2024-04-29 11:52Financial Performance - The company's operating revenue for Q1 2024 was RMB 2,204,205,085.90, representing a decrease of 19.85% compared to the same period last year[5] - Net profit attributable to shareholders was RMB 682,436,814.38, down 28.75% year-on-year[5] - Basic and diluted earnings per share were both RMB 0.13, reflecting a decline of 31.58%[5] - Operating profit for Q1 2024 was approximately ¥845.63 million, a decrease of 30.5% compared to ¥1.22 billion in Q1 2023[36] - Net profit for Q1 2024 was approximately ¥688.50 million, down 29.0% from ¥970.27 million in Q1 2023[36] - Total comprehensive income for Q1 2024 was approximately ¥766.10 million, a decline of 26.8% compared to ¥1.05 billion in Q1 2023[36] - Net profit for Q1 2024 was CNY 626.80 million, down 13.5% from CNY 724.48 million in Q1 2023[47] - The company reported a total comprehensive income of CNY 709.86 million for Q1 2024, down from CNY 811.78 million in Q1 2023[47] Cash Flow - The net cash flow from operating activities increased by 91.75% to RMB 4,432,774,445.28, primarily due to increased cash inflows from securities trading and lending[11] - Cash flow from operating activities for Q1 2024 was approximately ¥4.43 billion, an increase of 92.0% from ¥2.31 billion in Q1 2023[37] - Cash flow from investing activities for Q1 2024 was approximately ¥3.46 billion, a significant improvement from a negative cash flow of ¥8.39 billion in Q1 2023[37] - Cash flow from financing activities for Q1 2024 resulted in a net outflow of approximately ¥11.31 billion, compared to a net outflow of ¥990.03 million in Q1 2023[38] - Cash flow from operating activities for Q1 2024 was CNY 3.16 billion, a decrease of 23.8% compared to CNY 4.14 billion in Q1 2023[49] - Cash flow from investing activities showed a net inflow of CNY 6.54 billion in Q1 2024, contrasting with a net outflow of CNY 4.97 billion in Q1 2023[49] - The net cash flow from financing activities in Q1 2024 was -$10.98 billion, a substantial decline from -$0.83 billion in Q1 2023[50] Assets and Liabilities - Total assets at the end of the reporting period were RMB 246,030,184,544.10, a decrease of 5.23% from the previous year[6] - Total assets decreased to RMB 246,030,184,544.10 as of March 31, 2024, down from RMB 259,604,027,406.28 at the end of 2023, a decline of 5.23%[30][32] - Total liabilities decreased to RMB 177,368,703,671.09 as of March 31, 2024, down from RMB 191,708,638,749.90 at the end of 2023, a reduction of 7.47%[32] - Total liabilities decreased from CNY 157.87 billion as of December 31, 2023, to CNY 143.63 billion as of March 31, 2024, representing a reduction of approximately 9%[43] - The company’s total assets decreased from CNY 224.43 billion as of December 31, 2023, to CNY 210.90 billion as of March 31, 2024, a decline of approximately 6%[43] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 175,629[16] - China Everbright Group holds 1,159,456,183 shares, representing 25.15% of total shares[17] - China Everbright Holdings Limited owns 956,017,000 shares, accounting for 20.73% of total shares[17] - Hong Kong Central Clearing (Agent) Limited possesses 703,692,990 shares, which is 15.26% of total shares[17] - The total number of A-share shareholders is 175,470, with a total of 175,629 shareholders overall[23] - The top 10 shareholders do not participate in margin financing or securities lending activities[23] - The total number of shares held by the top 10 unrestricted shareholders is 3,063,000,000 shares[21] - The top 10 unrestricted shareholders include several funds, each holding 22,716,500 shares, representing 0.49% each[21] - The company has no knowledge of any related party relationships among the major shareholders[22] - The total number of shares held by the top 10 shareholders is 3,063,000,000 shares, which is 66.67% of total shares[19] - The company has not reported any changes in the borrowing or lending of shares among the top shareholders during the reporting period[27] Investment Performance - Investment income showed a significant decline of 209.54%, amounting to a loss of RMB 726,736,930.17 due to market fluctuations[13] - The company reported a significant investment loss of RMB 726,736,930.17 in Q1 2024, compared to a profit of RMB 663,448,097.89 in Q1 2023[34] - Investment losses amounted to CNY 765.53 million in Q1 2024, compared to a profit of CNY 561.69 million in Q1 2023, indicating a significant decline[45] Future Outlook - The company plans to focus on expanding its investment banking services and enhancing its asset management capabilities in the upcoming quarters[34]