Financial Performance - Total operating revenue for the first half of 2023 was CNY 1,031,928,541.72, a decrease of 19.14% compared to CNY 1,276,256,206.59 in the same period last year[18]. - Net profit attributable to shareholders for the first half of 2023 was CNY 166,141,594.22, down 14.44% from CNY 194,176,263.38 year-on-year[18]. - Basic earnings per share for the first half of 2023 was CNY 0.16, a decrease of 11.11% compared to CNY 0.18 in the same period last year[19]. - The weighted average return on net assets for the first half of 2023 was 2.22%, down 0.45 percentage points from 2.67% year-on-year[19]. - Operating income for the first half of 2023 was CNY 7,154,443.43, down 85.70% from CNY 50,030,067.11 in the same period last year[18]. - The net profit after deducting non-recurring gains and losses was CNY 162,251,574.86, a decrease of 10.89% compared to CNY 182,074,036.83 year-on-year[18]. - Total revenue for the reporting period was CNY 1,031,928,541.72, a decrease of 19.14% compared to CNY 1,276,256,206.59 in the same period last year[41]. - Interest income decreased by 3.53% to CNY 319,115,351.76, down from CNY 330,790,158.41[41]. - Commission and fee income fell by 21.19% to CNY 705,658,746.53, compared to CNY 895,435,981.07 last year[41]. - Investment income surged by 266.34%, reaching CNY 311,878,477.60, up from CNY 85,134,378.91[42]. - The total comprehensive income for the first half of 2023 was CNY 180,867,623.58, compared to CNY 189,020,564.13 in the first half of 2022, showing a decline of approximately 4.06%[115]. Cash Flow and Liquidity - Net cash flow from operating activities for the first half of 2023 decreased by 114.73%, resulting in a net outflow of CNY 270,037,178.94[18]. - The cash flow from operating activities for the first half of 2023 was negative at CNY -270,037,178.94, compared to a positive CNY 1,832,757,646.11 in the first half of 2022[119]. - The cash outflow from operating activities for the first half of 2023 was CNY 5,199,297,307.54, an increase from CNY 4,111,524,664.98 in the same period of 2022[119]. - The net cash flow from financing activities was -116,363,093.27 RMB, compared to -109,411,520.28 RMB in the first half of 2022, reflecting increased cash outflows related to financing[123]. - The company experienced a net decrease in cash and cash equivalents of 734,741,404.78 RMB in the first half of 2023, contrasting with an increase of 1,475,685,573.48 RMB in the same period of 2022[120]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 37,667,893,579.88, an increase of 7.51% from CNY 35,035,478,696.98 at the end of the previous year[18]. - Total liabilities reached CNY 30.06 billion, up from CNY 27.50 billion, indicating an increase of about 9.3%[109]. - The company's total equity as of June 30, 2023, was CNY 6,046,465,805.27, down from CNY 6,100,023,884.37 at the end of 2022, indicating a decline of 0.9%[112]. - The company's asset-liability ratio was reported at 72.44%[90]. - The company's total liabilities to equity ratio stands at approximately 3.95, indicating a leverage increase compared to the previous period[109]. Investment and Asset Management - In the first half of 2023, the total scale of asset management business reached 51.347 billion, a year-on-year increase of 7.38%[31]. - The asset management department launched the "Commodity Cross-Section Multi-Factor Strategy Index" as an industry first during the reporting period[31]. - The company is actively exploring investment opportunities in sectors such as semiconductors, biomedicine, and artificial intelligence, with a focus on Pre-IPO investments[35]. - The company’s trading financial assets increased to ¥14.1 billion, representing 37.43% of total assets, up 50.86% from the previous year[46]. - The company reported a significant increase in sell-back financial assets to ¥7.44 billion, up 95.25% from the previous year, indicating growth in pledged repurchase business[47]. Regulatory and Compliance - The company faces potential policy risks that could adversely affect its operations, particularly in the highly regulated securities industry[56]. - Regulatory requirements focus on net capital management, with potential negative impacts on business operations and market reputation if capital structure adjustments are not timely[61]. - The company has committed to ensuring that its operations do not rely on other controlled enterprises, maintaining operational independence[77]. - The company has committed to adhering to the latest regulatory requirements regarding return compensation measures[80]. Environmental and Social Responsibility - The company emphasizes environmental responsibility by promoting green building practices and using energy-efficient materials in new and renovated offices[70]. - The company has committed to maintaining independence and avoiding conflicts of interest with its subsidiaries post-transaction, ensuring no competitive business activities[76]. - The company has established a training program for rural teachers to enhance educational support in impoverished areas, contributing to community development[73]. - The company promotes the use of electronic documents to significantly reduce paper usage and waste, thereby minimizing environmental impact[72]. Corporate Governance - The company held its first and second extraordinary general meetings in February and March 2023, respectively, to address board and supervisory committee elections[64]. - The company appointed new independent directors and supervisors during the 2022 annual general meeting held on May 15, 2023[65]. - The company has established independent governance structures and management institutions to ensure operational independence[77]. - The company has committed to linking executive compensation to the execution of return compensation measures[80]. Financial Instruments and Risk Management - The company assesses credit risk for financial instruments at each reporting date to determine expected credit losses, with provisions based on whether credit risk has significantly increased since initial recognition[179]. - The company recognizes expected credit losses for financial assets measured at amortized cost and those measured at fair value through other comprehensive income[178]. - The company uses derivative financial instruments to hedge risks related to exchange rates, interest rates, and security price fluctuations, measured at fair value[194]. - The company recognizes and measures impairment for contract assets based on expected credit losses over the entire duration[184].

上海证券交易所文件 上证上审（再融资）〔2023〕566 号 关于终止对上海华鑫股份有限公司 向特定对象发行股票审核的决定 上海华鑫股份有限公司： 上海证券交易所（以下简称本所）于 2023 年 3 月 21 日 依法受理了你公司向特定对象发行股票的申请文件，并按照 规定进行了审核。 2023 年 8 月 7 日，你公司和保荐人海通证券股份有限公 司及华鑫证券有限责任公司向本所提交了《华鑫股份关于撤 回上海华鑫股份有限公司 2022 年度向特定对象发行 A 股股 票申请文件的申请》《海通证券关于撤回上海华鑫股份有限 公司 2022 年度向特定对象发行 A 股股票申请文件的申请》 和《华鑫证券关于撤回上海华鑫股份有限公司 2022 年度向 特定对象发行 A 股股票申请文件的申请》，申请撤回向特定 1 主题词：主板 再融资 终止通知 上海证券交易所 2023 年 08 月 10 日印发 2 ─────────────── 对象发行股票的申请文件。根据《上海证券交易所上市公司 证券发行上市审核规则》第十九条、《上海证券交易所股票 发行上市审核规则》第六十三条（二）的有关规定，本所决 定终止对你公司向特定对象发行股票 ...

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法律责任。 上海华鑫股份有限公司（以下简称"公司"）于 2023 年 8 月 7 日召开了公司第十 一届董事会第三次会议，审议通过了《公司关于终止向特定对象发行股票事项并撤回申 请文件的议案》，同意公司终止 2022 年度向特定对象发行 A 股股票（以下简称"本次 向特定对象发行股票"）事项，并向上海证券交易所（以下简称"上交所"）申请撤回 相关申请文件。具体内容详见公司于 2023 年 8 月 8 日在上交所网站（www.sse.com.cn） 披露的《公司关于终止向特定对象发行股票事项并撤回申请文件的公告》。 证券代码：600621 证券简称：华鑫股份 编号：临 2023－046 上海华鑫股份有限公司关于收到 上海证券交易所《关于终止对上海华鑫股份有限公司 向特定对象发行股票审核的决定》的公告 公司和保荐人海通证券股份有限公司及华鑫证券有限责任公司于 2023 年 8 月 7 日 向上交所提交了《关于撤回上海华鑫股份有限公司 2022 年度向特定对象发行 A 股股票 申请文件的申请》《海 ...

Financial Performance - The net profit attributable to the parent company's shareholders for Q1 2023 was ¥86,757,261.63, compared to ¥80,568,250.70 in Q1 2022, representing an increase of approximately 8.3%[13] - The comprehensive income total for Q1 2023 was ¥105,288,635.99, compared to ¥79,180,424.23 in Q1 2022, marking an increase of approximately 33.0%[13] - The diluted earnings per share remained stable at ¥0.08 for both Q1 2023 and Q1 2022[13] - Total revenue for Q1 2023 was ¥522,744,062.60, a decrease of 17.4% compared to ¥632,875,451.10 in Q1 2022[29] - Interest income for Q1 2023 was ¥164,494,423.32, down from ¥170,423,824.33 in Q1 2022, reflecting a decline of 5.4%[29] - Total operating revenue for the reporting period was ¥522,744,062.60, representing a decrease of 17.40% compared to the same period last year[59] - Operating income for the reporting period was ¥4,384,085.02, showing a significant decline of 84.23% year-over-year[59] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥84,004,814.14, reflecting a growth of 5.98% year-over-year[59] Assets and Liabilities - The total assets as of the end of Q1 2023 amounted to ¥38,882,618,467.88, up from ¥35,035,478,696.98 at the end of Q1 2022, indicating a growth of about 8.1%[11] - The total liabilities increased to ¥26,452,441,379.69 in Q1 2023 from ¥22,746,531,276.22 in Q1 2022, reflecting a rise of approximately 16.5%[11] - The total equity attributable to the parent company's shareholders increased to ¥12,430,177,088.19 from ¥11,288,947,420.76, reflecting a growth of approximately 10.1%[11] - The total liabilities increased to ¥31,242,451,109.03 in Q1 2023, up from ¥27,500,659,133.58 in Q1 2022, reflecting a growth of 9.9%[29] - Total equity attributable to shareholders rose to ¥7,519,364,104.58 in Q1 2023, compared to ¥7,414,872,410.95 in Q1 2022, an increase of 1.4%[29] Cash Flow - The company's cash and cash equivalents decreased to ¥1,564,036,354.23 from ¥2,295,753,993.12, a decline of about 31.9%[11] - The net cash inflow from investment activities was 315,742,937.75 RMB, compared to 165,386,002.46 RMB in the previous period, indicating a significant increase[15] - The net cash outflow from investment activities amounted to 22,852,715.39 RMB, a decrease from a net inflow of 62,110,972.63 RMB in the previous period[15] - The net cash flow from financing activities was -836,339,273.09 RMB, a decline from a net inflow of 1,349,770,971.18 RMB in the previous period[15] - Net cash flow from operating activities for Q1 2023 was -¥963,946,419.05, compared to a positive cash flow of ¥164,296,423.57 in Q1 2022[32] - Cash inflow from operating activities totaled ¥7,131,757,859.69 in Q1 2023, significantly higher than ¥3,557,807,501.78 in Q1 2022, marking an increase of 100.1%[32] - Cash outflow from operating activities was ¥8,095,704,278.74 in Q1 2023, compared to ¥3,393,511,078.21 in Q1 2022, representing an increase of 138.5%[32] - The net increase in cash and cash equivalents was -1,824,192,794.23 RMB, compared to an increase of 1,576,044,649.51 RMB in the previous period[15] Shareholder Information - The top shareholder, Shanghai Yidian (Group) Co., Ltd., holds 34.12% of the shares, totaling 361,974,793 shares[62] - The second-largest shareholder, Huaxin Real Estate (Group) Co., Ltd., owns 13.15% of the shares, amounting to 139,517,522 shares[62] Regulatory and Operational Changes - The company received approval from the China Securities Regulatory Commission for a change in the actual controller of Morgan Stanley Huaxin Fund Management Co., Ltd. on February 3, 2023[8] - The company is implementing new accounting standards starting from 2023, which may affect the financial statements[33] - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions during this reporting period[63] Research and Development - Research and development expenses increased to approximately CNY 4.83 million from CNY 3.38 million year-over-year[50]

Equity Transfer and Financial Transactions - The company completed the transfer of 100% equity of Shanghai Jinling Investment Co., receiving a total of 58,644,399.14 CNY and 41,051,079.40 CNY in two installments, which accounted for 51% of the total transfer amount, resulting in an increase in net profit of 110.24 million CNY[6]. - The company received the third installment of the equity transfer payment amounting to 95,785,851.92 CNY on March 27, 2023[6]. - The company approved the transfer of 100% equity in Shanghai Jinling Investment Co., Ltd. as part of related transactions[54]. - The company transferred 100% equity of Jinling Investment to Huaxin Real Estate, with the first payment of RMB 58,644,399.14 received on December 13, 2022[145]. - The second payment of RMB 41,051,079.40 was received on December 27, 2022, and the third payment of RMB 95,785,851.92 was received on March 27, 2023[145]. Business Strategy and Development - The company aims to enhance its business development through financial technology, focusing on empowering various business lines from the brokerage segment[10]. - The company plans to implement a dual focus strategy in equity investment business and promote a direct investment plus sponsorship model[12]. - The company is committed to actively serving the real economy through its investment banking business, steadily increasing its scale in key regions[12]. Risk Management - The company faces increasing credit risk due to the complexity of its bond investment and securities derivative trading businesses[17]. - The company is managing liquidity risk by ensuring a balanced asset-liability structure and meeting internal funding needs[17]. - The company is navigating a challenging environment with rising credit risk exposure and the need for improved risk management practices[17]. Talent Acquisition and Employee Development - The company is enhancing its talent acquisition strategy by integrating various recruitment channels to strengthen its workforce[13]. - The total number of employees in the company and its main subsidiaries is 1,761, with 34 in the parent company and 1,461 in major subsidiaries[34]. - The company has a total of 456 employees with a master's degree or above, and 1,100 with a bachelor's degree[34]. - The company emphasizes talent retention and development as part of its strategic initiatives to enhance operational efficiency and compliance awareness[58]. - The "Xin Sheng Li" program for fresh graduates was launched, consisting of a one-year training cycle with four stages to enhance employee integration and company culture[58]. Financial Reporting and Compliance - The company’s internal control system construction and implementation details are available in the internal control evaluation report disclosed on March 31, 2023[39]. - The company’s board of directors and senior management compensation is determined based on performance evaluations and industry benchmarks[26]. - The company has established a performance evaluation mechanism for senior management during the reporting period[39]. - The company guarantees that it will not engage in any business activities that compete with Huaxin Co. and its subsidiaries after the completion of the transaction, ensuring that any profits from such activities will be compensated to the listed company[103]. - The company commits to minimizing and regulating related party transactions with the listed company and its subsidiaries, adhering to market principles and fair pricing[103]. Social Responsibility and Environmental Initiatives - The company actively fulfills its social responsibility by donating to educational funds and charitable foundations, including a donation to East China Normal University for establishing a special education fund[78]. - The company has established a special scholarship fund to support impoverished medical students, demonstrating its commitment to social welfare[78]. - The company has implemented measures to reduce carbon emissions during the reporting period, although specific results are not detailed[75]. - The company has taken measures to minimize noise, dust, and waste pollution during construction projects[95]. - The company has reported on its social responsibility efforts in its 2022 Social Responsibility Report[97]. Financial Assets and Liabilities - Financial assets are initially measured at fair value, with transaction costs included in the initial recognition amount for certain categories[43]. - Subsequent measurement of financial assets will be based on amortized cost or fair value, with changes recognized in profit or loss or other comprehensive income[43]. - The company recognizes interest income using the effective interest method, calculated based on the carrying amount of financial assets[43]. - Expected credit losses are used for impairment accounting, affecting specific financial assets[44]. - Financial liabilities are classified as measured at amortized cost, except for those measured at fair value and whose changes are recognized in profit or loss, including trading financial liabilities and derivatives[74]. Shareholder Information - The total number of ordinary shareholders increased to 67,101 by the end of the reporting period, up from 65,229 at the end of the previous month[177]. - The top ten shareholders hold a total of 34.12% of the shares, with Shanghai Yidian (Group) Co., Ltd. holding 361,974,793 shares[179]. - The company approved a non-public offering of A-shares on February 10, 2023, during the first temporary shareholders' meeting of 2023[176]. Audit and Legal Compliance - The company has appointed Zhonghua Accounting Firm with an audit fee of 140.8 million, maintaining a continuous audit service for 2 years[109]. - The company has no significant litigation or arbitration matters pending during the reporting period[111]. - The company has ensured compliance with all legal obligations and has not defaulted on any significant debts during the reporting period[111].

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法律责任。 证券代码：600621 证券简称：华鑫股份 公告编号：临 2023-022 上海华鑫股份有限公司 关于召开 2022 年度业绩说明会的公告 重要内容提示： 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 04 月 03 日(星期一) 至 04 月 10 日(星期一)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 wangwei@shchinafortune.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。 上海华鑫股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日发布公 司2022年度报告，为便于广大投资者更全面深入地了解公司2022年度经营成果、 财务状况，公司计划于 2023 年 04 月 11 日 下午 13:00-14:00 举行 2022 年度业 绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动 ...

Financial Performance - Total operating revenue for Q3 2022 was ¥621,839,528.92, a decrease of 12.55% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2022 was ¥50,097,349.36, down 83.74% year-on-year[9]. - Basic earnings per share for Q3 2022 was ¥0.05, a decrease of 82.76% compared to the same period last year[9]. - The net profit attributable to shareholders for the year-to-date period decreased by 49.85% to ¥244,273,612.74[16]. - Net profit for the third quarter was ¥245,419,493.52, a decrease of 50.0% from ¥490,106,300.85 in the same quarter of the previous year[36]. - The net profit attributable to the parent company shareholders was CNY 244,273,612.74, a decrease from CNY 487,085,296.12 in the previous year, representing a decline of approximately 50%[40]. - The total comprehensive income attributable to the parent company owners was CNY 241,193,348.63, down from CNY 485,061,222.99, reflecting a decline of about 50%[40]. Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥37,817,102,967.93, an increase of 10.44% from the end of the previous year[9]. - As of September 30, 2022, the total current assets amounted to CNY 36,174,253,271.15, an increase from CNY 32,737,208,722.03 as of December 31, 2021, reflecting a growth of approximately 10.5%[28]. - The total liabilities increased to ¥30,364,348,711.19, up from ¥26,882,381,135.34, representing a rise of 12.3%[33]. - The total amount of short-term financing payable decreased to ¥1,676,652,463.18 from ¥2,451,295,525.63, a reduction of 31.5%[33]. Cash Flow - The company reported a net cash flow from operating activities of ¥1,570,876,212.32 for the year-to-date period[9]. - Cash inflows from operating activities totaled CNY 7,652,315,853.24, significantly higher than CNY 4,166,716,890.93 in the previous year, marking an increase of approximately 83%[42]. - Cash outflows from operating activities amounted to CNY 6,081,439,640.92, compared to CNY 5,197,988,012.07 in the previous year, resulting in a net cash flow from operating activities of CNY 1,570,876,212.32[45]. - Cash inflows from investing activities were CNY 479,161,726.20, down from CNY 1,352,636,938.90, indicating a decrease of about 65%[45]. - Cash inflows from financing activities totaled CNY 3,344,850,522.66, compared to CNY 9,585,933,266.33 in the previous year, reflecting a decline of approximately 65%[47]. - The net cash flow from financing activities was negative at CNY -1,010,104,504.44, contrasting with a positive flow of CNY 2,607,837,229.22 in the previous year[47]. - The cash and cash equivalents at the end of the period were CNY 13,342,966,364.68, slightly up from CNY 13,242,437,373.30 at the end of the previous year[47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,985[17]. - The largest shareholder, Shanghai Yidian (Group) Co., Ltd., held 34.12% of the shares[17]. Strategic Developments - The company’s financial performance in the third quarter of 2022 reflects ongoing strategic adjustments and market conditions impacting revenue streams[24]. - The company’s subsidiary, Huaxin Securities, received approval for its sponsorship business qualifications, which may enhance its operational capabilities moving forward[24]. - The company is actively monitoring market trends and adjusting strategies to optimize performance in the upcoming quarters[24]. Research and Development - Research and development expenses rose to ¥29,145,363.06, compared to ¥16,529,432.98, marking an increase of 76.2% year-over-year[36].

Financial Performance - Total operating income for the first half of 2022 was CNY 1,276,256,206.59, an increase of 34.66% compared to CNY 947,792,150.12 in the same period last year[24]. - Net profit attributable to shareholders of the listed company reached CNY 194,176,263.38, up 8.53% from CNY 178,922,795.04 year-on-year[24]. - Net cash flow from operating activities was CNY 1,832,757,646.11, a significant improvement from a negative cash flow of CNY -1,332,899,797.01 in the previous year[24]. - The company reported a 16.01% increase in net profit after deducting non-recurring gains and losses, reaching CNY 182,074,036.83 compared to CNY 156,946,734.49 last year[24]. - Basic earnings per share for the first half of 2022 were CNY 0.18, a 5.88% increase from CNY 0.17 in the same period last year[26]. - The weighted average return on net assets was 2.67%, an increase of 0.08 percentage points compared to 2.59% in the previous year[26]. Asset and Liability Management - The company's total assets increased by 11.72% to CNY 38,255,269,566.11 from CNY 34,242,267,063.55 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were CNY 7,279,764,555.12, reflecting a slight increase of 0.55% from CNY 7,240,162,687.82[24]. - The company's total liabilities at the end of the reporting period were approximately ¥38.3 billion, with a significant increase in sell-back financial assets to ¥6.15 billion, accounting for 16.08% of total liabilities[59]. - The debt-to-asset ratio increased to 71.57%, up 3.85% from 67.72% at the end of the previous year[125]. Revenue Streams - The company achieved a 49.7% increase in commission and fee income, totaling 895.44 million RMB compared to 598.16 million RMB in the previous year[53]. - Interest income increased by 16.17% to 330.79 million RMB compared to 284.75 million RMB in the previous year[53]. - The total operating costs for the first half of 2022 were CNY 1,196,101,352.43, compared to CNY 943,740,842.51 in the previous year, marking an increase of approximately 26.8%[143]. Investment and Growth Strategies - The company has focused on enhancing its financial technology capabilities, which has positively impacted its brokerage business performance[40]. - The company’s self-operated business has adopted a cautious investment strategy, emphasizing risk management and diversification in its investment portfolio[41]. - The total asset management scale of Huaxin Securities reached 47.816 billion RMB, an increase of 47.05% year-on-year[42]. - The company issued 4 special asset management plans with a total issuance scale of 3.248 billion RMB in the first half of 2022[42]. Risk Management - The company faces potential policy risks that could adversely affect its operations, particularly in the highly regulated securities industry[69]. - Market risk is primarily associated with equity securities investment, fixed income securities investment, derivatives trading, and commodity investment, with increasing complexity due to the rapid development of the derivatives market[70]. - Credit risk is concentrated in bond investment, derivatives trading, and margin financing, with rising exposure due to increased leverage and market volatility[72]. - Liquidity risk arises from mismatched asset-liability structures and operational losses, necessitating proactive liquidity management to meet funding needs[73]. Corporate Governance and Compliance - The company has established a robust compliance and risk management system to ensure sustainable development[37]. - There were no significant non-operating fund occupation issues by controlling shareholders or related parties[10]. - The company guarantees that all related transactions with Huaxin Co. and its subsidiaries will be minimized and conducted at fair market prices, adhering to legal and regulatory requirements[88]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 73,793[108]. - The top shareholder, Shanghai Yidian (Group) Co., Ltd., holds 361,974,793 shares, representing 34.12% of total shares[112]. - The report indicates no changes in the controlling shareholder or actual controller during the reporting period[111]. Environmental and Social Responsibility - The company emphasizes environmental protection by adhering to low-carbon economy regulations and using green materials in new office constructions[81]. - The company continues to support poverty alleviation and rural revitalization efforts through professional assistance in finance and education[83]. Financial Reporting and Accounting - The financial statements are prepared based on the actual transactions and events in accordance with the Accounting Standards for Business Enterprises[2]. - The company’s accounting period runs from January 1 to December 31 each year[2]. - The scope of the consolidated financial statements includes the company and its subsidiaries, determined based on control[188].

Revenue and Profitability - Total revenue for Q1 2022 reached ¥632,875,451.10, an increase of 41.41% compared to the same period last year[6] - Operating income decreased to ¥27,797,468.89, down 18.48% year-over-year[6] - Net profit attributable to shareholders was ¥80,568,250.70, reflecting a slight increase of 2.16% year-over-year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥79,266,717.69, up 34.01% compared to the previous year[6] - Basic and diluted earnings per share were both ¥0.08, representing a 14.29% increase[9] - Net profit for Q1 2022 was CNY 80,885,164.24, slightly up from CNY 80,061,561.33 in Q1 2021, indicating a growth of 1.0%[32] - Total comprehensive income for the first quarter of 2022 was CNY 79,180,424.23, compared to CNY 75,246,410.88 in the same period of 2021, representing an increase of approximately 2.5%[34] Cash Flow and Liquidity - Net cash flow from operating activities was ¥164,296,423.57, with significant inflows from lending and client funds[6] - Cash inflows from operating activities totaled CNY 3,557,807,501.78 in Q1 2022, significantly higher than CNY 980,662,089.03 in Q1 2021, marking an increase of approximately 262.5%[38] - The net cash flow from operating activities for Q1 2022 was CNY 164,296,423.57, a turnaround from a negative cash flow of CNY -378,175,169.78 in Q1 2021[39] - Cash inflows from financing activities reached CNY 2,246,638,301.89 in Q1 2022, compared to CNY 1,864,809,768.24 in Q1 2021, reflecting an increase of about 20.4%[39] - The total cash and cash equivalents at the end of Q1 2022 amounted to CNY 14,244,026,009.74, up from CNY 10,791,190,558.07 at the end of Q1 2021, indicating a growth of approximately 32.7%[39] - The company reported a significant increase in cash received from interest, fees, and commissions, totaling CNY 612,000,537.62 in Q1 2022, compared to CNY 421,904,557.95 in Q1 2021, which is an increase of about 45.1%[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥38,092,367,747.83, an increase of 11.24% from the end of the previous year[9] - The total assets of the company reached approximately ¥38.09 billion as of March 31, 2022, compared to ¥34.24 billion on December 31, 2021, reflecting an increase of about 11%[23] - The company's total liabilities reached CNY 30,654,246,395.39, an increase from CNY 26,882,381,135.34, reflecting a growth of 10.5%[26] - The company’s total liabilities were not explicitly stated, but the increase in current liabilities suggests a potential rise in financial obligations[23] Shareholders' Equity - Shareholders' equity attributable to the parent company was ¥7,319,026,198.51, up 1.09% from the previous year[9] - Shareholders' equity totaled CNY 7,438,121,352.44, up from CNY 7,359,885,928.21, representing a growth of 1.1%[28] Operating Costs and Expenses - Total operating costs increased to CNY 539,057,380.23, compared to CNY 442,190,440.02 in the previous year, marking a rise of 21.9%[28] - Research and development expenses increased to CNY 3,376,172.73 from CNY 2,465,109.95, a rise of 37.0% year-over-year[32] - The company reported a decrease in financial expenses to CNY 2,000,894.65 from CNY 2,914,137.30, a reduction of 31.3%[32] Investment and Growth - The increase in total revenue was primarily driven by growth in brokerage and investment banking services[11] - The company reported a net inflow of funds from repurchase transactions, contributing to the increase in cash flow from operating activities[11] - The company has not disclosed any significant new product launches or technological advancements during this reporting period[19] - There are no indications of market expansion or mergers and acquisitions mentioned in the current report[19] Current Assets and Receivables - The company's cash and cash equivalents amounted to ¥9.57 billion, up from ¥8.34 billion year-over-year, indicating a growth of approximately 14.8%[19] - The trading financial assets increased to ¥11.89 billion from ¥9.56 billion, representing a growth of around 24.4%[19] - The total current assets rose to ¥36.44 billion, compared to ¥32.74 billion in the previous year, marking an increase of about 11.8%[23] - The company reported accounts receivable of ¥100.04 million, which is an increase from ¥65.06 million, reflecting a growth of approximately 53.8%[19] - The company’s contract liabilities decreased to CNY 8,418,038.98 from CNY 12,711,729.10, a decline of 33.0%[26] Borrowings and Investments - The company’s short-term borrowings were reported at ¥217.74 million, slightly up from ¥207.72 million, showing a year-over-year increase of approximately 4.9%[23] - The company’s long-term equity investments were valued at ¥275.15 million, a slight decrease from ¥277.01 million, indicating a decline of about 0.67%[23] Sales and Services - Cash inflows from the sale of goods and services were CNY 24,996,830.49 in Q1 2022, down from CNY 37,079,584.43 in Q1 2021, representing a decrease of approximately 32.7%[38]

Financial Performance - Total revenue for 2021 reached ¥2,312,443,491.77, an increase of 29.07% compared to ¥1,791,635,946.30 in 2020[22] - Net profit attributable to shareholders was ¥494,717,885.13, a decrease of 30.15% from ¥708,287,090.76 in the previous year[22] - Net profit after deducting non-recurring gains and losses increased by 36.41% to ¥288,376,669.17 from ¥211,398,717.46 in 2020[22] - The net cash flow from operating activities was negative at -¥721,028,977.91, a decline of 239.85% compared to ¥515,567,188.07 in 2020[22] - Total assets increased by 25.58% to ¥34,242,267,063.55 from ¥27,266,933,188.69 in 2020[22] - Net assets attributable to shareholders rose by 4.83% to ¥7,240,162,687.82 from ¥6,906,819,751.92 at the end of 2020[22] - The basic earnings per share decreased by 29.85% to CNY 0.47 compared to CNY 0.67 in the previous year[24] - The weighted average return on equity decreased by 3.78 percentage points to 7.02% from 10.8% in the previous year[24] - The total amount of non-recurring gains in 2021 was CNY 206,341,215.96, compared to CNY 496,888,373.30 in 2020[28] Revenue Breakdown - Interest income increased by 8.82% to approximately ¥624.8 million, while commission and fee income rose significantly by 46.40% to approximately ¥1.557 billion[53] - Securities business revenue increased by 36.89% to ¥2,051,771,533.91, with costs rising by 39.38% to ¥906,131,710.66[57][60] - Revenue from property leasing and property services decreased by 17.98% to ¥52,527,374.72, with a gross margin reduction of 5.38 percentage points to 26.15%[57] - The company achieved a 70.42% increase in fair value gains, amounting to approximately ¥99.8 million, compared to the previous year[53] - The company reported a 31.07% increase in revenue from domestic financial services, totaling ¥2,217,052,572.61[57] Investment and Asset Management - The asset management business total scale reached CNY 44.1 billion, an increase of 99.65% compared to the end of 2020, with collective asset management plan scale growing by 298.78%[36] - The company completed the issuance of its first QDII product and its first insurance fund external product during the reporting period[36] - The company’s futures brokerage business saw an increase in client equity, reaching CNY 2.169 billion by the end of the reporting period[39] - The company has engaged in cash asset management, with structured deposits amounting to RMB 680.3 million and a remaining balance of RMB 40 million[179] Corporate Governance and Management - The company has established a governance structure that clarifies responsibilities among decision-making, execution, and supervisory bodies to enhance operational risk management and information disclosure[101] - The total pre-tax remuneration for senior management during the reporting period amounted to CNY 1,295.92 million, with individual compensation details provided for key executives[104] - The company has implemented measures to reduce environmental impact, including using green materials in new office constructions and promoting electronic documentation to save resources[149] - The company has committed to long-term communication and collaboration with independent directors to strengthen governance and oversight[144] Risks and Challenges - The company has identified various industry and market risks in its annual report, advising investors to review the relevant sections for detailed analysis[8] - The company faces potential risks including policy risks, market risks, and credit risks, which could impact its operations and financial performance[96] - Liquidity risk is defined as the inability to obtain sufficient funds in a timely manner to meet obligations, influenced by factors such as asset-liability mismatches and operational losses[97] - Regulatory authorities manage securities companies based on net capital as a core risk control indicator, with adverse changes potentially impacting business operations and market reputation[98] Future Plans and Strategies - The company aims to become a competitive financial technology-driven securities firm, focusing on core business development and increasing investment in financial technology[89] - In 2022, the company plans to enhance its core investment management capabilities and expand its asset management product line, emphasizing "stable returns and low volatility" as a core principle[92] - The company will actively expand its investment banking business and apply for equity underwriting licenses, focusing on the Yangtze River Delta region for collaborative development[92] Shareholder Information - The total number of common shareholders as of the end of the reporting period is 71,308, an increase from 68,766 at the end of the previous month[191] - The largest shareholder, Shanghai Yidian (Group) Co., Ltd., holds 361,974,793 shares, representing 34.12% of the total shares[194] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for over 56%[194] - The actual controller of the company is the Shanghai State-owned Assets Supervision and Administration Commission, established on August 1, 2003[200]