Financial Performance - For the three months ended September 30, 2024, operating income was RMB 177,516 million, a decrease of 2.72% year-on-year[4]. - Net profit for the same period was RMB 92,073 million, representing an increase of 4.46% compared to the previous year[4]. - The net profit attributable to shareholders was RMB 91,450 million, up 3.79% year-on-year[4]. - The annualized weighted average return on net assets was 11.46%, down 0.78 percentage points from the previous year[4]. - The company reported a basic and diluted earnings per share of RMB 0.35 for the third quarter, a decrease of 0.98% year-on-year[4]. - The net profit for the nine months ending September 30, 2024, was RMB 257,112 million, a slight increase of 0.65% compared to RMB 255,440 million in the same period last year[18]. - Net profit attributable to shareholders for the nine months ended September 30, 2024, was RMB 255,776 million, slightly up from RMB 255,454 million in the same period of 2023, indicating a marginal increase of 0.1%[24]. - The bank reported a net profit for the third quarter of 2024 of RMB 91,450 million, an increase from RMB 88,110 million in the same quarter of 2023, representing a growth of 2.7%[24]. Assets and Liabilities - Total assets as of September 30, 2024, reached RMB 40,923,042 million, an increase of 6.78% from December 31, 2023[4]. - Total liabilities increased by 6.90% to RMB 37.58 trillion, while deposits reached RMB 28.56 trillion, up 3.26%[15]. - Total assets of the group as of September 30, 2024, were RMB 40.92 trillion, up 6.78% from the end of the previous year[13]. - Total liabilities as of September 30, 2024, amounted to RMB 37,579,717 million, up from RMB 35,152,752 million as of December 31, 2023, representing an increase of 6.9%[26]. - The bank's total equity as of September 30, 2024, was RMB 3,343,325 million, up from RMB 3,172,074 million as of December 31, 2023, reflecting a growth of 5.4%[27]. Loans and Advances - The total amount of loans and advances issued was RMB 25.75 trillion, reflecting a growth of 7.92% year-on-year[14]. - The balance of loans for strategic emerging industries reached RMB 2.74 trillion, while loans for technology enterprises amounted to RMB 1.82 trillion, both showing rapid growth[10]. - Inclusive finance loan balance reached RMB 3.29 trillion, an increase of RMB 248.46 billion from the previous year, serving 3.37 million customers[11]. - The balance of loans for the digital economy core industries grew by 15.98% to RMB 795.58 billion[13]. - Loans and advances to customers as of September 30, 2024, were RMB 24,931,618 million, compared to RMB 23,083,377 million as of December 31, 2023, showing a growth of 8.0%[25]. - The net increase in loans and advances for the nine months ended September 30, 2024, was RMB (1,970,753) million, compared to RMB (2,444,623) million for the same period in 2023, indicating a reduction in loan issuance[30]. Income and Expenses - The net interest income decreased by 5.89% year-on-year to RMB 440,817 million, with a net interest margin of 1.52%[18]. - Non-interest income increased by 9.13% year-on-year to RMB 1,115,300 million, driven by fluctuations in exchange rates and capital markets[18]. - The operating expenses decreased by RMB 11,580 million year-on-year, with a cost-to-income ratio of 25.25%, up 0.63 percentage points from the previous year[18]. - The bank's cash flow from financing activities was RMB (19,844) million for the nine months ended September 30, 2024, a significant improvement from RMB (83,196) million in the same period of 2023[31]. Shareholder Information - The total number of ordinary shareholders as of September 30, 2024, was 313,362, with H-share shareholders accounting for 37,876 and A-share shareholders 275,486[6]. - The top 10 ordinary shareholders held a total of 142,590,494,651 H-shares, representing 57.03% of the total[6]. - As of September 30, 2024, the total number of preferred shareholders is 30, with the top 10 shareholders holding a combined 60.99% of the shares[8]. - The company plans to distribute a cash dividend of RMB 0.400 per share for the 2023 fiscal year, totaling approximately RMB 1,000.04 million[19]. Capital and Regulatory Ratios - The capital adequacy ratio stood at 19.35%, with a Tier 1 capital ratio of 15.00% and a core Tier 1 capital ratio of 14.10% as of September 30, 2024[17]. - The liquidity coverage ratio was reported at 120.29%, exceeding regulatory requirements[17]. Cash Flow - The net cash flow from operating activities for the nine months ended September 30, 2024, was RMB 954,869 million, a significant increase of 100.10% year-on-year[5]. - Cash received from investment recoveries was RMB 1,882,043 million for the nine months ended September 30, 2024, up from RMB 1,079,562 million in the same period of 2023[31]. - The net cash flow used in investing activities was RMB (470,810) million for the nine months ended September 30, 2024, a decrease from RMB (712,081) million in the same period of 2023[31]. - The cash and cash equivalents increased by RMB 460,326 million for the nine months ended September 30, 2024, compared to a decrease of RMB (302,536) million in the same period of 2023[32].
建设银行(00939) - 2024 Q3 - 季度业绩