Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,610,537,317.89, representing a decrease of 18.63% compared to the same period last year[7]. - Net profit attributable to shareholders for Q1 2024 was CNY 886,228,868.51, down 37.94% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 794,110,163.83, a decrease of 38.13% compared to the previous year[7]. - Basic earnings per share for Q1 2024 were CNY 0.10, down 37.50% from the same period last year[7]. - The total comprehensive income for Q1 2024 was RMB 1,379,333,071.19, a decrease of approximately 24% compared to RMB 1,814,600,355.80 in Q1 2023[29]. - The net profit attributable to the parent company for Q1 2024 was RMB 886,228,868.51, down 38% from RMB 1,428,089,623.65 in Q1 2023[29]. - Basic earnings per share for Q1 2024 was RMB 0.10, compared to RMB 0.16 in Q1 2023, reflecting a decline of 37.5%[29]. - The company reported a decrease in operating profit from RMB 866,995,341.76 in Q1 2023 to a loss in Q1 2024[28]. - Net profit for Q1 2024 was ¥1,706,467,425.04, representing an increase of 46.2% compared to ¥1,166,943,620.05 in Q1 2023[44]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -22,798,135,086.96, indicating a significant cash outflow[7]. - The net cash flow from operating activities for Q1 2024 was negative at -¥7,551,559,687.86, contrasting with a positive cash flow of ¥1,994,912,583.88 in Q1 2023[46]. - The company experienced a net decrease in cash flow from financing activities, indicating potential challenges in liquidity management[31]. - The cash inflow from financing activities in Q1 2024 was RMB 2,637,561,054.20, down from RMB 6,413,109,102.48 in Q1 2023[33]. - The cash outflow from financing activities was RMB 8,218,488,817.89 in Q1 2024, compared to RMB 1,248,703,454.60 in Q1 2023[33]. - The cash and cash equivalents net increase for Q1 2024 was RMB -19,285,389,301.15, compared to RMB -15,180,325,721.23 in Q1 2023[35]. - The ending balance of cash and cash equivalents as of Q1 2024 was 39,665,971,534.60 RMB, down from 45,330,251,871.76 RMB in the previous year[48]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 353,279,284,938.62, a decrease of 7.93% from the end of the previous year[7]. - Total liabilities decreased to CNY 273,150,871,712.07 as of March 31, 2024, down 10.5% from CNY 304,930,264,916.75 at the end of 2023[24]. - The total equity attributable to shareholders increased to CNY 80,113,400,706.68 as of March 31, 2024, compared to CNY 78,745,531,646.26 at the end of 2023, reflecting a growth of 1.7%[24]. - The total assets and equity amounted to ¥268,748,266,517.65 as of March 31, 2024, compared to ¥281,322,819,365.06 as of December 31, 2023[40]. - The total liabilities decreased from RMB 209,119,714,522.19 at the end of 2023 to RMB 194,346,773,065.81 by March 31, 2024[38]. - The company's total liabilities to total assets ratio improved slightly to 77.4% as of March 31, 2024, compared to 79.5% at the end of 2023[24]. Income and Expenses - Investment income decreased by 49.47% to CNY 403,449,885.03, primarily due to a reduction in derivative investment income[12]. - Other income increased by 91.23% to CNY 15,055,388.35, mainly due to an increase in third-generation handling fee rebates[12]. - Operating income decreased by 37.43% to CNY 122,133,245.25, primarily due to a reduction in recognized government subsidies[12]. - The company's net profit for Q1 2024 was not explicitly stated, but total operating expenses were CNY 2,743,541,976.13, compared to CNY 2,921,481,499.37 in Q1 2023, indicating a reduction of 6.1%[26]. - The company reported a decrease in commission income from brokerage services, which fell to CNY 486,011,447.92 in Q1 2024 from CNY 695,290,923.33 in Q1 2023, a decline of 30.0%[26]. - Total operating expenses decreased to ¥852,740,260.28 in Q1 2024, down 16.3% from ¥1,019,265,358.14 in Q1 2023[42]. Investment Activities - The company experienced a 119.44% increase in right-of-use assets due to new lease agreements for operational premises[11]. - In Q1 2024, the net cash flow from investment activities was RMB 9,103,162,137.55, a significant improvement compared to a net outflow of RMB -5,607,130,090.94 in Q1 2023[33]. - The company’s investment income from associates and joint ventures was CNY 103,616,111.09 in Q1 2024, down from CNY 203,986,227.26 in Q1 2023, a decrease of 49.2%[26]. - The company’s financial investments in equity instruments increased to RMB 7,981,112,812.03 from RMB 6,268,132,823.16 at the end of 2023[37]. - The cash received from other equity instrument investments in Q1 2024 was 1,367,523,685.29 RMB, with no prior year data available[48]. Shareholder Information - The number of common shareholders at the end of the reporting period was 212,372[15]. - The top ten shareholders held a total of 2,262,428,700 shares, representing 26.63% of the total shares[16].
东方证券(03958) - 2024 Q1 - 季度业绩