2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 6,700,378,176.07, representing a year-on-year increase of 5.81%[4] - The net profit attributable to shareholders for Q1 2023 was CNY 2,432,549,554.65, reflecting a significant increase of 57.78% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,473,957,198.90, up by 61.57% year-on-year[4] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.28, an increase of 55.56% compared to the previous year[5] - The weighted average return on equity increased by 1.05 percentage points to 3.15%[5] - The company reported a total comprehensive income of ¥2,762,905,488.53 for Q1 2023, compared to ¥1,390,828,316.69 in Q1 2022, indicating a year-over-year increase of 98.7%[26] - The company's investment income from joint ventures and associates was ¥972,926,778.50, a significant recovery from a loss of ¥565,275,315.70 in the same period last year[25] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -9,412,318,174.11, a decrease of 165.67% year-on-year[9] - The company's cash and cash equivalents decreased to ¥108.16 billion from ¥112.19 billion, a decline of about 3.7%[22] - The total cash inflow from financing activities was ¥30,833,296,452.08, an increase from ¥20,152,249,252.65 in Q1 2022, representing a growth of 52.9%[28] - The net cash flow from financing activities for Q1 2023 was RMB 5,941,515,026.48, a recovery from a negative cash flow of RMB 6,078,870,133.93 in the same period last year[31] - The company experienced a net decrease in cash and cash equivalents of -10,341,619,367.52 RMB in Q1 2023, compared to an increase of 4,977,474,809.23 RMB in Q1 2022[35] Assets and Liabilities - The total assets as of March 31, 2023, were CNY 525,172,109,291.09, up by 2.98% from the end of the previous year[5] - The total liabilities increased to ¥429.36 billion from ¥416.67 billion, marking an increase of about 3.8%[23] - The total equity attributable to shareholders rose to ¥95.76 billion from ¥93.24 billion, an increase of about 2.7%[23] - Total assets as of March 31, 2023, amounted to RMB 476,400,210,621.72, compared to RMB 467,798,629,131.64 at the end of 2022, showing an increase of about 1.3%[31] - Total liabilities increased to RMB 385,646,142,235.03 as of March 31, 2023, from RMB 378,956,877,558.76 at the end of 2022, marking a rise of approximately 1.8%[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 159,314, with the top 10 shareholders holding a combined 34.61% and 30.76% of shares respectively[11] - Beijing Financial Holdings Group Co., Ltd. holds 2,684,309,017 shares, accounting for 34.61% of total shares[11] - Central Huijin Investment Ltd. holds 2,386,052,459 shares, representing 30.76% of total shares[11] Regulatory and Compliance - The company faced administrative penalties from the People's Bank of China and the Beijing Securities Regulatory Bureau for violations of anti-money laundering laws[15] - The company is implementing corrective measures to enhance internal control and risk management following regulatory warnings[16] - The company has no significant litigation or arbitration cases exceeding RMB 10 million during the reporting period[14] Corporate Actions - The company completed two phases of private corporate bond issuance in Q1 2023, totaling RMB 4.5 billion[17] - In January 2023, the company issued RMB 3 billion in bonds, with a 3-year term and a coupon rate of 3.20%[17] - In February 2023, the company issued RMB 1.5 billion in bonds, with a 2-year term and a coupon rate of 3.10%[17] - The company established a new subsidiary in Suzhou, enhancing its operational footprint[19] - The company completed the address changes for 1 subsidiary and 8 securities business departments, indicating ongoing operational adjustments[18] - The company plans to set up a special fund for compensation related to the fraudulent issuance incident involving a subsidiary, aiming to protect investor interests[20] Other Financial Metrics - The cash received from interest, fees, and commissions was ¥6,153,628,541.52, down from ¥6,752,776,268.04 in the previous year, a decline of 8.8%[28] - The company reported a decrease in cash received from interest, fees, and commissions to 5,581,814,263.92 RMB from 6,135,566,038.98 RMB year-over-year[34] - The cash paid for employee compensation increased to 1,402,393,428.40 RMB from 1,203,060,126.87 RMB in Q1 2022[34] - The cash paid for taxes decreased to 908,180,052.64 RMB from 1,607,293,309.29 RMB in the same quarter last year[34]