Financial Performance - Operating revenue for the first quarter reached CNY 450.52 million, a 6.43% increase year-on-year[6] - Net profit attributable to shareholders was CNY 101.80 million, reflecting a 1.75% increase from the same period last year[6] - The total operating revenue for Q1 2018 was CNY 450,521,007.06, an increase of 6.4% compared to CNY 423,313,455.04 in the previous year[26] - Net profit for Q1 2018 reached CNY 120,323,750.72, up from CNY 114,787,064.19 in the same period last year, reflecting a growth of 4.6%[26] - The total comprehensive income for the period was CNY 84,346,680.95, compared to CNY 76,024,956.81 in the previous year, indicating an increase of approximately 10.5%[27] - The company's net profit attributable to shareholders reached CNY 101,801,687.30, a slight increase from CNY 100,047,305.09 in the previous period, reflecting a growth of approximately 1.75%[27] Asset Management - Total assets increased by 3.65% to CNY 42.15 billion compared to the end of the previous year[6] - The company reported a significant increase in receivables, up 49.64% to CNY 150.32 million, primarily due to increased bond repayment receivables[10] - The company’s long-term equity investments rose by 33.49% to CNY 675.54 million, attributed to increased investments by subsidiaries[10] - The total assets as of March 31, 2018, amounted to CNY 37,548,452,309.25, compared to CNY 35,947,844,121.90 at the beginning of the year, indicating a growth of 4.5%[25] - The company's total assets increased to ¥42,147,805,310.21 from ¥40,662,897,615.53 at the beginning of the year[21] Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of CNY 398.61 million compared to a net outflow of CNY 2.42 billion in the previous year[6] - Cash generated from operating activities was -¥398,605,694.96, showing an improvement compared to -¥2,418,805,617.99 in the previous period[11] - The net cash flow from operating activities was negative at CNY -398,605,694.96, an improvement from CNY -2,418,805,617.99 in the previous year[33] - The net cash flow from operating activities for Q1 2018 was ¥136,971,845.30, a significant improvement compared to a net outflow of ¥2,267,020,120.07 in the same period last year[37] - Total cash inflow from operating activities reached ¥1,971,263,528.98, while cash outflow was ¥1,834,291,683.68, resulting in a net cash flow of ¥136,971,845.30[37] Shareholder Information - The number of shareholders reached 138,025, with the top ten shareholders holding a combined 95.53% of shares[7] - As of the report date, the company has repurchased 6,188,000 H-shares, accounting for 0.495% of total H-share capital, with a total expenditure of ¥19,407,620[15] Investment Income - Investment income increased by 35.66% to CNY 100.96 million, driven by gains from financial asset disposals[10] - The investment income for the quarter was CNY 100,963,907.47, which is a significant increase of 35.5% from CNY 74,424,255.94 in the previous year[26] - Investment income decreased to CNY 51,458,043.06 from CNY 75,312,834.45, reflecting a decline of approximately 31.7%[30] Liabilities and Equity - The total liabilities increased to CNY 27,420,505,643.07 from CNY 25,881,640,782.54, representing a rise of 5.9%[25] - The equity attributable to shareholders reached CNY 10,127,946,666.18, compared to CNY 10,066,203,339.36 at the start of the year, showing an increase of 0.6%[25] - Short-term borrowings rose to ¥2,303,777,640.96 from ¥2,184,702,824.94 at the beginning of the year[21] Regulatory Compliance - The company received regulatory measures from the Henan Securities Regulatory Bureau, emphasizing the need for compliance and risk control[16] Other Business Activities - Other business revenue increased by 98.50% to ¥64,871,265.26, primarily from the subsidiary's commodity trading sales[11] - Other business costs rose by 111.97% to ¥63,263,983.44, also driven by the subsidiary's commodity trading sales[11] - Operating income increased by 402.19% to ¥10,208,635.27, primarily due to an increase in government subsidies[11]

Financial Performance - The company's operating revenue for 2017 was ¥2,147,620,089.37, representing a 6.91% increase compared to ¥2,008,852,561.18 in 2016[50]. - The net profit attributable to shareholders of the parent company decreased by 38.50% to ¥441,982,592.67 from ¥718,646,243.11 in the previous year[50]. - The basic earnings per share for 2017 was ¥0.11, down 50.00% from ¥0.22 in 2016[51]. - The total assets at the end of 2017 were ¥40,661,467,680.37, a slight increase of 0.69% from ¥40,384,572,637.04 in 2016[50]. - The total liabilities increased by 1.29% to ¥29,209,348,494.91 in 2017 from ¥28,837,803,803.63 in 2016[50]. - The weighted average return on equity for 2017 was 4.24%, a decrease of 4.65 percentage points from 8.89% in 2016[51]. - The cash flow from operating activities was negative at -¥4,153,277,912.05, compared to -¥2,701,990,424.05 in 2016[50]. - The total equity attributable to shareholders of the parent company decreased by 3.90% to ¥10,169,851,687.03 from ¥10,582,116,323.66 in 2016[50]. - The company reported a net profit excluding non-recurring gains and losses of ¥440,114,134.70, down 33.85% from ¥665,312,398.19 in 2016[50]. - The company's net capital decreased to ¥7,837,072,661.73 from ¥10,217,177,777.68, representing a decline of 23.1%[52]. Market Position and Strategy - The company is committed to providing new products and services to enhance its competitive position, although innovation may introduce new risks[9]. - The company is actively pursuing market expansion through qualifications for new financial products and services, positioning itself for future growth[24]. - The company aims to expand its investment banking and asset management services, leveraging its regional strengths[65]. - The company is focused on enhancing customer service and engagement through its extensive network of business departments[44]. - The company is likely to explore technological advancements in trading and customer engagement as part of its future outlook[45]. - The company aims to become a modern, international large-scale financial holding group within three to five years, focusing on a dual-driven model of "investment banking + investment"[151]. Risk Management - The company has implemented an internal risk management framework, but some methods may not effectively predict future risks, particularly in extreme market events[10]. - The company faces various risks including credit risk, market risk, liquidity risk, operational risk, and compliance risk, and employs methods like duration analysis and sensitivity analysis for risk measurement[154]. - Credit risk primarily arises from bond investment, margin financing, and stock pledge repurchase transactions, with measures in place to mitigate these risks[156]. - The company has established a strict customer selection and project risk assessment system for stock pledge repurchase transactions, ensuring thorough due diligence and ongoing monitoring[157]. - The liquidity risk management strategy includes controlling proprietary business investment scale and ensuring that stock investments are diversified, with a focus on maintaining liquidity[160]. Corporate Governance and Compliance - The company has established a sound corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board[38]. - The company has implemented corrective measures following regulatory scrutiny, including submitting compliance reports to the Henan Securities Regulatory Bureau[178]. - The company has adopted new accounting standards effective from May 28, 2017, which did not have a significant impact on its financial status, operating results, or cash flows[174]. - The company retained Xinyong Zhonghe as the domestic auditor for the 2017 financial report, with an audit fee of RMB 1.35 million, including RMB 1.05 million for annual audit and RMB 0.3 million for internal control audit[176]. Shareholder Returns - The company proposed a cash dividend of RMB 0.35 per 10 shares for the second half of 2017, pending shareholder approval, following a distribution of RMB 0.73 per 10 shares in October 2017[6]. - The company has commitments from shareholders regarding the voluntary lock-up of shares for 12 months following the issuance of A shares, ensuring stability in shareholding[171]. - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits to be distributed as cash dividends, ensuring stable returns for investors[165]. - Over the past three years, the company has maintained a high cash dividend payout ratio, with 2017 at 95.88%, 2016 at 110.92%, and 2015 at 96.33%[169]. Social Responsibility - The company has established a poverty alleviation leadership group and office to support poverty alleviation efforts in Henan Province[193]. - In 2017, the company purchased agricultural products from impoverished households totaling CNY 240,000, benefiting 68 registered poor households[194]. - The company donated CNY 500,000 to improve teaching conditions at a primary school in Lankao County[194]. - A total of CNY 150,000 was donated to three targeted poverty-stricken counties for the construction of grassroots party service centers[195]. - The company directly assisted over 1,670 impoverished households and created employment for nearly 10,000 laborers, benefiting over 20,000 impoverished students[196].

Financial Performance - Net profit attributable to shareholders decreased by 35.29% to ¥355,758,026.50 for the year-to-date period[6] - Operating revenue for the year-to-date period was ¥1,571,055,475.75, reflecting a decline of 1.21% compared to the same period last year[6] - Basic earnings per share dropped by 47.06% to ¥0.09[7] - The weighted average return on equity decreased by 3.38 percentage points to 3.38%[7] - Total operating revenue for the first nine months of 2017 was CNY 1,132,016,248.21, down from CNY 1,371,522,813.06 in the same period of 2016, indicating a decrease of about 17.4%[30] - The company's net profit for Q3 2017 was approximately ¥194.04 million, an increase from ¥163.87 million in the same period last year, representing a growth of about 18.4%[31] - The total profit before tax for Q3 2017 was ¥246.73 million, compared to ¥218.49 million in the same period last year, representing an increase of 12.9%[31] - The total comprehensive income for Q3 2017 was approximately ¥192.85 million, up from ¥156.54 million in the previous year, marking an increase of 23.1%[32] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of ¥2,825,542,694.99, compared to a net outflow of ¥2,688,641,503.77 in the previous year[6] - The company's cash and cash equivalents decreased by 31.15% to ¥8,323,757,331.54 compared to the end of last year[12] - The net cash flow from operating activities for the first nine months was -¥2.83 billion, slightly worse than -¥2.69 billion in the same period last year[34] - The cash and cash equivalents at the end of Q3 2017 stood at ¥10.34 billion, down from ¥12.70 billion at the end of the previous year, a decrease of 18.5%[34] - The total cash and cash equivalents at the end of the period were 8,787,363,717.87, down from 11,220,023,562.29 year-over-year[38] - The total cash inflow from operating activities was 2,590,661,743.61, compared to 8,201,771,892.50 in the previous year, indicating a decline[37] Assets and Liabilities - Total assets at the end of the reporting period reached ¥40,513,559,177.06, a slight increase of 0.32% compared to the end of the previous year[6] - The company reported a significant increase of 120.25% in other assets, totaling ¥1,510,604,467.62, primarily due to increased loans from subsidiaries[12] - The company's total liabilities from short-term borrowings rose by 152.30% to RMB 1.67 billion, mainly due to increased credit borrowings from subsidiaries[13] - The total liabilities as of September 30, 2017, were CNY 28,871,469,451.71, slightly up from CNY 28,837,803,803.63 at the beginning of the year[23] - The company's equity attributable to shareholders decreased to CNY 10,383,642,807.56 from CNY 10,582,116,323.66, a decline of about 1.9%[23] Investment and Financing Activities - The company plans to issue convertible bonds with a total scale not exceeding RMB 2.7 billion, which has been accepted by the China Securities Regulatory Commission[17] - The company established Henan Asset Management Co., Ltd. with a registered capital of RMB 5 billion, in collaboration with other investors[15] - The company completed the issuance of its first phase of subordinated bonds amounting to RMB 1.5 billion with a term of 3 years and an annual interest rate of 5.15%[19] - The company raised ¥4.54 billion from financing activities in the first nine months of 2017, compared to ¥3.13 billion in the same period last year, reflecting a growth of 45.2%[34] Other Business Operations - Other business income surged to RMB 249.31 million, a staggering increase of 2987.17% from RMB 8.08 million, mainly driven by increased sales revenue from subsidiaries[13] - The company reported a total revenue of ¥26.44 million from other business operations in Q3 2017, compared to ¥31.27 million in the same quarter last year, indicating a decline of 15.4%[31] - The company’s other business costs increased significantly by 21958.93% to RMB 212.18 million, primarily due to increased sales costs from subsidiaries[13] Taxation - The company experienced a 72.46% decrease in taxes and additional charges, down to RMB 14.33 million from RMB 52.04 million, due to the implementation of a tax reform[13]

Financial Performance - Central China Securities reported a net profit of RMB 150 million for the first half of 2017, representing a year-on-year increase of 20%[5]. - The company's total revenue for the same period reached RMB 1.2 billion, up 15% compared to the previous year[5]. - Total revenue and other income for the first half of 2017 was RMB 1,310.27 million, a decrease of 12.6% compared to RMB 1,499.77 million in the same period of 2016[20]. - Profit before tax for the first half of 2017 was RMB 226.45 million, down 44.9% from RMB 411.23 million in the first half of 2016[20]. - Net profit attributable to shareholders for the first half of 2017 was RMB 133.37 million, a decline of 56.4% compared to RMB 306.16 million in the same period of 2016[20]. - Basic and diluted earnings per share for the first half of 2017 were both RMB 0.03, a decrease of 70.0% from RMB 0.10 in the first half of 2016[20]. - The company’s total revenue and other income amounted to RMB 1.31 billion, a decrease of 12.6% compared to the same period in 2016, with securities brokerage revenue down 32.4% to RMB 340 million[81]. - The net profit for the six months ended June 30, 2017, was RMB 167,969,000, compared to RMB 314,378,000 for the same period in 2016, representing a decline of approximately 46.5%[167]. Assets and Liabilities - Total assets as of June 30, 2017, amounted to RMB 41,321.01 million, an increase of 2.3% from RMB 40,384.57 million at the end of 2016[20]. - Total liabilities as of June 30, 2017, were RMB 29,915.95 million, up 3.7% from RMB 28,837.80 million at the end of 2016[20]. - The company's net capital as of June 30, 2017, was RMB 8,350.35 million, a decrease of RMB 186.70 million from RMB 10,217.18 million at the end of 2016[31]. - The debt-to-asset ratio increased to 64.4% as of June 30, 2017, up 2.9 percentage points from 61.5% at the end of 2016[20]. - The total liabilities of the group at the end of the reporting period amounted to RMB 20.631 billion, an increase of RMB 2.162 billion or 11.7% compared to RMB 18.470 billion at the end of 2016[86]. Business Strategy and Development - The company plans to expand its market presence by opening 10 new branches in key cities by the end of 2017[5]. - Central China Securities is investing RMB 50 million in new technology development to enhance its trading platform[5]. - The firm has set a target of achieving a revenue growth of 12% for the full year 2017[5]. - The company is exploring potential mergers and acquisitions to strengthen its market position in the financial services sector[5]. - Central China Securities aims to diversify its product offerings by launching two new financial products in Q3 2017[5]. - The company plans to enhance its wealth management capabilities and international development in the second half of the year[44]. - The company aims to accelerate its transformation towards a modern operating model focused on investment leadership and investment banking[44]. Customer Engagement and Services - User data indicated an increase in active trading accounts by 10% to 500,000 as of June 30, 2017[5]. - The firm reported a significant increase in asset management services, with assets under management growing by 25% to RMB 10 billion[5]. - The company is focusing on improving customer service and engagement through digital channels, with a goal to increase online transactions by 30%[5]. - The investment consulting service signed up 255,129 clients, with commission and service fee income of RMB 40 million, down 37.7% year-on-year[49]. Risk Management - The company faces various risks including credit risk, market risk, liquidity risk, operational risk, and compliance risk, which are managed through various analytical methods[108]. - Credit risk primarily arises from bond investments, margin financing, and stock repurchase transactions, with measures in place to mitigate these risks[109]. - The company has established strict customer selection and project risk assessment systems for stock pledge repurchase transactions to prevent credit risk[112]. - Market risk is managed through a strict investment authorization system and a multi-indicator risk monitoring assessment system[115]. - The company controls liquidity risk by managing the scale of proprietary business investments and ensuring timely access to sufficient funds[117]. Employee and Corporate Governance - The company has a total of 2,701 employees, with 2,402 in the main company and 299 in subsidiaries[105]. - The company has implemented an annual performance incentive mechanism linked to business performance, enhancing employee motivation through targeted rewards[105]. - The company has established a corporate annuity plan to improve employee welfare and benefits[105]. - The board consists of 11 members, including 2 executive directors, 5 non-executive directors, and 4 independent non-executive directors, with clear responsibilities among its four committees[140]. - The board convened 10 meetings during the reporting period, reviewing 52 proposals[142]. Dividends and Shareholder Information - The company approved a cash dividend of RMB 1.21 per 10 shares for the 2016 fiscal year, totaling RMB 474,771,898.70 distributed to shareholders[122]. - For the 2017 interim dividend, the company plans to distribute RMB 0.73 per 10 shares, amounting to a total of RMB 286,432,633.10[125]. - The total share capital as of June 30, 2017, is 3,923,734,700 shares, which serves as the basis for the dividend calculations[125]. - As of August 3, 2017, Henan Investment Group holds approximately 20.975% of the company's issued share capital, making it the largest shareholder[130].

Financial Performance - Net profit attributable to shareholders decreased by 21.10% to CNY 100,047,305.09 compared to the same period last year[7]. - Operating revenue decreased by 1.43% to CNY 423,313,455.04 compared to the same period last year[7]. - Basic earnings per share decreased by 25.00% to CNY 0.03 compared to the same period last year[7]. - The net profit after deducting non-recurring gains and losses decreased by 16.03% to CNY 99,043,228.57 compared to the same period last year[7]. - The total profit for the current period is ¥152,882,919.05, a decrease of 6.8% compared to ¥163,632,173.67 in the previous period[29]. - The comprehensive income attributable to the parent company decreased to ¥60,782,037.94 from ¥150,850,960.02, a drop of 59.7%[30]. - The company reported a significant increase in other business income, which rose to ¥32,680,386.70 from ¥1,645,295.61[29]. - The company’s net interest income increased to ¥119,414,519.98, up 7.9% from ¥111,488,794.29[29]. Asset and Equity Changes - Total assets decreased by 1.64% to CNY 39,722,935,435.00 compared to the end of the previous year[7]. - The total equity attributable to shareholders increased by 0.64% to CNY 10,649,512,213.46 compared to the end of the previous year[7]. - Total liabilities decreased from CNY 28.84 billion to CNY 27.64 billion, a reduction of approximately 4.16%[22]. - Total equity increased from CNY 11.55 billion to CNY 12.09 billion, an increase of approximately 4.67%[22]. - The company’s long-term equity investments decreased from CNY 370.42 million to CNY 325.61 million, a decline of approximately 12.1%[21]. Cash Flow Analysis - The net cash flow from operating activities was negative at CNY -2,418,805,617.99, compared to CNY 563,599,364.00 in the same period last year[7]. - Total cash inflow from operating activities was 1,311,084,235.59 RMB, down from 8,217,436,131.17 RMB in the previous period, indicating a decline of approximately 84%[36]. - Cash outflow from operating activities totaled 3,729,889,853.58 RMB, compared to 7,653,836,767.17 RMB in the prior period, reflecting a decrease of about 51%[36]. - The net cash flow from investment activities was 439,055,656.69 RMB, a turnaround from -52,275,257.62 RMB in the previous period[36]. - The net cash flow from financing activities was -992,952,318.85 RMB, an improvement from -1,687,756,097.02 RMB in the previous period[37]. Shareholder Information - The number of shareholders reached 183,553, with 183,291 being A-share shareholders[11]. - The company approved a share repurchase plan for up to 10% of its total H shares, subject to shareholder and regulatory approvals[16]. Government Support - The company received government subsidies amounting to CNY 2,000,000.00 related to normal business operations[7]. Market and Investment Activities - The company plans to establish Zhongyuan Life Insurance Co., Ltd., with an investment of ¥360 million, representing a 12% stake[15]. - The company completed a capital increase of ¥113 million to Zhongzhou Blue Ocean Investment Management Co., Ltd.[17].

Financial Performance - The company's operating revenue for 2016 was CNY 2,026,810,960.79, a decrease of 49.38% compared to 2015[45]. - The net profit attributable to shareholders for 2016 was CNY 718,646,243.11, down 48.87% from the previous year[45]. - The net cash flow from operating activities was negative CNY 2,701,990,424.05, indicating a significant decline in cash generation[45]. - Total assets at the end of 2016 amounted to CNY 40,384,572,637.04, a decrease of 3.04% from 2015[45]. - The total liabilities decreased by 12.01% to CNY 28,837,803,803.63 at the end of 2016[45]. - The basic earnings per share for 2016 was CNY 0.22, a decline of 55.10% compared to 2015[46]. - The weighted average return on equity decreased by 11.65 percentage points to 8.89% in 2016[46]. - The net capital at the end of the reporting period was CNY 10,217,177,777.68, an increase from CNY 7,814,063,990.84 in the previous year[48]. - The liquidity coverage ratio significantly improved to 2,053.26% from 538.25% in the previous year[48]. - The total operating income for the fourth quarter of 2016 was CNY 436,445,052.96, with a net profit attributable to shareholders of CNY 168,890,444.79[51]. Dividend Policy - The company proposed a cash dividend of RMB 1.21 per 10 shares for the 2016 fiscal year, pending shareholder approval[2]. - The company plans to distribute a total cash dividend of RMB 797,145,368.70 (including tax) for the year 2016, which accounts for 110.92% of the net profit attributable to the parent company's shareholders[176]. - The company aims to maintain a cash dividend policy of at least 20% of the distributable profit each year, emphasizing stable and continuous returns to investors[171]. - The cash dividend for 2016 is set at RMB 1.00 per 10 shares (including tax)[176]. - The cash dividend distribution for 2016 was approved at the annual general meeting and will be executed within two months from the meeting date[173]. Market Position and Competition - The company achieved a Class A regulatory rating from the China Securities Regulatory Commission for two consecutive years, but faces potential risks of downgrade[7]. - The company's performance is highly correlated with the domestic securities market, which is influenced by macroeconomic conditions and investor behavior[5]. - The company is experiencing a decline in brokerage commission rates due to competition from internet finance, which may continue to negatively impact profit growth[6]. - The asset management industry is facing intensified competition and financial deleveraging, potentially leading to a reduction in asset management fees and performance rewards[6]. - The company is committed to providing new products and services to enhance its competitive position, although this may increase associated risks[6]. Risk Management - The company has implemented internal risk management structures, but some methods may not effectively predict future risks, especially in extreme market conditions[7]. - The company has established a comprehensive risk management system with a four-tier structure to manage market, credit, and operational risks[71]. - The company employs various risk management strategies, including duration analysis and sensitivity analysis, to control credit risk associated with bond investments and financing businesses[162]. - The company has implemented strict investment authorization systems and multi-indicator risk monitoring to manage market risk effectively[164]. - The liquidity risk is managed by diversifying investments and maintaining a reasonable distribution of bond maturities, ensuring sufficient funds to meet obligations[165]. Business Operations and Structure - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board to ensure effective decision-making and oversight[35]. - The company directly owns 4 domestic subsidiaries and 1 overseas subsidiary, with a registered capital of RMB 3.3 billion for Zhongyuan Futures Co., Ltd. and RMB 1.38 billion for Zhongding Kaiyuan Venture Capital Management Co., Ltd.[37]. - The company has a total of 21 branches, with the first branch established in 2003, indicating a strong regional presence[39]. - The company operates a total of 82 securities business departments across 12 provinces, autonomous regions, and municipalities in China[41]. - Each business department is managed by a designated leader, ensuring accountability and operational efficiency[41]. Investment and Asset Management - The company's investment management business reached a scale of 12 billion RMB, reflecting a significant growth in asset management products[61]. - The company achieved a 59.30% increase in financial assets measured at fair value, totaling 8.037 billion RMB, primarily due to an increase in bond investments[64]. - The company reported a 247.14% increase in long-term equity investments, amounting to 370 million RMB, mainly from increased joint venture investments[64]. - The asset management business scale reached RMB 12 billion, with a year-on-year growth of 45.58%[90]. - The company completed 11 corporate bond projects, with an underwriting amount of RMB 10.55 billion, a growth of 152.39% year-on-year[87]. Corporate Social Responsibility - The company has established a strategic cooperation agreement with Lankao County and Gushi County for poverty alleviation, committing RMB 5 million to the Henan Poverty Alleviation Foundation[194]. - A total of 71 impoverished individuals benefited from the company's poverty alleviation efforts during the reporting period[196]. - The company has initiated three projects aimed at industrial development for poverty alleviation, with an investment of RMB 25,024,000[196]. - The company donated RMB 300,000 to the Lankao County Poverty Alleviation Enterprise Association for educational support for left-behind children[196]. Audit and Compliance - The company appointed Xinyong Zhonghe Accounting Firm for domestic audit services with a total fee of RMB 750,000, including RMB 650,000 for annual audit and RMB 100,000 for internal control audit[180]. - The company also retained PwC for international audit services with a total fee of RMB 2.78 million for the year[180]. - The company has no major litigation or arbitration matters during the reporting period[181]. - The company has no significant penalties or public reprimands from regulatory authorities during the reporting period[182].