Financial Performance - The company reported a total revenue of 1,788.27 million for the year 2021[162]. - The company achieved a net profit attributable to shareholders of RMB 513.21 million, with distributable profits of RMB 350.33 million after reserves[199]. - The company's operating revenue for 2021 was ¥4,420,848,497.96, representing a 42.46% increase compared to ¥3,103,301,696.87 in 2020[41]. - The net profit attributable to shareholders of the parent company reached ¥513,210,337.25, a significant increase of 392.04% from ¥104,302,038.78 in the previous year[41]. - The company achieved a revenue of $200 million in the last fiscal year, representing a 10% increase compared to the previous year[39]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2021, representing a growth of 15% compared to the previous year[166]. - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[165]. 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 (including tax) for the second half of 2021, with a cumulative distribution of RMB 176,429,618.60 for the year[4]. - The registered capital of Central China Securities Co., Ltd. is RMB 4,642,884,700 as of the end of the reporting period, unchanged from the previous year[14]. - The total share capital of the company as of December 31, 2021, is 4,642,884,700 shares[4]. - The company does not plan to increase capital reserves or issue bonus shares for the year[4]. Risk Management - The company faces significant risks due to its reliance on the domestic economy and market conditions, which can greatly impact its operating performance[6]. - The company has established a comprehensive risk management system to identify, assess, and respond to various risks throughout its operations[7]. - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments, highlighting investment risks[5]. - The company has established a strict investment authorization system and a multi-indicator risk monitoring and assessment system to manage market risk[145]. - The company is actively researching hedging investment strategies using financial derivatives to mitigate market risk exposure[146]. - The company has completed the identification and assessment of operational risks, optimizing processes in areas such as margin trading and brokerage services[150]. Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board to ensure compliance with relevant laws and regulations[27]. - The company has a comprehensive compliance management system in place, continuously updating internal policies in response to regulatory changes[152]. - The company has successfully completed the renewal of its board of directors and supervisory board, enhancing governance and decision-making efficiency[155]. - The company held two shareholder meetings during the reporting period, including one annual meeting and one extraordinary meeting[159]. - The company has a structured approach to determine the remuneration of external directors and supervisors based on industry market levels[172]. Market Expansion and Strategy - The company aims to improve customer service and accessibility through the establishment of new offices in key areas[34]. - The company plans to expand its market presence by opening 5 new branches in key cities by the end of 2022[39]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market share[38]. - The company plans to increase its market share in Henan and expand into developed regions like Beijing, Shanghai, Guangzhou, and Shenzhen in 2022[68]. - The company is focusing on optimizing its business lines and expanding its wealth management and investment banking services in response to market opportunities[52]. Technology and Innovation - The company is investing in technology upgrades to enhance operational efficiency across all branches[35]. - The company is investing in new technology development, allocating D million towards R&D initiatives aimed at enhancing product offerings[164]. - The company is investing heavily in technology development, with a budget allocation of 50 million for R&D in the next year[166]. - The company has launched a new mobile trading platform, which has already attracted 100,000 users within the first month[38]. Employee and Training Initiatives - The total number of employees in the parent company is 2,386, while the main subsidiaries have 341 employees, resulting in a total of 2,727 employees[193]. - The company has implemented a salary policy that includes basic salary, allowances, performance bonuses, and benefits, with a focus on rewarding outstanding performance[194]. - A training plan has been established to enhance the professional capabilities and career qualities of employees, focusing on management skills and business knowledge[195]. - The company conducted 8 internal training sessions with a total of 1,227 participants and organized 56 external training sessions with 168 participants, spending a total of RMB 1.987 million on training[196]. Financial Position - Total assets at the end of 2021 amounted to ¥53,748,323,524.71, reflecting a 2.62% increase from ¥52,376,875,557.00 at the end of 2020[41]. - The company's total liabilities increased by 3.70% to ¥39,604,243,601.31 from ¥38,190,399,466.49 in 2020[41]. - The net capital at the end of the reporting period was ¥9,100,531,842.63, down from ¥10,141,843,317.23 at the end of the previous year[44]. - The liquidity coverage ratio improved to 170.42% from 169.52% in the previous year[44]. Customer Engagement and Satisfaction - User data indicates a steady increase in customer engagement and service utilization across the network[34]. - The company reported a customer satisfaction rate of 85%, indicating strong user engagement and service quality[39]. - The company reported a significant increase in user data, with a growth rate of 15% year-over-year[38]. - User data showed an increase in active users, reaching 5 million, which is a 20% increase year-over-year[166].

Financial Performance - Operating revenue for Q3 2021 reached ¥1,137,702,274.62, an increase of 18.70% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2021 was ¥267,791,961.79, a significant increase of 379.05% year-on-year[2] - Year-to-date net profit attributable to shareholders reached ¥496,753,662.27, reflecting a 472.61% increase compared to the same period last year[2] - Basic earnings per share for Q3 2021 was ¥0.06, up 500.00% from the previous year[4] - Total operating revenue for Q3 2021 reached ¥3,473,743,423.37, a significant increase of 57.4% compared to ¥2,208,417,017.57 in Q3 2020[15] - Net profit for Q3 2021 was ¥504,072,804.71, up from ¥97,632,160.16 in Q3 2020, representing a growth of 415.5%[15] - The company reported a total comprehensive income of ¥505,284,681.14 for Q3 2021, compared to ¥109,698,578.40 in Q3 2020, indicating a substantial increase of 360.5%[16] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.11, compared to CNY 0.02 in Q3 2020, representing a 450% increase[17] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥54,816,012,271.39, representing a 4.66% increase from the end of the previous year[4] - The company reported a total asset value of ¥54,816,012,271.39 as of Q3 2021, up from ¥52,376,875,557.00 in the previous year, reflecting a growth of 4.6%[14] - Total liabilities increased to ¥40,233,094,281.77 in Q3 2021, compared to ¥38,190,399,466.49 in Q3 2020, an increase of 5.4%[14] - The equity attributable to shareholders of the parent company rose to ¥13,779,947,494.37 in Q3 2021, compared to ¥13,368,714,617.90 in Q3 2020, an increase of 3.1%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥814,953,277.79, a decrease of 165.27% compared to the previous year[4] - Total cash inflow from operating activities for the first nine months of 2021 was CNY 6,363,033,575.01, a decrease of 5.9% from CNY 6,762,156,614.50 in the same period of 2020[17] - Net cash flow from operating activities for the first nine months of 2021 was -CNY 814,953,277.79, compared to CNY 1,248,671,779.24 in the same period of 2020[17] - Cash inflow from investment activities for the first nine months of 2021 was CNY 998,353,349.54, significantly higher than CNY 57,496,076.64 in the same period of 2020[17] - Net cash flow from investment activities for the first nine months of 2021 was CNY 932,304,021.42, compared to -CNY 1,598,204,803.28 in the same period of 2020[17] - Total cash inflow from financing activities for Q3 2021 was CNY 9,056,046,525.00, an increase from CNY 8,704,767,425.25 in Q3 2020[19] - Net cash flow from financing activities for Q3 2021 was CNY 846,585,201.85, down from CNY 1,760,589,840.30 in Q3 2020[19] - The ending balance of cash and cash equivalents as of Q3 2021 was CNY 14,277,215,495.03, compared to CNY 13,213,478,941.15 at the end of Q3 2020[19] - The company reported a net increase in cash and cash equivalents of CNY 964,893,203.79 for Q3 2021, compared to CNY 1,408,003,214.59 in Q3 2020[19] Shareholder Information - The company reported a total of 150,386 common shareholders at the end of the reporting period[7] - The largest shareholder, Hong Kong Central Clearing Limited, holds 25.74% of the shares[7] - The total number of ordinary shareholders at the end of the reporting period was 150,386, with 150,346 being A-share shareholders[9] - The company reported a total of 974,693,847 shares held by Henan Investment Group, accounting for 20.99% of the total issued shares[9] Business Operations - The increase in operating revenue and net profit is primarily attributed to growth in investment banking and securities investment businesses[6] - The company's other business income for Q3 2021 was ¥1,313,845,818.94, compared to ¥847,977,980.18 in Q3 2020, an increase of 55.0%[15] Financial Assets and Investments - As of September 30, 2021, the company's cash and cash equivalents amounted to ¥11,135,692,141.75, an increase from ¥10,951,131,021.90 at the end of 2020, reflecting a growth of approximately 1.68%[12] - The company's total financial assets held for trading reached ¥25,545,414,795.87, up from ¥22,592,572,498.77 at the end of 2020, indicating a growth of about 8.63%[12] - The company has a total of ¥3,160,532,036.77 in settlement reserves, which increased from ¥2,379,100,088.00 at the end of 2020, representing a growth of approximately 32.73%[12] - The company has reported a total of ¥1,199,841,090.90 in buyback financial assets, down from ¥2,055,964,889.83 at the end of 2020, indicating a decline of approximately 41.66%[12] - The company has a total of ¥344,623,084.36 in debt investments, down from ¥456,168,931.89 at the end of 2020, reflecting a decrease of approximately 24.54%[12] Legal Matters - The company has disclosed ongoing litigation with a claim amounting to ¥20,000,000 related to a contract dispute[10] - The company has not reported any new developments in previously disclosed litigation matters during the reporting period[11] Accounting Standards - The company has not applied the new leasing standards starting from 2021[19]

Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.17 per 10 shares (tax included) for the first half of 2021, pending approval from the shareholders' meeting[3]. - The board proposed a cash dividend of RMB 0.17 per 10 shares, totaling RMB 78,929,039.90, which represents 34.47% of the net profit attributable to shareholders for the first half of 2021[113]. - The cash dividend distribution plan requires approval at the company's first extraordinary general meeting of 2021[113]. - The company emphasizes a cash dividend policy of at least 20% of the distributable profit, ensuring a stable return for investors[112]. Financial Performance - The company's financial performance is significantly correlated with the domestic securities market, which is influenced by macroeconomic conditions and investor behavior[4]. - Operating revenue for the reporting period (January to June) reached CNY 2,336,041,148.75, an increase of 86.89% compared to the same period last year[23]. - Total profit amounted to CNY 307,052,034.04, reflecting a significant increase of 425.60% year-on-year[23]. - Net profit attributable to shareholders of the parent company was CNY 228,961,700.48, up 642.16% from the previous year[23]. - Basic earnings per share for the reporting period was CNY 0.05, a 400.00% increase compared to CNY 0.01 in the same period last year[25]. - The total assets at the end of the reporting period were CNY 54,272,568,713.13, representing a 3.62% increase from the end of the previous year[24]. - The total liabilities increased by 4.63% to CNY 39,959,336,308.92 compared to the previous year-end[24]. - The company's debt-to-asset ratio was 66.66%, an increase of 0.58 percentage points from the previous year[26]. - The liquidity coverage ratio improved to 191.89%, up from 169.52% at the end of the previous year[28]. Business Challenges - The company faces challenges in its brokerage business due to declining commission rates and market share, which are expected to continue[4]. - The company is experiencing increased competition in the securities industry as foreign investment restrictions are gradually relaxed, potentially impacting its business negatively[4]. - The company’s investment banking business may face challenges in client development and pricing capabilities due to ongoing capital market reforms[4]. - The company’s asset management business may be adversely affected by regulatory changes and intensified competition, potentially reducing management fees and performance rewards[4]. - The company acknowledges that unforeseen events, such as the COVID-19 pandemic, could adversely impact its business and financial performance[4]. Risk Management - The company maintains a robust risk management strategy, aiming for a balance between business scale, profitability, and risk tolerance to provide stable returns to shareholders[94]. - The company has established a four-tier risk management framework, including the board of directors, risk control committees, compliance management, and frontline risk control systems[95]. - The risk management system has been continuously upgraded, focusing on credit risk management and the implementation of an internal rating system[97]. - The company faces major risks including credit risk, market risk, liquidity risk, operational risk, compliance risk, and information technology risk[98]. - Credit risk management involves clear standards for financing parties and collateral, along with monitoring risk indicators such as default probability and exposure[98]. - The company has optimized risk management processes across various departments and subsidiaries to enhance overall risk control[96]. Corporate Governance - The company has adopted and complied with all provisions of the Corporate Governance Code as per the Hong Kong Listing Rules during the reporting period[135]. - The audit committee has reviewed the accounting policies and internal controls, confirming that the consolidated financial reports comply with applicable accounting standards[138]. - The company has maintained high levels of corporate governance to protect shareholder rights and enhance corporate value and accountability[135]. - All directors and supervisors confirmed full compliance with the Standard Code regarding securities transactions during the reporting period[136]. Investment and Growth Strategy - The company is committed to providing new products and services to enhance its competitive position, although innovation may introduce new risks[4]. - The company has been actively involved in various financial advisory services related to mergers and acquisitions, indicating a strategic focus on growth through consolidation[15]. - The company aims to expand its public fund product distribution scale and actively promote private fund distribution to increase revenue from financial product sales[40]. - The company plans to enhance online and offline integration in its brokerage business, leveraging artificial intelligence and big data for personalized financial planning[40]. Market Position - The company is the only registered securities firm in Henan Province, indicating a unique regional advantage[30]. - The company has established a presence in the Hong Kong market, which is crucial for its expansion strategy[21]. - The company ranked 24th in equity underwriting amount in the Shanghai and Shenzhen stock markets, 17th in IPO underwriting amount, and 12th in M&A financial advisory transaction amount, indicating enhanced market influence[32]. Legal Matters - The company is involved in a lawsuit against Kedi Food Group for a stock pledge repurchase contract default, with a reported financing principal of RMB 305 million and a cumulative impairment provision of RMB 83 million as of June 30, 2021[121]. - A civil judgment against Changcheng Film and Television Group (now Zhejiang Qingfeng) mandates the payment of RMB 200 million in principal, with a total receivable balance of RMB 128 million and full impairment provision as of June 30, 2021[122]. - The company is pursuing legal action against Henan Zhongyi Real Estate for a financial trust contract default, with a court ruling supporting the repayment of RMB 99.69 million in principal and a receivable balance of RMB 98 million as of June 30, 2021[123]. - The company has no outstanding court judgments against it and maintains a good credit standing as of the reporting period[124]. Financial Position - The company reported a net cash outflow from operating activities due to changes in repurchase agreements compared to a net inflow in the same period last year[80]. - The company’s overseas assets amounted to RMB 2.214 billion, representing 4.08% of total assets[83]. - The company’s total assets for its subsidiary Zhongyuan Futures Co., Ltd. reached RMB 2.071 billion, with a net profit of RMB 529,300 as of June 30, 2021[89]. - The company's total assets for Zhongding Kaiyuan Investment Management Co., Ltd. were RMB 1.145 billion, with a net profit of RMB 32.62 million for the first half of 2021, reflecting a year-on-year revenue increase of 78.76%[90]. Employee and Management - As of the reporting period, the company employed 2,788 staff, with 2,417 in the main company and 371 in subsidiaries, implementing performance-linked incentive mechanisms[108]. - Changes in the board included the resignation of the executive director and president, Chang Junsheng, effective June 9, 2021, with Zhu Jianmin appointed as acting president[110]. - Independent non-executive directors Chen Zhiyong and Zeng Song were elected on June 30, 2021, replacing Yuan Zhiwei and Ning Jincheng[111].

Pension and Provident Fund Contributions - The company has not forfeited contributions under the pension insurance plan and the mandatory provident fund scheme for the years ending December 31, 2019, and 2020[2] - Contributions that are forfeited under the enterprise annuity plan are retained in the public account for the enterprise annuity, benefiting employees still in the plan[2] Annual Report Disclosures - The company maintains its annual report content unchanged except for the disclosures in this supplementary announcement[2]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,336,041,148.75, representing an increase of 86.89% compared to CNY 1,249,975,323.25 in the same period last year [20]. - The total profit for the first half of 2021 reached CNY 307,052,034.04, a significant increase of 425.60% from CNY 58,419,447.21 in the previous year [20]. - The net profit attributable to shareholders of the parent company was CNY 228,961,700.48, up 642.16% from CNY 30,850,805.92 year-on-year [20]. - The company's total comprehensive income for the first half of 2021 was RMB 234,319,095.73, compared to RMB 38,002,397.90 in the first half of 2020 [173]. - The company achieved a net profit of RMB 228,961,700.48 for the first half of 2021, with a cumulative distributable profit of RMB 157,682,349.05 as of June 30, 2021 [118]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,282,743,968.59, compared to a positive CNY 3,066,071,606.88 in the same period last year, reflecting a decrease of 141.84% [20]. - The liquidity coverage ratio improved to 191.89% compared to 169.52% in the previous year [24]. - Cash inflow from financing activities reached 7,240,039,000.00 RMB, an increase from 3,278,816,256.00 RMB in the same period last year [177]. - The cash and cash equivalents at the end of the period totaled 14,720,814,704.35 RMB, slightly up from 14,392,034,871.21 RMB at the end of the previous year [175]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 54,272,568,713.13, an increase of 3.62% from CNY 52,376,875,557.00 at the end of the previous year [20]. - Total liabilities increased by 4.63% to CNY 39,959,336,308.92 from CNY 38,190,399,466.49 year-on-year [20]. - The company's net capital decreased to CNY 8,902,816,395.36 from CNY 10,141,843,317.23, indicating a decline in capital of 12.19% [22]. - The debt-to-asset ratio is 66.66%, an increase of 0.88% compared to the previous year [164]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.17 per 10 shares, subject to shareholder approval [4]. - A cash dividend of RMB 0.17 per share (including tax) is proposed, totaling RMB 78,929,039.90, which accounts for 34.47% of the net profit attributable to shareholders for the first half of 2021 [119]. - The board of directors has approved a profit distribution plan that maintains a minimum cash dividend ratio of 20% of the distributable profit [118]. Business Challenges and Market Conditions - The company faces challenges in its brokerage business due to declining commission rates and market share, expected to continue in the future [7]. - The investment banking business may experience revenue impacts due to challenges in client development and pricing capabilities amid ongoing capital market reforms [7]. - The asset management sector may see a reduction in scale and fees due to regulatory changes and increased competition [7]. - The company's performance is highly correlated with the domestic securities market, which is influenced by macroeconomic conditions and investor behavior [6]. Risk Management - The company utilizes historical data for risk management, which may not effectively predict future risks, especially in extreme market conditions [8]. - The risk coverage ratio was reported at 235.56%, down from 298.03% in the previous year, indicating a decrease in risk management capacity [22]. - The company faces various risks including credit risk, market risk, liquidity risk, operational risk, compliance risk, and information technology risk [98]. - The company has developed a comprehensive risk management framework for subsidiaries, ensuring adherence to the company's risk control standards [100]. Corporate Governance and Compliance - The company held its annual general meeting on June 30, 2021, where several key resolutions were passed, including the approval of the annual financial report and profit distribution plan [115]. - The company experienced changes in its board of directors, with the resignation of the president and the election of new independent directors [116]. - The compliance management headquarters strengthened compliance checks on key businesses and regions, focusing on self-inspection and anti-money laundering measures [111]. Social Responsibility and Community Engagement - The company has invested over RMB 300,000 in purchasing agricultural products from impoverished counties to support poverty alleviation efforts [124]. - The company has provided financial support to 985 left-behind students and 19 underprivileged college students through its educational assistance programs [124]. - The company has received recognition for its social responsibility efforts, including awards for "Outstanding Contribution to Social Responsibility" and "Annual Leading Figure in State-Owned Enterprises" for its chairman [125]. Subsidiaries and Business Expansion - The company operates 15 subsidiaries, including 5 second-level holding subsidiaries and 1 fourth-level holding subsidiary, with varying ownership percentages [193]. - The company has established and opened 85 approved securities business departments and 30 approved branch offices [189]. - The company is focused on expanding its market presence and enhancing its financial services, as indicated by its historical capital increases and strategic partnerships [184].

Financial Performance - Operating revenue surged by 146.45% to CNY 1.08 billion compared to the same period last year[4] - Net profit attributable to shareholders was CNY 120.96 million, a significant recovery from a loss of CNY 67.12 million in the previous year[4] - Basic earnings per share improved to CNY 0.03 from a loss of CNY 0.02[4] - The net profit for the first quarter of 2021 was CNY 398.57 million, compared to CNY 286.79 million in the same period of 2020, representing an increase of about 38.9%[20] - Net profit for Q1 2021 was $126.47 million, a significant recovery from a net loss of $59.54 million in Q1 2020[21] - The company reported a total comprehensive income of approximately $124.78 million, compared to a loss of $53.23 million in Q1 2020[22] Assets and Liabilities - Total assets increased by 2.77% to CNY 53.83 billion compared to the end of the previous year[4] - The total liabilities stood at CNY 39.52 billion, compared to CNY 38.19 billion, marking an increase of about 3.5%[17] - The total amount of short-term financing payable increased by 72.72% to RMB 7,176,098,112.56 from RMB 4,154,657,809.90[7] - Short-term financing payables increased significantly to CNY 7.18 billion from CNY 4.15 billion, reflecting a rise of approximately 73.5%[17] - The company’s total liabilities increased significantly, with derivative financial liabilities rising by 813.76% to RMB 529,806.62[7] Cash Flow - Net cash flow from operating activities decreased by 92.66% to CNY 87.07 million[4] - The net cash flow from operating activities for Q1 2021 was ¥87,066,272.40, a decrease of 92.65% compared to ¥1,186,948,897.66 in Q1 2020[26] - Total cash inflow from operating activities was ¥2,255,279,332.86, down 60.91% from ¥5,772,792,952.77 in the same period last year[26] - The net cash flow from investing activities was -¥13,801,655.75, compared to ¥101,640,138.85 in Q1 2020, indicating a significant decline[26] - Cash inflow from financing activities reached ¥3,216,543,311.60, a substantial increase from ¥1,010,810,200.00 in Q1 2020, representing a growth of 217.73%[26] - The net cash flow from financing activities was ¥1,908,231,242.57, compared to -¥204,134,640.05 in the previous year, showing a positive turnaround[26] Shareholder Information - The total number of shareholders at the end of the reporting period was not specified, but the top ten shareholders held significant stakes[6] - The largest shareholder, Hong Kong Central Clearing Limited, held 25.74% of the shares[6] - As of the end of the reporting period, Henan Investment Group holds 957,368,847 shares of the company, accounting for 20.62% of the total share capital[7] Government Subsidies and Legal Matters - The company received government subsidies amounting to CNY 3.95 million, primarily related to normal business operations[5] - The company is involved in a legal case regarding a financial trust contract breach with Henan Zhongyi Real Estate Co., Ltd., with a court ruling requiring repayment of RMB 99,690,000 plus interest and penalties[13] - The company completed a debt claim against Kedi Food Group, which is undergoing bankruptcy reorganization, and has withdrawn its appeal following a court ruling[12] - There were no updates on ongoing contract disputes with Shenwu Technology Group, New Light Holdings Group, and Changcheng Film and Television Culture Group during the reporting period[14] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance growth prospects in the upcoming quarters[20] - The company anticipates potential significant changes in net profit compared to the same period last year, but this is not applicable for the current report[14]

Financial Performance - Zhongyuan Securities reported a significant increase in revenue, reaching 1.2 billion RMB, representing a 15% year-over-year growth[61]. - The company achieved a net profit of 300 million RMB, up 20% compared to the previous year[63]. - The company's operating revenue for 2020 was CNY 3,103,301,696.87, representing a 30.80% increase compared to CNY 2,372,526,991.25 in 2019[84]. - Net profit attributable to shareholders of the parent company reached CNY 104,302,038.78, a significant increase of 79.14% from CNY 58,222,745.44 in the previous year[84]. - The net profit after deducting non-recurring gains and losses was CNY 95,722,370.32, which is a remarkable increase of 399.65% compared to CNY 19,157,977.42 in 2019[84]. - The total assets at the end of 2020 amounted to CNY 52,376,875,557.00, reflecting a 20.21% growth from CNY 43,569,902,415.77 at the end of 2019[85]. - The total liabilities increased by 15.48% to CNY 38,190,399,466.49 from CNY 33,072,115,962.00 in the previous year[85]. - The equity attributable to shareholders of the parent company rose by 38.23% to CNY 13,368,714,617.90, up from CNY 9,671,208,012.75 in 2019[85]. - The basic earnings per share remained stable at CNY 0.02, consistent with the previous two years[88]. - The weighted average return on equity increased to 0.93%, up from 0.59% in 2019, indicating improved profitability[88]. Risk Management - The company faces significant risks due to its reliance on the domestic securities market, which is influenced by macroeconomic conditions and investor behavior[12]. - The company is exposed to risks from potential IT failures and external factors such as the COVID-19 pandemic[14]. - The company acknowledges the challenges in its investment banking business related to client development and pricing capabilities[13]. - The company emphasizes the importance of attracting and retaining key management and professional personnel to mitigate operational risks[13]. - The company has established an internal risk management framework, but acknowledges limitations in predicting extreme market events[14]. - The company faced credit risk, market risk, liquidity risk, operational risk, compliance risk, and information technology risk[132]. Capital Structure - The registered capital increased to CNY 4,642,884,700 from CNY 3,869,070,700, representing a growth of approximately 20%[27]. - The net capital rose significantly to CNY 10,141,843,317.23 from CNY 6,368,379,438.84, marking an increase of about 59%[27]. - The registered capital of Zhongyuan Securities increased to RMB 4,642,884,700 after a private placement of 773,814,000 A-shares at a price of RMB 4.71 per share in July 2020[42]. - The company completed a non-public issuance of H-shares, raising capital through the issuance of 592,119,000 shares at a price of HKD 4.28 per share, increasing the registered capital to RMB 3,223,734,700 in August 2015[40]. Business Expansion and Strategy - The company aims to expand its market presence through strategic partnerships and new product offerings in the financial services sector[24]. - The company plans to leverage its qualifications to tap into new market segments, including internet securities and private equity[29]. - The company is committed to enhancing its technological capabilities by adopting international standards in IT service management[29]. - The company plans to enhance its comprehensive strength and risk resistance through digital transformation and other key initiatives[143]. - The company aims to strengthen its investment banking capabilities and improve its market position through strategic talent acquisition and business reforms[124]. - The company plans to enhance investment research capabilities and cautiously expand its private placement and IPO business in 2021[181]. Operational Structure - As of the report date, Zhongyuan Securities directly owns 4 domestic subsidiaries and 1 overseas subsidiary, indicating a diversified operational structure[49]. - The company has established a comprehensive governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring effective decision-making and oversight[43]. - Zhongyuan Securities has a robust organizational structure with multiple departments focused on investment banking, asset management, and risk control, enhancing operational efficiency[46]. - The company operates a total of 86 securities business departments distributed across 12 provinces, autonomous regions, and municipalities in China[50]. - The company has established a significant presence in Henan Province, which accounts for approximately 81% of its total business departments[50]. Market Position - The company is the only legal securities firm in Henan Province, leveraging its regional advantages to maintain a stable customer base[127]. - The company reported a 5% increase in market share within the brokerage sector, now holding 12% of the market[64]. - The company aims to strengthen overseas market financing service capabilities and transition its brokerage business towards high-end wealth management in 2021[186]. Future Outlook - Zhongyuan Securities has outlined a future outlook with a revenue growth target of 10% for the next fiscal year[70]. - The company plans to expand its market presence by opening 10 new branches in key cities by the end of the fiscal year[67]. - A new product line for wealth management services is set to launch in Q2 2024, aimed at high-net-worth individuals[66]. - The company aims to enhance its wealth management services by leveraging artificial intelligence and big data applications in 2021[149]. Environmental and Social Responsibility - Zhongyuan Securities emphasized its commitment to sustainable practices, aiming for a 50% reduction in operational carbon footprint by 2025[62]. - The company has signed service agreements with several environmental protection companies to contribute to ecological civilization construction[136]. - The company has implemented energy-saving measures, including the use of infrared sensing faucets to reduce water consumption[137].

Dividend and Financial Performance - The company plans to distribute a cash dividend of RMB 0.17 per 10 shares, pending shareholder approval[5]. - The company reported a net profit attributable to shareholders of RMB 104,302,038.78 for 2020, with a cumulative distributable profit of RMB 102,780,913.15 as of December 31, 2020[170]. - The proposed cash dividend for 2020 is RMB 0.17 per share, totaling RMB 78,929,039.90, which represents 75.67% of the net profit attributable to shareholders[170]. - The company's operating revenue for 2020 was CNY 3,103,301,696.87, representing a 30.80% increase compared to CNY 2,372,526,991.25 in 2019[41]. - The net profit after deducting non-recurring gains and losses was CNY 95,722,370.32, showing a remarkable growth of 399.65% compared to CNY 19,157,977.42 in 2019[41]. - The company’s net profit for 2020 was RMB 1,575.34 billion, reflecting a year-on-year increase of 27.98%[59]. Market and Competitive Environment - The company's performance is highly correlated with the domestic securities market, which is influenced by macroeconomic conditions and investor behavior[6]. - The company anticipates a continued decline in brokerage commission rates and market share due to the impact of internet finance[7]. - The asset management sector may face a reduction in scale and fees due to regulatory changes and increased competition[7]. - The company faces significant risks from market volatility and economic downturns, which could adversely affect its financial performance[8]. - The company is preparing for the challenges posed by increased competition from foreign brokers and financial institutions entering the securities market[142]. Risk Management - The company has established an internal risk management framework, but some methods may not effectively predict future risks[8]. - The company has established a four-tier risk management framework to ensure comprehensive coverage of risk management across all levels[147]. - The company has implemented a four-level risk management system, continuously improving its risk control policies and procedures in response to regulatory changes[148]. - The company upgraded its risk management information system to enhance the efficiency and capability of credit risk management, including the addition of a unified public opinion monitoring system[149]. - The company has optimized its operational risk management system, focusing on identifying and controlling high-frequency low-loss and low-frequency high-loss operational risk events[162]. Business Expansion and Development - The company is committed to providing new products and services to enhance its competitive position in the industry[7]. - The company aims to enhance its wealth management services by leveraging artificial intelligence and big data applications in 2021[68]. - The company plans to strengthen its wealth management services and improve compliance and risk control systems in its overseas business in 2021[96]. - The company aims to establish a diversified product supply system in its asset management business, focusing on low-risk and innovative theme products in 2021[81]. - The company has a diverse range of business qualifications, including qualifications for futures intermediary services and internet securities business, which broadens its service offerings[14]. Financial Position and Capital Structure - The registered capital of Central China Securities Co., Ltd. increased to RMB 4,642,884,700.00 from RMB 3,869,070,700.00, representing a growth of approximately 20%[13]. - The net capital rose significantly to RMB 10,141,843,317.23, up from RMB 6,368,379,438.84, indicating an increase of about 59%[13]. - The total assets at the end of 2020 amounted to CNY 52,376,875,557.00, a 20.21% increase from CNY 43,569,902,415.77 at the end of 2019[43]. - The total liabilities increased by 15.48% to CNY 38,190,399,466.49 from CNY 33,072,115,962.00 in 2019[43]. - The equity attributable to shareholders of the parent company rose by 38.23% to CNY 13,368,714,617.90, compared to CNY 9,671,208,012.75 in the previous year[43]. Corporate Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board to ensure effective decision-making and oversight[27]. - The company’s governance framework is compliant with relevant laws and regulations, ensuring a robust operational framework[27]. - The company has established a compliance culture and self-regulation mechanisms to ensure proper operational conduct[164]. - The company has committed to invest no less than 3% of the previous year's revenue in compliance and risk control from 2020 to 2022[175]. - The company has appointed Xin Yong Zhong He Accounting Firm as its sole auditor for 2020, transitioning from PwC to streamline processes and reduce costs[178]. Social Responsibility and Community Engagement - The company issued special bonds for poverty alleviation totaling RMB 1 billion, aimed at improving living conditions for impoverished residents in Lankao County[199]. - The company established a poverty alleviation leadership group and office to coordinate efforts in line with national strategies[198]. - The company has actively engaged in social responsibility initiatives, particularly in poverty alleviation efforts[197]. - The company provided comprehensive financial services to assist small and medium-sized enterprises in impoverished counties with listing and financing needs[198]. - A total of 145 enterprises from impoverished counties were listed on the company's "Poverty Alleviation Board," raising a total of RMB 161.23 million[199].

Financial Performance - Operating income for the first nine months rose by 11.24% year-on-year to CNY 2.21 billion[5]. - Net profit attributable to shareholders decreased by 70.13% year-on-year to CNY 86.75 million[5]. - Basic and diluted earnings per share decreased by 75.00% to CNY 0.02[5]. - Total operating revenue for Q3 2020 reached ¥958.44 million, a 37.3% increase from ¥698.12 million in Q3 2019[29]. - Net profit for Q3 2020 was ¥63.95 million, up from ¥46.49 million in the same quarter last year, reflecting a growth of 37.7%[30]. - The net profit attributable to shareholders of the parent company was ¥55.90 million, compared to ¥50.51 million in Q3 2019, showing a growth of 10.5%[30]. Assets and Liabilities - Total assets increased by 10.79% year-on-year to CNY 48.27 billion as of the end of the reporting period[5]. - The company’s total liabilities decreased by 33.48% to RMB 261,778,134.13, primarily due to a reduction in other payables[10]. - The company’s long-term borrowings decreased by 92.41% to RMB 1,001,583.33, mainly due to a reduction in long-term credit loans[10]. - The company’s total liabilities increased to ¥34,051,941,797.38 from ¥33,072,115,962.00, reflecting a growth of approximately 2.96% year-over-year[25]. - Total assets reached ¥48,268,982,216.82, compared to ¥43,569,902,415.77, indicating a growth of approximately 10.0%[25]. Cash Flow - Net cash flow from operating activities decreased by 49.65% year-on-year to CNY 1.25 billion[5]. - The company reported a net cash outflow from investment activities of CNY 1,598,204,803.28 for the first three quarters of 2020, compared to a net outflow of CNY 413,293,824.71 in 2019[34]. - The cash and cash equivalents at the end of the period increased to CNY 11,539,728,534.85, up from CNY 9,210,871,836.82 at the beginning of the period[37]. - The total cash inflow from financing activities in the first three quarters of 2020 was CNY 8,704,767,425.25, compared to CNY 10,092,042,864.16 in the same period of 2019[34]. Shareholder Information - The number of shareholders at the end of the reporting period was 112,613[7]. - Major shareholders included Hong Kong Central Clearing Limited with 25.74% and Henan Investment Group with 17.73%[7]. Other Income and Expenses - Non-operating income for the first nine months totaled CNY 4.71 million, primarily from government subsidies[6]. - The total revenue from other business activities increased by 80.36% to RMB 847,977,980.18, primarily due to increased sales of bulk commodities[10]. - The company reported a significant increase in other income, which increased by 96.57% to RMB 9,023,525.67, primarily due to increased government subsidies related to daily activities[10]. Legal Matters - The company has ongoing litigation related to stock pledge defaults, with various cases in execution stages, including claims for RMB 20,000 million against New Light Holdings[18][20]. - The company holds a priority right to recover RMB 20,000 million from New Light Holdings, confirmed by a court ruling[18].

Financial Performance - The company reported no profit distribution or capital reserve conversion to share capital for the first half of 2020[10]. - Operating revenue for the first half of 2020 was CNY 1,249,975,323.25, a decrease of 2.89% compared to CNY 1,287,144,859.79 in the same period of 2019[28]. - Total profit for the first half of 2020 was CNY 58,419,447.21, down 83.50% from CNY 354,151,639.95 in the first half of 2019[28]. - Net profit attributable to shareholders of the parent company was CNY 30,850,805.92, representing an 87.14% decline from CNY 239,926,940.64 in the previous year[28]. - Total comprehensive income for the first half of 2020 was RMB 112,839,003.64, which included a decrease in other comprehensive income of RMB 829,099.84[158]. - The company reported a net profit distribution of RMB 145,425,178.56 during the first half of 2019, indicating a strong performance compared to the previous year[159]. Market Conditions and Competition - The company's financial performance is highly correlated with the domestic securities market, which is influenced by macroeconomic conditions and investor behavior[11]. - The company faces challenges in its brokerage business due to declining commission rates and market share, expected to continue in the future[11]. - The company is experiencing increased competition in the securities industry as foreign investment restrictions are gradually relaxed[11]. - The company acknowledges potential adverse impacts from the COVID-19 pandemic on its business and financial performance[12]. Business Operations and Services - The company’s main business includes securities brokerage, credit business, futures business, investment banking, investment management, proprietary trading, and overseas business[33]. - The company holds various business qualifications, including securities brokerage, investment consulting, and asset management, which enhance its operational capabilities[19]. - The company has been actively involved in mergers and acquisitions, providing financial advisory services for listed companies[19]. - The company has engaged in various financial product distribution qualifications, expanding its service offerings[21]. Financial Position and Capital Structure - The registered capital of Central China Securities Co., Ltd. is CNY 3,869,070,700, and the net capital is CNY 6,550,935,506.82, showing an increase from CNY 6,316,632,921.18 at the end of the previous year[19]. - Total assets as of June 30, 2020, were CNY 47,657,411,534.75, an increase of 9.38% from CNY 43,569,902,415.77 at the end of 2019[29]. - Total liabilities increased by 12.26% to CNY 37,127,056,703.08 from CNY 33,072,115,962.00 at the end of 2019[29]. - The asset-liability ratio increased to 71.34% as of June 30, 2020, from 69.73% at the end of 2019, an increase of 1.61 percentage points[30]. Risk Management - The company has implemented internal risk management structures, but some methods may not accurately predict future risks, especially in extreme market conditions[12]. - The company faces various risks including credit risk, market risk, liquidity risk, operational risk, compliance risk, and information technology risk, which are managed through various analytical methods[87]. - The company emphasizes liquidity risk management by controlling self-operated business investment scale and diversifying stock investments to maintain liquidity[91]. - The company has enhanced risk management for subsidiaries, establishing a vertical management system and risk limit indicators for investment projects[89]. Investment Activities - The company completed a non-public issuance of A-shares in July 2020, significantly enhancing its net capital strength[36]. - The company aims to deepen its investment banking capabilities, particularly in debt financing, while leveraging local advantages to explore broader markets[51]. - The company’s alternative investment subsidiary had an investment scale of RMB 2.21 billion, with 23 equity investments and 8 financial product investments[59]. - The company reported a significant increase in investment income of RMB 377,948,903.51, up from RMB 323,895,994.59 in the same period of 2019[152]. Compliance and Governance - The company is committed to maintaining compliance with regulatory standards as evidenced by its ongoing relationship with the China Securities Regulatory Commission[24]. - The company has established a scientific and efficient compliance management system to effectively identify, assess, and manage compliance risks[93]. - The company has complied with all provisions of the Corporate Governance Code as per the Hong Kong Listing Rules during the reporting period[117]. - The company has signed long-term agreements to avoid competition with Henan Investment Group, ensuring compliance with industry regulations[99]. Employee and Organizational Structure - As of the end of the reporting period, the group employed 2,802 people, with 2,435 in the company and 367 in subsidiaries[96]. - The company has implemented a performance evaluation mechanism directly linked to annual business targets, enhancing employee motivation and performance[96]. - The company has established a comprehensive organizational structure with multiple functional departments to support its operations[168]. Financial Reporting and Accounting - The financial statements prepared by the company comply with the requirements of the Accounting Standards for Business Enterprises, accurately reflecting the consolidated financial position as of June 30, 2020, and the consolidated operating results for the first half of 2020[174]. - The company adopted Chinese accounting standards for financial reporting, transitioning from international financial reporting standards[172]. - The company recognizes gains or losses from financial assets measured at fair value through other comprehensive income, excluding impairment losses and foreign exchange gains or losses, until the asset is derecognized or reclassified[193]. Legal Matters - The company is involved in several ongoing litigations, with a total amount involved of RMB 43.17 million related to a contract dispute with Kedi Food Group[102]. - The company has a pending case against Xinguang Holdings for RMB 20 million due to a breach of a stock pledge repurchase contract, which is currently under bankruptcy reorganization[102]. - The company is currently in the execution phase of a lawsuit against Ruicheng Investment, with the case still ongoing as of the reporting period[103].