CGS(601881)2024-04-29 11:21Financial 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[4]. - Net profit attributable to shareholders was CNY 1,631,459,082.73, down 27.46% year-on-year[4]. - Basic earnings per share decreased by 42.86% to CNY 0.12, primarily due to a reduction in net profit attributable to shareholders[7]. - Total comprehensive income for Q1 2024 was CNY 2,539,256,349.21, a decrease from CNY 2,971,517,822.78 in the same period last year[21]. - Net profit attributable to shareholders of the parent company was CNY 1,631,459,082.73, down 27.43% from CNY 2,249,061,846.86 in Q1 2023[21]. - Net profit for Q1 2024 was approximately ¥1.51 billion, a decrease from ¥1.92 billion in Q1 2023, representing a decline of about 21.06%[27]. - Total comprehensive income for Q1 2024 was approximately ¥2.55 billion, down from ¥2.71 billion in Q1 2023, reflecting a decrease of about 5.88%[27]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 1,423.64% to CNY 82,344,456,666.09, driven by increased cash flow from securities trading[7]. - Cash flow from operating activities in Q1 2024 was approximately ¥86.48 billion, significantly up from ¥5.52 billion in Q1 2023, marking an increase of approximately 1465.73%[28]. - Cash received from interest, fees, and commissions was CNY 6,891,246,429.20, up from CNY 5,641,539,599.99 year-over-year[22]. - The company reported a net increase in cash and cash equivalents of CNY 42,115,075,020.59, contrasting with a decrease of CNY -13,751,282,457.71 in Q1 2023[23]. - The total cash and cash equivalents at the end of Q1 2024 reached approximately ¥145.89 billion, up from ¥92.45 billion at the end of Q1 2023, indicating an increase of about 57.83%[29]. Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 768,850,238,558.42, reflecting a 15.93% increase from the end of the previous year[4]. - The total liabilities of the company were CNY 635.82 billion, compared to CNY 532.71 billion, indicating an increase of approximately 19.4%[18]. - The company's total equity reached CNY 133.03 billion, an increase from CNY 130.49 billion, showing a growth of about 1.9%[18]. - Total assets increased to CNY 685,620,957,958.38 from CNY 573,927,919,341.14, representing a growth of 19.5%[25]. - Total liabilities rose to CNY 556,476,353,002.91, up from CNY 447,333,490,766.08, indicating an increase of 24.4%[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 129,794, including 129,145 A-share shareholders and 649 H-share shareholders[9]. - The top shareholder, China Galaxy Financial Holdings Co., Ltd., holds 5,186,538,364 shares, representing 47.43% of total shares[9]. - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 3,688,221,486 shares, accounting for 33.73% of total shares[9]. - The report highlights that the shareholding structure remains stable, with no significant changes in the top shareholders compared to the previous period[14]. - The total number of shares held by the top 10 unrestricted shareholders totals 5,186,538,364 shares, with no conditions on these shares[10]. Investment Performance - Investment income for Q1 2024 was a loss of CNY 2,280,461,014.71, a decline of 244.05% compared to the same period last year[8]. - The fair value change gain was CNY 3,906,166,119.84, up 370.08% year-on-year, attributed to market fluctuations[8]. - Investment losses amounted to CNY -2,353,011,510.35, contrasting with a profit of CNY 1,182,305,828.10 in the same period last year[26]. Management and Corporate Actions - The company appointed new directors and a secretary to the board, indicating a shift in management structure[15]. - The report confirms that the company has not engaged in any mergers or acquisitions during the quarter[12]. - The company has not reported any new product launches or technological advancements in this quarter[19]. Other Financial Metrics - The company experienced a decrease in total operating expenses to CNY 5,428,368,477.14, down from CNY 6,122,922,489.17 in the previous year[20]. - The company reported a net cash outflow from investment activities of CNY 35,287,430,011.27, compared to a net outflow of CNY 14,312,653,182.83 in the previous year[22]. - The company’s derivative financial liabilities decreased to CNY 2.96 billion from CNY 5.52 billion, a decline of about 46.3%[18]. - The company did not report any basic or diluted earnings per share for Q1 2024[27]. - The company is not applying new accounting standards or interpretations for the first time in 2024[30].