35.710 billion, an increase of 8.02% year-on-year[8] - The diluted earnings per share for the first three quarters of 2023 was RMB 0.56, reflecting a year-on-year increase of 5.66%[8] - Operating income for the first nine months was RMB 112.230 billion, a decrease of 4.30% year-on-year[15] - The bank's total comprehensive income for the first nine months of 2023 was RMB 39,518 million, compared to RMB 35,289 million in 2022, reflecting a growth of 12.4%[31] - Basic earnings per share for the first nine months of 2023 were RMB 0.57, slightly down from RMB 0.59 in the same period of 2022[31] - The bank's total operating income for the first nine months of 2023 was RMB 112,230 million, a decrease of 4.5% compared to RMB 117,278 million in the same period of 2022[30] - The bank's investment income for the first nine months of 2023 was RMB 7,287 million, compared to RMB 9,492 million in the same period of 2022, reflecting a decline of 23.2%[30] Asset and Liability Management - Total assets as of September 30, 2023, amounted to RMB 6,834.936 billion, an increase of 8.48% compared to the end of 2022[8] - The total liabilities of the bank reached RMB 6,284,532 million, compared to RMB 5,790,497 million at the end of 2022, indicating an increase of about 8.5%[27] - The bank's total equity as of September 30, 2023, was RMB 550,404 million, up from RMB 510,013 million at the end of 2022, reflecting a growth of approximately 7.9%[28] - The bank's loans and advances amounted to RMB 3,684,219 million, an increase from RMB 3,499,351 million at the end of 2022, showing a growth of about 5.3%[26] - The bank's deposits reached RMB 4,085,395 million, compared to RMB 3,917,168 million at the end of 2022, representing an increase of approximately 4.3%[27] Risk Management and Credit Quality - Non-performing loan balance was RMB 50.833 billion, an increase of RMB 6.159 billion from the end of the previous year, with a non-performing loan ratio of 1.35%[15] - The bank's credit impairment losses for the first nine months of 2023 were RMB 35,486 million, a decrease of 13% from RMB 40,724 million in 2022[30] Capital and Liquidity - Capital adequacy ratio stood at 13.42%, with a Tier 1 capital ratio of 11.28% and a core Tier 1 capital ratio of 9.11%[15] - The liquidity coverage ratio was 126.95% as of September 30, 2023[13] - The leverage ratio was 6.96%, an increase of 0.15 percentage points from the end of the previous year[15] Digital Transformation and Strategic Focus - The bank is focusing on digital transformation and enhancing its risk management capabilities to support sustainable development and economic growth[6] - The bank is focusing on digital transformation and enhancing its retail banking capabilities through various systems upgrades[16][17] - The bank aims to expand its wealth management services and improve customer engagement through a diversified product matrix[16] Shareholder Structure and Equity - The total number of ordinary shareholders at the end of the reporting period was 186,569, with the top ten shareholders holding a combined 41.00% of A shares, totaling 24,227,813,441 shares[19] - China Everbright Group holds 3.02% of H shares, amounting to 1,782,965,000 shares, while Hong Kong Central Clearing (Agent) Limited holds 8.87% of H shares, totaling 5,238,337,290 shares[19] - The bank's shareholder structure includes significant stakes from state-owned entities, with China Life Reinsurance holding 2.59% of H shares, totaling 1,530,397,000 shares[19] Cash Flow and Investment Activities - The net cash flow from operating activities was RMB 78.119 billion, compared to RMB 129.604 billion in the same period last year[14] - The net cash flow from investing activities was RMB (252,953) million for the nine months ended September 30, 2023, compared to RMB (65,942) million for the same period in 2022, indicating a worsening of cash outflow[36] - The net cash flow from financing activities was RMB 139,870 million for the nine months ended September 30, 2023, compared to RMB 84,803 million for the same period in 2022, showing an increase of approximately 64.8%[37] Other Comprehensive Income - The bank's other comprehensive income showed a significant improvement, with a value of RMB 1,020 million compared to a loss of RMB 590 million previously[28] - The total other comprehensive income attributable to shareholders for the three months ended September 30, 2023, was RMB (1,699) million, compared to RMB 353 million for the same period in 2022, indicating a significant decline[33]