2024-04-29 09:17Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,294,338,313.98, a decrease of 35.91% compared to the same period last year[4] - Net profit attributable to shareholders for Q1 2024 was CNY 1,227,846,471.91, down 49.39% year-on-year[4] - The basic earnings per share for Q1 2024 was CNY 0.12, reflecting a decline of 57.14% compared to the previous year[4] - Total comprehensive income amounted to CNY 1,373,455,074.29, a decrease of 50.16% compared to CNY 2,756,446,559.05 in the previous year[32] - Net profit for Q1 2024 was CNY 1,230,823,939.75, a decline of 49.3% from CNY 2,429,086,836.40 in Q1 2023[31] - Net commission and fee income was CNY 2,109,123,968.55, down 26.0% from CNY 2,850,138,650.58 in the same period last year[31] - The company's net interest income was CNY 161,704,831.94, down 64.7% from CNY 456,998,954.29 in Q1 2023[31] - The company's investment income for Q1 2024 was a loss of CNY 943,034,972.31, a decline of 161.32% year-on-year[10] - The fair value change gain for Q1 2024 was CNY 2,449,222,062.98, an increase of 151.74% compared to the previous year[10] Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 532,225,762,938.30, an increase of 1.81% from the end of the previous year[5] - Total liabilities increased to CNY 429,097,074,492.90 from CNY 425,225,781,817.76 at the end of 2023[29] - The company's equity attributable to shareholders increased by 5.74% year-on-year, amounting to CNY 103,077,351,461.70[5] - The company's cash and cash equivalents decreased to CNY 109,483,965,652.17 from CNY 117,053,699,971.99 at the end of 2023[29] - The company's receivables increased to RMB 9.34 billion from RMB 8.59 billion, reflecting a growth of about 8.7%[37] Cash Flow - The net cash flow from operating activities for Q1 2024 was CNY 577,626,820.47, a significant improvement compared to the same period last year[11] - Cash inflow from operating activities totaled CNY 24,770,862,251.58, compared to CNY 12,499,924,785.69 in the previous year, indicating an increase of 97.83%[34] - Cash outflow from operating activities was CNY 24,193,235,431.11, up from CNY 21,912,242,959.80, reflecting a rise of 10.39%[34] - Net cash flow from investing activities was CNY 4,318,477,543.54, a recovery from a negative cash flow of CNY -1,774,579,915.39 in the previous year[34] - Cash inflow from financing activities was CNY 23,578,792,907.42, down from CNY 30,833,296,452.08 year-over-year, a decrease of 23.61%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 138,906[12] - The top shareholder, Beijing Financial Holdings Group Co., Ltd., holds 2,777,389,017 shares, accounting for 35.81% of the total shares[12] - Central Huijin Investment Ltd. is the second-largest shareholder with 2,386,052,459 shares, representing 30.76%[12] - The total number of shares held by the top ten shareholders is significant, with the top three alone holding over 77% of the shares[12] Regulatory Compliance - The company reported no major litigation or arbitration cases exceeding RMB 10 million during the first quarter of 2024[18] - The Shenzhen Stock Exchange issued a written warning to the company and two executives for regulatory violations related to a public offering process[19] - The company is implementing corrective measures to enhance compliance and improve the quality of information disclosure[19] - The company has strengthened training for listed company personnel to ensure compliance with fundraising regulations[21] - The company has implemented corrective measures following a warning from the Shandong Securities Regulatory Bureau regarding improper supervision of fundraising usage[21] Bond Issuance - In Q1 2024, the company issued a total of RMB 167 billion in various bonds, including RMB 15 billion in short-term bonds and RMB 45 billion in perpetual subordinated bonds[22] - The short-term bond "24 信投 S1" has a maturity of 1 year and a fixed interest rate of 2.52%[22] - The perpetual subordinated bond "24 信投 Y1" has a fixed interest rate of 3.15% for the first 5 years, with the option to extend the term[22] - The company completed the issuance of RMB 27 billion in public company bonds, with rates of 2.72% for 3-year bonds and 2.99% for 10-year bonds[22] Risk Management - The report highlights the importance of maintaining strong risk control and compliance measures within the organization[19] - The company is focused on enhancing the awareness of proper fundraising usage among listed companies[21] - The company has made efforts to improve its continuous supervision responsibilities[21]