Source: China Economic Net
Bank of Communications (601328.SH) closed at 5.59 yuan today, down 3.95%.
According to the third quarter report of 2023 recently released by Bank of Communications, in the first three quarters of this year, Bank of Communications achieved operating income of 198.889 billion yuan, a year-on-year increase of 1.66%; net profit (attributable to shareholders of the parent company) was 69.166 billion yuan, a year-on-year increase of 1.88%; net profit (attributable to shareholders of the parent company) after deducting non-recurring gains and losses was 68.670 billion yuan, a year-on-year increase of 1.81%; The net cash flow from operating activities was 7.900 billion yuan, a year-on-year decrease of 91.15%.
Among them, in the third quarter, Bank of Communications achieved operating income of 61.734 billion yuan, a year-on-year decrease of 4.62%; net profit (attributable to shareholders of the parent company) was 23.127 billion yuan, a year-on-year decrease of 2.98%; net profit (attributable to shareholders of the parent company) after deducting non-recurring gains and losses was 23.002 billion yuan, a year-on-year decrease of 2.22%.
At the end of the Reporting Period, the total assets of Bank of Communications amounted to RMB13,830.605 billion, an increase of 6.46% over the end of the previous year. total liabilities amounted to RMB12,757.638 billion, an increase of 6.69% over the end of the previous year; Shareholders' equity (attributable to shareholders of the parent company) was RMB1,061.390 billion, an increase of 3.85% from the end of the previous year.
From January to September 2023, Bank of Communications achieved net interest income of RMB124.125 billion, a year-on-year decrease of RMB3.861 billion, or 3.02%; accounted for 62.41% of operating income, down 3.01 percentage points year-on-year.
From January to September 2023, Bank of Communications achieved a net income of 34.115 billion yuan from fees and commissions, a year-on-year decrease of 779 million yuan or 2.23%; accounted for 17.15% of operating income, down 0.69 percentage points year-on-year.
From January to September 2023, Bank of Communications achieved investment income of 21.121 billion yuan, compared with 11.854 billion yuan in the same period of the previous year.
From January to September 2023, Bank of Communications recorded a credit impairment loss of 48.431 billion yuan, compared with 51.460 billion yuan in the same period of the previous year, a year-on-year decrease of 5.89%.
At the end of the reporting period, the balance of non-performing loans of Bank of Communications was RMB104.486 billion, an increase of RMB5.960 billion or 6.05% from the end of the previous year. The non-performing loan ratio was 1.32%, down 0.03 percentage points from the end of the previous year, the provision coverage ratio was 198.91%, up 18.23 percentage points from the end of the previous year, and the provision ratio was 2.63%, up 0.19 percentage points from the end of the previous year.
At the end of the reporting period, Bank of Communications' capital adequacy ratio was 14.65%, Tier 1 capital adequacy ratio was 11.98%, and core Tier 1 capital adequacy ratio was 9.98%, all of which met regulatory requirements.
(Source: China Economic Net)