CM BANK(600036)2024-10-29 09:25Financial Performance - Net profit attributable to shareholders for the first nine months of 2024 was RMB 113,184 million, a decrease of 0.62% year-on-year[4]. - Basic earnings per share attributable to ordinary shareholders for the third quarter of 2024 was RMB 0.66, down 0.68% compared to the same period last year[4]. - The bank's net profit attributable to shareholders for the third quarter of 2024 showed a slight increase of 0.79% compared to the same period last year[4]. - For the period from January to September 2024, the company achieved operating revenue of CNY 252.709 billion, a year-on-year decrease of 2.91%[14]. - The total operating income for the first nine months of 2024 was RMB 229,162 million, compared to RMB 236,184 million in the first nine months of 2023, reflecting a decrease of approximately 3%[63]. - The bank's total comprehensive income for the first nine months of 2024 was RMB 118,199 million, an increase from RMB 101,891 million in the same period of 2023[64]. - Net profit for the nine months ended September 30, 2024, was RMB 114,039 million, slightly down from RMB 114,970 million for the same period in 2023, a decrease of 0.81%[60]. Assets and Liabilities - Total assets as of September 30, 2024, reached RMB 11,654,763 million, an increase of 5.68% compared to the end of 2023[4]. - The bank's total liabilities as of September 30, 2024, were RMB 10,502,236 million, indicating a growth trend in overall financial stability[4]. - The total amount of loans and advances was CNY 6,758.751 billion, up 3.84% year-on-year, with retail loans at CNY 3,573.833 billion, increasing by 3.95%[25]. - Customer deposits totaled CNY 8,732.681 billion, marking a 7.08% increase compared to the end of the previous year[16]. - Total liabilities reached CNY 10,495.13 billion, an increase of 5.56% compared to the end of last year, primarily driven by customer deposit growth[26]. - The company's total liabilities reached RMB 10,495,128 million, compared to RMB 9,942,754 million at the end of 2023[56]. Income and Expenses - The net interest income for the first nine months of 2024 was CNY 157.298 billion, a year-on-year decrease of 3.07%, accounting for 62.24% of total operating income[17]. - Non-interest net income for the first nine months of 2024 was CNY 95.411 billion, a year-on-year decrease of 2.63%, representing 37.76% of total operating income[20]. - Business and management expenses for the first nine months of 2024 were CNY 74.747 billion, a decrease of 4.56% year-on-year, with a cost-to-income ratio of 29.58%[23]. - The bank's interest expenses for the first nine months of 2024 were RMB 108,282 million, compared to RMB 106,587 million in the same period of 2023[63]. Asset Quality and Risk Management - The non-performing loan balance was CNY 63.557 billion, an increase of CNY 1.978 billion from the end of the previous year, with a non-performing loan ratio of 0.94%[16]. - The average return on total assets (ROAA) for the period was 1.33%, down 0.13 percentage points year-on-year[16]. - The provision coverage ratio stood at 432.15%, down 5.55 percentage points from the end of the previous year[16]. - The company is focused on monitoring industry risks and maintaining overall asset quality stability[34]. - The company plans to enhance risk management capabilities and optimize asset structure in response to external economic uncertainties[41]. Capital and Equity - Shareholders' equity attributable to the bank's shareholders increased to RMB 1,152,527 million, up 7.08% from the end of 2023[4]. - The company's core Tier 1 capital adequacy ratio was 14.73%, an increase of 1.00 percentage points from the end of the previous year[43]. - The company's capital adequacy ratio was 18.67%, reflecting a rise of 0.79 percentage points compared to the previous year[44]. - The company's total equity increased to RMB 1,159,635 million, up from RMB 1,085,729 million at the end of 2023[56]. Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was RMB 287,233 million, representing a significant increase of 435.40% year-on-year[5]. - Operating cash inflow for the first nine months of 2024 totaled RMB 1,063,177 million, compared to RMB 917,713 million in 2023, indicating an increase of 15.9%[66]. - Cash flow from investment activities showed a net outflow of RMB 121,505 million in the first nine months of 2024, an improvement from a net outflow of RMB 191,954 million in 2023[67]. - The total cash and cash equivalents at the end of September 2024 reached RMB 770,465 million, up from RMB 398,640 million at the end of September 2023, marking an increase of 93.5%[67]. Customer and Market Growth - The number of retail customers reached 206 million, representing a growth of 4.57% from the end of the previous year[52]. - The total assets under management (AUM) for retail customers increased to RMB 143,449.47 billion, a rise of 7.69% compared to the previous year[52]. - The number of high-net-worth clients (with total assets of RMB 500,000 or more) grew to 5.0657 million, an increase of 9.16% year-over-year[53].