According to the Zhitong Finance App, Agricultural Bank (601288.SH) disclosed its report for the third quarter of 2023. In the first three quarters, the company achieved revenue of 533.358 billion yuan, down 0.54% year on year (after adjustment, same below); net profit of 207.356 billion yuan, up 4.97% year on year; net profit after deduction of 206.761 billion yuan, up 4.57% year on year; basic earnings per share of 0.55 yuan.
As of September 30, 2023, the balance of non-performing loans was $299.841 billion, an increase of $28.779 billion over the end of the previous year; the non-performing loan ratio was 1.35%, down 0.02 percentage points from the end of the previous year. The provision coverage rate was 304.12%, up 1.52 percentage points from the end of the previous year.
Efforts to serve the real economy continued to be strengthened. As of September 30, 2023, the manufacturing loan balance was 2,995.5 billion yuan, up 30% from the end of the previous year; the balance of green credit business was 38,31.3 billion yuan, up 1,133.8 billion yuan, up 42%; the balance of loans in the inclusive finance sector was 3,5499 billion yuan, up 983.8 billion yuan, up 38% from the end of the previous year; the balance of loans for inclusive small and micro enterprises was 2,473.6 billion yuan, up 40% from the end of the previous year.