ITG(SH:600755)2018-04-27 16:00Financial Performance - Operating revenue rose by 33.71% to CNY 34.64 billion year-on-year[6] - Net profit attributable to shareholders increased by 348.02% to CNY 271.04 million compared to the same period last year[6] - Basic earnings per share decreased by 4.76% to CNY 0.20 per share[6] - Operating profit for Q1 2018 was ¥781.28 million, up from ¥631.08 million, reflecting a growth of 23.7%[27] - Net profit attributable to shareholders of the parent company was ¥526.32 million, compared to ¥427.22 million, marking a 23.2% increase[28] - Net profit for Q1 2018 was CNY 56.74 million, a decrease of 82.06% from CNY 317.73 million in Q1 2017[30] - The company recorded a total comprehensive income of CNY 53.07 million for the quarter, down from CNY 298.51 million in the previous year[30] Assets and Liabilities - Total assets increased by 21.78% to CNY 86.93 billion compared to the end of the previous year[6] - The company's total assets reached CNY 86.93 billion, an increase from CNY 71.38 billion at the beginning of the year, reflecting a growth of approximately 21.8%[21] - The total current liabilities rose to CNY 55.59 billion, up from CNY 41.72 billion, indicating an increase of approximately 33.2%[23] - The company's total liabilities reached CNY 59.63 billion, compared to CNY 45.38 billion at the beginning of the year, marking a growth of around 31.4%[23] - Current assets totaled ¥44.31 billion, up from ¥33.36 billion, indicating a 32.9% increase[25] - Current liabilities rose to ¥31.04 billion, compared to ¥21.02 billion, reflecting a 47.7% increase[26] Cash Flow - Cash flow from operating activities improved, with a net cash flow of CNY -5.74 billion, an increase from CNY -7.05 billion in the previous year[6] - Total cash inflow from operating activities was CNY 44.01 billion, up from CNY 36.37 billion year-on-year[33] - Cash flow from investing activities showed a net outflow of CNY -5.18 billion, compared to CNY -0.16 billion in the same period last year[33] - Cash flow from financing activities generated a net inflow of CNY 11.94 billion, an increase from CNY 7.40 billion in Q1 2017[33] - Cash and cash equivalents increased to CNY 5.28 billion from CNY 4.16 billion, representing a growth of about 26.9%[21] - Cash and cash equivalents at the end of the period amounted to $974.43 million, slightly up from $958.45 million[35] - The net increase in cash and cash equivalents for the period was $372.76 million, down from $512.35 million[35] Shareholder Information - The total number of shareholders reached 137,758 at the end of the reporting period[11] - The largest shareholder, Xiamen Guomao Holding Group Co., Ltd., holds 32.39% of the shares[11] - The company's equity attributable to shareholders increased to CNY 24.40 billion from CNY 23.02 billion, reflecting a growth of approximately 6%[24] Financial Instruments and Investments - Non-recurring gains and losses totaled CNY 255.28 million for the reporting period[10] - The company issued CNY 2.8 billion of convertible bonds in January 2016, impacting diluted earnings per share[6] - The company has converted CNY 1.34 billion of its convertible bonds into equity, with a total of 151.8 million shares converted, accounting for 9.12% of the total shares before conversion[17] - The company has a remaining convertible bond amount of CNY 1.46 billion, which constitutes 52.23% of the total issued convertible bonds[17] - The net asset value of the asset management products managed by the subsidiary Xiamen Guomao Asset Management Co., Ltd. saw significant declines, with a financial support loss of CNY 543.05 million incurred by the company[18] - The company reported a financial support loss net amount of CNY 543.05 million for the asset management products due to insufficient funds from ordinary investors[18] Operational Costs - The company's operating costs for Q1 2018 were CNY 33.11 billion, reflecting a 31.74% increase from CNY 25.13 billion in Q1 2017[15] - The financial expenses increased by 46.40% to CNY 225.20 million due to the expansion of the company's financing scale[15] - The company's financial expenses increased to CNY 33.39 million from CNY 19.96 million in the previous year, reflecting higher borrowing costs[29] Other Financial Metrics - The weighted average return on equity decreased by 0.78 percentage points to 3.02%[6] - The derivative financial assets increased by 84.67% to CNY 1.23 billion, mainly due to the fair value fluctuations of futures contracts[13] - The company's short-term borrowings increased by 62.32% to CNY 12.59 billion, driven by the expansion of supply chain management business[14] - The company's accounts receivable for pledged guarantees surged by 1482.65% to CNY 930.94 million, due to increased margin deposits from clients[14] - The company's other current assets increased by 62.22% to CNY 8.89 billion, primarily from investments in financial products[14] - The company's accounts payable for pledged guarantees also increased by 1482.65% to CNY 930.94 million, reflecting the same reasons as accounts receivable[14]