证券代码：600837 证券简称：海通证券 公告编号：临2023-007 海通证券股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间： 2023 年 04 月 07 日（星期五） 上午 09:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 03 月 30 日（星期四）至 04 月 06 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司董事会办公室 邮箱 dshbgs@haitong.com 进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 海通证券股份有限公司（以下简称公司）于 2023 年 3 月 31 日在上海证券交 易所网站（http://www.sse.com.cn）和公司网站（https://www. ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥6,834,058,257.35, a decrease of 39.88% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2022 was ¥1,317,768,984.04, down 63.96% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥1,286,757,304.38, a decline of 64.75% compared to the previous year[2]. - The basic earnings per share for Q3 2022 was ¥0.11, a decrease of 60.71% year-on-year[3]. - Total operating revenue for the first three quarters of 2022 was CNY 18,938,408,553.83, a decrease from CNY 34,839,100,000.88 in the same period of 2021, representing a decline of approximately 45.5%[14]. - Net profit for the first three quarters of 2022 was CNY 5,694,266,591.75, down from CNY 12,764,352,689.09 in 2021, indicating a decrease of about 55.3%[15]. - The company's net interest income for the first three quarters of 2022 was CNY 4,736,588,847.24, compared to CNY 5,070,379,315.84 in the same period of 2021, a decrease of about 6.6%[14]. - The company's other comprehensive income after tax for the first three quarters of 2022 was CNY 238,122,349.81, compared to CNY 428,099,085.72 in 2021, reflecting a decrease of approximately 44.4%[15]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was CNY 6,075,494,319.11, down from CNY 11,826,274,977.12 in 2021, a decrease of about 48.7%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥3,883,768,716.16, down 93.99% compared to the previous year[3]. - The net cash flow from operating activities for the first three quarters of 2022 was ¥9,634,464,687.36, a decrease from ¥34,472,571,141.36 in the same period of 2021[26]. - The total cash outflow from operating activities increased to ¥61,612,292,732.33 from ¥46,949,954,518.49 in the previous year, marking an increase of approximately 31%[17]. - The net cash flow from financing activities was ¥3,601,797,513.57, a turnaround from a negative cash flow of ¥4,225,887,375.88 in the same period last year[19]. - The net cash flow from financing activities was -¥5,712,016,907.16, a significant decline from ¥13,220,578,375.62 in the same period of 2021[27]. - The company reported a net decrease in cash flow from investment activities of ¥5,626,071,347.47, compared to a larger decrease of ¥20,910,718,497.60 in the previous year, showing an improvement in investment cash flow management[19]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥742,027,595,908.23, a slight decrease of 0.39% from the end of the previous year[3]. - The company's total assets as of September 30, 2022, amount to ¥742,027,595,908.23, a slight decrease from ¥744,925,149,407.62 at the end of 2021[12]. - Total liabilities as of the end of Q3 2022 amounted to CNY 563,617,722,637.92, slightly down from CNY 567,170,363,313.90 at the end of 2021[14]. - Total liabilities decreased to CNY 308,630,676,521.59 from CNY 322,139,395,320.79, reflecting a reduction of 4.2%[23]. - The company's total equity as of the end of Q3 2022 was CNY 178,409,873,270.31, compared to CNY 177,754,786,093.72 at the end of 2021, showing a slight increase of approximately 0.4%[14]. - Total equity increased to CNY 146,659,571,365.79, up 1.5% from CNY 144,509,229,830.85 year-on-year[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 275,307, with 26.09% held by Hong Kong Central Clearing Limited[8]. - Shanghai Guosheng Group holds 862,489,059 shares, accounting for 6.60% of the total shares[8]. - The number of shares held by the top ten shareholders represents 10.38% of the total share capital[9]. - The company has no financing matters among its top ten shareholders[9]. Investment Income - The company reported a significant decrease in investment income, which was ¥1,314,280,466.54, down 84.50% year-on-year[6]. - The investment income for the first three quarters of 2022 was CNY 1,314,280,466.54, significantly lower than CNY 8,479,178,651.76 in the same period of 2021, indicating a decline of about 84.5%[14]. - Investment income significantly dropped to CNY 1,346,359,081.23, a decline of 72% compared to CNY 4,825,386,957.34 in the prior year[24]. Other Financial Metrics - The weighted average return on equity for Q3 2022 was 0.82%, a decrease of 1.52 percentage points compared to the same period last year[3]. - The company's goodwill stands at ¥3,722,127,228.23, up from ¥3,365,312,536.77[12]. - The company's cash and cash equivalents at the end of the reporting period were ¥178,916,208,320.37, up from ¥176,902,074,074.85 at the end of 2021, showing an increase of about 1.1%[19]. - The total cash and cash equivalents at the end of the period stood at ¥116,673,921,510.50, down from ¥120,609,140,329.51 at the end of the previous year[27].

Financial Performance - Operating revenue for the third quarter was CNY 6,834,058,257.35, a decrease of 39.88% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 1,317,768,984.04, down 63.96% year-on-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,286,757,304.38, a decline of 64.75% compared to the previous year[3] - Basic earnings per share were CNY 0.11, a decrease of 60.71% from the same period last year[3] - The company reported a net profit for the first three quarters of 2022 of approximately ¥5.69 billion, a decrease of 55.3% compared to ¥12.76 billion in the same period of 2021[21] - Total comprehensive income for the first three quarters of 2022 was approximately ¥5.93 billion, down 55.2% from ¥13.19 billion in the same period of 2021[22] Assets and Liabilities - Total assets as of September 30, 2022, were CNY 742,027,595,908.23, a slight decrease of 0.39% from the end of the previous year[3] - The company's total assets as of September 30, 2022, were RMB 742.03 billion, slightly down from RMB 744.93 billion at the end of 2021[19] - Total liabilities as of September 30, 2022, were RMB 563.62 billion, a slight decrease from RMB 567.17 billion at the end of 2021[19] - Total liabilities decreased to CNY 308,630,676,521.59 from CNY 322,139,395,320.79, a reduction of 4.2%[28] Cash Flow - The company reported a significant decrease in cash flow from operating activities, totaling approximately ¥65.50 billion in 2022 compared to ¥111.56 billion in 2021[24] - Cash flow from operating activities for the first three quarters of 2022 was approximately ¥3.88 billion, a significant decrease from ¥64.61 billion in the same period of 2021[24] - Cash flow from financing activities generated approximately ¥3.60 billion in the first three quarters of 2022, a turnaround from a negative cash flow of ¥4.23 billion in the same period of 2021[25] - Cash flow from financing activities showed a net outflow of CNY -5,712,016,907.16 in 2022, contrasting with a net inflow of CNY 13,220,578,375.62 in 2021[34] Investment and Income - Investment income dropped by 84.50% to ¥1,314,280,466.54 for the first nine months of 2022, down from ¥8,479,178,651.76 in the same period of 2021[7] - The company's net cash flow from investment activities was negative at CNY -4,645,760,778.40 for the first three quarters of 2022, an improvement from CNY -18,773,977,041.66 in the same period of 2021[34] - The company reported a significant decline in investment income, which was RMB 1.31 billion for the first three quarters of 2022, down from RMB 8.48 billion in the same period of 2021[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 275,307, with no preferred shareholders[8] - The largest shareholder, Hong Kong Central Clearing Limited, holds 3,408,735,495 shares, representing 26.09% of the total shares[9] Other Financial Metrics - The weighted average return on equity was 0.82%, down 1.52 percentage points year-on-year[3] - The company's deferred tax liabilities decreased by 41.82% to ¥768,349,233.65, down from ¥1,320,650,854.60 year-over-year[7] - The company's total tax payable decreased by 57.75% to ¥1,774,385,459.56, down from ¥4,200,007,273.89 year-over-year[7] - The fair value change income showed a significant decline of 110.39%, resulting in a loss of -¥326,790,207.25 in 2022, compared to a gain of ¥3,146,356,307.62 in 2021[7]

Economic and Market Conditions - The company reported a significant reliance on the overall economic and market conditions in China, which could impact operational performance [15]. - The company’s business operations are subject to various external factors, including macroeconomic environment and investor behavior [15]. Financial Performance - Total revenue for the six months ended June 30, 2022, was RMB 19,864.83 million, a decrease of 35.45% compared to RMB 30,773.72 million for the same period in 2021 [28]. - Profit before tax for the same period was RMB 5,886.07 million, down 49.52% from RMB 11,660.95 million year-on-year [28]. - Net profit attributable to shareholders for the six months ended June 30, 2022, was RMB 4,757.73 million, a decline of 41.77% compared to RMB 8,170.20 million in the previous year [28]. - Basic and diluted earnings per share decreased by 42.86% to RMB 0.36 from RMB 0.63 [28]. - The total expenses for the first half of 2022 amounted to RMB 14.28 billion, a reduction of RMB 5.46 billion or 27.64% compared to the previous year [92]. - The wealth management business generated revenue of RMB 7.77 billion, a decrease of 8.07% year-on-year [91]. - The investment banking business reported revenue of RMB 2.62 billion, down 17.08% year-on-year, primarily due to a decrease in underwriting income [91]. - The asset management business saw revenue drop to RMB 1.42 billion, a decline of 36.01% year-on-year, mainly due to reduced management fee income [91]. - The trading and institutional business revenue fell to RMB 3.35 billion, a significant decrease of 61.49% year-on-year, attributed to market volatility affecting investment returns [91]. Risk Management - The company faces various risks including legal and compliance risks, credit risks, market risks, operational risks, liquidity risks, and reputational risks [15]. - The company has implemented a comprehensive risk management system to effectively manage various types of risks, including market and credit risks [46]. - The company has established a multi-level risk management framework, clearly defining responsibilities across the board, supervisory committee, management, chief risk officer, and various departments [112]. - The company has identified key risks including compliance risk, money laundering and terrorist financing risk, credit risk, market risk, operational risk, liquidity risk, and reputation risk [116]. - The company has established a mechanism for ESG risk management, actively conducting due diligence and risk assessments related to ESG factors for clients [126]. Compliance and Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital for the first half of 2022 [5]. - The company emphasizes the importance of compliance and has provided necessary support for the compliance officer to fulfill their responsibilities [194]. - The company has adopted the "Standard Code" as the code of conduct for securities trading by its directors and supervisors, confirming compliance from January 1 to June 30, 2022 [142]. - The company is committed to maximizing shareholder and social benefits through lawful and compliant operations [190]. - The company has established an ESG management system and is working on a carbon peak and carbon neutrality action plan during the 14th Five-Year Plan period [197]. Asset and Capital Management - Total assets as of June 30, 2022, amounted to RMB 749,565.86 million, reflecting a 0.62% increase from RMB 744,925.15 million at the end of 2021 [30]. - Total liabilities increased by 0.87% to RMB 572,083.29 million from RMB 567,170.36 million year-on-year [30]. - The company's net capital as of June 30, 2022, was RMB 90.95 billion, an increase of RMB 5.73 billion from RMB 85.22 billion at the end of the previous year [39]. - The debt-to-asset ratio was 71.37%, a slight decrease from 71.41% at the end of 2021, indicating stable capital structure [104]. Technological Innovation and Digital Transformation - The company is actively involved in the development of new financial technologies and products, aiming to enhance its competitive edge in the market [21]. - The company’s digital transformation is accelerating, with over 42 million total app installations for its financial platform "e海通财" and an average of 5.5 million active users monthly [47]. - The company has received 11 national patents and 55 software copyrights, showcasing its commitment to technological innovation [48]. - The company is focusing on technology development, with a budget increase of 15% for R&D in the upcoming fiscal year [162]. Market Position and Business Development - The company maintained a leading position in multiple financial service sectors, including brokerage, investment banking, and asset management, with a strong customer base and market influence [43]. - The company is positioned to leverage its qualifications for overseas securities investment management, expanding its international footprint [20]. - The company is actively pursuing new fund establishment in private equity investment, focusing on strategic emerging industries [136]. - The company achieved a good overall reputation environment during the reporting period, actively managing reputation risks and enhancing communication with mainstream media [134]. Employee and Corporate Culture - The company has a total employee count of 11,852, with 6,292 employees in the company and 5,560 in subsidiaries [146]. - The company has established a corporate annuity plan to provide supplementary retirement benefits for employees [146]. - The company has emphasized digital learning and training for employees, enhancing the learning experience through various innovative methods [147]. Environmental and Social Responsibility - The company is committed to environmental, social, and governance (ESG) principles, leading in the issuance of green and sustainable development bonds among Chinese financial institutions [45]. - The company has implemented energy-saving measures, achieving a reduction of approximately 561,000 kWh in electricity consumption through the use of a hybrid financial cloud platform with 82 computing resource hosts running 5,000 virtual machines [199]. - The company has implemented a waste classification system in compliance with local regulations, ensuring proper disposal of electronic waste and harmful materials [198].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 12,104,350,296.48, a decrease of 48.43% compared to the same period last year[20]. - The net profit attributable to shareholders of the parent company was CNY 4,757,725,335.07, down 41.77% year-on-year[20]. - The net cash flow from operating activities decreased by 50.19% to CNY 17,313,673,713.22 compared to the previous year[20]. - Basic earnings per share for the first half of 2022 were CNY 0.36, a decline of 42.86% from CNY 0.63 in the same period last year[21]. - The weighted average return on equity decreased by 2.22 percentage points to 2.88% compared to the previous year[21]. - The total assets at the end of the reporting period were CNY 749,565,861,117.80, an increase of 0.62% from the end of the previous year[20]. - The total liabilities increased by 0.87% to CNY 572,083,285,938.74 compared to the end of the previous year[20]. - The liquidity coverage ratio decreased to 244.45% from 259.39% at the end of the previous year[22]. - The company reported non-recurring gains and losses totaling CNY 523,044,132.59 for the period[23]. Risk Management - The company faces various risks, including legal and compliance risks, credit risks, market risks, operational risks, liquidity risks, and reputational risks, which could directly affect its operations and earnings[4]. - The company has established a comprehensive risk management system to effectively manage various risks, including market, credit, liquidity, and operational risks[38]. - The company has identified key risks including compliance risk, money laundering and terrorism financing risk, credit risk, market risk, operational risk, liquidity risk, and reputation risk[101]. - The company emphasizes a risk management philosophy of "pragmatic, pioneering, stable, and excellent," focusing on compliance and risk management as priorities[98]. - The company has implemented measures to enhance compliance management, including compliance reviews, monitoring, and accountability mechanisms[102]. - The company has developed a risk limit system and conducts stress testing to evaluate extreme risks[98]. - The average maintenance guarantee ratio for margin financing clients is 275.58%, with the average performance guarantee ratio for repurchase agreement clients at 273.64% and for stock pledge repurchase clients at 265.77%[111]. Corporate Governance - The company’s governance practices comply with relevant regulations and guidelines, ensuring orderly management and operations[149]. - The board of directors consists of 11 members, including 3 executive directors and 4 independent non-executive directors, ensuring a diverse and effective governance structure[152]. - The company has established an audit committee with 5 members, ensuring compliance with regulations and confirming the mid-year financial report for the six months ending June 30, 2022[154]. - The company has established a comprehensive system for related party transactions, ensuring compliance with relevant laws and regulations[193]. Business Operations - The company operates 338 securities and futures branches in China, serving over 20 million clients domestically and internationally[32]. - The company has established a strong international business platform through acquisitions and strategic expansions, enhancing its global influence[35]. - The company’s trading financial assets decreased by 11.22% to 130.536 billion RMB[26]. - The company completed 14 IPO projects in the domestic market, ranking third, with a total financing amount of CNY 24.7 billion, while the number of IPO projects submitted reached a historical high of 39[53]. - The company’s investment banking business continued to rank among the top in the market for IPO issuance, underwriting amounts, and application numbers[40]. Compliance and Regulatory Issues - The company has taken corrective measures in response to regulatory feedback regarding its overseas subsidiaries' compliance issues[190]. - The company received a disciplinary sanction from the National Equities Exchange and Quotations for failing to establish and effectively implement a continuous supervision system[190]. - The company has optimized its continuous supervision processes to enhance the quality of supervision and information disclosure[190]. Social Responsibility and Community Engagement - The company invested 500 million yuan in the Chongming District for rural revitalization, with a total investment of 50 million yuan over the past ten years[177]. - The company donated a total of 13.528 million yuan in cash and materials for pandemic prevention efforts in the first half of 2022[179]. - The company has organized financial training for state-owned enterprises and township units in Ningdu County to enhance local financial literacy[172]. - The company has engaged in volunteer activities, with over 7,500 participations in pandemic-related volunteer services by the end of June 2022[179]. Financial Services and Qualifications - The company has obtained qualifications for various financial services, including securities brokerage, self-operated securities, and investment consulting, among others[12]. - The company holds qualifications for direct investment business and has been involved in pilot projects for innovative activities since 2008[13]. - The company has qualifications for underwriting and recommending open-end mutual funds since 2002, enhancing its investment product offerings[14]. - The company has qualifications for credit derivatives and risk mitigation tools since 2019, enhancing its risk management capabilities[15]. Employee and Talent Management - The company has a total of 11,852 employees, with 6,292 in the parent company and 5,560 in subsidiaries, emphasizing talent attraction and retention[140]. - The company has implemented a comprehensive employee training program, focusing on digital learning and enhancing cultural integration for new employees[142].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 4,131,020,444.53, a decrease of 63.09% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 1,500,080,164.17, down 58.53% year-on-year[2] - Basic earnings per share were CNY 0.11, a decrease of 60.71% compared to the previous year[2] - Investment income for Q1 2022 was CNY -1,510,558,720.15, a decrease of 130.50% year-on-year[6] - The company reported a significant decrease in other business income, which fell by 71.12% to CNY 715,044,734.67 due to reduced sales from subsidiaries[6] - Total operating revenue for Q1 2022 was ¥4.13 billion, a decrease of 63.0% compared to ¥11.19 billion in Q1 2021[12] - Net profit attributable to shareholders of the parent company was ¥1.50 billion, down 58.5% from ¥3.62 billion in the same period last year[14] - Investment income showed a significant loss of ¥1.51 billion, compared to a profit of ¥4.95 billion in Q1 2021[12] - Total operating expenses decreased to ¥2.54 billion, down 57.6% from ¥5.98 billion in Q1 2021[12] - The company reported a total comprehensive income of ¥1,259,104,678.43 for Q1 2022, down from ¥2,174,572,395.60 in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 436,192,762.78, reflecting a significant decline of 98.44%[2] - The net cash flow from financing activities was CNY 9,829,913,308.27, a significant improvement compared to a negative cash flow of CNY -6,161,079,219.51 in the previous year[17] - The company reported a net cash outflow from investing activities of ¥2.58 billion, compared to a net inflow of ¥4.91 billion in the same period last year[15] - Cash flow from operating activities was ¥3,271,399,892.96, down 73.0% from ¥12,565,665,488.54 in Q1 2021[22] - The company’s net cash inflow from investment activities was negative at -¥3,614,749,631.26, contrasting with a positive inflow of ¥6,084,626,690.52 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 744,110,086,703.58, a slight decrease of 0.11% from the end of the previous year[3] - The company's total liabilities decreased to ¥565.83 billion from ¥567.17 billion year-over-year, indicating a reduction of about 0.24%[11] - Total assets increased to CNY 475,558,952,391.75 from CNY 466,648,625,151.64 year-over-year, reflecting a growth of approximately 1.95%[18] - The company's total liabilities amounted to CNY 329,790,617,882.47, compared to CNY 322,139,395,320.79 in the previous year, indicating a rise of approximately 2.03%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 283,696, with the largest shareholder holding 26.09% of the shares[7] - The company's equity attributable to shareholders increased by 0.60% to CNY 164,113,936,768.92 compared to the end of the previous year[3] - The company's equity attributable to shareholders increased to ¥164.11 billion from ¥163.14 billion, representing a growth of approximately 0.6%[11] - The total equity increased to CNY 145,768,334,509.28 from CNY 144,509,229,830.85, reflecting a growth of about 0.87%[19] Operational Highlights - The company's cash and cash equivalents stood at ¥168.53 billion, compared to ¥161.48 billion in the previous year, reflecting an increase of approximately 4.4%[10] - The client funds deposited amounted to ¥98.86 billion, down from ¥106.92 billion, showing a decline of about 7.5%[10] - The trading financial assets decreased to ¥213.06 billion from ¥220.41 billion, a decline of approximately 3.3%[10] - The company's long-term borrowings increased to ¥52.37 billion from ¥49.58 billion, reflecting an increase of about 5.7%[11] - The total receivables increased to ¥11.91 billion from ¥11.37 billion, indicating a growth of approximately 4.8%[10] - The company reported a decrease in employee compensation payable to ¥6.18 billion from ¥7.50 billion, a reduction of about 17.5%[11] - The derivative financial assets rose significantly to CNY 1,079,531,678.13 from CNY 354,429,554.46, indicating a growth of about 204.5%[18] Strategic Focus - The company plans to focus on enhancing its investment banking services and expanding its asset management capabilities in the upcoming quarters[12]

Financial Performance - Operating revenue for Q1 2022 was RMB 4,131,020,444.53, a decrease of 63.09% compared to the same period last year[2]. - Net profit attributable to shareholders for Q1 2022 was RMB 1,500,080,164.17, down 58.53% year-on-year[2]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1,005,961,344.63, a decline of 70.61% compared to the previous year[2]. - Basic and diluted earnings per share for Q1 2022 were both RMB 0.11, down 60.71% from the same period last year[2]. - Total operating revenue for Q1 2022 was CNY 4,131,020,444.53, a decrease of 63.1% compared to CNY 11,191,995,550.77 in Q1 2021[15]. - Operating profit for Q1 2022 was CNY 1,589,086,823.22, a decrease of 69.5% from CNY 5,214,152,584.50 in Q1 2021[15]. - Total profit for Q1 2022 was CNY 1,597,421,513.96, down 69.4% from CNY 5,213,705,741.03 in Q1 2021[15]. - Net profit for Q1 2022 was ¥1,503,801,192.17, a decrease of 61.7% compared to ¥3,928,412,768.19 in Q1 2021[16]. - Total comprehensive income for Q1 2022 was ¥886,641,775.17, down from ¥3,215,840,584.52 in Q1 2021[16]. Cash Flow - Net cash flow from operating activities was RMB 436,192,762.78, a significant drop of 98.44% year-on-year[2]. - Operating cash flow for Q1 2022 was ¥436,192,762.78, significantly lower than ¥27,929,503,727.38 in Q1 2021[17]. - Cash inflow from operating activities totaled ¥35,942,804,668.56 in Q1 2022, compared to ¥49,567,361,707.71 in Q1 2021[17]. - Cash outflow from operating activities was ¥35,506,611,905.78 in Q1 2022, up from ¥21,637,857,980.33 in Q1 2021[17]. - Net cash flow from investing activities was -¥2,577,291,634.56 in Q1 2022, a decline from ¥4,908,811,241.96 in Q1 2021[18]. - Cash inflow from financing activities reached ¥61,050,035,238.96 in Q1 2022, compared to ¥44,467,566,399.93 in Q1 2021[18]. - Net cash flow from financing activities was ¥9,829,913,308.27 in Q1 2022, a recovery from -¥6,161,079,219.51 in Q1 2021[18]. - The ending cash and cash equivalents balance for Q1 2022 was ¥182,732,004,173.42, up from ¥164,120,537,313.14 in Q1 2021[18]. Assets and Liabilities - Total assets at the end of Q1 2022 were RMB 744,110,086,703.58, a slight decrease of 0.11% from the end of the previous year[3]. - The company's total liabilities as of March 31, 2022, were CNY 565,826,005,145.88, a slight decrease from CNY 567,170,363,313.90 at the end of 2021[14]. - Total equity increased to CNY 178,284,081,557.70 as of March 31, 2022, compared to CNY 177,754,786,093.72 at the end of 2021[14]. - Total assets increased to RMB 475.56 billion as of March 31, 2022, compared to RMB 466.65 billion on December 31, 2021, reflecting a growth of approximately 1.94%[19][21]. - Total liabilities increased to RMB 329.79 billion as of March 31, 2022, from RMB 322.14 billion on December 31, 2021, marking a rise of approximately 2.05%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 283,843[7]. - The company has a total of 135,632.75 million shares held by Shanghai Guosheng Group and its wholly-owned subsidiary, accounting for 10.38% of the total share capital[11]. - The top ten shareholders hold a total of 3,408,771,495 shares, representing 26.09% of the total shares[10]. - There are no financing matters reported among the top ten shareholders, and the status of margin trading is unknown[10]. Income and Expenses - Total operating expenses for Q1 2022 were CNY 2,541,933,621.31, down 57.6% from CNY 5,977,842,966.27 in Q1 2021[15]. - Net interest income remained stable at CNY 1,663,330,729.00, slightly down from CNY 1,663,343,506.51 in the previous year[15]. - The company reported a significant investment loss of RMB 1.21 billion in Q1 2022, compared to a gain of RMB 2.56 billion in Q1 2021[23]. - The company’s commission and fee income surged to RMB 2.85 billion in Q1 2022, up 36% from RMB 2.10 billion in Q1 2021[23]. - The company’s other income increased to RMB 461.10 million in Q1 2022, compared to RMB 283.09 million in Q1 2021, showing a growth of 62.9%[23].

Financial Performance - The company achieved a cash dividend distribution of RMB 3.91926 billion, accounting for 30.56% of the net profit attributable to shareholders for 2021[2]. - Total revenue for 2021 reached RMB 57,809,561, an increase of 6.51% compared to RMB 54,277,200 in 2020[41]. - Pre-tax profit for 2021 was RMB 18,543,799, reflecting a growth of 17.68% from RMB 15,757,310 in 2020[41]. - Net profit attributable to shareholders for 2021 was RMB 12,826,517, up 17.94% from RMB 10,875,396 in 2020[41]. - Total assets as of December 31, 2021, amounted to RMB 744,925,149, a 7.33% increase from RMB 694,073,351 in 2020[42]. - Total liabilities increased by 7.84% to RMB 567,170,363 in 2021 from RMB 525,947,039 in 2020[42]. - The company's equity attributable to shareholders rose to RMB 163,137,964, marking a 6.31% increase from RMB 153,448,468 in 2020[42]. - Basic earnings per share for 2021 were RMB 0.98, an increase of 8.89% compared to RMB 0.90 in 2020[41]. - The weighted average return on equity for 2021 was 8.09%, up from 7.88% in 2020[45]. - The company's total revenue for 2021 reached RMB 700 billion, with a net profit attributable to shareholders of RMB 128.27 billion, reflecting a steady growth trend[51]. Business Development and Strategy - Haitong Securities plans to focus on high-quality development in 2022, emphasizing stability and reform to enhance its market position[6]. - The company aims to accelerate high-quality sustainable development in 2022, promoting the "One Haitong" concept for unified growth[11]. - The company is committed to creating shared value for shareholders, clients, employees, and society, while enhancing its governance framework[6]. - The company is actively supporting the "dual carbon" strategy by innovating green development paths and expanding financial services for green projects[4]. - The company aims to enhance its service capabilities and optimize its financing business structure moving forward[106]. - The company anticipates a trend of increasing competition and market concentration in the securities industry, with a shift towards capital-based intermediary models and enhanced compliance and risk management[139]. - The company expects the capital market to open further, with foreign investment increasing competition and driving internationalization in the industry[139]. Risk Management - The company faces significant risks including legal and compliance risks, credit risks, market risks, operational risks, liquidity risks, and reputational risks, which could impact its financial performance[15]. - The company has implemented specific measures to address the identified risks, as detailed in the board report[16]. - Haitong Securities is committed to maintaining compliance with regulatory standards and managing operational processes effectively to mitigate risks[15]. - The company emphasizes compliance and risk management in response to stringent regulatory policies in the capital market[10]. - The company has established a risk management department led by the Chief Risk Officer to oversee risk management policies and procedures[147]. - The company has developed a comprehensive anti-money laundering management system, including basic regulations and operational procedures[151]. - The company has established a comprehensive management system for market risk, including risk identification, assessment, measurement, monitoring, and reporting[163]. Customer and Market Engagement - The company has over 14 million customers in wealth management, focusing on long-term value creation and enhancing service quality[9]. - The number of wealth management clients reached 14.268 million, an increase of 8.50% compared to the beginning of the period, with total client assets amounting to RMB 2.82 trillion, up 16.40%[58]. - The company has established a comprehensive financial service platform covering multiple business areas, with a strong client base in brokerage and investment banking[94]. - The company has established a reputation risk management system and actively monitors public sentiment to protect its brand image[170]. Capital and Investment - The registered capital of Haitong Securities remained at RMB 13,064,200,000.00, unchanged from the previous year[19]. - The net capital increased to RMB 85,222,467,669.07, up from RMB 84,129,715,034.91 in the previous year, reflecting a growth of approximately 1.30%[19]. - The company raised a total of RMB 20 billion through a private placement of 1,562,500,000 shares at RMB 12.80 per share, with a net amount of RMB 19.84 billion after deducting issuance costs[131]. - The funds were allocated as follows: RMB 6 billion for developing capital intermediary services, RMB 10 billion for expanding FICC investment scale, RMB 1.5 billion for enhancing information system construction, RMB 2 billion for increasing investment banking business funding, and approximately RMB 340 million for supplementing working capital[132]. Technological Advancements - The company invested RMB 1.85 billion in technology in 2021, maintaining a leading position in the industry[99]. - The unified institutional client service platform "e海通达" has integrated various business resources, enhancing service efficiency for institutional clients[99]. - The self-developed integrated intelligent trading platform "e海方舟" achieved a trading volume exceeding RMB 2 trillion for the year[99]. - The total number of installed users for the "e海通财" APP and PC platform reached 41 million, with an average monthly active user count exceeding 5.75 million[99]. Corporate Governance - The company has a clear organizational structure with defined responsibilities among its governance bodies[33]. - The board confirmed compliance with relevant laws and regulations during the reporting period, with no violations by directors or senior management[198]. - The audit committee reviewed the audited financial statements for the year ended December 31, 2021, with no objections to the accounting policies adopted by the company[199].

Financial Performance - The company's operating revenue for 2021 was approximately RMB 43.21 billion, an increase of 13.04% compared to RMB 38.22 billion in 2020[49]. - The net profit attributable to shareholders for 2021 was approximately RMB 12.83 billion, reflecting a growth of 17.94% from RMB 10.88 billion in 2020[49]. - The net cash flow from operating activities surged to approximately RMB 70.97 billion, a significant increase of 477.27% compared to RMB 12.29 billion in 2020[49]. - Total assets at the end of 2021 reached approximately RMB 744.93 billion, up 7.33% from RMB 694.07 billion at the end of 2020[49]. - The company's total liabilities increased to approximately RMB 567.17 billion, marking a 7.84% rise from RMB 525.95 billion in 2020[49]. - Basic earnings per share for 2021 were RMB 0.98, an increase of 8.89% compared to RMB 0.90 in 2020[50]. - The weighted average return on equity for 2021 was 8.09%, up from 7.88% in 2020, indicating improved profitability[50]. - The company's net profit for 2021 reached CNY 10,304,335,728.44, representing a 41.65% increase compared to CNY 7,274,599,254.97 in 2020[58]. - The total assets of the company reached nearly CNY 1.9 trillion, marking a historical high[60]. Client and Market Engagement - The company has over 14 million clients in wealth management, focusing on long-term value creation and enhancing service quality through digital empowerment[12]. - The number of wealth management clients increased by 8.50% to 14.268 million, with total client assets growing by 16.40% to CNY 2.82 trillion[62]. - The company's online financial platform "e Haitong Cai" had over 41 million users, with monthly active users exceeding 575,000, ranking among the top four in the industry[64]. - The company's total trading volume for stocks and funds was CNY 19.1 trillion, reflecting a 14.73% increase year-on-year[62]. - The company's net commission income from new clients increased by 22.40% year-on-year[62]. Investment and Financing Activities - In 2021, the company provided financing services totaling over RMB 670 billion for domestic enterprises, with RMB 240 billion for the Yangtze River Delta region and RMB 140 billion for Shanghai enterprises[8]. - The company established a private equity investment fund with a total scale of RMB 27.05 billion, adding RMB 10 billion in new fund size in 2021[8]. - The company completed domestic financing exceeding 80 billion CNY through various debt financing tools, enhancing its capital strength and liquidity management capabilities[95]. - The company sponsored 35 IPO projects, raising 33.964 billion yuan, capturing a market share of 6.68% in the number of projects and 6.26% in financing amount[68]. - The company completed 1,434 bond underwriting projects, with a total underwriting amount of 520.857 billion yuan, a year-on-year increase of 9%[74]. Risk Management and Compliance - The company emphasizes the importance of compliance and integrity in its operations, aiming to maintain a strong industry culture[10]. - The company has established a comprehensive risk management framework, focusing on proactive risk prevention and real-time monitoring[143]. - The company has implemented a comprehensive liquidity risk management framework, including daily position tracking and monthly forward-looking analysis[171]. - The company has established a multi-level risk management framework, clearly defining the responsibilities of the board of directors, supervisory board, management, chief risk officer, and various departments[145]. - The company has established a comprehensive anti-money laundering management system, including a leadership group and various operational procedures[153]. Technological Advancements - The company’s technology investment for 2021 was RMB 1.85 billion, maintaining a leading position in the industry[102]. - The company has developed multiple influential proprietary technology products, such as e Haitong Finance and e Haitong Ark, enhancing management efficiency through big data and AI[135]. - The company has implemented a performance evaluation system covering all employees to enhance risk management effectiveness[146]. Corporate Governance - The company has established a robust compliance and risk management framework, with regular reviews conducted by the board and relevant committees[184]. - The company operates independently with a complete business system and has obtained the necessary licenses for securities operations, ensuring no interference from shareholders or related parties[189]. - The company has no controlling shareholder or actual controller, maintaining complete independence in operations and governance[188]. - The company appointed a new general manager, Mr. Li Jun, effective October 28, 2021, following the resignation of the previous general manager[183]. Strategic Focus and Future Plans - The company plans to focus on high-quality development in 2022, emphasizing stability and reform to achieve new progress[10]. - The company aims to accelerate high-quality sustainable development in 2022, promoting the concept of "One Haitong" to unify its brand and strategy[14]. - In 2022, the company plans to leverage trends in digital economy, green finance, and cross-border finance to support national strategies and regional development[140]. - The company will enhance its wealth management services targeting retail investors and private institutions, while expanding its asset management capabilities[141].