越秀资本(000987) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was RMB 3,604,739,627.34, representing a 53.64% increase compared to RMB 2,346,171,473.10 in Q1 2021[7] - The net profit attributable to shareholders for Q1 2022 was RMB 583,950,541.31, a 2.55% increase from RMB 569,415,712.10 in the same period last year[7] - The basic earnings per share for Q1 2022 was RMB 0.157, up 2.61% from RMB 0.153 in Q1 2021[7] - The company's weighted average return on equity for Q1 2022 was 2.30%, a decrease of 0.11 percentage points from 2.41% in the same period last year[7] - The company reported a significant increase in other business income to CNY 2,081,893,583.91 from CNY 537,328,452.71, a growth of 287.5%[19] - The company achieved investment income of CNY 321,329,128.04, down from CNY 393,826,915.44, a decrease of 18.4%[19] - The net profit for Q1 2022 was CNY 781,552,076.69, slightly down from CNY 796,486,700.11, a decrease of 1.2%[20] Cash Flow - The net cash flow from operating activities for Q1 2022 was negative RMB 2,346,856,589.18, a significant decline of 520.26% compared to negative RMB 378,363,684.78 in Q1 2021[7] - The net cash flow from financing activities decreased by 76.78% to ¥2,292,077,502.53, reflecting reduced direct financing from corporate bonds and bank loans[12] - The net cash flow from investment activities was -1,493,461,361.93 CNY, an improvement from -2,604,067,846.57 CNY in the previous period[23] - The company reported a cash outflow of 12,546,062,526.92 CNY from financing activities, compared to 13,031,687,969.43 CNY in the same period last year[23] - The cash flow from operating activities was not detailed in the provided documents, indicating a focus on investment and financing activities[23] - The company experienced a decrease in cash flow from investment activities, reflecting a strategic shift or market conditions affecting investment decisions[23] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to RMB 157,078,178,334.94, reflecting a 2.44% increase from RMB 153,330,777,079.76 at the end of the previous year[7] - Total liabilities increased to ¥120.79 billion from ¥117.81 billion, reflecting a growth of about 2.5%[18] - Total equity increased to ¥36.29 billion from ¥35.52 billion, showing an increase of approximately 2.2%[18] - Long-term borrowings rose to ¥32.46 billion from ¥31.22 billion, an increase of about 4.0%[18] - Current assets decreased slightly to ¥86.25 billion from ¥86.96 billion, a decline of about 0.8%[16] - Non-current assets rose to ¥70.83 billion from ¥66.37 billion, marking an increase of approximately 6.9%[16] Investments - The company increased its stake in CITIC Securities, holding a total of 1.16 billion shares, which represents 7.83% of CITIC Securities' total equity[14] - The company plans to continue increasing its holdings in CITIC Securities with an investment of up to HKD 2.3 billion[14] - The company reported a significant increase of 629.81% in prepayments, reaching RMB 199,671,477.06, attributed to the growth in futures basis trading business[11] - The company recorded a fair value change gain of RMB 277,340,453.63 from trading financial assets, which is considered part of its main business operations[9] Costs and Expenses - Total operating costs increased to CNY 3,252,760,772.65 from CNY 1,627,894,733.02, reflecting a rise of 99.5%[19] - The company reported a significant increase in other business costs by 301.81% to ¥2,096,211,516.70, correlating with the growth in futures basis trading[12] - Financial expenses decreased by 50.80% to -¥79,624,115.54, attributed to an increase in interest income from a larger funding scale[12] - The company experienced a 64.73% reduction in credit impairment losses, amounting to -¥30,394,360.86, due to lower provisions for long-term receivables and debt investments[12] Other Financial Metrics - The company's other payables rose by 62.82% to RMB 2,868,214,846.70, mainly due to increased borrowings from related party Hong Kong Yueqi[11] - The company's revenue from the disposal of non-performing assets decreased by 38.34%, amounting to ¥82,060,580.68 compared to ¥133,092,966.60 in the same period last year[12] - Interest income decreased to CNY 1,263,591,606.90 from CNY 1,450,881,380.84, representing a decline of 12.9%[19] - Other comprehensive income after tax was CNY -11,392,044.70, an improvement from CNY -95,329,094.29 in the previous year[20] Audit Status - The report was unaudited, which may affect the reliability of the financial data presented[24]