2024-10-30 10:57Financial Performance - Operating revenue for Q3 2024 was CNY 4,538,713,771, a decrease of 10.03% compared to the same period last year[3] - Net profit attributable to shareholders of the parent company was CNY 630,107,748, down 39.82% year-on-year[3] - Basic earnings per share decreased by 49.01% to CNY 0.093 for the current period[3] - Total operating revenue for the first three quarters of 2024 was CNY 13.45 billion, a decrease of 23.0% compared to CNY 17.47 billion in the same period of 2023[19] - Net profit for the first three quarters of 2024 was CNY 2.86 billion, down 38.3% from CNY 4.63 billion in the same period of 2023[19] - The net income from commission and fees was CNY 7.14 billion, a decline of 20.6% from CNY 9.00 billion in the previous year[19] - The company reported a net interest income of -CNY 1.19 billion, compared to -CNY 827.76 million in the same period last year[19] - Total comprehensive income for the third quarter of 2024 reached CNY 2,735,152,886, a decrease from CNY 5,567,738,740 in the same period of 2023[20] - Basic earnings per share for the third quarter of 2024 was CNY 0.49, down from CNY 0.85 year-over-year[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 655,379,857,305, an increase of 4.98% from the end of the previous year[3] - Total assets as of September 30, 2024, reached CNY 655.38 billion, an increase of 5.0% from CNY 624.31 billion at the end of 2023[18] - Total liabilities increased to CNY 546.28 billion, up 5.2% from CNY 519.41 billion at the end of 2023[18] - Total liabilities amounted to CNY 252,136,581,096 as of the end of Q3 2024, up from CNY 247,289,260,000 at the end of Q3 2023, reflecting an increase of approximately 2%[24] - Total equity increased to CNY 82,452,170,881 in Q3 2024, compared to CNY 78,137,322,506 in Q3 2023, marking a growth of about 5%[24] Cash Flow - The company reported a net cash flow from operating activities of CNY 24,372,784,200 for the year-to-date period[3] - Net cash flow from operating activities improved to ¥24,372,784,200 from a negative cash flow of ¥26,026,053,869 year-on-year[9] - Net cash flow from operating activities for the first three quarters of 2024 was CNY 24,372,784,200, a significant improvement compared to a net outflow of CNY 26,026,053,869 in the same period of 2023[21] - The company reported a net increase in cash and cash equivalents of CNY 9,885,941,917 for the third quarter of 2024, compared to a decrease of CNY 30,784,071,798 in the same quarter of 2023[22] - The company’s net decrease in cash and cash equivalents of CNY 7,471,201,609 for Q3 2024, contrasting with a net decrease of CNY 15,543,364,595 in Q3 2023[28] Investment and Income - Investment income and fair value changes increased by 6.80% to CNY 7,468,679,315 compared to the same period last year[8] - Other income decreased by 60.18% to CNY 75,263,603 due to a reduction in government subsidies received[8] - The company’s investment income for the first three quarters was CNY 5.92 billion, down 46.9% from CNY 11.14 billion in the same period last year[19] - The company’s investment activities resulted in a net cash outflow of CNY 2,721,752,628 in the first three quarters of 2024, compared to a net inflow of CNY 3,644,617,382 in 2023[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 118,332, with the largest shareholder holding 40.11%[10] - Central Huijin Investment Ltd. held 1,936,155,680 shares, representing 40.11% of total shares[12] - The number of shares held by the top shareholder, Industrial and Commercial Bank of China, increased to 17,074,069 shares, representing 0.35% of total shares[15] Other Financial Metrics - The liquidity coverage ratio improved to 271.91% from 201.13% at the end of the previous year[5] - The net capital to net assets ratio was 55.12%, down from 56.47% at the end of the previous year[5] - Credit impairment losses decreased to ¥7,265,951 from a reversal of ¥2,511,570 year-on-year[9] - Other business costs increased by 275.44% to ¥2,048,019 due to higher depreciation on rental properties[9] - Operating income decreased by 87.51% to ¥1,005,802, reflecting a reduction in non-operating income[9] - Operating expenses decreased by 61.78% to ¥52,495,057, primarily due to a reduction in provisions for pending litigation[9] - Income tax expenses decreased by 58.93% to ¥217,519,866, attributed to an increase in tax-exempt income as a proportion of total profit[9]