东方财富Q3营收同比翻倍，净利大增78%，佣金与两融业务驱动增长 | 财报见闻

Core Insights - The company reported a significant increase in net profit by 78% in Q3, with total operating revenue reaching 4.73 billion yuan, a year-on-year growth of 100.65% [1][5] - The primary driver of this performance was the securities business, particularly the substantial growth in commission and fee income [2] Financial Performance - Total operating revenue for the first three quarters was 11.59 billion yuan, reflecting a year-on-year increase of 58.67% [2] - Net commission and fee income reached 6.64 billion yuan, up 86.79% from 3.56 billion yuan in the previous year [2] - Interest income from margin financing also contributed significantly, totaling 2.40 billion yuan, a 59.71% increase [2] Balance Sheet and Cash Flow - The company's total assets expanded to 380.25 billion yuan, a 24.12% increase from the beginning of the year [3] - However, the net cash flow from operating activities was -6.59 billion yuan, a stark contrast to the net inflow of 64.12 billion yuan in the previous year, marking a decline of 110.27% [3] - The liabilities also increased, with short-term financing and bond payables rising significantly by 71.55% and 57.60%, respectively [3] Earnings Metrics - Basic and diluted earnings per share were both reported at 0.2234 yuan, an increase of 77.58% [1] - The weighted average return on equity was 4.05%, up by 1.44% compared to the previous year [1]