Financial Performance - The company's operating revenue for Q1 2023 was RMB 463,516,307.36, representing a year-on-year increase of 19.31%[5] - Net profit attributable to shareholders for the same period was RMB 70,497,329.89, showing a significant increase of 282.45% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 63,800,558.77, reflecting a year-on-year growth of 364.58%[5] - Basic and diluted earnings per share for Q1 2023 were both RMB 0.02, marking a 400% increase from the same period last year[5] - Total operating revenue for Q1 2023 was RMB 463.52 million, an increase of 19.3% compared to RMB 388.48 million in Q1 2022[19] - Net interest income rose significantly to RMB 39.69 million from RMB 9.77 million year-over-year[19] - Net profit for Q1 2023 reached RMB 66.19 million, compared to RMB 13.16 million in Q1 2022, marking a substantial increase[20] - The company achieved a total profit of RMB 70.95 million in Q1 2023, significantly up from RMB 13.85 million in Q1 2022[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 50,182,639,547.46, an increase of 7.23% from the end of the previous year[5] - As of March 31, 2023, the total assets of the company amounted to ¥53.81 billion, an increase from ¥50.18 billion as of December 31, 2022, representing a growth of approximately 5.2%[14][17] - The total liabilities increased to ¥39.55 billion from ¥35.98 billion, reflecting an increase of approximately 9.5%[16] - The company's equity attributable to shareholders rose to ¥13.81 billion from ¥13.76 billion, showing a slight increase of about 0.4%[17] Cash Flow - The net cash flow from operating activities was negative at RMB -1,887,075,641.20, primarily due to an increase in the scale of trading financial instruments[5][7] - Cash flow from operating activities showed a net outflow of RMB 1.89 billion in Q1 2023, compared to RMB 1.07 billion in Q1 2022[22] - Cash inflow from investment activities was RMB 1.07 billion in Q1 2023, a significant recovery from a net outflow of RMB 30.63 million in Q1 2022[22] - Cash outflow for debt repayment in Q1 2023 was approximately $1.90 billion, down from $4.02 billion in Q1 2022, indicating a reduction of about 52.8%[23] - The net increase in cash and cash equivalents for Q1 2023 was approximately $406.30 million, compared to a decrease of $228.58 million in Q1 2022[23] Shareholder Information - The company reported a total of 130,782 common shareholders at the end of the reporting period[8] - The top shareholder, Hong Kong Central Clearing Limited, held 25.74% of the shares, while Henan Investment Group held 17.73%[9] - 河南投资集团有限公司 holds a total of 1,023,556,847 shares, accounting for 22.05% of the company's total share capital[12] - The number of shares held by the top ten unrestricted shareholders includes 1,195,143,850 shares held by Hong Kong Central Clearing Limited, representing a significant portion of the total shares[10] Government Subsidies and Investments - The company received government subsidies amounting to RMB 9,462,931.04, which are closely related to its normal business operations[6] - The company's financial investments in trading financial assets increased to ¥25.00 billion from ¥21.61 billion, a growth of approximately 15.5%[15] - The company reported a total of ¥9.53 billion in customer deposits, an increase from ¥8.65 billion, reflecting a growth of about 10.1%[14] Other Financial Metrics - The total amount of borrowings decreased significantly from ¥66.08 million to ¥8.29 million, indicating a reduction of approximately 87.5%[16] - The company’s retained earnings increased to ¥281.21 million from ¥211.26 million, representing a growth of approximately 33%[17] - Total expenses for Q1 2023 were RMB 392.61 million, slightly higher than RMB 375.55 million in Q1 2022[19] - The company reported a fair value change gain of RMB 51.34 million in Q1 2023, contrasting with a loss of RMB 310.10 million in Q1 2022[19] Cash Management Strategy - The cash flow management strategy appears to be focused on reducing debt repayment and increasing net cash flow from financing activities[23] - Cash flow from financing activities in Q1 2023 was significantly impacted by a reduction in cash inflow from bond issuance[23] - The company has not adopted new accounting standards or interpretations affecting the financial statements for the year[23]

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.07 per 10 shares, totaling approximately RMB 32.5 million based on a total share capital of 4,642,884,700 shares as of December 31, 2022[3]. - The company does not plan to increase capital reserves or issue bonus shares in the current dividend proposal[3]. - The company has complied with tax regulations regarding dividend distribution to shareholders, with specific tax rates applied based on the holding period of shares[197]. Financial Performance - In 2022, the company's operating revenue was CNY 1,881,047,259.12, a decrease of 57.45% compared to CNY 4,420,848,497.96 in 2021[51]. - The net profit attributable to shareholders of the parent company for 2022 was CNY 106,577,985.92, down 79.23% from CNY 513,210,337.25 in 2021[51]. - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was CNY 90,234,423.35, a decline of 81.60% from CNY 490,355,011.21 in 2021[51]. - The net cash flow from operating activities for 2022 was CNY 2,002,498,853.10, compared to a negative cash flow of CNY -956,413,909.29 in 2021[51]. - The company reported a total operating income of 1.88 billion RMB in 2022, down from 4.42 billion RMB in 2021[56]. - The net profit attributable to shareholders decreased significantly by 79.24% from 513.21 million RMB in 2021 to 106.58 million RMB in 2022[56]. - Basic earnings per share dropped by 81.82% from 0.11 RMB in 2021 to 0.02 RMB in 2022[53]. - The weighted average return on equity decreased from 3.78% in 2021 to 0.78% in 2022, a decline of 3 percentage points[53]. Risk Management - The company has established a comprehensive risk management system to identify, assess, and respond to various risks, ensuring operations remain within controllable limits[4]. - The company acknowledges potential risks from changes in national macroeconomic policies and regulatory measures affecting the securities industry[4]. - The company faces various risks including credit risk, market risk, liquidity risk, and operational risk[68]. - The company has established a robust credit risk management framework, focusing on clear standards for financing parties and collateral, as well as dynamic monitoring of risk conditions[164]. - The company has implemented a strict investment authorization system to manage market risk, optimizing risk limits for self-operated fixed income business by business category[167]. Corporate Governance - The company has a governance structure that includes a shareholders' meeting, board of directors, and supervisory board, ensuring effective oversight and decision-making[30]. - The company has not violated decision-making procedures for external guarantees during the reporting period[4]. - The company has not added any significant credit risks across its business segments during the reporting period[166]. - The group has not forfeited any contributions under the pension insurance plan and the mandatory provident fund plan during the year ended December 31, 2022[194]. Market Presence and Strategy - The company emphasizes that its business and assets are primarily concentrated in the domestic market, making it highly dependent on the overall economic and market conditions in China[4]. - The company aims to leverage its extensive network in Henan to capture more market share in the securities industry[40]. - Future strategies may include further expansion into other provinces to diversify its operational footprint[41]. - The company aims to enhance its wealth management model by focusing on asset-driven strategies and integrating internal and external resources[79]. - The company plans to launch the upgraded version 5.0 of the "Faisengbao" APP to enhance digital transformation in wealth management[79]. Compliance and Regulatory Matters - The company is committed to maintaining compliance with regulatory standards across its operations[45]. - The company has established a reputation risk management system to identify, assess, and respond to reputation risks effectively[172]. - The company has implemented operational risk management measures, including the establishment of key risk indicators and loss event collection and analysis[173]. - The company has not experienced any significant liquidity risk events during the reporting period[169]. Investment and Capital Management - The company has secured a comprehensive credit line of RMB 39 billion from various financial institutions to support business development[149]. - The company is actively exploring opportunities for mergers and acquisitions to strengthen its market position[43]. - The company aims to enhance its core competitiveness and operational quality by focusing on investment banking, wealth management, proprietary investment, and asset management[161]. - The company plans to issue up to 1,392,865,410 A-shares, raising no more than RMB 7 billion, which has been approved by the shareholders' meeting and accepted by the Shanghai Stock Exchange[122]. Environmental and Social Responsibility - The company actively engages in green finance, ensuring that investment projects meet national environmental standards[74]. - The company has implemented energy-saving measures, resulting in effective reductions in electricity consumption[74]. - The total charitable and other donations made by the group during the reporting period amounted to RMB 110,110.00[193].

22 / 248 2022 年年度报告 2022 年年度报告 2022 年年度报告 中原证券股份有限公司 2022 年年度报告 重要提示 二、 公司全体董事出席董事会会议。 四、 公司负责人菅明军先生，主管会计工作负责人、总会计师李昭欣先生及会计机构负责人杨波 女士声明：保证年度报告中财务报告的真实、准确、完整。 本公司经第七届董事会第十四次会议审议2022年度利润分配预案为：每10股派发现金红利人 民币0.07元（含税）。截至2022年12月31日，公司总股本4,642,884,700股，以此计算合计拟派 发现金红利人民币32,500,192.90元（含税）。公司不进行资本公积金转增股本，不送红股。此 预案尚需本公司股东大会批准。 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投 资者及相关人士理解计划、预测与承诺之间的差异，注意投资风险。 否 否 否 公司业务、资产主要集中于国内，高度依赖国内整体经济及市场状况，国内经济形势变化及 资本市场波动，都将对公司经营业绩产生重大影响。 2 / 248 业行为违反法律法规和准则，使公司被依法追究法律责任、采取监管措 ...

Financial Performance - Operating revenue for Q3 2022 was CNY 660,001,318.17, a decrease of 41.99% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2022 was CNY 227,759,332.87, down 14.95% year-on-year[2]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 217,623,426.47, a decrease of 19.91% compared to the previous year[2]. - Basic earnings per share for the year-to-date period was CNY 0.05, a decline of 81.82% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2022 was RMB 1,447,675,458.61, a decrease of 58.3% compared to RMB 3,473,743,423.37 in the same period of 2021[14]. - Net profit for the first three quarters of 2022 was RMB 95,194,443.69, down from RMB 504,072,804.71 in 2021, a decline of 81.1%[14]. - The net profit attributable to shareholders of the parent company for Q3 2022 was ¥102,316,451.80, compared to ¥496,753,662.27 in Q3 2021, representing a significant decrease[15]. - The total comprehensive income attributable to the owners of the parent company for Q3 2022 was ¥167,095,107.17, compared to ¥497,965,538.70 in Q3 2021, indicating a decline[15]. - The basic and diluted earnings per share for Q3 2022 were both ¥0.02, down from ¥0.11 in Q3 2021[15]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 48,082,563,340.95, a decrease of 10.54% from the end of the previous year[4]. - Total assets as of September 30, 2022, were RMB 48,082,563,340.95, down from RMB 53,748,323,524.71 at the end of 2021, a decrease of 10.5%[13]. - Total liabilities decreased to RMB 33,895,518,846.21 from RMB 39,604,243,601.31, a reduction of 14.5%[12]. - The company's total equity increased slightly to RMB 14,187,044,494.74 from RMB 14,144,079,923.40, reflecting a growth of 0.3%[13]. - The company’s total liabilities to equity ratio improved to 2.39 from 2.80, indicating a stronger equity position relative to liabilities[12]. Cash Flow - The company reported a net cash flow from operating activities of CNY -801,950,688.28 for the year-to-date period[4]. - The net cash flow from operating activities for the first nine months of 2022 was -¥801,950,688.28, compared to -¥814,953,277.79 in the same period of 2021[16]. - The total cash inflow from financing activities for the first nine months of 2022 was ¥10,106,491,728.33, up from ¥9,056,046,525.00 in the same period of 2021[16]. - The net cash flow from investing activities for the first nine months of 2022 was ¥426,428,694.77, compared to ¥932,304,021.42 in the same period of 2021[16]. - The cash and cash equivalents at the end of Q3 2022 amounted to ¥13,299,200,711.19, down from ¥14,277,215,495.03 at the end of Q3 2021[16]. - The company reported a net decrease in cash and cash equivalents of -¥1,570,866,424.69 for the first nine months of 2022[16]. - The company experienced a net decrease in funds lent of ¥1,213,937,612.31 during Q3 2022[16]. - The company’s total cash inflow from operating activities for Q3 2022 was ¥7,631,376,332.03, compared to ¥6,363,033,575.01 in Q3 2021, showing an increase[16]. Income Sources - Non-operating income for Q3 2022 included government subsidies amounting to CNY 14,475,361.52, primarily related to government support[5]. - The decline in operating revenue year-to-date was primarily due to a decrease in bulk commodity sales, commission income, and fair value changes[6]. - Net interest income for the first three quarters of 2022 was RMB 81,102,914.56, down from RMB 105,018,623.57 in 2021, reflecting a decline of 22.7%[14]. - Net commission and fee income decreased to RMB 772,385,680.85 from RMB 1,176,110,582.36, representing a decline of 34.3%[14]. - Investment income increased significantly to RMB 1,096,734,474.37 from RMB 538,613,227.91, marking a growth of 103.5%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 138,847, with the largest shareholder holding 25.74% of shares[9]. - The weighted average return on equity for the year-to-date period was 1.67%, down 0.29 percentage points year-on-year[4].

Financial Performance - Operating revenue for Q3 2022 was CNY 660,001,318.17, a decrease of 41.99% compared to the same period last year[6] - Net profit attributable to shareholders of the listed company was CNY 227,759,332.87, down 14.95% year-on-year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 217,623,426.47, a decrease of 19.91% compared to the previous year[6] - The basic earnings per share for the reporting period was CNY 0.05, down 16.67% year-on-year[6] - The diluted earnings per share for the reporting period was also CNY 0.05, reflecting a decrease of 16.67% compared to the same period last year[6] - Revenue for the year-to-date period decreased by 58.33% to CNY 1,447,675,458.61, primarily due to a decline in sales of bulk commodities and commission income[8] - Net profit for the first three quarters of 2022 was RMB 95,194,443.69, down 81.1% from RMB 504,072,804.71 in the first three quarters of 2021[22] - The company’s total operating expenses for the first three quarters of 2022 were RMB 1,342,484,785.36, a decrease from RMB 2,817,491,728.47 in the same period of 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 48,082,563,340.95, a decrease of 10.54% from the end of the previous year[6] - The company's total assets as of September 30, 2022, amount to ¥48,082,563,340.95, a decrease from ¥53,748,323,524.71 as of December 31, 2021[17] - The total liabilities decreased to ¥33,895,518,846.21 from ¥39,604,243,601.31 over the same period[18] - The company’s total equity attributable to shareholders was RMB 13,745,688,476.66, an increase from RMB 13,681,883,165.28 year-over-year[20] Cash Flow - The company reported a net cash flow from operating activities of CNY -801,950,688.28 for the year-to-date period[6] - The company reported a net cash outflow from operating activities of RMB -801,950,688.28 for the first three quarters of 2022, compared to RMB -814,953,277.79 in the same period of 2021[24] - Cash inflow from investment activities for the first three quarters of 2022 was approximately $596.63 million, a decrease of 40.4% compared to $998.35 million in the same period of 2021[25] - Net cash flow from investment activities in the first three quarters of 2022 was $426.43 million, down from $932.30 million in 2021, reflecting a decline of 54.4%[25] - Total cash inflow from financing activities in the first three quarters of 2022 reached $10.11 billion, an increase of 11.6% compared to $9.06 billion in 2021[25] - Cash outflow from financing activities surged to $11.30 billion in 2022, compared to $8.21 billion in 2021, marking an increase of 37.8%[25] - Net cash flow from financing activities for the first three quarters of 2022 was negative at -$1.20 billion, contrasting with a positive flow of $846.59 million in 2021[25] - The net increase in cash and cash equivalents for the first three quarters of 2022 was -$1.57 billion, compared to an increase of $964.89 million in 2021[25] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2022 was approximately $13.30 billion, down from $14.28 billion at the end of the same period in 2021[25] Shareholder Information - The top 10 shareholders hold a total of 1,195,122,850 shares, representing 25.74% of the total shareholding[11] - Henan Investment Group Co., Ltd. holds 822,983,847 shares, accounting for 21.71% of the total share capital[15] - The company has pledged shares amounting to 65,000,000 from the second-largest shareholder, Anyang Iron and Steel Group Co., Ltd.[11] Other Financial Metrics - The weighted average return on net assets was 1.67%, a decrease of 0.29 percentage points from the previous year[6] - Non-recurring gains and losses for the reporting period amounted to CNY 10,135,906.40, with government subsidies being a significant component[7] - The company’s investment income for the first three quarters of 2022 was RMB 1,096,734,474.37, significantly up from RMB 538,613,227.91 in the same period of 2021[21] - The net interest income for the first three quarters of 2022 was RMB 81,102,914.56, down from RMB 105,018,623.57 in the first three quarters of 2021[21] - The company’s other comprehensive income after tax for the first three quarters of 2022 was RMB 64,778,655.37, compared to RMB 1,211,876.43 in the same period of 2021[22]

Financial Performance - The company's operating revenue for the reporting period was ¥787,674,140.44, a decrease of 66.28% compared to ¥2,336,041,148.75 in the same period last year[25]. - The total profit for the reporting period was -¥169,320,560.65, down 155.14% from ¥307,052,034.04 in the previous year[25]. - The net profit attributable to shareholders of the parent company was -¥125,442,881.07, a decline of 154.79% compared to ¥228,961,700.48 in the same period last year[25]. - The net cash flow from operating activities was ¥2,626,128,925.24, a significant improvement from -¥1,282,743,968.59 in the previous year[25]. - The company's basic earnings per share were -¥0.03, a decrease of 160.00% from ¥0.05 in the same period last year[27]. - The weighted average return on net assets was -0.92%, down 2.62 percentage points from 1.70% in the previous year[27]. - The total comprehensive income for the first half of 2022 was -100,036,336.38 RMB, a significant decrease compared to 234,319,095.73 RMB in the same period of 2021[146]. - The net profit after deducting non-recurring gains and losses for the first half of 2022 was -130,788,292.85 RMB, a decrease of 159.14% compared to the same period last year[141]. Assets and Liabilities - Total assets at the end of the reporting period were ¥54,692,772,290.54, an increase of 1.76% from ¥53,748,323,524.71 at the end of the previous year[26]. - Total liabilities increased by 2.90% to ¥40,752,271,831.24 from ¥39,604,243,601.31 at the end of the previous year[26]. - The company's net capital at the end of the reporting period was ¥8,025,060,794.61, down from ¥9,100,531,842.63 at the end of the previous year[30]. - The total liabilities as of June 30, 2022, amounted to RMB 40,752,271,831.24, an increase of 2.9% from RMB 39,604,243,601.31 at the end of 2021[144]. - The total equity attributable to shareholders as of June 30, 2022, was RMB 13,940,500,459.30, a decrease of 1.4% from RMB 14,144,079,923.40 at the end of 2021[144]. Risk Management - The company has established a comprehensive risk management system to identify, assess, and respond to various risks, ensuring operations remain within controllable limits[6]. - The company maintains a prudent risk management strategy, focusing on balancing capital, risk, and returns to provide stable profit returns to shareholders[90]. - The company has established a four-tier comprehensive risk management framework, ensuring full coverage of risk management through a hierarchical authorization system[91]. - The risk management system has been continuously improved, with upgrades to the net capital and stress testing modules, and the implementation of a unified risk data control system[93]. - The company has optimized its risk control methods, revising various risk management guidelines and enhancing frontline risk management processes[92]. Compliance and Governance - The company has confirmed compliance with all relevant regulations and standards during the reporting period[122]. - The company has adhered to the Corporate Governance Code and the Standard Code during the reporting period[122][123]. - The company has strengthened compliance management by continuously tracking legal regulations and optimizing internal management systems to mitigate compliance risks[103]. - The company has adopted a risk-based approach to compliance management, integrating it into all operational processes and decision-making[103]. - The company conducted four shareholder meetings during the reporting period, including the first extraordinary meeting on February 17, 2022, which approved several key resolutions[106][107]. Business Operations - The company has various qualifications for financial services, including IPO underwriting and securities asset management[15][16]. - The company aims to enhance its comprehensive financial service capabilities through the "three-in-one" financial service model, which has been recognized by the provincial government[35]. - The company plans to raise up to RMB 7 billion through a non-public offering of up to 1,392,865,410 A-shares[36]. - The company is actively expanding its public fund distribution scale and enhancing the income proportion of financial product sales[41]. - The company plans to strengthen its investment banking capabilities and increase project reserves in Henan province[49]. Employee and Organizational Structure - The company has 2,732 employees as of the end of the reporting period, with 2,370 in the main company and 362 in subsidiaries[105]. - The company has implemented a performance evaluation mechanism directly linked to annual business targets, enhancing employee motivation and reward for special contributions[105]. - The company has developed targeted training programs for employees, ensuring ongoing training and skill development[105]. - The company has a comprehensive employee benefits package, including basic social insurance and an enterprise annuity plan to improve welfare[105]. Market Position and Strategy - The company ranked 24th in IPO underwriting amount and 22nd in IPO underwriting income, indicating strong performance in investment banking[33]. - The company aims to enhance customer satisfaction and expand its margin financing and securities lending client base in the second half of 2022[45]. - The company plans to deepen cooperation with well-known investment institutions and focus on key areas such as advanced manufacturing and digital economy in the second half of 2022[55]. - The company aims to enhance its investment capabilities by establishing teams in the Yangtze River Delta and Greater Bay Area to attract quality projects[58]. - The company plans to optimize its post-investment management to accelerate the listing process of invested enterprises[58]. Financial Reporting and Audit - The financial report for the first half of 2022 was unaudited, with the financial data prepared in accordance with Chinese accounting standards reviewed by Da Hua Certified Public Accountants[5]. - The financial report includes a statement from the responsible persons ensuring the accuracy and completeness of the financial data presented[5]. - The financial report for the first half of 2022 was approved by the board of directors on August 22, 2022[171]. - The company’s external audit firm reviewed the interim financial data in accordance with Chinese accounting standards[124]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 148,997, with 148,958 being A-share holders and 39 H-share holders[126]. - The largest shareholder, Hong Kong Central Clearing Limited, held 1,195,142,850 shares, representing 25.74% of the total shares[128]. - Henan Investment Group Co., Ltd. held 822,983,847 shares, accounting for 17.73% of the total shares[128]. - The top ten shareholders collectively held significant stakes, with the top three alone accounting for over 47% of the total shares[128]. - There were no changes in the total number of shares or the share capital structure during the reporting period[126].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 787,674,140.44, a decrease of 66.28% compared to CNY 2,336,041,148.75 in the same period last year [18]. - The net profit attributable to shareholders of the parent company was a loss of CNY 125,442,881.07, down 154.79% from a profit of CNY 228,961,700.48 in the previous year [18]. - The net cash flow from operating activities was negative at CNY -1,282,743,968.59, compared to CNY 2,626,128,925.24 in the same period last year [18]. - Basic earnings per share for the first half of 2022 were CNY -0.03, a decrease of 160.00% compared to CNY 0.05 in the same period last year [19]. - The total comprehensive income for the first half of 2022 was a loss of RMB 100.04 million, compared to a gain of RMB 234.32 million in the first half of 2021 [162]. - The company reported a net loss of RMB 130.42 million, compared to a net profit of RMB 232.44 million in the same period of 2021 [162]. Risk Management - The company has established a comprehensive risk management system to identify, assess, and respond to various risks, ensuring operations remain within manageable risk levels [4]. - The company emphasizes the importance of compliance with legal regulations and internal controls to mitigate operational risks [4]. - The company maintains a prudent risk management strategy, focusing on balancing capital, risk, and returns to provide stable profits to shareholders [89]. - The company has established a four-tier comprehensive risk management framework, enhancing risk management effectiveness across all levels [90]. - The company has implemented strict investment authorization systems to manage market risks, including the establishment of a multi-level risk monitoring and assessment system [98]. Compliance and Governance - There were no non-operational fund occupations by controlling shareholders or related parties, indicating a stable financial governance structure [3]. - The report highlights the absence of any significant legal or regulatory violations that could impact the company's reputation or financial standing [3]. - The company strictly complies with environmental protection laws and has not faced any administrative penalties related to environmental issues during the reporting period [117]. - The company has continuously updated its compliance management system to align with legal and regulatory changes, ensuring effective risk identification and management [104]. Shareholder and Capital Management - The company did not propose any profit distribution or capital reserve conversion plans during this reporting period, reflecting a focus on reinvestment [2]. - The total number of shareholders is 148,997, with 148,958 holding A-shares and 39 holding H-shares [140]. - The largest shareholder, Hong Kong Central Clearing Limited, holds 1,195,142,850 shares, accounting for 25.74% of the total shares [140]. - The company plans to issue up to 1,392,865,410 A-shares, raising no more than RMB 7 billion [138]. Market Environment - The stock market environment showed a decline, with the Shanghai Composite Index down 6.63% and the Shenzhen Component Index down 13.20% year-to-date [32]. - The financing and securities lending balance in the capital market was approximately RMB 1.6 trillion, a decrease of 12.49% from the end of the previous year [34]. - The private equity investment market saw a decline in fundraising, with the number of newly raised funds and amounts reaching 2,701 and RMB 772.455 billion, down 7.2% and 10.3% year-on-year respectively [43]. Operational Highlights - The company is actively implementing a "three-in-one" financial service model, integrating investment, banking, and lending services to support the growth of promising enterprises [29]. - The total trading volume of stock and fund transactions reached RMB 835 billion, with a market share of 3.35‰ [33]. - The company aims to enhance its wealth management transformation by expanding the scale of public fund distribution and increasing the proportion of income from financial product distribution [33]. - The company completed 1 IPO underwriting project with a total amount of RMB 1.296 billion, ranking 24th in IPO underwriting amount [38]. Financial Position - Total assets at the end of the reporting period were CNY 54,692,772,290.54, an increase of 1.76% from CNY 53,748,323,524.71 at the end of the previous year [18]. - Total liabilities increased by 2.90% to CNY 40,752,271,831.24 from CNY 39,604,243,601.31 at the end of the previous year [18]. - The equity attributable to shareholders of the parent company decreased by 1.45% to CNY 13,483,278,632.78 from CNY 13,681,883,165.28 at the end of the previous year [18]. - The company's cash and cash equivalents were reported at 13,037,318,378.47 RMB, up from 12,332,030,422.75 RMB year-over-year [160]. Investment and Financing - The company has been recognized as a key player in promoting the capital market development in Henan Province, leveraging its local market advantages [31]. - The company reported a non-recurring gain of ¥5,345,411.78 after accounting for government subsidies and other income, despite a loss in overall performance [22]. - The company has actively optimized its asset-liability management to enhance its debt servicing capabilities [149]. - The company issued a USD 100 million bond with a 4% interest rate, maturing on March 22, 2025, with various forms of guarantees in place [151].

Financial Performance - The company's operating revenue for Q1 2022 was ¥388,483,697.61, representing a decrease of 63.90% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was ¥18,432,906.28, down 84.76% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,732,885.73, a decline of 88.37% compared to the previous year[2]. - Basic earnings per share were ¥0.004, down 86.67% year-on-year[2]. - Diluted earnings per share were also ¥0.004, showing an 86.67% decrease compared to the same period last year[2]. - The significant decline in revenue and profit was primarily due to reduced income from secondary market investment and investment banking services[5]. - The company reported a net profit of 12,934,321.55 RMB, a decrease of 91.7% from 154,880,101.23 RMB in the same quarter last year[12]. - The total profit for Q1 2022 was CNY 13,848,578.24, a significant decrease compared to CNY 156,456,414.75 in Q1 2021[13]. - The net profit attributable to shareholders of the parent company was CNY 18,432,906.28, down from CNY 120,959,031.78 in the same period last year[13]. - The company experienced a decrease in comprehensive income attributable to shareholders of the parent company, totaling CNY 13,609,710.54 in Q1 2022, compared to CNY 119,264,863.14 in Q1 2021[13]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥1,071,347,955.01, reflecting a decrease of 1,330.50%[2]. - The company reported a decrease in cash received from interest, fees, and commissions, totaling CNY 633,142,821.07, down from CNY 790,998,070.01 in Q1 2021[15]. - The total cash outflow from operating activities was CNY 4,356,779,381.65, compared to CNY 2,168,213,060.46 in the previous year[15]. - The company reported a total cash and cash equivalents balance of CNY 14,641,490,289.06 at the end of Q1 2022, down from CNY 15,293,260,935.23 at the end of Q1 2021[16]. - The cash flow from financing activities generated a net inflow of CNY 871,220,914.80, compared to CNY 1,908,231,242.57 in the previous year[16]. - The company recorded a foreign exchange impact on cash and cash equivalents of CNY 2,180,501.14 in Q1 2022[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥54,088,001,573.95, an increase of 0.63% from the end of the previous year[3]. - Total assets increased to 54,088,001,573.95 RMB from 53,748,323,524.71 RMB, reflecting a growth of 0.6%[11]. - Total liabilities rose to 39,935,583,572.69 RMB, up from 39,604,243,601.31 RMB, indicating an increase of 0.8%[11]. - Shareholders' equity attributable to shareholders of the listed company was ¥13,695,492,875.82, a slight increase of 0.10% from the previous year[3]. - Shareholders' equity totaled 14,152,418,001.26 RMB, slightly up from 14,144,079,923.40 RMB[11]. Revenue Breakdown - Total operating revenue for Q1 2022 was 388,483,697.61 RMB, a decrease of 64.1% compared to 1,076,191,096.51 RMB in Q1 2021[12]. - Net interest income decreased to 9,769,477.43 RMB from 54,988,296.90 RMB, reflecting a decline of 82.2%[12]. - Commission and fee income decreased to 303,072,410.64 RMB, down 30.2% from 433,724,478.88 RMB in the previous year[12]. - Investment income increased significantly to 372,804,464.78 RMB, compared to 180,481,635.53 RMB, marking a growth of 106.7%[12]. - Total operating expenses for Q1 2022 were 375,549,376.06 RMB, down 59.3% from 921,310,995.28 RMB in Q1 2021[12]. - The company reported a decrease in customer deposits to 9,550,363,108.61 RMB from 9,990,048,353.53 RMB, a decline of 4.4%[10]. Return on Equity - The weighted average return on equity was 0.13%, a decrease of 0.77 percentage points year-on-year[2].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 388,483,697.61, representing a decrease of 63.90% compared to the same period last year[5] - Net profit attributable to shareholders for Q1 2022 was RMB 18,432,906.28, down 84.76% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 13,732,885.73, a decline of 88.37% compared to the previous year[5] - Basic earnings per share for Q1 2022 were RMB 0.004, down 86.67% from the same period last year[5] - Diluted earnings per share were also RMB 0.004, reflecting an 86.67% decrease year-on-year[5] - The significant decline in revenue and profit was primarily due to decreased income from secondary market investment and investment banking businesses[7] - Total operating revenue for Q1 2022 was RMB 388,483,697.61, a decrease of 64.1% compared to RMB 1,076,191,096.51 in Q1 2021[17] - Net profit for Q1 2022 was RMB 13,161,273.60, down 89.6% from RMB 126,471,003.08 in Q1 2021[18] - Operating profit for Q1 2022 was RMB 12,934,321.55, a decline of 91.7% compared to RMB 154,880,101.23 in Q1 2021[17] - The company reported a decrease in net income attributable to shareholders, which was RMB 18,432,906.28 in Q1 2022 compared to RMB 120,959,031.78 in Q1 2021[18] - The total comprehensive income for Q1 2022 was RMB 8,338,077.86, a decrease from RMB 124,776,834.44 in Q1 2021[18] Cash Flow and Assets - The net cash flow from operating activities was RMB -1,071,347,955.01, a decrease of 1,330.50% year-on-year[5] - Cash flow from operating activities for Q1 2022 was negative at RMB -1,071,347,955.01, contrasting with a positive cash flow of RMB 87,066,272.40 in Q1 2021[19] - The ending balance of cash and cash equivalents as of Q1 2022 was 14,641,490,289.06, a decrease from 15,293,260,935.23 in Q1 2021[21] - Cash and cash equivalents decreased to ¥12,104,754,039.71 from ¥12,332,030,422.75[14] - The total cash inflow from financing activities in Q1 2022 was 5,045,242,316.98, significantly higher than 3,216,543,311.60 in Q1 2021, reflecting increased financing efforts[20] - The net cash flow from financing activities was 871,220,914.80 in Q1 2022, down from 1,908,231,242.57 in Q1 2021, suggesting a reduction in net financing gains[20] - The cash inflow from bond issuance in Q1 2022 was 5,045,242,316.98, compared to 3,166,261,000.00 in Q1 2021, indicating a strong capital raising activity[20] - The cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets in Q1 2022 was 115,753,822.01, up from 17,151,865.20 in Q1 2021, showing increased investment in long-term assets[20] - The cash inflow from investment activities totaled 85,123,514.26 in Q1 2022, compared to 25,393,077.54 in Q1 2021, indicating improved cash recovery from investments[20] - The impact of exchange rate changes on cash and cash equivalents was 2,180,501.14 in Q1 2022, contrasting with -557,215.23 in Q1 2021, reflecting a positive currency effect[20] - The cash flow from other financing activities in Q1 2022 was 50,282,311.60, compared to 18,212,119.40 in Q1 2021, indicating an increase in related cash inflows[20] - The cash outflow for debt repayment in Q1 2022 was 4,018,865,000.00, significantly higher than 1,171,127,000.00 in Q1 2021, highlighting increased debt servicing obligations[20] Assets and Liabilities - Total assets at the end of the reporting period were RMB 54,088,001,573.95, an increase of 0.63% from the end of the previous year[5] - The total assets as of March 31, 2022, amount to ¥54,088,001,573.95, an increase from ¥53,748,323,524.71 as of December 31, 2021[14] - The total liabilities as of March 31, 2022, are ¥39,935,583,572.69, compared to ¥39,604,243,601.31 as of December 31, 2021[15] - The company reported a decrease in receivables to ¥100,308,977.39 from ¥98,055,900.27[14] - The weighted average return on net assets was 0.13%, a decrease of 0.77 percentage points compared to the end of the previous year[5] - Equity attributable to shareholders at the end of the reporting period was RMB 13,695,492,875.82, a slight increase of 0.10% compared to the previous year[5] - The total equity of the company is not explicitly stated but can be inferred from the total assets and liabilities[15] Shareholding Structure - The top shareholder, Hong Kong Central Clearing Limited, holds 1,195,141,850 shares, representing 25.74% of the total shares[9] - Henan Investment Group Limited holds 822,983,847 shares, accounting for 17.73% of the total shares[9] - The company has a significant portion of its shares held by state-owned enterprises, indicating a strong government influence in its ownership structure[10]

Financial Performance - The company achieved operating revenue of RMB 4.421 billion in 2021, a year-on-year increase of 42.46%[104]. - Net profit attributable to shareholders reached RMB 513 million, representing a significant year-on-year growth of 392.04%[105]. - Operating expenses amounted to RMB 3.710 billion, an increase of 25.58% compared to the previous year[104]. - The company reported a net profit margin of 12%, which is an improvement from 10% in the previous year[187]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a 15% year-over-year growth[190]. - The revenue for the last fiscal year reached 1.2 billion, representing a 15% increase compared to the previous year[195]. - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[194]. Dividends and Share Capital - The company plans to distribute a cash dividend of RMB 0.21 per 10 shares, totaling RMB 97,500,578.70 for the second half of 2021, leading to a cumulative cash dividend of RMB 176,429,618.60 for the year[3]. - The company does not plan to increase share capital from capital reserves or issue bonus shares[3]. - The total share capital of the company as of December 31, 2021, is 4,642,884,700 shares[3]. Risk Management - The company has established a comprehensive risk management system to address various risks, including market, credit, and operational risks[4]. - The company acknowledges potential risks from changes in national macroeconomic policies and regulations affecting the securities industry[4]. - The company faces various risks, including credit risk, market risk, liquidity risk, operational risk, compliance risk, and information technology risk[133]. - The company intends to strengthen its risk mitigation efforts and leverage past successful experiences in risk resolution[132]. Corporate Governance - The company has established a governance structure that includes a shareholders' meeting, a board of directors, and a supervisory board to ensure effective decision-making and oversight[19]. - The company has successfully completed the restructuring of its board and supervisory committee, enhancing governance and decision-making efficiency[166]. - The board consists of 11 members, including 1 executive director and 4 independent non-executive directors, ensuring compliance with legal requirements[170]. - The company has established a robust compliance culture and self-regulation mechanisms to ensure compliant operations and standardized development[140]. Market Expansion and Strategy - The company aims to expand its market presence through strategic partnerships and potential mergers and acquisitions in the financial sector[9]. - The company plans to enhance its margin financing and securities lending business by focusing on high-net-worth clients and improving client usage rates in 2022[66]. - Market expansion plans include entering three new international markets by the end of 2022, targeting a 25% increase in market share[189]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 50 million allocated for potential mergers and acquisitions[188]. Technology and Innovation - The company is actively pursuing new technology developments to improve its service offerings and operational efficiency[9]. - The company is investing heavily in technology development, allocating 150 million towards R&D initiatives[190]. - The company plans to enhance its digital services, expecting a 30% increase in digital revenue streams over the next year[195]. Compliance and Regulatory Adherence - The company has a strong focus on compliance and regulatory adherence, ensuring alignment with the requirements set by the China Securities Regulatory Commission[9]. - The company has maintained compliance with public float requirements under the Hong Kong Listing Rules since its H shares listing[153]. - The company strictly follows the Corporate Governance Code and has met most of the recommended best practices outlined in it[166]. Financial Position - Total assets as of the end of 2021 amounted to CNY 53,748,323,524.71, a 2.62% increase from CNY 52,376,875,557.00 at the end of 2020[40]. - Total liabilities increased by 3.70% to CNY 39,604,243,601.31 from CNY 38,190,399,466.49 in 2020[40]. - The debt-to-asset ratio decreased to 65.65% in 2021 from 66.08% in 2020, a reduction of 0.43 percentage points[42]. Shareholder Information - As of December 31, 2021, Henan Investment Group holds 822,983,847 A shares, representing 17.726% of the total issued shares[148]. - The company does not have any other known shareholders with significant interests in the company's shares as of December 31, 2021[149]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[189]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[196].