Bank of Shanghai (601229) Third Quarterly Review: Business Structure Optimized Interbank Business Scale Shrinks
Performance description 19Q3, the company realized operating income of 378.
810,000 yuan, an increase of 19 in ten years.
8%, net profit attributable to shareholders of the parent company was 163.
59 ppm, an increase of 14 in ten years.
Corporate NPLs 1.
17%, an increase of 0 from the end of 18 years.
Total assets reached 21,875.
590,000 yuan, an increase of 7 from the end of 18 years.
Performance review: Interest rate net income growth rate indicator, ROE continued to improve: 19 Q3 company achieved operating income of 378.
810,000 yuan, an increase of 19 in ten years.
8%, a growth rate of 7 lower than 19H1.
Five averages, mainly due to the decline in the growth rate of net interest income.
■ Net income grows by 6 per year.
1%, due to the decrease in the spread over the same period last year, the growth rate fell by 5 compared with 19H1.
9 units; net income from company litigation commissions increases by 10 per year.
4%, maintaining a rapid recovery trend; investment income maintained a rapid growth, with a growth rate of 28.
The growth rate of net profit attributable to mothers in Q3 19 was 14.
6%, maintaining rapid growth due to the improvement in profit margins from the previous quarter.
Annualized average average return on net assets 14.
74%, an increase of 0 a year.
Inter-bank assets and liabilities double contraction: The total assets of the company in Q3 19 were longer than those in 19H1.
1%, an increase of 7 from the end of 18 years.
9%, interest-earning assets grow at expressways.
In terms of new volume in the single quarter, in the third quarter, new interest-earning assets increased by 188 trillion, of which loans increased by 331 trillion, and the budget of cash and deposits of the Central Bank increased by 49 trillion from the previous quarter.
Interbank asset allocation decreased by 201 trillion, of which the decomposition of funds in the third quarter fell by 82 trillion, and financial assets purchased under resale fell by 13.5 billion.
In the third quarter, the interest-bearing coefficient increased by 49 trillion, of which inter-bank financing increased by 690 trillion, and deposits increased by 33.5 billion.
The business structure was optimized, and the non-performing ratio decreased slightly from the previous month: the balance of loans in 19Q3 was 9586 trillion, which accounted for an earlier rise in the proportion of interest-earning assets.
2 up to 44.
3%, a growth rate of 15.
3%, higher than the growth rate of asset scale3.
In 19Q3, the balance of deposits was US $ 117.8 billion, which accounted for a negative percentage of interest-bearing interest and increased by 3 percentage points earlier to 59.
8%, a growth rate of 16.4%, higher than the growth rate of the budget scale4.
5 units, business structure continued to optimize.
The company’s asset quality is at the best level in the industry.
In 19Q3, the company’s non-performing loan ratio decreased by 1bp to 1 from the previous quarter.
17%, 3bp from the morning market, mainly because personal non-performing loan balances and non-performing loan ratios have increased from the previous year, but are still at the level of city commercial banks.
Provision coverage rate was 333.
36%, the earlier 19H1 dropped slightly, at a higher level in the industry, and the ability to resist risks was replaced.
Loan ratio reached 3.
90%, 4bp lower than 19H1.
For forward-looking indicators, 19Q3, the company focuses on returns1.
86%, maintaining the highest level in the industry.
Net interest margin in the third quarter was basically the same as that in the previous quarter. Based on the average balance at the beginning and end of the period, the company’s annualized net interest margin in the third quarter was basically the same as that in the previous quarter, of which Q3 yielded interest-generating assets.
74%, an increase of 6bp from the previous quarter, interest-bearing denial of cost rate2.
52%, an increase of 7bp from the previous quarter. Both the interest-earning asset yield and the interest-bearing resistance cost rate have increased.
Convertible debt to be issued to supplement capital: At the end of 19Q3, the company’s core tier 1 capital adequacy ratio, tier 1 capital adequacy ratio and capital adequacy ratio were 9, respectively.
98% and 12.
66%, an improvement in the earlier 19H1, but an earlier period of decline, the core capital adequacy ratio is at the mid-level of the industry.
On October 25, the company announced the issuance of convertible corporate bonds not exceeding RMB 2 苏州夜网论坛 million to supplement core tier 1 capital to ease the pressure on future capital replenishment.
Risks indicate that the macro economy is not up to expectations and has a negative impact on asset quality.