证券代码：000416 证券简称：*ST民控 公告编号：2023-37 民生控股股份有限公司 关于举办2022年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容 真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 民生控股股份有限公司定于 2023 年 6 月 7 日（周三）15:00-16:30 在全景网举办 2022 年度业绩说明会，本次年度业绩说明会将采用网 络远程的方式举行，投资者可登陆全景网"投资者关系互动平台" （https://ir.p5w.net）参与本次年度业绩说明会。 出席本次说明会的人员有：公司总裁、财务总监陈良栋先生、 独立董事吴革先生、董事会秘书刘畅女士。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业 绩说明会提前向投资者公开征集问题，广泛听取投资者的意见和建 议。 投资 者可于 2023 年 6 月 6 日（ 星期 二 ）15:00 前 访问 https://ir.p5w.net/zj/，或扫描下方二维码，进入问题征集专题页面。公 司将在 2022 年度业绩说明会上，对投资者普遍关注的问题进行回答。 欢迎广大投资者积极参与本次网上说明会。 （问题征 ...

和信会计师事务所（特殊普通合伙） 关于对《关于对民生控股股份有限公司 的关注函》的回复 深圳证券交易所上市公司管理一部： 贵部向民生控股股份有限公司（以下简称"民生控股"或"公 司"）下发的关注函《公司部关注函〔2023〕第 208 号 》已经收悉， 和信会计师事务所（特殊普通合伙）（以下简称"我们"或"会计 师"）对关注函所提及的需会计师说明或发表意见的问题进行了审 慎核查，现答复如下： 1.请说明报告期内典当业务收入确认政策及时点，是否与同行 业可比公司及以前年度存在重大差异。请年审会计师核查并发表明 确意见。 在合同开始日，本公司识别合同中存在的各单项履约义务，并 将交易价格按照各单项履约义务所承诺商品的单独售价的相对比例 分摊至各单项履约义务。在确定交易价格时考虑了可变对价、合同 中存在的重大融资成分、非现金对价、应付客户对价等因素的影响。 对于在某一时点履行的履约义务，本公司在客户取得相关商品 或服务控制权时点确认收入。在判断客户是否已取得商品或服务控 制权时，本公司考虑下列迹象： （1）本公司就该商品或服务享有现时收款权利，即客户就该商 品或服务负有现时付款义务。 公司回复： 根据《企业会计准则第 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥4,488,995.37, representing a 64.63% increase compared to ¥2,726,642.80 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥646,957.32, an improvement of 86.05% from a loss of ¥4,637,691.32 in the previous year[5] - The company's basic and diluted earnings per share improved to -¥0.0012 from -¥0.0087, marking an 86.21% increase[5] - The company reported a negative net profit for the fiscal year 2022, leading to a risk warning for delisting, with the stock code remaining 000416[12] - The total comprehensive income for Q1 2023 was a loss of CNY 1,308,269.40, an improvement from a loss of CNY 5,035,410.18 in the same quarter last year, reflecting a reduction in comprehensive losses by about 74.0%[21] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥4,062,245.92, a reduction of 86.44% compared to a net outflow of ¥29,957,792.21 in the same period last year[5] - The company's cash flow from operating activities was CNY 1,836,819.27, compared to CNY 700,748.69 in the previous period, showing a significant increase[22] - The total cash inflow from operating activities was 6,000,625.18, up from 5,180,922.29 in the previous year[23] - The total cash outflow from operating activities was 10,062,871.10, compared to 35,138,714.50 in the previous year, showing a reduction in cash outflow[23] - The net increase in cash and cash equivalents was -17,865,684.25, compared to -12,773,547.03 in the same quarter last year[24] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥901,949,591.53, a slight decrease of 0.50% from ¥906,483,631.22 at the end of the previous year[5] - The total liabilities increased, with contract liabilities rising by 94.54% to ¥1,656,965.38, primarily due to increased liabilities from the subsidiary's pawn business[9] - The company's total current assets as of March 31, 2023, amount to ¥729,852,797.86, a decrease from ¥742,943,015.03 at the beginning of the year[15] - The company's cash and cash equivalents stand at ¥36,266,083.25, down from ¥54,131,767.50 at the beginning of the year[14] - Total liabilities decreased to CNY 23,719,402.83 from CNY 26,945,173.12, indicating a reduction of about 12.5%[17] Shareholder Information - The controlling shareholder, China Oceanwide Holdings Group Co., Ltd., holds 119,981,428 shares, accounting for 22.56% of the total shares, with 100% of these shares pledged and frozen[12] - The top ten shareholders include several individuals and institutions, with the largest shareholder being China Oceanwide Holdings Group Co., Ltd.[12] - The company has a total of 37,318 common stock shareholders as of the report date[12] Investment Activities - The company received government subsidies amounting to ¥32,984.29 during the reporting period[7] - Cash inflow from investment activities totaled 138,396,411.12, significantly higher than 68,257,486.89 in the same period last year[24] - The net cash flow from investment activities was -9,589,605.34, a decline from the previous year's positive cash flow of 20,605,941.06[24] - The company reported a significant increase in cash received from investment recoveries, totaling 138,133,744.87, compared to 68,078,506.97 last year[23] Other Financial Metrics - The weighted average return on equity increased by 0.44 percentage points to -0.08% from -0.52% year-on-year[5] - The company reported a significant decrease in fair value changes, with a loss of ¥5,486,388.70, which is a 40.18% improvement from a loss of ¥9,172,018.58 in the previous year[9] - The total non-current assets include long-term equity investments valued at ¥32,254,539.46, slightly up from ¥31,794,866.35 at the beginning of the year[15] - Interest income rose to CNY 3,053,381.73, up from CNY 1,506,968.96, marking an increase of about 102.5% year-over-year[19] - Accounts receivable decreased to ¥1,463,880.85 from ¥1,761,620.84, indicating a decline of about 16.87%[15]

Financial Performance - The company's operating revenue for 2022 was ¥19,647,943.41, a decrease of 65.13% compared to ¥56,348,061.40 in 2021[22]. - The net profit attributable to shareholders for 2022 was -¥28,575,508.62, representing a decline of 309.98% from ¥13,608,655.64 in 2021[22]. - The cash flow from operating activities for 2022 was -¥28,033,239.28, a significant drop of 344.90% compared to ¥11,446,788.07 in 2021[22]. - The basic earnings per share for 2022 was -¥0.0537, down 309.77% from ¥0.0256 in 2021[22]. - Total assets at the end of 2022 were ¥906,483,631.22, a decrease of 5.14% from ¥955,626,214.14 at the end of 2021[22]. - The weighted average return on equity for 2022 was -3.27%, a decline of 4.79 percentage points from 1.52% in 2021[22]. - The company reported a net loss of -¥19,616,569.61 in Q4 2022, contributing to the overall negative performance for the year[26]. - The company recorded a total of ¥9,793,735.21 in gains from entrusted investment or asset management in 2022[27]. Business Operations - The company’s main business has changed from retail to financial services since its establishment[19]. - The pawn business generated revenue of CNY 16,229,687.44, accounting for 82.60% of total revenue, with a year-on-year decrease of 67.35%[38]. - The insurance brokerage business reported revenue of CNY 3,418,255.97, making up 17.40% of total revenue, down 48.56% from the previous year[38]. - The company has undergone multiple name changes and business focus shifts, with the current focus on pawn and insurance brokerage services[20]. - The company aims to expand its pawn and insurance brokerage businesses to improve market share while maintaining risk control[67]. Risk Management - The company faces various risks including strategic, credit, market competition, and potential delisting risks[4]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[22]. - The company has established a comprehensive risk management system to effectively coordinate business operations and risk control[36]. - Strategic risks have been identified, with plans to clarify development strategies for long-term growth[66]. - Credit risks are anticipated due to economic pressures, with measures in place to manage overdue loans and receivables[66]. Corporate Governance - The financial report was confirmed to be true, accurate, and complete by the board of directors and management[4]. - The company has established a sound corporate governance structure and internal control system, holding nine board meetings during the reporting period[72]. - The company has maintained independence in operations, personnel, assets, institutions, and finance relative to its controlling shareholder[74]. - The company has appointed independent directors from various prestigious institutions to enhance governance[86]. - The board of directors actively participated in meetings, with no directors missing two consecutive meetings, ensuring consistent governance[92]. Shareholder Information - The company plans to distribute a cash dividend of 0.3 yuan per 10 shares based on a total share capital of 531,871,494 shares as of December 31, 2021[104]. - The company has not proposed any cash dividend distribution plan for the reporting period despite having positive distributable profits[106]. - The total number of shares is 531,871,494, with 99.96% being unrestricted shares (531,641,098) and 0.04% being restricted shares (230,396)[166]. - The largest shareholder, China Oceanwide Holdings Group Co., Ltd., holds 22.56% of the shares, totaling 119,981,428[171]. - The company has 37,681 shareholders at the end of the reporting period, an increase from 37,318 in the previous month[170]. Employee and Management Information - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.79 million[90]. - The company has a total of 12 directors and supervisors, with 8 currently receiving remuneration[89]. - The company emphasizes competitive compensation and benefits for employees, with a performance-oriented pay structure[102]. - The company provides various training programs to support employee career development and skills enhancement[102]. - The company has a strong management team with diverse backgrounds in finance, law, and economics, which supports its strategic initiatives[81][82][83][84]. Legal and Compliance Issues - The company is currently involved in multiple legal disputes regarding its debts, with ongoing execution processes in various courts[133]. - The company has engaged in legal actions to recover debts, including applications for execution in various courts[133]. - The company has no violations regarding external guarantees during the reporting period[123]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[122]. - The company has not been penalized for environmental violations during the reporting period and promotes low-carbon and green operations[116]. Future Plans and Strategies - The company plans to enhance collection efforts in the pawn business and accelerate the disposal of overdue assets to recover funds[65]. - The company intends to actively and prudently develop investment businesses to boost performance[66]. - Cost control measures will be strengthened to reduce operational expenses[66]. - The company will focus on revitalizing underperforming or idle assets to enhance profitability[66]. - The company plans to actively seek investment opportunities and enhance income and profit through equity investments[67].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥8,023,441.58, a decrease of 57.24% compared to ¥18,764,077.32 in the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥4,882,220.32, representing a decline of 186.92% from a profit of ¥5,617,124.31 in the previous year[19]. - The basic earnings per share were -¥0.0092, down 186.79% from ¥0.0106 in the previous year[19]. - The company reported a significant increase in customer loans and advances, which rose to CNY 23,225,656.81 in the first half of 2022 from CNY 12,871,480.00 in the same period of 2021[143]. - The total comprehensive income for the first half of 2022 was a loss of CNY 3,317,518.48, compared to a comprehensive income of CNY 5,679,228.32 in the same period of 2021[138]. - The total profit for the first half of 2022 was a loss of CNY 6,296,096.61, compared to a profit of CNY 6,979,796.39 in the same period of 2021, indicating a significant decline in profitability[138]. Cash Flow and Assets - The net cash flow from operating activities was -¥35,067,818.80, which is a 127.58% increase in cash outflow compared to -¥15,408,888.14 in the same period last year[19]. - The company's total assets included cash and cash equivalents of 49,099,378.26 yuan, a decrease of 1.19 percentage points in proportion to total assets compared to the previous year[41]. - The total cash and cash equivalents at the end of the period was ¥49,099,378.26, down from ¥61,514,759.47 at the beginning of the period[144]. - The cash inflow from investment activities was ¥80,979,052.08, compared to ¥47,609,171.15 in the previous period, indicating a substantial increase[147]. - The company reported a significant increase in other receivables, totaling CNY 182,979,833.58 as of June 30, 2022, compared to CNY 182,979,081.84 at the beginning of the year[132]. Business Operations - The main business includes pawn services, with a focus on providing short-term financing for small and micro enterprises[27]. - Pawn business revenue was 6,418,634.71 yuan, down 58.46% year-on-year, attributed to difficulties faced by clients in repaying loans due to the impact of COVID-19 and macroeconomic conditions[37]. - Insurance brokerage business revenue decreased by 51.55% to 1,604,806.87 yuan, also impacted by the lingering effects of the pandemic and a reduction in market activities[37]. - The company plans to continue enhancing collection efforts on overdue loans in the second half of the year to improve income and reduce risks[28]. Legal and Compliance Issues - The company is currently involved in a bankruptcy liquidation application against Raymond Technology, with no substantial progress reported as of now[76]. - The company has been actively engaging in legal actions to recover outstanding debts, reflecting a strategic focus on financial recovery[79]. - The company has disclosed ongoing litigation matters that may impact its financial position, emphasizing the importance of monitoring legal risks[76]. - The company is committed to ensuring compliance with legal obligations and pursuing all available avenues for debt recovery[79]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The controlling shareholder, China Oceanwide Holdings Group Co., Ltd., holds 119,981,428 shares, representing 22.56% of the total shares, all of which are pledged and frozen[105]. - The total number of shares is 531,871,494, with 99.96% being unrestricted shares[110]. - The company reported a decrease in other comprehensive income of CNY 18,508,808.33 during the current period[160]. Risk Management - The company faced significant challenges in the first half of 2022, impacting its financial performance and operational metrics[19]. - Credit risk has increased as clients in the pawn and insurance brokerage sectors experience operational difficulties, leading to overdue payments[56]. - The company has low main business income and weak profitability, with potential for continued revenue and performance decline, raising delisting risk[57]. - The management highlighted the importance of risk awareness for investors regarding future plans and performance forecasts[4].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,726,642.80, a decrease of 72.16% compared to ¥9,792,416.78 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥4,637,691.32, representing a decline of 627.34% from a profit of ¥879,451.36 in the previous year[3] - The basic and diluted earnings per share were both -¥0.0087, a decline of 611.76% from ¥0.0017 in the previous year[3] - Net profit for Q1 2022 was a loss of CNY 4,751,304.86, compared to a profit of CNY 1,116,231.43 in Q1 2021, representing a significant decline[22] - Operating profit for Q1 2022 was a loss of CNY 7,231,398.29, compared to a loss of CNY 31,711.14 in the previous year[22] - Cash received from sales and services was CNY 700,748.69, a decrease of 87.4% compared to CNY 5,552,016.60 in Q1 2021[26] - Other comprehensive income after tax was a loss of CNY 284,105.32, contrasting with a gain of CNY 172,669.24 in the same period last year[23] Cash Flow - The net cash flow from operating activities was -¥29,957,792.21, a decrease of 62.89% compared to -¥18,391,291.79 in the same period last year[10] - Cash flow from operating activities showed a net outflow of CNY 29,957,792.21, worsening from a net outflow of CNY 18,391,291.79 in the same period last year[26] - The net increase in cash and cash equivalents was -¥12,773,547.03, an improvement from -¥20,427,830.38 year-over-year[27] - The ending balance of cash and cash equivalents was ¥48,741,212.44, up from ¥26,339,571.13, representing an increase of approximately 85%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥940,558,698.70, a decrease of 1.58% from ¥955,626,214.14 at the end of the previous year[3] - The company’s total liabilities decreased from 28,850,165.60 RMB to 20,199,745.93 RMB, a reduction of approximately 30%[18] - Total liabilities amounted to CNY 22,499,469.03, down from CNY 32,531,574.29 in the previous year, indicating a reduction of 30.9%[22] - Total current assets decreased from 813,886,963.16 RMB to 800,129,962.03 RMB, a reduction of about 1%[17] - The company’s total equity attributable to shareholders decreased to ¥891,872,653.21, down 0.55% from ¥896,794,449.85 at the end of the previous year[3] Investment Activities - The company reported a significant increase in investment cash flow, with a net inflow of ¥20,605,941.06, up 372.91% from ¥4,357,284.10 in the previous year[10] - Investment activities cash outflow totaled ¥47,651,545.83, a decrease from ¥51,326,698.69 in the previous year, representing a reduction of approximately 5%[27] - The company has not made any new investments in financial products due to asset defaults, with an outstanding principal of 20,737,000 RMB[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 34,021[12] - The largest shareholder, China Oceanwide Holdings Group, holds 22.56% of shares, totaling 119,981,428 shares, which are pledged and frozen[12] Other Financial Metrics - The weighted average return on equity was -0.52%, down 0.62 percentage points from 0.10% in the previous year[3] - The company experienced a substantial drop in sales expenses, which were ¥1,766,058.00, a decrease of 42.77% from ¥3,085,921.19 in the previous year[8] - The company recorded a significant reduction in tax expenses, with a total of -¥2,480,093.43, which is an increase of 116.00% compared to -¥1,148,180.58 in the previous year[8] - Cash paid for dividends, profits, or interest amounted to ¥1,143,000.00, down from ¥4,191,000.00, reflecting a decrease of approximately 73%[27] - Total cash outflow from financing activities was ¥3,400,944.57, compared to ¥6,409,993.15 in the previous year, showing a reduction of about 47%[27] Audit Status - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[28]

Financial Performance - The company's operating revenue for 2021 was ¥56,348,061.40, a decrease of 25.77% compared to ¥75,906,326.75 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥13,608,655.64, down 61.14% from ¥35,022,601.56 in 2020[19]. - The net cash flow from operating activities was ¥11,446,788.07, a significant decline of 87.58% from ¥92,154,360.51 in 2020[19]. - Basic earnings per share for 2021 were ¥0.0256, a decrease of 61.09% compared to ¥0.0658 in 2020[19]. - Total assets at the end of 2021 were ¥955,626,214.14, a decrease of 1.83% from ¥973,401,419.87 at the end of 2020[19]. - The net profit attributable to shareholders at the end of 2021 was ¥896,794,449.85, down 0.38% from ¥900,173,301.95 at the end of 2020[19]. - The company reported a weighted average return on equity of 1.52% for 2021, a decline of 2.42 percentage points from 3.94% in 2020[19]. - The fourth quarter of 2021 saw an operating revenue of ¥30,041,528.89, contributing significantly to the annual total[23]. - The company recorded a net profit attributable to shareholders of ¥6,637,743.56 in the fourth quarter of 2021[23]. - Non-operating income from government subsidies in 2021 amounted to ¥87,498.45, down from ¥189,719.79 in 2020[24]. Risk Management - The company emphasizes the importance of risk awareness among investors, highlighting potential risks including strategic, credit, market competition, and delisting risks[4]. - The company will enhance risk management and credit risk control mechanisms to mitigate potential losses from client defaults[78]. - The company recognizes the urgency of strategic transformation to adapt to new delisting regulations and aims to optimize its equity, asset, and business structures[74]. - The company has not experienced any major disruptive risk events in recent years, maintaining a focus on risk prevention[76]. - The company faces potential risks including strategic, credit, market competition, and securities investment risks, which could impact its performance[77]. Corporate Governance - The company has established a sound corporate governance structure and internal control system, ensuring compliance with relevant laws and regulations[81]. - The company held 7 board meetings during the reporting period, ensuring compliance with shareholder resolutions and enhancing information disclosure quality[82]. - The company maintained independence from its controlling shareholder in business, personnel, assets, organization, and finance, with no competition in the same product line[83]. - The company’s governance structure aligns with legal and regulatory requirements, with no significant discrepancies noted[82]. - The company’s independent directors and management team are committed to protecting the interests of minority shareholders[82]. - The company’s governance practices reflect a commitment to transparency and accountability, enhancing overall corporate governance standards[82]. Shareholder Information - The company reported a profit distribution plan, proposing a cash dividend of 0.30 RMB per 10 shares based on a total of 531,871,494 shares[4]. - The total number of shares for the dividend distribution was 531,871,494 shares, with the dividend distribution date set for June 10, 2021[116]. - The company has a clear cash dividend policy that aligns with its articles of association and shareholder resolutions[116]. - The cash dividend amount distributed was fully supported by the company's distributable profits, which were reported at approximately 244,992,153.34 yuan[116]. - The annual shareholder meeting had a participation rate of 22.75% and approved key reports and financial resolutions for the year 2020[84]. Employee and Management Information - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 442.95 million CNY[101]. - The company has a structured compensation system for senior management based on performance and industry benchmarks[100]. - The company has been actively expanding its management team with experienced professionals from various sectors[98]. - The company’s management team includes experienced professionals, with key positions held by individuals with extensive industry backgrounds[87]. - The total number of employees at the end of the reporting period was 47, with 17 in the parent company and 30 in major subsidiaries[110]. Legal and Compliance Matters - The company is currently involved in multiple legal proceedings regarding loan recoveries, including a case where 2.1 million yuan is being pursued through the Beijing Chaoyang District Court[138]. - The company has initiated lawsuits for loan recoveries totaling 6 million yuan and 1 million yuan, with ongoing enforcement actions in the courts[139][140]. - The company has established a legal framework for enforcing loan agreements, including provisions for late payment penalties[139]. - The company is committed to ensuring compliance with legal obligations related to loan agreements and debt recovery processes[139]. - The company has not reported any changes in the controlling shareholder during the reporting period[184]. Financial Management and Investments - The company reported a total of 24,743.44 million CNY in entrusted financial management, with 12,843.44 million CNY remaining due[163]. - The company has a total of 15,853.44 million CNY in high-risk entrusted financial management, with an actual profit of 1,021.35 million CNY during the reporting period[166]. - The company has a total of 372 million USD in bonds that are overdue for repayment, with plans to transfer these bonds at a minimum price of 78% of their face value[171]. - The company has invested 4,300 million CNY in a private equity fund that is currently in default, with 2,073.73 million CNY still outstanding as of the disclosure date[168]. - The company has reported a loss of 169 million CNY from a public fund investment during the reporting period[166]. Operational Challenges - The pawn business and insurance brokerage revenue both decreased due to the ongoing impact of the COVID-19 pandemic[35]. - The company faced increased competition in the pawn industry due to the entry of banks into the traditional market[28]. - The company plans to enhance its product differentiation and explore suitable business models to improve market competitiveness[28]. - The company anticipates a challenging external environment in 2022, with global economic growth slowing and ongoing impacts from the COVID-19 pandemic[71]. - The company actively engaged in extending loans and reducing interest rates for clients facing difficulties during the pandemic[32].

Financial Performance - The company's operating revenue for Q3 2021 was ¥7,542,455.19, a decrease of 54.72% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was ¥1,353,787.77, down 86.26% year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥1,776,216.65, a decline of 128.87% compared to the previous year[5] - The total revenue for the first nine months of 2021 was ¥26,306,532.51, a decrease of 44.12% compared to the same period in 2020[11] - Net profit for Q3 2021 was CNY 7,607,117.51, a decline of 72.6% from CNY 27,824,157.11 in Q3 2020[26] - Basic earnings per share for Q3 2021 was CNY 0.0131, down 73.0% from CNY 0.0487 in the previous year[27] - Other comprehensive income after tax was CNY -386,418.24, compared to CNY -735,569.84 in the previous year[26] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥10,596,047.32, a decrease of 108.91% compared to the same period last year[5] - Cash received from sales of goods and services was CNY 7,363,179.33, an increase of 58.9% compared to CNY 4,639,024.61 in the same period last year[28] - The net cash flow from operating activities was -10,596,047.32 CNY, a significant decrease compared to 118,948,455.72 CNY in the previous period[29] - Total cash inflow from investment activities was 90,525,615.38 CNY, while cash outflow was 64,016,648.60 CNY, resulting in a net cash flow of 26,508,966.78 CNY[29] - Cash and cash equivalents at the end of the period amounted to 35,716,469.60 CNY, down from 66,736,169.32 CNY at the end of the previous period[30] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥941,551,208.46, a decrease of 3.27% from the end of the previous year[5] - The total current assets as of September 30, 2021, amount to CNY 794,005,164.55, down from CNY 836,284,527.43 at the end of 2020, indicating a decrease of about 5.1%[21] - The total liabilities decreased to CNY 24,708,415.10 from CNY 47,823,180.96, reflecting a reduction of 48.3%[23] - The total assets decreased to CNY 941,551,208.46 from CNY 973,401,419.87, a decline of 3.3%[22] - The total liabilities increased to 47,823,180.96 CNY, with a notable rise in non-current liabilities to 19,217,946.74 CNY[35] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,868[14] - China Minmetals Holdings Co., Ltd. holds 22.56% of the shares, totaling 119,981,428 shares, with 99.99997% of these shares pledged and frozen[16] - The company's major shareholder, China Minmetals, is facing judicial auction of its shares, which could impact the company's stock stability[17] Investments and Other Financial Metrics - The net cash flow from investment activities for the first nine months was ¥26,508,966.78, an increase of 130.18% compared to the previous year[12] - The company reported an increase in other receivables from CNY 2,501,827.33 to CNY 4,261,342.60, which is an increase of approximately 70.4%[21] - The company reported a significant decrease in accounts receivable by 29.21% to ¥8,319,592.24 compared to the end of 2020[10] - The company executed the "new leasing standard," resulting in an increase in right-of-use assets by ¥13,306,777.50[10] - The company reported an investment income of CNY 15,918,507.42, an increase of 20.9% from CNY 13,181,080.64 year-on-year[25] Operational Challenges - The company's cash and cash equivalents decreased from CNY 46,767,401.51 at the end of 2020 to CNY 35,716,469.60 by September 30, 2021, representing a decline of approximately 23.8%[20] - The cash flow from operating activities showed a significant negative shift, indicating potential operational challenges[29] - The company is adapting to new leasing standards, which has impacted the financial statements and asset valuations[31]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥18,764,077.32, a decrease of 38.32% compared to ¥30,421,601.63 in the same period last year[20]. - The net profit attributable to shareholders was ¥5,617,124.31, down 65.04% from ¥16,068,916.56 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was -¥878,499.94, a decline of 110.27% compared to ¥8,555,345.71 in the previous year[20]. - The net cash flow from operating activities was -¥15,408,888.14, a significant drop of 123.44% from ¥65,742,120.72 in the same period last year[20]. - Basic earnings per share decreased by 64.90% to ¥0.0106 from ¥0.0302 in the previous year[20]. - The company's consolidated revenue for the first half of 2021 decreased by 38.32% year-on-year, amounting to ¥18,764,077.32, primarily due to a significant drop in the pawn business revenue[33]. - The pawn business revenue fell by 44.80% year-on-year, contributing ¥15,451,768.15, which accounted for 82.35% of total revenue[38]. - The insurance brokerage business saw a revenue increase of 38.05% year-on-year, reaching ¥3,312,309.17, representing 17.65% of total revenue[38]. - The company's net profit attributable to shareholders decreased by 65.04% compared to the previous year[33]. - The net cash flow from operating activities was negative at -¥15,408,888.14, a decline of 123.44% year-on-year[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥942,358,794.28, down 3.19% from ¥973,401,419.87 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 1.20% to ¥889,400,441.88 from ¥900,173,301.95 at the end of the previous year[20]. - Cash and cash equivalents decreased to 27,432,767.03, down 1.89 percentage points from the previous year[45]. - Accounts receivable fell to 7,242,504.96, a decrease of 0.44 percentage points year-on-year[45]. - Long-term equity investments increased to 30,142,080.72, up 0.19 percentage points from the previous year[45]. - The company reported a significant increase in lease liabilities to 14,938,285.15, attributed to the implementation of new leasing standards[46]. - Trading financial assets rose to 236,449,821.08, an increase of 1.03 percentage points compared to the previous year[46]. - The total liabilities of Minsheng Holdings were CNY 27,057,471.87, down from CNY 47,823,180.96, indicating a reduction of approximately 43.5%[142]. - The company's equity attributable to shareholders decreased from CNY 900,173,301.95 to CNY 889,400,441.88, a decline of about 1.6%[142]. Business Operations - The main business includes pawn services, with a significant portion of the business volume coming from real estate pawning[28]. - The company operates in Beijing and Chengdu, serving individual and small enterprise clients[28]. - The company implemented 22 online marketing promotions in the first half of 2021, focusing on popular insurance products to accumulate potential customer resources[34]. - The company plans to introduce strategic investors by selling part of its insurance brokerage subsidiary's equity to enhance market integration[34]. - The company is focusing on risk management and compliance to ensure the healthy development of its insurance brokerage business amid increased regulatory scrutiny[30]. - The company's pawn business revenue for the first half of the year was 15,451,768.15, a decrease of 44.80% year-on-year, primarily due to the lingering effects of COVID-19 and increased competition in the inclusive finance sector[41]. - The insurance brokerage business achieved revenue of 3,312,309.17, representing a year-on-year growth of 38.05%, attributed to enhanced market expansion efforts[41]. Legal and Compliance - The total number of regulatory penalties in the insurance industry reached 827, with fines totaling ¥113,696,500, impacting the insurance brokerage sector[30]. - The company has no significant litigation or arbitration matters during the reporting period[84]. - The company is currently involved in ongoing litigation processes with no substantial progress reported[85]. - The company has filed for execution of a mediation agreement in the Beijing Chaoyang District People's Court[86]. - The company reported a total of 21 million yuan in litigation-related amounts, with no expected liabilities formed[83]. - The court ruled that the defendant must repay the plaintiff 10 million yuan and pay a penalty calculated at an annual interest rate of 24%[83]. Investment Activities - Investment income and fair value changes accounted for 5,934,328.87, making up 85.03% of total profit, primarily from investments in trusts and bonds[43]. - The company holds a trust product with an initial investment cost of CNY 100 million, with a current fair value of CNY 102.27 million, resulting in a loss of CNY 3.43 million[52]. - The investment in private equity funds was CNY 43 million, with a fair value of CNY 43.16 million, showing a minor loss of CNY 10.51 thousand[52]. - The company has not engaged in derivative investments during the reporting period[56]. - The company is focusing on high-risk entrusted wealth management products, which are not guaranteed and have lower liquidity[112]. - The company has a strategy to expand its investment in private equity funds, particularly in real estate and other asset management products[113]. Shareholder Information - The company reported a total of 531,871,494 shares outstanding, with 99.96% being unrestricted shares[122]. - As of the end of the reporting period, the controlling shareholder, China Oceanwide Holdings Group Co., Ltd., had pledged 119,981,393 shares, accounting for 99.99997% of its total holdings[117]. - The total number of ordinary shareholders at the end of the reporting period was 31,022[126]. - The company’s major shareholder, China Oceanwide, has a shareholding ratio of 22.56%[126]. - The company has not reported any significant changes in the measurement attributes of its major assets during the reporting period[48]. Financial Reporting - The financial report for the first half of 2021 was not audited[137]. - The company’s accounting policies are aligned with the relevant accounting standards, ensuring accurate financial reporting[190]. - The company has three subsidiaries included in the consolidated financial statements as of the reporting date[185]. - The financial statements are prepared based on the going concern assumption, indicating no significant issues affecting the company's ability to continue operations[188].

Financial Performance - The company's operating revenue for Q1 2021 was ¥9,792,416.78, a decrease of 23.35% compared to ¥12,775,154.20 in the same period last year[8] - The net profit attributable to shareholders was ¥879,451.36, representing a significant decline of 87.55% from ¥7,065,686.18 year-on-year[8] - The net profit after deducting non-recurring gains and losses was -¥463,849.96, a decrease of 115.52% compared to ¥2,988,411.18 in the previous year[8] - Basic earnings per share were ¥0.0017, a drop of 87.22% from ¥0.0133 year-on-year[8] - The company reported a total comprehensive income of CNY 1,288,900.67, significantly lower than CNY 8,198,042.07 in the same quarter last year, reflecting a decrease of about 84.3%[49] - The company reported a total profit for Q1 2021 of CNY -31,949.15, a stark contrast to CNY 8,066,735.19 in the previous year, reflecting a decline of approximately 100.4%[48] Cash Flow - The net cash flow from operating activities was -¥18,391,291.79, down 155.02% from ¥33,425,422.68 in the same period last year[8] - Cash inflows from operating activities totaled CNY 14,596,319.39, slightly down from CNY 15,330,009.35 in the same period last year, a decrease of about 4.8%[55] - The net cash flow from financing activities was -6,409,993.15, compared to -2,958,236.63 in the previous period[57] - The ending balance of cash and cash equivalents was 26,339,571.13, down from 95,955,476.85 in the previous period[57] - The company experienced a net decrease in cash and cash equivalents of 20,427,830.38, compared to an increase of 38,732,538.64 in the previous period[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥959,607,041.38, a decrease of 1.42% from ¥973,401,419.87 at the end of the previous year[8] - Total liabilities decreased to CNY 32,739,901.79 from CNY 47,823,180.96[41] - Owner's equity totaled CNY 926,867,139.59, slightly up from CNY 925,578,238.91[42] - Current liabilities decreased to CNY 15,827,612.15 from CNY 47,628,092.57[41] - The total liabilities were not explicitly stated in the provided documents, but the financial health indicators suggest a need for careful monitoring of liquidity and asset management[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,174[12] - The largest shareholder, China Oceanwide Holdings Group Co., Ltd., held 22.56% of the shares, amounting to 119,981,428 shares[12] Investment Activities - The company reported a total of 21,299.90 million CNY in entrusted financial management, with 10,000 million CNY in trust financial products and 5,000 million CNY in bank financial products[26] - The company has a total of 4,300 million CNY in private equity investments, with an expected return rate of 8.80%[29] - The company reported a loss of 93.12 million CNY in other securities investments, bringing the total to 20,825.86 million CNY at the end of the period[22] - The company has engaged in high-risk entrusted financial management, with specific amounts and returns detailed in the report[28] Compliance and Governance - There were no reported instances of non-compliance with external guarantees during the reporting period[32] - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[33] - The company is focused on maintaining compliance with regulatory requirements and managing its financial products effectively[31] - The report was approved by the chairman on April 29, 2021[68]