2017-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 40.18% to CNY 2.30 billion year-on-year[6] - Operating revenue grew by 13.36% to CNY 8.62 billion compared to the same period last year[6] - Basic earnings per share increased by 35.71% to CNY 0.19 per share[6] - The net profit after deducting non-recurring gains and losses increased by 51.16% to CNY 2.46 billion[6] - Total operating revenue for Q1 2017 was CNY 8,615,360,581.55, an increase of 13.3% compared to CNY 7,600,171,887.80 in Q1 2016[34] - Net profit attributable to shareholders of the parent company reached CNY 2,300,788,701.58, up 40.1% from CNY 1,641,316,388.53 in the same period last year[34] - Net profit for Q1 2017 reached CNY 1,654,841,868.20, up 60.38% from CNY 1,032,389,373.64 in the same period last year[39] - The company reported a significant increase in investment income, reaching CNY 1,805,153,267.22, compared to CNY 1,489,703,768.16 in the previous year, which is a growth of 21.1%[34] - The net income from commission and fee-based services decreased to CNY 4,537,227,640.25 from CNY 5,438,756,000.45, a decline of 16.5%[34] - The company's total comprehensive income for Q1 2017 was CNY 3,095,036,840.45, a substantial increase from CNY 43,374,002.68 in Q1 2016[34] Assets and Liabilities - Total assets increased by 4.54% to CNY 624.58 billion compared to the end of the previous year[6] - As of March 31, 2017, the total assets of CITIC Securities amounted to RMB 624.58 billion, an increase from RMB 597.44 billion at the beginning of the year, reflecting a growth of approximately 4.3%[24] - The total liabilities increased to RMB 558.73 billion from RMB 525.73 billion, marking an increase of around 6.3%[25] - The company's total liabilities increased significantly, with short-term financing payables rising by 68.55% to CNY 35.98 billion[11] - Total liabilities increased to CNY 336,722,442,464.72 from CNY 332,740,939,758.96, marking a rise of 1.5%[31] - The total equity attributable to shareholders of the parent company was CNY 120,811,122,879.37, up from CNY 118,869,543,963.65 at the beginning of the year, representing a 1.6% increase[31] Cash Flow - Net cash flow from operating activities was negative at CNY -37.94 billion, worsening from CNY -14.50 billion in the previous year[6] - The net cash flow from operating activities for Q1 2017 was -42.21 billion, compared to -15.53 billion in Q1 2016, indicating a significant decline[46] - Cash flow from operating activities showed a net outflow of CNY 37,941,681,788.64, worsening from a net outflow of CNY 14,500,821,523.75 in the previous year[42] - Cash flow from investing activities generated a net inflow of CNY 7,633,332,879.01, a recovery from a net outflow of CNY 12,014,671,801.30 in Q1 2016[42] - Cash flow from financing activities resulted in a net inflow of CNY 21,142,215,835.73, compared to a net outflow of CNY 5,077,671,822.79 in the same period last year[43] - The company's cash and cash equivalents decreased to RMB 122.22 billion from RMB 132.86 billion, representing a decline of about 8.8%[25] - The ending balance of cash and cash equivalents was CNY 153,952,309,355.00, down from CNY 177,475,940,926.80 at the end of Q1 2016[43] - The total cash and cash equivalents at the end of Q1 2017 stood at 95.46 billion, down from 117.43 billion at the end of Q1 2016[46] Shareholder Information - The total number of shareholders as of March 31, 2017, was 560,180[8] - The top shareholder, Hong Kong Central Clearing Limited, held 2.28 billion shares, representing 18.80% of total shares[8] Legal and Regulatory Matters - The company is currently involved in several legal disputes, including a bond default case with a total claim of CNY 46.09 million[15] - The company is currently awaiting responses to lawsuits regarding unpaid bonds totaling RMB 1 billion and RMB 11.1 million in interest from China Urban Construction Group[17][18] Business Operations - The company has completed the relocation of 5 securities business departments, bringing the total to 218 securities business departments and 22 branches[18] - CITIC Securities (Shandong) established 2 new securities business departments, while 2 were closed, maintaining a total of 64 business departments[19] - The company has not added any new business outlets for CITIC Futures, which currently operates 36 futures business departments[21] - The company agreed to transfer 4.5657% of its equity in Zhengtong Co., Ltd., completing the asset evaluation and obtaining approval by April 6, 2017[23] Debt and Financing - The company issued CNY 100 billion of 3-year bonds at a coupon rate of 4.20% and CNY 20 billion of 5-year bonds at a coupon rate of 4.40%[13] - The company also issued USD 3 billion of 3-year and 5-year medium-term notes with coupon rates of 2.75% and 3.25%, respectively[14] - The company's short-term borrowings rose by 58.26% to CNY 5.51 billion, up from CNY 3.48 billion in the previous quarter[11]