2024-04-29 09:09Financial Performance - The company's operating revenue for Q1 2024 was CNY 5,680,365,003.03, a decrease of 1.47% compared to CNY 5,765,114,214.28 in the same period last year[4] - Net profit for Q1 2024 was CNY 1,656,724,643.77, down 24.69% from CNY 2,199,810,498.39 year-on-year[4] - The net profit attributable to shareholders of the listed company decreased by 31.00% to CNY 1,387,612,479.52 from CNY 2,010,990,436.36 in the previous year[4] - The net cash flow from operating activities was negative at CNY -12,579,208,313.59, a significant decline of 142.54% compared to CNY 29,569,645,649.26 in the same period last year[4] - The weighted average return on equity decreased by 0.72 percentage points to 1.37% from 2.09% year-on-year[4] - The net profit from investment banking business decreased by 41.01% to CNY 171,283,493.82 compared to CNY 290,382,926.41 in the same period last year[8] - Investment income for Q1 2024 was CNY -1,729,602,177.23, a decrease of 158.34% from CNY 2,964,465,066.59 year-on-year[8] - The total profit for Q1 2024 was approximately RMB 1.98 billion, down 23.7% from RMB 2.59 billion in Q1 2023[15] - Basic earnings per share decreased to RMB 0.06 in Q1 2024, down from RMB 0.08 in Q1 2023[15] - The company reported a total comprehensive income of approximately RMB 2.18 billion, a decrease of 16.6% from RMB 2.61 billion in Q1 2023[15] Asset and Liability Management - Total assets at the end of the reporting period were CNY 628,122,635,093.05, a decrease of 1.15% from CNY 635,437,418,096.46 at the end of the previous year[4] - As of March 31, 2024, total assets amounted to RMB 628.12 billion, a decrease from RMB 635.44 billion as of December 31, 2023, reflecting a decline of approximately 1.9%[14] - Total liabilities decreased to RMB 497.15 billion from RMB 506.64 billion, representing a decline of approximately 1.9%[14] - The company's total equity increased to RMB 130.98 billion from RMB 128.79 billion, an increase of about 1.0%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 246,493, with 246,433 being individual shareholders[9] - The largest shareholder, China Jianyin Investment Co., Ltd., holds 6,596,306,947 shares, accounting for 26.34% of the total share capital[10] - The second-largest shareholder, Central Huijin Investment Co., Ltd., holds 5,020,606,527 shares, representing 20.05% of the total share capital[10] - The total number of shares held by the top 10 shareholders includes significant stakes from state-owned entities, indicating strong institutional support[10] - The total number of shares held by the top 10 unrestricted circulating shareholders reflects a stable ownership structure[10] Cash Flow Analysis - In Q1 2024, the net cash flow from operating activities was -12.58 billion RMB, a significant decrease from 29.57 billion RMB in Q1 2023[16] - Total cash inflow from investment activities was 14.41 billion RMB, compared to 865 million RMB in the same period last year[16] - The net cash flow from financing activities was -1.05 billion RMB, an improvement from -3.03 billion RMB in Q1 2023[16] - The company reported a total cash outflow from operating activities of 24.02 billion RMB, compared to 12.93 billion RMB in the previous year[16] - Cash received from interest, fees, and commissions was 5.67 billion RMB, slightly up from 5.47 billion RMB in Q1 2023[16] Investment and Financial Instruments - The company experienced a net decrease of 22.25 billion RMB in financial instruments held for trading purposes[16] - Cash inflow from the recovery of investments was 12.53 billion RMB, with no comparable figure from the previous year[16] - Financial investments in trading assets rose to RMB 242.18 billion from RMB 236.49 billion, an increase of about 2.9%[14] - The derivative financial assets increased to RMB 12.76 billion from RMB 10.21 billion, a rise of about 25.0%[14] Other Financial Metrics - The company's unallocated profits increased to RMB 33.52 billion from RMB 32.21 billion, reflecting a growth of approximately 4.1%[14] - The company's other comprehensive income rose to RMB 1.49 billion from RMB 902.47 million, an increase of approximately 65.2%[14] - Net commission and fee income decreased to approximately RMB 1.45 billion, down 16.7% from RMB 1.74 billion in the same period last year[15] - The net interest income showed an improvement, with a loss of RMB 85 million in Q1 2024 compared to a loss of RMB 104 million in Q1 2023[15] - Investment income from associates and joint ventures significantly declined to a loss of approximately RMB 1.73 billion, compared to a profit of RMB 2.96 billion in Q1 2023[15] Strategic Focus - The company plans to focus on enhancing its asset management and investment banking services to drive future growth[15] - The company has not reported any new strategies or product developments in this quarter[11] - There are no significant changes in the financial performance metrics reported for this quarter compared to previous periods[11] - The company continues to maintain a focus on institutional investors, as evidenced by the high percentage of shares held by major shareholders[10]