Zhongtai Securities(SH:600918)2024-04-29 12:27Financial Performance - The company's operating revenue for Q1 2024 was ¥2,539,079,317.87, a decrease of 28.88% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥331,384,466.85, down 71.25% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥307,102,038.56, a decrease of 34.83%[7]. - Basic and diluted earnings per share were both ¥0.04, reflecting a decline of 75.00%[7]. - Total revenue for Q1 2024 was CNY 2,539,079,317.87, a decrease of 29% compared to CNY 3,570,214,868.97 in Q1 2023[25]. - Net profit for Q1 2024 was CNY 348,692,490.96, down 71.2% from CNY 1,194,808,984.97 in Q1 2023[26]. - The company reported a decrease in investment income to CNY 254,978,338.70 in Q1 2024, down 70.9% from CNY 878,833,624.18 in Q1 2023[25]. - Basic earnings per share for Q1 2024 were CNY 0.04, a decline of 75% from CNY 0.16 in Q1 2023[27]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥4,552,904,639.62, an increase of 1,387.08% compared to the previous year[7]. - In Q1 2024, the net cash flow from operating activities was $4.55 billion, a significant increase from $306.16 million in Q1 2023, reflecting a year-over-year growth of approximately 1,384%[30]. - Total cash inflow from operating activities reached $13.33 billion in Q1 2024, compared to $6.95 billion in Q1 2023, indicating a growth of about 92%[30]. - The net cash outflow from investment activities was -$337.90 million in Q1 2024, a decline from a net inflow of $718.46 million in Q1 2023[30]. - Cash inflow from financing activities amounted to $12.43 billion in Q1 2024, up from $5.01 billion in Q1 2023, representing a growth of approximately 148%[30]. - The net cash flow from financing activities was $3.02 billion in Q1 2024, compared to a negative $710.11 million in Q1 2023, showing a turnaround in financing performance[30]. - The total cash and cash equivalents at the end of Q1 2024 were $67.55 billion, an increase from $64.82 billion at the end of Q1 2023[31]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥203,683,063,256.29, representing a 4.10% increase from the end of the previous year[8]. - Total assets increased to CNY 203,683,063,256.29 in Q1 2024, up from CNY 195,658,686,810.89 in Q1 2023, representing a growth of 4.2%[24]. - Total liabilities rose to CNY 161,011,192,311.71 in Q1 2024, compared to CNY 153,330,557,169.83 in Q1 2023, an increase of 5.4%[24]. - The company’s total equity increased slightly to CNY 42,671,870,944.58 in Q1 2024 from CNY 42,328,129,641.06 in Q1 2023[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 118,268[12]. - The top ten shareholders include significant stakes from entities such as 德州禹佐投资中心 (2.36%) and 山东永通实业有限公司 (1.10%) as of the reporting period[13]. - The company has not identified any additional related party relationships among shareholders beyond those disclosed[13]. Corporate Governance - The board of directors and supervisory board are undergoing a renewal process, with elections scheduled for April 29, 2024[17]. - The company is focused on maintaining operational continuity through the extension of the current board's term until the upcoming elections[17]. Operational Developments - The company established one new branch and relocated three branches during the first quarter of 2024[19]. - The company plans to focus on enhancing its asset management and investment banking services to drive future growth[25].