光大证券(601788) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥2,222,635,976.45, an increase of 41.06% compared to the same period last year[2] - The net profit attributable to shareholders was ¥599,860,059.58, a decrease of 69.49% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥539,179,340.40, with a year-to-date increase of 0.61%[2] - The net profit attributable to shareholders for the year-to-date period decreased by 54.33% primarily due to a non-recurring gain of ¥2.15 billion from a subsidiary's settlement last year[4] - The company's basic earnings per share for the current period was ¥0.11, down 72.50% compared to the same period last year[2] - The net profit for the third quarter of 2024 was CNY 2,007,540,910.06, a decrease of 54.3% compared to CNY 4,385,151,561.04 in the same period of 2023[19] - The company's net profit for the first three quarters of 2024 was RMB 1.63 billion, a decrease of 16.5% compared to RMB 1.95 billion in the same period of 2023[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥272,738,493,946.61, reflecting a growth of 5.06% from the end of the previous year[3] - The total assets as of September 30, 2024, reached CNY 272,738,493,946.61, an increase of 5.4% from CNY 259,604,027,406.28 at the end of 2023[17] - The total liabilities increased to CNY 204,474,412,920.61, up from CNY 191,708,638,749.90, marking an increase of 6.5%[17] - The total liabilities of the company as of September 30, 2024, were RMB 163.17 billion, an increase from RMB 157.87 billion as of December 31, 2023, reflecting a growth of approximately 3.9%[24] Equity and Shareholder Information - The total equity attributable to shareholders rose to CNY 67,440,147,478.68, compared to CNY 67,088,608,369.86, reflecting a growth of 0.5%[17] - The company's total equity as of September 30, 2024, was RMB 66.56 billion, slightly down from RMB 66.56 billion as of December 31, 2023[24] - The number of ordinary shareholders at the end of the reporting period was 165,521[11] - The largest shareholder, China Everbright Group Co., Ltd., holds 1,159,456,183 shares, representing 25.15% of total shares[12] Cash Flow - The net cash flow from operating activities was ¥35,048,596,109.77, primarily due to increased net inflows from agency trading and repurchase business[10] - The net cash flow from operating activities for the first three quarters of 2024 was CNY 35,048,596,109.77, a turnaround from a negative cash flow of CNY -2,511,471,974.88 in the same period of 2023[20] - The company reported a significant increase in cash inflow from investment activities, totaling CNY 44,714,237,131.29 for the first three quarters of 2024, compared to CNY 15,516,575,117.89 in the same period of 2023[20] - The total cash and cash equivalents at the end of the period stood at ¥52,940,842,687.24, an increase from ¥41,407,174,554.50 in the previous year[28] Investment Income - Investment income decreased by 64.05% to ¥572,035,178.69, attributed to market fluctuations affecting equity investments[10] - The company reported a significant decline in investment income, which fell to CNY 572,035,178.69 from CNY 1,591,362,151.25, a decrease of 64.0%[18] - The company's investment income for the third quarter of 2024 was RMB 505.60 million, a decrease of 57.5% from RMB 1.19 billion in the same quarter of 2023[26] Operating Expenses - The total operating expenses for the third quarter of 2024 were CNY 4,082,330,888.37, down from CNY 5,101,373,080.28 in the previous year, indicating a reduction of 19.9%[19] Other Financial Metrics - The return on weighted average net assets was 0.87% for the current period, down from 2.93% year-on-year[2] - The liquidity coverage ratio decreased to 209.53% from 232.90% year-on-year[5] - The company's risk coverage ratio was 306.19%, down from 319.38% at the end of the previous year[5] - The company experienced a 98.52% decrease in credit impairment losses, amounting to ¥3,010,977.85, due to reduced provisions this period[10]