东兴证券(601198) - 2024 Q1 - 季度财报

Revenue and Profit Performance - Revenue for the first quarter of 2024 reached RMB 1,979,949,953.11, a year-on-year increase of 112.56%[4] - Net profit attributable to shareholders of the listed company was RMB 360,482,486.30, up 64.28% compared to the same period last year[4] - The increase in revenue was mainly driven by growth in bulk commodity sales and investment business income[7] - Total operating revenue for Q1 2024 reached 1.98 billion yuan, a significant increase from 931.48 million yuan in Q1 2023[17] - Net profit attributable to parent company shareholders increased to 360.48 million yuan in Q1 2024 from 219.44 million yuan in Q1 2023[18] - Total operating revenue increased to 992,950,138.63 RMB in Q1 2024, up 45.7% from 681,371,961.21 RMB in Q1 2023[23] - Net profit rose to 331,323,242.38 RMB in Q1 2024, a 103.6% increase from 162,732,283.39 RMB in Q1 2023[24] Cash Flow and Financial Activities - Net cash flow from operating activities was RMB -5,284,546,077.14, a decrease of 549.06% year-on-year[4] - The significant decrease in net cash flow from operating activities was primarily due to the increase in net purchases or disposals of trading financial assets[7] - Cash flow from operating activities totaled 8.63 billion yuan in Q1 2024, compared to 4.26 billion yuan in Q1 2023[18] - Net cash flow from operating activities was -5.284 billion yuan, a significant decrease compared to 1.177 billion yuan in the previous period[20] - Net cash flow from investing activities increased to 7.675 billion yuan, up from 1.156 billion yuan in the previous period[20] - Net cash flow from financing activities was -1.150 billion yuan, an improvement from -3.125 billion yuan in the previous period[20] - Total cash and cash equivalents increased by 1.241 billion yuan, compared to a decrease of 832.574 million yuan in the previous period[20] - Operating cash flow was -6,250,882,382.53 RMB in Q1 2024, compared to 1,450,259,448.95 RMB in Q1 2023[27] - Investment cash flow surged to 8,179,856,037.91 RMB in Q1 2024, a 552.9% increase from 1,253,032,542.35 RMB in Q1 2023[27] - Financing cash flow improved to -1,098,127,240.52 RMB in Q1 2024, from -3,070,994,202.56 RMB in Q1 2023[27] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 100,236,353,321.66, a 0.96% increase from the end of the previous year[4] - Equity attributable to shareholders of the listed company was RMB 27,606,111,528.52, up 1.99% from the end of the previous year[4] - Total assets increased to 100.24 billion yuan in Q1 2024, up from 99.28 billion yuan at the end of 2023[14][15][16] - Monetary funds rose to 11.25 billion yuan, with customer deposits accounting for 9.53 billion yuan[14] - Trading financial assets surged to 30.74 billion yuan, a significant increase from 20.32 billion yuan at the end of 2023[15] - Total liabilities stood at 72.59 billion yuan, slightly up from 72.17 billion yuan at the end of 2023[15][16] - Shareholders' equity increased to 27.65 billion yuan, compared to 27.11 billion yuan at the end of 2023[16] - The company's total equity attributable to parent company shareholders reached 27.61 billion yuan, up from 27.07 billion yuan at the end of 2023[16] - Total assets increased slightly to 93.676 billion yuan from 93.145 billion yuan at the end of the previous period[21] - Client funds deposits increased to 7.781 billion yuan from 7.526 billion yuan[21] - Trading financial assets increased significantly to 28.573 billion yuan from 17.929 billion yuan[21] - Other debt investments decreased to 25.200 billion yuan from 34.027 billion yuan[21] - Total liabilities remained relatively stable at 65.653 billion yuan compared to 65.633 billion yuan[22] - Shareholders' equity increased to 28.024 billion yuan from 27.512 billion yuan[22] Earnings and Shareholder Equity - Basic earnings per share (EPS) were RMB 0.112, an increase of 64.71% compared to the same period last year[4] - The company's weighted average return on equity (ROE) increased by 0.48 percentage points to 1.32%[4] - Basic earnings per share (EPS) rose to 0.112 yuan in Q1 2024 from 0.068 yuan in Q1 2023[18] - Total comprehensive income reached 539.51 million yuan in Q1 2024, up from 415.25 million yuan in Q1 2023[18] - Comprehensive income totaled 511,889,685.19 RMB in Q1 2024, up 39.8% from 366,181,590.26 RMB in Q1 2023[24] Shareholder Information - The top shareholder, China Orient Asset Management Co., Ltd., holds 45.00% of the company's shares[9] - China Orient Asset Management Co., Ltd. holds 45% of the company's shares, totaling 1.45 billion shares[11] - Hong Kong Securities Clearing Company Ltd. holds 1.49% of shares, with 204,200 shares lent out through securities lending[11] - Agricultural Bank of China's CSI 500 ETF increased its shareholding to 0.76%, with 1.78 million shares lent out[13] Income and Expenses - Net interest income decreased to 213 million yuan in Q1 2024 from 272.61 million yuan in Q1 2023[17] - Net fee and commission income rose to 358.46 million yuan in Q1 2024, up from 303.57 million yuan in Q1 2023[17] - Investment losses amounted to 475.86 million yuan in Q1 2024, compared to a gain of 288.84 million yuan in Q1 2023[17] - Fair value change gains surged to 1.03 billion yuan in Q1 2024 from a loss of 49.32 million yuan in Q1 2023[17] - Interest income decreased to 527,953,060.71 RMB in Q1 2024, down 13.6% from 611,203,358.79 RMB in Q1 2023[23] - Fee and commission income increased slightly to 265,151,585.14 RMB in Q1 2024, up 1.0% from 262,465,633.65 RMB in Q1 2023[23] - Investment losses widened to -499,919,568.84 RMB in Q1 2024, compared to a gain of 121,315,098.99 RMB in Q1 2023[23] - Total operating expenses rose to 562,334,013.26 RMB in Q1 2024, up 29.9% from 432,752,391.26 RMB in Q1 2023[23] Client and Margin Deposits - Client margin deposits rose to 3.42 billion yuan, up from 3.14 billion yuan at the end of 2023[14] - Client funds deposits increased to 7.781 billion yuan from 7.526 billion yuan[21]