2024-04-29 10:54Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,204,205,085.90, a decrease of 19.85% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 682,436,814.38, down 28.75% year-over-year[4] - Basic earnings per share decreased by 31.58% to CNY 0.13[4] - The company’s net profit for Q1 2024 was ¥840,085,622.61, down from ¥1,215,662,496.40 in Q1 2023, indicating a decline of about 30.8%[22] - Net profit for Q1 2024 was CNY 688.5 million, a decrease from CNY 970.3 million in Q1 2023, representing a decline of approximately 29.1%[23] - Total comprehensive income for Q1 2024 was CNY 766.1 million, down from CNY 1,047.1 million in Q1 2023, reflecting a decrease of about 26.8%[23] - The company reported a net profit of RMB 626,803,323.06 for Q1 2024, down 13.5% from RMB 724,478,331.87 in Q1 2023[30] Cash Flow - The net cash flow from operating activities increased by 91.75% to CNY 4,432,774,445.28[7] - Cash flow from operating activities for Q1 2024 was CNY 4.43 billion, an increase from CNY 2.31 billion in Q1 2023, showing a growth of approximately 92%[24] - The company reported a decrease in cash received from operating activities, totaling CNY 20.46 billion in Q1 2024, down from CNY 21.77 billion in Q1 2023[24] - The company’s net cash flow from operating activities was positively impacted by a significant increase in cash received from investment recoveries, totaling CNY 15.89 billion in Q1 2024, compared to CNY 3.28 billion in Q1 2023[24] - The net cash flow from operating activities was 3,158,963,279.34, a decrease of 23.8% compared to 4,143,884,307.72 from the previous period[32] - The net cash flow from investing activities was 6,542,986,602.32, a significant improvement from a negative cash flow of -4,971,863,222.11 in the previous period[32] - Cash inflow from investment recoveries was 15,887,116,604.20, a significant increase from 3,270,750,353.12 in the previous period[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 246,030,184,544.10, a decrease of 5.23% from the previous year[5] - Total assets decreased to ¥246,030,184,544.10 from ¥259,604,027,406.28, a decline of approximately 5.2%[21] - Total liabilities decreased to ¥177,368,703,671.09 from ¥191,708,638,749.90, representing a reduction of about 7.5%[21] - The company’s total liabilities to equity ratio improved to 2.62 from 2.83, indicating a stronger equity position relative to liabilities[21] Equity and Shareholder Information - The company’s total equity attributable to shareholders increased by 1.13% to CNY 67,848,638,042.80[5] - The total equity attributable to shareholders increased to ¥67,848,638,042.80 from ¥67,088,608,369.86, an increase of approximately 1.1%[21] - The company has a total of 10 major shareholders, with China Everbright Group holding the largest share of 1.16 billion ordinary shares[12] - The total number of ordinary shareholders was 175,629, with 175,470 being A-share shareholders, showing a stable shareholder base[12] - The number of H-share registered shareholders was 159, indicating a diversified shareholder structure[12] Investment Performance - Investment income showed a significant decline of 209.54%, amounting to a loss of CNY 726,736,930.17 due to market fluctuations[8] - The company reported an investment loss of ¥726,736,930.17 in Q1 2024, compared to a gain of ¥663,448,097.89 in Q1 2023[22] - The company experienced a significant investment loss of RMB 765,534,007.77 in Q1 2024, contrasting with a gain of RMB 561,685,795.54 in Q1 2023[28] Other Financial Metrics - The weighted average return on net assets was 1.01%, down 0.56 percentage points from the end of the previous year[5] - The fair value change income was CNY 1,350,895,895.90, an increase of 338.19%[8] - The fair value gains increased significantly to RMB 1,326,589,189.12 compared to RMB 320,806,703.07 in the previous year[28] - The company’s cash and cash equivalents decreased to ¥35,386,530,108.72 from ¥42,110,634,440.47, a decline of approximately 16%[22] - The ending balance of cash and cash equivalents was 48,376,502,929.43, slightly down from 48,421,880,787.63 in the previous period[32] Accounting Standards - The company did not apply new accounting standards starting in 2024[33]