东方证券(600958) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥3,610,537,317.89, representing a decrease of 18.63% compared to the same period last year[4] - Net profit attributable to shareholders was ¥886,228,868.51, down 37.94% year-on-year[4] - The company's basic earnings per share were ¥0.10, reflecting a decrease of 37.50% year-on-year[4] - In Q1 2024, the total revenue of Dongfang Securities was CNY 3,610,537,317.89, a decrease of 18.7% compared to CNY 4,436,963,376.43 in Q1 2023[16] - Net interest income for Q1 2024 was CNY 298,879,584.99, down from CNY 417,010,825.54 in Q1 2023, reflecting a decline of 28.3%[18] - The net profit attributable to shareholders in Q1 2024 was CNY 886,228,868.51, a decrease of 37.9% from CNY 1,428,089,623.65 in Q1 2023[19] - The operating profit for Q1 2024 was CNY 866,995,341.76, a decline of 42.8% compared to CNY 1,515,481,877.06 in Q1 2023[18] - The company reported a total comprehensive income of CNY 1,379,333,071.19 in Q1 2024, compared to CNY 1,814,600,355.80 in Q1 2023, representing a decrease of 24.0%[19] - Basic earnings per share for Q1 2024 were CNY 0.10, down from CNY 0.16 in Q1 2023, reflecting a decline of 37.5%[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥22,798,135,086.96, indicating a significant decline in cash inflows from operations[4] - In Q1 2024, the net cash flow from operating activities was -22,798,135,086.96 RMB, compared to -14,770,666,413.98 RMB in Q1 2023, indicating a significant decline[20] - Total cash inflow from operating activities was 10,456,068,406.45 RMB, down from 16,684,402,847.92 RMB in the same period last year[20] - The company reported a net cash outflow from operating activities of CNY -7,551,559,687.86 in Q1 2024, compared to a net inflow of CNY 1,994,912,583.88 in Q1 2023[29] - The net increase in cash from investment activities was CNY 10,066,218,284.77 in Q1 2024, a turnaround from a net outflow of CNY -4,626,836,223.18 in Q1 2023[29] - The company experienced a net cash outflow from financing activities of -5,580,927,763.69 RMB in Q1 2024[22] - The net cash flow from financing activities was -5,185,847,616.93 CNY, indicating a significant outflow compared to the previous period[30] - The net increase in cash and cash equivalents was -2,674,768,883.98 CNY, reflecting a decrease in liquidity[30] - The ending balance of cash and cash equivalents was 39,665,971,534.60 CNY, down from the beginning balance of 42,340,740,418.58 CNY[30] - The company reported a cash outflow of 6,738,257,893.27 CNY for debt repayment during the period[30] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥353,279,284,938.62, a decrease of 7.93% from the end of the previous year[5] - The company's total assets as of March 31, 2024, amount to 353,279,284,938.62 RMB, a decrease from 383,690,461,669.31 RMB at the end of 2023[14] - The total liabilities as of March 31, 2024, are 1,364,148,613.29 RMB in short-term loans and 15,116,252,577.12 RMB in borrowed funds[14] - Total liabilities decreased to CNY 194,346,773,065.81 in Q1 2024 from CNY 209,119,714,522.19 in Q1 2023[25] - The total liabilities included short-term financing payables of 2,954,975,420.75 RMB as of March 31, 2024[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 212,372[10] - The largest shareholder, Sheneng Group Co., Ltd., holds 2,262,428,700 shares, representing 26.63% of total shares[11] - The second largest shareholder, Hong Kong Central Clearing Limited, holds 1,027,023,144 shares, representing 12.09% of total shares[11] - The company has not identified any significant changes in shareholder relationships or actions during the reporting period[12] Investment and Income - The company reported a significant decrease in investment income, which was ¥403,449,885.03, down 49.47% year-on-year[8] - The net fee and commission income for Q1 2024 was CNY 1,246,485,213.57, down 24.6% from CNY 1,653,716,143.98 in Q1 2023[18] - The company reported a decrease in net commission and fee income to CNY 581,505,429.14 in Q1 2024 from CNY 663,142,123.55 in Q1 2023[26] - Investment income for Q1 2024 was CNY 1,300,079,232.24, a significant increase from CNY 1,055,145,819.57 in Q1 2023[26] Other Financial Metrics - The weighted average return on equity was 1.11%, a decrease of 0.76 percentage points compared to the previous year[4] - The risk coverage ratio decreased to 353.32% from 365.27% in the previous year[9] - The liquidity coverage ratio was 198.21%, down from 203.97% at the end of the previous year[9] - The company reported a decrease in derivative financial assets to 1,993,156,090.59 RMB from 1,877,650,308.11 RMB[14] - The company’s goodwill remains unchanged at 32,135,375.10 RMB[14] - The company did not apply new accounting standards or interpretations for the first execution year[30]