浙商证券(601878) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,993,854,049.22, a decrease of 22.89% compared to CNY 3,882,423,873.09 in the same period last year[5] - Net profit attributable to shareholders was CNY 555,582,922.16, representing a 24.17% increase from CNY 447,423,004.80 year-on-year[5] - Total revenue for Q1 2025 was CNY 2,993,854,049.22, a decrease of 22.8% compared to CNY 3,882,423,873.09 in Q1 2024[18] - Operating profit for Q1 2025 was CNY 701,508,369.22, an increase of 25.3% from CNY 559,165,834.65 in Q1 2024[19] - Net profit for Q1 2025 reached CNY 566,890,013.38, up 24.0% from CNY 457,824,391.76 in Q1 2024[19] Cash Flow - The net cash flow from operating activities was negative at CNY -1,331,817,103.28, a decline of 140.45% compared to CNY 3,292,570,342.26 in the previous year[5] - In Q1 2025, the total cash inflow from operating activities was CNY 19.60 billion, a significant increase from CNY 11.97 billion in Q1 2024, representing a growth of approximately 63.5%[21] - The net cash outflow from operating activities in Q1 2025 was CNY -1.33 billion, compared to a net inflow of CNY 3.29 billion in Q1 2024, indicating a decline of 140.5%[22] - Cash inflow from financing activities in Q1 2025 was CNY 5.35 billion, up from CNY 2.57 billion in Q1 2024, marking an increase of approximately 108.5%[23] - The net cash flow from financing activities in Q1 2025 was CNY 539.96 million, a turnaround from a net outflow of CNY -463.82 million in Q1 2024[23] Assets and Liabilities - The total assets at the end of Q1 2025 were CNY 171,416,601,617.52, an increase of 11.25% from CNY 154,085,739,578.88 at the end of the previous year[6] - Total liabilities rose to CNY 134,428,131,878.58, compared to CNY 117,561,353,377.24, marking an increase of 14.4%[16] - Shareholders' equity totaled CNY 36,988,469,738.94, up from CNY 36,524,386,201.64, indicating a growth of 1.3%[16] Income Sources - Interest income for Q1 2025 was CNY 247,179,757.93, a 63.12% increase from CNY 151,536,309.91 in the same period last year[10] - Investment income surged to CNY 460,032,879.77, compared to a loss of CNY -159,496,163.93 in the previous year[10] - Net interest income increased to CNY 247,179,757.93 from CNY 151,536,309.91, representing a growth of 63.1%[18] - Net commission and fee income rose to CNY 904,207,877.55, up 12.5% from CNY 803,726,896.23 in the previous year[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 179,590[12] - Zhejiang Shangsan Expressway Co., Ltd. holds 2,124,825,159 shares, representing 46.46% of total shares[12] - The company has no known related party transactions among the top shareholders[13] - The top 10 shareholders do not participate in the securities lending business[14] Other Financial Metrics - The weighted average return on equity decreased to 1.57%, down by 0.07 percentage points from 1.64%[6] - Basic earnings per share remained stable at CNY 0.12, while diluted earnings per share increased to CNY 0.12 from CNY 0.11[20] - The total monetary funds as of March 31, 2025, amount to ¥52,696,836,854.42, an increase from ¥41,864,300,738.09 on December 31, 2024[14] - Customer funds deposits are ¥45,627,036,125.22, up from ¥34,105,636,050.13 in the previous period[14] - The total amount of loans to customers is ¥24,840,653,915.44, compared to ¥24,224,341,732.66 previously[14] - The derivative financial assets decreased to ¥392,802,049.85 from ¥570,460,834.61[14] - The total buy-back financial assets are valued at ¥5,952,396,496.48, an increase from ¥5,491,055,870.52[14] Operational Status - The company has not reported any significant changes in the operational situation during the reporting period[14]