Huaan Securities(600909)2024-10-28 09:11Financial Performance - Operating revenue for Q3 2024 reached ¥1,215,049,335.14, an increase of 49.17% year-on-year[2] - Net profit attributable to shareholders was ¥429,193,896.85, reflecting a 42.10% increase compared to the same period last year[2] - Basic earnings per share for the quarter was ¥0.09, up 50.00% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 3,177,217,130.06, an increase from CNY 2,720,437,121.58 in the same period of 2023, representing a growth of approximately 16.8%[16] - The company reported a net profit of CNY 1,267,783,366.45 for the first three quarters, compared to CNY 1,141,763,870.38 in the previous year, reflecting a growth of approximately 11.0%[16] - The net profit for the third quarter of 2024 reached CNY 1,139,390,025.64, an increase from CNY 974,589,198.38 in the same period last year, representing a growth of approximately 16.9%[17] - The total comprehensive income for the third quarter of 2024 was CNY 1,393,685,772.66, compared to CNY 1,099,326,866.45 in the previous year, indicating a year-over-year increase of about 26.7%[17] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥91,605,150,386.82, a 15.14% increase from the end of the previous fiscal year[3] - Total assets rose to CNY 91,605,150,386.82, up from CNY 79,557,635,438.81, reflecting an increase of about 15.5%[15] - Total liabilities increased to CNY 69,532,487,818.09 from CNY 58,408,907,285.37, representing a growth of approximately 19.3%[15] - The total equity attributable to shareholders reached CNY 22,009,069,051.84, up from CNY 21,081,137,500.56, indicating an increase of about 4.4%[15] Cash Flow and Investments - The company reported a total revenue from interest, fees, and commissions of CNY 3,050,871,153.11 for the first nine months of 2024, up from CNY 2,745,887,503.89 in the previous year[18] - The operating cash flow for the first nine months of 2024 was CNY 5,359,183,877.24, a significant improvement from a negative cash flow of CNY -4,972,716,761.98 in the same period last year[18] - The total cash and cash equivalents at the end of the third quarter of 2024 amounted to CNY 25,789,292,900.32, an increase from CNY 18,958,032,445.85 at the end of the same period last year[18] - The company reported a net increase in financial assets held for trading of CNY 5,187,286,960.97 for the first nine months of 2024, compared to CNY 3,700,500,193.26 in the same period last year[18] - Investment income rose by 33.36%, attributed to higher returns from financial asset investments[6] Shareholder Information - The total number of common shareholders at the end of the reporting period is 122,135, with the largest shareholder, Anhui State-owned Capital Operation Holding Group Co., Ltd., holding 1,138,750,053 shares, representing 24.24% of the total shares[7] - The company has not reported any changes in the top 10 shareholders due to securities lending activities during the reporting period[10] - The company has maintained a stable financial position with no significant changes in the pledged or frozen shares among the top shareholders[7] Operational Changes - The company has established a new asset management subsidiary, Huazheng Asset Management Co., Ltd., which received its securities and futures business license in July 2024, expanding its service offerings[11] - The company plans to optimize its branch network by closing the Ma'anshan Bowang South Ring Road Securities Business Department, transferring its operations to the Ma'anshan branch[12] - The company is actively engaging in market expansion through the establishment of new business units and optimizing existing operations[11] Other Financial Metrics - The liquidity coverage ratio decreased to 222.88% from 449.04% year-on-year[4] - The return on equity (ROE) increased to 1.97%, up 0.5 percentage points from the previous year[2] - Non-operating income for the quarter totaled ¥26,255.38, with significant contributions from government subsidies[5] - The company issued bonds that generated cash inflow of CNY 14,587,330,000.00 in the third quarter of 2024, compared to CNY 9,891,030,000.00 in the same period last year, marking a 47.3% increase[18] - The total amount of funds lent out decreased to ¥8.86 billion from ¥10.49 billion, indicating a decline of 15.5%[13] - Net interest income decreased to CNY 174,656,541.57 from CNY 325,419,590.27 year-over-year, reflecting a decline of about 46.3%[16] - Net commission and fee income for the first three quarters was CNY 1,166,889,332.11, slightly down from CNY 1,194,121,784.31, indicating a decrease of around 2.3%[16] - The company’s other comprehensive income increased significantly to CNY 327,915,388.62 from CNY 71,454,590.94, marking a growth of about 359.5%[15] - The company maintained a stable capital reserve of CNY 7,978,253,878.87, consistent with the previous year[15] - The basic earnings per share for the third quarter of 2024 was CNY 0.24, compared to CNY 0.20 in the same quarter of the previous year, reflecting a growth of 20%[17] - The total operating cash outflow for the first nine months of 2024 was CNY 7,799,052,566.16, compared to CNY 6,695,032,772.60 in the previous year, indicating an increase in operational expenses[18] - The company did not apply new accounting standards for the first time in 2024, as indicated in the report[19]