西部证券(002673) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,101,439,508.42, a decrease of 38.42% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥75,152,597.60, down 53.74% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,113,509.10, a decline of 59.09% compared to the previous year[3]. - The basic earnings per share for Q3 2024 was ¥0.0168, a decrease of 53.72% year-on-year[4]. - Total operating revenue for Q3 2024 was ¥4,430,617,170.59, a decrease of 22.6% compared to ¥5,723,436,830.41 in the same period last year[24]. - Net commission and fee income was ¥1,127,355,257.92, down from ¥1,287,949,234.82, reflecting a decline of 12.5%[24]. - Investment income for the period was ¥1,492,128,753.53, slightly down from ¥1,551,021,425.09, indicating a decrease of 3.8%[24]. - The net profit for the third quarter of 2024 was CNY 747,857,574.04, a decrease of 17.0% compared to CNY 902,070,259.59 in the same period last year[25]. - The total profit for the quarter was CNY 960,697,227.40, down 20.5% from CNY 1,209,095,997.64 year-over-year[25]. - The operating profit for the quarter was CNY 959,546,189.90, a decline of 21.5% from CNY 1,223,138,780.79 in the previous year[25]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥96,468,936,596.75, reflecting a slight increase of 0.26% from the end of the previous year[4]. - Total assets decreased by 3.47% to ¥83,877,617,317.32[13]. - Total assets as of September 30, 2024, amounted to ¥96,468,936,596.75, a slight increase from ¥96,220,878,199.07 at the beginning of the year[23]. - Total liabilities decreased to ¥68,008,484,094.91 from ¥68,097,478,818.74, showing a reduction of 0.13%[23]. - Shareholders' equity increased to ¥28,460,452,501.84 from ¥28,123,399,380.33, reflecting a growth of 1.2%[23]. Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥7,707,965,606.95, a significant increase of 1805.63%[3]. - Cash received from operating activities decreased by 35.92% to ¥7,328,151,617.05, mainly due to changes in the scale of trading financial liabilities[11]. - The cash flow from operating activities increased significantly to CNY 7,707,965,606.95, compared to CNY 404,484,164.98 in the same quarter last year[26]. - The cash flow from financing activities showed a net outflow of CNY 330,777,325.19, an improvement from a net outflow of CNY 1,753,083,666.08 in the same quarter last year[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 181,299[14]. - The largest shareholder, Shaanxi Investment Group Co., Ltd., holds 35.65% of shares[15]. - The major shareholder, Shaanxi Investment Group Co., Ltd., holds 57.78% of the shares, indicating a strong control over the company[17]. - The company plans to repurchase shares with a budget between RMB 50 million and RMB 100 million, with a maximum repurchase price adjusted to RMB 8.17 per share[20]. - The company has not implemented the share repurchase plan yet, pending market conditions and stock performance[20]. Business Operations - The net income from investment banking services decreased by 38.23% to ¥161,617,558.56 due to a reduction in securities underwriting revenue[9]. - The net income from asset management services increased by 81.24% to ¥125,890,517.52, driven by higher fees from collective asset management[9]. - Other business income fell by 33.55% to ¥1,829,648,651.48, primarily due to reduced revenue from subsidiary West Yongtang's commodity trading[10]. - Operating expenses decreased by 87.35% to ¥1,833,126.27, mainly due to a reduction in non-tax expenditures[10]. - The company has decided to close its Lanzhou Donggang East Road Securities Business Department to enhance operational efficiency in wealth management[20]. Market and Investment - Fair value change income decreased by 59.97% to ¥116,523,036.00 due to market fluctuations in financial instruments[10]. - The company has issued bonds for professional investors, indicating ongoing capital raising efforts[20]. - The company has not reported any participation in margin financing activities by its top shareholders[17]. - The company recorded a net decrease in financial assets held for trading of CNY 7,708,204,167.00, compared to a decrease of CNY 1,794,339,906.50 in the previous year[26].