Industrial and Commercial Bank of China Limited ("ICBC") has released its financial performance for the third quarter of 2024. The report shows that as of September 30, 2024, ICBC and its subsidiaries achieved revenue of 197108 million Chinese Yuan, a slight increase of 1.28% year-on-year; net profit attributable to the parent company's shareholders was 98558 million Chinese Yuan, an increase of 3.82% year-on-year. However, the net cash flow from operating activities decreased significantly by 43.57% to 1077248 million Chinese Yuan. Basic earnings per share were 0.25 Yuan, and diluted earnings per share were also 0.25 Yuan. The annualized weighted average return on equity was 9.77%, a decrease of 0.79 percentage points from the same period last year. At the end of the reporting period, ICBC's total assets...Show More

Industrial and Commercial Bank of China Limited ("ICBC") has released its financial performance for the third quarter of 2024. The report shows that as of September 30, 2024, ICBC and its subsidiaries achieved revenue of 197108 million Chinese Yuan, a slight increase of 1.28% year-on-year; net profit attributable to the parent company's shareholders was 98558 million Chinese Yuan, an increase of 3.82% year-on-year. However, the net cash flow from operating activities decreased significantly by 43.57% to 1077248 million Chinese Yuan. Basic earnings per share were 0.25 Yuan, and diluted earnings per share were also 0.25 Yuan. The annualized weighted average return on equity was 9.77%, a decrease of 0.79 percentage points from the same period last year. At the end of the reporting period, ICBC's total assets reached 48357755 million Chinese Yuan, an increase of 8.19% from the end of the previous year. Equity attributable to the parent company's shareholders was 3901083 million Chinese Yuan, an increase of 3.84%. The financial statements for this quarter are unaudited. ICBC stated that the financial data and indicators for the quarter were prepared in accordance with International Financial Reporting Standards and presented in Chinese Yuan. In addition, on September 24, 2024, ICBC reset the face stock dividend rate for "ICBC Preferred 2" and distributed dividends for "ICBC Preferred 2" and overseas US dollar preferred shares on September 24, 2024, and September 23, 2024, respectively. The board of directors also recommended the distribution of interim cash dividends for ordinary shares in 2024, subject to approval at the shareholders' meeting.