山西证券(002500) - 2021 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2021 was ¥521,455,756, a decrease of 39.26% compared to ¥858,512,309 in the same period last year[3] - Net profit attributable to shareholders was ¥134,982,177, down 38.48% from ¥219,406,353 year-on-year[3] - Basic earnings per share decreased by 51.55% to ¥0.0376 from ¥0.0776 in the previous year[3] - The weighted average return on net assets was 0.80%, a decrease of 0.92 percentage points from 1.72% in the previous year[3] - The company reported a significant increase of 7667.00% in other income to ¥2,082,334 from ¥26,810, driven by government subsidies and tax refunds related to daily operations[12] - The total comprehensive income attributable to shareholders of the parent company for Q1 2021 was CNY 123,392,282, compared to CNY 104,605,206 in Q1 2020, showing an increase of approximately 18%[25] - The company's investment income for Q1 2021 was CNY 353,922,162, compared to CNY 253,974,292 in Q1 2020, reflecting a growth of about 39.3%[24] Assets and Liabilities - Total assets increased by 20.35% to ¥75,159,820,206 from ¥62,452,048,824 at the end of the previous year[3] - The total assets as of March 31, 2021, amounted to CNY 75,159,820,206, an increase from CNY 62,452,048,824 as of December 31, 2020, representing a growth of approximately 20.4%[21] - The company's total assets reached CNY 75,159,820,206 in Q1 2021, up from CNY 67,788,177,373 in Q1 2020, indicating a growth of around 10.2%[24] - The total liabilities increased to CNY 57,603,154,139 in Q1 2021 from CNY 50,666,863,025 in Q1 2020, marking a rise of approximately 13.5%[24] - The total liabilities rose to 45,280,539,131 CNY, an increase of 279,933,778 CNY compared to the previous year[31] Cash Flow - The net cash flow from operating activities was -¥134,996,236, an improvement from -¥198,124,664 in the same period last year[3] - The net cash flow from operating activities improved to -¥134,996,236 from -¥198,124,664, influenced by increased financial assets held for trading purposes[13] - The net cash inflow from operating activities was 14,588,492,566 CNY, an increase from 12,866,566,571 CNY year-over-year[27] - The net cash outflow from operating activities totaled 14,723,488,802 CNY, compared to 13,824,148,035 CNY in the previous year[27] - The net cash flow from investing activities was 123,737,286 CNY, a significant improvement from a net outflow of 18,091,515 CNY in the previous year[27] - The net cash inflow from financing activities was 1,419,825,832 CNY, compared to 1,434,918,715 CNY in the same quarter last year[28] Shareholder Information - The top shareholder, Shanxi Financial Investment Holding Group Co., Ltd., holds 31.77% of shares, totaling 1,140,374,242 shares[7] - The total number of ordinary shareholders at the end of the reporting period was 151,163[7] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[9] - The company has not reported any non-operating fund occupation by controlling shareholders during the reporting period, indicating good governance practices[20] Financial Instruments - The company reported non-recurring gains and losses totaling ¥392,405 after tax[4] - The company's cash and cash equivalents decreased by 34.64% to ¥3,406,860,686 from ¥5,212,171,280 due to a reduction in deposits at registered companies[12] - Derivative financial assets dropped by 48.22% to ¥13,151,797 from ¥25,399,386, influenced by fluctuations in the value of derivative financial instruments[12] - The company reported a net loss from fair value changes of CNY -93,434,417 in Q1 2021, compared to a loss of CNY -33,793,360 in Q1 2020, indicating increased volatility in financial instruments[24] - The company's financial investments include CNY 50,309,963 in debt investments, maintaining a stable investment strategy[21] Business Operations - The company established a new securities business department in Yinchuan and is in the process of closing nine existing branches to optimize its network layout[16] - The company has committed to using the proceeds from bond issuances solely for debt repayment, ensuring financial stability[19] - The company has implemented a new lease accounting standard effective January 1, 2021, which will increase total assets and liabilities but not significantly affect equity or net profit[34] - The company has not audited the first quarter report, indicating that the figures may be subject to change[35]