Financial Performance - The company's operating revenue for Q1 2024 was CNY 7,214,073,753.02, a decrease of 17.06% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 1,631,459,082.73, down 27.46% year-on-year[3]. - Basic earnings per share decreased by 42.86% to CNY 0.12, reflecting a reduction in net profit and an increase in share capital compared to the previous year[3][6]. - The company's total revenue for Q1 2024 was RMB 7.21 billion, down from RMB 8.70 billion in Q1 2023, reflecting a decrease of approximately 17.0%[20]. - Net interest income for Q1 2024 was RMB 929.91 million, a decline from RMB 1.12 billion in Q1 2023, which is a decrease of about 16.8%[20]. - The net investment loss for Q1 2024 was RMB 2.28 billion, contrasting with a profit of RMB 1.58 billion in Q1 2023, marking a significant negative shift[20]. - Net profit for Q1 2024 was approximately ¥1.51 billion, down 21.1% from ¥1.92 billion in Q1 2023[31]. - Total comprehensive income for Q1 2024 was approximately ¥2.55 billion, a decrease of 5.9% compared to ¥2.71 billion in Q1 2023[32]. Assets and Liabilities - Total assets increased by 15.93% to CNY 768,850,238,558.42 compared to the end of the previous year[4]. - Total liabilities amounted to RMB 635.82 billion as of March 31, 2024, compared to RMB 532.71 billion at the end of 2023, indicating an increase of about 19.4%[18][19]. - Total assets as of March 31, 2024, were CNY 685,620,957,958.38, up from CNY 573,927,919,341.14 at the end of 2023[27]. - Total liabilities increased to CNY 556,476,353,002.91 as of March 31, 2024, compared to CNY 447,333,490,766.08 at the end of 2023[28]. - The company’s total liabilities to equity ratio increased to approximately 478.5% as of March 31, 2024, compared to 408.5% at the end of 2023, indicating a rise in financial leverage[18][19]. Cash Flow - Cash flow from operating activities showed a significant increase of 1,423.64% to CNY 82,344,456,666.09, mainly due to increased cash flow from securities trading[6]. - Cash and cash equivalents increased to RMB 157.30 billion as of March 31, 2024, up from RMB 113.63 billion at the end of 2023, representing a growth of approximately 38.5%[17]. - Cash inflow from operating activities in Q1 2024 was approximately ¥86.48 billion, significantly up from ¥5.52 billion in Q1 2023[34]. - Cash inflow from financing activities in Q1 2024 was approximately ¥14 billion, down from ¥16.65 billion in Q1 2023[36]. - The company's net cash flow from financing activities was negative CNY 4,920,927,200.03 in Q1 2024, slightly worse than negative CNY 4,746,143,462.41 in Q1 2023[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 129,794, with 129,145 A-share ordinary shareholders and 649 H-share registered shareholders[9]. - The largest shareholder, China Galaxy Financial Holdings Co., Ltd., holds 5,186,538,364 shares, accounting for 47.43% of the total shares[10]. - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 3,688,221,486 shares, representing 33.73% of the total shares[10]. - The top ten shareholders collectively hold a significant portion of the shares, with the top two alone accounting for over 81%[10]. - The report indicates that there are no pledged, marked, or frozen shares among the top shareholders[10]. Investment Performance - Investment income for the period was CNY -2,280,461,014.71, a decline of 244.05% compared to the previous year, primarily due to reduced investment income from financial instruments[8]. - The fair value change gain was CNY 3,906,166,119.84, an increase of 370.08% driven by market fluctuations[8]. - The fair value gains for Q1 2024 were RMB 3.91 billion, significantly higher than RMB 830.97 million in Q1 2023, reflecting an increase of approximately 370.5%[20]. Operational Highlights - The company advises investors to pay attention to other important information regarding its operational situation during the reporting period[15]. - The company reported a net commission and fee income of RMB 1.47 billion for Q1 2024, down from RMB 1.52 billion in Q1 2023, indicating a decrease of approximately 2.6%[20]. - Total operating expenses for Q1 2024 decreased to ¥5.43 billion from ¥6.12 billion in Q1 2023, a reduction of approximately 11.3%[21]. Governance and Compliance - The company will implement new accounting standards starting in 2024, affecting the financial statements from the beginning of the year[38]. - The board of directors includes Chairman Wang Sheng and Vice Chairman and President Xue Jun[38]. - The company has a diverse board with both executive and independent non-executive directors[38]. - The involvement of independent directors suggests a commitment to governance and transparency[38]. - The company is focused on ensuring compliance with new financial regulations[38].
中国银河(06881) - 2024 Q1 - 季度业绩