Financial Performance - Total operating revenue for Q1 2025 reached CNY 7,240,223,552.43, an increase of 46.29% compared to CNY 4,949,345,961.54 in the same period last year[10] - Net profit attributable to shareholders for Q1 2025 was CNY 2,757,201,312.78, reflecting a growth of 79.23% from CNY 1,538,328,759.88 year-on-year[10] - Basic earnings per share for Q1 2025 increased to CNY 0.33, up 94.12% from CNY 0.17 in the previous year[10] - Net profit for the current period was ¥2,970,388,406.34, compared to ¥1,713,072,977.76 in the previous period, indicating a year-over-year increase of about 73.5%[33] - Basic and diluted earnings per share both stood at ¥0.33, up from ¥0.17 in the previous period, reflecting a growth of 94.1%[34] Assets and Liabilities - Total assets as of March 31, 2025, amounted to CNY 814,616,464,709.01, representing a 7.36% increase from CNY 758,745,107,933.09 at the end of the previous year[10] - Total liabilities increased to ¥658,911,082,919.04 as of March 31, 2025, compared to ¥605,659,726,624.79 at the end of December 2024, marking an increase of approximately 8.7%[30] - The total assets and liabilities combined reached ¥814,616,464,709.01 as of March 31, 2025, compared to ¥758,745,107,933.09 at the end of December 2024, reflecting an increase of about 7.4%[30] Investment and Income - The company reported a significant increase in investment income, which rose by 208.32% to CNY 2,315,409,197.16 compared to CNY 750,966,943.33 in Q1 2024[15] - Net interest income for the current period was ¥531,508,277.07, compared to ¥438,457,684.88 in the previous period, reflecting an increase of approximately 21.2%[32] - Investment income for the current period was ¥2,315,409,197.16, significantly higher than ¥750,966,943.33 in the previous period, indicating a growth of around 208%[32] Cash Flow - The net cash flow from operating activities for Q1 2025 was negative at CNY -13,688,509,753.43, worsening from CNY -11,861,776,432.59 in the same period last year[10] - Operating cash flow net amount decreased to -13.69 billion from -11.86 billion in the previous period[36] - Cash inflow from operating activities totaled 56.10 billion, down from 84.62 billion in the previous period[36] - Cash outflow from operating activities totaled 69.79 billion, down from 96.48 billion in the previous period[36] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 184,679, including 183,350 A-share shareholders[20] - The top ten shareholders held a combined 68.56% of the shares, with the largest shareholder, Hong Kong Central Clearing Limited, owning 22.36%[20] Equity and Capital - The company’s total equity attributable to shareholders increased by 1.63% to CNY 150,009,398,401.02 from CNY 147,601,915,206.29 at the end of the previous year[10] - Total equity rose to ¥155,705,381,789.97 as of March 31, 2025, from ¥153,085,381,308.30 at the end of December 2024, showing a growth of about 1.7%[30] Other Financial Metrics - Risk coverage ratio decreased to 258.89%, down by 17.33 percentage points from the previous year[17] - Liquidity coverage ratio decreased to 168.97%, a reduction of 14.20 percentage points year-over-year[17] - The proportion of self-operated non-equity securities and their derivatives to net capital increased significantly by 62.22 percentage points to 358.73%[17] - The company remains compliant with the relevant regulations of the Securities Company Risk Control Indicator Management Measures[18] Operational Changes - The company completed the issuance of offshore bonds amounting to USD 380 million and CNY 800 million, both with a maturity of 3 years[26] - The company repurchased 15,242,153 A-shares for a total of CNY 234 million, which were subsequently canceled, reducing the total share capital from 7,621,087,664 shares to 7,605,845,511 shares[24] - The company has 26 subsidiaries and 330 securities business departments across 31 provinces and municipalities in China as of March 2025[23] - The company plans to provide a guarantee for a loan of up to USD 140 million for its subsidiary in the UK to support its internationalization strategy[26]
广发证券(01776) - 2025 Q1 - 季度业绩