2016-04-29 16:00Financial Performance - Operating revenue fell by 57.96% to CNY 2.40 billion, down from CNY 5.71 billion year-on-year[8] - Net profit attributable to shareholders decreased by 62.11% to CNY 1.01 billion, compared to CNY 2.66 billion in the same period last year[8] - Basic earnings per share decreased by 62.11% to CNY 0.1737 from CNY 0.4585 year-on-year[8] - The total profit for the period was ¥1,361,554,312.52, down from ¥3,237,925,516.94, indicating a decrease of approximately 57.9%[36] - Net commission and fee income fell to ¥2,166,771,742.37 from ¥2,759,231,612.97, a decrease of about 21.5%[36] - The company reported a substantial decrease in net interest income to ¥118,467,017.70 from ¥718,095,277.16, a decline of approximately 83.5%[36] - Other comprehensive income after tax showed a significant loss of ¥-1,301,628,332.57 compared to a gain of ¥266,350,871.80 in the previous period[36] Asset and Liability Management - Total assets decreased by 13.38% to CNY 252.63 billion compared to the end of the previous year[8] - Total liabilities decreased from ¥223.39 billion to ¥185.02 billion, representing a reduction of about 17.16%[33] - The company's cash and cash equivalents were ¥77.90 billion, down from ¥81.62 billion, indicating a decrease of about 4.4%[29] - The company's short-term financing payables dropped significantly from ¥27.88 billion to ¥14.47 billion, a reduction of about 48.0%[29] - The company's deferred income tax liabilities decreased from ¥446.35 million to ¥145.34 million, a reduction of about 67.48%[30] - The company's financial liabilities measured at fair value decreased from ¥1.00 billion to ¥1.90 billion, an increase of about 93.57%[33] Cash Flow Analysis - Cash flow from operating activities improved significantly to CNY 10.30 billion, compared to a negative CNY 15.99 billion in the same period last year[8] - The net cash flow from operating activities for Q1 2016 was ¥10,303,682,454.58, a significant improvement compared to the negative cash flow of ¥15,999,395,961.84 in the same period last year[41] - Total cash inflow from operating activities increased to ¥31,710,850,657.26, up from ¥26,303,159,548.72 in Q1 2015, representing a growth of approximately 20.5%[41] - The cash outflow from operating activities decreased to ¥21,407,168,202.68, down from ¥42,302,555,510.56, indicating a reduction of about 49.3% year-over-year[41] - The net cash flow from investing activities was negative at ¥26,071,507.87, an improvement from the previous year's negative cash flow of ¥33,579,535.48[42] - The net cash flow from financing activities was negative at ¥18,040,211,471.21, compared to a positive cash flow of ¥32,704,786,956.09 in Q1 2015[42] Shareholder Information - The total number of shareholders reached 115,397 at the end of the reporting period[12] - The largest shareholder, Shenzhen Zhaorong Investment Holding Co., Ltd., holds 24.71% of the shares[12] Strategic Initiatives - The company is actively promoting its differentiated competitive strategy and innovation in business to adapt to challenges in the internet finance sector[26] - The company has committed to avoiding competition with its own subsidiaries and has taken measures to ensure compliance with this commitment[24] - The company plans to focus on enhancing its investment banking and asset management services to drive future growth[36] - The company is actively working on the issuance of H shares, which is progressing steadily[19] - The company plans to issue up to 117,871,090 H shares, with approval from the State-owned Assets Supervision and Administration Commission[17] - The company is in the process of appointing a new independent director following the resignation of Mr. Xu Hua and Mr. Hong Xiaoyuan[20] Investment Performance - Investment income rose significantly to ¥1,449,241,445.22 compared to a loss of ¥452,388,850.08 in the same period last year[15] - The company reported non-recurring gains of CNY 12.26 million during the period[11] - The company reported a 149.73% decrease in fair value changes in financial instruments, resulting in a loss of ¥1,334,861,691.33[15] - The company’s other comprehensive income showed a significant decline of 364.67%, resulting in a loss of ¥944,696,216.60[15]