香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 （股份代號：01456） （於中華人民共和國成立的股份有限公司） 獨立非執行董事任期屆滿辭任 國聯證券股份有限公司（「本公司」）謹此宣佈，本公司董事會（「董事會」）於2024年 11月7日收到獨立非執行董事吳星宇先生的書面辭職報告。因連任已滿六年，根據 《上市公司獨立董事管理辦法 》等規定，吳星宇先生提請辭去本公司獨立非執行董 事、董事會審計委員會委員及主任委員、薪酬及提名委員會委員及風險控制委員會 委員等職務。 吳星宇先生已確認與本公司及董事會並無不同意見，亦無與辭職有關的事項提請本 公司股東及債權人注意。 根據《上市公司獨立董事管理辦法》及《公司章程》的相關規定，因吳星宇先生的辭職 將導致本公司獨立非執行董事佔董事會成員的比例低於三分之一，吳星宇先生將繼 續履行獨立非執行董事及董事會專門委員會職責至新任獨立非執行董事產生之日。 本公司將按照有關規定盡快完成獨立非執行董事的補選工作。 1 ...

（股份代號：01456） （於中華人民共和國成立的股份有限公司） 海外監管公告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條作出。 如下公告已於上海證券交易所網站刊發，僅供參閱。 特此公告。 承董事會命 國聯證券股份有限公司 董事長 葛小波 中國江蘇省無錫市 2024年10月30日 截至本公告日期，本公司執行董事為葛小波先生；本公司非執行董事為華偉榮先 生、周衛平先生、吳衛華先生、李梭女士及劉海林先生；及本公司獨立非執行董事為 吳星宇先生、朱賀華先生及高偉先生。 证券代码：601456 证券简称：国联证券 公告编号：2024-049 号 国联证券股份有限公司 国联证券股份有限公司（以下简称"公司"）第五届董事会第十九次会议于 2024 年 10 月 16 日以书面方式发出通知，于 2024 年 10 月 30 日在无锡以现场结 合通讯的方式召开。 会议应出席董事 9 人，实际出席董 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥919,015,751.86, representing a year-on-year increase of 31.26%[5] - Net profit attributable to shareholders for the third quarter was ¥308,143,123.63, a significant increase of 143.65% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥306,956,913.22, reflecting a substantial increase of 346.11% year-on-year[5] - Basic and diluted earnings per share for the third quarter were both ¥0.11, marking a 175.00% increase compared to the previous year[5] - Operating revenue decreased by 20.04% year-to-date compared to the previous period[11] - Net profit attributable to shareholders decreased by 45.53% year-to-date, primarily due to reduced investment income and net interest income[11] - Basic and diluted earnings per share both decreased by 46.15% year-to-date[11] - Total operating revenue for the first three quarters of 2024 was RMB 2,004,892,871.86, a decrease of 20% compared to RMB 2,507,217,168.06 in the same period of 2023[23] - Net profit for the first three quarters of 2024 was RMB 401,862,636.67, down 44.5% from RMB 725,700,550.97 in 2023[24] - Basic earnings per share for the first three quarters of 2024 were RMB 0.14, down from RMB 0.26 in 2023[24] - Net profit for the first three quarters of 2024 was RMB 249,080,419.14, down 62.96% from RMB 671,231,634.61 in 2023[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥102,892,091,892.32, an increase of 18.09% from the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was ¥18,364,604,960.76, up 3.35% from the previous year[6] - The company reported a total liability of ¥84.17 billion, compared to ¥69.01 billion at the end of 2023, reflecting an increase of approximately 22%[21] - Total assets as of September 30, 2024, reached approximately ¥101.11 billion, up from ¥85.57 billion at the end of 2023, representing an increase of 18.1%[27] - Total liabilities as of September 30, 2024, amounted to approximately ¥83.23 billion, an increase of 22.1% from ¥68.13 billion at the end of 2023[28] - The total liabilities and shareholders' equity increased to RMB 18,725,483,465.85 as of September 30, 2024, from RMB 18,123,557,913.39 at the end of 2023[22] Cash Flow - Cash flow from operating activities showed a significant increase, reaching ¥12,977,293,226.32, compared to a negative cash flow in the previous year[13] - Cash flow from operating activities for the first three quarters of 2024 was RMB 12,262,676,531.52, a turnaround from a negative cash flow of RMB -560,557,311.56 in the previous year[31] - Cash inflow from investment activities for the first three quarters of 2024 was approximately ¥6.02 billion, a decrease of 44.5% compared to ¥10.77 billion in the same period of 2023[26] - Cash flow from investment activities yielded RMB 2,185,598,976.94, compared to a negative cash flow of RMB -2,033,879,378.91 in 2023[32] - Cash flow from financing activities resulted in a net outflow of approximately ¥1.21 billion in the first three quarters of 2024, contrasting with a net inflow of approximately ¥4.07 billion in the same period of 2023[26] Investments - The company reported a significant increase in investment business income compared to the same period last year, driving the growth in net profit[10] - Investment income turned negative at ¥-1,133,818,130.43, a decrease of 243.88% year-on-year due to market volatility[13] - Investment losses amounted to RMB -1,263,983,681.97, a significant drop from the investment income of RMB 618,433,952.45 in the previous year[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 114,652[14] - The largest shareholder, Wuxi Guolian Development Group Co., Ltd., holds 19.21% of the shares, with total indirect holdings reaching 48.60%[15] Corporate Governance - The board of directors includes both executive and non-executive members, ensuring diverse oversight[33] - The chairman of the board is Mr. Ge Xiaobo, indicating strong leadership presence[33] - The non-executive directors include Mr. Hua Weirong, Mr. Zhou Weiping, Mr. Wu Weihua, Ms. Li Suo, and Mr. Liu Hailin, contributing to governance[33] - Independent non-executive directors include Mr. Wu Xingyu, Mr. Zhu Hehua, and Mr. Gao Wei, enhancing independent oversight[33] - The company is committed to adhering to new financial reporting standards, reflecting a proactive approach to compliance[33] Future Plans - The company is planning to acquire a 99.26% stake in Minsheng Securities through the issuance of A-shares, with the proposal approved by the board on September 4, 2024[18] - The company will implement new accounting standards starting in 2024, affecting the financial statements from the beginning of the year[33] - The announcement was made on October 30, 2024, indicating a future timeline for the implementation of changes[33]

Financial Performance - The company's operating revenue for Q3 2024 was ¥919,015,751.86, representing a year-on-year increase of 31.26%[2] - The net profit attributable to shareholders for Q3 2024 was ¥308,143,123.63, showing a significant increase of 143.65% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥306,956,913.22, reflecting a year-on-year increase of 346.11%[2] - For the first three quarters of 2024, the total operating revenue was ¥2.00 billion, a decrease of approximately 20% compared to ¥2.51 billion in the same period of 2023[19] - The net profit for the first three quarters of 2024 was ¥401.86 million, down from ¥725.70 million in the same period of 2023, reflecting a decline of about 44%[19] - The total comprehensive income for the period was CNY 1,004,037,342.32, compared to CNY 1,122,220,263.02 in the previous year, reflecting a decrease of approximately 10.5%[21] - Basic and diluted earnings per share were both CNY 0.14, down from CNY 0.26 in the same period last year, indicating a decline of 46.2%[21] - The basic earnings per share for the first three quarters of 2024 was CNY 0.09, down from CNY 0.24 in the same period of 2023[30] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥102,892,091,892.32, an increase of 18.09% from the end of the previous year[3] - As of September 30, 2024, the total assets of the company reached ¥102.89 billion, an increase from ¥87.13 billion as of December 31, 2023, representing a growth of approximately 18%[18] - The company's total liabilities amounted to ¥84.17 billion, up from ¥69.01 billion, indicating a rise of about 22%[18] - The company's total liabilities were CNY 75,000,000,000.00, reflecting a year-over-year increase of approximately 10%[25] - Total liabilities increased to CNY 83,233,009,553.68 in 2024 from CNY 68,127,372,370.75 in 2023, marking a growth of 22.2%[28] Cash Flow - The cash flow from operating activities for the year-to-date period was not applicable, with net cash flow at ¥12,977,293,226.32[2] - The net cash flow from operating activities reached 12,977,293,226.32, a significant improvement from -1,650,034,767.90 in the previous year[10] - Cash flow from investing activities increased to 2,184,121,280.70, a rise of 1,345.67% year-on-year due to reduced cash payments for investments[10] - Cash flow from financing activities decreased to -1,208,618,564.39, a decline of 129.66% compared to the previous year, mainly due to reduced net cash inflow from debt issuance and repayment[10] - Cash flow from operating activities for the first three quarters of 2024 was CNY 12,262,676,531.52, a significant improvement from a negative cash flow of CNY -560,557,311.56 in 2023[31] - The net cash flow from financing activities was -1,170,712,170.80 CNY, compared to 4,091,997,637.49 CNY in the previous period[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 114,652[11] - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., holds 543,901,329 shares, representing 19.21% of total shares[12] - The total amount of pledged shares by major shareholders is 0, indicating no shares are currently under pledge[12] Investment and Income - The net interest income decreased to -128,624,779.29, a decline of 192.59% compared to the previous year[10] - Investment income dropped to -1,133,818,130.43, a decrease of 243.88% year-on-year due to market volatility[10] - The company reported a net interest income of -¥128.62 million for the first three quarters of 2024, compared to a net interest income of ¥138.92 million in the same period of 2023[19] - The company’s investment income for the first three quarters of 2024 was -¥1.13 billion, a significant decline from ¥788.02 million in the same period of 2023[19] - The company reported a significant increase in other comprehensive income to 922,777,500.13, up 187.30% year-on-year due to the increase in fair value of equity investments[10] - The company’s other comprehensive income after tax for the first three quarters of 2024 was ¥602.17 million, compared to ¥396.52 million in the same period of 2023, indicating an increase of approximately 52%[19] Financial Ratios - The weighted average return on net assets for Q3 2024 was 1.68%, an increase of 0.97 percentage points compared to the previous year[3] - The risk coverage ratio improved to 195.26% from 173.98% year-on-year[4] - The liquidity coverage ratio decreased to 155.05% from 167.36% year-on-year[4] Cash and Equivalents - The company’s cash and cash equivalents as of September 30, 2024, were ¥17.58 billion, an increase from ¥9.82 billion at the end of 2023, showing a growth of approximately 79%[17] - Total cash and cash equivalents at the end of the period reached CNY 29,636,650,468.44, up from CNY 16,162,321,450.85, marking an increase of 83.5%[24] - The total cash and cash equivalents at the end of the period reached 28,583,447,018.64 CNY, up from 14,818,720,226.44 CNY year-over-year[32] - The net increase in cash and cash equivalents was 13,276,749,198.48 CNY, compared to 1,498,307,622.60 CNY in the previous period[32] Corporate Actions - The company is planning to acquire a 99.26% stake in Minsheng Securities through the issuance of A-shares, with the transaction approved by the board on September 4, 2024[16] - The report was issued by the board of directors on October 30, 2024[33]

2024 年 9 月 27 日，公司收到上海证券交易所出具的《关于受理国联证券股 份有限公司发行股份购买资产并募集配套资金申请的通知》（上证上审（并购重 组）〔2024〕26 号），并披露了《国联证券股份有限公司发行股份购买资产并募集 配套资金暨关联交易报告书（草案）（申报稿）》（以下简称"草案（申报稿）"） 等文件，具体内容详见公司刊登在上海证券交易所网站（http://www.sse.com.cn） 的相关文件。 证券代码：601456 证券简称：国联证券 公告编号：2024-048 号 国联证券股份有限公司 关于发行股份购买资产并募集配套资金暨关联交易 报告书（草案）（申报稿）修订说明的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 国联证券股份有限公司（以下简称"公司"）拟发行 A 股股份购买民生证券 股份有限公司（以下简称"标的公司"）99.26%股份并募集配套资金（以下简称 "本次交易"）。本次交易构成重大资产重组，构成关联交易，不构成重组上市。 相较公司于 2024 年 8 月 9 日披露的《国联证券股份有 ...

Financial Performance - Total revenue, net investment income, and other income for the first half of 2024 amounted to RMB 1,840,238, a decrease of 27.01% compared to RMB 2,521,247 in the same period of 2023[7]. - Profit before tax for the first half of 2024 was RMB 54,531, down 92.82% from RMB 758,959 in the first half of 2023[7]. - Net profit attributable to shareholders for the first half of 2024 was RMB 87,708, representing an 85.39% decline from RMB 600,313 in the same period of 2023[7]. - Basic and diluted earnings per share for the first half of 2024 were both RMB 0.03, down 85.71% from RMB 0.21 in the first half of 2023[7]. - The company reported a net profit margin of 20%, maintaining strong profitability despite market challenges[110]. - The company reported a significant loss in net investment from financial instruments measured at fair value through profit or loss, amounting to (784,645) thousand in 2024 compared to (101,392) thousand in 2023[145]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 93,333,039, reflecting a 7.12% increase from RMB 87,128,874 at the end of 2023[8]. - Total liabilities as of June 30, 2024, were RMB 74,711,612, an increase of 8.27% from RMB 69,005,316 at the end of 2023[8]. - The equity attributable to shareholders of the company was RMB 18,263,647 as of June 30, 2024, up 2.79% from RMB 17,768,691 at the end of 2023[8]. - The company's debt-to-asset ratio was 77.86%, up 1.07 percentage points from 76.79% at the end of 2023, indicating stable leverage levels[54]. - The total amount of margin deposits delivered to futures and commodity exchanges decreased to RMB 46,625 thousand as of June 30, 2024, from RMB 361,852 thousand as of December 31, 2023, a decline of 87.1%[191]. Cash Flow - Net cash inflow from operating activities for the first half of 2024 was RMB 5,401,936, an increase of 83.32% compared to RMB 2,946,717 in the first half of 2023[7]. - The company reported a net cash inflow from investment activities of RMB 1,539,854 thousand for the first half of 2024, contrasting with a net cash outflow of RMB 1,276,959 thousand in the same period of 2023[123]. - The company’s financing activities generated a net cash inflow of RMB 932,986 thousand in the first half of 2024, compared to RMB 3,368,367 thousand in the same period of 2023[123]. Customer and Market Growth - The number of new customers added during the reporting period was 119,400, bringing the total customer base to 1.8558 million, a year-on-year increase of 10.06%[16]. - The company aims to enhance its online service capabilities and expand its service boundaries through digital transformation initiatives[17]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[110]. Strategic Initiatives - The company plans to enhance its asset allocation services and improve the efficiency of its service system in the second half of 2024[17]. - The company aims to strengthen compliance and risk management while exploring AI applications in business operations[53]. - The company plans to acquire 99.26% of Minsheng Securities through issuing A-shares and raising matching funds[64]. Risk Management - The company emphasizes a comprehensive risk management system to ensure risks are measurable, controllable, and bearable[67]. - The company has established a comprehensive risk management framework, including a risk management committee and a Chief Risk Officer responsible for overseeing risk management policies and practices[72]. - Credit risk is primarily associated with financing activities, including stock pledge repurchase transactions and bond investments, managed through an internal credit rating system[77]. Employee and Governance - As of June 30, 2024, the company has a total of 3,392 employees, with 2,389 in the parent company[66]. - The company’s board consists of one executive director, five non-executive directors, and three independent non-executive directors, ensuring appropriate checks and balances[91]. - The company has implemented a performance evaluation system covering risk management effectiveness for all employees[71]. Dividends and Share Capital - The company does not plan to distribute an interim dividend to shareholders[82]. - The company declared dividends amounting to RMB (402,112) thousand, reflecting its commitment to returning value to shareholders despite fluctuations in earnings[121]. - As of the end of the reporting period, the company has issued a total of 2,831,773,168 shares, comprising 2,389,133,168 A shares and 442,640,000 H shares[84].

Financial Performance - Total revenue, net investment income, and other income for the first half of 2024 amounted to RMB 1,840,238, a decrease of 27.01% compared to RMB 2,521,247 in the same period of 2023[8]. - Profit before tax for the first half of 2024 was RMB 54,531, down 92.82% from RMB 758,959 in the first half of 2023[8]. - Net profit attributable to shareholders for the first half of 2024 was RMB 87,708, representing an 85.39% decline from RMB 600,313 in the same period of 2023[8]. - Basic and diluted earnings per share for the first half of 2024 were both RMB 0.03, down 85.71% from RMB 0.21 in the first half of 2023[8]. - The net profit for the period was RMB 90,621 thousand, down 85% from RMB 601,044 thousand in the same period last year[117]. - The company reported a significant increase in fair value gains on equity investments, reaching RMB 1,075,384 thousand compared to RMB 375,697 thousand in the previous year[117]. - Total comprehensive income for the period was RMB 899,981 thousand, a decrease from RMB 989,601 thousand in the previous year[117]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 93,333,039, an increase of 7.12% from RMB 87,128,874 at the end of 2023[9]. - Total liabilities as of June 30, 2024, were RMB 74,711,612, reflecting an 8.27% increase from RMB 69,005,316 at the end of 2023[9]. - Equity attributable to shareholders increased to RMB 18,263,647, a 2.79% rise from RMB 17,768,691 at the end of 2023[9]. - The debt-to-asset ratio as of June 30, 2024, was 77.86%, an increase of 1.07 percentage points from 76.79% at the end of 2023[9]. - The company's total liabilities increased to RMB 49,138,052 thousand from RMB 43,200,022 thousand, reflecting a rise of approximately 13.8%[119]. - The equity attributable to shareholders reached RMB 18,263,647 thousand, up from RMB 17,768,691 thousand, marking an increase of about 2.8%[120]. Cash Flow and Investments - Net cash inflow from operating activities for the first half of 2024 increased by 83.32% to RMB 5,401,936, compared to RMB 2,946,717 in the first half of 2023[8]. - The company reported a net cash inflow from investing activities of RMB 1,539,854 thousand for the first half of 2024, contrasting with a net cash outflow of RMB 1,276,959 thousand in the previous year[127]. - The total cash and cash equivalents at the end of June 30, 2024, reached RMB 15,196,629 thousand, compared to RMB 8,765,598 thousand at the same time in 2023, showing robust liquidity[127]. - The company raised RMB 6.39 billion in new debt financing during the first half of 2024, with a total outstanding debt of RMB 26.785 billion as of June 30, 2024[59]. - The company issued new bonds generating cash inflow of RMB 6,797,152 thousand in the first half of 2024, compared to RMB 14,381,186 thousand in the same period of 2023[127]. Market and Business Operations - Revenue from brokerage and wealth management business was RMB 4.67 billion, down 5.48% year-on-year[15]. - Investment banking revenue decreased by 40.97% to RMB 1.80 billion[15]. - Asset management and investment business revenue surged by 102.06% to RMB 3.27 billion[15]. - The overall trading volume in the domestic securities market decreased, with a total trading amount of RMB 116 trillion in the first half of 2024, a year-on-year decline of 6.28%[16]. - The company added 119,400 new customers during the reporting period, bringing the total customer base to 1,855,800, a year-on-year increase of 10.06%[17]. - The company completed two equity financing projects, including one IPO project with an underwriting amount of RMB 0.17 billion and one refinancing project with an underwriting amount of RMB 0.278 billion[21]. Risk Management - The company emphasizes a comprehensive risk management system to ensure risks are measurable, controllable, and bearable, aiming for long-term value maximization[69]. - The board of directors is responsible for the overall risk management strategy, including approving major risk management policies and appointing the Chief Risk Officer[73]. - Credit risk is primarily derived from financing activities, including stock pledge repurchase transactions and OTC derivatives, with an internal credit rating system in place for assessment[80]. - The company implements liquidity risk limit management, setting limits based on business scale, nature, and market conditions, while maintaining a reserve of high-quality liquid assets[81]. - Operational risk management is enhanced through the optimization of internal control mechanisms and the establishment of an operational risk management system[82]. Corporate Governance - The company has implemented a compensation and nomination committee, which is primarily composed of independent non-executive directors[99]. - The company has adopted a code of conduct for securities transactions by directors and supervisors, ensuring compliance during the reporting period[96]. - The company held one shareholders' meeting and three board meetings during the reporting period, passing a total of 65 resolutions[97]. - The company strictly adheres to legal and regulatory requirements, ensuring compliance and good corporate governance practices[95]. Future Outlook - The company aims to enhance its asset allocation capabilities and improve service efficiency in the second half of 2024, focusing on a comprehensive asset allocation system[18]. - The company plans to increase the reserve of quality IPO and refinancing projects, particularly targeting the Sci-Tech Innovation Board and the Growth Enterprise Market[25]. - The company aims to enhance its bond service capabilities and expand its underwriting business in the Wuxi region in the second half of 2024[30]. - The company plans to explore AI and large model applications in business operations to improve efficiency and service delivery[55].

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 1,085,877,120, a decrease of 39.91% compared to CNY 1,807,078,426.17 in the same period last year[20]. - The net profit attributable to shareholders of the parent company was CNY 87,709,328.57, down 85.39% from CNY 600,312,605.07 year-on-year[20]. - The net cash flow from operating activities increased by 142.33% to CNY 6,367,623,822.02, compared to CNY 2,627,617,632.80 in the previous year[20]. - Total assets at the end of the reporting period reached CNY 93,333,039,263.26, reflecting a 7.12% increase from CNY 87,128,874,813.89 at the end of the previous year[20]. - The total liabilities increased by 8.27% to CNY 74,711,611,952.12, compared to CNY 69,005,316,900.50 at the end of the previous year[20]. - The basic earnings per share decreased by 85.71% to CNY 0.03 from CNY 0.21 in the same period last year[21]. - The weighted average return on equity decreased by 3.00 percentage points to 0.48% from 3.48% year-on-year[21]. Business Operations - The company's main business is highly correlated with the domestic macroeconomic environment and capital market trends, which poses significant operational risks[7]. - Guolian Securities holds various qualifications for securities business, including membership in both Shanghai and Shenzhen Stock Exchanges[12][13]. - The company has a comprehensive range of business qualifications, including internet securities business pilot qualifications and private fund comprehensive custody qualifications[13]. - The brokerage and wealth management business generated revenue of RMB 3.78 billion, a year-on-year increase of 1.36%[32]. - The investment banking business reported revenue of RMB 1.73 billion, a decline of 42.76% year-on-year[32]. - The asset management and investment business achieved revenue of RMB 3.21 billion, a significant increase of 98.31% year-on-year[32]. - The credit trading business's revenue was RMB 1.27 billion, down 17.07% year-on-year[32]. - The securities investment business saw revenue drop to RMB 0.12 billion, a decrease of 98.41% year-on-year[32]. Risk Management - The company emphasizes the importance of risk management in light of potential economic and policy changes affecting its performance[7]. - The company faces significant risks including market risk, credit risk, operational risk, and liquidity risk, with ongoing pressures from macroeconomic uncertainties in the second half of 2024[90]. - The company has established a comprehensive risk management system to ensure risks are measurable, controllable, and bearable, aiming for long-term value maximization[91]. - The risk management structure includes a board of directors, senior management, and dedicated risk management departments to oversee and implement risk management policies[92]. - The company has established a comprehensive market risk monitoring system, utilizing daily calculations of profit and loss, exposure, basis points, duration, and derivatives Greeks[99]. - Credit risk primarily arises from stock pledge repurchase transactions, financing business, and various types of bond investment transactions, including government bonds and corporate bonds[100]. - The company has implemented a daily position management and periodic liquidity analysis mechanism to dynamically manage the scale of fund usage across various businesses[101]. Client and Market Engagement - The company added 119,400 new clients during the reporting period, bringing the total client base to 1,855,800, a year-on-year increase of 10.06%[35]. - The total number of clients signed for fund advisory services reached 319,400, representing a year-on-year growth of 13.35%, with authorized account asset scale remaining stable at 6.958 billion RMB[35]. - Financial product sales (excluding cash management products) amounted to 9.647 billion RMB, a decrease of 14.24% year-on-year, while the ending balance of financial products was 19.370 billion RMB, remaining stable year-on-year[35]. Corporate Governance - The company held one shareholders' meeting during the reporting period, which complied with relevant laws and regulations[114]. - The company appointed Xue Chunfang as the chairman of the supervisory board, replacing Xu Faliang who retired[115]. - The company completed the employee stock ownership plan in 2022, raising a total of 68.11 million yuan with 342 participants[118]. - As of the end of the reporting period, the employee stock ownership plan had 298 participants holding a total of 16,686,000 shares, representing approximately 0.5892% of the company's total share capital[120]. Environmental and Social Responsibility - The company has committed to supporting green industries through various financial tools, with detailed information to be disclosed in the annual sustainability report[126]. - In March, the company allocated CNY 100,000 to support the "Tsinghua Friends - Guolian Securities Talent Scholarship" for rural revitalization and ESG research[128]. - In June, the company spent CNY 1.211 million to purchase agricultural products from poverty alleviation areas, contributing to the consolidation of poverty alleviation results[128]. - The company participated in a donation campaign, contributing CNY 446,000 to humanitarian aid and disaster relief efforts[128]. Debt and Financing - The company has issued bonds with a total balance of 10 billion RMB at an interest rate of 3.29%, maturing on August 30, 2024[161]. - The second bond issued has a total balance of 15 billion RMB at an interest rate of 3.50%, maturing on November 22, 2024[161]. - The company raised a total of RMB 1.5 billion through bond issuance, with the funds allocated to repay maturing corporate bonds[171]. - The actual amount used from the raised funds for repaying corporate bonds was RMB 1.49865 billion[174]. - The company has maintained compliance with the debt repayment guarantees and has timely paid all principal and interest on its bonds[167]. Compliance and Regulatory Matters - The company has taken steps to strengthen compliance and oversight in response to identified regulatory issues[134]. - The company has implemented corrective measures in response to regulatory warnings, including enhancing training on bond regulations and improving internal control processes[134]. - The company has not faced any credit rating adjustments during the reporting period[168]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[158].

Financial Performance - Guolian Securities expects a net profit of RMB 82.62 million for the first half of 2024, a decrease of RMB 517.69 million or 86.24% compared to the same period last year [2]. - The net profit attributable to the parent company, excluding non-recurring gains and losses, is projected to be RMB 74.93 million, down RMB 517.17 million or 87.34% year-on-year [2]. - In the same period last year, the net profit attributable to the parent company was RMB 600.31 million [4]. Market Conditions - The decline in performance is attributed to poor domestic securities market indices and trading activity, leading to reduced profitability in the company's securities investment business [5]. Business Strategy - The company has been expanding its capital and asset scale steadily while enhancing its financial leverage and diversifying its business structure [5]. - Guolian Securities aims to continue transforming its business model while closely monitoring market trends to improve its core competitiveness and service capabilities [5]. Earnings Forecast - The earnings forecast has not been audited by registered accountants [4]. - There are currently no significant uncertainties that could affect the accuracy of the earnings forecast [6]. - The data provided is preliminary and the final financial figures will be disclosed in the official 2024 semi-annual report [6].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 173,420,445.95, a decrease of 74.44% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was CNY -218,754,276.47, representing a decline of 205.50% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -226,728,574.83, down 211.91% from the previous year[4] - The net profit for Q1 2024 was CNY -216,647,616.36, compared to a net profit of CNY 207,346,319.54 in Q1 2023[18] - Net profit for Q1 2024 was -263,354,225.36, compared to a profit of 220,689,283.37 in Q1 2023[26] - The company reported a total comprehensive income of 97,211,031.38 for Q1 2024, down from 547,755,142.60 in Q1 2023[27] Cash Flow - The net cash flow from operating activities was CNY -1,018,886,181.06, not applicable for year-on-year comparison[4] - In Q1 2024, the company reported a net cash flow from operating activities of -1,018,886,181.06 RMB, compared to -373,105,033.42 RMB in Q1 2023, indicating a significant increase in cash outflow[21] - Cash flow from operating activities resulted in a net outflow of -1,230,557,441.19, compared to an inflow of 874,085,420.40 in the same quarter last year[28] - Total cash inflow from operating activities reached 11,379,043,727.26 RMB, up from 5,153,333,598.55 RMB in the same period last year, reflecting a growth of approximately 120%[21] - The company achieved a net cash flow from investing activities of 2,645,572,124.88 RMB, a recovery from a negative cash flow of -1,009,265,870.12 RMB in Q1 2023[21] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 93,232,012,683.67, an increase of 7.00% from the end of the previous year[5] - The total assets as of March 31, 2024, amounted to CNY 93,232,012,683.67, up from CNY 87,128,874,813.89 as of December 31, 2023[17] - Total liabilities as of March 31, 2024, were CNY 74,964,364,077.00, compared to CNY 69,005,316,900.50 at the end of 2023[17] - The company's total liabilities increased to 74,040,958,797.63 RMB from 68,127,372,370.75 RMB, indicating a rise of about 8.5%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 108,644[9] - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., holds 543,901,329 shares, accounting for 19.21% of total shares[9] - The second-largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., holds 442,495,570 shares, representing 15.63%[9] - The company has a total of 390,137,552 shares held by Guolian Trust Co., Ltd., which accounts for 13.78%[9] - The total number of A-share shareholders is 108,548, with H-share non-registered shareholders totaling 96[10] - The company’s major shareholders collectively hold 48.60% of the shares through various entities[10] - The company has no other known related party relationships or concerted actions among its major shareholders[10] Investment and Financing Activities - The company is planning to acquire control of Minsheng Securities through the issuance of A-shares, which is currently in the planning stage[14] - The company has decided to terminate the issuance of A-shares for the acquisition of Minsheng Securities due to uncertainties[13] - The company’s stock was suspended from trading on April 26, 2024, due to the planning of a major asset restructuring[14] - The company received cash from bond issuance amounting to 3,191,350,000.00 RMB in Q1 2024, down from 7,509,960,000.00 RMB in Q1 2023[23] - The cash outflow from financing activities was 2,011,857,519.48 RMB in Q1 2024, compared to 4,404,728,416.35 RMB in the same period last year, showing a decrease of approximately 54%[23] Income and Expenses - Total operating expenses for Q1 2024 were CNY 473,490,650.96, an increase from CNY 400,559,791.85 in Q1 2023[18] - Total operating expenses decreased to 299,604,125.95 from 320,620,249.13, reflecting a reduction in costs[26] - The company's interest and commission income increased to 713,497,105.29 RMB in Q1 2024 from 638,201,311.89 RMB in Q1 2023, reflecting a growth of about 11.8%[21] - The net interest income for Q1 2024 was CNY -26,790,613.64, a decline of 148.94% year-on-year[8] - Net interest income for Q1 2024 was CNY -26,790,613.64, compared to CNY 54,738,909.86 in Q1 2023[18] - Investment income showed a loss of -915,815,381.60, contrasting with a gain of 529,740,156.10 in the previous year[26] Equity and Returns - The equity attributable to shareholders of the listed company was CNY 17,910,673,625.94, up 0.80% from the end of last year[5] - The company's total equity as of March 31, 2024, was CNY 18,267,648,606.67, compared to CNY 18,123,557,913.39 at the end of 2023[17] - The company reported a total equity of 17,541,685,842.93 RMB as of March 31, 2024, slightly up from 17,444,474,811.55 RMB at the end of 2023[25] - The weighted average return on equity was -1.23%, a decrease of 2.45 percentage points compared to the previous year[4] - The basic earnings per share for Q1 2024 was CNY -0.08, down from CNY 0.07 in Q1 2023[20] Other Financial Metrics - The fair value changes in other equity investments resulted in a gain of CNY 373,708,489.64 in Q1 2024, compared to CNY 253,197,138.15 in Q1 2023[20] - The company experienced a foreign exchange gain of 39,248.23 in Q1 2024, compared to a loss of -357,138.48 in Q1 2023[29]