Hongta Securities(601236)2024-04-29 10:51Financial Performance - The company's operating revenue for Q1 2024 was CNY 387,780,236.71, representing a decrease of 20.89% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 119,567,040.11, down 46.95% year-on-year[4]. - The basic earnings per share decreased by 40.00% to CNY 0.03[4]. - Net profit for Q1 2024 was ¥120,195,235.96, down 46.6% from ¥224,585,202.44 in Q1 2023[19]. - Total operating revenue for Q1 2024 was ¥387,780,236.71, a decrease of 20.9% compared to ¥490,156,104.45 in Q1 2023[18]. - Investment income surged to ¥121,308,435.77 in Q1 2024, compared to ¥46,469,308.01 in Q1 2023, marking a significant increase of 161.9%[19]. - Total operating expenses rose to ¥239,320,169.33 in Q1 2024, up from ¥218,397,626.55 in Q1 2023, an increase of 9.5%[19]. - The company recorded a total comprehensive income of ¥293,803,323.47 in Q1 2024, compared to ¥271,849,209.08 in Q1 2023, reflecting an increase of 8.5%[20]. - Basic earnings per share for Q1 2024 were ¥0.03, down from ¥0.05 in Q1 2023[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 50,141,895,047.81, an increase of 6.68% from the end of the previous year[5]. - The company's cash and cash equivalents decreased to ¥4,586,119,450.10 from ¥5,080,434,543.72, a decline of about 9.74%[15]. - The total liabilities increased to ¥26,510,657,166.36 from ¥23,663,020,983.85, marking an increase of approximately 12.4%[16]. - The company's equity attributable to shareholders rose to ¥23,390,305,931.64 from ¥23,097,130,804.02, reflecting an increase of about 1.27%[17]. - The company's financial investments in trading financial assets decreased to ¥12,537,555,710.23 from ¥13,521,798,858.35, a decline of approximately 7.3%[16]. - The company reported a significant increase in other debt investments, which rose to ¥20,555,338,262.00 from ¥16,725,072,643.00, representing a growth of about 22.1%[16]. - The company's short-term financing payables increased to ¥1,466,069,792.42 from ¥845,716,392.41, an increase of approximately 73.5%[16]. Cash Flow - The net cash flow from operating activities was CNY 335,549,013.31, with a significant increase in funds from repurchase business compared to the previous year[4][8]. - The company reported a net cash inflow from operating activities of ¥335,549,013.31 in Q1 2024, a turnaround from a net outflow of ¥4,344,124,876.14 in Q1 2023[22]. - Cash flow from financing activities in Q1 2024 included cash inflow of ¥2,353,370,000.00 from bond issuance, compared to ¥3,552,126,000.00 in Q1 2023[22]. - The net cash flow from financing activities was -$582.52 million, compared to -$545.96 million in the previous period, indicating a decline in financing efficiency[23]. - The total cash outflow from financing activities amounted to $2.94 billion, down from $4.10 billion year-over-year[23]. - The net increase in cash and cash equivalents was -$254.84 million, a significant improvement from -$4.90 billion in the previous year[23]. - The ending balance of cash and cash equivalents was $5.77 billion, compared to $5.61 billion in the previous period, showing a slight increase[23]. - The beginning balance of cash and cash equivalents was $6.03 billion, indicating a decrease in available cash compared to the previous year[23]. Shareholder Information - The company reported a total of 95,504 shareholders at the end of the reporting period[9]. - The largest shareholder, Yunnan Hehe (Group) Co., Ltd., held 1,423,110,055 shares, accounting for 30.17% of the total shares[9]. Other Information - The company did not disclose any new product developments or market expansion strategies in this report[4][6]. - The company has ongoing litigation and arbitration matters, but there have been no significant developments during the reporting period[14]. - The weighted average return on net assets decreased by 0.45 percentage points to 0.51%[5]. - The net profit after deducting non-recurring gains and losses was CNY 119,014,711.03, a decrease of 46.27% due to market fluctuations affecting the fair value changes of trading financial assets[7]. - The company's retained earnings increased to ¥2,966,987,525.19 from ¥2,848,668,716.86, reflecting a growth of about 4.15%[17]. - The company’s derivative financial assets increased significantly to ¥10,433,336.50 from ¥1,175,695.00, marking an increase of approximately 786.5%[15]. - Net interest income increased to ¥105,471,428.44 in Q1 2024 from ¥83,373,278.49 in Q1 2023, representing a growth of 26.5%[18]. - The company experienced a significant increase in net cash received from interest, fees, and commissions, totaling ¥324,531,314.35 in Q1 2024, compared to ¥246,549,765.11 in Q1 2023, an increase of 31.6%[21].