| 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2018 年第三季度报告 2018 年第三季度报告 公司代码：601108 公司简称：财通证券 财通证券股份有限公司 2018 年第三季度报告 1 / 21 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陆建强、主管会计工作负责人王跃军及会计机构负责人（会计主管人员）王跃军保证 季度报告中财务报表的真实、准确、完整。 1.4 本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 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 | 63,385,875,507.70 | ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,814,142,675.99, a decrease of 16.13% compared to CNY 2,163,075,457.80 in the same period last year[23]. - The net profit attributable to shareholders of the parent company was CNY 584,506,772.39, down 28.79% from CNY 820,850,288.74 year-on-year[23]. - The total profit for the first half of 2018 was CNY 654.73 million, down 37.17% from CNY 1.04 billion in the same period of 2017[30]. - Total revenue from commission and fee income decreased by 11.57% to CNY 683.20 million from CNY 772.58 million year-on-year[30]. - Investment income fell by 10.24% to CNY 1.11 billion from CNY 1.24 billion year-on-year[30]. - The basic earnings per share decreased by 36.00% to CNY 0.16 from CNY 0.25 in the same period last year[24]. - The weighted average return on equity dropped to 2.78%, down 2.57 percentage points from 5.35% year-on-year[24]. - The total comprehensive income for the first half of 2018 was CNY -18.15 million, compared to CNY 539.18 million in the same period of 2017[30]. Assets and Liabilities - Total assets increased by 3.33% to CNY 59,620,869,126.28 from CNY 57,700,597,132.96 at the end of the previous year[23]. - Total liabilities rose by 7.07% to CNY 39,496,760,046.76 compared to CNY 36,889,321,413.29 at the end of the previous year[23]. - The company's total equity at the end of the reporting period is CNY 19,062,653,066.46, an increase from CNY 14,436,450,069.42 at the end of the previous period, representing a growth of approximately 32.1%[180]. - The company's cash and cash equivalents increased by 13.18% to CNY 10.56 billion from CNY 9.33 billion at the end of 2017[32]. - The company's long-term equity investments increased to 2.98 billion RMB, reflecting a growth of 1.56 billion RMB or 5.53% compared to the previous year[61]. Risk Management - Caitong Securities faces significant risks related to market fluctuations, credit risks, liquidity risks, operational risks, and information technology risks, which could impact its business performance[6]. - The company established a comprehensive risk management framework, revising multiple internal risk management policies to enhance risk control measures across various departments[78]. - The company implemented strict control measures for credit risk, including monitoring bond issuers' operational conditions and credit ratings, to mitigate potential losses from defaults[73]. - The company has developed a risk emergency response plan to address liquidity risks, ensuring preparedness for potential liquidity pressures[81]. - Information technology risk management measures were strengthened, including enhancing the information security protection system and conducting regular self-assessments[83]. Corporate Governance and Shareholder Matters - The company held its 2017 Annual General Meeting on May 28, 2018, where 20 resolutions were approved, including the 2017 financial settlement report and profit distribution plan[86]. - The company did not propose any profit distribution or capital reserve increase plan for the half-year period[88]. - The company has committed to not transferring or entrusting its shares for a period of 60 months from the date of holding the company's stock[88]. - The company confirmed that all resolutions passed during the AGM were published on the Shanghai Stock Exchange website and relevant financial newspapers[87]. - There are no significant lawsuits or arbitration matters reported during the reporting period[90]. Business Operations and Strategy - The company aims to provide comprehensive financial products and services across eight major sectors, including securities brokerage and investment banking[36]. - The company is focused on becoming a leading modern financial holding group with regional advantages in comprehensive financial services[36]. - The company actively promotes business innovation and has obtained pilot qualifications for various innovative businesses, contributing to its growth and market position[43]. - The company has established a comprehensive financial holding platform, including securities, asset management, futures, and alternative investments, enhancing its competitive strength[43]. - The company has established a strategic cooperation agreement with the paired poverty alleviation counties to ensure the implementation of poverty alleviation projects[99]. Employee and Talent Management - The company has a total of 3,950 employees as of the reporting period, including 852 brokers[126]. - The company has implemented a performance-based compensation policy, aligning salary levels with business development[126]. - The company is focusing on talent acquisition and retention to support its strategic goals[126]. - The company has established a training management model to enhance employee skills and promote career development[126]. - The company has conducted market research to ensure competitive salary structures[126]. Financing Activities - The company successfully issued 6 corporate bonds with a total underwriting amount of CNY 6.177 billion by the end of June[47]. - The company plans to raise up to 2.5 billion RMB through the issuance of convertible bonds, with the approval of the board and shareholders obtained[110]. - The company issued bonds that generated cash inflow of ¥8,432,450,000, significantly higher than the previous year's figure of ¥2,329,850,000[172]. - The company maintained a bank credit limit of approximately ¥55 billion, with ¥5.7 billion utilized and ¥49.3 billion remaining[148]. - The company has established a repayment plan to ensure timely and full payment of bond obligations, including the formation of a repayment working group[139].

Financial Performance - The company reported a total revenue of 1.5 billion in 2017, representing a year-over-year growth of 10%[41]. - The company's operating revenue for 2017 was ¥4,011,533,664.04, a decrease of 5.73% compared to ¥4,255,580,080.75 in 2016[46]. - The net profit attributable to shareholders of the parent company was ¥1,503,931,618.18, down 15.79% from ¥1,785,885,436.51 in the previous year[46]. - The net profit for 2017 was CNY 1,476,811,970.05, a decrease of 16.91% compared to the previous year[60]. - Total revenue decreased by 15.74% to CNY 1,809,942,675.58, driven by a 26.78% decline in net commission and fee income[60]. - The company's total operating revenue for 2017 was CNY 4.01 billion, a decrease of 5.73% year-on-year, with a gross profit margin of 45.18%, down 5.13 percentage points from the previous year[105]. - The company's profit before tax was CNY 1.810 billion, a decrease of 15.74% year-on-year[100]. - The company reported a significant increase in financial assets measured at fair value, totaling 10.433 billion yuan, which accounted for 18.08% of total assets[119]. Capital and Investment - The total registered capital of Caitong Securities increased to CNY 3,589,000,000 from CNY 3,230,000,000 in the previous year, representing a growth of approximately 11.1%[17]. - The net capital of the company rose to CNY 16,613,797,334.56, up from CNY 13,473,990,937.53, indicating an increase of about 23.8%[17]. - The company completed its IPO on September 22, 2017, raising CNY 3,589,000,000 in capital[33]. - The company invested 200 million in R&D for new technologies, focusing on AI and machine learning advancements[41]. - The company plans to expand its financial services across eight major sectors, including securities brokerage and investment banking[65]. Risk Management - The company reported facing various risks including market risk, credit risk, liquidity risk, operational risk, and information technology risk, which are detailed in the report[8]. - The risk coverage ratio improved to 293.70% from 219.15%, indicating enhanced risk management capabilities[49]. - The company maintained liquidity indicators that met regulatory standards throughout the reporting period[155]. - The company implemented strict credit risk management measures, including monitoring issuer credit ratings and ensuring compliance with collateral requirements[163]. - The company established a three-tier liquidity reserve pool to improve its liability structure and reduce financing costs[164]. Business Operations - Caitong Securities has a comprehensive range of business qualifications, including securities brokerage, investment consulting, and asset management, among others[17]. - The company has established a strong presence in the market with various subsidiaries engaged in asset management, private equity, and securities trading[18]. - The company operates in multiple business areas including fund raising, fund sales, and asset management[37]. - The company has expanded its operations to include futures brokerage and investment consulting services[37]. - The company is focusing on expanding its comprehensive financial services, including securities, asset management, and futures, to enhance its competitive strength[78]. Shareholder Relations and Profit Distribution - The company has implemented a cash dividend policy, ensuring a stable profit distribution according to the principle of "same rights, same benefits" for shareholders[170]. - The company plans to distribute a cash dividend of CNY 1.80 per share for the year 2017[180]. - The board of directors will review and propose profit distribution plans every three years, considering the company's development stage and capital needs[173]. - The company emphasizes communication with shareholders, especially minority shareholders, during discussions on profit distribution[176]. - The company has not distributed dividends in 2015 and 2016, indicating a focus on reinvestment or other financial strategies during those years[180]. Compliance and Governance - The financial report has been audited by Tianjian Certified Public Accountants, confirming its accuracy and completeness[4]. - The company has engaged Tianjian Accounting Firm for the 2017 annual audit, with a remuneration of CNY 700,000 for a five-year term[189]. - The company maintains a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[192]. - The company received a warning from the Zhejiang Securities Regulatory Bureau due to information system security issues, which have since been rectified[191]. Market Trends and Future Outlook - The company is focusing on enhancing its technological capabilities in response to the growing trend of intelligent investment advisory services[134]. - The company's internationalization has entered a new phase, with significant improvements in the overall strength and profitability of its overseas subsidiaries, contributing increasingly to the parent company's profits[135]. - The company aims to enhance its international influence and business internationalization level through proactive overseas expansion, which will diversify revenue and reduce performance volatility[136]. - The company plans to implement a new marketing strategy with a budget increase of 50 million, aimed at boosting brand awareness[41].

2018 年第一季度报告 公司代码：601108 公司简称：财通证券 财通证券股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 年第一季度报告 一、 重要提示 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增 | | --- | --- | --- | --- | | | | | 减(%) | | 总资产 | 57,946,096,035.59 | 57,700,597,132.96 | 0.43 | | 归属于上市公司 | 20,930,992,835.72 | 20,790,232,240.37 | 0.68 | | 股东的净资产 | | | | | 归属于上市公司 普通股股东的净 | 20,430,992,835.72 | 20,290,232,240.37 | 0.69 | | 资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上 ...