2024-10-30 11:39Financial Performance - The company's operating revenue for Q3 2024 reached CNY 6,580,295,775.05, representing a year-on-year increase of 62.74%[3] - Net profit for the quarter was CNY 1,848,309,873.22, a significant increase of 148.49% compared to the same period last year[3] - The net profit attributable to shareholders of the listed company was CNY 1,721,797,301.72, up 187.13% year-on-year[3] - The basic earnings per share for the quarter was CNY 0.07, reflecting a 250.00% increase compared to the previous year[3] - Total operating revenue for the first nine months of 2024 reached RMB 17.46 billion, an increase from RMB 16.28 billion in the same period of 2023, representing a growth of 7.2%[19] - Net profit for the first nine months of 2024 was RMB 4.71 billion, down 6.0% from RMB 5.01 billion in the same period of 2023[19] - The company reported a total profit of RMB 5.41 billion, a decrease of 3.2% from RMB 5.59 billion in the previous year[19] Assets and Liabilities - Total assets as of September 30, 2024, amounted to CNY 672,171,063,278.74, a 5.78% increase from the end of the previous year[3] - The total liabilities increased to RMB 540.63 billion from RMB 506.64 billion, marking a growth of around 6.7%[18] - The equity attributable to shareholders of the parent company was RMB 103.09 billion, compared to RMB 100.15 billion, showing an increase of about 2.9%[18] Cash Flow - The company's cash flow from operating activities for the year-to-date reached CNY 64,490,363,330.23, an increase of 28.56%[3] - The net cash flow from operating activities for the first nine months of 2024 was RMB 64.49 billion, an increase of 28.5% compared to RMB 50.16 billion in the same period of 2023[20] - The cash and cash equivalents at the end of the period reached RMB 190.35 billion, up from RMB 113.04 billion at the end of the same period last year, representing a growth of 68.4%[20] Investment Income - Investment income for Q3 2024 decreased by 63.30% to CNY 2,017,485,698.37 compared to the same period last year[8] - Investment income significantly dropped to RMB 2.02 billion, a decline of 63.3% compared to RMB 5.50 billion in the previous year[19] - The cash inflow from investment income received was RMB 5.58 billion, an increase of 72.5% compared to RMB 3.24 billion in the previous year[20] Shareholder Information - The top shareholder, China Jianyin Investment, holds 26.34% of shares, totaling 6,596,306,947 shares[10] - The second-largest shareholder, Central Huijin Investment, holds 20.05% of shares, totaling 5,020,606,527 shares[10] Governance and Management - The company held its first extraordinary general meeting on October 22, 2024, to elect the sixth board of directors[13] - The company has appointed Liu Jian as the chairman and Huang Hao as the vice chairman of the sixth board of directors, effective from October 22, 2024[14] - The sixth supervisory board has been established, with Fang Rongyi elected as the chairman, effective from October 22, 2024[16] - The company has proposed to nominate three non-employee supervisors for the sixth supervisory board, indicating ongoing governance updates[15] Other Financial Metrics - Total assets on and off the balance sheet decreased by 5.95% to CNY 525.30 billion from CNY 558.55 billion year-over-year[9] - Risk coverage ratio decreased by 5.75 percentage points to 295.02% from 300.77% year-over-year[9] - Capital leverage ratio increased by 0.65 percentage points to 11.93% from 11.28% year-over-year[9] - Liquidity coverage ratio decreased by 4.48 percentage points to 165.13% from 169.61% year-over-year[9] - Net stable funding ratio increased by 3.96 percentage points to 134.43% from 130.47% year-over-year[9] Other Income and Expenses - The company reported a significant increase in other business income, which rose by 56.57% to CNY 4,915,273,402.62[8] - Net commission and fee income decreased to RMB 4.15 billion, down 22.9% from RMB 5.38 billion year-over-year[19] - The tax expense for the first nine months of 2024 was RMB 701 million, an increase of 21.0% from RMB 579 million in the same period of 2023[19] - Other comprehensive income after tax decreased to RMB 496 million, down 51.5% from RMB 1.03 billion year-over-year[19] - The company experienced a foreign exchange loss of RMB 16.99 million, contrasting with a gain of RMB 23.63 million in the previous year[19] Accounting Standards - The company did not execute the new accounting standards for the current year[21]