2025-04-28 11:00Financial Performance - Operating revenue for Q1 2025 reached RMB 5,720,965,040, an increase of 47.69% compared to RMB 3,873,747,046 in the same period last year[4] - Net profit attributable to shareholders of the parent company was RMB 2,041,982,798, reflecting a growth of 64.85% from RMB 1,238,666,240 year-on-year[4] - Basic earnings per share increased by 71.55% to RMB 0.382 from RMB 0.223 in the previous year[4] - The company reported a significant increase in operating income, attributed to higher net gains from financial instrument investments and increased commission income[10] - Net profit for Q1 2025 was CNY 2,044,387,261, up 64.9% compared to CNY 1,239,089,337 in Q1 2024[23] - Basic earnings per share increased to CNY 0.38 in Q1 2025 from CNY 0.22 in Q1 2024, representing a 72.7% growth[25] - The company reported a total comprehensive income of CNY 1,807,801,012 for Q1 2025, compared to CNY 1,332,545,719 in Q1 2024, marking a 35.5% increase[25] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 31.38% to RMB 8,793,070,123, down from RMB 12,814,865,518 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was CNY 8,793,070,123, compared to CNY 12,814,865,518 in Q1 2024, reflecting a decrease of 31.5%[26] - The net decrease in cash and cash equivalents for Q1 2025 was CNY 3,149,593,991, compared to an increase of CNY 15,903,620,463 in Q1 2024[28] - Cash flow from operating activities generated CNY 4,914,979,976, down from CNY 8,628,609,356 in Q1 2024[33] - The net cash flow used in financing activities was -$5.20 billion, compared to -$2.23 billion in the previous period, indicating a significant increase in cash outflow[35] - The ending balance of cash and cash equivalents was $45.40 billion, down from $52.05 billion at the end of the previous period[35] Assets and Liabilities - The company's net capital as of March 31, 2025, was RMB 47,524,923,073, a decrease of 3.86% from RMB 49,431,075,052 at the end of 2024[6] - The total assets at the end of the reporting period were RMB 673,200,948,427, a slight decrease of 0.22% from RMB 674,715,821,446 at the end of the previous year[4] - Total assets as of March 31, 2025, amounted to CNY 673.20 billion, a slight decrease from CNY 674.72 billion as of December 31, 2024[20] - Total liabilities decreased to CNY 600.00 billion from CNY 601.00 billion, showing a reduction of approximately 0.17%[20] - Total liabilities decreased slightly to CNY 555,724,781,523 from CNY 559,094,150,638 year-over-year[22] - Total assets decreased to CNY 327,602,300,109 from CNY 336,796,609,098 at the end of 2024[31] - Total liabilities decreased to CNY 240,240,709,816 from CNY 249,315,377,539 at the end of 2024[31] Investment and Expenses - Investment income and fair value changes increased by 84.44% to RMB 3,407,374,777 compared to RMB 1,847,460,452 in the previous year[12] - The company experienced a 688.12% increase in non-operating expenses, primarily due to increased provisions for pending litigation[12] - Total operating expenses surged to CNY 1,626,416,201, up from CNY 601,917,027 in Q1 2024[32] - Net interest income was negative at CNY -429,260,961, compared to CNY -368,363,026 in Q1 2024[32] - Investment income significantly improved to CNY 1,214,999,018, compared to a loss of CNY -485,982,202 in Q1 2024[32] Customer and Shareholder Information - Customer funds deposits increased to CNY 83.25 billion from CNY 76.65 billion, reflecting a growth of approximately 8.5%[20] - The company has not reported any significant changes in major shareholders or their shareholding status[18] - There are no new strategies or product developments mentioned in the current report[19]