SCS(SH:601555)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 2,254,473,360.84, representing a year-on-year increase of 68.44%[4] - Net profit attributable to shareholders for the same period was RMB 583,119,421.75, showing a significant increase of 412.84% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was RMB 561,480,680.89, reflecting a year-on-year growth of 529.34%[4] - The basic and diluted earnings per share were both RMB 0.12, marking a 500% increase year-on-year[4] - The net profit for Q1 2023 was RMB 583,875,109.22, a substantial increase from RMB 115,364,101.51 in Q1 2022, representing a year-over-year growth of 406.5%[20] - The total comprehensive income attributable to the parent company for Q1 2023 is approximately ¥1.14 billion, up from ¥107.93 million in Q1 2022[23] - Basic and diluted earnings per share for Q1 2023 are both ¥0.12, compared to ¥0.02 in Q1 2022, reflecting a substantial improvement[23] Assets and Liabilities - The total assets at the end of Q1 2023 reached RMB 174,069,396,985.11, an increase of 28.03% from the end of the previous year[5] - The total assets of the company as of March 31, 2023, amounted to RMB 174,069,396,985.11, compared to RMB 135,957,055,953.88 at the end of 2022, indicating a growth of 28.0%[14] - The company's total liabilities as of March 31, 2023, were RMB 134,329,432,926.84, compared to RMB 97,379,252,975.44 at the end of 2022, marking an increase of 37.9%[14] - Shareholders' equity attributable to the parent company was RMB 39,137,035,560.75, which is a 2.99% increase compared to the end of the previous year[5] - The company's total equity reached RMB 39,739,964,058.27 as of March 31, 2023, compared to RMB 38,577,802,978.44 at the end of 2022, reflecting an increase of 3.0%[14] Cash Flow - The net cash flow from operating activities was negative at RMB -797,545,897.37, a decline of 103.65% year-on-year[4] - The net cash flow from operating activities for Q1 2023 is approximately -¥797.55 million, a decrease from ¥21.85 billion in Q1 2022, indicating a cash outflow[24] - Cash inflow from investment activities in Q1 2023 is approximately ¥13.34 billion, compared to ¥4.06 billion in Q1 2022, showing a significant increase[25] - The net cash flow from financing activities for Q1 2023 is approximately ¥3.65 billion, compared to ¥2.19 billion in Q1 2022, indicating growth in financing[25] - The total cash and cash equivalents at the end of Q1 2023 is approximately ¥34.56 billion, down from ¥37.22 billion at the end of Q1 2022[25] - The company reported a net increase in cash and cash equivalents of approximately ¥390.94 million for Q1 2023, contrasting with a decrease of ¥4.74 billion in Q1 2022[25] Revenue Drivers - The increase in operating revenue was primarily driven by higher net interest income and investment banking fees[7] - The company reported a significant increase in net profit due to the rise in operating revenue[7] - Net interest income was RMB 273,308,737.41, up from RMB 159,920,242.15 in the same period last year, reflecting a year-over-year growth of 70.8%[15] - The net income from commission and fee was RMB 780,733,087.50, slightly down from RMB 781,082,569.46 in the previous year, indicating a decrease of 0.04%[15] - The company’s investment income for Q1 2023 was RMB 315,792,810.44, down from RMB 350,031,588.14 in the same period last year, reflecting a decrease of 9.7%[15] Operating Expenses - The total operating expenses for Q1 2023 were RMB 1,474,301,629.00, an increase from RMB 1,211,523,343.50 in Q1 2022, indicating a rise of 21.6%[17] - The company reported a significant increase in trading financial assets, which rose to RMB 60,977,856,579.75 from RMB 30,750,368,703.35, representing a growth of 98.5%[13] Investment Activities - The company has made substantial investments, with cash payments for investments in Q1 2023 amounting to approximately ¥15.70 billion, compared to ¥32.81 billion in Q1 2022[25] - The company has seen a significant increase in cash inflow from interest, fees, and commissions, totaling approximately ¥1.49 billion in Q1 2023, compared to ¥1.63 billion in Q1 2022[24]