CCB(601939)2022-10-28 16:00Financial Performance - The net profit attributable to shareholders for Q3 2022 was RMB 85,640 million, representing an increase of 8.61% compared to the same period last year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 85,644 million, with an increase of 8.44% year-on-year[4]. - Net profit for the nine months ended September 30, 2022, was RMB 246.72 billion, representing a year-on-year growth of 5.81%[14]. - The bank's net profit for the nine months ended September 30, 2022, was RMB 246,724 million, compared to RMB 233,173 million for the same period in 2021, representing an increase of approximately 5.8%[22]. - The total comprehensive income for the group reached RMB 253,670 million for the nine months ended September 30, 2022, compared to RMB 239,768 million for the same period in 2021, representing an increase of approximately 5.0%[25]. - The basic and diluted earnings per share were RMB 0.99 for the nine months ended September 30, 2022, compared to RMB 0.93 for the same period in 2021, reflecting a growth of 6.5%[25]. Cash Flow and Liquidity - The operating cash flow for the first nine months of 2022 was RMB 824,265 million, showing a significant increase of 74.18% compared to the previous year[6]. - The net cash inflow from operating activities was RMB 824,265 million for the nine months ended September 30, 2022, compared to RMB 473,225 million for the same period in 2021, indicating a significant increase of 74.3%[27]. - The net increase in cash and cash equivalents was RMB 4,426,146 million for the nine months ended September 30, 2022, compared to RMB 3,125,190 million for the same period in 2021, indicating a growth of 41.7%[27]. - The cash and cash equivalents at the end of the period amounted to RMB 1,108,805 million, compared to RMB 1,062,898 million at the end of September 2021, showing an increase of approximately 4.3%[33]. - The group experienced a net increase in cash and cash equivalents of RMB 303,205 million, compared to RMB 183,967 million in the same period of 2021, reflecting an increase of approximately 64.5%[33]. Assets and Liabilities - The bank's total assets as of September 30, 2022, reached RMB 34,299,695 million, reflecting a year-on-year increase of 13.37%[4]. - Total liabilities amounted to RMB 31.49 trillion, up RMB 3.85 trillion or 13.92% compared to the end of last year[11]. - As of September 30, 2022, the total liabilities of China Construction Bank amounted to RMB 31,486,358 million, an increase from RMB 27,639,857 million as of December 31, 2021, representing a growth of approximately 10.5%[18]. - The total assets of the group reached RMB 34,299,695 million as of September 30, 2022, compared to RMB 30,253,979 million at the end of 2021, indicating an increase of about 13.5%[19]. Loans and Deposits - The net increase in loans and advances was RMB 2,036,208 million for the nine months ended September 30, 2022, compared to RMB 1,733,399 million for the same period in 2021, showing an increase of 17.5%[27]. - Total deposits reached RMB 24.79 trillion, an increase of RMB 2.41 trillion or 10.78% from the end of last year[13]. - The bank's total deposits increased to RMB 24,791,600 million as of September 30, 2022, compared to RMB 22,378,814 million at the end of 2021, marking a rise of about 10.8%[19]. - The net increase in deposits from customers was RMB 3,050,696 million for the nine months ended September 30, 2022, compared to RMB 1,811,275 million for the same period in 2021, reflecting a growth of 68.4%[26]. Capital and Ratios - The capital adequacy ratio was 18.67%, with a core tier 1 capital ratio of 13.86%, meeting regulatory requirements[13]. - The bank's capital adequacy ratio was reported at 15.5% as of September 30, 2022, slightly above the regulatory requirement, demonstrating a strong capital position[21]. - The tier 1 capital adequacy ratio improved to 14.60% as of September 30, 2022, compared to 14.14% at the end of 2021[37]. - The total capital adequacy ratio was 18.67% as of September 30, 2022, compared to 17.85% at the end of 2021[37]. Non-Performing Loans - Non-performing loans amounted to RMB 293.14 billion, with a non-performing loan ratio of 1.40%, a decrease of 0.02 percentage points from the previous year[13]. - The bank's non-performing loan ratio remained stable at 1.42% as of September 30, 2022, consistent with the previous year, indicating effective risk management[21]. Investment and Income - Net interest income was RMB 482.71 billion, up 7.71% year-on-year, with a net interest margin of 2.05%[14]. - The bank's investment income for the nine months ended September 30, 2022, was RMB 13,346 million, down from RMB 18,696 million in the same period of 2021, indicating a decrease of approximately 28.5%[21]. - The bank's fee and commission income for the nine months ended September 30, 2022, was RMB 94,877 million, a decrease from RMB 96,613 million in the same period of 2021, reflecting a decline of about 1.8%[21]. Future Plans - The company plans to establish a housing rental fund with a fundraising scale of RMB 30 billion to explore new real estate development models[15]. - The bank plans to expand its digital banking services and enhance its technology infrastructure to improve customer experience and operational efficiency in the coming years[21].