Caitong Securities(SH:601108)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 446.79 million, an increase of 130.69% year-on-year[4]. - Operating income for the period was CNY 1.33 billion, reflecting a growth of 49.28% compared to the same period last year[4]. - Basic earnings per share increased to CNY 0.12, representing a growth of 140.00% compared to the previous year[4]. - The weighted average return on net assets rose to 1.85%, an increase of 1.01 percentage points year-on-year[4]. - Total revenue for Q1 2021 was CNY 1,330,946,116.11, an increase from CNY 891,582,400.39 in Q1 2020, representing a growth of approximately 49.4%[21]. - Net profit for Q1 2021 reached approximately ¥446 million, compared to ¥194 million in Q1 2020, marking an increase of 130%[22]. - Total operating revenue for Q1 2021 was approximately ¥871 million, a significant increase from ¥426 million in Q1 2020, representing a growth of 104%[24]. - The total profit before tax for Q1 2021 was approximately ¥522 million, compared to ¥223 million in Q1 2020, indicating an increase of 134%[22]. Cash Flow - Net cash flow from operating activities was CNY 2.94 billion, up 59.20% year-on-year[4]. - The net cash flow from operating activities rose by 59.2% to ¥2,936,781,419.19 from ¥1,844,670,632.05, attributed to a net decrease in lent funds and an increase in repurchase business funds[11]. - Total cash inflow from operating activities reached CNY 6,938,492,144.30, up from CNY 5,813,677,153.09 in the same period last year, reflecting a growth of 19.3%[27]. - Cash outflow from operating activities was CNY 4,001,710,725.11, slightly higher than CNY 3,969,006,521.04 in Q1 2020, indicating a marginal increase of 0.8%[27]. - The net cash flow from financing activities was CNY -2,336,026,962.29, contrasting with a positive cash flow of CNY 3,677,268,693.69 in the previous year[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 95.55 billion, a decrease of 1.14% compared to the end of the previous year[4]. - Total liabilities decreased to ¥72,169,471,449.98 from ¥73,201,841,046.60, primarily due to a decrease in short-term financing payables[16]. - The company’s total liabilities and shareholders' equity amounted to CNY 91,653,682,749.29, compared to CNY 92,823,794,453.89 in the previous year[20]. - Total assets as of January 1, 2021, amounted to RMB 97,347,143,875.56, an increase of RMB 688,297,964.26 compared to the previous period[32]. - Total liabilities reached RMB 73,890,139,010.86, reflecting an increase of RMB 688,297,964.26 from the previous period[32]. Shareholder Information - The total number of shareholders at the end of the reporting period was 167,257[7]. - Zhejiang Financial Holdings Co., Ltd. held 29.03% of the shares, making it the largest shareholder[7]. Government Support and Subsidies - The company reported a government subsidy of CNY 9.96 million, primarily related to government support[5]. - Other income increased by 63.12% to ¥9,960,023.71 from ¥6,105,986.59, largely due to higher government subsidies[11]. Investment and Financial Assets - Derivative financial assets increased by 119.31% to ¥139,054,232.96 from ¥63,404,936.60 due to an increase in over-the-counter options[9]. - Investment income surged by 73.08% to ¥540,776,148.32 from ¥312,434,664.26, mainly driven by gains from trading financial assets and investments in associates[11]. - The total amount of financial investments in trading assets was RMB 24,938,451,516.22[31]. - The company holds debt investments totaling RMB 6,481,371,854.01 and other debt investments of RMB 7,036,028,384.00[32]. Other Financial Metrics - The company reported a significant decrease of 69.22% in borrowed funds to ¥400,200,277.78 from ¥1,300,381,555.60, mainly due to reduced borrowing from financial institutions[9]. - Deferred income tax liabilities decreased by 37.21% to ¥154,934,994.13 from ¥246,745,706.32, primarily due to a reduction in unrealized gains on financial assets[11]. - The company reported a credit impairment loss of approximately -¥15 million in Q1 2021, a significant improvement from a loss of ¥6 million in Q1 2020[22].