SHCF(600621)2023-10-27 16:00Financial Performance - Revenue for the third quarter was RMB 499,981,521.85, a decrease of 19.60% year-over-year[6] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 249,138,465.61, an increase of 397.31% year-over-year[6] - Basic earnings per share for the third quarter were RMB 0.23, an increase of 360.00% year-over-year[6] - Total revenue for the first three quarters of 2023 was RMB 1,531,910,063.57, a decrease compared to RMB 1,898,095,735.51 in the same period of 2022[28] - Net profit for the first three quarters of 2023 was RMB 418,402,301.83, an increase from RMB 245,419,493.52 in the same period of 2022[28] - Net profit attributable to parent company shareholders increased to RMB 415.28 million, up 70% from RMB 244.27 million in the same period last year[30] - Comprehensive income totaled RMB 428.56 million, a 77% increase from RMB 242.34 million in the previous year[30] - Basic earnings per share rose to RMB 0.39, up 70% from RMB 0.23 in the same period last year[30] Asset and Liability Changes - Total assets as of the end of the third quarter were RMB 37,734,236,454.23, an increase of 7.70% compared to the end of the previous year[6] - Monetary funds as of September 30, 2023, were RMB 6,950,056,759.99, a decrease from RMB 8,701,784,834.03 at the end of 2022[25] - Trading financial assets as of September 30, 2023, were RMB 16,575,855,042.27, a significant increase from RMB 9,345,190,384.85 at the end of 2022[25] - Total assets increased to 37,734,236,454.23, up from 35,035,478,696.98 in the previous period[35] - Non-current assets rose to 2,355,302,506.92, compared to 1,898,837,437.36 previously[35] - Current liabilities totaled 22,746,531,276.22, with a slight increase to 22,748,640,019.52[33] - Deferred tax assets grew by 44,056,912.88, reaching 148,266,916.84[33] - Buyback financial assets surged to 2,113,907,384.99, up from 1,275,806,515.14[35] - Short-term borrowings decreased to 218,131,905.09, down from 199,082,739.13[35] - Payables for securities trading dropped to 11,829,468,960.52, from 10,383,787,063.36[35] - Deferred tax liabilities increased by 41,889,010.11, reaching 100,939,903.25[33] - Intangible assets stood at 166,213,390.51, up from 142,129,006.78[35] - Total liabilities for current and non-current categories showed a combined increase, reflecting higher financial obligations[33][35] - Total liabilities increased to 29.88 billion CNY, up from 27.50 billion CNY in the previous period[36] - Current liabilities rose to 26.19 billion CNY, compared to 22.75 billion CNY previously[36] - Non-current liabilities decreased to 3.69 billion CNY from 4.75 billion CNY[36] - Total owner's equity increased to 7.86 billion CNY, up from 7.53 billion CNY[36] - Unallocated profit grew to 4.52 billion CNY, compared to 4.23 billion CNY previously[36] - Short-term financing liabilities decreased to 1.26 billion CNY from 2.47 billion CNY[36] - Bonds payable reduced to 2.50 billion CNY from 3.60 billion CNY[36] - Lease liabilities decreased to 81.70 million CNY from 95.97 million CNY[36] - Deferred tax liabilities increased to 110.46 million CNY from 59.05 million CNY[36] Shareholder and Equity Information - The top shareholder, Shanghai Instrumentation (Group) Co., Ltd., holds 34.12% of the company's shares[14] - The second-largest shareholder, Huaxin Real Estate (Group) Co., Ltd., holds 13.15% of the company's shares[14] - The third-largest shareholder, Shanghai Guosheng Group Asset Co., Ltd., holds 9.99% of the company's shares[17] - Shareholder Zhou Jie holds 2,800,182 shares through a margin trading account[21] - Shanghai Guosheng Group Asset Co., Ltd. participated in securities lending business with a cumulative volume of 10.6055 million shares from January 1 to September 30, 2023[21] Cash Flow and Investment Activities - The decrease in operating cash flow was primarily due to a reduction in net inflows from financing activities and a net outflow of customer funds compared to the previous period[13] - Cash flow from operating activities was negative RMB 355.86 million, compared to positive RMB 1.57 billion in the previous year[31] - Cash flow from investing activities was positive RMB 366.25 million, a 229% increase from RMB 111.15 million in the same period last year[31] - Cash flow from financing activities was negative RMB 1.95 billion, compared to negative RMB 1.01 billion in the previous year[31] - Cash and cash equivalents decreased by RMB 1.94 billion, compared to an increase of RMB 675 million in the same period last year[31] - Investment income for the first three quarters of 2023 was RMB 617,126,547.27, significantly higher than RMB 198,537,443.39 in the same period of 2022[28] Revenue and Expense Breakdown - Revenue from sales of goods and services dropped to RMB 6.69 million, down 93% from RMB 95.10 million in the previous year[31] - Interest and commission income decreased to RMB 1.59 billion, down 17% from RMB 1.90 billion in the same period last year[31] - Repurchase business funds increased to RMB 6.74 billion, up 147% from RMB 2.73 billion in the previous year[31] - The company's interest income for the first three quarters of 2023 was RMB 464,067,233.03, a slight decrease from RMB 493,840,913.70 in the same period of 2022[28] - The company's financial expenses for the first three quarters of 2023 were RMB 3,327,316.30, a decrease from RMB 4,932,975.34 in the same period of 2022[28] Corporate Actions and Strategic Moves - The company's subsidiary, Huaxin Securities, transferred 36% of its shares in Morgan Stanley Huaxin Fund Management Co., Ltd., contributing to the significant increase in net profit[13] - The company terminated its private placement of A shares and withdrew the application documents on August 7, 2023[22] Profitability Metrics - The weighted average return on equity for the third quarter was 3.26%, an increase of 2.57 percentage points year-over-year[6]