山西证券(002500) - 2022 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2022 was CNY 473,923,189, a decrease of 9.12% compared to CNY 521,455,756 in the same period last year[3] - Net profit attributable to shareholders was CNY 65,054,746, down 51.80% from CNY 134,982,177 year-on-year[3] - Basic and diluted earnings per share were CNY 0.0181, a decrease of 51.86% from CNY 0.0376 in the same period last year[4] - The total comprehensive income for the period was 50,423,092, down from 114,610,765 in the previous year, indicating a decline of 56.0%[21] - The company’s net interest income was -7,835,547, a significant decrease from 30,674 in the previous year[19] Cash Flow and Liquidity - Net cash flow from operating activities reached CNY 795,769,046, compared to a negative CNY 134,996,236 in the previous year, indicating a significant improvement[3] - The net increase in cash and cash equivalents for Q1 2022 was -793,047,322, compared to an increase of 1,412,797,208 in the previous period[24] - The ending balance of cash and cash equivalents was 25,610,085,157, down from 26,403,132,479 at the beginning of the period[24] - The impact of exchange rate fluctuations on cash was -6,677,260, while the previous period saw a positive impact of 4,230,326[24] Assets and Liabilities - Total assets increased by 6.26% to CNY 81,081,431,666 from CNY 76,302,381,884 at the end of the previous year[3] - The total liabilities of the company as of March 31, 2022, are ¥75,000,000,000, reflecting a significant increase from the previous period[17] - Total liabilities increased to 63,324,827,491, up from 58,596,200,808, reflecting a growth of 8.5%[18] - The total equity attributable to shareholders of the parent company was 17,297,186,817, slightly up from 17,240,347,086[18] Investment and Income - Investment banking net fee income rose by 55.92% to CNY 93,449,124, driven by favorable market conditions[8] - Investment income decreased by 52.02% to CNY 169,820,170 due to declines in the value of financial instruments held[8] - The company reported a significant increase in long-term equity investments, which rose by 68.62% to CNY 254,087,174[7] - The company’s investment income decreased to 169,820,170, down 52.0% from 353,922,162 in the previous year[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 134,381, with the largest shareholder, Shanxi Financial Investment Holding Group Co., Ltd., holding 31.77% of shares, equating to 1,140,374,242 shares[9] Government Support - The company received government subsidies amounting to CNY 3,711,861, an increase of 78.25% compared to the previous year[8] Debt and Financing - Cash flow from financing activities showed a negative net amount of CNY 1,265,287,879, primarily due to the repayment of CNY 1.5 billion in corporate bonds and CNY 1 billion in subordinated debt[8] - The company issued a new bond on March 21, 2022, with a scale of ¥800 million and a coupon rate of 3.88%[13] - The company's short-term borrowings increased to ¥976,062,637 as of March 31, 2022, compared to ¥890,372,709 at the end of 2021, indicating an increase of approximately 9.7%[17] Legal and Regulatory Issues - The company has ongoing litigation related to securities false statements, with claims totaling ¥4,571,357,198 against it[14] - The company is under investigation by the China Securities Regulatory Commission for potential violations related to a previous stock issuance project[15]