常熟银行(601128) - 2024 Q3 - 季度财报

Financial Performance - Operating income for Q3 2024 reached CNY 2,864,257 thousand, an increase of 9.91% year-on-year[3] - Net profit attributable to shareholders was CNY 1,241,377 thousand, reflecting a growth of 16.26% compared to the same period last year[3] - Total operating income for the first nine months of 2024 reached CNY 8,369,945 thousand, an increase from CNY 7,520,406 thousand in the same period of 2023, representing a growth of approximately 11.3%[17] - Net profit for the first nine months of 2024 was CNY 3,729,669 thousand, compared to CNY 3,172,942 thousand in the same period of 2023, reflecting a growth of about 17.6%[17] - The net profit for Q3 2024 was CNY 3,209,651, an increase from CNY 2,714,766 in Q3 2023, representing a growth of approximately 18.2%[18] - The total comprehensive income attributable to shareholders of the parent company for Q3 2024 was CNY 2,958,903, up from CNY 2,627,155 in Q3 2023, marking an increase of around 12.6%[18] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to CNY 362,742,642 thousand, representing an 8.46% increase from the end of the previous year[3] - Total assets as of September 30, 2024, amounted to CNY 362,742,642 thousand, compared to CNY 334,456,430 thousand at the end of 2023, indicating a growth of approximately 8.4%[16] - The company's total liabilities increased to CNY 333,102,551 thousand as of September 30, 2024, from CNY 307,325,494 thousand at the end of 2023, marking an increase of about 8.4%[15] - The total equity attributable to shareholders reached CNY 27,633,618 thousand, up from CNY 25,356,407 thousand in 2023, representing an increase of approximately 9.0%[16] Capital and Ratios - The weighted average return on equity (ROE) was 18.38%, up by 0.60 percentage points year-on-year[3] - As of September 30, 2024, the core tier 1 capital net amount reached CNY 28,567,653, an increase from CNY 26,392,626 as of December 31, 2023, representing a growth of 8.26%[10] - The tier 1 capital adequacy ratio improved to 10.63% as of September 30, 2024, compared to 10.48% at the end of 2023, indicating a positive trend in capital strength[10] - The liquidity coverage ratio stood at 279.76% as of September 30, 2024, significantly above the regulatory requirement, showcasing strong liquidity management[11] - The bank's core tier 1 capital adequacy ratio was 10.58% as of September 30, 2024, compared to 10.42% at the end of 2023, reflecting a solid capital position[10] - The total capital net amount reached CNY 37,668,996 as of September 30, 2024, an increase from CNY 35,107,322 at the end of 2023, indicating robust capital growth[10] Loans and Deposits - Total deposits reached CNY 284,608,574 thousand, an increase from CNY 247,938,809 thousand at the end of 2023[6] - Total loans amounted to CNY 239,685,817 thousand, up from CNY 222,439,155 thousand at the end of 2023[6] - The total amount of loans and advances issued by the company reached CNY 230,738,266 thousand as of September 30, 2024, an increase from CNY 214,226,530 thousand at the end of 2023, indicating a growth of approximately 7.7%[15] - The net increase in customer deposits and interbank placements for the first nine months of 2024 was CNY 35,176,598, compared to CNY 29,417,070 in the same period of 2023, reflecting a growth of about 19.1%[19] Cash Flow - The company recorded a net cash flow from operating activities of CNY 15,398,738 thousand, a significant increase of 128.74% year-on-year[3] - The net cash flow from operating activities for Q3 2024 was CNY 15,398,738, significantly higher than CNY 6,731,888 in Q3 2023, indicating a year-over-year increase of approximately 128.5%[19] - The cash inflow from operating activities totaled CNY 50,090,971 in Q3 2024, compared to CNY 48,913,087 in Q3 2023, showing a growth of about 2.4%[19] - The net cash flow from investing activities for Q3 2024 was negative CNY 8,845,368, compared to negative CNY 4,390,820 in Q3 2023, indicating a decline in investment cash flow[19] Shareholder Information - The total number of common shareholders reached 39,958 by the end of the reporting period, indicating a stable shareholder base[12] - The top ten shareholders collectively hold 39.99% of the total shares, with the largest shareholder, Bank of Communications, owning 9.01%[12] Operational Efficiency - The cost-to-income ratio improved to 35.17%, down from 36.87% at the end of 2023[8] - The net interest margin was reported at 2.70%[8] - Net interest income for the first nine months of 2024 was CNY 6,903,070 thousand, up from CNY 6,502,912 thousand in 2023, reflecting a year-over-year increase of about 6.2%[17] Risk Management - The non-performing loan (NPL) ratio stood at 0.77%, slightly up from 0.75% at the end of the previous year[8] - The leverage ratio increased to 6.58% as of September 30, 2024, up from 6.51% at the end of 2023, reflecting enhanced capital management[11] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge in the financial sector[15] - The bank conducted multiple investor communication sessions, including a significant call with 45 institutions on August 21, 2024, enhancing transparency and engagement with stakeholders[13] Asset Management - The adjusted on-balance and off-balance sheet asset balance was CNY 436,253,675 as of September 30, 2024, compared to CNY 408,141,175 at the end of 2023, indicating growth in asset management[11] - The company has maintained a strong liquidity position with cash and deposits at central banks totaling CNY 21,114,605 thousand as of September 30, 2024, compared to CNY 19,345,642 thousand at the end of 2023, reflecting an increase of about 9.1%[15] - The total cash and cash equivalents at the end of Q3 2024 were CNY 14,703,637, an increase from CNY 12,489,336 at the end of Q3 2023, representing a growth of about 17.8%[20]