山西证券(002500) - 2025 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2025 reached ¥752,355,932, an increase of 19.15% compared to ¥631,429,731 in the same period last year[4] - Net profit attributable to shareholders was ¥249,558,114, representing a significant increase of 57.39% from ¥158,560,105 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥249,044,275, up 61.73% from ¥153,983,020 in the previous year[4] - Basic and diluted earnings per share increased by 75.00% to ¥0.07 from ¥0.04 in the same period last year[6] - The total comprehensive income for the period was ¥222,372,001, compared to ¥158,080,869, an increase of 40.6%[27] Asset and Liability Changes - Total assets decreased by 8.74% to ¥73,614,888,920 from ¥80,661,344,114 at the end of the previous year[6] - Total liabilities decreased to ¥55,099,047,681 from ¥62,367,874,876, a reduction of 11.0%[21] - The company's cash and cash equivalents decreased to ¥22,921,637,186 from ¥25,401,187,834 compared to the previous period[20] - Financial investments decreased to ¥31,830,182,208 from ¥36,307,012,985 compared to the previous period[20] - The company’s deferred tax assets increased to ¥171,292,782 from ¥135,143,611, a rise of 26.7%[21] Cash Flow Analysis - Net cash flow from operating activities was negative at -¥1,902,421,372, a decline of 249.48% compared to ¥1,272,722,110 in the same period last year[6] - Cash flow from financing activities resulted in a net outflow of -801,853,866, compared to -823,487,329 in the previous period[31] - The net increase in cash and cash equivalents was -2,423,842,643, compared to an increase of 424,771,588 in the previous period[31] - Total cash inflow from investment activities was 288,368,673, compared to 130,456 in the previous period[31] - Cash outflow for investment activities was 7,272,959, down from 25,026,091 in the previous period[31] Investment and Income Sources - Investment income surged by 144.70% to ¥466,175,750 from ¥190,509,333 year-on-year, driven by increased gains from financial instruments[10] - The net income from brokerage business fees increased by 44.32% to ¥190,865,870, attributed to heightened market activity[10] - The net income from investment banking fees increased to ¥77,188,253, up from ¥48,809,282, marking a growth of 58.1%[25] - The net interest income turned positive at ¥15,071,710, compared to a negative ¥44,420,582 in the previous period[25] Shareholder Information - Total number of common shareholders at the end of the reporting period reached 119,071[14] - The largest shareholder, Shanxi Financial Investment Holding Group Co., Ltd., holds 31.77% of shares, totaling 1,140,374,242 shares[14] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending[15] Operational Changes - The company completed the issuance of subordinated bonds on March 21, 2025, as part of its financing strategy[16] - The company has restructured its branch network, including the renaming of 5 branches and relocating 2 branches[18][19] Miscellaneous - The company did not undergo an audit for the first quarter report[32] - The financial report for the first quarter is not applicable for the new accounting standards effective from 2025[32]