Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 2,503,994,456.00, based on a total share capital of 25,039,944,560 shares as of December 31, 2021[2]. - The company reported that the undistributed profits after the dividend distribution will be RMB 438,572,989.61, which will be carried forward to the next year[2]. - The company will adjust the per-share distribution ratio if there are changes in total share capital before the dividend distribution date[2]. Financial Performance - Total revenue and other income for 2021 reached RMB 46,171,470 thousand, an increase of 17.92% compared to RMB 39,156,373 thousand in 2020[29]. - Profit before tax for 2021 was RMB 11,079,122 thousand, reflecting an 18.51% increase from RMB 9,348,467 thousand in 2020[29]. - Net profit attributable to shareholders for 2021 was RMB 9,398,369 thousand, up 21.02% from RMB 7,766,175 thousand in 2020[29]. - Basic earnings per share for 2021 were RMB 0.38, an increase of 22.58% from RMB 0.31 in 2020[29]. - The weighted average return on equity for 2021 was 10.26%, up from 9.05% in 2020[29]. Audit and Compliance - The annual financial report for 2021 has been audited by PwC and received a standard unqualified opinion[2]. - The financial report is prepared in accordance with International Financial Reporting Standards, ensuring compliance and transparency[2]. - The board of directors and senior management have guaranteed the truthfulness, accuracy, and completeness of the annual report[2]. Risk Management - The company emphasizes the importance of understanding potential market risks, credit risks, liquidity risks, operational risks, policy risks, legal compliance risks, and product/business innovation risks[2]. - The company has established a comprehensive risk management system to effectively prevent liquidity risks[142]. - The company is facing challenges from market risks due to global economic uncertainties and is implementing measures to enhance risk management[162]. Business Operations - The company operates through its subsidiaries, including Shenwan Hongyuan Securities, Shenwan Hongyuan West, and Shenwan Hongyuan Underwriting and Sponsorship[15]. - The company maintains its main business scope, which includes investment management, equity investment, and investment consulting, since its listing[15]. - The company is involved in securities business, securities investment consulting, and securities investment fund sales services[16]. Capital Structure - The registered capital of Shenwan Hongyuan Group Co., Ltd. is RMB 25,039,944,560[10]. - The company has not disclosed any significant changes in share capital during the reporting period[3]. - Central Huijin holds a 55.38% stake in Shenwan Hongyuan after acquiring 1.22 billion shares in 2012[22]. Market Position - The company maintains a leading position in the industry, with strong asset quality and financial health, ranking among the top tier in operating income, net profit, and return on net assets[44]. - The wealth management market in China has surpassed RMB 200 trillion, making it the second-largest wealth management market globally, driven by a shift from savings to investment among residents[42]. Awards and Recognition - The company has received multiple awards, including the A-class underwriter credit rating for corporate bonds from the National Development and Reform Commission[53]. - The company was recognized as an outstanding underwriter for corporate bonds by the Shanghai Stock Exchange[54]. - The company achieved significant recognition in the New Fortune 2021 Investment Banking Rankings, including Best M&A Investment Bank and Best Domestic Investment Bank[56]. Shareholder Engagement - The company held 3 shareholder meetings, 11 board meetings, and 8 supervisory board meetings during the reporting period[185]. - The participation rate for the 2020 Annual General Meeting was 62.54%[188]. - The 2021 First Extraordinary General Meeting had a participation rate of 62.17%[190]. Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code and has not faced any penalties or public reprimands during the reporting period[179]. - The company has established a clear governance structure with defined responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[185]. - The company ensures the protection of minority shareholders' rights and has not infringed upon their interests[185].

申 萬 宏 源 集 團 股 份 有 限 公 司 SHENWAN HONGYUAN GROUP CO., LTD. (A joint stock company incorporated in the People's Republic of China with limited liability) (於中華人民共和國註冊成立的股份有限公司) Stock Code 股份代號：6806.HK 000166.SZ Interim Report 中 期 報 告 重要提示 一、 本公司董事會、監事會及董事、監事、高級管理人員保證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。 二、 本中期報告經公司第五屆董事會第二次會議審議通過。會議應參加表決董事11人，實際參加表決董事11人。 沒有董事、監事、高級管理人員聲明對中期報告內容的真實性、準確性、完整性無法保證或存在異議。 三、 本公司法定代表人、執行董事、總經理黃昊先生，財務總監任全勝女士及計劃財務部總經理張艷女士聲明： 保證本中期報告中財務報告的真實、準確、完整。 四、 本公司按照國際財務報告準則編製的2021年中 ...

申 萬 宏 源 集 團 股 份 有 限 公 司 SHENWAN HONGYUAN GROUP CO., LTD. (於中華人民共和國註冊成立的股份有限公司) 股份代號 : 6806.HK 000166.SZ 年度報告 重要提示 一、 本公司董事會、監事會及董事、監事、高級管理人員保證年度報告內容的真實、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。 二、 本年度報告經公司第四屆董事會第六十次會議審議通過。會議應參加表決董事11人，實際參加表決董事11 人。沒有本公司董事、監事、高級管理人員聲明對年度報告內容的真實性、準確性、完整性無法保證或存在 異議。 三、 本公司按照國際財務報告準則編製的2020年度財務報告已經本公司核數師畢馬威會計師事務所審計，並出 具了標準無保留意見的審計報告。 四、 本公司法定代表人、總經理黃昊先生，財務總監任全勝女士及計劃財務部總經理張艷女士聲明：保證本年 度報告中財務報告的真實、準確、完整。 五、 經公司第四屆董事會第六十次會議審議通過，公司2020年度利潤分配預案如下： 1. 以公司截至2020年12月31日A股和H股總股本25,039,944 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[2]. - The net profit attributable to shareholders for the same period was RMB 300 million, up 20% compared to the previous year[2]. - User data indicated a growth in active accounts, reaching 5 million, which is a 25% increase from the previous year[2]. - Total revenue and other income for the first half of 2020 reached RMB 17,790,098,000, an increase of 18.30% compared to RMB 15,038,663,000 in the same period of 2019[14]. - Profit before tax for the same period was RMB 4,955,930,000, reflecting a growth of 23.81% from RMB 4,002,715,000 year-on-year[15]. - Net profit attributable to shareholders for the first half of 2020 was RMB 4,034,768,000, up 26.03% from RMB 3,201,521,000 in the previous year[15]. - Basic earnings per share increased to RMB 0.16, a rise of 14.29% from RMB 0.14 in the first half of 2019[16]. - Future guidance estimates a revenue growth of 10-15% for the full year 2020[2]. Business Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2021[2]. - New product launches are expected to contribute an additional RMB 500 million in revenue for the second half of 2020[2]. - The board of directors has approved a strategic acquisition plan to enhance service offerings, with a budget of RMB 200 million allocated for this purpose[2]. - The company operates in four main business segments: corporate finance, personal finance, institutional services and trading, and investment management[19]. Assets and Liabilities - Total assets as of June 30, 2020, amounted to RMB 441,633,887,000, representing a 13.67% increase from RMB 388,537,268,000 at the end of 2019[17]. - Total liabilities increased to RMB 355,333,613,000, a rise of 17.00% from RMB 303,705,861,000 at the end of 2019[17]. - The company's equity attributable to shareholders was RMB 84,633,596,000, showing a slight increase of 1.72% from RMB 83,206,190,000 at the end of 2019[17]. - The liquidity coverage ratio decreased to 208.09%, down 51.09 percentage points from 259.18% in the previous year[18]. Revenue Sources - Commission and fee income amounted to RMB 4,274 million, up RMB 193 million or 4.74% year-on-year, primarily due to growth in securities brokerage fees[56]. - Interest income reached RMB 5,667 million, an increase of RMB 348 million or 6.54% year-on-year, mainly from increased interest income on bond investments[56]. - Net investment income was RMB 3,289 million, up RMB 427 million or 14.92% year-on-year, driven by higher returns from bond investments[57]. - Other income and gains totaled RMB 4,560 million, a significant increase of RMB 1,783 million or 64.23% year-on-year, attributed to the growth in basis trade business[57]. Risk Management - The company has identified potential risks including market volatility and regulatory changes, which may impact future performance[8]. - The company has established a comprehensive risk management system and liquidity risk management mechanism to mitigate liquidity risks effectively[70]. - The company actively monitors macroeconomic conditions and regulatory policies to adjust risk control policies and business strategies accordingly[97]. - The company has a low tolerance for legal compliance risks and has strengthened compliance management and training[98]. Corporate Governance - The company will continue to improve its governance structure and comply with all relevant regulations to ensure sustainable development[109]. - The company has adopted a standard code for securities trading behavior for its directors and supervisors[109]. - The company has not encountered any non-operational fund occupation by controlling shareholders or related parties during the reporting period[112]. Social Responsibility and Community Engagement - The company invested a total of RMB 36.1354 million in poverty alleviation efforts, including RMB 33.8394 million from its own funds, RMB 2.04 million from party fees, and RMB 0.176 million from employee donations[172]. - The company supported the construction of water safety facilities in 26 towns, benefiting 3,111 households and nearly 14,000 impoverished individuals, with an investment of RMB 10.17 million[173]. - The company has conducted approximately 4,000 video conferences in 2019, significantly reducing the need for in-person meetings and associated carbon emissions[167]. - The company donated RMB 10 million to Hubei Charity Federation on January 26, 2020, as part of its support for the COVID-19 pandemic response, with subsidiaries contributing an additional RMB 1 million each[186]. Legal Matters - Shenwan Hongyuan Securities engaged in a stock pledge repurchase dispute involving a total of 12 million shares of "Modern Avenue" (stock code: 002656) and a loan amount of RMB 99 million[115]. - The company is involved in a historical case regarding a contract dispute with Shanghai Zhuxin Industrial Co., which involves a claim for the delivery of 30,000 tons of coke and associated liabilities[118]. - The company has initiated enforcement actions to recover amounts owed from the pledged shares of Oriental Network[125]. - The ongoing legal proceedings may impact the company's financial position depending on the outcome of the case[127].

Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.80 per 10 shares, totaling RMB 2,003,195,564.80, based on a total share capital of 25,039,944,560 shares as of December 31, 2019[2]. - The company's retained earnings after the dividend distribution will be RMB 1,217,347,642.66, which will be carried forward to the next fiscal year[2]. - The cash dividend for 2017 was also RMB 1,126,797,228.00, representing 24.50% of the net profit of RMB 4,599,683,411.82[139]. - The cash dividend for 2018 was RMB 1,126,797,228.00, which accounted for 27.09% of the net profit of RMB 4,160,188,689.17[139]. - The net profit attributable to shareholders for 2019 is RMB 5,735,412,391.33, with the cash dividend representing 34.93% of this profit[139]. - The company will withhold a 20% personal income tax on dividends paid to mainland individual investors through the Shenzhen-Hong Kong Stock Connect[143]. - The company has implemented a unified withholding tax rate of 10% for dividends distributed to overseas H-share non-resident shareholders[143]. - The company has confirmed that the cash dividend distribution will occur within two months after the shareholders' meeting, expected no later than August 31, 2020[145]. - The company has a cash dividend policy that requires at least 30% of the average distributable profit over three consecutive years to be distributed in cash[135]. - The company maintains a continuous and stable profit distribution policy, prioritizing cash dividends when there are no major investment plans[135]. Financial Performance - Total revenue and other income for 2019 reached RMB 33,251,541,000, representing a 37.92% increase from RMB 24,109,617,000 in 2018[26]. - Profit before tax for 2019 was RMB 6,927,231,000, up 33.54% from RMB 5,187,265,000 in 2018[26]. - Net profit attributable to shareholders for 2019 was RMB 5,735,413,000, a 37.86% increase compared to RMB 4,160,189,000 in 2018[26]. - Basic earnings per share for 2019 were RMB 0.24, an increase of 26.32% from RMB 0.19 in 2018[26]. - The weighted average return on net assets for 2019 was 7.41%, up from 6.19% in 2018, reflecting an increase of 1.22 percentage points[26]. - The company's operational cash flow showed improvement, with a net cash outflow of RMB -1,004,066,000 in 2019, compared to RMB -9,396,995,000 in 2018[26]. - Total assets increased by 11.74% to RMB 388.54 billion at the end of 2019 compared to RMB 347.73 billion at the end of 2018[27]. - The company's total liabilities increased by 9.83% to RMB 303.71 billion at the end of 2019 compared to RMB 276.53 billion at the end of 2018[27]. - The company's total equity attributable to shareholders was RMB 83,206 million, representing a 19.89% increase year-on-year[75]. Corporate Governance - The financial report for 2019 has been audited by KPMG, which issued a standard unqualified opinion[2]. - The board of directors and senior management confirm the accuracy and completeness of the annual report, with no dissenting opinions from the board members[2]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting the importance of investment risk awareness[2]. - The company has complied with all provisions of the Corporate Governance Code as per the Hong Kong Listing Rules[131]. - The company has established appropriate insurance arrangements for its directors and senior management against legal liabilities arising from corporate activities[127]. Risk Management - The company has established a comprehensive risk management system to effectively control market, credit, liquidity, and operational risks, ensuring healthy business development[43]. - The company emphasizes comprehensive risk management, building a multi-level risk management organizational structure[123]. - The company has implemented a unified internal evaluation system covering all subsidiaries to enhance credit risk management[110]. - The company has established a multi-level risk control indicator system to manage market risk, including risk tolerance and loss limits[107]. - The company is facing significant market risk challenges due to uncertainties in the domestic and international economic environment and the impact of the COVID-19 pandemic[108]. Business Operations - The company operates through three subsidiaries providing securities services: Shenwan Hongyuan Securities, Shenwan Hongyuan West, and Shenwan Hongyuan Underwriting[16]. - The company operates in four main business segments: corporate finance, personal finance, institutional services and trading, and investment management[32]. - The company's investment management business includes asset management, public fund management, and private fund management services, with no significant changes in the main business model during the reporting period[37]. - The company is actively exploring international business opportunities, leveraging the "Belt and Road" initiative to enhance its investment capabilities[40]. - The company has established qualifications for participating in the interbank bond market, enhancing its trading capabilities[18]. Legal Matters - The company faced a lawsuit from Shanghai Metallurgical Company, claiming RMB 7,182,778.4 in principal and additional interest, totaling approximately RMB 36.2 million[171]. - The company is involved in a contract dispute with Shanghai Zhuxin Industrial Co., requiring the delivery of 30,000 tons of coke, with a first-instance judgment ordering compliance[173]. - The company has initiated legal action against Dalian Detai Holdings for failure to provide suitable relocation housing, seeking a property of 5,000 square meters[174]. - The company is involved in a legal dispute with Dalian Detai regarding a compensation agreement, with a potential economic loss compensation of RMB 53.4659 million and a penalty of RMB 26,732.95[175]. - The company has a pending arbitration case against Cai Xiaoru, with a principal amount of RMB 75.7 million and additional claims for interest and legal fees totaling RMB 490,000[176]. Shareholder Commitments - The company's major shareholder, China Jianyin Investment, holds 60.02% of Hongyuan Securities and has made commitments to avoid unfair transactions and protect minority shareholders' interests[152]. - The commitments include ensuring fair pricing in related transactions and adhering to legal disclosure obligations[153]. - The company is currently fulfilling its commitments regarding the management of related transactions and shareholder rights[154]. - The commitments made by the board and senior management are aimed at ensuring compliance with regulatory requirements and protecting company interests[150]. - The company has pledged to participate in shareholder meetings and exercise rights without seeking undue advantages[154]. Financial Qualifications - The company holds various qualifications including securities brokerage, investment consulting, and asset management, enhancing its operational capabilities in the financial market[17]. - Shenwan Hongyuan has qualifications for trading in multiple financial instruments, including stock options and bonds, which positions it well for market expansion[18]. - The company has qualifications for various derivative products, including credit derivatives and interest rate swaps, which diversify its service offerings[19]. - The company has established qualifications for managing insurance funds, indicating its involvement in the insurance investment sector[19]. - The company has a comprehensive range of qualifications that support its strategic initiatives in market expansion and product development[17].