CGS(SH:601881)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥7,337,087,526.07, representing a decrease of 3.20% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥1,555,288,063.74, down 21.65% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,549,008,499.89, a decrease of 22.58% compared to the previous year[3]. - Basic and diluted earnings per share were both ¥0.14, reflecting a decline of 30.00% year-on-year[3]. - Net profit for Q1 2022 was ¥1,555,296,813.39, down 22.2% from ¥2,002,029,888.72 in Q1 2021[18]. - Total operating revenue for Q1 2022 was ¥7,337,087,526.07, a decrease of 3.2% compared to ¥7,579,622,186.24 in Q1 2021[18]. - Total operating expenses rose to ¥5,632,376,750.93 in Q1 2022, up from ¥5,049,405,491.01 in Q1 2021, marking an increase of 11.6%[18]. - Investment income decreased by 52.34% to ¥837,950,183.75, primarily due to reduced returns from financial instrument investments[7]. - The company reported a significant decrease in investment income, which fell to ¥837,950,183.75 in Q1 2022 from ¥1,758,000,983.66 in Q1 2021[18]. - Net interest income increased to ¥1,299,038,449.96 in Q1 2022 from ¥1,256,625,823.86 in Q1 2021, reflecting a growth of 3.2%[18]. - Net interest income increased to ¥1,020,937,046.23 from ¥965,529,586.51, reflecting a growth of 5.4% year-over-year[26]. - The total comprehensive income amounted to CNY 1,471,685,896.53, compared to CNY 1,879,073,030.82 in the previous year, reflecting a decrease[19]. Assets and Liabilities - Total assets at the end of Q1 2022 reached ¥577,306,732,958.21, an increase of 3.07% from the end of the previous year[3]. - The total assets as of March 31, 2022, amounted to ¥577,306,732,958.21, an increase from ¥560,135,032,623.76 as of December 31, 2021[16]. - Total liabilities increased to ¥475,807,128,167.22 as of March 31, 2022, compared to ¥461,156,981,445.01 at the end of 2021[16]. - Total liabilities increased to ¥394,490,387,362.79 from ¥377,138,236,227.63, representing a rise of 4.0%[25]. - The company's cash and cash equivalents stood at ¥119,607,074,842.47 as of March 31, 2022, up from ¥113,938,328,461.65 a year earlier[16]. - The company's cash and cash equivalents increased to ¥80,634,972,254.18 from ¥69,248,530,843.82, an increase of 16.5%[25]. - The total cash and cash equivalents at the end of the period stood at CNY 118,727,863,690.66, compared to CNY 95,055,320,596.54 at the end of the previous year[22]. - The total cash and cash equivalents at the end of the period increased to ¥99,196,681,013.30, up from ¥85,099,598,027.46 at the end of Q1 2021[29]. Cash Flow - The net cash flow from operating activities increased significantly by 90.64%, amounting to ¥17,432,704,552.09[5]. - Net cash flow from operating activities increased to CNY 17,432,704,552.09, compared to CNY 9,144,476,447.12 in the same quarter last year, showing a significant improvement[21]. - In Q1 2022, the net cash flow from operating activities was ¥20,831,751,660.41, a significant increase from ¥5,928,522,228.33 in Q1 2021, representing a growth of approximately 252%[28]. - Total cash inflow from operating activities reached ¥32,282,730,695.99, compared to ¥22,414,301,249.47 in the same period last year, indicating a year-over-year increase of about 44%[28]. - The net cash flow from investing activities was negative at CNY -23,404,561,129.90, compared to CNY -2,459,985,426.73 in the previous year, indicating increased investment outflows[22]. - The net cash flow from investment activities was -¥16,843,040,778.76, a decline from a positive cash flow of ¥1,199,970,854.97 in Q1 2021[28]. - Cash inflow from financing activities totaled CNY 34,068,586,676.79, slightly up from CNY 33,679,263,342.56 year-over-year[22]. - The net cash flow from financing activities improved to ¥2,550,108,130.70, compared to a negative cash flow of -¥5,922,414,093.62 in Q1 2021[29]. - The cash outflow for financing activities was ¥31,503,452,792.70, compared to ¥39,246,168,244.56 in Q1 2021, showing a reduction of about 20%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 95,686, with 95,007 being A-share shareholders and 679 being H-share registered shareholders[10]. - The company’s major shareholder, China Galaxy Financial Holdings Co., Ltd., holds 51.16% of the shares, while Hong Kong Central Clearing (Agent) Co., Ltd. holds 36.38%[9]. - The first quarter report indicates that the top ten shareholders hold a significant portion of the shares, with the largest shareholder holding over 5.1 billion shares[9]. - The company has no reported financing or margin trading activities involving the top ten shareholders[10]. - The company’s shares are held by both domestic and foreign investors, with a significant portion represented by Hong Kong Central Clearing as a nominee for overseas investors[10]. Corporate Governance - The company has appointed a new chairman of the supervisory board, Ms. Qu Yanping, and nominated Mr. Wei Guoqiang as a candidate for the equity supervisor[13]. - The company has made changes in its executive team, appointing Mr. Luo Liming as Vice President and Mr. Du Pengfei as Business Director[14]. Financing Activities - The company completed the issuance of A-share convertible bonds amounting to RMB 7.8 billion, with a face value of RMB 100 per bond, totaling 78 million bonds[11]. - The net proceeds from the A-share convertible bond issuance, after deducting issuance costs, were approximately RMB 7.735 billion, intended for investment in trading business, capital intermediary business, and supplementing operational funds[12]. - The company’s convertible bonds have a term of six years, with a coupon rate starting at 0.2% in the first year and increasing to 2.0% in the sixth year[11]. - The company issued long-term corporate bonds and received cash of ¥5,420,910,000.00, down from ¥9,476,470,000.00 in the previous year[29]. - The short-term financing payable increased by 39.82% to ¥39,146,651,582.51, indicating a rise in financing activities[6].