SINOLINK SECURITIES(SH:600109)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,701,695,187.86, an increase of 5.78% compared to CNY 1,572,206,424.90 in the same period last year[5] - Net profit attributable to shareholders for Q3 2023 reached CNY 361,598,054.63, reflecting a year-on-year growth of 29.27% from CNY 279,708,352.68[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 356,902,274.29, up 42.05% from CNY 251,254,412.31 in the previous year[5] - Basic earnings per share for Q3 2023 were CNY 0.097, representing a 31.08% increase from CNY 0.074 in the same quarter last year[5] - The net profit attributable to shareholders for the year-to-date period increased by 50.27% compared to the same period last year[10] - Total operating revenue for the first three quarters of 2023 reached ¥5,028,494,866.20, an increase of 20.3% compared to ¥4,179,784,310.19 in the same period of 2022[26] - Net profit attributable to shareholders of the parent company for Q3 2023 was ¥1,236,069,437.42, up 50.5% from ¥822,589,161.98 in Q3 2022[28] - The total profit for Q3 2023 was ¥1,549,635,532.40, an increase of 42.3% from ¥1,088,938,568.21 in Q3 2022[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 102,180,479,055.02, showing a 3.34% increase from the previous year[5] - As of September 30, 2023, the company's total assets amounted to RMB 105,593,353,685.17, an increase from RMB 102,180,479,055.02 at the end of 2022[23] - Total liabilities increased to ¥73,180,309,021.95 in Q3 2023, up from ¥70,848,106,566.40 in Q3 2022, representing a growth of 3.7%[25] - The company's total equity reached ¥32,413,044,663.22 in Q3 2023, compared to ¥31,332,372,488.62 in Q3 2022, indicating an increase of 3.4%[25] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -6,866,016,135.43, a significant decrease of 258.52% compared to the previous year[5] - The company reported a net cash flow from operating activities of ¥1,271,701,193.99 for Q3 2023, compared to ¥828,865,246.38 in Q3 2022, reflecting a growth of 53.5%[28] - The net cash flow from operating activities for the first three quarters of 2023 was -6,866,016,135.43, a significant decline compared to 4,331,264,675.29 in the same period of 2022[30] - Total cash inflow from operating activities decreased to 7,645,344,370.46 from 13,920,882,587.68 year-over-year[30] - Cash outflow from operating activities increased to 14,511,360,505.89, compared to 9,589,617,912.39 in the previous year[30] - The net cash flow from investment activities was 776,823,346.69, a recovery from -3,884,249,202.70 in the same period of 2022[31] - Cash inflow from financing activities reached 25,445,188,273.67, up from 17,907,530,383.47 year-over-year[31] - The net cash flow from financing activities was 5,373,115,403.97, compared to 1,231,807,830.12 in the previous year[31] - The cash and cash equivalents at the end of the period stood at 26,325,386,576.47, an increase from 24,558,738,825.20 in the same period last year[31] Shareholder Information - The total number of common shareholders at the end of the reporting period is 150,128[11] - The largest shareholder, Changsha Yongjin (Group) Co., Ltd., holds 547,075,232 shares, accounting for 14.69% of total shares[12] - The top ten shareholders do not participate in margin financing or securities lending activities[13] - The company has a significant relationship between major shareholders, including Changsha Yongjin (Group) Co., Ltd. and Yongjin Investment Holdings Co., Ltd.[13] - The company has not disclosed any other significant relationships among the remaining shareholders[13] Financing Activities - The company issued bonds in July 2023 with a total scale of RMB 1 billion, a term of 3 years, and a coupon rate of 2.98%[14] - In August 2023, the company completed the payment of interest totaling RMB 29,200,000 for the "21 Guojin C1" bond[14] - The company issued short-term financing bonds in July 2023 with a total scale of RMB 5 billion, a term of 190 days, and a coupon rate of 2.40%[15] - In August 2023, the company issued additional short-term financing bonds totaling RMB 10 billion with a term of 330 days and a coupon rate of 2.32%[15] - The company completed the issuance of short-term financing bonds totaling RMB 15 billion in September 2023, with a term of 364 days and a coupon rate of 2.6%[15] - In July 2023, the company redeemed the principal and interest of the 7th phase of the 2022 short-term financing bond totaling RMB 1,024,500,000[16] - In September 2023, the company redeemed the principal and interest of the 9th phase of the 2022 short-term financing bond totaling RMB 1,020,700,000[17] Share Repurchase - The company has repurchased a total of 9,154,302 shares, representing 0.2458% of the total share capital, with a total payment of RMB 84,997,520.60[20] - The maximum repurchase price for shares is set at RMB 12 per share, with a total repurchase fund not less than RMB 150 million and not exceeding RMB 300 million[19] - The company plans to use repurchased shares for employee stock ownership plans and/or equity incentives[19] Management Changes - The company appointed a new Chief Risk Officer, Liu Bangxing, following the resignation of the previous officer due to work adjustments[21] Other Financial Metrics - The company's short-term financing loans increased to RMB 14,096,170,256.37 as of September 30, 2023, compared to RMB 10,491,098,986.57 at the end of 2022[23] - The company held trading financial assets worth RMB 32,799,633,709.83 as of September 30, 2023, up from RMB 31,355,011,248.97 at the end of 2022[23] - The company's cash and cash equivalents were RMB 21,882,544,941.08 as of September 30, 2023, down from RMB 23,390,819,648.41 at the end of 2022[23] - The company reported a significant increase in interest income, with cash received from interest, fees, and commissions amounting to 5,215,232,421.04 in 2023, down from 5,529,125,233.56 in 2022[30] - The company recorded a net increase in borrowed funds of 257,414,500.00 in 2023, compared to 174,249,416.72 in the previous year[31] - The company’s total cash outflow for taxes decreased to 867,089,244.11 from 904,647,408.89 year-over-year[30]