ICBC(01398)2023-10-27 08:30Financial Performance - Operating income for Q3 2023 was RMB 194,614 million, a decrease of 6.61% compared to RMB 208,392 million in Q3 2022[3] - Net profit attributable to shareholders for Q3 2023 was RMB 94,929 million, a slight increase of 0.03% from RMB 94,896 million in Q3 2022[3] - In the first three quarters of 2023, the net profit reached RMB 269.93 billion, a year-on-year increase of 0.81%[16] - Total operating income was RMB 623.52 billion, a year-on-year decrease of 4.45%[16] - For the period from July to September 2023, the net profit attributable to shareholders was RMB 95,209 million, compared to RMB 94,930 million in the same period of 2022, reflecting a slight increase of 0.3%[23] - The bank reported a total comprehensive income of RMB 87,636 million for the third quarter of 2023, compared to RMB 103,932 million in the same quarter of 2022, reflecting a decline of approximately 15.7%[25] - For the nine months ended September 30, 2023, the pre-tax profit was RMB 314,245 million, a decrease of 3.8% compared to RMB 324,476 million in the same period of 2022[28] Assets and Liabilities - Total assets as of September 30, 2023, reached RMB 44,482,823 million, representing a year-on-year increase of 12.30%[3] - Total liabilities rose to RMB 40,806.95 billion, reflecting a growth of 13.06%[16] - The total liabilities as of September 30, 2023, were RMB 40,806,945 million, compared to RMB 36,094,727 million at the end of 2022, reflecting an increase of about 13.5%[27] - Customer loans and advances totaled RMB 25,782.25 billion, an increase of 11.08%[16] - Customer loans and advances amounted to RMB 25,091,461 million as of September 30, 2023, up from RMB 22,591,676 million at the end of 2022, indicating a growth of about 11.1%[26] - Total assets increased to RMB 44,482.83 billion, up 12.30% from the end of the previous year[16] Shareholder Information - The number of ordinary shareholders as of the reporting period was 668,420, with 108,684 H-share shareholders and 559,736 A-share shareholders[5] - The top shareholder, Central Huijin Investment Ltd., held 34.71% of A-shares, totaling 123,717,852,951 shares[6] - As of September 30, 2023, the National Social Security Fund Council holds a total of 19,293,357,366 shares, accounting for 5.41% of the company's total ordinary shares[6] - On October 11, 2023, Central Huijin Investment Limited increased its holdings by 27,611,989 A-shares, representing approximately 0.01% of the total share capital[8] - The company has a three-year lock-up period for shares transferred to the National Social Security Fund Council, starting from the date of transfer[6] - The report indicates that there are no known relationships or concerted actions between the preferred shareholders and the top 10 ordinary shareholders[11] - The company remains committed to maintaining transparency regarding its shareholder structure and any potential conflicts of interest[11] Earnings and Dividends - Basic and diluted earnings per share for Q3 2023 remained at RMB 0.24, unchanged from Q3 2022[3] - The cash dividend distributed for the year 2022 amounted to approximately RMB 108.17 billion, with a dividend per share of RMB 3.035[19] - The basic earnings per share for the first nine months of 2023 was RMB 0.72, unchanged from the same period in 2022[23] Capital and Ratios - The core Tier 1 capital ratio as of September 30, 2023, was 13.39%, slightly up from 13.23% at the end of 2022[32] - The total capital adequacy ratio as of September 30, 2023, was 18.79%, down from 19.26% at the end of 2022[32] - The leverage ratio as of September 30, 2023, was 7.70%, a decrease from 8.32% at the end of 2022[33] Cash Flow - Cash flow from operating activities for the first nine months of 2023 was RMB 1,909,119 million, an increase of 3.61% compared to RMB 1,842,551 million in the same period of 2022[3] - The net cash flow from operating activities for the nine months ended September 30, 2023, was RMB 1,909,119 million, an increase from RMB 1,842,551 million in the same period of 2022[29] - The net cash flow from investment activities for the nine months ended September 30, 2023, was RMB (695,857) million, compared to RMB (678,488) million in the same period of 2022[30] - The net increase in cash and cash equivalents for the nine months ended September 30, 2023, was RMB 1,347,325 million, with a closing balance of RMB 3,311,553 million[30] Financial Investments - The bank's financial investments measured at fair value increased to RMB 11,518,172 million as of September 30, 2023, from RMB 10,533,702 million at the end of 2022, marking a growth of approximately 9.4%[26] - The bank's financial investments net income for the nine months ended September 30, 2023, was RMB (18,507) million, compared to RMB (19,651) million in the same period of 2022[28] Non-Performing Loans - The non-performing loan balance was RMB 349.99 billion, with a non-performing loan ratio of 1.36%, a decrease of 0.02 percentage points[16]