Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
AGRICULTURAL BANK OF CHINA LIMITED
中 國 農 業 銀 行 股 份 有 限 公 司
(a joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1288)
THE THIRD QUARTERLY REPORT OF 2020
The board of directors (the "Board of Directors") of Agricultural Bank of China Limited (the "Bank") is pleased to announce the unaudited results of the Bank and its subsidiaries (collectively the "Group") for the third quarter ended 30 September 2020, prepared under International Financial Reporting Standards ("IFRSs"). This announcement is made in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) and Rules 13.09(2) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
§1 CORPORATE INFORMATION
1.1 Basic corporate information
Stock exchange on which | Shanghai Stock Exchange | |
A Shares are listed | 農業銀行 | |
Stock name | ||
Stock code | 601288 | |
Stock exchange on which | The Stock Exchange of Hong Kong Limited | |
H Shares are listed | ||
Stock name | ABC | |
Stock code | 1288 | |
Trading exchange and platform | The Integrated Business Platform of Shanghai Stock | |
of preference shares | Exchange | |
Stock name | 農行優1, 農行優2 | |
Stock code | 360001, 360009 | |
Contact details of | Address: No. 69, Jianguomen Nei Avenue, | |
Secretary to | Dongcheng District, Beijing, PRC (Postal code: 100005) | |
the Board of Directors | Tel: 86-10-85109619 (Investors enquiry) | |
Fax: 86-10-85126571 | ||
E-mail: ir@abchina.com | ||
1
1.2 Major financial data
Financial data and indicators recorded in this quarterly financial report are data of the Group prepared in accordance with the IFRSs and denominated in Renminbi ("RMB"), unless otherwise stated.
1.2.1 Major financial data and financial indicators
In millions of RMB, unless otherwise stated
Change as | ||||
compared to | ||||
30 September | 31 December | the end of | ||
2020 | 2019 | 2019 (%) | ||
Total assets | 27,296,753 | 24,878,288 | 9.72 | |
Loans and advances to customers, net | 14,356,921 | 12,819,610 | 11.99 | |
Deposits with banks and other financial institutions | 522,611 | 235,742 | 121.69 | |
Placements with and loans to banks and | 470,796 | 523,183 | -10.01 | |
other financial institutions | ||||
Financial investments | 8,052,148 | 7,422,930 | 8.48 | |
Total liabilities | 25,132,374 | 22,918,526 | 9.66 | |
Deposits from customers | 20,780,341 | 18,849,155 | 10.25 | |
Deposits from banks and other financial institutions | 1,341,814 | 1,503,909 | -10.78 | |
Placements from banks and | 358,917 | 325,363 | 10.31 | |
other financial institutions | ||||
Equity attributable to equity holders of the Bank | 2,153,348 | 1,948,355 | 10.52 | |
Net assets per share (in RMB Yuan) | 5.24 | 5.00 | 4.80 | |
2
In millions of RMB, unless otherwise stated
Three months | Nine months | |||
ended | Change as | ended | Change as | |
30 September | compared to | 30 September | compared to | |
2020 | the same | 2020 | the same | |
(July- | period of | (January- | period of | |
September) | 2019 (%) | September) | 2019 (%) | |
Operating income | 159,437 | 4.94 | 499,211 | 4.79 |
Net profit | 56,721 | -4.54 | 165,911 | -8.7 |
Net profit attributable to equity holders of the Bank | 56,501 | -4.60 | 165,335 | -8.49 |
Net cash flow from operating activities | N/A | N/A | (289,805) | -383.74 |
Basic earnings per share (in RMB Yuan) | 0.15 | -11.76 | 0.45 | -11.76 |
Diluted earnings per share (in RMB Yuan) | 0.15 | -11.76 | 0.45 | -11.76 |
Return on weighted average net assets (annualized, %)1 | 12.12 | Decreased by | 11.81 | Decreased by |
1.99 | 2.54 | |||
percentage | percentage | |||
points | points | |||
Note: 1. Calculated in accordance with the Rules for the Compilation and Submission of Information Disclosure by Companies that Offer Securities to the Public No. 9 - Computation and Disclosure of Return on Net Assets and Earnings per Share (2010 Revision) issued by the China Securities Regulatory Commission (the "CSRC") and International Accounting Standard 33 - Earnings per share.
1.2.2 Differences between the financial statements prepared under IFRSs and Generally Accepted Accounting Principles of the People's Republic of China ("PRC GAAP")
There are no differences between the net profit or shareholders' equity for the reporting period in the consolidated financial statements of the Group prepared under IFRSs and PRC GAAP.
3
1.3 Particulars of shareholding of ordinary shares at the end of the reporting period
At the end of the reporting period, the Bank had 473,772 holders of ordinary shares in total, including 22,323 holders of H Shares and 451,449 holders of A Shares.
Particulars of shareholding of the top 10 holders of ordinary shares (based on the registers of shareholders as at 30 September 2020)
Unit: Share | |||||||
Number of | Number of | ||||||
shares subject | pledged or | ||||||
Nature of | Shareholding | Total number of | to restrictions | locked-up | |||
Name of shareholders | shareholder | Type of shares | percentage (%) | shares held | on sales | shares | |
Central Huijin Investment Ltd. | State-owned | A Shares | 40.03 | 140,087,446,351 | 10,082,342,569 | None | |
Ministry of Finance of the PRC | State-owned | A Shares | 35.29 | 123,515,185,240 | 9,877,329,974 | None | |
(the "MOF") | |||||||
HKSCC Nominees Limited | Overseas | H Shares | 8.73 | 30,556,964,066 | - | Unknown | |
legal entity | |||||||
National Council for | State-owned | A Shares | 6.72 | 23,520,968,297 | - | None | |
Social Security Fund of | |||||||
the PRC (the "SSF") | |||||||
China Life Insurance Company | Others | A Shares | 0.81 | 2,849,966,632 | - | None | |
Limited - Traditional - | |||||||
General insurance products - | |||||||
005L - CT001 Hu | |||||||
China Life Insurance Company | Others | A Shares | 0.74 | 2,577,831,184 | - | None | |
Limited - Dividend | |||||||
distribution - Individual | |||||||
dividend - 005L - FH002 Hu | |||||||
China National Tobacco | State-owned | A Shares | 0.72 | 2,518,891,687 | 2,518,891,687 | None | |
Corporation | legal entity | ||||||
China Securities Finance | State-owned | A Shares | 0.53 | 1,842,751,186 | - | None | |
Corporation Limited | legal entity | ||||||
Hong Kong Securities Clearing | Overseas | A Shares | 0.38 | 1,320,825,001 | - | None | |
Company Limited | legal entity | ||||||
Shanghai Haiyan Investment | State-owned | A Shares | 0.36 | 1,259,445,843 | 1,259,445,843 | None | |
Management Company Limited | legal entity | ||||||
Notes: 1. The total number of shares held by HKSCC Nominees Limited represents the number of H Shares held by it in aggregate as the nominee on behalf of all institutional and individual investors registered with it as at 30 September 2020.
2. The number of shares held by Hong Kong Securities Clearing Company Limited represents the number of A Shares (northbound shares of Shanghai-Hong Kong Stock Connect) held by it as a nominee designated by and on behalf of investors from Hong Kong and overseas.
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Agricultural Bank of China Ltd. published this content on 30 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2020 09:44:10 UTC