南华期货(603093) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 533,712,383.94, a decrease of 46.20% compared to CNY 992,083,545.23 in the same period last year[5] - Net profit attributable to shareholders was CNY 85,738,272.20, showing a slight increase of 0.13% from CNY 85,623,759.78 year-on-year[5] - The company's net profit for Q1 2025 was CNY 85,932,163.26, a slight increase from CNY 85,389,196.78 in Q1 2024, reflecting a growth of approximately 0.64%[21] - Total operating revenue for Q1 2025 was RMB 533,712,383.94, a decrease of 46.5% compared to RMB 992,083,545.23 in Q1 2024[20] - Net commission and fee income for Q1 2025 was RMB 106,600,666.42, down from RMB 136,849,177.22 in Q1 2024, reflecting a decline of 22.1%[20] - Net interest income decreased to RMB 143,051,733.44 in Q1 2025 from RMB 179,954,400.63 in Q1 2024, a drop of 20.5%[20] - Total operating expenses decreased to CNY 436,952,698.76 in Q1 2025 from CNY 894,177,844.20 in Q1 2024, indicating a reduction of about 51.2%[21] - The total operating profit for Q1 2025 was CNY 96,759,685.18, slightly down from CNY 97,905,701.03 in Q1 2024, a decrease of approximately 1.17%[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 11,758,175,827.18, a significant decline of 354.16% compared to negative CNY 2,588,971,322.30 in the previous year[5] - The net cash flow from operating activities for Q1 2025 was -CNY 11,758,175,827.18, compared to -CNY 2,588,971,322.30 in Q1 2024, showing a significant decline[24] - Cash and cash equivalents were RMB 21,945,332,043.47 as of March 31, 2025, compared to RMB 33,825,123,487.11 at the end of 2024, a decline of 35.2%[15] - Cash and cash equivalents at the end of Q1 2025 stood at CNY 8,922,205,023.40, down from CNY 5,906,446,913.27 at the end of Q1 2024[25] - Investment activities resulted in a net cash outflow of -CNY 280,588,799.79 in Q1 2025, compared to -CNY 632,574,418.36 in Q1 2024, indicating an improvement[25] - The company received CNY 59,686,920.00 from financing activities in Q1 2025, compared to CNY 84,681,800.00 in Q1 2024, reflecting a decrease of about 29.5%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 39,278,848,552.28, down 19.61% from CNY 48,863,396,701.97 at the end of the previous year[6] - Total assets as of March 31, 2025, were RMB 39,278,848,552.28, a decrease from RMB 48,863,396,701.97 as of December 31, 2024[16] - Total liabilities decreased to RMB 35,120,465,313.67 from RMB 44,738,556,613.13, indicating a reduction of 21.5%[17] - Shareholders' equity increased slightly to RMB 4,158,383,238.61 from RMB 4,124,840,088.84, reflecting a growth of 0.8%[17] - The company’s equity attributable to shareholders increased by 0.81% to CNY 4,148,722,843.97 from CNY 4,115,254,867.13 at the end of the previous year[6] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,413[10] - The largest shareholder, Hengdian Group Holdings Co., Ltd., held 69.68% of the shares, totaling 425,120,900 shares[12] Other Financial Metrics - The weighted average return on equity was 2.07%, a decrease of 0.21% from 2.28% in the same period last year[6] - The company reported non-recurring gains and losses totaling CNY 88,583.55 for the period[8] - The company reported a total comprehensive income of CNY 79,478,697.11 for Q1 2025, compared to CNY 100,346,498.36 in Q1 2024, a decrease of approximately 20.8%[22] - The basic and diluted earnings per share remained stable at CNY 0.14 for both Q1 2025 and Q1 2024[22] - The company reported a net loss from fair value changes of RMB 2,515,747.43 in Q1 2025, contrasting with a gain of RMB 114,175,888.10 in Q1 2024[20] - Investment income for Q1 2025 was RMB 15,486,509.87, a significant recovery from a loss of RMB 144,607,619.21 in Q1 2024[20] - Other business income fell to RMB 271,115,025.64 in Q1 2025, down 60.9% from RMB 693,164,662.69 in Q1 2024[20] - The decline in operating revenue was primarily due to the implementation of net income recognition for certain trading activities as mandated by the China Futures Association[9]