2020-10-23 16:00Financial Performance - Operating revenue for the first nine months of 2020 was CNY 15.86 billion, representing a 63.55% increase year-on-year[4] - Net profit attributable to shareholders for the first nine months of 2020 was CNY 7.49 billion, up 96.11% from the same period last year[4] - Basic earnings per share for the first nine months of 2020 were CNY 0.94, an increase of 88.00% compared to the previous year[4] - Total operating revenue for Q3 2020 reached ¥5,959,508,802.27, a 57.4% increase from ¥3,791,428,089.86 in Q3 2019[28] - Net profit for Q3 2020 was ¥2,922,495,742.19, a significant rise of 94.0% from ¥1,505,788,533.07 in Q3 2019[29] - Net profit for the first three quarters of 2020 was ¥6.85 billion, representing a 85.0% increase from ¥3.70 billion in the same period of 2019[31] Assets and Liabilities - Total assets as of September 30, 2020, reached CNY 353.80 billion, an increase of 23.85% compared to the end of 2019[4] - The company's total assets reached RMB 353.8 billion as of September 30, 2020, compared to RMB 285.7 billion at the end of 2019, indicating an increase of approximately 24%[23] - Total liabilities increased to ¥291.74 billion from ¥228.77 billion, representing a growth of 27.5% year-over-year[24] - The company's total liabilities increased to ¥140.22 billion in the financing activities, compared to ¥86.82 billion in the previous year[32] Cash Flow - The net cash flow from operating activities for the first nine months of 2020 was negative CNY 18.00 billion, a decrease of 218.24% year-on-year[4] - The net cash flow from operating activities decreased by 218.24% to -CNY 18.00 billion, mainly due to increased cash outflows from trading financial assets and funds lent out[12] - Cash flow from operating activities showed a net outflow of ¥18.00 billion, contrasting with a net inflow of ¥15.23 billion in the previous year[32] - The cash and cash equivalents at the end of the period stood at ¥87,269,912,521.75, down from ¥64,817,005,766.93 in the previous year[36] Shareholder Information - The total number of shareholders as of the report date was 184,607, with 184,540 being A-share shareholders[6] - The top shareholder, Beijing State-owned Capital Management Center, held 2.68 billion shares, accounting for 35.11% of total shares[6] Investment and Income - Investment income rose by 188.55% to CNY 5.65 billion, primarily due to increased returns from trading financial assets[12] - Net commission and fee income for the year-to-date period increased by 54.61% to CNY 8.50 billion, driven by growth in brokerage and investment banking businesses[12] - The company reported a total profit of ¥3,690,739,082.66 for Q3 2020, compared to ¥1,988,951,962.43 in Q3 2019, representing an increase of 85.5%[29] Regulatory and Compliance - The company has submitted a written rectification report in response to regulatory penalties, outlining measures to strengthen branch management and compliance[16] - The company plans to expedite the completion of the business license change process and improve compliance measures following regulatory scrutiny[16] Other Financial Metrics - The company's settlement reserve increased by 83.62% to CNY 17.74 billion compared to the end of last year, primarily due to an increase in customer deposits[10] - The company's derivative financial liabilities rose by 137.65% to CNY 1.81 billion, attributed to an increase in equity derivative instruments[10] - The company's other business income surged by 989.17% to CNY 153.22 million, mainly due to increased revenue from commodity sales by its futures subsidiary[12]