Financial Performance - The company achieved operating revenue of RMB 14,306,776,611.64, a decrease of 4.21% compared to the same period last year[3]. - Net profit attributable to shareholders of the parent company was RMB 5,108,176,481.67, down 4.90% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was RMB 5,030,319,532.41, a decrease of 4.69% compared to the previous year[3]. - Basic and diluted earnings per share were both RMB 0.33, down 5.71% from the same period last year[3]. - Total operating revenue for the first three quarters of 2023 was RMB 45.81 billion, a decrease of 8.06% compared to RMB 49.82 billion in the same period of 2022[18]. - Net profit for the first nine months of 2023 was RMB 17.07 billion, slightly down by 0.76% from RMB 17.20 billion in the same period of 2022[19]. - The net profit attributable to shareholders of the parent company was RMB 16.41 billion for the first nine months of 2023, compared to RMB 16.57 billion in 2022, a decrease of 0.97%[19]. - Net profit for the first nine months of 2023 was RMB 11,252,024,456.26, down 16.0% from RMB 13,408,302,123.48 in 2022[25]. Cash Flow - The net cash flow from operating activities was negative RMB 64,904,942,795.49, a significant decline of 56.37% year-on-year[3]. - Operating cash inflow for the first nine months of 2023 reached RMB 170.93 billion, a significant increase from RMB 103.58 billion in the same period of 2022, representing a growth of approximately 64.8%[20]. - Net cash flow from operating activities was negative at RMB -54.30 billion, compared to a positive RMB 61.75 billion in the same period of 2022, indicating a decline in operational efficiency[20]. - Cash inflow from investment activities totaled RMB 15.05 billion, down from RMB 30.39 billion in the previous year, reflecting a decrease of about 50.7%[20]. - The net cash flow from financing activities was RMB 12.75 billion, a turnaround from a negative RMB -18.49 billion in the same period of 2022, indicating improved financing conditions[21]. - Total cash inflow from financing activities reached RMB 165.81 billion, significantly up from RMB 73.86 billion in the previous year[27]. - The net cash increase for the period was RMB -29.17 billion, contrasting with a net increase of RMB 35.72 billion in 2022[27]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,412,821,215,130.52, an increase of 7.96% compared to the end of the previous year[3]. - The company's total liabilities increased to RMB 1,145.16 billion as of September 30, 2023, compared to RMB 1,050.23 billion at the end of 2022, marking an increase of 9.05%[17]. - The company's total assets reached RMB 1,013,719,454,225.03, up from RMB 924,934,809,329.17, indicating an increase of 9.6%[23]. - The company's total liabilities decreased to RMB 693.07 billion from RMB 731.73 billion, a reduction of about 5.3%[22]. - The company's receivables increased to RMB 64.64 billion from RMB 57.52 billion, marking a growth of approximately 12.66%[16]. - The company's total liabilities as of September 30, 2023, reached RMB 798,007,266,791.27, an increase of 11.9% from RMB 713,109,854,980.88 at the end of 2022[23]. Shareholder Information - The top shareholder, Hong Kong Central Clearing (Agent), holds 2,620,076,855 shares, representing 17.68% of the total shares[6]. - China CITIC Financial Holdings Limited holds 2,299,650,108 shares (15.52%) and 626,191,828 shares (4.23%) under different categories, totaling 2,763,919,712 shares (18.65%) as of September 30, 2023[7]. - The company has a total of 525,571 shareholders, with 525,414 holding A-shares and 157 holding H-shares as of September 30, 2023[7]. - Shareholders' equity attributable to the parent company was RMB 262,458,385,335.92, up 3.69% year-on-year[3]. - Shareholders' equity totaled RMB 267.66 billion as of September 30, 2023, up from RMB 258.37 billion at the end of 2022, representing a growth of 3.36%[17]. Regulatory and Operational Updates - The company faced regulatory scrutiny from the China Securities Regulatory Commission, which highlighted issues in its due diligence during a major asset restructuring process[13]. - The company has initiated a lawsuit against the issuer of bonds it holds due to default risks, with the court supporting the company's claims in both the first and second trials[12]. - The company completed the relocation of 6 branch offices during the reporting period, maintaining a total of 45 branches and 222 securities business departments[8]. - CITIC Securities (Shandong) completed the relocation of 2 branch offices, maintaining 6 branches and 59 securities business departments[9]. - CITIC Futures also relocated 2 branch offices, maintaining 46 branches and 4 futures business departments[10]. - The company has canceled its overseas investment subsidiary, which was completed on October 6, 2023[15]. Investment and Income - Investment income decreased by 49.76% year-to-date due to reduced returns from financial assets[5]. - The company reported a significant decline in investment income, which fell to RMB 11.63 billion in 2023 from RMB 23.15 billion in 2022, a decrease of 49.73%[18]. - Investment income significantly decreased to RMB 4,257,206,028.17 in 2023, compared to RMB 14,439,811,775.28 in 2022, marking a decline of 70.5%[24]. - The company's long-term equity investments slightly increased to RMB 9.76 billion from RMB 9.65 billion, a growth of approximately 1.13%[16].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2023, representing a year-on-year increase of 15%[6]. - The company has set a revenue guidance of RMB 2.5 billion for the full year 2023, indicating a growth target of 10%[6]. - New product launches are expected to contribute an additional RMB 300 million in revenue by the end of 2023[6]. - Total revenue for the first half of 2023 was RMB 42,753 million, a decrease of 6.80% compared to RMB 45,870 million in the same period of 2022[17]. - Operating profit for the first half of 2023 was RMB 14,733 million, down 5.74% from RMB 15,630 million in the first half of 2022[17]. - Net profit attributable to shareholders for the first half of 2023 was RMB 11,306 million, a slight increase of 0.98% compared to RMB 11,196 million in the same period of 2022[17]. - The company reported a significant increase in revenue, achieving a total of 25 billion CNY for the first half of 2023, representing a year-over-year growth of 15%[68]. - The company has set a revenue guidance of 30 billion CNY for the second half of 2023, projecting a growth rate of 12%[68]. - The company reported a net profit margin of 18%, reflecting improved operational efficiency and cost management strategies[68]. - The company reported a net profit of RMB 2,000 million for the first half of 2023, a 12% increase compared to the same period last year[169]. User Engagement - User data showed an increase in active accounts by 20% compared to the previous year, reaching 5 million active users[6]. - User data showed a total of 1.5 million active users, an increase of 20% compared to the previous year, indicating strong customer engagement[68]. - Customer satisfaction ratings have improved to 90%, indicating successful service enhancements and customer support initiatives[68]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[6]. - The company plans to expand its market presence by opening 10 new branches across key cities in China by the end of 2023[68]. - The company aims to enhance its market share in equity financing and expand its international client base in the second half of 2023[23]. - The company plans to enter three new provinces in China by the end of 2024, aiming to increase its client base by 25%[173]. Research and Development - Research and development expenses increased by 30% to RMB 150 million, focusing on innovative financial technologies[6]. - Research and development investments have increased by 25%, totaling 1 billion CNY, aimed at enhancing product offerings and technological advancements[68]. - The company plans to enhance its product layout and improve core investment research capabilities while expanding domestic and international business in the second half of 2023[48]. Risk Management - The company faces significant risks including credit risk, market risk, and compliance risk, which are currently the main risks encountered[7]. - CITIC Securities has established a comprehensive risk management system to mitigate identified risks through organizational structure and management mechanisms[7]. - The company emphasizes continuous optimization of business processes and risk control measures to ensure risks are measurable and manageable[7]. - The company has enhanced its risk appetite management and optimized the risk preference indicator system, promoting a management mechanism that leads business development by risk preference[81]. - The company employs Value at Risk (VaR) as the primary indicator for measuring overall market risk, conducting stress tests to assess potential losses under extreme conditions[87]. Corporate Governance - The board of directors unanimously approved the interim report without objections[2]. - The company has committed to maintaining the independence of its operations and governance structure[104]. - The company will ensure compliance with relevant laws and regulations regarding related party transactions, maintaining fairness and transparency in all dealings[110]. - The company has committed to ensuring that related party transactions are conducted fairly and legally, with a long-term commitment effective from 2019[112]. Subsidiaries and Shareholding - The company has established a total of 45 securities branches across the country[7]. - The company completed a transfer of 2,733,961,712 shares to CITIC Financial Holdings, making it the largest shareholder with an 18.45% stake[15]. - As of June 30, 2023, the total number of shareholders is 574,188, with 574,030 A-share shareholders and 158 H-share registered shareholders[143]. Legal and Compliance - There are no significant related party transactions reported during the first half of 2023[2]. - The company has maintained compliance with regulatory requirements and has no outstanding legal issues[2]. - The company is involved in a legal dispute with Kangde Group, claiming RMB 1,418,245,278.08 due to a guarantee contract dispute[115]. - The company has reported no significant litigation or arbitration matters exceeding RMB 10 million during the reporting period[113]. Financial Position - Total assets as of June 30, 2023, reached RMB 1,425,939 million, reflecting an increase of 8.97% from RMB 1,308,603 million at the end of 2022[16]. - Total liabilities as of June 30, 2023, amounted to RMB 1,163,082 million, representing a 10.75% increase from RMB 1,050,231 million at the end of 2022[16]. - The company's debt-to-asset ratio increased to 76.49% as of June 30, 2023, up from 74.52% at the end of 2022, indicating a rise of 1.97 percentage points[16]. - The total equity attributable to shareholders of the parent company was RMB 257,859,509 thousand, compared to RMB 253,118,088 thousand, indicating a growth of approximately 1.5%[160]. Environmental, Social, and Governance (ESG) - The company facilitated green equity financing exceeding RMB 49.8 billion and underwrote green bonds totaling RMB 32.6 billion[99]. - The company integrated ESG factors into its investment decision-making process, enhancing its ability to manage risks and seize opportunities[100]. - The company actively engaged in green operations, enhancing energy efficiency and reducing carbon emissions through various initiatives[101]. Employee and Management - The total number of employees as of June 30, 2023, is 26,865, with 16,322 in the parent company[150]. - The company has maintained its compensation policy consistent with the previous year, with various training programs conducted for employees[150]. - Zhang Hao was appointed as Chief Risk Officer on February 24, 2023, pending regulatory approval[149].

Financial Performance - CITIC Securities reported an unaudited mid-term performance for the six months ending June 30, 2023[2]. - Total revenue and other income for the first half of 2023 was RMB 42,753 million, a decrease of 6.80% compared to RMB 45,870 million in the same period of 2022[19]. - Operating profit for the first half of 2023 was RMB 14,733 million, down 5.74% from RMB 15,630 million in the first half of 2022[19]. - Net profit attributable to shareholders of the parent company for the first half of 2023 was RMB 11,306 million, a slight increase of 0.98% compared to RMB 11,196 million in the same period of 2022[19]. - The company reported a net profit for the six months ended June 30, 2023, of RMB 11,751,911 thousand, a slight increase from RMB 11,610,819 thousand in the same period of 2022, representing a growth of approximately 1.2%[158]. - The total comprehensive income for the period amounted to RMB 12,739,757 thousand, compared to RMB 12,039,360 thousand in the previous year, reflecting an increase of about 5.8%[158]. Capital and Assets - The company's registered capital remains at CNY 14,820,546,829 as of June 30, 2023, unchanged from the previous year[10]. - Total assets as of June 30, 2023, were RMB 1,425,939 million, representing an increase of 8.97% from RMB 1,308,603 million at the end of 2022[18]. - Total liabilities as of June 30, 2023, were RMB 1,163,082 million, an increase of 10.75% from RMB 1,050,231 million at the end of 2022[18]. - The company's equity attributable to shareholders was RMB 262,856,812 thousand, up from RMB 258,372,039 thousand at the end of 2022, reflecting a growth of about 1.9%[160]. - The total amount of cash and cash equivalents was RMB 128,880,238 thousand, an increase from RMB 112,401,964 thousand at the end of 2022, representing a growth of approximately 14.7%[159]. Risk Management - Major risks identified include credit risk, market risk, and compliance risk, which are currently the primary concerns for the company[8]. - The company has established a comprehensive risk management system to mitigate identified risks, focusing on organizational structure and management mechanisms[8]. - The company employs Value at Risk (VaR) as the primary indicator for assessing overall market risk, conducting stress tests to evaluate potential losses under extreme conditions[90]. - The risk management framework consists of three lines of defense: the Board of Directors, the management layer, and the business departments, ensuring effective risk oversight and management[85][86][87][88]. Shareholder and Governance - The company did not declare any profit distribution or capital reserve conversion into share capital for the first half of 2023[3]. - The company has established a comprehensive corporate governance system and strategic layout over its twenty-plus years of development[74]. - The company guarantees that it will not engage in any substantial competitive activities with its parent company or its controlled enterprises[108]. - The company has committed to maintaining the independence of its business operations and will not interfere with normal business activities[108]. Business Operations - The company operates under various business qualifications, including securities brokerage, investment consulting, and asset management, among others[11]. - The company is actively involved in international business and financial innovation, which introduces foreign exchange risks[8]. - The company completed 66 A-share underwriting projects with a total underwriting scale of RMB 158.84 billion, ranking first in the market with a market share of 23.97%[23]. - The company aims to enhance its service capabilities in the domestic and overseas debt financing market, focusing on green bonds and carbon neutrality bonds[29]. Compliance and Legal Matters - The company has committed to resolving potential conflicts of interest and competition with its wholly-owned subsidiary Guangzhou Securities within five years post-transaction completion[113]. - The company has not engaged in any illegal guarantees during the reporting period[113]. - The company was fined RMB 13.76 million by the People's Bank of China for violations of anti-money laundering laws, specifically for failing to identify customer identities and maintain transaction records during December 2020 to January 2021[119]. - The company has submitted rectification reports to regulatory authorities in response to identified issues, demonstrating a commitment to compliance and governance[120]. Employee and Training - Employee count as of June 30, 2023, was 26,865, with 16,322 in the parent company[150]. - The company conducted various training programs to enhance employee skills, including sales and fintech training camps[150]. - No significant changes in the compensation policy were reported during the period[150]. Environmental, Social, and Governance (ESG) - The company integrated ESG factors into its investment decision-making process, enhancing its ability to manage risks and seize opportunities[103]. - The company conducted ESG-related training for employees to improve awareness and management capabilities regarding ESG risks[101]. - The company emphasized responsibility investment strategies, focusing on assets with ESG attributes for long-term returns[103].

Financial Performance - The company achieved operating revenue of RMB 15,348,206,851.13, representing a year-on-year increase of 0.87% compared to RMB 15,216,257,790.55 in the same period last year[3]. - Net profit attributable to shareholders of the parent company was RMB 5,417,237,420.11, an increase of 3.60% from RMB 5,229,072,056.83 in the previous year[3]. - Total operating revenue for Q1 2023 was RMB 15.35 billion, a slight increase of 0.87% compared to RMB 15.22 billion in Q1 2022[22]. - Net profit for Q1 2023 was RMB 5.63 billion, representing a 3.9% increase from RMB 5.42 billion in Q1 2022[23]. - Total operating revenue for Q1 2023 was RMB 10,338,252,140.77, an increase of 14.1% compared to RMB 9,063,155,005.82 in Q1 2022[28]. - Net profit for Q1 2023 was RMB 4,772,054,545.96, slightly down by 0.8% from RMB 4,812,318,961.61 in Q1 2022[29]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at RMB -2,205,056,765.29, a significant decrease of 102.85% compared to RMB 77,422,190,258.81 in the same period last year[3]. - Cash flow from operating activities generated RMB 125.86 billion, an increase from RMB 112.38 billion in Q1 2022[24]. - Cash flow from investment activities showed a net inflow of RMB 492.07 million, a significant decrease from RMB 6.33 billion in Q1 2022[24]. - The company's cash and cash equivalents stood at RMB 330.80 billion, compared to RMB 316.23 billion at the end of 2022[20]. - The company's cash and cash equivalents at the end of Q1 2023 amounted to ¥370.40 billion, a decrease from ¥411.13 billion at the end of Q1 2022[25]. - The company's net cash inflow from financing activities was RMB 24,482,414,061.48 in Q1 2023, compared to RMB 17,874,508,587.50 in Q1 2022[31]. Assets and Liabilities - Total assets increased by 10.05% to RMB 1,440,177,203,374.77 from RMB 1,308,289,281,705.92 at the end of the previous year[3]. - The total assets as of March 31, 2023, reached ¥1,030.04 billion, up from ¥924.93 billion as of December 31, 2022, reflecting a growth of 11.4%[26]. - Total liabilities rose to RMB 1,176.98 billion from RMB 1,050.23 billion year-over-year[21]. - The total liabilities increased to ¥813.43 billion as of March 31, 2023, compared to ¥713.11 billion at the end of 2022, marking a rise of 14.1%[27]. - The company's total equity increased to ¥216.61 billion as of March 31, 2023, compared to ¥211.82 billion at the end of 2022, showing a growth of 2.6%[27]. Investment and Income - The company reported a significant increase in investment income by 89.58% due to higher financial asset disposal gains related to regular business activities[5]. - Investment income surged to RMB 5.82 billion, up 89.8% from RMB 3.07 billion in Q1 2022[22]. - The company experienced a 42.06% decrease in net interest income due to increased interest expenses from repurchase and borrowing activities[5]. - The company's net interest income for Q1 2023 was RMB 702,962,785.02, an increase from RMB 657,628,964.19 in Q1 2022[28]. Shareholder Information - The top shareholder, Hong Kong Central Clearing (Agent), holds 2,618,879,546 shares, representing 17.67% of the total shares[6]. - China CITIC Limited is the second-largest shareholder with 2,299,650,108 shares, accounting for 15.52% and 626,191,828 shares are subject to lock-up conditions[6]. - The total shares held by Guangzhou Yuexiu Capital Holdings Group is 1,252,857,966, representing 8.45% of the total shares[7]. - As of March 31, 2023, the total number of ordinary shareholders is 576,296, with 576,136 A-share shareholders and 160 H-share registered shareholders[7]. Regulatory and Compliance - The company faced a fine of RMB 13.76 million from the People's Bank of China for anti-money laundering violations[18]. - The company has made significant investments in compliance and risk management following regulatory scrutiny[18]. Corporate Actions - The company issued a total of RMB 30 billion in short-term corporate bonds with a coupon rate of 2.58% on January 11, 2023[8]. - On February 6, 2023, the company issued RMB 30 billion in corporate bonds with a 2-year term and a coupon rate of 2.95%[8]. - The company raised RMB 40 billion through short-term corporate bonds with a coupon rate of 2.70% on March 3, 2023[9]. - The company plans to issue RMB 50 billion in short-term corporate bonds with a coupon rate of 2.55%, expected to be listed on May 4, 2023[9]. - The company has issued multiple bonds in 2023, with varying terms and coupon rates, totaling over RMB 200 billion[8]. Operational Changes - The company completed the relocation of 12 securities business departments during the reporting period, resulting in a total of 45 subsidiaries and 223 securities business departments by the end of the reporting period[10]. - CITIC Securities (Shandong) maintained 6 subsidiaries and 63 securities business departments with no changes during the reporting period[11]. - CITIC Futures relocated 2 subsidiaries, with a total of 46 subsidiaries and 4 futures business departments by the end of the reporting period[12]. - CITIC Securities South China established 1 new securities business department and relocated 1 during the reporting period, totaling 2 subsidiaries and 30 securities business departments by the end of the reporting period[13]. Legal Matters - The company reported no significant litigation or arbitration matters exceeding RMB 10 million that would impact net assets by more than 10% during the reporting period[14]. - CITIC Securities South China is involved in a dispute with Ruifeng Group regarding a stock pledge transaction, with a claim amounting to RMB 329.99 million[15]. - A bond trading dispute with Shanghai Huaxin Group has been resolved, with the court supporting the claims for principal, interest, and penalties[16]. - A lawsuit against Anhui Shengyun Environmental Protection and Western Securities for bond misrepresentation has been concluded, with the bond transferred to a third party[17].

Financial Performance - In 2022, CITIC Securities achieved total revenue of RMB 85.941 billion and net profit attributable to shareholders of RMB 21.317 billion, with total assets reaching RMB 1.31 trillion[6]. - Total revenue and other income for 2022 was RMB 85,941 million, a decrease of 11.70% compared to RMB 97,324 million in 2021[31]. - Operating profit for 2022 was RMB 28,277 million, down 8.80% from RMB 31,004 million in 2021[31]. - Net profit attributable to shareholders of the parent company was RMB 21,317 million, a decline of 7.72% from RMB 23,100 million in 2021[31]. - Basic earnings per share for 2022 decreased by 15.98% to CNY 1.42 from CNY 1.69 in 2021[32]. - The weighted average return on equity decreased to 8.67% in 2022 from 12.07% in 2021, a drop of 3.40 percentage points[36]. - The net cash flow from operating activities increased significantly to RMB 55,258 million, up 901.41% from RMB 5,518 million in 2021[31]. - The total assets as of December 31, 2022, were CNY 1,308,289 million, an increase from CNY 1,278,665 million in 2021[35]. - The total liabilities decreased by 1.40% to RMB 1,049,917 million from RMB 1,064,857 million in 2021[31]. - Equity attributable to shareholders of the parent company rose by 21.01% to RMB 253,118 million from RMB 209,171 million in 2021[31]. Capital and Shareholder Information - The registered capital of CITIC Securities is RMB 14,820,546,829, an increase from RMB 12,926,776,029 at the end of the previous year, representing a growth of approximately 14.7%[10]. - The total number of shares outstanding is 14,820,546,829, with A-shares accounting for 12,200,469,974 and H-shares for 2,620,076,855[10]. - The company completed an A+H share placement in March 2022, raising approximately RMB 27.33 billion, increasing total shares to 14,820,546,829, with A-shares at 12,200,469,974 and H-shares at 2,620,076,855[17]. - As of June 2022, the direct shareholding ratio of CITIC Group and CITIC Limited combined was 18.45%[17]. - The company has expanded its shareholder base, with new major shareholders holding a combined 6.26% after the acquisition of Guangzhou Securities in March 2020[17]. Business Operations and Market Position - The company facilitated financing for 68 enterprises on the Sci-Tech Innovation Board and the Growth Enterprise Market, with a total financing scale of RMB 149.7 billion[6]. - CITIC Securities issued 36 technology innovation bonds, raising RMB 54 billion, and participated in strategic investments in 22 projects on the Sci-Tech Innovation Board, with an investment scale of RMB 1.7 billion[6]. - The company underwrote 129 green bonds, raising a total of RMB 273.7 billion, and completed the issuance of several market-leading green financial products[8]. - The company has established a strong presence in both the A-share and H-share markets, with its A-shares listed on the Shanghai Stock Exchange and H-shares on the Hong Kong Stock Exchange[15]. - The company completed 166 domestic equity financing projects with a total underwriting scale of RMB 376.32 billion, a year-on-year increase of 13.38%, securing a market share of 22.31% and ranking first in the market[50]. - The company achieved a total underwriting scale of RMB 149.83 billion for IPOs in 2022, with 58 projects completed, compared to RMB 85.92 billion from 68 projects in 2021, indicating a significant increase in scale despite a decrease in the number of projects[51]. Risk Management and Compliance - The company has established a comprehensive risk management system led by the Chief Risk Officer, with a focus on financial, operational, compliance, legal, environmental, social, and governance (ESG) risks[152]. - The company employs a three-tier risk management framework, with the Board of Directors overseeing overall risk management, the management team responsible for effectiveness, and business units acting as the first line of defense[153][154][155]. - The company utilizes Value at Risk (VaR) as the primary indicator for assessing overall market risk, conducting stress tests to evaluate potential losses under extreme conditions[159]. - The company has increased investments in compliance and risk control, focusing on recruiting specialized talent and optimizing a global integrated risk management system[152]. - The company has complied with regulatory requirements and improved internal control management systems, ensuring good compliance status[168]. Social Responsibility and ESG Initiatives - CITIC Securities donated a total of RMB 55.97 million for public welfare, with RMB 50.47 million specifically allocated for rural revitalization efforts[8]. - The company’s MSCI ESG rating improved to BBB, reflecting its commitment to sustainable finance and responsible investment practices[8]. - The company launched its first ESG-themed product, the CITIC Securities Nebula No. 81 ESG Collective Asset Management Plan, with a scale of approximately RMB 46 million by the end of 2022, investing at least 80% of its net value in ESG-themed securities[180]. - The company achieved an MSCI ESG rating of BBB and a CDP climate change questionnaire rating of B in 2022[186]. - The company has integrated ESG factors into its comprehensive risk management framework to enhance non-financial risk control effectiveness[177]. Future Plans and Strategic Goals - CITIC Securities plans to continue supporting the real economy and enhancing wealth management services for residents, focusing on high-quality development in the capital market[8]. - The company aims to enhance domestic business competitiveness and expand market share while aligning with international standards[44]. - The company plans to enhance its global customer market layout and improve comprehensive financial service capabilities, focusing on international development and business innovation[45]. - In 2023, the company aims to expand its client market and increase the number of equity project reserves, while strengthening its market share through industry research and customer market analysis[53]. - The company plans to continue expanding its new three-board business and enhance its professional service capabilities for innovative SMEs in 2023[64].

Financial Performance - The total revenue and other income for the year 2022 reached RMB 85.941 billion, with a net profit attributable to shareholders of RMB 21.317 billion[6]. - Total revenue and other income for 2022 was RMB 85,941 million, a decrease of 11.70% compared to RMB 97,324 million in 2021[37]. - Operating profit for 2022 was RMB 28,277 million, down 8.80% from RMB 31,004 million in 2021[38]. - Net profit attributable to shareholders for 2022 was RMB 21,317 million, a decline of 7.72% from RMB 23,100 million in 2021[38]. - Basic and diluted earnings per share were RMB 1.42, down 15.98% from RMB 1.69 in 2021[41]. - The weighted average return on equity decreased to 8.67%, down 3.40 percentage points from 12.07% in 2021[41]. - The net income from commission and fee income was RMB 31.94 billion, down by 7.56% year-on-year, primarily due to a decrease in brokerage and asset management income[117]. - Investment income for 2022 was RMB 17.64 billion, down from RMB 22.68 billion in 2021[115]. - Management fee income for 2022 was RMB 2,946.34 million, down 13.9% from RMB 3,425.06 million in 2021[85]. Assets and Liabilities - The total asset scale of the company reached RMB 1.31 trillion by the end of 2022[6]. - Total assets increased to RMB 1,308,289 million, up 2.32% from RMB 1,278,665 million in 2021[40]. - Total liabilities decreased to RMB 1,049,917 million, down 1.40% from RMB 1,064,857 million in 2021[40]. - The equity attributable to shareholders of the parent company increased to RMB 253.12 billion, up by RMB 43.95 billion or 21.01% year-on-year[108]. - The asset-liability ratio as of December 31, 2022, was 74.51%, a decrease of 4.67 percentage points year-on-year[109]. Capital and Financing - The company facilitated financing for 68 enterprises on the Sci-Tech Innovation Board and the Growth Enterprise Market, with a total financing scale of RMB 149.7 billion[6]. - The company issued 36 technology innovation bonds, raising RMB 54 billion in total[6]. - The total amount of short-term and long-term borrowings, issued debt instruments, and short-term financing payables reached RMB 149.377 billion by the end of the reporting period[58]. - The company raised approximately RMB 27.33 billion through an A+H share placement in March 2022, increasing total shares to 14,820,546,829[21]. - The company completed one IPO and three refinancing projects in poverty alleviation areas, raising a total of 11.1 billion RMB[7]. Risk Management - The company faces significant risks including credit risk, market risk, and compliance risk, which are currently the main risks encountered[12]. - CITIC Securities is enhancing its management of credit and liquidity risks through organizational structure and process optimization[12]. - The company has established a comprehensive risk management system led by the Chief Risk Officer, involving all departments and subsidiaries[165]. - The company emphasizes the importance of environmental, social, and governance (ESG) risk management and continues to strengthen its governance framework[165]. - The company has implemented an integrated management approach for domestic and overseas assets, particularly for currency risk management[172]. Corporate Governance and Compliance - The company has engaged PwC Zhongtian as its domestic accounting firm, with signed accountants Han Dan and Lu Yabin[32]. - The corporate income tax rate applicable to the company and its main domestic subsidiaries is 25%[163]. - The company has implemented a series of internal management systems to enhance compliance and risk management, ensuring a good overall compliance status[181]. Market Position and Strategy - The company aims to enhance its role in capital market financing to support the development of new economies and innovative enterprises[6]. - The company plans to enhance its competitive edge by focusing on specialized development and improving customer service capabilities[55]. - The company aims to expand its business scope through initiatives such as the promotion of the Sci-Tech Innovation Board and the introduction of new financial products[55]. - The company is focused on expanding its market presence and enhancing its financial product offerings through strategic initiatives[154]. Social Responsibility and ESG - The company donated a total of 55.97 million RMB for public welfare, with 50.47 million RMB specifically allocated for rural revitalization efforts[7]. - The company’s social responsibility investment totaled RMB 55.97 million in 2022, benefiting 79,000 people[197]. - The company achieved an MSCI ESG rating of BBB and a CDP climate change questionnaire rating of B in 2022[198]. - The company launched its first ESG-themed product, the CITIC Securities Nebula No. 81 ESG Collective Asset Management Plan, with a scale of approximately RMB 46 million by the end of 2022, investing at least 80% of its net value in ESG-themed securities[192]. Operational Highlights - The company has established international operations, becoming a member of exchanges in Germany, Switzerland, and the UK, and completed cross-border GDR conversion filings[6]. - The company has a significant number of securities business departments distributed across various provinces, with Zhejiang having the highest number at 61[29]. - The company has over 13 million clients, with a custody asset scale maintaining at the level of RMB 10 trillion[76]. - The company published 10,112 research reports in 2022, covering over 1,600 listed companies[97].

Financial Performance - The group achieved operating revenue of RMB 14,936,110,584.58 and net profit attributable to shareholders of RMB 5,371,219,258.26 for the third quarter of 2022[2]. - Operating revenue decreased by 25.66% compared to the same period last year, while net profit attributable to shareholders decreased by 1.39%[4]. - Basic and diluted earnings per share were both RMB 0.35, reflecting a decrease of 16.67%[4]. - The company reported a total profit of RMB 22.61 billion for the first three quarters of 2022, compared to RMB 23.84 billion in 2021, indicating a decline of 5.1%[37]. - Net profit for the first three quarters of 2022 was approximately ¥17.20 billion, a decrease of 6.00% compared to ¥18.30 billion in the same period of 2021[38]. - Net profit attributable to shareholders of the parent company was approximately ¥16.57 billion, down from ¥17.65 billion, representing a decline of 6.15%[38]. - The company's net profit for the first three quarters of 2022 was RMB 17.22 billion, a slight decrease from RMB 17.37 billion in the same period of 2021, reflecting a decline of 0.86%[47]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,335,253,231,875.58, an increase of 4.43% compared to the end of the previous year[4]. - The company's total liabilities as of September 30, 2022, amounted to RMB 1,081.44 billion, an increase of 1.1% from RMB 1,064.86 billion at the end of 2021[36]. - The total equity attributable to shareholders increased to RMB 248.79 billion as of September 30, 2022, up 18.9% from RMB 209.17 billion at the end of 2021[36]. - The company's total assets as of September 30, 2022, reached RMB 1,335.25 billion, an increase of 4.4% from RMB 1,278.66 billion at the end of 2021[36]. - The total amount of client deposits decreased to RMB 95.97 billion as of September 30, 2022, down from RMB 100.39 billion at the end of 2021, a decrease of 4.23%[44]. Cash Flow - The net cash flow from operating activities was RMB -41,506,628,225.39, a decrease of 256.94% year-on-year[6]. - Operating cash inflow for the first three quarters of 2022 was approximately ¥103.58 billion, a decrease of 41.00% from ¥175.90 billion in 2021[40]. - Cash flow from financing activities resulted in a net outflow of approximately ¥18.49 billion, contrasting with a net inflow of approximately ¥16.93 billion in 2021[41]. - Cash flow from operating activities generated a net amount of approximately ¥25.32 billion in the first three quarters of 2022, a significant improvement from a net outflow of approximately ¥7.36 billion in the same period of 2021[50]. - The company raised approximately ¥30.16 billion from investments in the first three quarters of 2022, compared to ¥10.80 billion in the same period of 2021[41]. Investment and Income - Investment income for the year-to-date increased by 45.38% compared to the same period last year[6]. - The company’s investment income for the first three quarters of 2022 was RMB 23.15 billion, significantly higher than RMB 15.93 billion in the same period of 2021, marking an increase of 45.5%[37]. - The company reported a significant increase in investment income to RMB 14.44 billion in 2022, compared to RMB 8.16 billion in 2021, marking an increase of 77.88%[47]. - The company has authorized its management to apply for qualifications to conduct market-making trading, indicating a strategic move to expand its operational capabilities[33]. Shareholder Information - As of September 30, 2022, the company had a total of 632,252 shareholders, with 632,091 holding A-shares and 161 holding H-shares[10]. - The largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., holds 2,618,891,545 shares, representing a significant portion of the company's equity[9]. - China CITIC Limited and its concerted action party hold a combined total of 2,733,961,712 shares, accounting for 18.45% of the company's total shares[10]. Regulatory and Legal Matters - The company received a corrective action order from the Shenzhen Securities Regulatory Bureau due to regulatory compliance issues involving seven subsidiaries and multiple investment projects[26]. - The company is involved in a contract dispute with Zhengyuan Real Estate, with the court accepting the case and supporting the company's claims in previous judgments[21]. - The company is pursuing a forced execution against Xinhuan Holdings for a default on a stock pledge repurchase transaction, claiming RMB 787 million in principal and related costs[22]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[2]. - The restructuring of branches is part of the company's strategy to optimize its service network and improve customer access[11]. - The company remains focused on expanding its market presence and enhancing shareholder value through strategic initiatives[10].

册 申信证券 022 中信証券 022 中期報告 Z C/T/C SECURITIES 2022 Interim Report 於中華人民共和國訪冊成立的股份有限公司 股份代號: 6030/ 重要提示 本公司董事會、監事會及董事、監事、高級管理人員保證本中期報告內容的真實、準確、完整，不存在 虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 本中期報告經本公司第七屆董事會第四十四次會議審議通過。本公司全體董事出席了會議，未有董事對 本中期報告提出異議。 本公司2022年中期財務報告未經審計。普華永道中天會計師事務所（特殊普通合夥）和羅兵咸永道會計師 事務所分別按照中國和國際審閱準則出具了審閱意見。 本公司負責人張佑君先生、主管會計工作負責人及會計機構負責人史本良先生聲明：保證中期報告中財 務報告的真實、準確、完整。 本公司2022年上半年度無利潤分配和公積金轉增股本方案。 本中期報告所涉及的未來計劃、發展戰略等前瞻性描述不構成本公司對投資者的實質承諾，敬請投資者 注意投資風險。 本公司不存在被控股股東及其關聯╱連方非經營性佔用資金情況。 本公司不存在違反規定決策程序對外提供擔保的情況。 本公司不存 ...

Financial Performance - The company achieved operating revenue of RMB 15,216,257,790.55, representing a year-on-year decrease of 7.20%[2] - Net profit attributable to shareholders of the parent company was RMB 5,229,072,056.83, showing a year-on-year increase of 1.24%[4] - The basic earnings per share decreased by 10.00% to RMB 0.36[4] - Total operating revenue for Q1 2022 was RMB 15.22 billion, a decrease of 7.2% compared to RMB 16.40 billion in Q1 2021[34] - Net profit attributable to shareholders of the parent company for Q1 2022 was RMB 5,229,072,056.83, up from RMB 5,164,799,333.48 in Q1 2021, reflecting a growth of 1.2%[35] - Total profit for Q1 2022 reached RMB 6,074,680,522.91, compared to RMB 4,559,679,508.21 in Q1 2021, marking an increase of 33.3%[37] - Investment income for Q1 2022 was RMB 3.07 billion, down 28.3% from RMB 4.28 billion in Q1 2021[34] - The company reported a total revenue of 24 billion CNY for the first quarter of 2022, reflecting a year-over-year increase of 15%[42] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,362,130,539,501.33, an increase of 6.53% compared to the end of the previous year[5] - The company's total liabilities as of March 31, 2022, were RMB 1,113.40 billion, compared to RMB 1,064.86 billion at the end of 2021, reflecting an increase of approximately 4.56%[30] - The company's total equity rose to RMB 208.64 billion, a significant increase of 20.0% from RMB 173.84 billion at the end of 2021[33] - The company's cash and cash equivalents amounted to RMB 375.05 billion, up from RMB 279.55 billion, indicating a significant increase of about 34.1%[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 628,510[8] - The top ten shareholders held a combined 56.67% of the shares, with the largest shareholder holding 17.67%[8] - The top ten unrestricted shareholders hold a total of 2,733,961,712 shares, accounting for 18.45% of the company[10] - The total equity attributable to the parent company increased to RMB 244.32 billion from RMB 209.17 billion, marking a growth of approximately 16.8%[30] Cash Flow and Financing - The net cash inflow from operating activities increased by 537.02% year-on-year[7] - Cash inflow from financing activities totaled RMB 46.93 billion in Q1 2022, up from RMB 29.76 billion in Q1 2021, marking a 57.7% increase[39] - The company raised RMB 30.16 billion from investments in Q1 2022, including RMB 3 billion from perpetual bonds[39] - The company reported a net increase in cash and cash equivalents of RMB 98.61 billion in Q1 2022, contrasting with a decrease of RMB 38.73 million in Q1 2021[39] Regulatory and Compliance Issues - CLSA Securities Korea Ltd. was fined a total of approximately RMB 298.32 million for violating short-selling rules, with corrective measures implemented[18] - The company has faced a lawsuit regarding a contract dispute, resulting in a payment of approximately RMB 6.01 million[16] - The company has received administrative penalties from regulatory bodies, including a warning for compliance issues in its Jiangxi branch[19] - The company has taken steps to enhance compliance management and internal controls following regulatory scrutiny[20] Strategic Initiatives and Future Outlook - The company plans to enhance its market expansion strategies and invest in new technologies to drive future growth[34] - The company aims to launch three new products in Q2 2022, anticipating a combined revenue contribution of 5 billion CNY[42] - The company plans to participate in the establishment of a fund with investors including subsidiaries of its largest shareholder, CITIC Limited, although the transaction amount is below 0.5% of the latest audited net assets[26] - A strategic acquisition of a tech startup was announced, expected to enhance the company's capabilities in AI technology[42] Operational Developments - The company has established 41 subsidiaries and 225 securities business departments[13] - The company has expanded its branch network by establishing one new securities business department during the reporting period[13] - The company has not experienced any changes in its subsidiaries during the reporting period, maintaining its operational structure[14] Research and Development - Investment in R&D increased by 25% year-over-year, focusing on innovative technologies and product enhancements[42]

11 中信证券 中信証券 年度報告 2 D ● T CITIC SECL JRITIES 2021 Annual Report 於中華人民共和國註冊成立的股份有限公司 股份代號:6030 重要提示 本公司董事會、監事會及董事、監事、高級管理人員保證本報告內容的真實、準確、完整，不存在虛假 記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 本報告經本公司第七屆董事會第三十七次會議審議通過。本公司全體董事出席董事會會議。未有董事對 本報告提出異議。 本公司國內及國際年度財務報告已經分別由普華永道中天會計師事務所（特殊普通合夥）和羅兵咸永道會 計師事務所審計，並出具了標準無保留意見的審計報告。 本公司負責人張佑君先生、主管會計工作負責人及會計機構負責人史本良先生聲明：保證本報告中財務 報告的真實、準確、完整。 本公司經董事會審議通過的2021年度利潤分配預案為：每10股派發現金紅利人民幣5.40元（含稅）。此預 案尚需本公司股東大會批准。 本報告所涉及的未來計劃、發展戰略等前瞻性描述不構成本公司對投資者的實質承諾，敬請投資者注意 投資風險。 本公司不存在被控股股東及其關聯方非經營性佔用資金情況。 本公司不存 ...