China Minsheng Banking Corp., Ltd.
Q1 2020 Results Announcement
April 2020
Disclaimer
This presentation contains forward-looking statements that involve risks and uncertainties. These statements are generally indicated by the use of forward-looking terminology such as believe, expect, anticipate, estimate, plan, project, target, may, will or other similar words that express an indication of actions or results of actions that may or are expected to occur in the future. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this presentation. These forward-looking statements are based on our own information and information from other sources we believe to be reliable. Our actual results may be materially less favorable than those expressed or implied by these forward-looking statements which could affect the share price.
1
Agenda
I
II
Business Overview
Financial Indicators
2
Increased profitability and improved operating results
Net profit attributable to equity shareholders of the Company
(RMB mn)
18,000 | 15,792 | 16,650 | |
15,000 | |||
12,000 | |||
9,000 | |||
6,000 | |||
3,000 | |||
0 | |||
Jan-Mar 2019 | Jan-Mar 2020 | ||
Basic earnings per share
(RMB/share)
0.5
0.40.360.38
0.3
0.2
0.1
0.0
Jan-Mar 2019 | Jan-Mar 2020 |
Source: Company's Q1 report, annual report
Note: Annualised
ROAA and weighted ROAE1
1.20% | 1.05% | 15.09% | 0.99% | 14.53% | 16.00% | ||
0.80% | 12.00% | ||||||
8.00% | |||||||
0.40% | 4.00% | ||||||
0.00% | 0.00% | ||||||
Jan-Mar 2019 | Jan-Mar 2020 | ||||||
ROAA | Weighted ROAE |
Net assets per share attributable to ordinary shareholders of the Company
(RMB/share)
12 | 10.26 | 10.68 | |
10 | |||
8 | |||
6 | |||
4 | |||
2 | |||
0 | |||
Dec 31 2019 | Mar 31 2020 | ||
3
Steady growth of business scale and further optimised business structure
Total assets and total liabilities
(RMB mn)
8,000,000 | 6,681,841 | 6,151,012 | 6,961,952 | 6,413,312 | |
6,000,000 | |||||
4,000,000 | |||||
2,000,000 | |||||
0 | |||||
Dec 31 2019 | Mar 31 2020 | ||||
Total assets | Total liabilities |
Total loans and advances to customers
(RMB mn)
4,000,000 | 3,487,601 | 3,698,733 | |
3,000,000 | |||
2,000,000 | |||
1,000,000 | |||
0 | |||
Dec 31 2019 | Mar 31 2020 | ||
Source: Company's Q1 report, annual report
Total deposits from customers
(RMB mn)
4,000,000 | 3,604,088 | 3,759,851 | |
3,000,000 | |||
2,000,000 | |||
1,000,000 | |||
0 | |||
Dec 31 2019 | Mar 31 2020 | ||
Personal loans and advances
(RMB mn)
1,500,000 | 1,412,924 | 1,438,862 | |
1,200,000 | |||
900,000 | |||
600,000 | |||
300,000 | |||
0 | |||
Dec 31 2019 | Mar 31 2020 | ||
% of total loans | 40.51% | 38.90% | |
and advances to | |||
customers
4
Steady revenue growth with sound cost control
Operating income
(RMB mn)
60,000
49,333
43,859
40,000
22,409
21,837
20,000
26,924
22,022
0
Jan-Mar 2019 | Jan-Mar 2020 |
Interest income | Non-interest income |
Source: Company's Q1 report
Cost-to-income ratio
30%
21.29%
20% | 18.90% |
10%
0%
Jan-Mar 2019 | Jan-Mar 2020 |
5
Stable asset quality and strong risk control capabilities
Core tier-one CAR and CAR
Core tier-one CAR up by 7bps
CAR down by 7bps
13.17% | 13.10% | |||||
12% | 8.89% | 8.96% | 12.00% | |||
9% | 10.00% | |||||
6% | 8.00% | |||||
6.00% | ||||||
3% | 4.00% | |||||
2.00% | ||||||
0% | 0.00% | |||||
Dec 31 2019 | Mar 31 2020 | |||||
Core tier-one CAR | CAR | |||||
Allowance to NPLs
160% | 155.50% | 155.89% |
120% | ||
80% | ||
40% | ||
0% | ||
Dec 31 2019 | Mar 31 2020 | |
Source: Company's Q1 report, annual report
NPL ratio
2.00% | 1.56% | 1.55% |
1.60% | ||
1.20%
0.80%
0.40%
0.00%
Dec 31 2019 | Mar 31 2020 |
Allowance to total loans
3% | 2.43% | 2.42% | |
3% | |||
2% | |||
2% | |||
1% | |||
1% | |||
0% | |||
Dec 31 2019 | Mar 31 2020 | ||
6
Agenda
I
II
Business Overview
Financial Indicators
7
Overview of key financial indicators
Income statement highlights | Jan-Mar | Jan-Mar | Growth rate | |||
(RMB mn, except per share data) | 2020 | 2019 | (%) | |||
Operating income | 49,333 | 43,859 | ↑ | 12.48 | ||
Of which: Net interest income | ↑ | |||||
26,924 | 22,022 | 22.26 | ||||
Net non-interest income | ↑ | |||||
22,409 | 21,837 | 2.62 | ||||
Total profit | ↑ | |||||
20,025 | 19,216 | 4.21 | ||||
Net profit attributable to | ↑ | |||||
equity shareholders of the | 16,650 | 15,792 | 5.43 | |||
Company | ||||||
Basic earnings per share (RMB) | 0.38 | 0.36 | ↑ | 5.56 | ||
Jan-MarJan-Mar | ||||||
Key profitability indicators | 2020 | 2019 | Change (ppt) | |||
Weighted ROAE (annualized) | 14.53 | 15.09 | ↓ | (0.56) | ||
ROAA (annualized) | 0.99 | 1.05 | ↓ | (0.06) | ||
Net non-interest income to | 45.42 | 49.79 | ↓ | (4.37) | ||
total operating income | ||||||
Cost-to-income ratio | 18.90 | 21.29 | ↓ | (2.39) | ||
Source: Company's Q1 report, annual report
Balance sheet highlights | Mar 31 | Dec 31 | Growth rate | |||
(RMB mn) | 2020 | 2019 | (%) | |||
Total assets | 6,961,952 | 6,681,841 | ↑ | 4.19 | ||
Of which: Total loans and | 3,698,733 | 3,487,601 | ↑ | 6.05 | ||
advances to customers | ||||||
Total liabilities | 6,413,312 | 6,151,012 | ↑ | 4.26 | ||
Of which: Total deposits | 3,759,851 | 3,604,088 | ↑ | 4.32 | ||
from customers | ||||||
Total equity attributable to | ||||||
equity shareholders of the | 537,380 | 518,845 | ↑ | 3.57 | ||
Company | ||||||
Mar 31 | Dec 31 | |||||
Asset quality indicators (%) | 2020 | 2019 | Change (ppt) | |||
NPL ratio | 1.55 | 1.56 | ↓ | (0.01) | ||
Allowance to NPLs ratio | 155.89 | 155.50 | ↑ | 0.39 | ||
Allowance to total loans ratio | 2.42 | 2.43 | ↓ | (0.01) | ||
Capital adequacy indicators (%) | ||||||
Core tier-1 CAR | 8.96 | 8.89 | ↑ | 0.07 | ||
Tier-1 CAR | 10.30 | 10.28 | ↑ | 0.02 | ||
CAR | 13.10 | 13.17 | ↓ | (0.07) | ||
8
Thank you!
9
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CMBC - China Minsheng Banking Corporation Ltd. published this content on 11 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2020 15:38:00 UTC