BOCIC(601696)2024-10-30 09:37Financial Performance - Operating revenue for Q3 2024 reached ¥674,630,449.36, an increase of 10.19% year-on-year[2] - Net profit attributable to shareholders was ¥236,201,937.57, representing a year-on-year increase of 43.28%[2] - Basic earnings per share for the period was ¥0.09, up 50.00% compared to the same period last year[3] - The company reported a net profit of CNY 3.32 billion for the first three quarters of 2024, compared to CNY 2.89 billion for the same period in 2023, indicating a year-on-year increase of 14.9%[22] - Net profit for Q3 2024 was CNY 660.70 million, a decrease of 18.5% from CNY 811.13 million in Q3 2023[23] - Total comprehensive income for Q3 2024 was CNY 686.55 million, compared to CNY 806.87 million in Q3 2023, reflecting a decrease of 15.0%[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥74,517,670,905.77, a 7.30% increase from the end of the previous year[3] - Total liabilities increased to CNY 56.75 billion, representing a rise of 8.5% from CNY 52.22 billion at the end of 2023[21] - The company's equity attributable to shareholders rose to CNY 17.76 billion, compared to CNY 17.22 billion at the end of 2023, reflecting a growth of 3.2%[21] - The company's cash and cash equivalents amounted to CNY 32.26 billion, up 51.3% from CNY 21.36 billion at the end of 2023[20] - The ending balance of cash and cash equivalents increased to 37,798,982,091.20 from 28,319,627,411.30 year-over-year[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 114,888[7] - The largest shareholder, China International Capital Corporation, held 33.42% of the shares[7] - The company has a total of 928,421,054 shares held by its largest shareholder, which accounts for a significant portion of its equity structure[10] - The company reported a total of 35,915,627 shares held by China Construction Bank's ETF, representing 1.29% of the total shares[10] - The company has a total of 397,894,737 shares held by China National Petroleum Corporation, indicating strong institutional support[10] Operational Activities - Cash inflow from operating activities for the first three quarters of 2024 was CNY 20.78 billion, significantly higher than CNY 10.47 billion in the same period of 2023[25] - The net cash flow from operating activities was 14,741,055,728.75, a significant improvement compared to -4,500,167,095.72 in the previous year[26] - Total cash outflow from operating activities amounted to 6,042,669,994.40, down from 14,966,476,963.94 year-over-year[26] - The company reported a total cash outflow for other operating activities of 1,246,548,961.77, significantly lower than 2,558,240,319.32 in the previous year[26] Investment and Financing Activities - The company issued a short-term financing bond on July 18, 2024, with a total amount of RMB 1 billion and a coupon rate of 2.00%[12] - The company successfully redeemed its first short-term financing bond issued in 2023, with a total amount of RMB 1 billion, on September 22, 2024[14] - Cash inflow from investment activities was 1,153,884,566.47, compared to 2,591,143,740.88 in the same period last year[26] - The net cash flow from investment activities was -2,308,072,329.44, a decline from 289,161,388.89 year-over-year[26] - Cash inflow from financing activities totaled 5,400,030,000.00, down from 7,304,060,000.00 in the previous year[26] - The net cash flow from financing activities was -1,704,115,500.55, compared to -235,204,251.10 in the same period last year[26] Changes in Management - The company has undergone a change in its board of directors, with the removal of an independent director due to disciplinary issues[16] - The company appointed Wang Wei as a senior client manager and executive committee member on August 30, 2024[19] - The company has proposed new board members, Wang Yue and Wang Lei, following the resignation of two directors due to work arrangements[18] Business Development - The company established two new securities business departments during the reporting period, located in Jiamusi and Qinhuangdao[11] - The company plans to expand its market presence through strategic partnerships and new product offerings in the upcoming quarters[11] Other Financial Metrics - Non-recurring gains and losses totaled ¥52,420,948.71 for the period[5] - The company received government subsidies amounting to ¥69,826,178.06, closely related to its normal business operations[5] - The return on equity (ROE) for the reporting period was 1.33%, an increase of 0.36 percentage points[3] - The company has maintained a consistent dividend policy, ensuring returns to shareholders amidst market fluctuations[10] - The company’s trading financial assets decreased to CNY 14.53 billion, down 24.0% from CNY 19.22 billion at the end of 2023[21] - The company’s other debt investments increased significantly to CNY 4.65 billion, up 97.0% from CNY 2.36 billion at the end of 2023[21]