2018-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 7.73% to CNY 7.31 billion for the first nine months of 2018[6]. - Operating revenue for the first nine months of 2018 was CNY 27.21 billion, down 4.53% year-on-year[6]. - Basic and diluted earnings per share both decreased by 7.69% to CNY 0.60[6]. - The weighted average return on net assets decreased by 0.64 percentage points to 4.81%[6]. - Net profit for the first three quarters of 2018 was CNY 7.68 billion, down from CNY 8.34 billion in the same period of 2017, reflecting a decrease of about 7.8%[44]. - The net profit attributable to shareholders of the parent company for Q3 2018 was CNY 1,749,437,088.53, a decrease from CNY 3,000,517,810.99 in Q3 2017, representing a decline of approximately 41.8%[45]. - The total comprehensive income attributable to shareholders of the parent company for Q3 2018 was CNY 2,742,417,209.50, compared to CNY 3,338,784,476.60 in Q3 2017, reflecting a decrease of approximately 17.8%[49]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY 44.63 billion, a significant recovery from a negative cash flow of CNY 76.24 billion in the same period last year[6]. - Cash inflows from operating activities totaled CNY 89.31 billion, compared to an outflow of CNY 34.31 billion in the previous year[52]. - The net cash flow from investment activities was -CNY 2.75 billion, a decline from a net inflow of CNY 21.44 billion in the same period last year[52]. - The net cash flow from financing activities was -CNY 33.29 billion, compared to a net inflow of CNY 28.09 billion in the same period of 2017[53]. - The total cash and cash equivalents at the end of the reporting period was CNY 133.52 billion, slightly down from CNY 135.25 billion at the end of the previous year[53]. Assets and Liabilities - Total assets decreased by 1.83% to CNY 614.15 billion compared to the end of the previous year[6]. - The company's total liabilities as of September 30, 2018, were CNY 457.78 billion, down from CNY 472.43 billion at the end of 2017[38]. - The company's total liabilities decreased from CNY 346.61 billion as of December 31, 2017, to CNY 308.68 billion as of September 30, 2018, a reduction of approximately 10.9%[42]. - The company's short-term financing payables decreased by 63.72% to CNY 12.17 billion, indicating a reduction in financing scale[9]. - The company's cash and cash equivalents increased to CNY 110.61 billion from CNY 98.82 billion year-over-year[37]. Shareholder Information - The total number of shareholders as of September 30, 2018, was 544,373[8]. - The largest shareholder, Hong Kong Central Clearing (Nominee) Limited, held 18.79% of the shares[8]. - The equity attributable to shareholders of CITIC Securities increased to CNY 152.79 billion from CNY 149.80 billion year-over-year[38]. Legal Matters - Company has filed a lawsuit against Zhongcheng Construction for early repayment of bonds totaling RMB 200 million and interest of RMB 4,865,753 due to deteriorating operational conditions[18]. - The arbitration case against Hao Feng for margin trading has resulted in a ruling for repayment of RMB 19,514,139.07, including principal, interest, and penalties[20]. - The company is pursuing a claim against Harbin Institute of Technology for RMB 406.73 million in principal and related costs due to a margin trading default[22]. - A lawsuit has been initiated against Jiangsu Huqiao Real Estate for property disputes valued at approximately RMB 17.5 million[23]. - The company is facing a claim from Shanghai Landpoint Investment for RMB 20,656,312 in advisory fees and penalties[24]. - Jiangsu Xinghua Rural Commercial Bank has filed for arbitration against the company for RMB 10,937,622.53 due to alleged breach of a directed asset management contract[25]. - The company has initiated arbitration against Che Meiyun for RMB 10,297,743.83 in principal and related costs due to margin trading defaults[26]. - A claim for RMB 18,501,775.34 has been filed against Chen Jian for margin trading defaults, with the case currently under arbitration[27]. - Jinshi Investment has sought arbitration for RMB 60,866,459.65 due to breaches by multiple parties in a stock transfer agreement[28]. - The company is involved in litigation regarding a coal procurement contract, with claims totaling RMB 42,274,880 against Shanxi Jinmei Group[29]. Operational Changes - The company has completed the relocation of 7 branch offices, enhancing its operational efficiency[13]. - The company plans to dissolve and liquidate CITIC Securities Information and Quantitative Services (Shenzhen) Co., Ltd., with related business returning to the parent company[32]. - The company has adjusted its departmental structure, merging the Business Synergy Development Department into the Strategic Client Department[32].