安信信托股份有限公司公告 证券代码：600816 证券简称：ST 安信 编号：临 2023-030 重要内容提示: （网址：http://roadshow.sseinfo.com/） 安信信托股份有限公司（以下简称"公司"）将于 2023 年 4 月 28 日发布公司 2022 年年度报告，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 05 月 09 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形式召开，公司将针对 2022 年度的经营成果及财 务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就投资 者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 05 月 09 日(星期二) 下午 13:00-14:00 （二）会议召开地点：上海证券交易所上证路演中心 （三）会议召开方式：上证路演中心网络互动 安信信托股份有限公司 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 ...

中信证券股份有限公司 上市保荐书 保荐机构（主承销商） 安信信托股份有限公司 向特定对象发行 A 股股票 之 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二三年四月 关于 安信信托股份有限公司向特定对象发行 A 股股票 上市保荐书 声 明 中信证券股份有限公司（以下简称"中信证券"、"保荐机构"、"保荐人"） 及其保荐代表人已根据《中华人民共和国公司法》《中华人民共和国证券法》等 法律法规和中国证券监督管理委员会（以下简称中国证监会）及上海证券交易所 的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行业自律规 范出具上市保荐书，并保证所出具文件真实、准确、完整。 1 | 声 | 明 1 | | --- | --- | | 目 | 录 2 | | 释 | 义 3 | | 第一节 | 本次证券发行基本情况 4 | | | 一、发行人基本情况 4 | | | 二、本次发行情况 8 | | | 三、保荐代表人、项目协办人及项目组其他成员情况 10 | | 第二节 | 保荐机构与发行人存在的关联关系 12 | | | 一、保荐机构或其控股股东、实际控制人、重要关联方持有发行人或其控 | ...

Financial Performance - Total revenue for Q3 2022 was RMB 153,292,819.14, representing a year-on-year increase of 163.74%[4] - Net profit attributable to shareholders for Q3 2022 was a loss of RMB 371,915,817.99, an increase in loss of 44.61% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was a loss of RMB 190,296,613.30, an increase in loss of 60.93% year-on-year[4] - Net loss for the third quarter of 2022 was CNY 1,258,050,268.76, compared to a net loss of CNY 1,819,382,853.27 in the same quarter of 2021, showing an improvement of approximately 30.8%[22] - The net profit attributable to shareholders of the parent company for the third quarter was CNY -1,257,749,315.87, compared to CNY -1,818,908,754.20 in the same quarter of the previous year, indicating a year-over-year improvement of approximately 30.8%[22] - Net profit for the first three quarters of 2022 was -1,261,953,944.24 RMB, compared to -1,814,688,620.36 RMB in the same period of 2021[30] - The company reported a total comprehensive loss of -1,261,953,944.24 RMB for the first three quarters of 2022, compared to -1,814,688,620.36 RMB in the same period of 2021[30] Assets and Liabilities - Total assets at the end of Q3 2022 were RMB 16,600,665,221.54, a decrease of 2.13% compared to the end of the previous year[5] - The total assets decreased to CNY 16,600,665,221.54 from CNY 16,961,324,456.26 in the previous year, indicating a decline of approximately 2.1%[19] - The total liabilities as of the end of the third quarter of 2022 amounted to CNY 16,902,119,653.58, an increase from CNY 16,004,728,619.54 year-over-year, reflecting a growth of about 5.6%[19] - The total liabilities increased to ¥15,542,560,043.83 as of September 30, 2022, compared to ¥14,464,991,210.50 at the end of 2021, indicating a rise of about 7.45%[27] - The company's total non-current liabilities increased to CNY 2,691,035,270.58 from CNY 2,281,019,603.70, representing a growth of about 18%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period was 64,052[11] - The largest shareholder, China Trust Industry Guarantee, holds 1,455,000,000 shares, accounting for 26.6% of total shares[11] - The total number of shares held by the top ten unrestricted shareholders is 2,000,000,000, representing a significant concentration of ownership[12] - The company has not disclosed any known relationships or concerted actions among the top shareholders[14] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was RMB 132,389,454.24, showing an increase of 11.24%[4] - The company's cash and cash equivalents decreased to ¥350,267,921.28 from ¥953,684,390.97 year-over-year, representing a decline of approximately 63.3%[17] - The total cash inflow from investment activities was ¥16,855,351.77, while the cash outflow was ¥750,450,837.65, resulting in a net cash flow from investment activities of -¥733,595,485.88, compared to a positive net cash flow of ¥188,393,555.34 in 2021[25] - Cash flow from investing activities resulted in a net outflow of -733,595,485.88 RMB, contrasting with a net inflow of 186,931,559.70 RMB in the same period of 2021[33] Earnings Per Share - Basic earnings per share for Q3 2022 was -0.0680, a decrease of 44.62% year-on-year[5] - Diluted earnings per share for Q3 2022 was also -0.0680, reflecting the same decrease of 44.62% year-on-year[5] - Basic and diluted earnings per share for the third quarter were both CNY -0.2300, an improvement from CNY -0.3326 in the same quarter of 2021[22] Revenue and Costs - Total operating revenue for the first three quarters of 2022 was CNY 179,979,640.54, an increase from CNY 172,872,616.87 in the same period of 2021, representing a growth of approximately 4.1%[20] - Total operating costs for the first three quarters of 2022 were CNY 749,321,410.66, down from CNY 1,247,542,409.39 in the previous year, indicating a reduction of about 40%[20] - Total operating expenses for the first three quarters of 2022 were 283,449,715.42 RMB, down from 321,972,612.23 RMB in the same period of 2021[29] - Operating profit for the first three quarters of 2022 was -814,281,812.45 RMB, an improvement from -1,317,655,879.63 RMB year-over-year[29] Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[25]

Financial Performance - Total operating income for the first half of 2022 was CNY 26,686,821.40, a decrease of 76.74% compared to the same period last year[18]. - Net profit attributable to shareholders for the first half of 2022 was -CNY 885,833,497.88, an improvement of 22.80% from -CNY 1,147,512,586.11 in the previous year[18]. - Net cash flow from operating activities was CNY 33,290,117.77, down 60.24% from CNY 83,721,361.18 in the same period last year[18]. - The report period's net assets attributable to shareholders were -CNY 636,280,184.22, reflecting significant financial challenges[18]. - The basic earnings per share for the first half of 2022 were -CNY 0.1620, an improvement of 22.80% from -CNY 0.2098 in the same period last year[19]. - The total comprehensive loss for the first half of 2022 was CNY -886,134,450.77, compared to CNY -1,147,785,763.57 in the previous year, indicating a reduction of approximately 22.8%[110]. - The company reported a net loss of approximately ¥892.76 million for the first half of 2022, compared to a net loss of ¥1.14 billion in the same period of 2021, indicating an improvement of about 22.5% year-over-year[112]. - The total comprehensive income for the first half of 2022 decreased by CNY 892,756,995.14, reflecting a significant loss compared to the previous period[123]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,760,691,346.36, a decrease of 1.18% from CNY 16,961,324,456.26 at the end of the previous year[18]. - The company's total equity showed a significant decline, reaching CNY -570,471,885.15 in the first half of 2022, compared to CNY 322,285,109.99 in the same period of 2021[107]. - The total liabilities increased to CNY 15,244,612,230.28 in the first half of 2022, up from CNY 14,464,991,210.50 in the previous year, reflecting a growth of about 5.4%[107]. - The company's equity attributable to shareholders decreased from ¥249,553,313.66 to -¥636,280,184.22, indicating a significant decline[104]. - The total current assets decreased from 5,780,776,180.64 RMB to 5,618,842,358.05 RMB, reflecting a decline of approximately 2.83%[102]. - The total amount of guarantees provided by the company during the reporting period (excluding guarantees to subsidiaries) is 49,000,000 RMB[84]. Risk Management - The company has detailed descriptions of various risks including credit risk, market risk, liquidity risk, and operational risk in the report[6]. - The company is actively managing credit risk, focusing on the recovery of existing risk projects and planning significant asset restructuring[50]. - The board of directors is responsible for the overall risk management framework, ensuring effective internal controls and risk mitigation strategies[49]. - The company is strengthening its compliance risk management capabilities and promoting a culture of compliance to prevent legal sanctions and reputational damage[52]. - The company is actively addressing liquidity risks in trust projects through third-party transfers of trust beneficiary rights and extensions from funding parties[51]. Corporate Governance and Compliance - The company has not disclosed any profit distribution plan or capital reserve transfer plan for the reporting period[4]. - The company has maintained a strict internal control mechanism to ensure independent operations within authorized limits[52]. - The company has committed to not seeking preferential treatment from Anxin Trust in business cooperation due to its shareholder status, ensuring compliance with relevant laws and regulations[62]. - The company has not engaged in any business that competes with Anxin Trust, ensuring no conflicts of interest exist[64]. - The company has signed debt settlement agreements totaling 44.5 billion RMB with creditors, including China Bank and the Trust Industry Guarantee Fund[129]. Shareholder Information - The company's largest shareholder, Shanghai Guozhijie Investment Development Co., Ltd., holds 2,867,929,342 shares, accounting for 52.44% of the total shares[91]. - The total number of common shareholders as of the end of the reporting period is 65,867[90]. - The total share capital as of June 30, 2022, was 5,469,137,919 shares, with 204,847,399 shares subject to restrictions, representing 3.75% of total shares[125]. Legal Matters - As of June 30, 2022, the company is involved in 37 lawsuits related to guarantees provided, with one case having changed from defendant to third party[71]. - The company faced litigation related to business trust disputes, with amounts involved being CNY 3,080,000 and CNY 1,797,249, both of which have been withdrawn without receiving a ruling[72]. - The company has a labor dispute with a claim amounting to CNY 438,760.96, which partially supported the original plaintiff's request[73]. Financial Reporting and Accounting Policies - The company's financial statements are prepared in accordance with the Accounting Standards for Business Enterprises, ensuring compliance and transparency[131]. - The company recognizes commission income when services are provided and amounts can be reliably measured[198]. - The company does not apply expected credit loss methods for accounts receivable, other receivables, and inventory[154][155]. - The company uses the straight-line method for depreciation of fixed assets, with a depreciation rate of 2.71% for buildings and 19.00% to 31.67% for specialized equipment[162]. - The company assesses the fair value of financial instruments using observable market data and valuation techniques, ensuring compliance with industry practices[196].

Financial Performance - Total operating revenue for Q1 2022 was CNY 16,478,661.43, a decrease of 71.91% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY -476,331,821.07, representing an increase in loss of 34.50% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -295,905,564.56, a decrease of 45.56% compared to the previous year[4] - Basic and diluted earnings per share were both CNY -0.0871, reflecting a 34.50% increase in loss compared to the previous year[5] - Net profit for Q1 2022 was reported at -¥476,482,476.51, compared to -¥727,401,943.08 in Q1 2021, indicating an improvement of approximately 34.4% year-over-year[21] - The company's total comprehensive loss for Q1 2022 was -¥476,482,476.51, compared to -¥727,401,943.08 in the same period last year, marking a year-over-year improvement[22] - The total profit for Q1 2022 was -501,671,618.72 RMB, compared to -776,181,239.06 RMB in Q1 2021, indicating a decrease of about 35.3%[24] - Operating profit for Q1 2022 was -321,150,661.85 RMB, improved from -592,443,239.50 RMB in the same period last year, reflecting a 45.7% reduction in losses[24] Cash Flow - Net cash flow from operating activities was CNY -21,744,823.23, down 39.40% year-on-year[5] - Cash flow from operating activities in Q1 2022 showed a net outflow of -21,744,823.23 RMB, compared to -15,598,445.17 RMB in Q1 2021[26] - Cash inflow from operating activities totaled 42,017,008.82 RMB in Q1 2022, down from 58,149,981.18 RMB in Q1 2021, a decline of approximately 27.7%[28] - The net cash flow from financing activities in Q1 2022 was -2,276,578.20 RMB, indicating a decrease in cash from financing sources[27] - The net cash outflow from investing activities was -500,024,165.49, compared to -15,472,754.59 in the prior year[29] - The company reported a net increase in cash and cash equivalents of -523,879,393.91 for Q1 2022, compared to -15,445,094.59 in the same period last year[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,760,132,808.44, a decrease of 1.19% from the end of the previous year[5] - The total liabilities reached RMB 16,280,019,448.23, compared to RMB 16,004,728,619.54 previously, indicating an increase in liabilities[15] - The company's total equity attributable to shareholders was negative at RMB -226,778,507.41, a decline from RMB 249,553,313.66[15] - The company's total equity as of March 31, 2022, was reported at -¥153,230,547.90, a decrease from ¥322,285,109.99 as of December 31, 2021[17] - The total current assets were RMB 5,557,507,092.64, down from RMB 5,780,776,180.64 in the previous period[14] - The company's short-term borrowings and other current liabilities totaled RMB 13,904,556,117.43, an increase from RMB 13,723,709,015.84[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 68,139[9] - The largest shareholder, Shanghai Guozhijie Investment Development Co., Ltd., held 2,867,929,342 shares, accounting for 52.44% of the total shares[9] Other Financial Metrics - Weighted average return on equity decreased by 4,045.57 percentage points, indicating a significant decline in profitability[5] - Cash and cash equivalents decreased to RMB 429,739,652.55 from RMB 953,684,390.97[13] - The company experienced a decrease in credit impairment losses, reporting 3,221,359.34 RMB in Q1 2022 compared to 43,375,314.78 RMB in Q1 2021, a reduction of approximately 92.6%[24] - The cash paid for employee compensation and related expenses was 49,467,238.90, while taxes paid amounted to 2,736,067.94[29] - The company made cash payments of 500,000,000.00 for the acquisition of fixed assets and other long-term assets during the quarter[29] - The company did not apply the new accounting standards for the first time in 2022, as indicated in the report[30]

Financial Performance - The company reported a net profit attributable to shareholders of -1,129.21 million RMB for the year 2021, with a year-end distributable profit of -10,532.82 million RMB[4]. - Total revenue for 2021 was CNY 224,675,597.89, a decrease of 24.66% compared to 2020[21]. - Net profit attributable to shareholders was CNY -1,129,209,611.93, an improvement of 83.24% from the previous year[21]. - Operating cash flow for 2021 was CNY 148,114,277.66, down 68.97% from 2020[21]. - Basic earnings per share for 2021 was CNY -0.2065, an increase of 83.24% compared to CNY -1.2320 in 2020[22]. - The company's total assets decreased by 14.90% to CNY 16,961,324,456.26 at the end of 2021[21]. - The net assets attributable to shareholders dropped by 72.05% to CNY 249,553,313.66 at the end of 2021[21]. - The company reported a quarterly net profit of CNY 689,699,142.27 in Q4 2021, marking a significant turnaround from previous quarters[24]. - The company achieved total revenue of CNY 224.68 million in 2021, a decrease of 24.66% compared to the previous year[42]. - The company reported a significant decrease in interest income, down 92.32% to CNY 4.37 million compared to the previous year[44]. - The investment income for the company was CNY 1,079.90 million, primarily from debt restructuring gains and financial asset disposals[44]. - The company reported a net loss of ¥10,532,824,817.60, worsening from a loss of ¥9,403,615,205.67 in the previous year[156]. - The company reported a comprehensive loss of CNY 6.73 billion for the current period[182]. Risk Management and Compliance - The company has detailed descriptions of various risks, including credit risk, market risk, liquidity risk, and operational risk in its report[7]. - The company is committed to maintaining a strong reputation and has implemented measures to manage reputation risks effectively[65]. - The company has established a robust internal control mechanism to manage operational risks and ensure compliance with legal and regulatory requirements[64]. - The company has not experienced any major violations of laws or regulations during the reporting period, reflecting its commitment to compliance culture[65]. - The company aims to enhance compliance risk management capabilities and foster a culture of compliance across all levels[64]. - The company has not faced any penalties from securities regulatory agencies in the past three years[82]. - The company has not reported any non-compliance or penalties against its directors, supervisors, or senior management during the reporting period[115]. Corporate Governance - The company’s board of directors and management have confirmed the authenticity, accuracy, and completeness of the annual report[2]. - The company’s accounting firm issued a standard unqualified audit report for the financial statements[3]. - The board of directors consists of 5 members, including 3 independent directors, ensuring effective governance and risk management[67]. - The company’s independent directors have extensive experience in finance and management, enhancing governance and oversight[74]. - The company’s management team includes individuals with backgrounds in major financial institutions, contributing to strategic decision-making[74]. - The company has a risk control and audit committee that convened five times during the reporting period to discuss audit plans and internal control evaluations[87]. - The company’s board of directors has established a remuneration and assessment committee to evaluate management performance for the year 2021[97]. Strategic Initiatives - The company plans to actively promote a non-public stock issuance and strengthen asset recovery efforts in 2022[9]. - The company aims to restore active management operations and enhance internal control and risk management levels[9]. - The company is committed to serving the real economy and investors while contributing to the construction of Shanghai as an international financial center[9]. - The company plans to issue up to 4.38 billion shares to Shanghai Di'an Investment Management Co., Ltd., which will result in them holding 44.44% of the company's shares[39]. - The company plans to continue restructuring and risk mitigation efforts, aiming to return to normal operations[187]. - The company aims to enhance its capital strength and profitability by leveraging its advantages in the capital market[60]. - The company plans to focus on innovative businesses under regulatory approval, including asset management trusts and charitable trusts[60]. Asset Management and Recovery - The company has made significant progress in risk resolution, including asset recovery and project repayment, and has reached settlements with the majority of institutional investors[37]. - The company is focusing on proactive management of trust business based on the real economy as its core business model[37]. - The company will continue to strengthen asset recovery and disposal, implementing various methods such as asset transfer, restructuring, and litigation to maximize beneficiary interests[62]. - The company managed trust assets totaling CNY 145.36 billion across 212 ongoing trust projects by the end of the reporting period[38]. - The company completed the settlement of 37 trust projects with a liquidation scale of CNY 6.07 billion during the reporting period[38]. Financial Position and Liabilities - The company has outstanding overdue liabilities amounting to 4.45 billion RMB as of December 31, 2021, with overdue debts totaling 6.745 billion RMB[115]. - The company’s total liabilities included 2,269,941,220.22 RMB in estimated liabilities, a decrease of 1.80% from the previous period[49]. - The company reported a total of 6,620,685,468.00 RMB in restricted assets due to litigation freezes[50]. - The company has a remaining principal of CNY 2.007 billion related to guaranteed commitments[187]. - The company signed debt settlement agreements totaling CNY 4.78 billion with creditors, significantly reducing overdue liabilities[187]. Shareholder and Capital Structure - The largest shareholder, Shanghai Guozhijie Investment Development Co., Ltd., holds 2,867,929,342 shares, representing 52.44% of the total shares[134]. - The company plans to issue up to 4,375,310,335 shares at a price of 2.06 CNY per share, raising a maximum of 9,013,139,290 CNY to strengthen its capital base[131]. - The actual controller of the company, Gao Tianguo, passed away on April 4, 2022, leading to a potential change in control[137]. - The company has not reported any significant changes in competitive conditions affecting its operations[69]. - The company has not disclosed any significant changes in its asset and liability structure during the reporting period[130]. Audit and Financial Reporting - Key audit matters identified include guaranteed commitments, debt restructuring, and income from fees and commissions[145]. - The audit process included assessing the appropriateness of accounting policies and estimates made by management, ensuring compliance with relevant standards[152]. - The company’s management is responsible for preparing financial statements in accordance with accounting standards, ensuring fair representation and maintaining necessary internal controls[150]. - The audit identified key audit matters related to the assessment of trust fees and the potential impact of ongoing litigation on financial reporting[146]. Employee and Operational Insights - The company employed a total of 283 staff members, with 16 retired employees requiring financial support[89]. - The company conducted a total of 69,912 hours of outsourced labor, with total payments amounting to 4.62 million yuan[93]. - The company has implemented a training program to enhance employees' legal compliance and risk prevention awareness[92]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 1,177.4 million[73].

Financial Performance - Total operating revenue for Q3 2021 was CNY 58,123,315.86, an increase of 29.17% year-on-year[4] - Net profit attributable to shareholders for Q3 2021 was a loss of CNY 671,396,168.09, a decrease of 29.96% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was a loss of CNY 487,062,014.15, a decrease of 34.30% year-on-year[4] - Basic earnings per share for Q3 2021 was -0.1228, a decrease of 29.95% year-on-year[4] - Diluted earnings per share for Q3 2021 was also -0.1228, reflecting the same decrease of 29.95% year-on-year[4] - The net loss attributable to shareholders for Q3 2021 was ¥1,818,908,754.20, compared to a net loss of ¥3,815,048,155.14 in Q3 2020, showing an improvement of approximately 52.3%[19] - The total comprehensive loss for Q3 2021 was -¥1,819,382,853.27, compared to -¥3,815,536,738.33 in Q3 2020, marking a reduction of approximately 52.3%[20] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 119,017,782.19, a decrease of 95.20% compared to the same period last year[4] - The net cash flow from operating activities for the first three quarters of 2021 was ¥119,017,782.19, a significant decrease from ¥2,481,996,629.76 in the same period of 2020[21] - Cash inflow from investment activities totaled ¥188,443,510.21, compared to ¥44,162,562.90 in the previous year, indicating a substantial increase[22] - The net cash flow from financing activities was negative at -¥1,883,834.60, reflecting a decrease from -¥258,723,483.82 in the same period of 2020[22] - The total cash and cash equivalents at the end of the period reached ¥905,588,723.58, up from ¥180,271,070.15 in the previous year[22] Assets and Liabilities - Total assets as of the end of Q3 2021 were CNY 20,000,346,013.09, a slight increase of 0.34% from the end of the previous year[4] - The total liabilities as of Q3 2021 were ¥20,219,142,414.40, up from ¥18,331,531,691.34 in the previous year, reflecting an increase of about 10.3%[17] - The company's total equity as of Q3 2021 was reported at -¥218,796,401.31, a decline from ¥1,600,586,451.96 in the same period last year[17] - The total current liabilities increased to ¥18,113,414,558.94 in Q3 2021 from ¥16,020,046,650.10 in Q3 2020, representing a growth of about 13.1%[16] - The total liabilities were reported at ¥18,331,531,691.34, a minor decrease from ¥18,351,930,613.47 in the previous year[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 80,021[10] - The largest shareholder, Shanghai Guozhijie Investment Development Co., Ltd., holds 2,867,929,342 shares, representing 52.44% of total shares[10] - The company has a diverse shareholder base, with the top ten shareholders holding a combined significant percentage of shares[10] - The company reported a total equity attributable to shareholders of approximately $892.91 million, with an accumulated deficit of approximately $9.40 billion in undistributed profits[26] Company Outlook and Risks - The company has incurred losses for three consecutive years, raising significant doubts about its ability to continue as a going concern[3] - The company is currently engaged in risk resolution efforts related to litigation arising from previous business practices involving guaranteed commitments[2] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[10]

Financial Performance - The total operating income for the first half of 2021 was RMB 114,749,301.01, representing a 58.81% increase compared to RMB 72,253,560.65 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of RMB 1,147,512,586.11, which is a 59.83% improvement from a loss of RMB 2,856,488,958.79 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 801,235,946.41, showing a 69.35% improvement from a loss of RMB 2,614,049,889.63 in the same period last year[18]. - Basic earnings per share for the reporting period is -0.2098 yuan, a 59.83% improvement compared to -0.5223 yuan in the same period last year[19]. - Diluted earnings per share for the reporting period is -0.2098 yuan, reflecting a 59.83% increase from -0.5223 yuan year-on-year[19]. - The total comprehensive income for the first half of 2021 was CNY -1,147,785,763.57, compared to CNY -2,856,827,682.84 in the previous year, indicating a reduction in losses[102]. - The company reported a total non-recurring loss of -346.28 million yuan, primarily due to provisions for potential litigation costs[23]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB 83,721,361.18, a significant decrease of 96.61% compared to RMB 2,468,129,102.92 in the previous year[18]. - The cash flow from operating activities generated a net cash inflow of ¥83,721,361.18, a substantial decrease from ¥2,468,129,102.92 in the previous period[107]. - The cash flow from investing activities resulted in a net outflow of ¥2,239,944,256.02, with cash outflows for investments totaling ¥2,282,710,000.00[108]. - The cash and cash equivalents at the end of the period stood at ¥869,448,034.28, compared to ¥230,903,065.68 at the end of the previous period[109]. - The cash received from the recovery of investments was ¥186,696,261.08, a substantial increase from ¥33,337,198.32 in the first half of 2020, reflecting a growth of approximately 460.5%[111]. Assets and Liabilities - As of June 30, 2021, the net assets attributable to shareholders of the listed company were negative RMB 254,607,435.25, a decline of 128.51% from RMB 892,905,150.86 at the end of the previous year[18]. - The total assets as of June 30, 2021, were RMB 19,997,037,113.97, reflecting a slight increase of 0.33% from RMB 19,932,118,143.30 at the end of the previous year[18]. - The total liabilities increased to CNY 17,995,183,970.8 in the first half of 2021 from CNY 16,745,950,901.0 in the previous year, reflecting a growth of approximately 7.5%[99]. - The company's total assets and shareholders' equity totaled CNY 17,816,950,317.27, showing a slight increase from CNY 17,711,820,997.10 in the previous year[99]. - The total amount of short-term borrowings and other financial liabilities was not specified but is part of the overall liabilities increase[96]. Risk Management - The company has faced significant risks, including credit risk, market risk, liquidity risk, and operational risk, as detailed in the management discussion and analysis section[5]. - The company has experienced major losses for three consecutive years, raising substantial doubts about its ability to continue as a going concern[5]. - The company is currently engaged in risk resolution efforts related to trust projects that have led to litigation due to guaranteed commitments made in the past[5]. - The company is actively seeking to resolve risks associated with guarantee letters and has engaged in negotiations with creditors to reach settlements[67]. Shareholder and Capital Structure - The company plans to issue up to 4.38 billion shares in a private placement, which will result in Shanghai Di'an Investment Management Co., Ltd. becoming the controlling shareholder with a 44.44% stake[34]. - The total share capital as of June 30, 2021, was 5,469,137,919 shares, with 204,847,399 shares subject to restrictions[126]. - The largest shareholder, Shanghai Guozhijie Investment Development Co., Ltd., holds 2,867,929,342 shares, accounting for 52.44% of total shares[90]. - The company has not experienced any changes in share capital structure during the reporting period[86]. Management and Governance - The company has strengthened its internal management by appointing new senior executives and enhancing decision-making processes[32]. - There was a change in senior management, with the resignation of the financial director, Ms. Zhuang Haiyan, on April 28, 2021, due to personal reasons[53]. - The company confirmed compliance with commitments related to major asset restructuring and has not engaged in any related party transactions that violate these commitments[60]. Compliance and Reporting - The financial statements are prepared based on the assumption of going concern, despite the ongoing financial difficulties[130]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect true and complete financial conditions[130]. - The company has not reported any environmental protection issues or measures taken to reduce carbon emissions during the reporting period[56]. Investment and Growth Strategy - The company aims to enhance its active management capabilities and upgrade its risk control system to better serve the real economy[29]. - The company has established an industry layout system that includes urban renewal, biomedicine, and renewable energy, aligning with national policies[29]. - The company is focusing on expanding its financial investment portfolio, as indicated by the significant amounts in trading and debt investments[200].

Financial Performance - The company reported a net profit of -673.8 million RMB for 2020, with a distributable profit at the end of the year of -940.36 million RMB, leading to no profit distribution for the next year [2]. - The company has experienced significant losses for three consecutive years, raising substantial doubts about its ability to continue as a going concern [3]. - Total revenue for 2020 was CNY 298.22 million, a decrease of 37.63% compared to 2019 [14]. - Net profit attributable to shareholders for 2020 was a loss of CNY 6.74 billion, representing a 68.75% increase in loss compared to 2019 [14]. - The net cash flow from operating activities for 2020 was CNY 477.28 million, down 32.14% from 2019 [14]. - Basic earnings per share for 2020 were CNY -1.2320, a decline of 68.74% compared to CNY -0.7301 in 2019 [15]. - The weighted average return on equity for 2020 was -158.10%, a decrease of 116.55 percentage points from 2019 [16]. - The net profit attributable to the parent company was -6,738.00 million yuan, representing a year-on-year decline of 68.75% [31]. - The company reported a significant loss in 2020, with the net asset attributable to the parent company potentially being negative, which could trigger delisting indicators [77]. - The net loss for 2020 was CNY 8,231,214,883.52, compared to a loss of CNY 5,261,870,871.92 in 2019, indicating a worsening of 56.2% [151]. Assets and Liabilities - Total assets at the end of 2020 were CNY 19.93 billion, a decrease of 4.14% from the end of 2019 [14]. - The net assets attributable to shareholders at the end of 2020 were CNY 892.91 million, down 88.30% from the end of 2019 [14]. - The total liabilities increased to CNY 18,331,531,691.34 in 2020, up from CNY 12,454,564,918.86 in 2019, representing a significant increase of approximately 47.06% [147]. - The total equity attributable to shareholders was CNY 965,870,096.02 in 2020, down from CNY 7,696,310,896.75 in 2019, a decrease of 87.5% [150]. - The company reported a significant increase in expected liabilities, which rose to CNY 2,311,485,041.24 from CNY 1,049,699,790.08 in 2019, an increase of 120.5% [150]. - The company recorded a balance of overdue inherent business liabilities of RMB 6.628 billion as of December 31, 2020 [72]. - The total value of restricted assets at the end of the reporting period was ¥9,732,685,445.94, primarily due to litigation freezes [45]. Risk Management and Compliance - The company is currently engaged in risk resolution efforts related to trust projects and is taking measures to reach settlements with holders of guarantee letters [3]. - The company has established a professional team to enhance risk management and compliance mechanisms in response to regulatory requirements [30]. - The company is actively promoting restructuring and risk resolution efforts, with stock trading suspended from March 31, 2020, and resumed on June 1, 2020 [34]. - The company has strengthened its litigation management in response to numerous lawsuits arising from previous trust business commitments [35]. - The company has implemented multiple measures to strengthen internal control and risk management, including the elimination of offline approval processes and enhancing compliance education for key personnel [36]. - The company has established a compliance risk management system to ensure effective execution of internal regulations and enhance compliance awareness among employees [58]. - The company has implemented corrective measures for internal control deficiencies, focusing on compliance and risk management to prevent future issues [133]. Legal Issues - As of December 31, 2020, the company faced 50 lawsuits related to guaranteed commitments, with a total principal amount of RMB 18.491 billion [72]. - The company has accrued a provision for expected liabilities amounting to RMB 2.240 billion for lawsuits pending in the second instance [74]. - The audit report indicates a significant uncertainty regarding the company's ability to continue as a going concern due to ongoing legal issues and financial losses [76]. - The company is in negotiations for restructuring and risk resolution with relevant parties [72]. - The company has not recognized expected liabilities for lawsuits that have not been adjudicated or have not entered judicial proceedings [75]. Governance and Management - The company has established a three-year shareholder return plan for 2017-2019, which was approved in a shareholder meeting [63]. - The company has a total of 4,000.00 million RMB in guarantees for Tianjin Wanan Petrochemical Technology Co., with the guarantee period also ending on April 9, 2022 [92]. - The company has a guarantee of 25,000.00 million RMB for Tianjin Hongyuan Wangneng Petrochemical Technology Co., with the guarantee period ending on December 18, 2022 [92]. - The company has not proposed any cash profit distribution plans despite having positive distributable profits during the reporting period [65]. - The company has not engaged in any share repurchase activities that would count as cash dividends [65]. - The company has not disclosed any significant related party transactions or changes in major contracts during the reporting period [88]. - The company has maintained compliance with governance regulations, holding a shareholder meeting that approved all proposed resolutions [125]. Employee and Management Compensation - The total pre-tax remuneration for senior management during the reporting period amounted to 1,140.6 thousand RMB [113]. - The total actual remuneration for all directors, supervisors, and senior management in 2020 amounted to 11.406 million yuan [118]. - The remuneration for executive directors and supervisors is set at a monthly allowance of 6,000 yuan, with performance-based pay linked to company performance [118]. - The company follows a unified salary and performance evaluation system for all registered directors and supervisors, ensuring equal pay for equal positions [118]. - The company has a comprehensive performance evaluation system for senior management, which influences their remuneration based on annual performance [118]. Financial Reporting and Accounting - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy [173]. - The company’s accounting period is defined as January 1 to December 31, covering a full fiscal year [174]. - The company classifies financial instruments based on the business model and cash flow characteristics at initial recognition [180]. - The company assesses expected credit losses for financial instruments, categorizing them into three stages based on credit risk changes since initial recognition [189]. - The company recognizes impairment losses for financial assets measured at fair value through other comprehensive income in current profit or loss [189].

Financial Performance - Total operating income for Q1 2021 was approximately ¥58.67 million, an increase of 29.23% year-on-year[5]. - Net profit attributable to shareholders was approximately -¥727.24 million, a decrease of 9.29% compared to the previous year[5]. - Basic and diluted earnings per share were both -¥0.1330, a decrease of 9.29% year-on-year[5]. - Total operating revenue for Q1 2021 was RMB 58,667,217.02, an increase of 29.2% from RMB 45,395,865.02 in Q1 2020[22]. - Net profit for Q1 2021 was a loss of RMB 727,401,943.08, compared to a loss of RMB 665,452,527.79 in Q1 2020[23]. - The total operating profit for Q1 2021 was -592,443,239.50 RMB, compared to -900,746,804.52 RMB in Q1 2020, showing an improvement[26]. - The company’s operating profit margin and net profit margin remain negative, indicating ongoing financial challenges[26]. Assets and Liabilities - Total assets at the end of Q1 2021 were approximately ¥19.55 billion, a decrease of 1.92% compared to the end of the previous year[5]. - The total assets decreased from RMB 19,932,118,143.30 to RMB 19,550,204,585.46[15]. - The total liabilities increased to ¥18,677,020,076.58 from ¥18,331,531,691.34, reflecting a growth of approximately 1.88% year-over-year[16]. - The total equity attributable to shareholders decreased significantly to ¥165,662,049.35 from ¥892,905,150.86, indicating a decline of about 81.5%[17]. - The company's total assets amounted to ¥17,559,214,510.26, a slight decrease from ¥17,711,820,997.10, representing a decline of approximately 0.86%[20]. - The total liabilities and equity amounted to ¥19,550,204,585.46, down from ¥19,932,118,143.30, a decrease of approximately 1.91%[17]. - The company's estimated liabilities increased to ¥2,437,650,248.64 from ¥2,311,485,041.24, reflecting an increase of about 5.45%[20]. Cash Flow - Net cash flow from operating activities was negative at approximately -¥15.60 million, a decline of 109.07% compared to the same period last year[5]. - The net cash flow from operating activities decreased by 109.07% to -RMB 15,598,445.17, primarily due to loan recoveries in the previous year[11]. - Cash flow from operating activities for Q1 2021 was -15,598,445.17 RMB, a significant decrease from 171,948,432.03 RMB in Q1 2020[28]. - The company experienced a net cash decrease of 15,500,593.39 RMB in Q1 2021, contrasting with an increase of 66,098,176.62 RMB in Q1 2020[29]. - The cash flow from investment activities for Q1 2021 was 97,851.78 RMB, compared to 33,149,744.59 RMB in Q1 2020, showing a decrease[29]. Legal and Operational Risks - The company has experienced significant losses for three consecutive years, raising substantial doubts about its ability to continue as a going concern[3]. - The company is currently involved in litigation related to guarantees provided to third parties, which may lead to further legal risks[3]. - The company is taking measures to resolve risks associated with ongoing trust projects and is seeking settlements with guarantee holders[3]. - The company is actively promoting risk resolution measures since March 2020 under the guidance of relevant authorities[12]. Expenses and Financial Adjustments - Interest expenses rose by 64.83% to RMB 352,786,614.07 due to increased interbank borrowings[11]. - The company reported a significant increase in other expenses, with a rise of 91769.00% to RMB 183,737,999.56 due to penalty provisions[11]. - The company reported a significant increase in credit impairment losses, amounting to RMB 70,122,198.00, compared to RMB 278,433,975.57 in Q1 2020[23]. - Fair value changes resulted in a loss of RMB 174,267,331.97, an improvement from a loss of RMB 338,702,247.43 in the previous year[22]. - The implementation of new leasing standards resulted in adjustments to the financial statements as of January 1, 2021[39].