Financial Performance - Operating income for the first nine months was CNY 904.33 million, down 9.83% year-on-year[6] - Net profit attributable to shareholders decreased by 29.14% to CNY 226.02 million compared to the same period last year[6] - Basic earnings per share decreased by 30.77% to CNY 0.09 per share[6] - The company's net income for the first nine months of 2018 was CNY 200,963,782.96, representing a 35.88% increase compared to CNY 147,902,899.88 in the same period last year[12] - Net profit for the first nine months of 2018 was CNY 229,563,197.12, down from CNY 320,246,497.90 in the same period last year, representing a decrease of approximately 28.4%[21] - Net profit attributable to shareholders for Q3 2018 was CNY 39.67 million, down 48.0% from CNY 76.44 million in the same period last year[25] - The net income for the first nine months of 2018 reached CNY 215.22 million, a decline of 28.7% compared to CNY 301.90 million in the first nine months of 2017[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 23.42 billion, a decrease of 0.36% compared to the end of the previous year[6] - The total assets of Nanjing Securities amounted to CNY 23,416,615,536.66 as of September 30, 2018, a slight decrease from CNY 23,501,546,945.82 at the beginning of the year[13] - The company's total liabilities decreased to CNY 12,771,879,834.88 from CNY 14,101,292,180.82, indicating a reduction in short-term financing[12] - Total liabilities decreased to CNY 12,187,978,055.53 from CNY 13,170,969,961.14 at the beginning of the year, indicating a reduction of approximately 7.5%[19] Cash Flow - Cash flow from operating activities for the first nine months was CNY 263.94 million, a decline of 52.19% year-on-year[6] - The cash flow from operating activities decreased by 52.19% to CNY 263,943,104.87, primarily due to an increase in funds used for purchasing available-for-sale financial assets[12] - The net cash flow from operating activities for the first nine months of 2018 was CNY 263,943,104.87, down from CNY 552,015,591.16 in the previous year, indicating a decline of about 52.2%[29] - Total cash outflow from operating activities amounted to CNY 5,037,239,094.61, compared to CNY 2,765,777,105.18 in the same period last year, reflecting an increase of approximately 82.3%[29] - The company reported a net cash outflow from investing activities of CNY 191,983,971.07 for the first nine months of 2018, compared to a net outflow of CNY 15,386,636.67 in the same period last year[29] - Cash inflow from financing activities totaled CNY 2,727,135,800.00, an increase from CNY 1,912,330,000.00 in the previous year, representing a growth of approximately 42.6%[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 78,898[8] - The total equity attributable to shareholders increased to CNY 10,565,208,710.50 from CNY 9,366,633,186.64, reflecting a strong capital position[12] - The company’s total equity rose to CNY 10,489,711,822.76 from CNY 9,321,161,256.26, reflecting an increase of about 12.5%[19] Other Income and Expenses - The company's other income surged by 665.69% to CNY 18,300,000.00 from CNY 2,390,000.00, attributed to increased operational subsidies[12] - The company reported a significant increase in other income, totaling CNY 18,300,000.00 for the first nine months of 2018, compared to CNY 2,390,000.00 in the same period last year[21] - The total operating expenses for Q3 2018 were CNY 184.27 million, a decrease of 10.5% from CNY 205.99 million in Q3 2017[25] Investment Activities - The investment banking business fees increased by 75.12% to CNY 89,964,595.83 from CNY 51,373,517.84 year-on-year[12] - The long-term equity investment rose by 59.09% to CNY 385,905,964.23 from CNY 242,574,996.31, reflecting increased capital contributions to joint ventures[12] - The investment income for Q3 2018 was CNY 67.27 million, an increase of 77.0% compared to CNY 38.02 million in Q3 2017[25] Comprehensive Income - The company reported a total comprehensive income of CNY 68.75 million for Q3 2018, compared to CNY 89.21 million in Q3 2017, reflecting a decrease of 23.0%[27] - Other comprehensive income after tax for Q3 2018 was CNY 25.54 million, compared to CNY 13.20 million in Q3 2017, indicating an increase of 93.2%[27]

Financial Performance - The company's operating revenue for the first half of the year was CNY 637,171,877.18, a decrease of 6.30% compared to the same period last year[35]. - The net profit attributable to shareholders of the parent company was CNY 186,344,485.29, down 23.17% year-on-year[35]. - The net cash flow from operating activities was CNY 418,382,125.68, reflecting a significant decline of 63.92% compared to the previous year[35]. - Total assets increased to CNY 25,481,945,516.60, representing an 8.43% growth from the end of the previous year[36]. - The total liabilities rose to CNY 14,904,780,534.44, marking a 5.70% increase year-on-year[36]. - The basic earnings per share decreased to CNY 0.08, down 20.00% from the same period last year[37]. - The weighted average return on equity fell to 1.97%, a decrease of 0.63 percentage points compared to the previous year[37]. - The company's net capital at the end of the reporting period was CNY 8,411,363,528.32, an increase from CNY 7,416,833,648.53 at the end of the previous year[37]. - The liquidity coverage ratio was 628.14%, down from 742.43% at the end of the previous year[37]. Business Operations - The company continues to engage in various financial services including securities brokerage, investment banking, and asset management[41]. - The company's securities brokerage business generated revenue of 511.85 million RMB, with a gross margin of 65.23%, showing a decrease of 1.50% year-on-year[52]. - The investment banking business saw a significant increase in revenue, reaching 83.80 million RMB, up 104.75% year-on-year, with a gross margin of 57.23%[52]. - The company opened 10 new branches and relocated 2 existing offices during the reporting period, bringing the total number of securities business offices to 95[53]. - The company maintained a strong regional presence, with 49.47% of its branches located in Jiangsu province, which is one of the wealthiest regions in China[47]. Risk Management - The company faces significant risks including policy risk, market risk, credit risk, liquidity risk, and operational risk, which are closely tied to the domestic macroeconomic environment and capital market trends[7]. - The company's management emphasizes the importance of risk management strategies to mitigate potential impacts from market fluctuations and regulatory changes[7]. - The company has established a risk management system that includes sensitivity analysis and stress testing to assess market risk exposure[75]. - Credit risk is managed through strict client credit assessments and dynamic management of credit limits in financing and margin trading[77]. - The company has a liquidity risk control mechanism based on net capital and dynamic monitoring to ensure compliance with regulatory requirements[78]. Share Capital and Ownership - The registered capital of Nanjing Securities remained at CNY 2,473,999,503, while net capital increased to CNY 8,411,363,528.32 from CNY 7,416,833,648.53, reflecting a growth of approximately 13.4%[14]. - Nanjing Securities issued 27,502 million new shares on June 1, 2018, increasing total share capital to 2,749,019,503 shares, with the registration change pending completion[15]. - The total share capital increased from 2,473,999,503 shares to 2,749,019,503 shares after the issuance of 27,502,000 new shares[110]. - The proportion of limited sale shares decreased from 100% to 90% following the issuance of new shares[109]. - The largest shareholder, Nanjing Zijin Investment Group, holds 746,150,470 shares, accounting for 27.14% of the total shares[113]. Compliance and Governance - The board of directors and senior management affirm the accuracy and completeness of the financial report, taking responsibility for any misstatements or omissions[4]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties during the reporting period[7]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring stability in shareholding[88]. - The company will avoid and minimize related party transactions, ensuring fairness and transparency in all dealings[89]. - The company has confirmed that there are no legal or regulatory conflicts with its business operations, ensuring compliance with industry standards[89]. Community Engagement and Social Responsibility - The company reported a total funding of 54.86 million RMB for poverty alleviation efforts during the reporting period[98]. - A total of 18 registered impoverished individuals were helped to escape poverty through the company's initiatives[98]. - The company provided vocational skills training to 100 individuals as part of its employment transfer poverty alleviation efforts[99]. - The company has been recognized as an "Advanced Unit in Poverty Alleviation Work" by Tongxin County for its efforts in poverty alleviation[101]. - The company plans to continue its partnership with Tongxin County, focusing on industrial poverty alleviation and attracting more enterprises for local investment and project development[103]. Financial Instruments and Accounting Policies - The company adheres to the accounting policies and estimates as per the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[176]. - The company recognizes income, expenses, and profits from subsidiaries or businesses acquired during the reporting period in the consolidated profit statement[183]. - The company recognizes the difference between the disposal price and the net asset share of the subsidiary in the consolidated financial statements as other comprehensive income before losing control[186]. - Financial instruments include financial assets, financial liabilities, and equity instruments, classified at initial recognition based on the company's intent and ability to hold them[192]. - The company assesses the carrying value of financial assets at the balance sheet date for impairment[200].