SINOLINK SECURITIES(SH:600109)2024-04-24 13:24Financial Performance - The company's operating revenue for Q1 2024 was ¥1,482,944,235.52, representing a decrease of 24.03% compared to the same period last year[4] - Net profit attributable to shareholders was ¥366,854,019.81, down 38.60% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥361,737,486.94, a decrease of 38.95% compared to the previous year[4] - Basic earnings per share were ¥0.099, reflecting a decline of 38.13% year-on-year[4] - Operating profit for Q1 2024 was approximately CNY 437.94 million, down 43% from CNY 769.98 million in Q1 2023[24] - Net interest income decreased to approximately CNY 271.70 million from CNY 310.60 million, reflecting a decline of about 12.5%[24] - Net commission and fee income was approximately CNY 772.33 million, down 15% from CNY 909.52 million in the previous year[24] - Investment income decreased to approximately CNY 258.73 million from CNY 281.33 million, a decline of about 8%[24] - Other comprehensive income after tax was approximately CNY 17.37 million, compared to a loss of CNY 6.48 million in Q1 2023[26] - The company experienced a decrease in total operating expenses to approximately CNY 1.05 billion, down from CNY 1.18 billion in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥111,019,754,002.06, down 5.14% from the end of the previous year[6] - The company's total assets amounted to RMB 111,019,754,002.06, a decrease from RMB 117,032,405,038.93 at the end of 2023[22] - The total liabilities decreased to RMB 77,893,657,234.16 from RMB 84,235,864,466.92 year-over-year[23] - The company's receivables increased to RMB 924,447,266.62 from RMB 879,256,885.04 year-over-year[22] Shareholder Information - Shareholders' equity attributable to the parent company was ¥32,895,803,388.86, an increase of 1.01% compared to the end of the previous year[6] - The total number of ordinary shareholders at the end of the reporting period was 145,630[11] - The top 10 shareholders and their shareholding changes due to securities lending were reported, with specific percentages noted[14] - The company has a significant relationship with Chengdu Jiaozi Financial Holdings Group, which holds 197,182,660 shares, indicating potential strategic partnerships[12] Cash Flow - The net cash flow from operating activities was ¥5,829,553,415.71, with no applicable year-on-year comparison[4] - The company reported a net cash inflow from operating activities of approximately CNY 5.83 billion, a significant improvement from a net outflow of CNY 1.12 billion in Q1 2023[27] - The net cash flow from investment activities was -124,496,601.60 CNY, a decrease from 62,501,608.39 CNY in the previous year[29] - The total cash inflow from financing activities was 2,733,079,907.56 CNY, down from 9,239,344,011.36 CNY year-over-year[29] - The cash outflow for financing activities totaled 4,789,645,519.23 CNY, compared to 6,312,953,235.03 CNY in the same period last year[29] - The net cash flow from financing activities was -2,056,565,611.67 CNY, contrasting with a positive flow of 2,926,390,776.33 CNY in the previous year[29] - The net increase in cash and cash equivalents was 3,648,267,669.81 CNY, significantly higher than 1,860,530,122.03 CNY in the prior year[29] - The ending balance of cash and cash equivalents reached 33,006,712,982.26 CNY, up from 28,891,917,881.47 CNY year-over-year[29] Corporate Bonds and Financing - The company received approval from the China Securities Regulatory Commission to publicly issue corporate bonds totaling up to RMB 15 billion, with a validity period of 24 months[15] - The first phase of the bond issuance was completed on January 29, 2024, with an actual issuance scale of RMB 1.5 billion and a coupon rate of 2.83%[15] - The company paid a total interest of RMB 33.7 million for the corporate bonds issued to professional investors during the period from January 12, 2023, to January 11, 2024[15] - The company also paid RMB 31.9 million in interest for the non-publicly issued corporate bonds during the period from March 4, 2023, to March 3, 2024[16] - The company redeemed a total of RMB 506.2 million for the 11th phase of short-term financing bonds in January 2024[17] - The company redeemed RMB 504.3 million for the 13th phase of short-term financing bonds in January 2024[17] - The company redeemed RMB 513.7 million for the 3rd phase of short-term financing bonds in February 2024[17] - The company redeemed RMB 505.5 million for the 14th phase of short-term financing bonds in February 2024[17] Share Repurchase - The company repurchased a total of 22,102,002 shares, accounting for 0.5934% of the total share capital, with an average repurchase price of RMB 9.14 per share, totaling RMB 202,084,051.28[18] - The company plans to repurchase shares with a total amount not less than RMB 50 million and not exceeding RMB 100 million, with a maximum repurchase price of RMB 12 per share[19] - The company has already repurchased 2,353,100 shares by the end of March 2024, representing 0.0632% of the total share capital[19] Other Financial Metrics - The weighted average return on equity decreased by 0.78 percentage points to 1.12%[6] - The company's cash and cash equivalents increased to RMB 27,894,011,010.77 from RMB 25,060,869,851.37 year-over-year[22] - The company's total equity attributable to shareholders increased to RMB 32,895,803,388.86 from RMB 32,566,113,424.51 year-over-year[23] - The company reported a decrease in short-term borrowings to RMB 163,333,232.20 from RMB 235,851,870.25 year-over-year[23] - The company received a proposal from its controlling shareholder to repurchase shares to enhance investor confidence and promote stable development[18]