YXCHC(SZ:000987)2022-12-03 09:56Group 1: Financial Performance - In Q1 2018, revenue decreased to 1.281 billion CNY, a decline of 0.03 billion CNY year-on-year [1] - Net profit fell to 158 million CNY, down by 0.85 billion CNY compared to the previous year [1] - The decline in performance was primarily due to the poor results from Guangzhou Securities, influenced by significant market fluctuations [2] Group 2: Business Stability and Future Plans - Other business segments such as financing leasing, industrial funds, and department stores maintained stable operations [1] - Guangzhou Securities plans to enhance its core businesses (brokerage, investment banking, and investment) while nurturing potential areas (private equity and alternative investments) [2] - The company aims to improve its operational performance by increasing capital allocation in fixed income business and enhancing research capabilities in equity trading [2] Group 3: Regulatory Impact - New asset management regulations are expected to affect Guangzhou Securities' asset management operations, prompting a shift towards net value products [3] - The company is committed to optimizing client selection and ensuring risk control in its financing leasing business, particularly with local government financing platforms [3] - Strengthened regulation of financial holding companies is anticipated to benefit the sustainable development of Yuexiu Financial Holdings [4] Group 4: Communication and Compliance - The company ensured thorough communication with investors during the meeting, adhering to disclosure regulations to maintain transparency [4] - No significant undisclosed information leaks occurred, and the company complied with the Shenzhen Stock Exchange's requirements [4]