2024-04-29 11:28Financial Performance - Total revenue for Q1 2024 was CNY 6,105,433,969.17, a decrease of 32.11% compared to the same period last year[6] - Net profit attributable to shareholders was CNY 2,291,192,821.36, down 29.39% year-on-year[6] - Basic earnings per share decreased by 31.43% to CNY 0.24[6] - Total operating revenue for Q1 2024 was RMB 6,105,433,969.17, a decrease of 32.5% compared to RMB 8,993,372,542.39 in Q1 2023[20] - Net profit for Q1 2024 was RMB 2,376,367,820.91, down 28.2% from RMB 3,310,926,801.05 in Q1 2023[20] - Investment income for Q1 2024 was RMB 939,296,842.21, significantly lower than RMB 6,319,462,816.29 in Q1 2023, reflecting a decline of 85.2%[20] - Net profit for Q1 2024 was ¥2,045,642,343.61, a decrease of 34.2% compared to ¥3,106,590,695.94 in Q1 2023[28] - The total comprehensive income for Q1 2024 was RMB 2,451,013,293.65, down from RMB 3,055,727,503.08 in Q1 2023[21] - The total comprehensive income for Q1 2024 was ¥2,092,392,043.41, down from ¥3,112,670,863.00 in the previous year[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 862,622,619,994.95, a decrease of 4.74% from the end of the previous year[6] - Total liabilities decreased to ¥677.90 billion, down 6.26% from ¥723.29 billion at the end of 2023[18] - The total assets amounted to 676,399,801,362.61 RMB, a slight decrease from 683,480,651,985.23 RMB year-over-year[25] - The total liabilities decreased to 519,237,850,089.86 RMB from 528,427,439,324.59 RMB, indicating a reduction in the company's debt obligations[26] Cash Flow - Cash flow from operating activities was CNY 31,561,978,337.69, with no applicable change percentage[6] - Net cash flow from operating activities for Q1 2024 was RMB 31,561,978,337.69, a recovery from a negative cash flow of RMB -37,755,343,658.31 in Q1 2023[22] - Cash flow from operating activities showed a net inflow of ¥22,862,440,726.07, a significant recovery from a net outflow of ¥33,071,574,734.52 in the same period last year[30] - The net cash flow from financing activities was -20,955,155,720.61 RMB, contrasting with a positive net cash flow of 10,364,793,688.36 RMB in the previous year, highlighting increased financial strain[23] - The net increase in cash and cash equivalents was $8.67 billion, contrasting with a decrease of $26.70 billion in the previous period[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 230,499[11] - Major shareholder Jiangsu Guoxin Group Co., Ltd. held 15.21% of shares, totaling 1,373,481,636 shares[11] - As of the end of the reporting period, the total share capital of the company is 9,029,384,840 shares, with A shares accounting for 81% (7,310,339,160 shares) and H shares accounting for 19% (1,719,045,680 shares) [15] - The total number of A share shareholders is 223,614, while H share registered shareholders number 6,885 [13] Investment Activities - Investment income dropped by 85.14% to CNY 939,296,842.21 due to reduced realized gains from investment activities[10] - The total financial investments, including trading and debt investments, remained stable, with trading financial assets at ¥371.40 billion, down from ¥413.46 billion[17] - The company reported a substantial increase in cash received from the disposal of trading financial assets, amounting to ¥9,439,837,074.07[30] Operational Changes - The company’s wholly-owned subsidiary, Huatai Securities (Shanghai) Asset Management Co., Ltd., has undergone a change in general manager from Mr. Nie Tingjin to Mr. Jiang Xiaoyang during the reporting period [15] - The company’s controlling subsidiary, Jiangsu Equity Exchange Center, has a change in chairman from Mr. Sun Hanlin to Mr. Zhang Anzhong during the reporting period [15] Future Outlook - The company's net profit for the first quarter of 2024 is expected to show a positive trend, driven by improved market conditions and strategic initiatives[19] - The company plans to expand its market presence through new product offerings and technological advancements in the upcoming quarters[19] - The company is focusing on enhancing its digital capabilities and customer service to attract more clients and improve retention rates[19]