SWSC(SH:600369)2019-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 57.77% to CNY 413,123,292.43 year-on-year[5] - Operating income rose by 58.71% to CNY 1,138,975,900.32 compared to the same period last year[5] - Net cash flow from operating activities surged by 220.99% to CNY 5,156,794,377.51 year-on-year[5] - Basic earnings per share increased by 40.00% to CNY 0.07 compared to the previous year[5] - The report period's net profit after deducting non-recurring gains and losses increased by 62.52% to CNY 412,195,403.71[5] - Net profit for Q1 2019 was CNY 428,687,966.57, compared to CNY 261,199,602.15 in Q1 2018, marking a 64.2% increase[15] - Total operating revenue for Q1 2019 was CNY 1,138,975,900.32, a 58.6% increase from CNY 717,663,754.28 in Q1 2018[15] - The company's revenue for Q1 2019 reached ¥8,580,989,000.60, a significant increase from ¥4,638,224,054.61 in Q1 2018, representing a growth of approximately 84.5%[17] Assets and Liabilities - Total assets increased by 10.91% to CNY 70,646,390,077.81 compared to the end of the previous year[5] - The company's cash and cash equivalents increased by 55.92% to ¥16.39 billion compared to ¥10.51 billion at the end of 2018, attributed to an increase in customer funds[9] - Total liabilities reached ¥51.07 billion, up from ¥44.72 billion, indicating an increase of around 14.9%[13] - The company's equity attributable to shareholders increased to ¥19.12 billion from ¥18.60 billion, a growth of about 2.8%[13] - The total liabilities and equity amounted to ¥70.65 billion, up from ¥63.70 billion, reflecting an increase of approximately 10.5%[14] - The company’s total liabilities increased to ¥16,643,032,729.05 as of January 1, 2019, up from ¥16,608,204,000.00 in the previous year[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 164,138[7] - The largest shareholder, Chongqing Yufu Asset Management Group, holds 26.99% of the shares[7] Income and Expenses - The company reported a non-operating income of CNY 927,888.72 for the period[6] - The company reported a 41.24% increase in business and management expenses, totaling ¥524.75 million, mainly due to increased employee compensation[9] - Total operating expenses increased to CNY 544,135,886.83 from CNY 376,445,805.78, reflecting a 44.4% rise[15] Investment and Financial Instruments - Investment income dropped by 98.76% to ¥7.11 million from ¥572.03 million, due to fewer realized gains from derivative financial instruments and available-for-sale financial assets in the previous period[9] - The company issued bonds totaling ¥2.5 billion with a coupon rate of 3.85% in April 2019, as part of a total bond issuance plan not exceeding ¥5 billion approved by the China Securities Regulatory Commission[10] - The company’s financial investments in trading financial assets were valued at ¥17,757,776,032.47 as of January 1, 2019[19] Legal Matters - The company is currently involved in 96 lawsuits related to alleged false statements, with a total amount involved of approximately ¥32.56 million, all in the first instance trial stage[10] Other Comprehensive Income - Other comprehensive income showed a significant recovery, with a net amount of ¥198.14 million compared to a loss of ¥328.40 million in the previous period[9] - The company reported a significant increase in fair value changes, with gains of CNY 737,835,738.61 compared to losses of CNY 22,693,704.56 in Q1 2018[15] - Other comprehensive income after tax was CNY 174,821,754.84, compared to a loss of CNY 269,023,438.42 in Q1 2018[15] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17]