兴业证券(601377) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,792,346,276.44, representing a 17.48% increase compared to CNY 2,376,916,655.23 in the same period last year[4] - Net profit attributable to shareholders was CNY 516,322,013.21, a significant increase of 57.32% from CNY 328,204,971.32 year-on-year[4] - The net profit excluding non-recurring gains and losses reached CNY 503,796,888.14, marking a 69.75% increase compared to CNY 296,780,659.28 in the previous year[4] - Basic earnings per share rose to CNY 0.0568, reflecting a 62.29% increase from CNY 0.0350 in the same quarter last year[4] - Net profit for Q1 2025 was ¥697,270,689.84, a substantial increase from ¥487,852,700.23 in Q1 2024, representing a growth of 43%[16] - Net interest income rose to ¥324,958,527.49, up from ¥278,378,984.78, reflecting a growth of 16.7% year-over-year[15] - Investment income significantly improved to ¥1,336,293,573.60 in Q1 2025, compared to a loss of ¥1,601,865,096.31 in Q1 2024[15] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 6,514,243,197.10, compared to -CNY 1,656,537,121.61 in the same period last year, indicating a significant increase in cash outflows[4] - The net cash flow from operating activities for Q1 2025 was negative at -¥6,514,243,197.10, worsening from -¥1,656,537,121.61 in Q1 2024[17] - Cash and cash equivalents at the end of Q1 2025 totaled ¥76,524,722,703.37, down from ¥86,862,900,608.45 at the beginning of the quarter[18] Assets and Liabilities - Total assets decreased by 3.73% to CNY 289,795,724,221.94 from CNY 301,015,790,526.93 at the end of the previous year[4] - Total assets as of March 31, 2025, amounted to ¥289.80 billion, a decrease from ¥301.02 billion as of December 31, 2024, representing a decline of approximately 3.7%[12] - Total liabilities decreased from ¥238.10 billion to ¥227.01 billion, a reduction of about 4.7%[13] - The company's cash and cash equivalents were ¥67.09 billion, down from ¥77.40 billion, indicating a decrease of approximately 13.0%[12] - The total equity attributable to shareholders was ¥57.79 billion, slightly down from ¥57.82 billion, reflecting a decrease of about 0.1%[13] Shareholder Information - The number of common shareholders at the end of the reporting period was 222,635, indicating a stable shareholder base[11] - The largest shareholder, Fujian Provincial Finance Department, holds 20.49% of the shares, totaling approximately 1.77 billion shares[11] - The company has no significant changes in the participation of major shareholders in margin trading or securities lending activities[12] Operating Expenses - Total operating expenses increased to ¥2,071,115,202.34, up from ¥1,917,709,772.71, marking an 8% rise[16] Comprehensive Income - The total comprehensive income for Q1 2025 was ¥160,513,881.29, a decline from ¥617,983,438.80 in Q1 2024[16] - The company experienced a significant decrease in fair value changes, reporting a loss of ¥723,999,863.33 in Q1 2025, compared to a gain of ¥1,937,960,204.19 in Q1 2024[16]