Huaan Securities(SH:600909)2024-04-26 08:48Financial Performance - The company's operating revenue for Q1 2024 was ¥832,043,812.48, representing a decrease of 19.57% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥279,381,443.93, down 23.29% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥277,156,576.86, a decrease of 21.82% compared to the previous year[4]. - The basic earnings per share for Q1 2024 was ¥0.06, down 25.00% compared to the same period last year[4]. - The diluted earnings per share was also ¥0.06, a decrease of 14.29% year-on-year[4]. - The weighted average return on equity was 1.31%, a decrease of 0.48 percentage points compared to the previous year[4]. - The company reported a comprehensive income total of ¥349,809,621.55 for Q1 2024, compared to ¥437,392,408.92 in Q1 2023, a decrease of 20.0%[25]. - Net interest income decreased to ¥76,780,671.20 in Q1 2024 from ¥110,889,817.28 in Q1 2023, reflecting a decline of 30.8%[24]. - The company reported a decrease in investment income to ¥191,378,008.35 in Q1 2024 from ¥362,510,202.61 in Q1 2023, a decline of 47.3%[24]. Assets and Liabilities - The total assets at the end of Q1 2024 were ¥83,717,395,865.13, an increase of 5.23% from the end of the previous year[5]. - Total assets increased to ¥83,717,395,865.13 in Q1 2024 from ¥79,557,635,438.81 in Q1 2023, representing a growth of 5.4%[23]. - Total liabilities rose to ¥62,218,711,343.88 in Q1 2024, up from ¥58,408,907,285.37 in Q1 2023, an increase of 4.6%[23]. - The company's total equity attributable to shareholders increased to ¥21,432,951,438.32 in Q1 2024 from ¥21,081,137,500.56 in Q1 2023, a rise of 1.7%[23]. - The equity attributable to shareholders increased to ¥21,432,951,438.32, reflecting a growth of 1.67% year-on-year[5]. Cash Flow - The net cash flow from operating activities was ¥2,172,972,542.80, with no year-on-year comparison available[4]. - The net cash inflow from operating activities was $2,172,972,542.80, a significant improvement from a net outflow of $1,218,885,828.82 in the previous year[27]. - The company reported a total cash inflow from operating activities of $4,236,164,547.49, up from $3,858,372,935.63 in the prior year, reflecting a growth of 9.8%[27]. - The net increase in cash and cash equivalents for the quarter was $3,183,552,429.05, compared to $1,393,833,144.44 in the same quarter last year, representing a 128.5% increase[27]. - Cash received from interest, fees, and commissions increased to ¥997,413,683.32 in Q1 2024, compared to ¥848,137,711.09 in Q1 2023, an increase of 17.6%[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 124,322[9]. - The company approved a cash dividend of ¥0.1 per share, subject to shareholder approval, based on the total share capital as of the dividend record date[17]. - The company appointed a new independent director, Mr. Han Dongya, pending shareholder approval[16]. - The company has retained Rongcheng Accounting Firm for the 2024 financial statement and internal control audit, subject to shareholder approval[18]. Operational Changes - The company relocated its headquarters to a new address in Hefei, Anhui Province, effective January 18, 2024[13]. - The company plans to increase its subsidiary Huazhong Futures' capital by ¥400 million, raising its registered capital to ¥1 billion[14]. Customer and Deposits - Customer deposits reached ¥13,550,043,778.76, up from ¥12,089,149,531.12, indicating an increase of about 12.1%[20]. - The company reported a significant increase in customer reserve funds, which rose to ¥3,745,799,862.90 from ¥3,442,961,352.90, marking an increase of approximately 8.8%[20]. - The company's settlement reserve funds increased to ¥6,317,383,715.92 from ¥5,983,199,277.02, reflecting a growth of approximately 5.6%[20].