SRCB(SH:601825)2023-10-27 16:00Financial Performance - Total operating income for Q3 2023 was RMB 6,528,766 thousand, a decrease of 2.13% compared to the same period last year[3] - Net profit attributable to shareholders of the parent company for Q3 2023 was RMB 3,473,058 thousand, an increase of 10.88% year-on-year[3] - The annualized return on average equity for Q3 2023 was 12.81%, up by 0.10 percentage points from the same period last year[3] - The company achieved operating revenue of RMB 20.415 billion, a year-on-year increase of 4.49%[14] - Net profit attributable to shareholders reached RMB 10.401 billion, up 15.82% year-on-year[15] - Operating income for the first nine months of 2023 reached RMB 20,414,567 thousand, an increase from RMB 19,537,054 thousand in the same period of 2022, representing a growth of approximately 4.5%[33] - Net interest income was RMB 15,714,902 thousand, slightly up from RMB 15,556,617 thousand year-on-year, indicating a growth of about 1.0%[33] - The bank's total profit for the period was RMB 12,918,575 thousand, up from RMB 11,330,237 thousand in the previous year, marking a growth of around 14.0%[34] - Basic earnings per share for the first nine months of 2023 were RMB 1.08, up from RMB 0.93 in the same period of 2022, indicating an increase of approximately 16.1%[34] Asset and Liability Management - Total assets as of September 30, 2023, reached RMB 1,368,423,710 thousand, representing a growth of 6.79% compared to the end of 2022[4] - The total liabilities as of September 30, 2023, were RMB 1,254,561,456 thousand, an increase of 6.71% from the end of 2022[4] - Customer deposits amounted to RMB 997,017,383 thousand as of September 30, 2023, up from RMB 961,369,501 thousand at the end of 2022[32] - The company's total assets increased, with customer deposits and interbank deposits rising to RMB 24,524,846 thousand, compared to RMB 51,343,782 thousand in the previous year[35] - The company's debt securities issued increased to RMB 100,429,885 thousand as of September 30, 2023, compared to RMB 87,225,642 thousand at the end of 2022[32] Credit Quality - The non-performing loan ratio increased to 0.97% as of September 30, 2023, compared to 0.94% at the end of 2022[11] - The company’s non-performing loan ratio stood at 0.97%, with a provision coverage ratio of 415.48%[15] - The bank's credit impairment losses decreased to RMB 1,950,024 thousand from RMB 2,417,003 thousand, reflecting a reduction of about 19.3%[33] Cash Flow and Investment Activities - The net cash flow from operating activities for the first nine months of 2023 was RMB 24,037,311 thousand, a significant decrease of 59.03% year-on-year[6] - Cash inflow from investment activities totaled RMB 69,096,736 thousand, a decrease from RMB 78,600,791 thousand in the same period last year[36] - Cash outflow from investment activities amounted to RMB 124,237,797 thousand, slightly up from RMB 123,450,502 thousand year-over-year[36] - Net cash flow used in investment activities was RMB (55,141,061) thousand, compared to RMB (44,849,711) thousand in the previous year[36] - Cash inflow from financing activities reached RMB 98,555,262 thousand, an increase from RMB 82,074,366 thousand year-over-year[36] - Cash outflow from financing activities was RMB 90,969,269 thousand, up from RMB 77,421,173 thousand in the same period last year[36] - Net cash flow from financing activities was RMB 7,585,993 thousand, compared to RMB 4,653,193 thousand in the previous year[36] Capital Adequacy - The capital adequacy ratio stood at 15.69% as of September 30, 2023, up from 15.46% at the end of 2022[8] - The bank's core tier 1 capital adequacy ratio was 13.25% as of September 30, 2023, compared to 12.96% at the end of 2022[8] - The capital reserve increased to RMB 16,544,104 thousand as of September 30, 2023, from RMB 16,495,416 thousand at the end of 2022[32] Digital Transformation and Innovation - The company is focusing on digital transformation, enhancing technology management mechanisms and improving delivery capabilities[25] - Online channel users increased to 6.03 million, a growth of 6.3% compared to the previous year, with electronic channels accounting for 96.14% of wealth management and 88.42% of fund transactions[22] - The average monthly active users of the mobile banking app increased by 16.64% year-over-year, reflecting enhanced user engagement[25] Green Finance Initiatives - The company is actively promoting green finance and supporting the national strategy for economic development in the Yangtze River Delta region[23] - On July 13, 2023, the company issued its first green financial bond of RMB 3 billion with a coupon rate of 2.67%[30] - Green credit balance increased by RMB 14.577 billion, a growth of 33.46% year-on-year, reaching RMB 458.144 billion[18]