BOCIC(SH:601696)2024-04-29 11:21Financial Performance - The company's operating revenue for Q1 2024 was ¥615,486,984.34, representing a decrease of 10.07% compared to the same period last year[4] - The net profit attributable to shareholders was ¥202,311,003.28, down 19.92% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥199,879,829.64, a decrease of 18.77% compared to the previous year[4] - The basic earnings per share for Q1 2024 was ¥0.07, a decrease of 19.92% year-on-year[4] - The diluted earnings per share also stood at ¥0.07, down 19.92% compared to the same period last year[4] - The weighted average return on equity was 1.17%, a decrease of 0.36 percentage points year-on-year[4] - Total operating revenue for Q1 2024 was $615.49 million, a decrease of 10.1% compared to $684.37 million in Q1 2023[20] - Net profit for Q1 2024 was $202.48 million, down 20% from $252.81 million in Q1 2023[20] - Basic earnings per share for Q1 2024 were $0.07, down from $0.09 in Q1 2023[21] - The company reported an investment loss of $50.62 million in Q1 2024, contrasting with a gain of $103.37 million in Q1 2023[20] - The total operating expenses for Q1 2024 were $385.01 million, a slight decrease from $391.64 million in Q1 2023[20] Cash Flow and Assets - The net cash flow from operating activities was ¥1,937,068,091.78, with no applicable year-on-year comparison[4] - As of March 31, 2024, the company's cash and cash equivalents amounted to ¥20,358,851,999.01, a decrease from ¥21,355,647,190.69 as of December 31, 2023, representing a decline of approximately 4.67%[18] - The company’s receivables decreased to ¥166,139,897.27 from ¥250,361,690.46, a decline of approximately 33.47%[18] - The company recorded a net decrease of 5,109,341,412.45 in financial assets held for trading in Q1 2024, compared to no such decrease in Q1 2023[22] - The total cash and cash equivalents at the end of Q1 2024 stood at 26,074,243,953.17, down from 29,370,747,191.17 at the end of Q1 2023[23] - The total cash inflow from investment activities was 339,617,280.39, while cash outflow was 2,192,692,070.35, resulting in a net cash flow of (1,853,074,789.96) for the quarter[22] - The net cash flow from financing activities was (1,086,769,871.85), down from a net inflow of 2,193,839,210.67 in the same quarter last year[23] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥62,887,131,722.61, down 9.44% from the end of the previous year[5] - Total assets decreased from $69.45 billion in the previous year to $62.89 billion in Q1 2024, a decline of approximately 9.1%[19] - Total liabilities decreased from $52.22 billion to $45.45 billion, representing a reduction of about 12.5%[19] - The company's equity attributable to shareholders increased to ¥17,431,272,470.32, reflecting a growth of 1.25% compared to the end of the previous year[5] - The company's equity attributable to shareholders increased from $17.22 billion to $17.43 billion, an increase of approximately 1.3%[19] Business Developments - The company established three new securities business branches in the first quarter of 2024, enhancing its market presence[14] - The company appointed a new compliance director, Mr. Shen Feng, pending regulatory approval, following the resignation of the previous compliance director[16] - The company reported a significant increase in the number of shares lent out under the stock borrowing and lending program, with 1,569,800 shares lent out, representing 0.06% of total shares[13] - The company’s market expansion strategy includes the establishment of new branches to enhance service delivery and customer reach[14] Other Financial Information - The company did not report any cash inflow from securities trading in Q1 2024, contrasting with 969,486,253.86 in Q1 2023[22] - Interest, fees, and commissions received amounted to 820,907,844.78, a decrease from 894,002,862.46 in the previous year[22] - The company has not adopted new accounting standards for the year 2024[24] - The company’s management team includes Ning Min as the head and Liu Guoqiang as the chief accountant[24]