Financial Performance - Operating income for the third quarter was CNY 6.57 billion, a decline of 6.99% year-on-year [8]. - Net profit attributable to shareholders dropped by 65.62% to CNY 903.85 million [8]. - Basic earnings per share fell by 69.05% to CNY 0.13 [8]. - The company reported non-operating income and expenses totaling CNY -10.39 million for the third quarter [10]. - Operating revenue for Q3 2018 was CNY 2,288,357,393.43, a decrease of 5.8% compared to CNY 2,430,881,180.96 in Q3 2017 [26]. - Net profit for Q3 2018 was CNY 192,386,968.48, down 78.3% from CNY 889,351,846.13 in Q3 2017 [27]. - The total profit for Q3 2018 was CNY 163,063,965.86, a decrease of 84.1% from CNY 1,027,527,575.48 in Q3 2017 [27]. - The company’s total operating expenses increased to CNY 2,104,519,553.64, up 49.9% from CNY 1,402,443,103.05 in Q3 2017 [26]. - The net loss from fair value changes was CNY -751,391,257.80, compared to a gain of CNY 274,015,522.21 in Q3 2017 [26]. - The company’s total profit for the third quarter was a loss of CNY 310,086,328.15, compared to a profit of CNY 621,475,851.48 in the previous year [31]. Cash Flow - Cash flow from operating activities for the first nine months was CNY 7.78 billion, a significant recovery from a negative CNY 15.50 billion in the same period last year [7]. - The net cash flow from operating activities for the year-to-date period (January to September) is ¥7,782,866,397.90, a significant improvement compared to a net outflow of ¥15,498,651,940.31 in the same period last year [33]. - Total cash inflow from operating activities reached ¥21,580,689,181.30, while cash outflow was ¥13,797,822,783.40, resulting in a net cash inflow of ¥7,782,866,397.90 [34]. - The company reported a net cash outflow from investment activities of ¥12,847,732,853.41, compared to a smaller outflow of ¥190,824,868.19 in the previous year [34]. - Cash inflow from financing activities totaled ¥28,355,151,696.63, while cash outflow was ¥31,911,484,781.45, leading to a net cash outflow of ¥3,556,333,084.82 [34]. - The company experienced a significant increase in cash received from interest, fees, and commissions, totaling ¥7,010,942,449.56, up from ¥6,184,965,737.08 year-over-year [33]. - The net increase in cash from the disposal of trading financial assets was ¥5,499,706,388.03, indicating a positive trend in asset management [33]. - The company reported a substantial decrease in net cash from financing activities, with a net outflow of ¥3,556,333,084.82 compared to a net inflow of ¥1,863,511,648.28 in the previous year [34]. - The cash flow from investment activities showed a net outflow of ¥12,847,732,853.41, reflecting ongoing investments and asset disposals [34]. - The company’s cash flow from operating activities improved significantly, indicating a recovery in operational efficiency and revenue generation [34]. Assets and Liabilities - Total assets decreased by 2.10% to CNY 227 billion compared to the end of the previous year [7]. - The company's receivables decreased by 44.27% to ¥536.57 million, primarily due to a reduction in subsidiary receivables from product liquidation and client transaction settlements [13]. - Total liabilities decreased from CNY 178.36 billion to CNY 175.01 billion, a decline of about 1.3% [20]. - The company's equity attributable to shareholders decreased from CNY 52.99 billion to CNY 51.44 billion, a drop of approximately 2.9% [20]. - Cash and cash equivalents dropped from CNY 42.35 billion to CNY 33.86 billion, a decrease of about 20.5% [18]. - The total amount of derivative financial liabilities increased from CNY 628.18 million to CNY 1.26 billion, indicating a strategic shift in risk management [20]. - The company's derivative financial liabilities increased by 101.03% to ¥1.26 billion, mainly due to the growth in off-exchange commodity options [14]. - The financial assets measured at fair value through profit or loss were reported at CNY 6.06 billion, reflecting a significant change in the financial strategy [20]. - The deferred tax assets increased by 453.27% to ¥832.80 million, attributed to an increase in deductible temporary differences [13]. - The company’s long-term investments in equity rose from CNY 4.01 billion to CNY 4.01 billion, showing stability in long-term investment strategy [19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 134,786 [11]. - The largest shareholder, Sheneng Group, holds 25.27% of the shares [12]. Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in this report [5]. - The company received approval to establish 15 new securities business departments across various cities, expanding its operational footprint [17]. - The company completed a capital increase of ¥500 million to its wholly-owned subsidiary, Shanghai Dongzheng Futures Co., Ltd., raising its registered capital to ¥2 billion [16]. - The company issued €62.5 million and €62.4 million bonds through its wholly-owned subsidiary in Hong Kong, with full principal and interest guarantees provided [16].

Financial Performance - Total operating revenue for the first three quarters of 2018 was RMB 656.57 million, a decrease of 6.99% compared to the same period last year[3] - Net profit attributable to shareholders was RMB 90.39 million, down 65.62% year-on-year[3] - Basic earnings per share decreased to RMB 0.13, a decline of 69.05% from RMB 0.42 in the previous year[3] Assets and Equity - Total assets at the end of the reporting period were RMB 22,700.07 million, a decrease of 2.10% from the end of the previous year[3] - Shareholders' equity attributable to the company was RMB 514.39 million, down 2.92% compared to the end of the previous year[4] Market Conditions - The decline in performance was attributed to a significant drop in self-operated equity investment income due to market conditions[4] - The Shanghai Composite Index and Shenzhen Component Index fell by 14.7% and 23.9% respectively since the beginning of the year[4] Business Operations - The company’s asset management and bulk commodity business saw a substantial increase in revenue and costs compared to the previous year[4] - The company distributed cash dividends for the fiscal year 2017, contributing to the decrease in shareholders' equity[4] Reporting Notes - The reported financial data is preliminary and may differ from the final figures in the third quarter report, with expected discrepancies not exceeding 10%[5]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 4,277,336,132.79, a decrease of 7.59% compared to CNY 4,628,448,110.05 in the same period last year[30]. - Net profit attributable to the parent company was CNY 715,588,921.96, down 59.23% from CNY 1,755,242,262.97 year-on-year[30]. - The total assets at the end of the reporting period were CNY 220,973,202,194.51, a decrease of 4.70% from CNY 231,859,988,264.38 at the end of the previous year[30]. - The total liabilities decreased by 5.12% to CNY 169,230,463,345.85 from CNY 178,358,513,414.25 at the end of the previous year[30]. - Basic earnings per share for the first half of 2018 were CNY 0.10, a decline of 64.29% compared to CNY 0.28 in the same period last year[31]. - The company's total revenue for the first half of 2018 was CNY 4,277,336,132.79, a decrease of 7.59% compared to CNY 4,628,448,110.05 in the same period of 2017[41]. - Net profit for the first half of 2018 was CNY 759,477,577.47, down 58.01% from CNY 1,808,603,196.65 in the first half of 2017[41]. - The company's total equity attributable to the parent company was CNY 51,195,126,097.27, a decrease of 3.38% from CNY 52,985,501,419.59 at the end of the previous year[30]. Risk Management - The company has a comprehensive risk management strategy to address market and credit risks[10]. - The report includes a risk statement regarding reliance on external financing channels for operational funding[9]. - The company faces significant competition from various financial institutions, including commercial banks and asset management companies, which may impact its business performance[9]. - The company emphasizes the importance of market conditions, monetary policy, and regulatory environment on its business operations[8]. - The company has established a comprehensive asset-liability allocation and risk limit system, reflecting its overall market risk preference and risk tolerance[148]. - The company employs daily mark-to-market, concentration analysis, and quantitative risk models to manage scale, leverage, and risk exposure, ensuring risk levels remain within set preferences[148]. - The liquidity risk management framework includes indicators like liquidity coverage ratio and net stable funding ratio, with regular stress testing conducted[153]. - The company has implemented a detailed operational risk management process, identifying and classifying risks based on impact and likelihood[154]. Business Operations - The company holds multiple business qualifications, including securities business licenses and various financial service qualifications, ensuring a broad operational scope[20]. - Orient Securities has established a wholly-owned subsidiary for asset management, enhancing its service offerings in the financial sector[20]. - The company is actively involved in the interbank lending market and bond market, indicating a strong presence in fixed income trading[19]. - The company is involved in the development of internet securities business, indicating a focus on digital transformation and customer accessibility[21]. - The company has qualifications for underwriting various financial instruments, including government bonds and corporate debt, which supports its investment banking capabilities[21]. - The company is positioned to expand its market presence through strategic partnerships and new product offerings in the financial services sector[20]. - The company has achieved a capital strength ranking of 11th in the industry for total assets, net assets, and net capital[53]. Compliance and Governance - The board of directors and management confirm the accuracy and completeness of the financial report[4]. - The company has renewed its audit engagement with Deloitte for both domestic and international auditing services for the year 2018[165]. - There are no significant lawsuits or arbitration matters affecting the company during the reporting period[166]. - The company has a total litigation amount of RMB 800 million related to a case with Dalian Changfu Ruihua Group[167]. - The company has established a plan to stabilize its stock price through share repurchases if necessary[165]. - The company held two shareholder meetings in 2018, approving key resolutions related to governance and business expansion[160][161]. Shareholder and Capital Management - The company did not propose any profit distribution plan or capital reserve transfer to share capital plan for the first half of 2018[5]. - The registered capital of Orient Securities remains at CNY 6,993,655,803, unchanged from the previous year[19]. - The company plans to repurchase its shares if the stock price falls below the latest audited net asset value per share for 36 months after the public offering[165]. - The company has committed to avoid any business competition with its subsidiaries for 36 months after the public offering[163]. Social Responsibility - The company actively engages in poverty alleviation efforts, focusing on industry, education, finance, and consumption[198]. - The company plans to continue its poverty alleviation work, ensuring effective support for targeted poverty alleviation initiatives[198]. - The company emphasizes industry-based poverty alleviation, leveraging e-commerce and partnerships with well-known enterprises to promote local industries[200]. - The company aims to establish long-term poverty alleviation mechanisms through tailored industry support based on local resources[199].

东方证券股份有限公司 2018 年第一季度报告 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | 本报告期末 比上年度末 | | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | | | | | | | 增减(%) | | 总资产 | 225,088,497,652.77 | 230,994,478,727.07 | 231,859,988,264.38 | -2.56 | | 归属于上市公司 | 52,397,275,593.34 | 52,202,811,362.13 | 52,985,501,419.59 | 0.37 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | | 比上年同期 | | | | 调整后 | 调整前 | 增减(%) | | 经营活动产生的 | -7,828,937,251.32 | -11,755,634,285.04 | -11,755,634,285.04 | 不适用 | | 现金流量净额 | | | | | | | 年初至报告期末 ...

Financial Performance - In 2017, the company achieved operating revenue of RMB 10.532 billion, an increase of 53.16% compared to 2016[14] - The net profit attributable to the parent company was RMB 3.554 billion, reflecting a growth of 53.57% year-on-year[14] - The company's operating revenue for 2017 was approximately ¥10.53 billion, representing a year-over-year increase of 53.16% compared to ¥6.88 billion in 2016[51] - The net profit attributable to shareholders for 2017 was approximately ¥3.55 billion, reflecting a 53.57% increase from ¥2.31 billion in 2016[51] - The basic earnings per share for 2017 was ¥0.57, up 39.02% from ¥0.41 in 2016[52] - The total assets at the end of 2017 amounted to approximately ¥231.86 billion, a 9.16% increase from ¥212.41 billion at the end of 2016[51] - The total liabilities at the end of 2017 were approximately ¥178.36 billion, which is a 4.02% increase from ¥171.47 billion at the end of 2016[51] - The weighted average return on equity for 2017 was 8.62%, an increase of 2.37 percentage points from 6.25% in 2016[52] - The company's net capital at the end of 2017 was approximately ¥43.73 billion, an increase from ¥33.89 billion at the end of the previous year[54] Business Expansion and Strategy - The company expanded its securities business significantly, increasing the number of securities offices to 153, covering 76 cities across 31 provinces[14] - The company plans to leverage financial technology to enhance its competitive advantage and improve operational efficiency in the upcoming years[15] - The company aims to implement a new three-year development strategy from 2018 to 2020, focusing on quality improvement and efficiency enhancement[15] - The company is actively involved in market expansion and innovation, as evidenced by its participation in various pilot programs for financial services[26] - The company aims to enhance its market position through strategic partnerships and acquisitions in the financial sector[26] - The company is focused on developing new technologies and products to improve service efficiency and client satisfaction[26] Compliance and Risk Management - The company emphasized the importance of compliance and risk management in a stringent regulatory environment[14] - The company is committed to maintaining compliance with regulatory standards and enhancing corporate governance practices[26] - The company maintained an A-class rating in compliance and risk management for nine consecutive years, demonstrating effective governance[84] - The company has established a dynamic monitoring system for risk control indicators, ensuring compliance with regulatory standards throughout the reporting period[176] - The company has implemented a liquidity risk management system, ensuring sufficient liquidity assets to meet operational needs and regulatory requirements[184] - The company has strengthened its risk management framework by enhancing communication between risk management and business departments[174] Capital and Financing - The company successfully completed a non-public offering of A shares, enhancing its capital strength to over RMB 50 billion within three years[14] - The registered capital increased to RMB 6,993,655,803, up from RMB 6,215,452,011 at the end of the previous year, representing a growth of approximately 12.5%[24] - The company completed the registration of non-public A-share stock issuance on December 28, 2017, increasing the total number of shares to 6,993,655,803[24] - The company successfully raised 11.058 billion RMB through A-share issuance, enhancing its capital strength[90] - The company reported a total of 50.764 billion RMB in loans, repurchase financial assets, and receivables, an increase of 3.07 billion RMB from the beginning of the year, accounting for 21.89% of total assets[157] - The company successfully issued 778 million A-shares, raising a net amount of 10.957 billion RMB, significantly enhancing its capital strength and asset quality[157] Market Position and Competition - The company faces significant competition from other financial institutions, which may impact its market position and operational performance[9] - The company’s market share in securities trading reached 2.29%, with a ranking improvement to 14th in the industry[119] - The company ranked second in the market for bond trading volume, completing a total of RMB 1.64 trillion in market-making transactions[103] - The company maintained a leading position in the New Third Board market, with a market-making balance of RMB 3.364 billion and a total of 155 companies invested in[104] Innovation and Technology - The company highlighted its commitment to corporate social responsibility and community engagement through various initiatives[15] - The company is actively pursuing business transformation and expansion into overseas markets, particularly in the FICC sector[90] - The company has received multiple awards for its innovative business initiatives, enhancing its brand recognition in the market[173] - Financial technology is transforming the business models of securities firms, emphasizing personalized services and enhanced customer relationships[200] Financial Services and Products - The company has a comprehensive range of financial services, including brokerage, investment banking, and asset management[28] - The company has established subsidiaries to expand its service offerings, including asset management and investment banking through its wholly-owned subsidiary, Orient Citigroup Securities[26] - The company’s private equity investment fund managed assets of RMB 24.343 billion, with a total investment amount of RMB 11 billion and USD 1.079 billion[116] - The company’s wealth management brand "Oriental Winner" was developed to enhance brand influence and value, contributing to the overall growth strategy[122] Awards and Recognition - The company received over 20 awards, including the "Golden Bull Securities Asset Management Award" during the reporting period[113] - The company has established a pressure testing mechanism to ensure risks are measurable, controllable, and bearable under stress scenarios[178]

Financial Performance - Total operating revenue for 2017 reached RMB 1,053.15 million, an increase of 53.16% compared to the previous year[4] - Operating profit was RMB 410.48 million, reflecting a growth of 57.72% year-over-year[4] - Net profit attributable to shareholders was RMB 355.36 million, up 53.57% from the prior year[4] - Basic earnings per share increased to RMB 0.57, a rise of 39.02% compared to the previous year[4] Assets and Equity - Total assets at the end of the reporting period amounted to RMB 23,185.99 million, a 9.16% increase from the beginning of the period[4] - Shareholders' equity attributable to the company reached RMB 529.86 million, up 30.88% from the start of the period[6] - The company completed a non-public issuance of A-shares, contributing to the increase in shareholders' equity[6] Investment and Returns - The company achieved significant growth in securities investment and asset management business, driving revenue and profit increases[6] - The weighted average return on equity rose to 8.61%, an increase of 2.36 percentage points year-over-year[4] Reporting and Discrepancies - The reported financial data is preliminary and may differ from the final annual report, with expected discrepancies not exceeding 10%[7]

Financial Performance - The net profit attributable to shareholders is expected to increase by 1,239.65 million CNY, a year-on-year increase of approximately 53.57%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to increase by 1,185.94 million CNY, a year-on-year increase of approximately 54.79%[3] - The company achieved operating revenue of 10.532 billion CNY, with a net profit attributable to shareholders of 3.554 billion CNY, representing year-on-year growth of 53.16% and 53.57% respectively[7] Equity and Assets - The total equity attributable to shareholders reached 52.986 billion CNY, an increase of 30.88% from the beginning of the year[7] - The asset management scale exceeded 200 billion CNY for the first time, contributing to the growth in asset management revenue[7] Non-recurring Items - Non-recurring gains and losses impacted the net profit by 203 million CNY, a year-on-year increase of 35.90% due to increased government subsidies[7] Operational Focus - The company has focused on prudent operations and compliance risk management amid strict regulations and deleveraging policies[6] - The company’s securities investment business has seen significant growth through increased allocation to high-quality blue-chip and overseas stocks[7] Audit and Caution - The financial data presented is preliminary and subject to final audit confirmation[9] - Investors are advised to be cautious as the data may not reflect the final audited results[9]

东方证券股份有限公司 2017 年第三季度报告 公司代码：600958 公司简称：东方证券 东方证券股份有限公司 2017 年第三季度报告 1 / 24 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 9 | 东方证券股份有限公司 2017 年第三季度报告 一、 重要提示 1.4 公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 24 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比 上年度末增减(%) 总资产 223,438,326,900.27 212,411,087,389.26 5.19 归属于上市公司股东 的净资产 41,685,873,397.43 40,482,898,531.88 2.97 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现金 流量净额 -15,498,651,940.31 -22,151,315,655.29 不适用 年初至报告期末 （1-9 月） 上年初 ...