Financial Performance - Operating income for Q3 2024 reached RMB 161,176 million, representing a year-on-year increase of 6.58%[2] - Net profit after tax for Q3 2024 was RMB 60,953 million, up 3.64% compared to the same period last year[2] - The group achieved a net profit of RMB 187.49 billion for the first three quarters of 2024, representing a year-on-year growth of 0.53%[10] - The net profit attributable to shareholders for Q3 2024 was RMB 57,162 million, an increase of 2.3% from RMB 54,763 million in Q3 2023[16] - The total comprehensive income for Q3 2024 was RMB 67,283 million, compared to RMB 52,711 million in Q3 2023, reflecting a growth of 27.7%[17] Cash Flow and Investments - The net cash flow from operating activities for the first nine months of 2024 was RMB 168,139 million, a significant decrease of 65.41% year-on-year[3] - Operating cash flow for the first nine months of 2024 was RMB 225,360 million, a decrease of 58.0% compared to RMB 536,577 million in the same period of 2023[21] - Net cash flow from investing activities was RMB (816,714) million, compared to RMB (278,812) million in the first nine months of 2023, indicating a significant increase in cash outflow[22] - Cash flow from financing activities showed a net inflow of RMB 125,006 million, a turnaround from a net outflow of RMB (24,791) million in the same period last year[22] Assets and Liabilities - Total assets as of September 30, 2024, amounted to RMB 34,068,988 million, reflecting a 5.05% increase from the end of 2023[2] - The total liabilities as of September 30, 2024, were RMB 31,195,005 million, compared to RMB 29,675,351 million at the end of 2023[19] - Customer deposits totaled RMB 42,371.06 billion, up RMB 803.58 billion, or 3.51%, from the end of the previous year[12] - Customer loans amounted to RMB 42,143.59 billion, an increase of RMB 1,474.15 billion, or 7.38%[12] Shareholder Information - The total number of ordinary shareholders as of September 30, 2024, was 595,281, including 429,899 A-share shareholders and 165,382 H-share shareholders[5] - The largest shareholder, Central Huijin Investment Ltd., held 64.13% of the ordinary shares[5] - The first ten shareholders accounted for a significant portion of the total shares, with the top three holding a combined 94.61%[5] - As of September 30, 2024, the total number of preferred shareholders is 98, with the top ten shareholders holding a combined 58.57% of the preferred shares[8] Income and Expenses - Net interest income decreased by RMB 16.98 billion, down 4.81%, while non-interest income increased by RMB 25.15 billion, up 21.32%[11] - Net interest income for Q3 2024 was RMB 109,237 million, a decrease of 7.4% from RMB 118,980 million in Q3 2023[16] - The company received interest income of RMB 672,390 million, an increase from RMB 651,082 million in the previous year[22] - The company paid interest expenses totaling RMB (383,260) million, compared to RMB (348,700) million in the same period of 2023[22] Capital Adequacy and Risk - The core Tier 1 capital adequacy ratio is 12.23%, and the total capital adequacy ratio is 19.01%[10] - The non-performing loan ratio is 1.26%, a decrease of 0.01 percentage points from the end of the previous year[12] Other Financial Metrics - The weighted average return on net assets for Q3 2024 was 9.45%, down 0.37 percentage points year-on-year[2] - The basic and diluted earnings per share for the first nine months of 2024 remained at RMB 0.55, unchanged from the same period in 2023[16] - The company declared a cash dividend of RMB 2.364 per 10 shares for ordinary shares, totaling RMB 69.593 billion[14] - The company reported a decrease in credit impairment losses for the first nine months of 2024, totaling RMB 85,734 million, down from RMB 91,069 million in the same period of 2023[16] - The company disposed of fixed assets and received cash of RMB 10,489 million, significantly higher than RMB 2,942 million in the same period last year[22] - The company issued bonds and received cash of RMB 1,030,346 million, up from RMB 813,314 million in the previous year[22]
中国银行(03988) - 2024 Q3 - 季度业绩