Cinda Securities(SH:601059)2024-04-26 08:51Financial Performance - The company's operating revenue for Q1 2024 was RMB 834,810,844, representing a decrease of 23.43% compared to the same period last year[4]. - The net profit attributable to shareholders for Q1 2024 was RMB 184,796,742.81, down 14.41% year-on-year[4]. - The basic earnings per share for Q1 2024 was RMB 0.06, reflecting a decrease of 17.26% year-on-year[4]. - Total operating revenue for Q1 2024 was RMB 834.81 million, a decrease of 23.4% compared to RMB 1,090.24 million in Q1 2023[15]. - Net profit for Q1 2024 was RMB 195.13 million, a decrease of 17.4% compared to RMB 236.12 million in Q1 2023[15]. - Total operating revenue for Q1 2024 was ¥657,563,426.75, a decrease of 25% compared to ¥876,833,975.14 in Q1 2023[24]. - Net profit for Q1 2024 was ¥209,736,374.99, slightly down from ¥225,260,466.03 in Q1 2023[24]. Cash Flow - The net cash flow from operating activities was negative RMB 2,307,184,627.69, a decline of 180.15% compared to the previous year[4]. - Cash flow from operating activities showed a net outflow of RMB 2.31 billion in Q1 2024, contrasting with a net inflow of RMB 2.88 billion in Q1 2023[18]. - Cash flow from operating activities showed a net outflow of ¥1,387,705,247.33, compared to an inflow of ¥3,495,939,448.17 in Q1 2023[27]. - Cash inflow from investment activities was RMB 6.37 billion in Q1 2024, significantly higher than RMB 1.39 billion in Q1 2023[18]. - Cash flow from investing activities generated a net inflow of ¥6,339,940,313.53, significantly up from ¥1,556,127,413.35 in Q1 2023[27]. - The net cash flow from investing activities was 1,869,433,080.32, a significant improvement from the previous year's negative cash flow of -6,960,713,321.63[19]. Assets and Liabilities - Total assets at the end of Q1 2024 were RMB 76,037,425,761.45, down 2.42% from the end of the previous year[5]. - As of March 31, 2024, total assets amounted to ¥76,037,425,761.45, a decrease from ¥77,923,772,045.40 as of December 31, 2023, representing a decline of approximately 2.42%[13]. - Total liabilities decreased to ¥57,517,151,374.08 from ¥59,583,952,388.42, indicating a reduction of approximately 3.48%[14]. - The total assets decreased to 67,523,953,162.97 from 68,214,846,233.84, indicating a reduction in the company's asset base[21]. - The total liabilities decreased to 50,061,500,998.19 from 50,960,741,654.20, reflecting a decrease in the company's obligations[22]. Shareholder Information - The equity attributable to shareholders increased to RMB 17,935,330,570.53, a rise of 0.99% compared to the end of the previous year[5]. - The top shareholder, China Cinda Asset Management, holds 78.67% of the shares, totaling 2,551,400,000 shares[8]. - The total number of ordinary shareholders at the end of the reporting period was 68,662[8]. - The total equity attributable to shareholders increased to ¥17,935,330,570.53 from ¥17,758,992,301.35, showing a growth of approximately 0.99%[14]. - The total equity increased to 17,462,452,164.78 from 17,254,104,579.64, indicating growth in shareholder value[22]. Operating Expenses and Income - Total operating expenses for Q1 2024 were RMB 690.16 million, down 17.5% from RMB 836.91 million in Q1 2023[15]. - Total operating expenses decreased to ¥504,366,262.81 from ¥662,495,101.10, resulting in an operating loss of ¥153,197,163.94 compared to a profit of ¥21,187.56 in Q1 2023[24]. - Net interest income for Q1 2024 was RMB 85.73 million, slightly down from RMB 86.69 million in Q1 2023[15]. - Net commission and fee income decreased to RMB 408.77 million in Q1 2024 from RMB 506.33 million in Q1 2023, a decline of 19.3%[15]. - Investment income increased to RMB 414.01 million in Q1 2024, up 15.5% from RMB 358.54 million in Q1 2023[15]. - Net interest income decreased to ¥61,367,176.07 from ¥64,497,128.66, with interest income rising to ¥300,497,365.59, up from ¥286,384,422.32[24]. - Net commission and fee income fell to ¥264,090,477.02 from ¥299,202,705.52, primarily due to a decline in brokerage business fees[24]. - Investment income decreased to ¥408,108,898.75 from ¥421,780,938.79, reflecting a challenging investment environment[24]. Government Support - The company received government subsidies amounting to RMB 6,175,314.62, which positively impacted the financial results[6]. Employee Liabilities - The company reported a significant increase in employee compensation liabilities, which rose to ¥833,333,453.02 from ¥567,628,322.80, a rise of about 46.85%[14]. Financial Assets - The company's trading financial assets decreased to ¥28,336,408,126.13 from ¥29,161,860,002.86, reflecting a decrease of about 2.83%[13]. - The amount of financial assets sold under repurchase agreements decreased to ¥11,627,352,525.36 from ¥11,802,606,809.76, a decline of approximately 1.48%[14]. - The company's derivative financial liabilities decreased to ¥6,734,741.94 from ¥15,286,490.87, a reduction of about 56.0%[14]. Cash and Cash Equivalents - Cash and cash equivalents increased to ¥17,449,882,993.47 from ¥16,745,457,705.69, reflecting a growth of about 4.21%[13]. - The total cash and cash equivalents at the end of the period increased to 19,768,902,149.07, compared to 20,393,507,208.69 at the end of the previous year[19]. - The ending cash and cash equivalents balance increased to ¥14,490,305,532.25 from ¥14,309,049,706.76 in Q1 2023[28]. Collection Efficiency - The company's receivables decreased to 122,298,338.54 from 152,602,948.18, suggesting improved collection efficiency[21]. - The total amount of receivables increased to ¥596,436,775.86 from ¥406,030,897.84, indicating a growth of approximately 46.9%[13]. Liquidity - The company's monetary funds increased to 12,017,184,516.59 from 10,368,409,285.68, showing improved liquidity[21].