SINOLINK SECURITIES(SH:600109)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,837,825,741.26, representing a year-over-year increase of 0.33%[5] - The net profit attributable to shareholders for Q3 2021 was ¥522,928,525.80, showing a decrease of 7.24% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥518,971,488.50, down 7.52% year-over-year[6] - The basic and diluted earnings per share for Q3 2021 were both ¥0.173, reflecting a decline of 6.99% compared to the previous year[6] - The weighted average return on equity for Q3 2021 was 2.24%, a decrease of 0.35 percentage points from the same period last year[6] - Total operating income for the first three quarters of 2021 was CNY 4,919,014,123.79, an increase from CNY 4,728,001,839.98 in the same period of 2020, representing a growth of approximately 4.05%[29] - Net profit for the first three quarters of 2021 was CNY 1,547,081,461.77, compared to CNY 1,568,886,887.57 in the same period of 2020, reflecting a slight decrease of approximately 1.36%[31] - The net profit attributable to shareholders of the parent company was CNY 1,538,225,314.16, down from CNY 1,565,220,380.41, a decrease of approximately 1.73%[31] - The basic earnings per share for the first three quarters of 2021 was CNY 0.509, slightly down from CNY 0.518 in the same period of 2020[31] - The total operating expenses for the first three quarters of 2021 were CNY 2,893,965,041.12, compared to CNY 2,704,905,899.73 in 2020, an increase of about 6.98%[29] - The company reported a profit before tax of CNY 2,050,053,584.63, which is a slight decrease from CNY 2,052,499,591.94 in the previous year[29] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥82,679,972,210.75, an increase of 22.25% compared to the end of the previous year[6] - As of September 30, 2021, the company's total assets reached RMB 82.68 billion, an increase from RMB 67.63 billion as of December 31, 2020, reflecting a growth of approximately 22.2%[26] - The total liabilities increased to CNY 58,942,873,089.67 from CNY 45,090,158,556.94, indicating a growth of around 30.51%[27] - The company's total liabilities decreased from ¥12,050,988,974.01 in 2020 to ¥17,646,967,232.05 in 2021, indicating a reduction in financial leverage[34] Shareholder Equity - Shareholders' equity attributable to the parent company was ¥23,655,015,307.21, up 5.30% year-over-year[6] - The total equity attributable to shareholders of the parent company rose to CNY 23,655,015,307.21, compared to CNY 22,465,393,909.07, an increase of about 5.30%[27] Cash Flow - The company reported a cash flow from operating activities of ¥1,204,978,793.35 for the year-to-date period[6] - The net cash flow from operating activities for the first three quarters of 2021 was ¥1,204,978,793.35, a significant improvement compared to a net outflow of ¥3,668,892,803.49 in the same period of 2020[33] - Total cash inflow from operating activities increased to ¥11,434,386,621.70 in 2021, up from ¥10,246,075,351.17 in 2020, representing a growth of approximately 11.6%[33] - Cash outflow from operating activities decreased to ¥10,229,407,828.35 in 2021, down from ¥13,914,968,154.66 in 2020, indicating a reduction of about 26.5%[33] - Cash inflow from investment activities rose to ¥2,026,398,964.45 in 2021, compared to ¥817,664,632.52 in 2020, marking an increase of approximately 147.5%[34] - The net cash flow from investment activities was negative at -¥46,604,738.98 in 2021, worsening from -¥28,488,694.55 in 2020[34] - Cash inflow from financing activities totaled ¥23,303,677,412.32 in 2021, an increase from ¥18,099,974,950.00 in 2020, reflecting a growth of about 28.5%[34] - The net cash flow from financing activities was ¥5,656,710,180.27 in 2021, slightly down from ¥6,048,985,975.99 in 2020[34] - The ending balance of cash and cash equivalents increased to ¥25,933,829,074.73 in 2021, compared to ¥18,566,408,426.03 in 2020, representing a growth of approximately 39.8%[34] Bond Issuance and Financing - The company completed the issuance of the third phase of short-term corporate bonds in July 2021, with a scale of RMB 1.5 billion and a coupon rate of 2.90%[15] - In August 2021, the company issued the fourth phase of short-term corporate bonds, amounting to RMB 1 billion with a coupon rate of 2.53%[15] - The fifth phase of short-term corporate bonds was completed in September 2021, with a scale of RMB 1 billion and a coupon rate of 2.84%[16] - The company issued the sixth phase of short-term financing bonds in July 2021, with a scale of RMB 1 billion and a coupon rate of 2.40%[17] - In September 2021, the company completed the issuance of the seventh phase of short-term financing bonds, amounting to RMB 1.2 billion with a coupon rate of 2.50%[17] - The company also issued the eighth phase of short-term financing bonds in September 2021, with a scale of RMB 800 million and a coupon rate of 2.65%[17] - The company paid off the principal and interest of the first phase of short-term corporate bonds issued in 2020 on September 16, 2021[16] - The company paid the principal and interest of the first phase of short-term corporate bonds issued in 2021 on October 15, 2021[16] - The total amount of principal and interest paid for the second phase of short-term financing bonds in July 2021 was RMB 1,208,077,808.22[17] - The company issued subordinated bonds with a total scale of RMB 800 million at a coupon rate of 3.65% on August 26, 2021[18] Strategic Initiatives - The company plans to raise up to RMB 6 billion through a non-public offering of A-shares, with a maximum issuance of 700 million shares[22] - The company received approval from the China Securities Regulatory Commission to pilot fund investment advisory services, indicating a strategic expansion into new business areas[20] Financial Investments - The company’s financial investments in trading financial assets reached RMB 22.16 billion, an increase from RMB 18.87 billion at the end of 2020[26] Other Financial Metrics - The company experienced a net loss from the disposal of non-current assets of ¥266,640.89 for the year-to-date period[7] - Government subsidies recognized in the current period amounted to ¥5,620,447.12[7] - The company reported a total of 170,856 common shareholders at the end of the reporting period[12] - The company’s receivables increased to RMB 100.53 million as of September 30, 2021, compared to RMB 90.94 million at the end of 2020[26] - The company’s goodwill remained stable at RMB 43.64 million, slightly down from RMB 43.97 million at the end of 2020[26] - The total borrowings increased to RMB 21.11 billion as of July 31, 2021, with a cumulative new borrowing of RMB 5.01 billion for the year, which is 22.23% of the net assets as of the previous year-end[19] - The company reported a significant increase in interest and commission income, reaching ¥4,922,017,671.52 in 2021, compared to ¥4,658,864,581.91 in 2020, which is an increase of about 5.6%[33]