Agricultural Bank of China : THE THIRD QUARTERLY REPORT OF 20202020-10-30
10/30/2020 | 04:45am EST
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
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.
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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
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