CCB(601939)2023-10-26 16:00Financial Performance - As of September 30, 2023, the total operating income for the third quarter was RMB 188,185 million, a decrease of 2.68% compared to RMB 193,372 million in the same period of 2022[16] - The net profit for the third quarter was RMB 88,145 million, reflecting a 3.21% increase from RMB 85,407 million year-over-year[16] - The net profit attributable to shareholders of the bank for the third quarter was RMB 88,110 million, up 2.63% from RMB 85,850 million in the same quarter of 2022[16] - For the nine months ending September 30, 2023, the total operating income was RMB 588,440 million, down 1.27% from RMB 595,984 million in the same period of 2022[16] - The net profit for the nine months was RMB 255,440 million, an increase of 3.15% compared to RMB 247,641 million in the previous year[16] - The basic and diluted earnings per share for the third quarter were RMB 0.35, an increase of 2.94% from RMB 0.34 in the same period of 2022[16] Assets and Liabilities - The total assets as of September 30, 2023, reached RMB 37,845,287 million, representing a 9.38% increase from RMB 34,600,711 million at the end of 2022[17] - The total liabilities increased by RMB 3.02 trillion, a growth of 9.53% compared to the previous year-end, reaching RMB 34.75 trillion[27] - The bank's total assets as of September 30, 2023, were RMB 39,712,910 million, an increase from RMB 36,270,300 million at the end of 2022[86] - The bank's total equity as of September 30, 2023, was RMB 3,906,041 million, compared to RMB 3,640,438 million at the end of 2022, marking an increase of about 7.3%[85] Capital and Ratios - The company's capital adequacy ratio was 17.57%, with a Tier 1 capital ratio of 13.82% as of September 30, 2023[28] - The bank's core tier 1 capital adequacy ratio stood at 12.92% as of September 30, 2023, down from 13.69% at the end of 2022[85] - The bank's leverage ratio was 7.73% as of September 30, 2023, compared to 7.85% at the end of 2022[86] Cash Flow - The net cash flow from operating activities for the nine months was RMB 477,206 million, a significant decrease of 42.11% from RMB 824,265 million in the previous year[16] - The total cash inflow from financing activities for the group was RMB 98,282 million, a decrease of 27% from RMB 134,760 million in the same period of 2022[78] - The net cash outflow from financing activities was RMB 83,196 million, compared to a net inflow of RMB 7,111 million in the same period of 2022[78] - The cash and cash equivalents decreased by RMB 302,536 million during the nine months ended September 30, 2023, compared to an increase of RMB 303,205 million in the same period of 2022[82] Loans and Advances - The balance of loans and advances to customers was RMB 13.94 trillion, an increase of 18.41% from the previous year-end[27] - Total loans and advances reached 23.66 trillion yuan, up by 2.46 trillion yuan or 11.61% compared to the end of last year[51] - The net increase in loans and advances to customers for the group was RMB 2,606,644 million, a decrease from RMB 3,050,696 million in the previous year, representing a decline of 14.56%[96] Income Sources - The net income from fees and commissions was RMB 94.91 billion, a slight increase of 0.04% year-on-year[30] - Net interest income was 468.43 billion yuan, a decrease of 3.05% year-on-year, with a net interest margin of 1.75%[55] - Investment income increased to RMB 14,555 million from RMB 12,799 million, marking a growth of 13.8%[65] - The total interest income for the nine months was RMB 936,591 million, up from RMB 867,989 million, reflecting an increase of 7.9%[65] - The total interest expense for the nine months was RMB 468,166 million, compared to RMB 384,814 million, representing an increase of 21.7%[65] User Engagement and Digital Platforms - The number of registered users for the "Yunongtong" app reached 12.11 million, an increase of 701,000 users from the previous year-end[46] - The online platform has reached 530 million personal customers, with an average monthly active user count of 133 million for mobile banking[49] - The "CMB Life" registered user count has reached 121 million, facilitating the distribution of over 1.3 billion yuan in government consumption vouchers across 181 cities, boosting consumer spending by nearly 4.7 billion yuan[49] Other Financial Metrics - The annualized weighted average return on equity for the third quarter was 12.24%, down 0.95 percentage points from 13.19% in the same quarter of 2022[16] - Non-performing loans stood at 322.98 billion yuan, an increase of 30.16 billion yuan from the end of last year, with a non-performing loan ratio of 1.37%, down by 0.01 percentage points[52] - Business and management expenses increased by 4.35 billion yuan year-on-year, with the cost-to-income ratio rising by 1.01 percentage points to 24.48%[56]