南京证券(601990) - 2022 Q1 - 季度财报

Company Overview and Key Financial Indicators This section provides an overview of the company's basic situation and core financial performance metrics for the reporting period Key Accounting Data and Financial Indicators In Q1 2022, the company experienced a year-on-year decline in performance, with revenue down 20.12% and net profit attributable to shareholders down 29.14%, while operating cash flow significantly turned positive Key Financial Indicators for Q1 2022 | Indicator | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 393.44 million CNY | -20.12% | | Net Profit Attributable to Parent Company Shareholders | 125.20 million CNY | -29.14% | | Net Cash Flow from Operating Activities | 2.03 billion CNY | N/A | | Basic Earnings Per Share (CNY/share) | 0.03 CNY | -29.14% | | Weighted Average Return on Net Assets (%) | 0.76% | Decreased by 0.35 percentage points | | Indicator | End of Current Period | Change from End of Prior Year (%) | | Total Assets | 50.05 billion CNY | -3.21% | | Total Equity Attributable to Parent Company Shareholders | 16.57 billion CNY | 0.78% | Non-recurring Gains and Losses Non-recurring gains and losses totaled -15,382.59 CNY, having a negligible impact on net profit, with the company classifying financial instrument-related gains as recurring Details of Non-recurring Gains and Losses | Item | Amount for Current Period (CNY) | | :--- | :--- | | Non-current asset disposal gains and losses | 35,426.96 | | Government grants recognized in current profit or loss | 4,956.78 | | Other non-operating income and expenses | -55,156.63 | | Less: Income tax impact | -4,123.99 | | Less: Impact on minority interests (after tax) | 4,733.69 | | Total | -15,382.59 | - As a securities operating institution, the company classifies fair value changes and investment income from holding trading financial instruments and derivatives as recurring gains and losses[5] Shareholder Information This section details the company's shareholder structure, including the total number of shareholders and the top ten shareholders' holdings Shareholding Status As of the reporting period end, the company had 156,985 common shareholders, with the top ten primarily state-owned legal entities holding a significant combined stake, led by Nanjing Zijin Investment Group Co., Ltd. at 25.01% - As of the end of the reporting period, the company had 156,985 common shareholders[6] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage (%) | | :--- | :--- | :--- | | Nanjing Zijin Investment Group Co., Ltd. | State-owned legal entity | 25.01 | | Nanjing Xingong Investment Group Co., Ltd. | State-owned legal entity | 7.01 | | Nanjing Municipal Transportation Construction Investment Holding (Group) Co., Ltd. | State-owned legal entity | 6.53 | | Jiangsu Phoenix Real Estate Co., Ltd. | State-owned legal entity | 4.73 | | Nanjing Zijin Asset Management Co., Ltd. | State-owned legal entity | 3.19 | | Nanjing State-owned Assets Management Co., Ltd. | State-owned legal entity | 1.66 | | Nanjing Agricultural Reclamation Industry (Group) Co., Ltd. | State-owned legal entity | 1.66 | | Nanjing Yiyue Real Estate Development Co., Ltd. | State-owned legal entity | 1.63 | | Nanjing Southeast State-owned Assets Investment Group Co., Ltd. | State-owned legal entity | 1.45 | | Nanjing Port (Group) Co., Ltd. | State-owned legal entity | 1.31 | - Among the top ten shareholders, Nanjing Zijin Investment Group and its controlled Nanjing Zijin Asset Management Co., Ltd., along with several other companies under the control of Nanjing State-owned Assets Supervision and Administration Commission, have related party relationships or concerted action arrangements[7] Quarterly Financial Statements This section presents the company's consolidated financial statements for the quarter, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2022, total assets were 50.05 billion CNY, a 3.21% decrease from the prior year-end, while total liabilities decreased by 5.13% and equity attributable to the parent company slightly increased by 0.78%, maintaining a stable financial structure Key Balance Sheet Item Changes | Item | March 31, 2022 (CNY) | December 31, 2021 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 50.05 billion | 51.71 billion | -3.21% | | Total Liabilities | 33.13 billion | 34.92 billion | -5.13% | | Total Equity Attributable to Parent Company | 16.57 billion | 16.44 billion | 0.78% | Consolidated Income Statement In Q1 2022, total operating revenue was 393 million CNY, a 20.12% year-on-year decrease, with operating profit down 38.01% and net profit attributable to the parent company at 125 million CNY, a 29.14% decline, largely due to increased fair value change losses Core Income Statement Data | Item | Q1 2022 (CNY) | Q1 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 393.44 million | 492.52 million | -20.12% | | Operating Profit | 141.39 million | 228.08 million | -38.01% | | Net Profit Attributable to Parent Company Shareholders | 125.20 million | 176.68 million | -29.14% | | Basic Earnings Per Share (CNY/share) | 0.03 | 0.05 | -40.00% | Composition of Major Business Revenue | Revenue Item | Q1 2022 (CNY) | Q1 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Interest Income | 215.93 million | 241.33 million | -10.53% | | Net Fee and Commission Income | 189.48 million | 234.32 million | -19.14% | | Of which: Brokerage Business Net Fee Income | 129.28 million | 170.21 million | -24.05% | | Investment Banking Business Net Fee Income | 45.06 million | 47.65 million | -5.43% | | Investment Income | 51.77 million | 44.12 million | 17.35% | | Fair Value Change Gains | -74.83 million | -35.34 million | -111.76% | Consolidated Cash Flow Statement In Q1 2022, net cash flow from operating activities significantly improved to 2.03 billion CNY from a negative 633.71 million CNY year-on-year, while financing activities resulted in a net outflow of 2.48 billion CNY due to debt repayment, with cash and cash equivalents at 13.78 billion CNY Key Cash Flow Statement Items | Item | Q1 2022 (CNY) | Q1 2021 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 2.03 billion | -633.71 million | | Net Cash Flow from Investing Activities | -4.09 million | -14.02 million | | Net Cash Flow from Financing Activities | -2.48 billion | -512.55 million | | Net Increase in Cash and Cash Equivalents | -447.55 million | -1.16 billion | - The significant improvement in operating cash flow was primarily driven by a net increase of 1.62 billion CNY in repurchase business funds and a net decrease of 468 million CNY in funds lent[16] - The increased net cash outflow from financing activities was mainly due to 2.46 billion CNY paid for debt repayment, significantly higher than 1.19 billion CNY in the prior year period[17]