浙商证券(601878) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue rose by 51.19% to CNY 1,884,421,857.29 year-on-year [4] - Net profit attributable to shareholders increased by 16.84% to CNY 319,193,627.46 compared to the same period last year [4] - Basic earnings per share increased by 25.00% to CNY 0.10 compared to the previous year [4] - The company reported a net profit excluding non-recurring gains and losses of CNY 312,693,928.42, an increase of 18.01% year-on-year [4] - Total operating revenue for Q1 2020 was CNY 1,884,421,857.29, an increase of 51.1% compared to CNY 1,246,412,426.18 in Q1 2019 [17] - Net profit attributable to shareholders reached ¥319,193,627.46, an increase from ¥273,183,310.85 in the same quarter last year, representing a growth of approximately 16.9% [19] - Total operating income for Q1 2020 was ¥994,416,761.97, up from ¥591,232,955.58 in Q1 2019, indicating a year-over-year increase of about 68.2% [20] - The total profit for Q1 2020 was ¥378,234,920.83, up from ¥220,676,476.60, indicating a growth of around 71.5% [20] Assets and Liabilities - Total assets increased by 9.87% to CNY 74,059,508,774.38 compared to the end of the previous year [4] - The total assets of the company reached ¥74,059,508,774.38 as of March 31, 2020, compared to ¥67,404,021,579.67 at the end of 2019, reflecting a growth of 9.8% [12] - The company's total liabilities as of March 31, 2020, were ¥66,000,000,000, reflecting a significant increase from the previous year [12] - Total liabilities increased to CNY 50,487,173,478.59 from CNY 44,437,889,911.91, representing a rise of 13.0% [16] - Shareholders' equity totaled CNY 13,373,092,973.31, up from CNY 13,089,410,490.15, marking an increase of 2.2% [16] Cash Flow - Net cash flow from operating activities decreased by 30.08% to CNY 4,835,022,379.31 year-on-year [4] - Cash inflow from operating activities totaled approximately ¥11.45 billion in Q1 2020, down from ¥13.23 billion in Q1 2019, indicating a decrease of 13.5% [23] - The net cash flow from operating activities was approximately ¥4.84 billion in Q1 2020, compared to ¥6.92 billion in Q1 2019, reflecting a decline of 30.2% [23] - Cash inflow from financing activities was approximately ¥6.51 billion in Q1 2020, an increase from ¥4.94 billion in Q1 2019, marking a growth of 31.9% [24] - The net cash flow from financing activities was negative at approximately -¥753.77 million in Q1 2020, compared to a positive flow of ¥2.82 billion in Q1 2019 [24] Shareholder Information - The total number of shareholders reached 114,108 by the end of the reporting period [7] - Zhejiang Shangsan Expressway Co., Ltd. holds 63.74% of the shares, making it the largest shareholder [7] Investment and Income - The company's net interest income for Q1 2020 was ¥112,758,699.34, a 92.03% increase compared to ¥58,717,881.71 in Q1 2019, driven by an increase in customer deposits and lending activities [10] - The company's investment income for Q1 2020 was ¥444,739,303.36, an increase of 85.49% compared to ¥239,761,155.15 in Q1 2019, due to enhanced performance in proprietary investments [10] - The net income from fees and commissions for Q1 2020 was ¥613,949,697.59, a 64.18% increase from ¥373,939,794.59 in Q1 2019, attributed to growth in brokerage and investment banking services [10] Operating Expenses - The company reported a significant increase in operating expenses, which rose by 52.10% to ¥754,344,455.51 in Q1 2020, compared to ¥495,956,544.62 in Q1 2019, linked to performance-related compensation increases [10] - Total operating expenses were ¥607,915,183.51, up from ¥371,153,460.90, which is an increase of about 63.7% [20] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report [4] - The company did not apply new revenue and lease standards for the current reporting period [27]