CCB(SH:601939)2019-10-30 16:00Financial Performance - Net profit for the third quarter was RMB 71,674 million, representing a year-on-year increase of 6.36%[5] - The net profit for the nine months ending September 30, 2019, was RMB 227.38 billion, representing a year-on-year growth of 5.83%[14] - The bank's net profit for the period showed a significant increase, with undistributed profits rising to RMB 1,139,380 million compared to RMB 990,872 million at the end of 2018, reflecting a growth of approximately 15.0%[22] - The bank's net profit for the nine months ended September 30, 2019, was RMB 227,382 million, an increase from RMB 214,856 million, representing a growth of 5.8%[27] - The total comprehensive income attributable to shareholders for the nine months was RMB 278,124 million, compared to RMB 263,834 million in the same period of 2018, reflecting a growth of 5.4%[27] Revenue and Income - Operating revenue for the nine months ended September 30, 2019, was RMB 539,635 million, up 7.66% from the previous year[5] - The total operating income for the nine months ended September 30, 2019, was RMB 539,635 million, an increase from RMB 501,232 million in the same period of 2018, representing a growth of 7.6%[24] - Net interest income increased to RMB 379.52 billion, up 3.77% year-on-year, with a net interest margin of 2.12%[14] - Net interest income reached RMB 379,522 million, compared to RMB 365,725 million in the previous year, reflecting a year-on-year increase of 3.1%[24] - Fee and commission income increased to RMB 120,127 million, up from RMB 106,204 million, marking a growth of 13.1% year-on-year[25] - Investment income rose to RMB 15.01 billion, a year-on-year increase of 45.49%[17] - Investment income from associates and joint ventures was RMB 15,007 million, a significant increase from RMB 10,315 million, representing a growth of 45.9%[24] Assets and Liabilities - Total assets reached RMB 24,517,730 million as of September 30, 2019, an increase of 5.58% compared to RMB 23,222,693 million at the end of 2018[5] - The total liabilities amounted to RMB 22,364,764 million, up from RMB 21,231,099 million at the end of 2018, indicating an increase of about 5.34%[21] - The bank's equity attributable to shareholders totaled RMB 2,136,034 million, compared to RMB 1,976,463 million at the end of 2018, indicating a growth of about 8.08%[22] - The total deposits increased to RMB 18,463.83 billion, reflecting a growth of RMB 1,355.15 billion or 7.92%[13] - Customer deposits reached RMB 18,463,826 million, an increase from RMB 17,108,678 million at the end of 2018, marking a growth of about 7.93%[21] Shareholder Information - The number of ordinary shareholders as of September 30, 2019, was 350,336, with 42,613 holding H shares and 307,723 holding A shares[7] - The top shareholder, Central Huijin Investment Ltd., held 57.03% of the shares, totaling 142,590,494,651 H shares[8] - As of September 30, 2019, there were 19 preferred shareholders, with 18 being domestic and 1 being foreign[9] Cash Flow and Financing - The net cash flow from operating activities for the nine months was RMB 177,939 million, showing a significant decrease of 76.11% compared to the previous year[5] - The group's cash flow from financing activities showed a net outflow of RMB 94,368 million, compared to a net outflow of RMB 8,015 million in the same period of 2018, indicating a significant increase in cash outflow[34] - The total cash inflow from financing activities was RMB 48,301 million for the nine months ended September 30, 2019, down from RMB 75,592 million in the same period of 2018, indicating a decline of 36.1%[34] - The group's total cash and cash equivalents at the end of September 30, 2019, were RMB 648,516 million, down from RMB 990,420 million at the end of September 30, 2018, reflecting a decrease of 34.5%[37] Risk Management - The non-performing loan ratio was 1.43%, a decrease of 0.03 percentage points from the end of the previous year, with a provision coverage ratio of 218.28%[13] - The bank's non-performing loan (NPL) ratio remained stable at 1.5%, consistent with the previous year, indicating effective risk management[27] - The group reported a credit impairment loss of RMB 109,943 million for the nine months ended September 30, 2019, compared to RMB 100,611 million in the same period of 2018, reflecting an increase of 9.3%[35] Capital Adequacy - The group’s capital adequacy ratio stood at 17.30%, with a Tier 1 capital ratio of 14.50% and a core Tier 1 capital ratio of 13.96%, all meeting regulatory requirements[13] - The group's core tier 1 capital adequacy ratio was 13.96% as of September 30, 2019, compared to 13.80% at the end of December 2018, indicating a slight improvement in capital strength[40] - The group's leverage ratio was 8.27% as of September 30, 2019, meeting regulatory requirements, and showing an increase from 7.98% at the end of March 2019[41] Liquidity - The liquidity coverage ratio for the group averaged 138.83% in the third quarter of 2019, which is a decrease of 5.05 percentage points compared to the second quarter of 2019, primarily due to a reduction in high-quality liquid assets[42] - The total qualified liquid assets amounted to RMB 4,196,573 million[1]