SINOLINK SECURITIES(SH:600109)2020-04-28 16:00Financial Performance - Operating income rose by 29.10% to CNY 1.39 billion year-on-year[4] - Net profit attributable to shareholders increased by 18.81% to CNY 476.14 million[4] - Basic earnings per share increased by 18.05% to CNY 0.157[4] - Total operating revenue for Q1 2020 was CNY 1,391,725,775.44, an increase of 29.1% compared to CNY 1,078,029,074.95 in Q1 2019[22] - Net profit for Q1 2020 was CNY 476,036,822.79, up from CNY 401,590,263.90, representing a growth of 18.5%[23] - Net commission and fee income increased to CNY 868,668,479.68, a rise of 72.0% from CNY 504,856,721.35 in the previous year[22] - Investment income rose to CNY 281,772,339.21, compared to CNY 218,251,911.35, marking a growth of 29.1%[22] - The company reported a comprehensive income total of CNY 414,285,200.55 for Q1 2020, down from CNY 540,779,162.72 in Q1 2019[23] Assets and Liabilities - Total assets increased by 24.36% to CNY 62.37 billion compared to the end of the previous year[4] - The total liabilities of Guojin Securities were RMB 41.17 billion as of March 31, 2020, compared to RMB 29.36 billion at the end of 2019, marking an increase of around 40.2%[19] - The company's equity attributable to shareholders reached RMB 21.14 billion, up from RMB 20.72 billion, which is an increase of about 2.0%[19] - The trading financial assets rose by 38.85% to RMB 18,707,436,664.35 from the previous year-end[10] - Total assets increased to CNY 58,656,946,859.51, compared to CNY 46,917,954,185.22, reflecting a growth of 25.1%[21] - Total liabilities rose to CNY 37,891,357,497.78, an increase of 42.9% from CNY 26,511,782,598.56[21] Cash Flow - Net cash flow from operating activities decreased by 64.73% to CNY 1.48 billion compared to the same period last year[4] - Cash flow from operating activities was CNY 1,476,044,137.91, down 64.7% from CNY 4,185,013,423.40 in Q1 2019[28] - Total cash inflow from operating activities was CNY 7,973,593,763.28, down from CNY 12,390,362,399.97 in the previous year, reflecting a decline of 35.5%[30] - Cash outflow from operating activities totaled CNY 6,638,620,193.21, compared to CNY 8,711,873,107.37 in Q1 2019, a decrease of 23.8%[30] - The company reported a significant decrease in cash received from interest, fees, and commissions, totaling CNY 1,338,373,228.40, compared to CNY 851,985,343.77 in Q1 2019[30] Shareholder Information - The number of shareholders reached 142,905 at the end of the reporting period[8] - The largest shareholder, Changsha Yongjin Group, holds 18.09% of the shares[8] Financing Activities - The company issued short-term financing bonds totaling RMB 10 billion with a coupon rate of 2.10% on March 23, 2020[12] - The company was approved to issue corporate bonds up to RMB 80 billion, with the first phase completed within 12 months of approval[13] - The company experienced a net increase in cash from the issuance of bonds, amounting to CNY 4,507,480,000.00, compared to CNY 2,347,400,000.00 in the same quarter last year[31] Other Key Points - The company has not disclosed any new product or technology developments in this report[4] - The company has not reported any overdue commitments during the reporting period, indicating compliance with its obligations[15] - Guojin Securities continues to focus on expanding its market presence and enhancing its financial services offerings[15] - The company reported a fair value loss of CNY 22,116,280.95 compared to a gain of CNY 155,911,840.17 in Q1 2019[25]