Financial Performance - Total revenue for Q1 2024 was CNY 178,976,300.11, representing an increase of 8.27% compared to CNY 165,299,348.86 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 13,266,963.32, a decrease of 327.56% from a profit of CNY 5,830,109.25 in the previous year[7] - The total comprehensive income for the quarter was RMB -13,208,519.84, representing a decline of 622.68% compared to the previous year[26] - The company reported a net loss of ¥13,266,963.32 for the current period, compared to a net profit of ¥5,830,109.25 in the previous period, indicating a significant decline in profitability[49] - The company reported a total profit of CNY -16,515,066.36 for the current period, compared to a profit of CNY 7,747,001.17 in the previous period, indicating a significant decline[61] Cash Flow - Cash flow from operating activities improved significantly to CNY 1,699,286,889.02, a 194.44% increase from a negative cash flow of CNY 1,799,404,576.67 in the same period last year[7] - Operating cash flow generated was ¥1,699,286,889.02, a substantial improvement compared to a negative cash flow of ¥-1,799,404,576.67 in the previous period, indicating better cash management[51] - The company’s cash inflows from operating activities totaled ¥2,483,579,242.18, significantly higher than ¥168,028,309.98 in the previous period, indicating improved operational efficiency[51] - The company’s cash outflows for operating activities were ¥784,292,353.16, down from ¥1,967,432,886.65 in the previous period, suggesting better cost control measures[51] - The net increase in cash and cash equivalents for the period was approximately ¥1.36 billion, compared to a decrease of -¥1.89 billion in the previous period[71] Assets and Liabilities - Total assets increased by 23.51% to CNY 11,502,806,021.90 from CNY 9,313,077,143.89 at the end of the previous year[7] - Total liabilities increased to CNY 9,668,521,236.24 from CNY 7,465,583,838.39, representing an increase of about 29.4%[59] - The company's cash and cash equivalents amounted to CNY 6,200,027,276.60, compared to CNY 4,840,823,714.33 in the previous period, reflecting an increase of approximately 28.1%[56] - The company reported a significant increase in contract liabilities to CNY 2,636,928.00 from CNY 446,185.04, indicating a growth of approximately 492.5%[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,794[27] - The company plans to distribute a cash dividend of RMB 0.04 per share, totaling RMB 4,031,111.11, which accounts for 51.74% of the net profit attributable to shareholders for 2023[34] - The company’s basic and diluted earnings per share were both ¥-0.0132, compared to ¥0.0058 in the previous period, reflecting the impact of the net loss on shareholder value[50] Operational Highlights - Operating income decreased by 79.54% compared to the same period last year, primarily due to a significant drop in penalty income from subsidiaries[26] - Operating expenses increased by 1,055.84% year-on-year, mainly due to the company paying overdue social security contributions during the reporting period[26] - Revenue from sales of goods and services amounted to ¥122,682,099.33, up from ¥85,608,196.33 in the previous period, showing growth in operational activities[51] Investment Activities - Cash inflow from investment activities totaled approximately ¥1.97 billion, a significant increase from ¥183.67 million in the previous period[66] - Net cash outflow from investment activities was approximately -¥319.56 million, compared to -¥57.33 million in the prior period[66] Future Plans and Changes - The company plans to change its name to "Su Hao Hong Ye Futures Co., Ltd." and the stock abbreviation to "Su Hao Futures," pending approval at the 2023 annual shareholders' meeting[54] - The company will implement new accounting standards starting in 2024, affecting the financial statements[67] Miscellaneous - There were no other non-recurring profit and loss items reported during the period[21] - The first quarter report has not been audited[72] - The company has appointed Mr. Chu Kai-Rong as the acting chairman as of January 8, 2024[54]

Business Performance - The company reported a steady growth in brokerage business, with asset management business improving steadily and risk management business developing rapidly[4]. - The company's operating revenue for 2023 was RMB 194,322 million, representing a 27.20% increase compared to RMB 152,775 million in 2022[76]. - Net profit attributable to shareholders for 2023 was RMB 779 million, a decrease of 37.07% from RMB 1,238 million in 2022[76]. - The total trading volume for the company was RMB 5,173.92 billion, down 21.25% from RMB 6,570.01 billion in 2022[44]. - The cumulative trading volume in China's futures market for 2023 was 8.501 billion contracts, with a total transaction value of RMB 56.851 trillion, marking a year-on-year increase of 25.60% and 6.28% respectively[71]. - The company experienced a significant cash outflow from operating activities amounting to RMB -161,715 million in 2023, compared to an inflow of RMB 192,509 million in 2022, indicating a 184.00% decline[76]. - The company’s total trading volume was 83.54 million lots, a decrease of 8.32% from 91.13 million lots in 2022[44]. - The company’s debt-to-asset ratio was reported at 1.24[38]. Market and Regulatory Environment - The company’s business performance is closely related to the trends in the securities and futures markets, influenced by macroeconomic factors and regulatory policies[42]. - The company reported a challenging economic environment in 2023, characterized by insufficient effective demand and industry overcapacity, with a focus on high-quality development as a priority for 2024[99]. - The company emphasizes the importance of long-term strategic planning to enhance confidence and stability in its development amidst rising external uncertainties[99]. Product Development and Innovation - The company launched 21 new futures and options products in 2023, bringing the total number of products to 131, covering key sectors of the national economy[160]. - The introduction of lithium carbonate futures and options in July 2023 marked a significant innovation, being the first physical delivery futures product globally in this category[160]. - The company has successfully launched low-sulfur fuel oil futures to support the transition in the shipping fuel market, aligning with the "dual carbon" strategy[160]. - The company has established a comprehensive yield curve for government bonds, covering key maturities from 2 to 30 years with the introduction of 30-year government bond futures[160]. - The company is actively enhancing its product system and optimizing product rules to attract more participants and improve market quality[161]. Financial Management - The company’s net capital ratio to total risk capital reserves was 266% as of December 31, 2023, up from 244% in 2022[64]. - The asset-liability ratio as of December 31, 2023, was 25%, an increase from 24% in the previous year[175]. - The company’s net assets attributable to shareholders increased by 0.55% to RMB 18.47 billion[175]. - As of December 31, 2023, the company's net capital was RMB 841 million, a decrease of RMB 73 million compared to RMB 914 million at the end of 2022[158]. Corporate Governance and Strategy - The company emphasizes the importance of corporate governance and has undergone several structural changes since its establishment[22]. - The company is committed to ensuring the accuracy and completeness of its annual report, taking legal responsibility for any misleading statements or significant omissions[97]. - The company aims to enhance its core competitiveness and strengthen its core functions, focusing on three service ecosystems: industrial clients, institutional clients, and retail investors[125]. - The company plans to leverage historical opportunities during the new round of opening reforms to create greater value for clients and investors[125]. - The company is committed to high-quality development in 2024, which is a key year for completing the "14th Five-Year Plan" tasks[125]. - The company will adopt more pragmatic operational measures to achieve its strategic vision[125]. - The company emphasizes the importance of uniting all employees to accelerate the construction of a competitive domestic leading futures company[125]. - The company is focused on serving national strategies, local economies, and group development as its main work line[125]. - The company has established a platform filled with confidence and positive energy for its stakeholders[125]. Risk Management - The company is committed to risk management and financial innovation to support the real economy[4]. - The company acknowledges the need to address investment risks associated with its future plans and development strategies[98]. - The company’s risk control indicators are in compliance with regulatory requirements[158]. Shareholder Information - The company has a total of 249.7 million H shares outstanding[8]. - The company’s major shareholder is Jiangsu Suhao Holding Group Co., Ltd., a state-owned enterprise established in 1994[102]. - The company has a total of 227,000,000 H shares issued, with an additional 22,700,000 H shares sold by shareholders, listed on the Hong Kong Stock Exchange since December 30, 2015[102]. - The company issued 100,777,778 A shares, which were listed on the Shenzhen Stock Exchange on August 5, 2022, and has a total of 758,077,778 A shares outstanding as of the report date[101]. Honors and Recognition - The company received over 40 honors in 2023, including recognition as a "Leading Enterprise in High-Quality Development" in Jiangsu Province[88]. - The company received over 40 honors, including "Leading Enterprise in High-Quality Development" and "Outstanding Contribution Award for Rural Revitalization" in Jiangsu Province[162].

Financial Performance - The company's net cash flow from operating activities in 2023 was RMB -1.617 billion, a decrease of RMB 3.542 billion compared to RMB 1.925 billion in 2022[26]. - Operating revenue for 2023 reached RMB 194,322 million, an increase of 27.20% compared to RMB 152,775 million in 2022[139]. - Total profit for 2023 was RMB 1,047 million, a decrease of 34.17% from RMB 1,591 million in 2022[139]. - Net profit attributable to shareholders for 2023 was RMB 779 million, down 37.07% from RMB 1,238 million in 2022[139]. - Basic earnings per share for 2023 were RMB 0.0077, down from RMB 0.0132 in 2022[139]. - The weighted average return on net assets was 0.42% for 2023, compared to 4.84% in 2022[138]. - The company reported a net cash outflow from operating activities of RMB -161,715 million, a significant decline of 184.00% compared to RMB 192,509 million inflow in 2022[139]. - The company's total assets as of December 31, 2023, amounted to RMB 931,308 million, a decrease of RMB 117,085 million or 11.17% compared to 2022[159]. - The total liabilities were RMB 746,558 million, down by RMB 118,102 million or 13.66% from the previous year[159]. - The equity attributable to shareholders of the company was RMB 184,749 million, reflecting a slight increase of RMB 1,017 million or 0.55% year-on-year[159]. - The company's net capital as of December 31, 2023, was RMB 841 million, a decrease of RMB 73 million from RMB 914 million at the end of 2022[164]. - The company maintained a debt-to-asset ratio of 25% as of December 31, 2023, compared to 24% in 2022[159]. Business Operations - The company's securities brokerage business revenue increased by 164.73% year-on-year, with trading volume growing by 112.38%[36]. - The company has expanded its asset management business, becoming an investment advisor for multiple public funds and launching new fund products in collaboration with local brokers in Hong Kong[25]. - The group maintained its core business in futures brokerage, asset management, commodity trading, risk management, and financial asset investment without significant changes[40]. - The company launched over 20 new futures and options products in 2023, enhancing its service capabilities for risk management[172]. - The company reported a decrease in client equity payable of RMB 123,306 million or 15.27% year-on-year, totaling RMB 684,087 million[159]. - The company's market share in futures brokerage was 0.46%, with total trading volume of RMB 5.17392 trillion, down 21.25% from RMB 6.57001 trillion in 2022[173]. - The company’s commission rate for domestic comprehensive futures and options brokerage increased by 5.56% to 0.0038% in 2023[173]. - The company plans to expand its futures business scope and enhance its derivative trading capabilities following the anticipated release of the 2024 Futures Company Supervision and Management Measures[170]. Risk Management and Governance - The company has established a comprehensive risk management system covering all business processes and departments[12]. - The company has implemented strict investor suitability management to control credit risk and enhance investor education[6]. - The company actively enhances data security management and has implemented multiple security measures to protect customer information[10]. - The company’s governance structure includes a board of directors and a supervisory board, ensuring compliance with corporate governance codes[62]. - The company has established a comprehensive governance structure, including various specialized committees such as the Audit Committee and the Risk Management Committee[9]. - The company is subject to regulations from the China Securities Regulatory Commission, which oversees its operations[62]. - The company is committed to transparency and corporate governance, as evidenced by its compliance with public interest entity auditor regulations[100]. Strategic Initiatives - The company is committed to ESG responsibilities, laying a solid foundation for sustainable development and long-term value creation[10]. - The company aims to enhance core competitiveness and strengthen core functions, focusing on serving national strategies and local economies[82]. - The company is dedicated to promoting high-quality development and seizing new development opportunities[82]. - The company plans to create three service ecosystems targeting industrial clients, institutional clients, and retail investors[82]. - Emphasis on technological innovation to enhance customer experience and support rural revitalization initiatives[82]. - The company is actively pursuing market expansion and new product development, although specific figures were not disclosed in the provided content[62]. Capital Structure - The company issued a total of 100,777,778 A-shares, with a registered capital of RMB 1,007,777,778 after the IPO[18]. - The registered capital of the company increased to RMB 100,777.78 million, focusing on commodity futures brokerage, financial futures brokerage, and asset management services[116]. - The company completed a capital increase in January 2023, raising registered capital from RMB 39,000 million to RMB 50,000 million[131]. - The company has undergone several capital increases, with the registered capital reaching RMB 3.8 billion in 2011, maintaining the same equity structure[124]. - The company was renamed Jiangsu Holly Futures Co., Ltd. in 1999, with a registered capital of RMB 30 million after a capital increase[104]. - The company has a significant ownership structure, with Jiangsu Craft holding 94% and Pengcheng International holding 6% after the 1999 capital increase[104]. Awards and Recognition - The group received over 40 honors, including "Leading Enterprise in High-Quality Development" in Jiangsu Province[58].

Financial Performance - Total revenue for the reporting period was ¥180,039,956.97, a decrease of 17.33% compared to the same period last year[1] - Net profit attributable to shareholders was -¥6,216,092.79, an increase of 3.15% year-on-year, while year-to-date net profit decreased by 96.84% to ¥910,875.82[1] - Basic and diluted earnings per share were both -¥0.0062, reflecting an increase of 8.82% compared to the same period last year[1] - The company reported a significant decline in investment income, with a loss of -¥11,161,429.38 compared to a gain of ¥1,733,032.45 in the previous period[6] - Net profit fell by 96.84% to ¥910,875.82, primarily due to a decrease in total profit[41] - Total profit decreased by 95.14% to ¥1,811,265.89, attributed to a decline in net commission income and an increase in business and management expenses[41] - Other comprehensive income after tax decreased by 67.96% to ¥4,410,230.28, largely due to significant foreign exchange translation differences in the previous year[41] - Total comprehensive income for the period was 5,321,106.10, down from 42,603,462.04 in the previous period, representing a decline of approximately 87.5%[71] Cash Flow - The net cash flow from operating activities was -¥2,280,962,072.67, a significant decrease of 572.65% compared to the previous year[1] - Cash inflow from operating activities was ¥993,865,309.02, compared to ¥818,799,948.55 in the previous period[11] - Net cash flow from investment activities was -143,660,341.99, compared to -2,713,001.10 in the previous period, indicating a significant increase in cash outflow[73] - The company reported cash inflows from investment activities totaling 11,488,407,839.40, compared to 4,955,309,131.56 in the previous period, indicating a substantial increase[73] - Cash outflows from financing activities totaled 94,410,477.30, compared to 87,852,687.80 in the previous period, showing an increase in cash outflow[73] - The company experienced a foreign exchange impact on cash and cash equivalents of 4,559,973.19, compared to 18,641,250.72 in the previous period[73] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,467,243,864.02, a decrease of 19.24% from the end of the previous year[1] - Cash and cash equivalents decreased by 38.30% from RMB 6,348,666,153.74 at the end of 2022 to RMB 3,917,141,861.26[33] - Total liabilities decreased from 8,646,604,790.55 to 6,624,598,848.74, a reduction of approximately 23.4%[68] - Owner's equity increased from 1,837,323,909.18 to 1,842,645,015.28, reflecting a growth of about 0.3%[68] - The total assets reported were 8,467,243,864.02, down from 10,483,928,699.73, reflecting a decrease of approximately 19.3%[68] - The payable margin decreased to $6.05 billion from $7.09 billion, a reduction of about 14.6%[75] - The company reported a decrease in other payables from $149.44 million to $66.88 million, a decline of approximately 55.3%[75] Investments - Financial investments increased to $603.68 million as of September 30, 2023, from $558.85 million on January 1, 2023, representing an increase of approximately 8.2%[75] - Long-term equity investments rose slightly to $8.33 million from $8.25 million, showing a growth of about 1%[75] - The company reported a significant increase of 326.95% in funds lent, rising from RMB 5,953,971.21 to RMB 25,420,197.54[33] - Investment income turned negative at -¥11,161,429.38, a decline of 744.04% compared to the previous year, mainly due to losses from derivative financial instruments disposed of by Hongye Capital[41] Compliance and Reporting - The company guarantees the authenticity, accuracy, and completeness of the quarterly report[24] - The report is prepared in accordance with the relevant disclosure regulations applicable to listed companies on the Shenzhen Stock Exchange[15] - The company’s cash flow statement for the year-to-date period has not been audited[78] - The company has not applied the new accounting standards for the current reporting period[82]

Financial Performance - The company's operating revenue for the first half of 2023 was RMB 91,099 million, an increase of 21% compared to RMB 75,474 million in the same period of 2022[12] - Net profit attributable to shareholders for the first half of 2023 was RMB 713 million, a decrease of 80% from RMB 3,525 million in the same period of 2022[12] - In the first half of 2023, the company achieved operating revenue of RMB 793 million, a year-on-year increase of 31%, and a total profit of RMB 21.13 million, up 104% year-on-year[38] - The revenue for the first half of 2023 reached RMB 1.5 billion, representing a 20% growth compared to the same period last year[160] - The company has set a revenue guidance of RMB 3 billion for the full year 2023, which would mark a 30% increase from 2022[162] Asset and Liability Management - The total assets as of June 30, 2023, were RMB 961,687 million, down 8% from RMB 1,048,393 million at the end of 2022[15] - The company's total liabilities as of June 30, 2023, were RMB 776,720 million, a decrease of 10% from RMB 864,660 million at the end of 2022[15] - The company's net capital as of June 30, 2023, was RMB 746 million, a decrease of RMB 168 million from RMB 914 million at the end of 2022[22] - The asset structure remains stable, with current assets accounting for 95.59% of total assets, indicating strong liquidity[57] - The asset-liability ratio of the group was 24%, showing little change compared to the end of 2022[107] Client Engagement and Market Position - The company had a client equity of RMB 71.69 billion and an agency transaction volume of RMB 24,933.44 billion for the first half of 2023[27] - The average daily client equity increased by 7.03% year-on-year, indicating a stable growth in client engagement[60] - User data indicates a 25% increase in active clients, bringing the total to 500,000 as of June 30, 2023[161] - The company aims to achieve a client equity breakthrough of RMB 10 billion by enhancing market competitiveness and customer loyalty[45] Product Development and Innovation - The company launched 4 new asset management products during the reporting period, exceeding the industry average[37] - The company introduced 120 new fund products, increasing the total number of fund products to 2,020, with a sales scale of RMB 63.08 million[68] - The company is focusing on innovation in business models, particularly in futures and derivatives, to adapt to market changes and enhance profitability[61] - The company aims to enhance its asset management business by improving product diversity and strengthening active management capabilities, targeting sustainable asset value growth[72] Risk Management and Compliance - The company plans to optimize its risk management business by expanding coverage of basis trading and enhancing service depth for end enterprises, while controlling risks[74] - The company emphasizes liquidity management, focusing on the organic combination of safety, liquidity, and profitability of funds[110] - The company has implemented strict investor suitability management to assess new clients' identity, creditworthiness, and the adequacy of funds for futures trading[138] - The company actively manages market risks by adjusting hedging positions according to market changes[135] Strategic Initiatives and Future Plans - The company plans to expand its international business and enhance risk management while increasing the proportion of stable investments[46] - The company is exploring cross-border revenue swap business to enhance profitability and leverage its financial platforms[76] - The group plans to focus on the development of green low-carbon derivatives and enhance collaboration with industries such as chemicals, steel, textiles, and energy[104] - The company aims to increase its FOF (Fund of Funds) offerings, projecting a 40% growth in this segment by 2024[162] Employee and Organizational Structure - As of the reporting period, the total number of employees in the group was 671[129] - The total employee cost, including director remuneration, amounted to approximately RMB 83.37 million[145] - The company has established a comprehensive training program to enhance the professional skills and capabilities of its employees across various business lines[145] Legal and Regulatory Matters - There were no significant lawsuits or arbitration matters during the reporting period[195] - The company successfully defended against a lawsuit involving a claim for RMB 21 million in principal and RMB 5.04 million in interest, with the court ruling in favor of the company[196] - There were no unresolved significant lawsuits or arbitration matters during the reporting period[197] Financial Instruments and Investments - The company has not used financial instruments to hedge against exchange rate risks during the reporting period[112] - The total amount of funds raised from the public offering of A-shares was RMB 187.45 million, with a net amount of RMB 161.35 million after deducting issuance costs[122] - The company has allocated RMB 1.905 million of remaining funds for the purchase of IT equipment and software[120]

Financial Performance - The company achieved total operating revenue of RMB 911 million for the six months ended June 30, 2023, representing a year-on-year growth of 21%[6]. - Net profit attributable to shareholders decreased by 80% year-on-year to RMB 7.13 million, with earnings per share at RMB 0.0071[6]. - The total profit for the first half of 2023 was RMB 1,026 million, representing a decrease of 78% from RMB 4,603 million in the first half of 2022[186]. - Net profit attributable to shareholders for the first half of 2023 was RMB 713 million, down 80% from RMB 3,525 million in the same period last year[186]. - The net cash flow from operating activities was negative RMB 145,341 million, a decline of 143% compared to positive RMB 338,683 million in the first half of 2022[186]. - The weighted average return on equity was 0.39%, down by 1.68 percentage points compared to the previous year[6]. - The diluted earnings per share for the first half of 2023 was RMB 0.0071, compared to RMB 0.0389 in the same period of 2022[185]. - The weighted average return on equity for the first half of 2023 was 0.39%, down from 2.07% in the first half of 2022[186]. Assets and Liabilities - The company's total assets decreased from CNY 10,498,823,434.03 on January 1, 2023, to CNY 9,706,306,253.88 on June 30, 2023, indicating a decline of about 7.6%[151]. - Total liabilities decreased from CNY 8,646,604,790.55 on January 1, 2023, to CNY 7,767,202,416.64 on June 30, 2023, representing a reduction of approximately 10.1%[124]. - The company's cash and cash equivalents decreased from CNY 6,071,853,272.01 on January 1, 2023, to CNY 4,429,135,983.14 on June 30, 2023, a drop of approximately 27.0%[151]. - The company's equity attributable to shareholders increased from CNY 1,837,323,909.18 on January 1, 2023, to CNY 1,849,663,985.52 on June 30, 2023, reflecting a growth of about 0.7%[149]. - The company's retained earnings rose from CNY 60,537,412.94 on January 1, 2023, to CNY 67,664,381.55 on June 30, 2023, an increase of approximately 11.0%[149]. - The company's asset-liability ratio remained stable at 24% as of June 30, 2023, consistent with the end of 2022[186]. Risk Management and Governance - The company is focusing on enhancing risk management capabilities and optimizing trading strategies to improve overall profitability[1]. - The company has established a comprehensive risk management system covering all business processes, ensuring clear roles and responsibilities for each department and employee[34]. - The board of directors is responsible for setting strategic risk management goals and ensuring effective implementation of the risk management system[36]. - The company has implemented strict investor suitability management systems to assess new clients' identity, creditworthiness, and capital adequacy for futures trading[29]. - The company has established a risk management organizational structure to ensure compliance with internal policies and evaluate risks associated with major business activities[57]. - The company appointed a new Chief Risk Officer on July 5, 2023, indicating a focus on enhancing corporate governance[85]. - The company has adhered to all provisions of the Corporate Governance Code during the reporting period[59]. Strategic Initiatives - The company plans to strengthen proactive management capabilities and improve asset management product yields[2]. - The company is committed to digital transformation and enhancing its data governance system to maximize the value of accumulated data[3]. - The company is actively promoting business innovation to expand customer resources and revenue sources, enhancing profitability[195]. - The company aims to achieve a "100 billion" target, focusing on core business operations and leveraging its "A+H" listing platform advantages[194]. - The company is focusing on enhancing its financial position and operational efficiency through strategic restructuring and management changes[137]. Shareholder and Corporate Structure - As of June 30, 2023, Suhao Holdings directly and indirectly held approximately 42.83% of the company's total issued shares[68]. - Suhao Holdings is a state-owned enterprise fully controlled by the Jiangsu Provincial State-owned Assets Supervision and Administration Commission, established in April 1994 with a registered capital of RMB 2 billion[78]. - The public float for H shares is approximately 24.78% and for A shares is 10.00%, complying with the relevant regulations of the Listing Rules[93]. - The company has undergone a restructuring, resulting in Suhao Holdings owning 49.17% of the company's total share capital after the transfer of shares from Suhui Company[88]. - The company has appointed new independent directors and a deputy general manager, indicating a potential shift in governance and management strategy[133][135]. Legal and Compliance - The company faced a lawsuit from a client seeking RMB 21 million in damages, which was ultimately dismissed by the court[80]. - The company has complied with the disclosure requirements of Chapter 14A of the Listing Rules regarding related party transactions[67]. - The company reported no significant legal disputes or arbitration matters during the reporting period[105]. Market Conditions - The company's performance is closely related to the trends in the securities and futures market, which are influenced by macroeconomic conditions[194]. - The company is facing challenges due to intensified market competition and the need for innovation in business models and services[195].

证券代码：001236 证券简称： 公告编号：2023-047 一、董事会会议召开情况 弘业期货股份有限公司（以下简称"本公司"或"公司"）于2023年8月29日在公司 会议室以现场结合通讯会议方式召开第四届董事会第十五次会议。提议召开本次会议的通 知已于2023年8月14日以电子邮件方式发出。会议由董事长周剑秋女士主持，本次会议应 出席董事8人，实际出席8人，通讯出席2人（姜琳先生、单兵先生以通讯方式参加会议）， 监事及部分高管列席会议。会议召开符合《公司法》、《深圳证券交易所股票上市规则》 等有关法律法规和《弘业期货股份有限公司章程》（以下简称"《公司章程》"）的规定 二、董事会会议审议情况 经审议，本次会议表决形成如下决议： （二）会议审议通过了《关于公司2023年中期业绩公告与中期报告（H股）的议案》。 根据香港联合交易所有限公司证券上市规则、《期货公司监督管理办法》等法律法规 以及监管部门的要求，公司编制了H股2023年半年度报告，包括公司截至2023年6月30日止 六个月之未经审核综合业绩公告。 本议案同意票8票，反对票0票，弃权票0票。 （三）会议审议通过了《关于公司2023年上半年净资本等各项 ...

Financial Performance - For the first quarter ending March 31, 2023, the total operating revenue was RMB 165,299,348.86, a decrease of 21.39% compared to RMB 210,283,134.20 in the same period last year[10] - The net profit attributable to shareholders was RMB 5,830,109.25, down 17.29% from RMB 7,048,446.92 year-on-year[10] - Basic and diluted earnings per share were both RMB 0.0058, a decrease of 25.64% from RMB 0.0078 in the same period last year[10] - Total profit decreased to ¥7,747,001.17 from ¥9,367,589.47, a decrease of approximately 17.3%[35] - The net profit for the current period is 5,830,109.25, a decrease of 17.3% compared to the previous period's net profit of 7,048,446.92[53] - The total comprehensive income for the current period is 2,527,097.10, down from 6,028,051.86 in the previous period, indicating a significant decline[54] Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 1,799,404,576.67, representing a decline of 746.03% compared to RMB 278,533,354.86 in the previous year[10] - Cash received from sales of goods and services decreased to 85,608,196.33 CNY from 161,561,486.26 CNY, representing a drop of approximately 47%[62] - Cash received from interest, fees, and commissions was 65,749,803.32 CNY, down from 85,351,965.21 CNY, indicating a decrease of about 23%[62] - Total cash outflow from operating activities increased to 1,967,432,886.65 CNY, compared to 1,036,591,503.93 CNY in the previous period, reflecting a rise of approximately 90%[62] - Cash and cash equivalents decreased from approximately ¥6.35 billion to about ¥4.46 billion, with client margin deposits also declining significantly[32] - The company's cash and cash equivalents are not explicitly detailed in the provided data, but the overall asset reduction suggests a tightening liquidity position[50] Assets and Liabilities - Total assets at the end of the reporting period were RMB 9,632,108,986.79, down 8.13% from RMB 10,483,928,699.73 at the end of the previous year[10] - Total assets decreased from approximately ¥6.35 billion at the beginning of the year to about ¥4.46 billion at the end of the reporting period[32] - Total liabilities decreased from 8,646,604,790.55 to 7,792,257,980.51, representing a decline of about 9.9%[51] - The company reported a decrease in deferred tax assets from 16,637,688.15 to 12,766,588.94, a decline of approximately 23.4%[50] Income and Expenses - Net commission income decreased by 41.42% to approximately ¥45.68 million from ¥77.98 million year-on-year, primarily due to declines in brokerage and asset management fees[25] - Brokerage fees fell by 41.40% to about ¥44.22 million compared to ¥75.47 million in the previous year, attributed to a reduction in trading volume and exchange fees[25] - Total operating expenses decreased to ¥157,808,971.54 from ¥200,976,500.39, a reduction of approximately 21.5%[35] - Other income decreased by 67.47% to approximately ¥42.98 million, primarily due to a decline in individual income tax refunds received during the reporting period[25] - Investment losses increased by 111.60%, reaching approximately -¥10.96 million, mainly due to losses from derivative financial instruments disposed of by a subsidiary[25] Equity and Shareholder Information - The equity attributable to shareholders increased slightly by 0.14% to RMB 1,839,851,006.28 from RMB 1,837,323,909.18 at the end of the previous year[10] - The total equity attributable to the parent company increased slightly from 1,837,323,909.18 to 1,839,851,006.28, indicating a marginal growth of 0.1%[51] - The company has maintained its share capital at 1,007,777,778.00, unchanged from the beginning of the year[51] Other Financial Metrics - The margin of futures margin deposits decreased by 31.16% to RMB 4,148,872,664.64, primarily due to a decline in client equity scale[24] - The receivable margin deposits increased by 57.06% to RMB 3,227,120,317.13, mainly due to an increase in settlement reserves held at the exchange[24] - The company reported a significant decrease of 98.26% in derivative financial assets to RMB 334,634.73, attributed to a reduction in the scale of options contracts held by a subsidiary[24] - Fair value gains increased significantly by 168.43% to approximately ¥23.98 million, driven by an increase in the fair value of financial assets held by the company[25] - Foreign exchange losses improved by 71.06%, amounting to approximately -¥115,910.74, as the company experienced reduced foreign exchange losses from currency fluctuations[25]

Financial Performance - In 2022, the company achieved a revenue of RMB X, representing a year-on-year decrease of 6.84%, and a net profit of RMB Y, down 84.56% year-on-year[47]. - The company's operating revenue was RMB 152,775 million, a decrease of RMB 11,211 million or 6.84% compared to 2021[136]. - The total profit for 2022 was RMB 1,591 million, down by RMB 9,330 million or 85.43% from the previous year[136]. - Net profit attributable to shareholders was RMB 1,238 million, representing a decline of RMB 6,783 million or 84.56% year-on-year[136]. - The basic and diluted earnings per share for 2022 were RMB 0.0132, down from RMB 0.0884 in 2021[136]. - The company's operating revenue decreased by 6.84% year-on-year, while net profit fell by 84.56%[192]. Capital and Share Structure - The total number of A-shares issued by the company is 758,077,778, with 657,300,000 domestic shares converted to A-shares[48]. - The company completed its A-share issuance on August 5, 2022, with a total of 100,777,778 A-shares issued[48]. - The company reported a registered capital increase to RMB 50,000 million in December 2022, reflecting a 100% ownership structure[125]. - The company completed the issuance of 100,777,778 A shares, increasing its registered capital to RMB 1,007,777,778[71]. - Jiangsu Suhao Holding Group Co., Ltd. holds 27.33% of the total share capital, while Jiangsu Hongye Co., Ltd. holds 14.68%[71]. - The company has maintained a stable shareholder structure with no changes in investment ratios post-capital increases[90]. Business Operations and Strategy - The company has expanded its "insurance + futures" business footprint to cover 14 provinces across the country, contributing to social responsibility efforts[26]. - The company aims to leverage its A-share listing as an opportunity to enhance its development goals and create greater social value in 2023[47]. - The company is focused on deepening reforms and upgrading its operations to achieve better business performance[47]. - The company is committed to improving its governance and operational efficiency as part of its long-term strategy[121]. - The company has been actively involved in futures trading and investment consulting, indicating a diversified service offering[128]. - The company aims to enhance its market share through strategic expansions and partnerships in the financial services sector[44]. Market Performance - The agency transaction volume decreased by 24.62% year-on-year, while the average customer equity increased by 27.65% year-on-year[47]. - The trading volume in the futures market showed a decline, with the Shanghai Futures Exchange's volume decreasing by 23.09% year-on-year[158]. - The company maintained a strong position in the global futures market, with domestic futures and options accounting for 72.3% of global trading volume[157]. - The group achieved a trading volume of RMB 6.570 trillion, a decline of 24.62% from 2021, with a market share of 0.61%[194]. Social Responsibility and Community Engagement - During the reporting period, the company raised approximately RMB 38,000 through a charity event and donated RMB 1 million to support the development of the Xinjiang cotton industry[14]. - The "Insurance + Futures" project was launched with 143 projects covering 14 provinces, insuring agricultural products worth over RMB 1.2 billion[197]. Regulatory Compliance and Governance - The company has confirmed compliance with non-competition commitments from its major shareholder, Suhao Holdings, during the reporting period[12]. - The company has not engaged in any significant transactions or contracts that would benefit its directors or supervisors during the reporting period[20]. - The company's financial reports are prepared in accordance with Chinese accounting standards and audited by a reputable firm, ensuring accuracy and completeness[101]. - The company emphasizes that forward-looking statements regarding future plans do not constitute a commitment to investors, highlighting investment risks[102]. Asset and Liability Management - By the end of 2022, total assets amounted to RMB 1,048,393 million, representing a 29.70% increase from RMB 808,310 million in 2021[164]. - Total liabilities increased by 35.08% to RMB 864,660 million in 2022, up from RMB 640,093 million in 2021[164]. - The equity attributable to shareholders of the company rose by 9.22% to RMB 183,732 million, compared to RMB 168,217 million in 2021[164]. - The asset-liability ratio was reported at 10% in 2022, compared to 14% in 2021[138]. - The net capital as of December 31, 2022, was RMB 914 million, an increase from RMB 709 million in the previous year[169]. - The net capital to total risk capital ratio was 244% as of December 31, 2022, exceeding the regulatory standard of 100%[169].

Financial Performance - In 2022, the company achieved operating revenue of RMB 100,777.78 million, a decrease of 6.84% year-on-year[15]. - Net profit for the year dropped by 84.56% compared to the previous year[15]. - The agency transaction volume decreased by 24.62% year-on-year[15]. - Daily average client equity increased by 27.65% year-on-year[15]. - Year-end client equity grew by 36.14% compared to the previous year[15]. - The company reported a revenue of 1.52775 billion, a decrease of 6.84% compared to the previous year, with a net profit attributable to shareholders of 1.238 million, down 84.56% year-on-year[142]. - Total profit for 2022 was RMB 1,591 million, a decrease of RMB 9,330 million or 85.43% compared to 2021[174]. - Net cash inflow from operating activities increased by RMB 68,948 million or 55.80% to RMB 192,509 million in 2022[174]. - Total assets as of December 31, 2022, reached RMB 1,048,393 million, an increase of RMB 240,083 million or 29.70% from 2021[176]. - Total liabilities increased by RMB 224,567 million or 35.08% to RMB 864,660 million in 2022[176]. - The company's net capital as of December 31, 2022, was RMB 914 million, an increase of RMB 205 million from RMB 709 million in 2021[181]. - The weighted average return on equity for 2022 was 0.71%, down from 4.84% in 2021[174]. - The company's total equity attributable to shareholders increased by RMB 15,515 million or 9.22% to RMB 183,732 million in 2022[176]. - The asset-liability ratio increased to 24% in 2022 from 22% in 2021[176]. - The company reported a basic earnings per share of RMB 0.0132 for 2022, down from RMB 0.0884 in 2021[174]. Corporate Governance and Structure - The company operates under the regulations of the China Securities Regulatory Commission and other relevant authorities[18]. - The financial report has been approved by the board and supervisory committee, ensuring its authenticity and completeness[12]. - The company has established a strong governance structure with a board of directors and supervisory committee overseeing its operations[130]. - The company is committed to corporate governance as per the relevant regulations and guidelines[103]. - The company’s risk management framework is being overseen by an acting chief risk officer following the resignation of the previous officer[118]. - The company has strengthened risk management measures, including monitoring market trends and adjusting margin requirements[170]. Strategic Goals and Future Plans - Future plans and development strategies mentioned do not constitute a substantive commitment to investors, highlighting investment risks[13]. - The company aims to leverage its A-share listing to enhance operational performance and create greater social value in 2023[72]. - The company plans to focus on deepening reforms and upgrading its operations to achieve better business performance[72]. - The company has a strategic goal of creating a first-class enterprise and enhancing its market position[72]. - The company aims to enhance profit contribution rates across business segments, focusing on targeted marketing and expanding institutional and industrial client development[152]. - The company is committed to digital transformation, investing in key technologies such as AI, blockchain, and big data to improve operational efficiency and customer service[156]. - The company is advancing the establishment of a public fund company, aiming to refine its wealth product system and position itself as an expert in asset allocation[198]. - The company plans to strengthen its direct business team and enhance risk management by adjusting its investment structure to reduce risk investments and increase stable investment proportions[199]. Operational Developments - The company has undergone significant capital increases over the years, with registered capital reaching RMB 3.8 billion in 2011[66]. - The company has established 39 business offices and 6 branches across China, enhancing its operational footprint[137]. - The company has made significant strides in enhancing its service capabilities in response to unexpected external factors[99]. - The company is actively involved in various investment and financial services through its subsidiaries, including asset management and securities trading[133]. - The company has a significant presence in the futures brokerage industry, with a focus on securities and futures trading regulated under the Securities and Futures Ordinance[41]. - The company is focused on expanding its asset management scale by innovating business models and enhancing its competitive edge in the asset management industry[152]. - The company is expanding its international business by enhancing its management team and increasing personnel recruitment to achieve stable operations[199]. Employee and Community Engagement - The company implemented a salary reform and successfully relocated to a new financial city building, enhancing employee satisfaction[99]. - A total of 59 new employees joined the company in 2022, bringing the total workforce to 661 by December 31, 2022[163]. - The company has conducted over 80 training sessions to improve employee skills and has established partnerships with several universities for talent development[164]. - The company donated 1 million to support the development of the Xinjiang cotton industry through the "order + futures" project[145]. Market and Economic Challenges - The company reported a significant impact on operations due to international instability and domestic demand contraction, affecting overall economic performance[113]. - The company is navigating significant challenges, including supply shocks and weakened expectations, which have impacted its development[113]. - The company’s risk management business is developing in an orderly manner, contributing to its overall growth strategy[150]. Shareholder Information - The company successfully completed its A-share listing on August 5, 2022, with a total registered capital of RMB 1,007,777,778, issuing 758,077,778 A-shares and 249,700,000 H-shares[80]. - The total share capital of Hongye Futures Co., Ltd. is 907,000,000 shares, with Jiangsu Suhao Holding Group Co., Ltd. holding 30.37% of the shares[17]. - The company issued a total of 26,105,000 overseas listed foreign shares, each with a par value of RMB 1[17]. - As of the latest report, public shareholders hold a total of 241,400,000 H shares, accounting for 26.61% of the total share capital[17]. - Jiangsu Suhao Holding Group Co., Ltd. holds 275,456,777 shares, representing 30.37% of the total share capital[17]. - The total shares held by Jiangsu Hongye Co., Ltd. account for 16.31% of the total share capital[17]. - Jiangsu Suhao Holdings Group Co., Ltd. holds 27.33% of the total share capital, while Jiangsu Hongye Co., Ltd. and Jiangsu Hongsu Industrial Co., Ltd. hold 14.68% and 14.24% respectively[80].