证券代码： 601375 证券简称： 中原证券 公告编号：2022-027 中原证券股份有限公司 关于参加河南辖区上市公司2022年投资者网上集体 接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，中原证券股份有限公司（以下简称"公 司"）定于 2022 年 5 月 30 日（星期一）15:30-17:00 参加在全景网举办的"真 诚沟通 传递价值"河南辖区上市公司 2022 年投资者网上集体接待日活动，本次 活动将采用网络远程的方式举行，投资者可登录"全景·路演天下" （http://rs.p5w.net）参与本次互动交流。 出席本次网上集体接待日活动的人员有：公司总裁、执行委员会副主任委员、 总会计师、财务负责人李昭欣先生，董事会秘书、执行委员会委员朱启本先生及 相关工作人员，欢迎广大投资者积极参与。 特此公告。 中原证券股份有限公司董事会 2022 年 5 月 25 日 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥388,483,697.61, representing a decrease of 63.90% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was ¥18,432,906.28, down 84.76% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,732,885.73, a decline of 88.37% compared to the previous year[2]. - Basic earnings per share were ¥0.004, down 86.67% year-on-year[2]. - Diluted earnings per share were also ¥0.004, showing an 86.67% decrease compared to the same period last year[2]. - The significant decline in revenue and profit was primarily due to reduced income from secondary market investment and investment banking services[5]. - The company reported a net profit of 12,934,321.55 RMB, a decrease of 91.7% from 154,880,101.23 RMB in the same quarter last year[12]. - The total profit for Q1 2022 was CNY 13,848,578.24, a significant decrease compared to CNY 156,456,414.75 in Q1 2021[13]. - The net profit attributable to shareholders of the parent company was CNY 18,432,906.28, down from CNY 120,959,031.78 in the same period last year[13]. - The company experienced a decrease in comprehensive income attributable to shareholders of the parent company, totaling CNY 13,609,710.54 in Q1 2022, compared to CNY 119,264,863.14 in Q1 2021[13]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥1,071,347,955.01, reflecting a decrease of 1,330.50%[2]. - The company reported a decrease in cash received from interest, fees, and commissions, totaling CNY 633,142,821.07, down from CNY 790,998,070.01 in Q1 2021[15]. - The total cash outflow from operating activities was CNY 4,356,779,381.65, compared to CNY 2,168,213,060.46 in the previous year[15]. - The company reported a total cash and cash equivalents balance of CNY 14,641,490,289.06 at the end of Q1 2022, down from CNY 15,293,260,935.23 at the end of Q1 2021[16]. - The cash flow from financing activities generated a net inflow of CNY 871,220,914.80, compared to CNY 1,908,231,242.57 in the previous year[16]. - The company recorded a foreign exchange impact on cash and cash equivalents of CNY 2,180,501.14 in Q1 2022[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥54,088,001,573.95, an increase of 0.63% from the end of the previous year[3]. - Total assets increased to 54,088,001,573.95 RMB from 53,748,323,524.71 RMB, reflecting a growth of 0.6%[11]. - Total liabilities rose to 39,935,583,572.69 RMB, up from 39,604,243,601.31 RMB, indicating an increase of 0.8%[11]. - Shareholders' equity attributable to shareholders of the listed company was ¥13,695,492,875.82, a slight increase of 0.10% from the previous year[3]. - Shareholders' equity totaled 14,152,418,001.26 RMB, slightly up from 14,144,079,923.40 RMB[11]. Revenue Breakdown - Total operating revenue for Q1 2022 was 388,483,697.61 RMB, a decrease of 64.1% compared to 1,076,191,096.51 RMB in Q1 2021[12]. - Net interest income decreased to 9,769,477.43 RMB from 54,988,296.90 RMB, reflecting a decline of 82.2%[12]. - Commission and fee income decreased to 303,072,410.64 RMB, down 30.2% from 433,724,478.88 RMB in the previous year[12]. - Investment income increased significantly to 372,804,464.78 RMB, compared to 180,481,635.53 RMB, marking a growth of 106.7%[12]. - Total operating expenses for Q1 2022 were 375,549,376.06 RMB, down 59.3% from 921,310,995.28 RMB in Q1 2021[12]. - The company reported a decrease in customer deposits to 9,550,363,108.61 RMB from 9,990,048,353.53 RMB, a decline of 4.4%[10]. Return on Equity - The weighted average return on equity was 0.13%, a decrease of 0.77 percentage points year-on-year[2].

Financial Performance - The company reported a total revenue of 1,788.27 million for the year 2021[162]. - The company achieved a net profit attributable to shareholders of RMB 513.21 million, with distributable profits of RMB 350.33 million after reserves[199]. - The company's operating revenue for 2021 was ¥4,420,848,497.96, representing a 42.46% increase compared to ¥3,103,301,696.87 in 2020[41]. - The net profit attributable to shareholders of the parent company reached ¥513,210,337.25, a significant increase of 392.04% from ¥104,302,038.78 in the previous year[41]. - The company achieved a revenue of $200 million in the last fiscal year, representing a 10% increase compared to the previous year[39]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2021, representing a growth of 15% compared to the previous year[166]. - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[165]. Dividends and Share Capital - The company plans to distribute a cash dividend of RMB 0.21 per 10 shares, totaling RMB 97,500,578.70 (including tax) for the second half of 2021, with a cumulative distribution of RMB 176,429,618.60 for the year[4]. - The registered capital of Central China Securities Co., Ltd. is RMB 4,642,884,700 as of the end of the reporting period, unchanged from the previous year[14]. - The total share capital of the company as of December 31, 2021, is 4,642,884,700 shares[4]. - The company does not plan to increase capital reserves or issue bonus shares for the year[4]. Risk Management - The company faces significant risks due to its reliance on the domestic economy and market conditions, which can greatly impact its operating performance[6]. - The company has established a comprehensive risk management system to identify, assess, and respond to various risks throughout its operations[7]. - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments, highlighting investment risks[5]. - The company has established a strict investment authorization system and a multi-indicator risk monitoring and assessment system to manage market risk[145]. - The company is actively researching hedging investment strategies using financial derivatives to mitigate market risk exposure[146]. - The company has completed the identification and assessment of operational risks, optimizing processes in areas such as margin trading and brokerage services[150]. Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board to ensure compliance with relevant laws and regulations[27]. - The company has a comprehensive compliance management system in place, continuously updating internal policies in response to regulatory changes[152]. - The company has successfully completed the renewal of its board of directors and supervisory board, enhancing governance and decision-making efficiency[155]. - The company held two shareholder meetings during the reporting period, including one annual meeting and one extraordinary meeting[159]. - The company has a structured approach to determine the remuneration of external directors and supervisors based on industry market levels[172]. Market Expansion and Strategy - The company aims to improve customer service and accessibility through the establishment of new offices in key areas[34]. - The company plans to expand its market presence by opening 5 new branches in key cities by the end of 2022[39]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market share[38]. - The company plans to increase its market share in Henan and expand into developed regions like Beijing, Shanghai, Guangzhou, and Shenzhen in 2022[68]. - The company is focusing on optimizing its business lines and expanding its wealth management and investment banking services in response to market opportunities[52]. Technology and Innovation - The company is investing in technology upgrades to enhance operational efficiency across all branches[35]. - The company is investing in new technology development, allocating D million towards R&D initiatives aimed at enhancing product offerings[164]. - The company is investing heavily in technology development, with a budget allocation of 50 million for R&D in the next year[166]. - The company has launched a new mobile trading platform, which has already attracted 100,000 users within the first month[38]. Employee and Training Initiatives - The total number of employees in the parent company is 2,386, while the main subsidiaries have 341 employees, resulting in a total of 2,727 employees[193]. - The company has implemented a salary policy that includes basic salary, allowances, performance bonuses, and benefits, with a focus on rewarding outstanding performance[194]. - A training plan has been established to enhance the professional capabilities and career qualities of employees, focusing on management skills and business knowledge[195]. - The company conducted 8 internal training sessions with a total of 1,227 participants and organized 56 external training sessions with 168 participants, spending a total of RMB 1.987 million on training[196]. Financial Position - Total assets at the end of 2021 amounted to ¥53,748,323,524.71, reflecting a 2.62% increase from ¥52,376,875,557.00 at the end of 2020[41]. - The company's total liabilities increased by 3.70% to ¥39,604,243,601.31 from ¥38,190,399,466.49 in 2020[41]. - The net capital at the end of the reporting period was ¥9,100,531,842.63, down from ¥10,141,843,317.23 at the end of the previous year[44]. - The liquidity coverage ratio improved to 170.42% from 169.52% in the previous year[44]. Customer Engagement and Satisfaction - User data indicates a steady increase in customer engagement and service utilization across the network[34]. - The company reported a customer satisfaction rate of 85%, indicating strong user engagement and service quality[39]. - The company reported a significant increase in user data, with a growth rate of 15% year-over-year[38]. - User data showed an increase in active users, reaching 5 million, which is a 20% increase year-over-year[166].

Financial Performance - Operating revenue for Q3 2021 reached ¥1,137,702,274.62, an increase of 18.70% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2021 was ¥267,791,961.79, a significant increase of 379.05% year-on-year[2] - Year-to-date net profit attributable to shareholders reached ¥496,753,662.27, reflecting a 472.61% increase compared to the same period last year[2] - Basic earnings per share for Q3 2021 was ¥0.06, up 500.00% from the previous year[4] - Total operating revenue for Q3 2021 reached ¥3,473,743,423.37, a significant increase of 57.4% compared to ¥2,208,417,017.57 in Q3 2020[15] - Net profit for Q3 2021 was ¥504,072,804.71, up from ¥97,632,160.16 in Q3 2020, representing a growth of 415.5%[15] - The company reported a total comprehensive income of ¥505,284,681.14 for Q3 2021, compared to ¥109,698,578.40 in Q3 2020, indicating a substantial increase of 360.5%[16] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.11, compared to CNY 0.02 in Q3 2020, representing a 450% increase[17] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥54,816,012,271.39, representing a 4.66% increase from the end of the previous year[4] - The company reported a total asset value of ¥54,816,012,271.39 as of Q3 2021, up from ¥52,376,875,557.00 in the previous year, reflecting a growth of 4.6%[14] - Total liabilities increased to ¥40,233,094,281.77 in Q3 2021, compared to ¥38,190,399,466.49 in Q3 2020, an increase of 5.4%[14] - The equity attributable to shareholders of the parent company rose to ¥13,779,947,494.37 in Q3 2021, compared to ¥13,368,714,617.90 in Q3 2020, an increase of 3.1%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥814,953,277.79, a decrease of 165.27% compared to the previous year[4] - Total cash inflow from operating activities for the first nine months of 2021 was CNY 6,363,033,575.01, a decrease of 5.9% from CNY 6,762,156,614.50 in the same period of 2020[17] - Net cash flow from operating activities for the first nine months of 2021 was -CNY 814,953,277.79, compared to CNY 1,248,671,779.24 in the same period of 2020[17] - Cash inflow from investment activities for the first nine months of 2021 was CNY 998,353,349.54, significantly higher than CNY 57,496,076.64 in the same period of 2020[17] - Net cash flow from investment activities for the first nine months of 2021 was CNY 932,304,021.42, compared to -CNY 1,598,204,803.28 in the same period of 2020[17] - Total cash inflow from financing activities for Q3 2021 was CNY 9,056,046,525.00, an increase from CNY 8,704,767,425.25 in Q3 2020[19] - Net cash flow from financing activities for Q3 2021 was CNY 846,585,201.85, down from CNY 1,760,589,840.30 in Q3 2020[19] - The ending balance of cash and cash equivalents as of Q3 2021 was CNY 14,277,215,495.03, compared to CNY 13,213,478,941.15 at the end of Q3 2020[19] - The company reported a net increase in cash and cash equivalents of CNY 964,893,203.79 for Q3 2021, compared to CNY 1,408,003,214.59 in Q3 2020[19] Shareholder Information - The company reported a total of 150,386 common shareholders at the end of the reporting period[7] - The largest shareholder, Hong Kong Central Clearing Limited, holds 25.74% of the shares[7] - The total number of ordinary shareholders at the end of the reporting period was 150,386, with 150,346 being A-share shareholders[9] - The company reported a total of 974,693,847 shares held by Henan Investment Group, accounting for 20.99% of the total issued shares[9] Business Operations - The increase in operating revenue and net profit is primarily attributed to growth in investment banking and securities investment businesses[6] - The company's other business income for Q3 2021 was ¥1,313,845,818.94, compared to ¥847,977,980.18 in Q3 2020, an increase of 55.0%[15] Financial Assets and Investments - As of September 30, 2021, the company's cash and cash equivalents amounted to ¥11,135,692,141.75, an increase from ¥10,951,131,021.90 at the end of 2020, reflecting a growth of approximately 1.68%[12] - The company's total financial assets held for trading reached ¥25,545,414,795.87, up from ¥22,592,572,498.77 at the end of 2020, indicating a growth of about 8.63%[12] - The company has a total of ¥3,160,532,036.77 in settlement reserves, which increased from ¥2,379,100,088.00 at the end of 2020, representing a growth of approximately 32.73%[12] - The company has reported a total of ¥1,199,841,090.90 in buyback financial assets, down from ¥2,055,964,889.83 at the end of 2020, indicating a decline of approximately 41.66%[12] - The company has a total of ¥344,623,084.36 in debt investments, down from ¥456,168,931.89 at the end of 2020, reflecting a decrease of approximately 24.54%[12] Legal Matters - The company has disclosed ongoing litigation with a claim amounting to ¥20,000,000 related to a contract dispute[10] - The company has not reported any new developments in previously disclosed litigation matters during the reporting period[11] Accounting Standards - The company has not applied the new leasing standards starting from 2021[19]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,336,041,148.75, representing an increase of 86.89% compared to CNY 1,249,975,323.25 in the same period last year [20]. - The total profit for the first half of 2021 reached CNY 307,052,034.04, a significant increase of 425.60% from CNY 58,419,447.21 in the previous year [20]. - The net profit attributable to shareholders of the parent company was CNY 228,961,700.48, up 642.16% from CNY 30,850,805.92 year-on-year [20]. - The company's total comprehensive income for the first half of 2021 was RMB 234,319,095.73, compared to RMB 38,002,397.90 in the first half of 2020 [173]. - The company achieved a net profit of RMB 228,961,700.48 for the first half of 2021, with a cumulative distributable profit of RMB 157,682,349.05 as of June 30, 2021 [118]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,282,743,968.59, compared to a positive CNY 3,066,071,606.88 in the same period last year, reflecting a decrease of 141.84% [20]. - The liquidity coverage ratio improved to 191.89% compared to 169.52% in the previous year [24]. - Cash inflow from financing activities reached 7,240,039,000.00 RMB, an increase from 3,278,816,256.00 RMB in the same period last year [177]. - The cash and cash equivalents at the end of the period totaled 14,720,814,704.35 RMB, slightly up from 14,392,034,871.21 RMB at the end of the previous year [175]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 54,272,568,713.13, an increase of 3.62% from CNY 52,376,875,557.00 at the end of the previous year [20]. - Total liabilities increased by 4.63% to CNY 39,959,336,308.92 from CNY 38,190,399,466.49 year-on-year [20]. - The company's net capital decreased to CNY 8,902,816,395.36 from CNY 10,141,843,317.23, indicating a decline in capital of 12.19% [22]. - The debt-to-asset ratio is 66.66%, an increase of 0.88% compared to the previous year [164]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.17 per 10 shares, subject to shareholder approval [4]. - A cash dividend of RMB 0.17 per share (including tax) is proposed, totaling RMB 78,929,039.90, which accounts for 34.47% of the net profit attributable to shareholders for the first half of 2021 [119]. - The board of directors has approved a profit distribution plan that maintains a minimum cash dividend ratio of 20% of the distributable profit [118]. Business Challenges and Market Conditions - The company faces challenges in its brokerage business due to declining commission rates and market share, expected to continue in the future [7]. - The investment banking business may experience revenue impacts due to challenges in client development and pricing capabilities amid ongoing capital market reforms [7]. - The asset management sector may see a reduction in scale and fees due to regulatory changes and increased competition [7]. - The company's performance is highly correlated with the domestic securities market, which is influenced by macroeconomic conditions and investor behavior [6]. Risk Management - The company utilizes historical data for risk management, which may not effectively predict future risks, especially in extreme market conditions [8]. - The risk coverage ratio was reported at 235.56%, down from 298.03% in the previous year, indicating a decrease in risk management capacity [22]. - The company faces various risks including credit risk, market risk, liquidity risk, operational risk, compliance risk, and information technology risk [98]. - The company has developed a comprehensive risk management framework for subsidiaries, ensuring adherence to the company's risk control standards [100]. Corporate Governance and Compliance - The company held its annual general meeting on June 30, 2021, where several key resolutions were passed, including the approval of the annual financial report and profit distribution plan [115]. - The company experienced changes in its board of directors, with the resignation of the president and the election of new independent directors [116]. - The compliance management headquarters strengthened compliance checks on key businesses and regions, focusing on self-inspection and anti-money laundering measures [111]. Social Responsibility and Community Engagement - The company has invested over RMB 300,000 in purchasing agricultural products from impoverished counties to support poverty alleviation efforts [124]. - The company has provided financial support to 985 left-behind students and 19 underprivileged college students through its educational assistance programs [124]. - The company has received recognition for its social responsibility efforts, including awards for "Outstanding Contribution to Social Responsibility" and "Annual Leading Figure in State-Owned Enterprises" for its chairman [125]. Subsidiaries and Business Expansion - The company operates 15 subsidiaries, including 5 second-level holding subsidiaries and 1 fourth-level holding subsidiary, with varying ownership percentages [193]. - The company has established and opened 85 approved securities business departments and 30 approved branch offices [189]. - The company is focused on expanding its market presence and enhancing its financial services, as indicated by its historical capital increases and strategic partnerships [184].

Financial Performance - Operating revenue surged by 146.45% to CNY 1.08 billion compared to the same period last year[4] - Net profit attributable to shareholders was CNY 120.96 million, a significant recovery from a loss of CNY 67.12 million in the previous year[4] - Basic earnings per share improved to CNY 0.03 from a loss of CNY 0.02[4] - The net profit for the first quarter of 2021 was CNY 398.57 million, compared to CNY 286.79 million in the same period of 2020, representing an increase of about 38.9%[20] - Net profit for Q1 2021 was $126.47 million, a significant recovery from a net loss of $59.54 million in Q1 2020[21] - The company reported a total comprehensive income of approximately $124.78 million, compared to a loss of $53.23 million in Q1 2020[22] Assets and Liabilities - Total assets increased by 2.77% to CNY 53.83 billion compared to the end of the previous year[4] - The total liabilities stood at CNY 39.52 billion, compared to CNY 38.19 billion, marking an increase of about 3.5%[17] - The total amount of short-term financing payable increased by 72.72% to RMB 7,176,098,112.56 from RMB 4,154,657,809.90[7] - Short-term financing payables increased significantly to CNY 7.18 billion from CNY 4.15 billion, reflecting a rise of approximately 73.5%[17] - The company’s total liabilities increased significantly, with derivative financial liabilities rising by 813.76% to RMB 529,806.62[7] Cash Flow - Net cash flow from operating activities decreased by 92.66% to CNY 87.07 million[4] - The net cash flow from operating activities for Q1 2021 was ¥87,066,272.40, a decrease of 92.65% compared to ¥1,186,948,897.66 in Q1 2020[26] - Total cash inflow from operating activities was ¥2,255,279,332.86, down 60.91% from ¥5,772,792,952.77 in the same period last year[26] - The net cash flow from investing activities was -¥13,801,655.75, compared to ¥101,640,138.85 in Q1 2020, indicating a significant decline[26] - Cash inflow from financing activities reached ¥3,216,543,311.60, a substantial increase from ¥1,010,810,200.00 in Q1 2020, representing a growth of 217.73%[26] - The net cash flow from financing activities was ¥1,908,231,242.57, compared to -¥204,134,640.05 in the previous year, showing a positive turnaround[26] Shareholder Information - The total number of shareholders at the end of the reporting period was not specified, but the top ten shareholders held significant stakes[6] - The largest shareholder, Hong Kong Central Clearing Limited, held 25.74% of the shares[6] - As of the end of the reporting period, Henan Investment Group holds 957,368,847 shares of the company, accounting for 20.62% of the total share capital[7] Government Subsidies and Legal Matters - The company received government subsidies amounting to CNY 3.95 million, primarily related to normal business operations[5] - The company is involved in a legal case regarding a financial trust contract breach with Henan Zhongyi Real Estate Co., Ltd., with a court ruling requiring repayment of RMB 99,690,000 plus interest and penalties[13] - The company completed a debt claim against Kedi Food Group, which is undergoing bankruptcy reorganization, and has withdrawn its appeal following a court ruling[12] - There were no updates on ongoing contract disputes with Shenwu Technology Group, New Light Holdings Group, and Changcheng Film and Television Culture Group during the reporting period[14] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance growth prospects in the upcoming quarters[20] - The company anticipates potential significant changes in net profit compared to the same period last year, but this is not applicable for the current report[14]

Dividend and Financial Performance - The company plans to distribute a cash dividend of RMB 0.17 per 10 shares, pending shareholder approval[5]. - The company reported a net profit attributable to shareholders of RMB 104,302,038.78 for 2020, with a cumulative distributable profit of RMB 102,780,913.15 as of December 31, 2020[170]. - The proposed cash dividend for 2020 is RMB 0.17 per share, totaling RMB 78,929,039.90, which represents 75.67% of the net profit attributable to shareholders[170]. - The company's operating revenue for 2020 was CNY 3,103,301,696.87, representing a 30.80% increase compared to CNY 2,372,526,991.25 in 2019[41]. - The net profit after deducting non-recurring gains and losses was CNY 95,722,370.32, showing a remarkable growth of 399.65% compared to CNY 19,157,977.42 in 2019[41]. - The company’s net profit for 2020 was RMB 1,575.34 billion, reflecting a year-on-year increase of 27.98%[59]. Market and Competitive Environment - The company's performance is highly correlated with the domestic securities market, which is influenced by macroeconomic conditions and investor behavior[6]. - The company anticipates a continued decline in brokerage commission rates and market share due to the impact of internet finance[7]. - The asset management sector may face a reduction in scale and fees due to regulatory changes and increased competition[7]. - The company faces significant risks from market volatility and economic downturns, which could adversely affect its financial performance[8]. - The company is preparing for the challenges posed by increased competition from foreign brokers and financial institutions entering the securities market[142]. Risk Management - The company has established an internal risk management framework, but some methods may not effectively predict future risks[8]. - The company has established a four-tier risk management framework to ensure comprehensive coverage of risk management across all levels[147]. - The company has implemented a four-level risk management system, continuously improving its risk control policies and procedures in response to regulatory changes[148]. - The company upgraded its risk management information system to enhance the efficiency and capability of credit risk management, including the addition of a unified public opinion monitoring system[149]. - The company has optimized its operational risk management system, focusing on identifying and controlling high-frequency low-loss and low-frequency high-loss operational risk events[162]. Business Expansion and Development - The company is committed to providing new products and services to enhance its competitive position in the industry[7]. - The company aims to enhance its wealth management services by leveraging artificial intelligence and big data applications in 2021[68]. - The company plans to strengthen its wealth management services and improve compliance and risk control systems in its overseas business in 2021[96]. - The company aims to establish a diversified product supply system in its asset management business, focusing on low-risk and innovative theme products in 2021[81]. - The company has a diverse range of business qualifications, including qualifications for futures intermediary services and internet securities business, which broadens its service offerings[14]. Financial Position and Capital Structure - The registered capital of Central China Securities Co., Ltd. increased to RMB 4,642,884,700.00 from RMB 3,869,070,700.00, representing a growth of approximately 20%[13]. - The net capital rose significantly to RMB 10,141,843,317.23, up from RMB 6,368,379,438.84, indicating an increase of about 59%[13]. - The total assets at the end of 2020 amounted to CNY 52,376,875,557.00, a 20.21% increase from CNY 43,569,902,415.77 at the end of 2019[43]. - The total liabilities increased by 15.48% to CNY 38,190,399,466.49 from CNY 33,072,115,962.00 in 2019[43]. - The equity attributable to shareholders of the parent company rose by 38.23% to CNY 13,368,714,617.90, compared to CNY 9,671,208,012.75 in the previous year[43]. Corporate Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board to ensure effective decision-making and oversight[27]. - The company’s governance framework is compliant with relevant laws and regulations, ensuring a robust operational framework[27]. - The company has established a compliance culture and self-regulation mechanisms to ensure proper operational conduct[164]. - The company has committed to invest no less than 3% of the previous year's revenue in compliance and risk control from 2020 to 2022[175]. - The company has appointed Xin Yong Zhong He Accounting Firm as its sole auditor for 2020, transitioning from PwC to streamline processes and reduce costs[178]. Social Responsibility and Community Engagement - The company issued special bonds for poverty alleviation totaling RMB 1 billion, aimed at improving living conditions for impoverished residents in Lankao County[199]. - The company established a poverty alleviation leadership group and office to coordinate efforts in line with national strategies[198]. - The company has actively engaged in social responsibility initiatives, particularly in poverty alleviation efforts[197]. - The company provided comprehensive financial services to assist small and medium-sized enterprises in impoverished counties with listing and financing needs[198]. - A total of 145 enterprises from impoverished counties were listed on the company's "Poverty Alleviation Board," raising a total of RMB 161.23 million[199].

Financial Performance - Operating income for the first nine months rose by 11.24% year-on-year to CNY 2.21 billion[5]. - Net profit attributable to shareholders decreased by 70.13% year-on-year to CNY 86.75 million[5]. - Basic and diluted earnings per share decreased by 75.00% to CNY 0.02[5]. - Total operating revenue for Q3 2020 reached ¥958.44 million, a 37.3% increase from ¥698.12 million in Q3 2019[29]. - Net profit for Q3 2020 was ¥63.95 million, up from ¥46.49 million in the same quarter last year, reflecting a growth of 37.7%[30]. - The net profit attributable to shareholders of the parent company was ¥55.90 million, compared to ¥50.51 million in Q3 2019, showing a growth of 10.5%[30]. Assets and Liabilities - Total assets increased by 10.79% year-on-year to CNY 48.27 billion as of the end of the reporting period[5]. - The company’s total liabilities decreased by 33.48% to RMB 261,778,134.13, primarily due to a reduction in other payables[10]. - The company’s long-term borrowings decreased by 92.41% to RMB 1,001,583.33, mainly due to a reduction in long-term credit loans[10]. - The company’s total liabilities increased to ¥34,051,941,797.38 from ¥33,072,115,962.00, reflecting a growth of approximately 2.96% year-over-year[25]. - Total assets reached ¥48,268,982,216.82, compared to ¥43,569,902,415.77, indicating a growth of approximately 10.0%[25]. Cash Flow - Net cash flow from operating activities decreased by 49.65% year-on-year to CNY 1.25 billion[5]. - The company reported a net cash outflow from investment activities of CNY 1,598,204,803.28 for the first three quarters of 2020, compared to a net outflow of CNY 413,293,824.71 in 2019[34]. - The cash and cash equivalents at the end of the period increased to CNY 11,539,728,534.85, up from CNY 9,210,871,836.82 at the beginning of the period[37]. - The total cash inflow from financing activities in the first three quarters of 2020 was CNY 8,704,767,425.25, compared to CNY 10,092,042,864.16 in the same period of 2019[34]. Shareholder Information - The number of shareholders at the end of the reporting period was 112,613[7]. - Major shareholders included Hong Kong Central Clearing Limited with 25.74% and Henan Investment Group with 17.73%[7]. Other Income and Expenses - Non-operating income for the first nine months totaled CNY 4.71 million, primarily from government subsidies[6]. - The total revenue from other business activities increased by 80.36% to RMB 847,977,980.18, primarily due to increased sales of bulk commodities[10]. - The company reported a significant increase in other income, which increased by 96.57% to RMB 9,023,525.67, primarily due to increased government subsidies related to daily activities[10]. Legal Matters - The company has ongoing litigation related to stock pledge defaults, with various cases in execution stages, including claims for RMB 20,000 million against New Light Holdings[18][20]. - The company holds a priority right to recover RMB 20,000 million from New Light Holdings, confirmed by a court ruling[18].

Financial Performance - The company's operating income for the first half of 2020 was CNY 1,249,975,323.25, a decrease of 2.89% compared to CNY 1,287,144,859.79 in the same period last year[21]. - Total profit for the period was CNY 58,419,447.21, down 83.50% from CNY 354,151,639.95 year-on-year[21]. - Net profit attributable to shareholders was CNY 30,850,805.92, representing an 87.14% decline from CNY 239,926,940.64 in the previous year[21]. - The company's total assets increased by 9.38% to CNY 47,657,411,534.75 from CNY 43,569,902,415.77 at the end of the previous year[21]. - Total liabilities rose by 12.26% to CNY 37,127,056,703.08 compared to CNY 33,072,115,962.00 at the end of last year[21]. - The net cash flow from operating activities was CNY 3,066,071,606.88, a decrease of 14.63% from CNY 3,591,696,065.84 in the same period last year[21]. - Basic earnings per share for the first half of 2020 were CNY 0.01, down 83.33% from CNY 0.06 in the previous year[22]. - The company's return on equity (ROE) decreased to 0.32%, down 2.06 percentage points from 2.38% in the same period last year[22]. - The asset-liability ratio increased to 71.34%, up 1.61 percentage points from 69.73% at the end of the previous year[22]. Market Conditions and Risks - The company's performance is highly correlated with the domestic securities market, which is influenced by macroeconomic conditions and investor behavior[6]. - The company faces challenges in its investment banking business due to increased competition and market volatility[7]. - The brokerage business has seen a decline in commission rates and market share, which is expected to continue[6]. - The asset management industry is experiencing intensified competition, potentially leading to a reduction in management fees and performance rewards[7]. - The company is exposed to risks from extreme market events and may struggle to predict future risks accurately[8]. - The COVID-19 pandemic has the potential to adversely affect the company's business and financial performance[8]. - The company has established an internal risk management framework, but some methods may not effectively predict future risks[8]. Business Strategy and Development - The company is committed to providing new products and services to enhance its competitive position in the industry[7]. - The company plans to enhance risk management and optimize client structure in its financing and securities lending business in the second half of 2020[42]. - The company aims to expand its investment banking services by focusing on high-tech industries and quality SMEs, while also developing a professional sales team for equity and debt financing[49]. - The company plans to focus on standardized product investment and enhance active management capabilities in the second half of 2020[52]. - The company will continue to transform its business model towards wealth management and strengthen its cross-border capital market services[65]. - The company plans to maintain a low-risk business approach while enhancing its investment capabilities and compliance risk management[66]. Asset Management and Investment - The total scale of the company's asset management business reached RMB 6.836 billion, with specific management scales of RMB 2.220 billion for three large collective asset management plans, RMB 2.766 billion for nine collective asset management plans, RMB 1.251 billion for five single asset management plans, and RMB 599 million for two special asset management plans[51]. - The private equity fund management subsidiary managed 15 registered private equity funds with a total scale of RMB 5.1 billion as of the reporting period[54]. - The company made new investments totaling RMB 26.84 million in the first half of 2020, including RMB 10.93 million in equity investments and RMB 15.92 million in financial product investments[59]. - The company aims to optimize its investment strategies by focusing on equity investments and enhancing risk control measures[58]. Shareholder and Capital Structure - The company completed a private placement of 773,814,000 shares, raising a total of RMB 3.64 billion[142]. - The total number of shares after the recent changes is 3,869,070,700, with 100% being tradable shares[144]. - The number of restricted shares decreased by 870,963,022, resulting in zero restricted shares remaining[145]. - The company plans to issue 773,814,000 new shares, which will decrease earnings per share from 0.008 CNY to 0.007 CNY[145]. - The net asset value per share is expected to increase from 2.51 CNY to 2.87 CNY after the new share issuance[145]. - The total number of shareholders reached 117,926, with 117,884 being A-share holders and 42 being H-share holders[147]. - The largest shareholder, Henan Investment Group, holds 822,983,847 shares, representing 21.27% of total shares[147]. - The second-largest shareholder, Bohai Industrial Investment Fund, holds 534,309,767 shares, accounting for 13.81%[147]. Compliance and Risk Management - The company has established a comprehensive compliance management system to effectively identify, assess, and manage compliance risks[102]. - Continuous investment in IT operations management, information security measures, and risk management systems to enhance overall compliance and risk control capabilities[104]. - The company committed to invest no less than 3% of the previous year's revenue in compliance and risk control from 2020 to 2022, and no less than 6% in information technology[108]. - The company has implemented measures to avoid conflicts of interest and enhance compliance culture as part of its long-term strategy[102]. Social Responsibility and Community Engagement - The company issued poverty alleviation bonds totaling RMB 390,000,000 to support financial assistance efforts in Lankao County[129]. - A total of RMB 32,000,000 was raised for financing 34 enterprises in poverty-stricken counties through the equity center[129]. - The company donated a total of RMB 4,000,000 in response to the COVID-19 pandemic[129]. - The company engaged in consumption poverty alleviation by purchasing agricultural products worth RMB 360,000 from various villages[129]. - The company conducted training sessions for enterprises to connect with capital markets, providing one-on-one professional consulting[129].

Financial Performance - Net profit attributable to shareholders was -¥67,124,797.59, a decrease of 136.88% year-on-year [4]. - Operating revenue for the period was ¥436,670,123.05, down 33.66% from the same period last year [4]. - Basic earnings per share were -¥0.02, representing a decrease of 140.00% year-on-year [4]. - The weighted average return on equity was -0.70%, a decrease of 2.51 percentage points from the previous year [4]. - The company reported a loss from non-operating income of -¥3,987,308.29 [5]. - The company reported a 76.08% decrease in undistributed profits to ¥21,107,928.73 from ¥88,232,726.32, primarily due to a reduction in net profit for the period [9]. - Net profit for Q1 2020 was a loss of ¥59,539,637.66, compared to a profit of ¥208,336,136.31 in Q1 2019 [21]. - The company’s net investment income was ¥175,829,715.46, down from ¥211,494,537.12 in Q1 2019 [21]. - Total comprehensive income for Q1 2020 was CNY 21,024,389.89, a decline of 83.2% compared to CNY 125,102,420.82 in Q1 2019 [25]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥46,983,037,368.41, an increase of 7.83% compared to the end of the previous year [4]. - The total liabilities of the company were RMB 36.54 billion, compared to RMB 33.07 billion at the end of 2019, reflecting an increase of around 10.5% [17]. - The company's total equity as of March 31, 2020, was RMB 10.44 billion, slightly down from RMB 10.50 billion at the end of 2019, a decrease of about 0.5% [17]. - Total liabilities increased to ¥33,774,139,233.92 from ¥29,886,297,811.89 year-over-year, reflecting a growth of 13.5% [20]. - The total assets reached ¥43,726,949,093.94, up from ¥39,818,083,282.02, marking an increase of 9.5% [20]. Cash Flow - Net cash flow from operating activities was ¥1,186,948,897.66, a decline of 65.17% compared to the previous year [4]. - Cash flow from operating activities decreased by 65.17% to ¥1,186,948,897.66 from ¥3,407,530,937.59, primarily due to a reduction in cash received from securities trading [10]. - The net cash flow from operating activities for Q1 2020 was RMB 1,457,928,665.60, a decrease of 55.6% compared to RMB 3,273,091,145.60 in Q1 2019 [27]. - Total cash inflow from operating activities was RMB 5,316,748,173.14, down 27.8% from RMB 7,363,290,883.79 in the same period last year [27]. - The company reported a net cash outflow from financing activities of CNY 204,134,640.05, compared to a net inflow of CNY 1,863,266,066.01 in Q1 2019 [26]. Shareholder Information - The total number of shareholders at the end of the reporting period was 124,799, with significant holdings by major shareholders including Hong Kong Central Clearing Limited at 30.89% [7]. - The company plans to issue up to 773,814,000 shares in a private placement, raising no more than ¥5.5 billion [11]. Government Support and Subsidies - Government subsidies recognized in the current period amounted to ¥6,145,892.35, primarily from government support [5]. - Other income surged by 441.46% to ¥6,113,395.48 from ¥1,129,055.02, primarily due to an increase in government subsidies related to daily activities [9]. Legal Matters - The company is involved in several significant lawsuits, with amounts involved including ¥20 million and ¥43.17 million for various contract disputes [12]. - The company has ongoing litigation related to stock pledge defaults, with claims totaling approximately RMB 431.66 million pending in court [14]. - The company is currently in the execution phase of a court ruling regarding a debt recovery case involving RMB 188 million [13]. Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report [8]. - The company has not indicated any significant changes in net profit expectations for the upcoming reporting period [14].