渝农商行(601077) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 reached RMB 6,841.9 million, a year-on-year increase of 2.73%[3] - Net profit for Q3 2024 was RMB 3,013.4 million, up 0.34% year-on-year[3] - Net profit for the first nine months of 2024 was RMB 10.57 billion, an increase of 4.24% year-on-year[20] - Net profit for the first nine months of 2024 reached 10,574,134 thousand RMB, compared to 10,144,182 thousand RMB in the same period of 2023[28] - Net profit attributable to the parent company's shareholders for the first nine months of 2024 was RMB 9,306,456 thousand, compared to RMB 9,053,344 thousand in 2023[37] - Operating income for the first nine months of 2024 was RMB 21.51 billion, a decrease of 1.76% year-on-year[20] - Total operating income for the first nine months of 2024 was 21,514,396 thousand RMB, slightly down from 21,899,501 thousand RMB in the same period of 2023[28] - Total operating income for the first nine months of 2024 was RMB 19,574,803 thousand, a slight decrease from RMB 19,852,874 thousand in the same period of 2023[36] - Net interest income for the first nine months of 2024 was RMB 14,497,209 thousand, down from RMB 15,714,953 thousand in 2023[36] - Interest income for the first nine months of 2024 was 35,408,272 thousand RMB, down from 37,812,491 thousand RMB in the same period of 2023[28] - Basic earnings per share for the first nine months of 2024 were 0.89 RMB, up from 0.86 RMB in the same period of 2023[29] - The company's total comprehensive income for the first nine months of 2024 was 12,214,527 thousand RMB, up from 10,759,015 thousand RMB in the same period of 2023[29] - Total comprehensive income for the first nine months of 2024 was RMB 10,309,346 thousand, up from RMB 9,490,829 thousand in 2023[37] Asset and Liability Management - Total assets as of September 30, 2024, increased by 5.30% to RMB 1,517,467.5 million compared to the end of 2023[4] - Total assets of the group reached RMB 1,517.47 billion, an increase of RMB 76.39 billion or 5.30% compared to the end of the previous year[19] - Total assets increased to 1,517,467,458 thousand RMB as of September 30, 2024, up from 1,441,081,943 thousand RMB at the end of 2023[26] - Total assets increased to 1,433,298,339 thousand yuan as of September 30, 2024, up from 1,360,945,521 thousand yuan at the end of 2023[33] - Total liabilities reached RMB 1,385.39 billion, an increase of RMB 67.81 billion or 5.15% compared to the end of the previous year[20] - Total liabilities increased to 1,385,390,233 thousand RMB as of September 30, 2024, up from 1,317,580,322 thousand RMB at the end of 2023[27] - Total liabilities rose to 1,309,837,807 thousand yuan as of September 30, 2024, compared to 1,244,279,840 thousand yuan at the end of 2023[34] - Total equity increased to 132,077,225 thousand RMB as of September 30, 2024, up from 123,501,621 thousand RMB at the end of 2023[27] - Total equity attributable to shareholders increased to 123,460,532 thousand yuan as of September 30, 2024, up from 116,665,681 thousand yuan at the end of 2023[34] Loan and Deposit Growth - Customer loans and advances grew by 5.71% to RMB 715,376.1 million as of September 30, 2024[4] - Customer loans and advances totaled RMB 715.38 billion, up RMB 38.67 billion or 5.71% from the end of the previous year[19] - Loans and advances grew to 619,510,873 thousand yuan as of September 30, 2024, compared to 585,073,500 thousand yuan at the end of 2023[33] - Customer deposits totaled RMB 939.89 billion, up RMB 43.69 billion or 4.87% from the end of the previous year[20] - Customer deposits increased to 937,441,636 thousand yuan as of September 30, 2024, up from 893,928,148 thousand yuan at the end of 2023[34] Risk Management - Non-performing loan ratio decreased slightly to 1.17% as of September 30, 2024, from 1.19% at the end of 2023[7] - Non-performing loan ratio decreased by 0.02 percentage points to 1.17% compared to the end of the previous year[20] - Provision coverage ratio stood at 358.59% as of September 30, 2024, down from 366.70% at the end of 2023[7] - Provision coverage ratio stood at 358.59%, and the loan-to-deposit ratio was 4.20%, indicating strong risk resilience[21] Capital Adequacy - Core tier 1 capital adequacy ratio was 13.83% as of September 30, 2024, compared to 13.30% at the end of 2023[13] - Total capital adequacy ratio increased to 15.69% as of September 30, 2024, from 15.17% at the end of 2023[13] Cash Flow - Operating cash flow for the first nine months of 2024 surged by 98.67% to RMB 19,794.7 million[9] - Net cash flow from operating activities increased to 19,794,740 thousand yuan in 2024 Q1-Q3, up from 9,963,580 thousand yuan in the same period last year[30] - Net cash flow from operating activities for the first nine months of 2024 was RMB 25,653,065 thousand, a significant increase from RMB 7,138,521 thousand in 2023[38] - Net cash flow from investing activities decreased to -52,450,902 thousand yuan in 2024 Q1-Q3, compared to 21,284,445 thousand yuan in 2023 Q1-Q3[31] - Net cash used in investing activities for the first nine months of 2024 was RMB 51,634,699 thousand, compared to a net cash inflow of RMB 20,883,733 thousand in 2023[39] - Net cash flow from financing activities improved to 46,262,938 thousand yuan in 2024 Q1-Q3, reversing from -30,874,317 thousand yuan in 2023 Q1-Q3[31] - Net cash flow from financing activities for the first nine months of 2024 was RMB 46,366,608 thousand, a turnaround from a net cash outflow of RMB 30,858,384 thousand in 2023[39] - Cash and cash equivalents at the end of the period stood at 56,808,706 thousand yuan, up from 31,908,158 thousand yuan at the end of 2023[31] - The company's cash and cash equivalents at the end of September 2024 were RMB 53,994,279 thousand, up from RMB 26,732,664 thousand at the end of September 2023[39] Shareholder Information - The top 10 shareholders collectively hold a significant portion of the company's shares, with the largest shareholder being Hong Kong Securities Clearing (Nominees) Limited, holding 22.07% of the shares[21] - Chongqing Development Property Management Co., Ltd. and its affiliates held 9.21% of the company's total shares as of the reporting period[24] - Chongqing Urban Construction Investment (Group) Co., Ltd. and its affiliates held 7.28% of the company's total shares as of the reporting period[24] Interest Margin and Financial Investments - Net interest margin for the first nine months of 2024 was 1.52%, a decrease of 0.16 percentage points year-on-year[7] - Financial investments amounted to RMB 617.48 billion, an increase of RMB 18.70 billion or 3.12% compared to the end of the previous year[19]