Agricultural Bank Of Chin (ACGBF) Q3 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good afternoon. Welcome all the investors, analysts, hedge funds, friends from media to participate in the 2023, the Q3 announcement of the result for ABC. And thank you for your long-term support for Agriculture Backup China. So today's announcement, we will have a telephone conference So now I'd like to give you a introduction about the team and leaders who are already meeting with their partners. They are Mr. Li Juan, the office head of the board of directors, and Mr. Liu, Mr. Wang Xiaohan, and Mr. Zhang Chengli from the debt department, Mr. Duan Xiaolei, as well as Ms. Wang Yang from the Asset Management Department. So today's meeting, we have two parts. The first part, I will give you an introduction about the situation of the performance for Q3. And the second part, I will have open the floor for questions and answer the questions that you are interested. So first of all, I would like to give you an introduction about the performance of Agriculture Bank of China. So this year, we followed the decision deployment of the CPC Central Committee in high-quality development to start with and end with a real economy and deepened reform and transformation to coordinate development and safety achieved a really good result in our businesses. And the first one, our overall operating performance reached stable and with the net profit of over $200 billion, increase rate of 5.2%. Revenue of $53 million. Amount of wage interest revenue reached $43 million. And the commission's service charge is about $6.6 million. The average revenue and return of assets is about 0.7%. And the net asset revenue is about 11.3%. And deposits is about 3 billion with a newly increased for 400 million, increased rate of 15%. The inquest amount and the inquest date, we recomme...