CGS(SH:601881)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥8,069,687,837.08, a decrease of 11.01% compared to ¥9,067,840,493.46 in the same period last year[4] - Net profit attributable to shareholders for Q3 2023 was ¥1,664,084,413.08, down 21.26% from ¥2,114,190,751.77 year-on-year[4] - The basic earnings per share for Q3 2023 was ¥0.15, a decrease of 25.00% compared to ¥0.20 in the same period last year[4] - Total operating revenue for the first three quarters of 2023 was ¥25,483,268,863.05, a decrease of 6.5% from ¥27,278,294,613.33 in the same period of 2022[20] - Net interest income decreased to ¥3,320,288,122.31 from ¥4,013,761,848.72, reflecting a decline of 17.3%[20] - Net commission and fee income was ¥4,918,346,173.45, down 16.4% from ¥5,883,760,482.37[20] - Investment income dropped significantly to ¥1,986,929,402.21 from ¥4,133,309,154.84, a decrease of 52.0%[20] - Total operating expenses for the first three quarters were ¥18,683,113,437.95, down 6.9% from ¥20,061,152,616.27[20] - Net profit for the third quarter of 2023 was ¥6,603,422,794.60, an increase of 2.5% compared to ¥6,441,082,828.35 in the same quarter of 2022[21] - Total comprehensive income for the third quarter was ¥7,882,504,654.62, up 13.1% from ¥6,971,147,771.67[22] Assets and Liabilities - Total assets as of September 30, 2023, reached ¥676,322,766,219.97, an increase of 8.17% from ¥625,215,724,194.40 at the end of the previous year[5] - The total liabilities increased to ¥555,726,328,135.22 from ¥522,601,017,700.09, reflecting a growth of 6.3%[20] - Total liabilities as of September 30, 2023, were CNY 479.15 billion, compared to CNY 440.93 billion at the end of 2022, reflecting an increase of about 8.6%[26] - The total assets as of September 30, 2023, amounted to CNY 590.74 billion, an increase from CNY 537.82 billion at the end of 2022, reflecting a growth of approximately 9.8%[26] Shareholder Information - Shareholders' equity attributable to the parent company was ¥120,573,136,958.20, up 17.52% from ¥102,589,713,169.38 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 119,948[12] - The largest shareholder, China Galaxy Financial Holdings, holds 49.15% of shares, totaling 5,186,538,364 shares[13] - Total equity attributable to shareholders reached ¥120,573,136,958.20, an increase from ¥102,598,725,946.18, representing a growth of 17.5%[20] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥28,167,717,136.12, indicating a significant decrease compared to ¥23,888,499,355.79 in the same period last year[4] - Operating cash inflow for the first three quarters of 2023 was CNY 66.58 billion, a decrease from CNY 92.31 billion in the same period of 2022, representing a decline of approximately 28%[23] - Net cash flow from operating activities was negative CNY 28.17 billion, compared to a positive CNY 23.89 billion in the previous year[23] - Total cash inflow from investment activities was CNY 26.24 billion, down from CNY 34.15 billion year-on-year, a decrease of about 23%[23] - Net cash flow from financing activities was CNY 2.09 billion, significantly lower than CNY 9.31 billion in the same period last year[24] Investment and Financial Assets - The company reported a decrease in investment and wealth management business income, contributing to the decline in both operating revenue and net profit for Q3 2023[8] - Derivative financial assets increased by 195.37% to CNY 7,769,925,994.30 from CNY 2,630,533,468.95 year-over-year[9] - Trading financial assets rose by 31.92% to CNY 226,808,553,565.86 compared to CNY 171,922,778,715.68 in the previous year[9] - Investment income decreased by 51.93% to CNY 1,986,929,402.21 from CNY 4,133,309,154.84 year-over-year[10] - Fair value changes in profit and loss increased by 422.47% to CNY 3,843,488,967.39 from CNY 735,641,150.86 in the same period last year[10] Management Changes - The company appointed Liu Bing as the new business director effective August 10, 2023, following the resignation of Du Pengfei[15]