财通证券(601108) - 2024 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2024 was approximately ¥1.41 billion, a decrease of 21.03% compared to the same period last year[4]. - Net profit attributable to shareholders was approximately ¥420.73 million, down 2.81% year-on-year[4]. - Operating profit for Q1 2024 was approximately $544.86 million, slightly up from $543.38 million in Q1 2023[17]. - Net profit for Q1 2024 was approximately $456.11 million, down from $493.94 million in Q1 2023, representing a decline of about 7.6%[17]. - The net profit attributable to the parent company for Q1 2024 is approximately ¥456.28 million, a decrease from ¥494.25 million in Q1 2023, representing a decline of about 7.4%[18]. - The total comprehensive income attributable to the parent company for the period is approximately ¥527.18 million, slightly down from ¥529.70 million in the previous year[18]. - The diluted earnings per share for Q1 2024 is ¥0.10, unchanged from Q1 2023[18]. Cash Flow - Net cash flow from operating activities increased by 85.98% to approximately ¥5.12 billion[4][8]. - Operating cash flow increased by 85.98% to approximately $5.12 billion, influenced by changes in cash received and paid for securities and other investments[10]. - The net cash flow from operating activities for Q1 2024 is approximately ¥5.12 billion, an increase of 85.5% compared to ¥2.75 billion in Q1 2023[20]. - The net cash inflow from financing activities for Q1 2024 is approximately -¥906.80 million, an improvement compared to -¥3.25 billion in Q1 2023[21]. - The company recorded a substantial increase in cash received from securities trading, amounting to approximately ¥2.32 billion in Q1 2024, compared to ¥317.13 million in Q1 2023, marking a growth of over 630%[20]. - The company experienced a net cash outflow from investing activities of approximately -¥1.36 billion in Q1 2024, compared to -¥51.31 million in Q1 2023, indicating a significant increase in investment expenditures[20]. Assets and Liabilities - Total assets at the end of Q1 2024 were approximately ¥140.69 billion, representing a 5.19% increase from the end of the previous year[5]. - Total assets increased to approximately $140.69 billion as of March 31, 2024, up from $133.75 billion at the end of 2023, reflecting a growth of about 5.4%[16]. - Total liabilities rose to approximately $105.54 billion, compared to $99.13 billion at the end of 2023, marking an increase of about 6.5%[16]. - Shareholders' equity increased by 1.52% to approximately ¥35.13 billion compared to the end of the previous year[5]. - The company’s equity attributable to shareholders increased to approximately $35.13 billion from $34.60 billion, reflecting a growth of about 1.5%[16]. Investments and Financial Assets - Derivative financial assets rose by 93.28% to approximately ¥2.18 billion, mainly due to increased gains from OTC options[9]. - Investment losses amounted to approximately $680.81 million, compared to a loss of $87.14 million in the same period last year[17]. - The company reported a significant increase in client deposits, which rose to approximately $16.66 billion from $14.25 billion, an increase of about 16.9%[15]. - The company's financial investments in trading assets increased slightly to approximately $50.55 billion from $50.16 billion[15]. - Other comprehensive income after tax rose by 99.97% to approximately $70.89 million, primarily due to changes in the fair value of other debt investments[10]. Expenses - Business and management expenses decreased by 30.11% to approximately $859.94 million, reflecting a corresponding decrease in expenses due to reduced income[10]. - Total income tax expenses increased by 79.45% to approximately $88.75 million, mainly due to an increase in taxable income[10]. - Other income decreased by 66.82% to approximately $26.16 million due to a reduction in government subsidies related to daily activities[10]. - Exchange gains fell by 67.60% to approximately $292,071, primarily due to currency fluctuations[10].