2016-10-27 16:00Financial Performance - Operating revenue for the current period was ¥4.07 billion, down 11.67% year-on-year, and down 53.09% year-to-date[5] - Net profit attributable to shareholders increased by 67.99% to ¥1.74 billion for the current period, but decreased by 50.80% year-to-date[5] - Basic earnings per share rose by 80.00% to ¥0.09 for the current period, while year-to-date it decreased by 51.28%[5] - The weighted average return on equity was 3.51%, a decrease of 11.11 percentage points compared to the previous year[5] - The company's total revenue for the first nine months of 2016 was RMB 10.16 billion, a decrease of 53% compared to RMB 21.66 billion in the same period of 2015[38] - Net profit attributable to shareholders for the first nine months of 2016 was RMB 3.85 billion, down 51% from RMB 7.82 billion in the same period of 2015[38] - The company's operating profit for the first nine months of 2016 was RMB 4.41 billion, down 62% from RMB 11.75 billion in the same period of 2015[38] - The company's basic earnings per share for the first nine months of 2016 were RMB 0.19, down from RMB 0.39 in the same period of 2015[38] - The consolidated operating revenue for Q3 2016 was approximately RMB 4.07 billion, a decrease of 11.6% compared to RMB 4.61 billion in Q3 2015[41] - Net commission and fee income was RMB 2.42 billion, down 44.2% from RMB 4.33 billion in the same period last year[41] - Net interest income turned positive at RMB 848 million, compared to a loss of RMB 331 million in Q3 2015[41] - Investment income decreased to RMB 615 million, down 56.4% from RMB 1.41 billion in Q3 2015[41] - The total comprehensive income for Q3 2016 was RMB 1.92 billion, compared to a loss of RMB 496 million in Q3 2015[41] Asset and Liability Management - Total assets decreased by 24.65% to ¥251.34 billion compared to the end of the previous year[5] - The company's cash and cash equivalents were RMB 84.99 billion, down from RMB 140.74 billion at the end of 2015, indicating a decline of approximately 39.6%[33] - The company's financial assets measured at fair value through profit or loss decreased to RMB 39.02 billion from RMB 57.45 billion, representing a decline of about 32.1%[33] - The total liabilities as of September 30, 2016, were RMB 199.04 billion, a decrease of 29% from RMB 281.70 billion at the end of 2015[35] - The total equity attributable to shareholders as of September 30, 2016, was RMB 50.61 billion, slightly up from RMB 50.23 billion at the end of 2015[35] - The company's total assets as of September 30, 2016, were RMB 251.34 billion, down from RMB 333.57 billion at the end of 2015[35] - The company maintained a significant amount of customer deposits totaling RMB 66.96 billion, down from RMB 112.89 billion, reflecting a decrease of approximately 40.7%[33] - The company's total liabilities and equity structure suggests a need for strategic adjustments to improve financial stability moving forward[33] Investment and Financial Instruments - The total investment in securities at the end of the period amounted to ¥71,498,747,765.00, with a report period loss of ¥1,086,034,940.80[25] - The initial investment in the "ZJGSTZ收益互换" was ¥8,554,160,000.00, with a final book value of ¥7,743,225,132.94[25] - The "国联证券 汇盈 7 号" asset management product maintained a full holding of ¥1,870,000,000.00 throughout the period[25] - The "广发货币" fund reported a final holding of ¥1,101,380,800.17, reflecting a gain of ¥15,773,987.24 during the reporting period[25] - The "华宝兴业 现金添益" fund had a final holding of ¥1,000,071,753.65, with a report period gain of ¥71,753.65[25] - The "中信证券" stock reported a final book value of ¥721,272,103.24, with a report period loss of ¥109,265,730.81[25] - The "海通证券" stock had a final book value of ¥691,607,700.00, with a report period gain of ¥14,989,350.97[25] - The total amount of derivative investments at the end of the period was ¥94,88% of the net assets, with a report period loss of ¥1,509.33[27] - The initial investment in interest rate derivatives was ¥136,592.24, with a report period purchase amount of ¥5,417,907.76[27] - The total amount of other securities investments at the end of the period was ¥25,272,713,292.79[25] - The company reported a net loss from derivative financial instruments, with a net fair value loss of RMB 14.15 million on interest rate swaps[33] Shareholder and Capital Management - The number of shareholders reached 329,930, with the top ten shareholders holding a combined 70.93% of shares[11] - The company plans to issue up to 1,507,074,800 new shares through a private placement to strengthen capital and support business development[18] - The company has received approval to publicly issue bonds with a face value of up to ¥12.5 billion, with the first phase of ¥5 billion already completed[19] - The first phase of bond issuance was completed on April 27, 2016, and the second phase of ¥75 billion is set to be issued in two varieties[19] - A total of 12,986,225 shares, representing 0.0647% of the company's total shares, were released from restrictions on September 22, 2016[22] Market and Operational Outlook - The company is unable to accurately predict performance for the next reporting period due to significant market influences on its securities business[24] - The company has committed to avoiding competition and maintaining operational separation as per agreements made in 2014[20]