东北证券(000686) - 2024 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2024 was CNY 1,179,067,202.96, a decrease of 36.05% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 21,075,682.06, down 94.35% year-on-year[5] - Net profit after deducting non-recurring gains and losses was CNY 11,668,412.79, a decline of 96.80% compared to the previous year[5] - The net profit for Q1 2024 was CNY 44,591,928.62, a decrease from CNY 388,001,865.97 in Q1 2023, reflecting a significant decline in profitability[55] - Total revenue from other business income for Q1 2024 was CNY 447,834,181.89, down from CNY 701,966,690.53 in Q1 2023, indicating a decrease of approximately 36.2%[55] - The total operating expenses for Q1 2024 were CNY 1,134,936,640.32, down from CNY 1,367,959,500.54 in Q1 2023, indicating a reduction of about 17%[55] - The company reported a comprehensive income total of CNY 44,442,077.59 for Q1 2024, compared to CNY 387,979,953.15 in Q1 2023, reflecting a significant decline[57] - The company’s basic earnings per share for Q1 2024 were CNY 0.01, a decrease from CNY 0.16 in Q1 2023[57] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY 2,186,630,039.57, a significant increase of 186.54% from the previous year[5] - The net cash flow from operating activities for the current period is ¥2,186,630,039.57, compared to a negative cash flow of ¥2,526,744,547.68 in the same period last year, indicating a significant recovery[39] - Cash inflow from operating activities totaled ¥4,622,698,418.09, down 22.7% from ¥5,974,088,794.76 year-on-year[39] - The cash outflow from operating activities decreased to ¥2,436,068,378.52, a reduction of 71.4% compared to ¥8,500,833,342.44 in the previous year[39] - The net cash flow from investment activities was positive at ¥45,228,882.92, a turnaround from a negative cash flow of ¥110,671,896.15 in the same period last year[39] - The company’s cash flow from financing activities generated a net cash inflow of CNY 785,100,742.46 in Q1 2024, down from CNY 1,987,542,564.69 in Q1 2023[68] - The company’s cash reserves decreased by 42.33% to CNY 2,000,980,557.77 due to a reduction in customer deposits[7] - The cash and cash equivalents at the end of Q1 2024 were CNY 24,922,839,598.22, compared to CNY 23,705,362,318.99 at the end of Q1 2023, showing an increase of approximately 5.1%[68] Assets and Liabilities - Total assets increased by 5.32% to CNY 87,763,931,612.85 compared to the end of the previous year[6] - Total liabilities as of March 31, 2024, amount to RMB 68,824,995,974.64, an increase from RMB 64,435,192,980.93 at the end of the previous year[36] - Total equity as of March 31, 2024, is RMB 18,938,935,638.21, compared to RMB 18,899,163,560.62 at the end of the previous year[36] Investment and Income - Investment income increased by 65.65% to CNY 418,386,843.63 compared to the same period last year[21] - The net income from commission and fee income is RMB 519,361,262.52, down from RMB 556,731,994.64 year-on-year[37] - The company received cash from investment recoveries amounting to ¥1,310,230,612.57, an increase from ¥1,167,737,003.13 in the previous year[39] Shareholder and Corporate Actions - The number of ordinary shareholders at the end of the reporting period was 88,238[9] - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[24] - The company has signed an intention agreement to transfer 20.81% of its shares from its largest shareholder to other investment groups[48] Future Plans and Changes - The company plans to relocate several business offices in early 2024, with the first relocation scheduled for January 22, 2024[27] - The company has completed the cancellation of the Linjiang branch office by January 30, 2024[27] - The company plans to issue short-term corporate bonds with a total face value of up to ¥50 billion, with the first phase of issuance completed at ¥1.5 billion at an interest rate of 2.77%[46] - The company completed the issuance of subordinated bonds totaling ¥15 billion at an interest rate of 3.30%[47] Legal Matters - The company is appealing a first-instance judgment to the Jilin Provincial High Court as of November 21, 2023[32] Financial Ratios - The weighted average return on net assets was 0.11%, down 1.94% from the end of the previous year[6] - The net interest income turned negative at CNY -21,595,028.36, a decline of 184.50% year-on-year[21] - Net interest income for the current period is RMB -21,595,028.36, compared to RMB 25,556,838.19 in the previous year[37] - The company reported a significant increase in derivative financial liabilities, rising by 514.88% to ¥83,834,183.81 due to increased losses in over-the-counter options[40]