2024-10-30 11:11Financial Performance - Total revenue for Q3 2024 was CNY 4,034,308,958.63, a decrease of 28.03% compared to the same period last year[2] - Net profit attributable to shareholders was a loss of CNY 1,612,549,669.65, representing a decline of 403.05% year-over-year[2] - The net profit excluding non-recurring gains and losses was a loss of CNY 1,513,452,569.03, down 406.69% from the previous year[2] - The basic earnings per share for Q3 2024 was -CNY 0.12, a decline of 400.00% year-over-year[2] - The company's net profit for the first three quarters of 2024 was a loss of CNY 211.67 million, compared to a profit of CNY 4.51 billion in the same period of 2023[16] - The net profit attributable to the parent company for Q3 2024 was -129,609,700.16 CNY, compared to 4,652,148,242.69 CNY in Q3 2023, indicating a significant decline in profitability[17] - Net profit for the first three quarters of 2024 was CNY 5,276,944,894.01, up from CNY 4,697,031,346.06 in the previous year[22] Assets and Liabilities - Total assets decreased by 8.13% to CNY 693,237,322,492.14 compared to the end of the previous year[3] - Total assets as of September 30, 2024, were CNY 693.24 billion, down from CNY 754.59 billion at the end of 2023, a reduction of 8.1%[15] - Total liabilities decreased to CNY 523.75 billion from CNY 579.79 billion, representing a decline of 9.7%[15] - Total liabilities decreased to CNY 310,743,872,149.28 from CNY 344,239,296,806.33 year-on-year[21] - The company's total equity decreased to CNY 169.49 billion from CNY 174.80 billion, a decrease of 3.0%[15] - Total equity increased to CNY 157,717,200,483.13 from CNY 153,271,166,148.86 in the previous year[21] Cash Flow - Operating cash flow turned positive at CNY 46,686,135,148.11, a significant recovery from a negative cash flow of CNY -21,563,945,486.37 in the previous period[9] - The net cash flow from operating activities for the first three quarters of 2024 was 46,686,135,148.11 CNY, a substantial improvement from -21,563,945,486.37 CNY in the same period of 2023[18] - The net cash flow from investing activities for the first three quarters of 2024 was 19,183,680,544.56 CNY, compared to 5,963,183,793.20 CNY in the previous year[18] - The net cash flow from financing activities showed a significant outflow of -43,901,395,392.15 CNY in 2024, compared to -11,731,752,271.66 CNY in 2023[19] - The total cash and cash equivalents at the end of Q3 2024 amounted to 176,695,453,647.64 CNY, an increase from 149,162,354,129.28 CNY at the end of Q3 2023[19] - The net cash flow from investment activities is CNY 23.02 billion, a turnaround from a net outflow of CNY 1.67 billion in the same period last year[24] - Cash flow from financing activities resulted in a net outflow of CNY 16.24 billion, contrasting with a net inflow of CNY 4.74 billion in the previous year[25] Income and Expenses - Investment income for the first nine months of 2024 was CNY 3,406,659,311.74, a decrease of 35.03% compared to the same period in 2023[8] - Other income decreased by 51.26% to CNY 419,832,937.10, primarily due to a reduction in government subsidies[9] - Fair value changes resulted in a loss of CNY 1,514,102,229.81, reflecting a decrease in fair value gains from financial instruments[9] - Other business income fell by 59.95% to CNY 2,859,759,206.51, mainly due to reduced sales revenue from subsidiaries[9] - Net interest income for the first three quarters of 2024 was CNY 2.71 billion, down from CNY 3.27 billion in 2023, reflecting a decline of 17.2%[16] - Net commission and fee income decreased to CNY 5.35 billion in 2024 from CNY 7.43 billion in 2023, a drop of 28.1%[16] - Total operating expenses decreased to CNY 4,697,811,981.51 from CNY 5,038,470,008.34 year-on-year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 230,977, with 230,835 being A-share holders[10] - The largest shareholder, Hong Kong Central Clearing Limited, holds 3,409,058,956 shares, representing 26.09% of total shares[10] - Shanghai Guosheng Group holds 862,489,059 shares, accounting for 6.60% of total shares[10] Strategic Developments - The company is planning a merger with Guotai Junan Securities, which requires necessary internal decision-making and regulatory approvals[13]