2024-04-29 11:25Financial Performance - The company's operating revenue for Q1 2024 was CNY 173,420,445.95, a decrease of 74.44% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was CNY -218,754,276.47, representing a decline of 205.50% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -226,728,574.83, down 211.91% from the previous year[4] - The net profit for Q1 2024 was CNY -216,647,616.36, compared to a net profit of CNY 207,346,319.54 in Q1 2023[18] - Net profit for Q1 2024 was -263,354,225.36, compared to a profit of 220,689,283.37 in Q1 2023[26] - The company reported a total comprehensive income of 97,211,031.38 for Q1 2024, down from 547,755,142.60 in Q1 2023[27] Cash Flow - The net cash flow from operating activities was CNY -1,018,886,181.06, not applicable for year-on-year comparison[4] - In Q1 2024, the company reported a net cash flow from operating activities of -1,018,886,181.06 RMB, compared to -373,105,033.42 RMB in Q1 2023, indicating a significant increase in cash outflow[21] - Cash flow from operating activities resulted in a net outflow of -1,230,557,441.19, compared to an inflow of 874,085,420.40 in the same quarter last year[28] - Total cash inflow from operating activities reached 11,379,043,727.26 RMB, up from 5,153,333,598.55 RMB in the same period last year, reflecting a growth of approximately 120%[21] - The company achieved a net cash flow from investing activities of 2,645,572,124.88 RMB, a recovery from a negative cash flow of -1,009,265,870.12 RMB in Q1 2023[21] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 93,232,012,683.67, an increase of 7.00% from the end of the previous year[5] - The total assets as of March 31, 2024, amounted to CNY 93,232,012,683.67, up from CNY 87,128,874,813.89 as of December 31, 2023[17] - Total liabilities as of March 31, 2024, were CNY 74,964,364,077.00, compared to CNY 69,005,316,900.50 at the end of 2023[17] - The company's total liabilities increased to 74,040,958,797.63 RMB from 68,127,372,370.75 RMB, indicating a rise of about 8.5%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 108,644[9] - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., holds 543,901,329 shares, accounting for 19.21% of total shares[9] - The second-largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., holds 442,495,570 shares, representing 15.63%[9] - The company has a total of 390,137,552 shares held by Guolian Trust Co., Ltd., which accounts for 13.78%[9] - The total number of A-share shareholders is 108,548, with H-share non-registered shareholders totaling 96[10] - The company’s major shareholders collectively hold 48.60% of the shares through various entities[10] - The company has no other known related party relationships or concerted actions among its major shareholders[10] Investment and Financing Activities - The company is planning to acquire control of Minsheng Securities through the issuance of A-shares, which is currently in the planning stage[14] - The company has decided to terminate the issuance of A-shares for the acquisition of Minsheng Securities due to uncertainties[13] - The company’s stock was suspended from trading on April 26, 2024, due to the planning of a major asset restructuring[14] - The company received cash from bond issuance amounting to 3,191,350,000.00 RMB in Q1 2024, down from 7,509,960,000.00 RMB in Q1 2023[23] - The cash outflow from financing activities was 2,011,857,519.48 RMB in Q1 2024, compared to 4,404,728,416.35 RMB in the same period last year, showing a decrease of approximately 54%[23] Income and Expenses - Total operating expenses for Q1 2024 were CNY 473,490,650.96, an increase from CNY 400,559,791.85 in Q1 2023[18] - Total operating expenses decreased to 299,604,125.95 from 320,620,249.13, reflecting a reduction in costs[26] - The company's interest and commission income increased to 713,497,105.29 RMB in Q1 2024 from 638,201,311.89 RMB in Q1 2023, reflecting a growth of about 11.8%[21] - The net interest income for Q1 2024 was CNY -26,790,613.64, a decline of 148.94% year-on-year[8] - Net interest income for Q1 2024 was CNY -26,790,613.64, compared to CNY 54,738,909.86 in Q1 2023[18] - Investment income showed a loss of -915,815,381.60, contrasting with a gain of 529,740,156.10 in the previous year[26] Equity and Returns - The equity attributable to shareholders of the listed company was CNY 17,910,673,625.94, up 0.80% from the end of last year[5] - The company's total equity as of March 31, 2024, was CNY 18,267,648,606.67, compared to CNY 18,123,557,913.39 at the end of 2023[17] - The company reported a total equity of 17,541,685,842.93 RMB as of March 31, 2024, slightly up from 17,444,474,811.55 RMB at the end of 2023[25] - The weighted average return on equity was -1.23%, a decrease of 2.45 percentage points compared to the previous year[4] - The basic earnings per share for Q1 2024 was CNY -0.08, down from CNY 0.07 in Q1 2023[20] Other Financial Metrics - The fair value changes in other equity investments resulted in a gain of CNY 373,708,489.64 in Q1 2024, compared to CNY 253,197,138.15 in Q1 2023[20] - The company experienced a foreign exchange gain of 39,248.23 in Q1 2024, compared to a loss of -357,138.48 in Q1 2023[29]