Huaan Securities(SH:600909)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,034,524,655.46, representing a year-on-year increase of 97.73%[4] - Net profit attributable to shareholders was CNY 364,221,044.69, showing a significant increase of 242.38% compared to the same period last year[4] - The basic earnings per share (EPS) reached CNY 0.08, reflecting a 300% increase year-on-year[4] - Total revenue for Q1 2023 reached RMB 1,034,524,655.46, a significant increase of 97.6% compared to RMB 523,207,625.57 in Q1 2022[24] - Net profit for Q1 2023 was RMB 397,430,418.48, up from RMB 89,116,400.40 in Q1 2022, representing a growth of 345.5%[25] - The net interest income for Q1 2023 was RMB 110,889,817.28, a decrease of 11.6% from RMB 125,628,926.44 in Q1 2022[24] - The company reported an investment income of RMB 362,510,202.61 for Q1 2023, compared to RMB 249,880,410.31 in Q1 2022, marking a growth of 45.0%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 81,318,338,430.81, up 10.05% from the end of the previous year[5] - The company's total assets increased to RMB 81,318,338,430.81 as of March 31, 2023, compared to RMB 73,888,903,664.86 at the end of 2022, reflecting a growth of 10.4%[23] - The total liabilities rose to RMB 60,670,369,216.49, up from RMB 53,677,393,075.29, indicating an increase of 13.7%[23] - The total liabilities as of Q1 2023 amounted to 53,727,376,577.97 RMB, reflecting an increase of 49,983,502.68 RMB from the previous period[30] Cash Flow - The net cash flow from operating activities was negative at CNY -1,218,885,828.82, indicating a significant cash outflow[4] - The net cash flow from operating activities for Q1 2023 was -1,218,885,828.82 RMB, compared to -752,582,353.01 RMB in Q1 2022, indicating a decline of approximately 62% year-over-year[27] - Total cash inflow from operating activities increased to 3,858,372,935.63 RMB in Q1 2023, up from 2,428,418,764.79 RMB in Q1 2022, representing a growth of about 59%[27] - The company reported a net increase in cash and cash equivalents of 1,393,833,144.44 RMB for Q1 2023, contrasting with a decrease of -231,253,805.42 RMB in Q1 2022[28] - Cash inflow from financing activities surged to 4,015,280,000.00 RMB in Q1 2023, compared to 1,055,560,000.00 RMB in Q1 2022, marking an increase of approximately 280%[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 130,635[9] - The company plans to distribute a cash dividend of 1 RMB per 10 shares, totaling approximately 469.77 million RMB, which represents 39.77% of the net profit attributable to shareholders for the year 2022[17] - The total equity attributable to shareholders reached RMB 20,529,572,253.91, an increase from RMB 20,126,323,002.95, reflecting a growth of 2.0%[23] Governance and Management - The company has decided to close two branch offices to enhance operational efficiency and optimize its network layout[16] - The company is in the process of electing a new board of directors and supervisory board, with nominations for candidates already made[19] - The resignation of the chairman of the supervisory board was accepted, and it will not affect the normal operation of the supervisory board[14] - The company is undergoing a restructuring of its governance with the election of new board members and supervisors[19] - The company has disclosed its plans for future governance and operational strategies in its recent announcements[19] Accounting Policies - The company has implemented changes to its accounting policies effective January 1, 2023, to better reflect its financial status and operating results[20] - The company has confirmed that the changes in accounting policies will not have a significant impact on its financial condition or cash flow[20] - The company is actively managing its assets and liabilities in accordance with new accounting standards[20]