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].

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].

Financial Performance - For the third quarter of 2022, the total operating revenue was RMB 217,773,447.86, representing a decrease of 65.97% compared to the same period last year[9] - The net profit attributable to shareholders of the listed company was RMB -6,418,355.07, a decline of 194.67% year-on-year[9] - The basic earnings per share were -0.0068, reflecting a decrease of 190.67% compared to the previous year[9] - The company reported a decrease of 31.40% in total operating revenue for the year-to-date period, totaling RMB 972,517,522.02[9] - The net profit attributable to shareholders for the year-to-date period was RMB 28,836,569.26, down 44.63% year-on-year[9] - Total operating revenue for the current period was ¥972,517,522.02, a decrease of 31.4% compared to ¥1,417,646,833.24 in the previous period[50] - Net profit for the current period was ¥28,836,569.26, down 44.7% from ¥52,081,137.81 in the previous period[50] - Operating profit decreased to ¥36,815,971.16, a decline of 50.3% from ¥74,141,973.38 in the previous period[50] - Total comprehensive income for the current period was ¥42,603,462.04, compared to ¥50,911,050.81 in the previous period[52] Assets and Liabilities - The total assets as of the end of the reporting period were RMB 9,234,250,292.45, an increase of 14.24% from the end of the previous year[9] - The equity attributable to shareholders of the listed company was RMB 1,886,124,826.92, up 12.12% from the previous year[9] - The company's total liabilities reached CNY 7,348,125,465.53 as of September 30, 2022, compared to CNY 6,400,934,068.24 at the beginning of the year, indicating an increase of about 14.8%[48] - The equity attributable to the owners of the parent company was CNY 1,886,124,826.92 as of September 30, 2022, up from CNY 1,682,167,006.68 at the start of the year, reflecting a growth of approximately 12.1%[48] Cash Flow - The net cash flow from operating activities was RMB 482,590,395.06, down 59.07% year-on-year[9] - Cash flow from operating activities was ¥482,590,395.06, a decrease of 59.0% compared to ¥1,178,931,426.11 in the previous period[54] - Cash inflow from investment activities totaled approximately $4.96 billion, a significant increase from $2.53 billion in the previous period, reflecting a growth of about 96%[56] - Net cash flow from investment activities was a loss of approximately $2.71 million, an improvement compared to a loss of $153.19 million in the prior period[56] - Cash inflow from financing activities amounted to approximately $232.75 million, compared to $194.56 million in the previous period, indicating an increase of about 20%[56] - Net cash flow from financing activities was approximately $144.90 million, up from $63.62 million in the prior period, showing a growth of around 128%[56] - The net increase in cash and cash equivalents for the period was approximately $643.42 million, down from $1.08 billion in the prior period[56] - The ending balance of cash and cash equivalents was approximately $4.75 billion, compared to $3.94 billion at the end of the previous period, reflecting an increase of about 21%[56] Other Financial Metrics - Non-recurring gains and losses totaled RMB 86,003.98 for the reporting period[11] - Investment income decreased by 90.29% to ¥1,733,032.45, primarily due to significant market volatility affecting financial assets[17] - Other business income declined by 34.71% to ¥737,677,124.81, mainly due to a decrease in basis trading scale of a subsidiary[20] - The company reported a foreign exchange gain of ¥4,917,749.05, a 749.18% increase, influenced by currency fluctuations[20] - Other comprehensive income improved by 186.41% to ¥6,381,724.33, mainly due to increased foreign currency translation differences[17] - The company’s lease liabilities increased by 36.01% to ¥33,773,039.45, resulting from new or renewed office lease contracts[17] Shareholder Information - The company listed on the Shenzhen Stock Exchange on August 5, 2022, marking a significant milestone in its corporate development[42] - The company has a total of 10 major shareholders, with the largest being Hong Kong Central Clearing Limited, holding 249,700,000 shares[39]

Financial Performance - Holly Futures reported a total revenue of RMB 500 million for the first half of 2022, representing a 15% increase year-over-year[21]. - The company achieved a net profit of RMB 80 million, which is a 20% increase compared to the same period last year[21]. - Operating revenue for the first half of 2022 was RMB 754.74 million, a decrease of 3% compared to RMB 777.78 million in the same period of 2021[42]. - Total profit for the first half of 2022 was RMB 46.03 million, down 24% from RMB 60.43 million in the same period of 2021[42]. - Net profit attributable to shareholders for the first half of 2022 was RMB 35.25 million, a decrease of 22% from RMB 45.30 million in the same period of 2021[42]. - The company's operating revenue for the first half of 2022 declined by 3% year-on-year, with a market share of 0.64% in transaction volume[52]. - For the six months ended June 30, 2022, the company achieved total operating revenue of RMB 755 million, a year-on-year decrease of 3%[82]. - The net profit attributable to shareholders for the same period was RMB 35.25 million, down 22% year-on-year, with earnings per share at RMB 0.0389[82]. Client and Market Growth - User data indicates an increase in active clients by 25%, reaching a total of 150,000 clients as of June 30, 2022[21]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% growth in that region by the end of 2023[21]. - The company has set a performance guidance of RMB 1 billion in revenue for the full year 2022, reflecting a 10% growth target[21]. - The average daily customer equity increased by 32.71% year-on-year, indicating strong customer growth[52]. - The company’s brokerage business generated RMB 1.42 billion in commission income, a 5% increase compared to the same period last year[55]. Investment and Development - Holly Futures is investing RMB 50 million in research and development for new trading technologies aimed at enhancing user experience[21]. - New product offerings include a suite of digital trading tools expected to launch in Q4 2022, aimed at attracting younger investors[21]. - The company is exploring potential acquisitions to enhance its service offerings and market share, with a focus on fintech startups[21]. - The company aims to explore the development of futures derivatives investment banking services to expand its service offerings[65]. - The asset management business is set to expand with the introduction of low-risk, stable-return products, targeting partnerships with commercial banks and other financial institutions to secure stable funding sources[72]. Financial Position and Assets - Total assets as of June 30, 2022, were RMB 1,236.61 million, representing a 53% increase from RMB 808.31 million at the end of 2021[42]. - Total liabilities as of June 30, 2022, were RMB 1,064.30 million, a 66% increase from RMB 640.09 million at the end of 2021[42]. - The company's asset-liability ratio increased to 27% as of June 30, 2022, compared to 22% at the end of 2021[42]. - The company's total equity attributable to shareholders was RMB 172.31 million, a slight increase of 2% from RMB 168.22 million at the end of 2021[42]. - As of June 30, 2022, the total assets of the company amounted to RMB 12.366 billion, representing a 53% increase compared to the beginning of the year[52]. Risk Management and Compliance - The company is focusing on risk management and internal control to mitigate various risks, including market and credit risks[116]. - The company has established a strict investor suitability management system to mitigate credit risk, ensuring thorough assessment of new clients' identities and creditworthiness[126]. - The company has maintained an "A Class A" regulatory rating from the China Securities Regulatory Commission for thirteen consecutive years, reflecting its commitment to risk management[129]. - The company has strengthened internal control systems to prevent operational, compliance, market, and credit risks, ensuring the safety and integrity of client and company assets[130]. - The company emphasizes the importance of a comprehensive risk management system that covers all business processes and involves all employees in decision-making, execution, monitoring, and evaluation[131]. Corporate Governance - The company has adhered to all provisions of the Corporate Governance Code during the reporting period[139]. - The company’s governance structure ensures a separation of powers among the shareholders' meeting, board of directors, supervisory board, and management[138]. - The audit committee, established according to the Stock Exchange's regulations, consists of three members, including two independent non-executive directors[145]. - The company has not made any amendments to its articles of association during the reporting period[149]. Shareholder Information - Suhao Holdings holds approximately 47.59% of the company's shares, making it the controlling shareholder[158]. - Hongye Shares, a major shareholder, holds about 16.31% of the company's shares[159]. - The total number of issued shares as of June 30, 2022, is 907,000,000[169]. - The group provided financial services to its controlling shareholder, Suhao Holdings, with a transaction amount of RMB 208,250 for the first half of 2022, against an annual cap of RMB 2,600,000[162]. Challenges and Market Conditions - The company faced significant challenges due to complex international conditions and domestic pandemic outbreaks, impacting overall business performance[51]. - The company faced significant challenges in its main business and financial asset investment due to a complex international environment and domestic pandemic outbreaks, impacting revenue and asset values[122].

Financial Performance - In 2021, the company achieved a revenue growth of 5.03% year-on-year, with net profit increasing by 20.94%[9] - The company reported a total revenue of RMB 1.5 billion for the fiscal year ending December 31, 2021, representing a year-over-year increase of 15%[20] - Operating revenue for 2021 reached RMB 1.63986 billion, an increase of RMB 78.49 million or 5.03% compared to 2020[67] - Total profit for 2021 was RMB 109.21 million, up RMB 16.51 million or 17.81% from the previous year[67] - Net profit attributable to shareholders was RMB 80.21 million, reflecting a growth of RMB 13.89 million or 20.94% year-over-year[67] - The company's net capital as of December 31, 2021, was RMB 709 million, a decrease of RMB 270 million from the end of 2020[80] - The company achieved a basic earnings per share of RMB 0.0884, an increase from RMB 0.0731 in 2020[67] - The company’s net assets per share were RMB 1.85, up from RMB 1.82 in the previous year[68] - The weighted average return on equity for 2021 was 4.84%, an increase from 4.07% in 2020[63] Client Engagement and Growth - The agency's transaction volume rose by 41.42% compared to the previous year, while the average daily client equity grew by 35.74%[9] - The year-end client equity increased by 38.31% year-on-year, reflecting strong client engagement and retention[9] - User data indicated a growth in active clients by 20%, reaching a total of 500,000 clients by the end of the reporting period[20] - The company has implemented new strategies to enhance customer engagement, resulting in a 35% increase in client retention rates[20] - The company's client equity increased by 38.31% year-on-year, reaching RMB 5.93 billion at the end of 2021, up from RMB 4.29 billion in 2020[108] Business Expansion and Strategy - The company is actively pursuing an A-share IPO, which has been officially accepted by the regulatory authority[9] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in regional revenue by 2023[20] - A strategic acquisition of a local competitor is expected to enhance the company's service offerings and increase client base by 15%[20] - The company is focusing on high-quality development and has implemented a "14th Five-Year" development strategy plan[9] - The company has expanded its asset management business through proactive management and institutional collaboration[9] Risk Management - The company is dedicated to risk management and has accumulated effective practices in response to challenges faced during the year[10] - The company is focused on risk control by strengthening pre-emptive system construction and personnel training[185] - The company has implemented effective measures to address various risk factors, including market risk and credit risk, ensuring safe and efficient operations[193] - The company's risk management relies on strict adherence to internal control systems, which may not fully predict future risk exposures during business innovation[194] Awards and Recognition - The company was recognized with over 30 awards, including "Best Futures Company in China" and "Pioneer Enterprise in Jiangsu Province"[9] Financial Metrics and Assets - The total assets of the company reached RMB 5 billion, with a year-over-year growth of 18%[20] - The total assets as of December 31, 2021, amounted to RMB 808.31 million, representing a growth of RMB 173.39 million or 27.31% from 2020[68] - Total liabilities increased to RMB 640.09 million, up RMB 169.84 million or 36.12% year-over-year[68] - The debt-to-asset ratio was 22% as of December 31, 2021, compared to 20% in 2020[68] Employee Welfare and Satisfaction - The company is committed to enhancing employee income and welfare, aiming to improve staff satisfaction and happiness[9] - Employee compensation increased to RMB 167.04 million, up RMB 12.55 million (8.12%) as a result of prior pandemic-related reductions in social insurance[150] Market Trends and Economic Indicators - The national industrial added value increased by 9.6% year-on-year, with high-tech manufacturing and equipment manufacturing growing by 18.2% and 12.9% respectively[87] - The total retail sales of consumer goods reached 4,408.23 billion yuan, growing by 12.5% year-on-year, with online retail sales increasing by 14.1%[88] - The total import and export value of goods was 39,100.9 billion yuan, an increase of 21.4% year-on-year, with exports growing by 21.2% and imports by 21.5%[90] Innovations and Product Development - New product development efforts have led to the launch of three innovative financial products, contributing to a 10% increase in market share[20] - The company expanded its "insurance + futures" projects to 17 projects across 9 provinces, providing price risk management services for agricultural products valued at approximately RMB 400 million[112] - The company launched 419 new fund products, achieving a total fund sales scale of RMB 180 million, ranking among the industry leaders[184]