Summary by Moomoo AI
CICC announces unaudited financial statements for the first quarter of 2024. The report showed that in January-March 2024, the company's operating income was RMB3,873,747,046, a decrease of 37.61% compared to the same period last year; net profit attributable to the shareholders of the parent company was RMB1,238,666,240, a decrease of 45.13%. Basic earnings per share were $0.223, down 48.70%; weighted average net asset yield was 1.21%, down 1.29 percentage points. Total assets were RMB613,694,656,004, a decrease of 1.70% year-on-year; and total equity attributable to the shareholders of the parent company was RMB105,935,422,353, an increase of 1.27%. During the reporting period, the decrease in operating income and net profit was mainly due to a decrease in net income from financial instruments and a decrease in net income from investment banking and brokerage fees.