2025-04-29 12:48Financial Performance - The company's operating revenue for Q1 2025 was CNY 401,029,592.04, a decrease of 37.73% compared to CNY 643,976,990.46 in the same period last year[5] - Net profit attributable to shareholders was CNY 102,963,370.01, down 21.28% from CNY 130,790,222.34 year-on-year[5] - The net profit for Q1 2025 was CNY 101,429,971.48, a decrease of 18.3% compared to CNY 124,251,624.04 in Q1 2024[21] - Total operating income for Q1 2025 was CNY 288,245,556.64, down from CNY 512,766,469.72 in Q1 2024, indicating a significant decline of 43.8%[21] - The total comprehensive income for Q1 2025 was CNY 94,705,847.10, down 25.1% from CNY 126,432,996.92 in Q1 2024[22] - Basic and diluted earnings per share for Q1 2025 were both CNY 0.0222, a decrease from CNY 0.0282 in Q1 2024[22] Cash Flow and Liquidity - The net cash flow from operating activities increased by 50.37% to CNY 1,130,811,300.22, compared to CNY 752,016,707.44 in the previous year[5] - The net cash flow from operating activities for Q1 2025 was CNY 1,130,811,300.22, an increase of 50.5% compared to CNY 752,016,707.44 in Q1 2024[23] - The total cash and cash equivalents at the end of Q1 2025 were CNY 17,040,856,663.66, compared to CNY 13,730,862,030.87 at the end of Q1 2024, reflecting an increase of 24.4%[24] - The net cash flow from investing activities for Q1 2025 was CNY 44,776,936.21, compared to a net outflow of CNY -16,746,114.43 in Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 50,080,797,792.28, a decrease of 2.97% from CNY 51,614,348,080.07 at the end of the previous year[6] - Total liabilities decreased to CNY 35,703,273,591.88 as of March 31, 2025, down from CNY 37,331,529,726.77 at the end of 2024[18] - Shareholders' equity increased to CNY 14,377,524,200.40 as of March 31, 2025, compared to CNY 14,282,818,353.30 at the end of 2024[18] - The company held CNY 14,279,289,192.90 in cash and cash equivalents as of March 31, 2025, slightly down from CNY 14,400,984,039.97 at the end of 2024[17] - The company reported a decrease in client funds deposits to CNY 12,973,865,899.69 as of March 31, 2025, from CNY 12,005,245,325.90 at the end of 2024[17] - The company’s total liabilities included CNY 6,841,331,299.84 in sell-back financial assets as of March 31, 2025, an increase from CNY 5,289,084,372.35 at the end of 2024[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 125,254[12] - The top shareholder, Hong Kong Central Clearing Limited, holds 25.74% of the shares, totaling 1,195,156,550 shares[12] Other Income and Expenses - The company reported non-recurring gains of CNY 4,333,532.49 during the period[10] - Net interest income increased to CNY 94,990,373.65 in Q1 2025 from CNY 28,467,598.95 in Q1 2024, reflecting a significant growth[20] - Commission and fee income rose to CNY 225,295,645.08 in Q1 2025, up from CNY 152,861,490.42 in Q1 2024, indicating a growth of 47.3%[20] - Investment income for Q1 2025 was CNY 98,949,700.21, down from CNY 427,807,610.26 in Q1 2024, showing a decline of 76.8%[20] - The company reported a loss from fair value changes of CNY -25,517,695.25 in Q1 2025, an improvement from CNY -110,052,426.23 in Q1 2024[21] - The total operating expenses for Q1 2025 were CNY 288,245,556.64, a decrease of 43.8% from CNY 512,766,469.72 in Q1 2024[21] - The company experienced a foreign exchange gain of CNY 408,461.42 in Q1 2025, compared to a gain of CNY 271,780.40 in Q1 2024[21]