Nanhua Futures(SH:603093)2020-04-27 16:00Financial Performance - Operating revenue rose by 58.03% to CNY 2,556,776,759.07 year-on-year[12] - Net profit attributable to shareholders increased by 11.20% to CNY 31,356,739.94 compared to the same period last year[12] - Net cash flow from operating activities improved by 21.31% to CNY 819,473,795.17 year-to-date[12] - Basic earnings per share decreased by 16.67% to CNY 0.05[12] - Total operating revenue for Q1 2020 was CNY 2,556,776,759.07, an increase of 58% compared to CNY 1,617,950,048.62 in Q1 2019[43] - Net profit for Q1 2020 reached CNY 31,046,894.11, up from CNY 28,119,756.76 in Q1 2019, representing an increase of approximately 3.3%[46] - Other business income for Q1 2020 was CNY 2,135,226,729.70, up from CNY 1,487,663,754.16 in Q1 2019, showing an increase of approximately 43.5%[43] - The company reported a significant increase in fee income, with net fee income rising to CNY 54,937,378.40 from CNY 31,058,922.43 in the previous year[49] - The company’s total comprehensive income for Q1 2020 was CNY 19,147,870.07, compared to CNY 3,678,847.76 in Q1 2019[51] Assets and Liabilities - Total assets increased by 16.88% to CNY 16,422,585,819.11 compared to the end of the previous year[12] - The company's cash and cash equivalents increased by 20.11% to CNY 8,948,452,482.60 compared to CNY 7,450,400,673.87 at the end of 2019[22] - The company's total assets decreased by 28.08% in inventory to CNY 480,569,542.85, attributed to a decline in inventory cost prices and provisions for impairment[26] - Total liabilities amounted to CNY 13.94 billion, compared to CNY 11.61 billion, marking an increase of around 20.0%[35] - The company's expected liabilities surged by 647.69% to CNY 87,499,785.16, mainly due to anticipated losses from basis trading contracts[26] - The company's total liabilities increased significantly, with accounts payable for pledged margin rising by 226.75% to CNY 289,493,346.43[26] Cash Flow - The cash flow from operating activities for Q1 2020 was CNY 819,473,795.17, compared to CNY 675,527,635.82 in Q1 2019[54] - Total cash inflow from operating activities reached ¥1,588,733,514.29, compared to ¥1,235,317,877.47 in the previous year, indicating a year-over-year increase of approximately 28.5%[61] - The net cash flow from operating activities for Q1 2020 was approximately ¥1,436,894,936.09, a significant increase from ¥669,154,619.23 in Q1 2019, representing a growth of about 114%[61] - The net cash flow from investing activities was negative at ¥-41,039,519.54, an improvement from ¥-67,694,691.49 in Q1 2019[62] - The company reported a net increase in cash and cash equivalents of ¥1,395,855,416.55 for Q1 2020, compared to ¥601,459,927.74 in Q1 2019, marking an increase of about 132%[63] Shareholder Information - The number of shareholders reached 32,376 by the end of the reporting period[18] - The largest shareholder, Hengdian Group Holdings Co., Ltd., holds 73.30% of the shares[18] Investment and Other Income - Investment income increased by 471.10% to CNY 171,844,980.79, primarily due to gains from basis trading and off-exchange derivative business[28] - The net income from commission fees rose by 73.92% to CNY 79,857,441.74, driven by increased brokerage business commission income[28] - The total revenue from other business increased by 43.53% to CNY 2,135,226,729.70, mainly due to the growth in basis trading and related spot trading income[28] Other Financial Metrics - The weighted average return on net assets decreased by 0.09 percentage points to 1.28%[12] - The company's margin deposits rose significantly to CNY 7.54 billion from CNY 5.78 billion, reflecting a growth of approximately 30.5%[32] - The company's prepaid expenses rose by 228.66% to CNY 285,666,653.74, driven by the expansion of basis trading activities[26] - The company's other receivables increased to CNY 285.53 million from CNY 175.85 million, reflecting a growth of approximately 62.5%[32]