海南海德资本管理股份有限公司 关于举办 2022 年度业绩说明会的公告 证券代码：000567 证券简称：海德股份 公告编号：2023-023号 2、现场会议 时间：2023 年 5 月 11 日（星期四）16:00-17:00 地址：北京市中国大饭店会议厅 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。 海南海德资本管理股份有限公司（以下简称"公司"）2022 年年度报告已于 2023 年 4 月 26 日披露。为了便于广大投资者更深入全面地了解公司情况，公司定于 2023 年 5 月 11 日（星期四）15:00-17:00 举办 2022 年度业绩说明会，现将有关事项公告如下： 一、会议时间、地点及方式 1、线上会议 时间：2023 年 5 月 11 日（星期四）15:00-15:45 网址：中国证券网路演中心（https://roadshow.cnstock.com/） 参与方式：参加线上会议的投资者于会议当天扫描下方二维码，参与本次活动。 公司董事长王广西先生，副董事长李镇光先生，董事、总经理梁译之先生，独立董事寇 日明先生，常务副总经理刘文栋先生， ...

证券代码：000567 证券简称：海德股份 海南海德资本管理股份有限公司 投资者关系活动记录表 编号：【2022】第 004 号 | --- | --- | |------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - Revenue for Q3 2022 reached ¥306,649,009.07, an increase of 90.47% compared to the same period last year[8] - Net profit attributable to shareholders was ¥220,083,612.09, up 98.44% year-on-year[8] - Basic earnings per share increased to ¥0.2367, reflecting a growth of 98.41% compared to the previous year[8] - Operating income for the first nine months of 2022 reached ¥786,433,713.89, a 100.33% increase year-on-year, driven by growth in asset management services[13] - Total operating revenue for Q3 2022 reached ¥786,433,713.89, a significant increase of 100.0% compared to ¥392,571,436.11 in the same period last year[36] - Net profit for Q3 2022 was ¥543,228,387.60, up 134.5% from ¥230,977,804.77 in Q3 2021[36] - The net profit attributable to the parent company for the current period is 543,228,387.60, compared to 230,977,804.77 in the previous period, representing an increase of approximately 134.5%[38] - Basic and diluted earnings per share for the current period are both 0.5843, up from 0.2485 in the previous period, indicating a growth of approximately 134.5%[38] - The total comprehensive income for the current period is 543,228,387.60, compared to 230,977,804.77 in the previous period, reflecting an increase of approximately 134.5%[38] Assets and Liabilities - Total assets as of the end of Q3 2022 amounted to ¥7,324,015,990.81, representing a 10.07% increase from the end of the previous year[8] - Total assets as of September 30, 2022, amounted to ¥7,324,015,990.81, an increase from ¥6,653,867,443.28 at the beginning of the year[32] - Current assets decreased to ¥1,703,780,565.97 from ¥2,486,002,853.63 at the start of the year, reflecting a decline of approximately 31.4%[29] - Non-current assets increased to ¥5,620,235,424.84, up from ¥4,167,864,589.65, representing a growth of about 34.8%[29] - Total liabilities rose to ¥2,325,945,870.44, compared to ¥1,912,436,630.16 at the beginning of the year, marking an increase of approximately 21.6%[32] - Short-term borrowings increased to ¥869,000,000.00 from ¥795,000,000.00, reflecting a rise of about 9.3%[32] - The company's capital reserve decreased to ¥3,064,166,887.58 from ¥3,352,679,403.58, a decline of approximately 8.6%[32] Cash Flow - Cash flow from operating activities showed a net outflow of ¥372,871,670.37, an improvement of 52.43% compared to the same period last year[13] - Cash inflow from operating activities for the current period is 1,829,329,320.83, compared to 1,492,569,264.40 in the previous period, reflecting an increase of about 22.5%[43] - Cash outflow from operating activities for the current period is 2,202,200,991.20, slightly down from 2,276,414,552.06 in the previous period, showing a decrease of approximately 3.3%[43] - The net cash flow from operating activities improved to -372,871,670.37 from -783,845,287.66 in the previous period, indicating a reduction in losses[43] - Cash inflow from financing activities for the current period is 507,582,934.86, down from 1,093,685,518.55 in the previous period, a decrease of about 53.7%[45] - The net cash flow from financing activities increased to 54,311,741.03 from 29,496,567.68 in the previous period, showing an improvement of approximately 84.3%[45] - The ending cash and cash equivalents balance is 132,462,806.47, down from 623,489,828.13 in the previous period, a decrease of about 78.7%[45] - The company's cash and cash equivalents dropped significantly to ¥130,259,882.58 from ¥478,783,542.55, a decrease of about 72.8%[29] Investments and Subsidiaries - The company invested RMB 50 million in Tibet Junfeng Digital Technology Co., acquiring a 51% stake, enhancing its capabilities in the consumer market and asset management[20] - The registered capital of Beijing Rainbow Sweet Orange Asset Management Co., Ltd. was increased from RMB 10 million to RMB 600 million, with the company contributing RMB 300.9 million[22] - The company established Shanxi Haide Investment Co., Ltd. with a registered capital of RMB 700 million, in which the company holds a 51% stake[23] - A joint venture, Beijing DeTai Energy Storage Technology Co., Ltd., was formed with a registered capital of RMB 1 billion, where the company holds a 49% stake[24] - The company aims to achieve substantial breakthroughs in energy storage business within one year and to enter the top tier of the industry within 5-8 years[24] Financial Expenses - The company reported a financial expense of ¥87,434,216.24, which increased from ¥69,542,219.46, indicating a rise of approximately 25.7%[36] - The company has not reported any net profit from subsidiaries prior to consolidation for both the current and previous periods[38]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 479,784,704.82, representing a 107.18% increase compared to CNY 231,578,002.47 in the same period last year[35]. - The net profit attributable to shareholders of the listed company reached CNY 323,144,775.51, a significant increase of 169.13% from CNY 120,068,140.61 in the previous year[35]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 317,115,840.21, up 171.31% from CNY 116,881,350.39 year-on-year[35]. - The basic earnings per share increased to CNY 0.3476, reflecting a growth of 169.04% compared to CNY 0.1292 in the same period last year[35]. - The company's operating revenue for the reporting period reached ¥479,784,704.82, representing a year-on-year increase of 107.18%, primarily due to the growth in asset management business revenue[62]. - The company reported a significant increase in tax expenses, up 138.00% to ¥32,991,768.98, due to a rise in total profit[62]. - The asset management segment accounted for 99.87% of total operating revenue, with a year-on-year growth of 106.94%[64]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 7,033,120,383.82, which is a 5.70% increase from CNY 6,653,867,443.28 at the end of the previous year[35]. - The net assets attributable to shareholders of the listed company were CNY 4,777,986,508.28, showing a slight increase of 0.77% from CNY 4,741,430,813.12 at the end of the previous year[35]. - Total liabilities increased from CNY 1,912,436,630.16 to CNY 2,255,133,875.54, which is an increase of about 17.9%[170]. - The company's total equity attributable to shareholders rose from CNY 4,741,430,813.12 to CNY 4,777,986,508.28, a slight increase of approximately 0.8%[170]. Cash Flow - The net cash flow from operating activities improved to -CNY 354,487,084.92, a 63.93% improvement from -CNY 982,723,495.29 in the same period last year[35]. - The cash flow from operating activities for the first half of 2022 was -¥354,487,084.92, an improvement from -¥982,723,495.29 in the same period of 2021[192]. - Cash outflow from operating activities also rose to 881,841,367.11 CNY, up from 416,541,815.01 CNY, resulting in a net cash flow decrease[44]. - The net cash flow from financing activities was negative at -291,463,491.79 CNY, contrasting with a positive flow of 153,691,166.67 CNY in the same period last year[44]. Investment and Business Strategy - The company invested 1.533 billion yuan in distressed asset management during the reporting period, with 1.35 billion yuan allocated to acquisition and restructuring, and 183 million yuan to acquisition and disposal[50]. - The company’s acquisition and restructuring business is expected to become the main business model in the distressed asset management industry, focusing on maximizing the interests of creditors and original shareholders[49]. - The company is actively expanding its asset management business and investing in the energy storage sector to enhance profitability and sustainable development[57]. - The market for distressed asset management is supported by national policies aimed at accelerating the disposal of non-performing assets, creating significant growth opportunities[50]. Shareholder Information - The largest shareholder, Yongtai Group Co., Ltd., holds 65.80% of the shares, totaling 611,753,443 shares, with a pledge status of 610,017,996 shares[145]. - The total number of restricted shares increased from 1,365,062 to 1,979,337 shares due to the capital reserve conversion[135]. - The total number of shares held by directors and senior management increased from 212,207 shares to 307,700 shares, reflecting a 45.0% increase due to capital reserve conversion[150]. Risk Management and Corporate Governance - The company has established a comprehensive risk management and internal control system to safeguard long-term healthy development[60]. - The company has a strong operational team with extensive experience in management and investment, which is considered a core competitive advantage[61]. - The company aims to enhance market competitiveness by leveraging its advantages in capital management and strategic layout[86]. - The company has established a rapid response and emergency handling mechanism to mitigate reputation risks[87].

证券代码：000567 证券简称：海德股份 海南海德资本管理股份有限公司 投资者关系活动记录表 编号：【2022】第 001 号 | --- | --- | --- | |-------------------------|------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's operating revenue for Q1 2022 was CNY 200,912,623.87, representing a 171.95% increase compared to CNY 73,879,340.41 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2022 was CNY 127,305,670.65, up 164.95% from CNY 48,048,692.42 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 131,096,555.14, reflecting a 158.20% increase from CNY 50,772,803.85 in the previous year[7]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.1986, marking a 165.15% increase from CNY 0.0749 in the previous year[7]. - Operating profit for the current period was ¥142,836,986.00, up from ¥55,270,430.86, reflecting a growth of 158.5%[29]. - Net profit for the current period was ¥127,305,670.65, compared to ¥48,048,692.42 in the previous period, marking an increase of 164.5%[32]. Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY -410,968,622.82, a significant decline of 864.32% compared to a net inflow of CNY 53,769,355.07 in the same period last year[7]. - Operating cash inflow for the period was $439,157,405.63, a significant increase from $113,022,808.51 in the previous period, reflecting a growth of approximately 288%[36]. - Cash outflow from operating activities totaled $850,126,028.45, compared to $59,253,453.44 in the prior period, indicating a substantial increase of around 1,336%[36]. - Net cash flow from operating activities was -$410,968,622.82, a decline from a positive $53,769,355.07 in the previous period[36]. - Cash inflow from investment activities was $536,465.34, down from $48,293,123.20 in the prior period, representing a decrease of approximately 99%[39]. - Net cash flow from investment activities was -$26,090,151.84, compared to a positive $40,630,868.47 in the previous period, indicating a significant decline[39]. - Cash inflow from financing activities was $390,303,900.00, down from $617,543,287.50 in the previous period, reflecting a decrease of about 37%[39]. - Net cash flow from financing activities was $362,523,755.26, a recovery from a negative $168,527,019.99 in the prior period[39]. - The ending cash and cash equivalents balance was $405,923,588.62, down from $1,223,315,536.94 in the previous period, indicating a decrease of approximately 67%[39]. Assets and Liabilities - Total assets at the end of Q1 2022 amounted to CNY 7,119,058,832.18, a 6.99% increase from CNY 6,653,867,443.28 at the end of the previous year[7]. - Total liabilities increased to CNY 1,492,857,645.60 from CNY 1,466,757,366.81, an increase of about 1.8%[22]. - The company reported a significant increase in financial liabilities, with long-term borrowings rising by 70.27% to CNY 756,000,000.00[12]. - Total assets increased to ¥7,119,058,832.18 from ¥6,653,867,443.28, indicating a growth of 7.0%[29]. - Total liabilities increased to ¥2,250,322,348.41 from ¥1,912,436,630.16, reflecting a rise of 17.6%[29]. - The total amount of current assets is CNY 2,351,568,482.08, down from CNY 2,486,002,853.63 at the beginning of the year, a decrease of approximately 5.4%[19]. - Total amount of non-current assets is CNY 4,767,490,350.10, up from CNY 4,167,864,589.65, an increase of about 14.4%[22]. Shareholder Information - Shareholders' equity attributable to the parent company was CNY 4,868,736,483.77, up 2.68% from CNY 4,741,430,813.12 at the end of the previous year[7]. - Total number of common shareholders at the end of the reporting period is 18,679[16]. - Total equity attributable to shareholders of the parent company rose to ¥4,868,736,483.77 from ¥4,741,430,813.12, an increase of 2.7%[29]. Expenses - Management expenses for the current period were ¥27,929,551.53, up from ¥22,429,436.01, reflecting a rise of 24.5%[29]. - Financial expenses increased to ¥28,596,187.19 from ¥20,960,656.35, marking a growth of 36.5%[29]. - Tax expenses for the current period were ¥13,729,876.33, compared to ¥5,461,510.00 in the previous period, indicating an increase of 151.5%[29]. - The company experienced a 613.67% increase in tax and additional fees, totaling CNY 924,660.08, primarily due to increased VAT payments[12]. - Cash paid for taxes was $26,682,847.36, up from $9,119,674.95 in the prior period, reflecting an increase of approximately 194%[36]. - The company reported a significant increase in cash paid to employees, totaling $36,496,424.42, compared to $19,366,856.45 in the previous period, marking an increase of about 88%[36]. Investment Income - The company reported a decrease in investment income, which dropped to zero from CNY 23,567,159.38 in the previous year, attributed to the disposal of long-term equity investments[12].

Financial Performance - The company's operating revenue for 2021 was CNY 666,544,561.01, representing a 113.79% increase compared to 2020[28] - The net profit attributable to shareholders for 2021 was CNY 383,362,569.62, which is a 199.96% increase from the previous year[28] - The basic earnings per share for 2021 was CNY 0.5979, reflecting a 200.00% increase compared to CNY 0.1993 in 2020[28] - The company reported a net profit excluding non-recurring gains and losses of CNY 384,473,758.45, a 196.94% increase from the previous year[28] - The company reported a net profit attributable to shareholders of ¥152.38 million in Q4 2021, up from ¥48.05 million in Q1 2021[33] - Net profit for 2021 reached 383.36 million yuan, marking a significant year-on-year growth of 199.96% and setting a historical high for two consecutive years[50] - The company reported a revenue of 618.06 million yuan for the year, representing a year-on-year growth of 115.75%[111] - The net profit for the company was 431.45 million yuan, showing a significant increase of 188.71% compared to the previous year[111] Cash Flow and Assets - The net cash flow from operating activities was negative CNY 955,327,781.65, a decline of 556.11% compared to the previous year[28] - The net cash flow from operating activities was negative in Q2 2021 at approximately -¥1.04 billion, contrasting with positive cash flows in other quarters[33] - The total amount of cash and cash equivalents decreased by ¥816,459,068.09, reflecting a dramatic decline of 82,297.42%[84] - The total amount of cash outflows from operating activities increased by 808.38% to ¥4,276,939,321.63, mainly due to increased cash payments for purchasing debt assets[84] - The company reported a total procurement amount from the top five suppliers of ¥4,086,481,258.04, which accounted for 99.75% of the annual total procurement[78] - The company’s leverage ratio is approximately 0.4, indicating significant room for business expansion compared to other asset management companies with leverage ratios of 5-6[49] - Total assets increased by 9.28% year-on-year to approximately ¥6.65 billion at the end of 2021[30] - Net assets attributable to shareholders rose by 8.80% year-on-year to approximately ¥4.74 billion at the end of 2021[30] Business Strategy and Focus - The company has shifted its main business focus to capital operation and management, as well as investment and financing research and consulting[27] - The company’s acquisition and restructuring business is expected to account for over 60% of total revenue from distressed asset management[48] - The company operates in a sector with substantial growth potential due to increasing distressed assets driven by economic transformation and structural adjustments[49] - The company aims to enhance its core competitiveness and industry influence by focusing on capital management and asset management, particularly in promising sectors like energy storage and new energy[120] - The company is positioned to benefit from the increasing supply of distressed assets due to the current economic downturn[115] - The company anticipates significant opportunities in the distressed asset management sector in the coming years[118] Governance and Management - The company maintains a completely independent business structure from its controlling shareholders, with clear separation in operations, personnel, assets, and finances[146] - The company has established a robust governance structure with specialized committees, including a strategy committee and an audit committee, to enhance decision-making processes[140] - The company has a dedicated financial department and independent accounting system, ensuring autonomous financial decision-making without interference from controlling shareholders[148] - The independent directors have conducted thorough reviews of financial audits and executive appointments, playing a crucial role in corporate governance[141] - The company has established strategic cooperation agreements with China Orient Asset Management Co., Ltd. in Guangxi[184] - The company has a clear and independent organizational structure, with all management personnel working solely for the company[146] Future Outlook and Plans - The company plans to distribute cash dividends of ¥4.47 per 10 shares, totaling ¥286,589,099.92, which represents 100% of the profit distribution[193] - Over the next three years, the company plans to implement five measures to expand its capital and asset management categories, aiming for a significant increase in management scale and performance[121] - In 2022, the company targets a substantial increase in net profit and aims to elevate its asset management scale to a new level, focusing on three main areas: distressed asset management, quality asset operation, and capital management[122] - The company will explore innovative development areas and leverage technology to expand personal non-performing loan transfer business, while also establishing private equity and industry funds[125] Risk Management - The company recognizes potential risks including policy, market, competition, and reputation risks, and is committed to proactive measures to mitigate these risks[126][127][128][129] - The company emphasizes the importance of systematic management of existing projects to accelerate capital recovery and enhance project risk control[125] - The internal control system is reported to be effective, with no significant deficiencies identified during the evaluation[198] - Multiple internal management systems were revised during the reporting period, including the management measures for dispatched directors and supervisors, and the rules for board meetings[199] Employee and Compensation - The total number of employees at the end of the reporting period was 66, with 30 in business roles and 32 holding master's degrees or higher[188] - The total compensation for the current board members and senior management is 212,207 thousand[154] - Total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1,832.15 million[172] - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[197]

Financial Performance - The company's operating revenue for Q3 2021 was ¥160,993,433.64, representing a 97.91% increase year-over-year[4]. - Net profit attributable to shareholders for Q3 2021 reached ¥110,909,664.16, a significant increase of 188.76% compared to the same period last year[4]. - The net profit after deducting non-recurring gains and losses was ¥109,645,779.84, reflecting a 163.90% increase year-over-year[4]. - The basic earnings per share for Q3 2021 was ¥0.1730, an increase of 188.81% year-over-year[4]. - Total operating revenue for the current period reached ¥392,571,436.11, a significant increase of 64.1% compared to ¥239,157,802.13 in the previous period[33]. - Net profit for the current period was ¥230,977,804.77, representing a 99.5% increase from ¥115,703,987.91 in the previous period[33]. - Earnings per share (EPS) for the current period was ¥0.3603, compared to ¥0.1805 in the previous period, indicating a 100% increase[37]. Assets and Liabilities - The total assets as of the end of Q3 2021 amounted to ¥6,462,852,077.05, which is a 6.14% increase from the end of the previous year[4]. - Total assets increased to ¥6,462,852,077.05 from ¥6,088,885,350.11, marking a growth of 6.1%[29]. - Total liabilities rose to ¥1,873,806,028.78, up from ¥1,730,817,106.61, reflecting an increase of 8.2%[29]. - Non-current liabilities totaled ¥816,175,573.27, compared to ¥579,914,293.29, indicating a significant increase of 40.8%[29]. - The company's total equity reached ¥4,589,046,048.27, up from ¥4,358,068,243.50, representing a growth of 5.3%[29]. Cash Flow - The company reported a net cash flow from operating activities of -¥783,845,287.66, a decrease of 853.30% compared to the same period last year[4]. - Operating cash inflow for the current period reached ¥1,492,569,264.40, a significant increase from ¥340,799,462.23 in the previous period[40]. - Cash outflow from operating activities totaled ¥2,276,414,552.06, compared to ¥423,023,713.19 in the prior period, resulting in a net cash flow from operating activities of -¥783,845,287.66[40]. - Cash received from interest, fees, and commissions was ¥295,650,433.99, a substantial increase from ¥69,410,474.34 in the prior period[40]. - The company's cash and cash equivalents at the end of the period decreased to ¥623,489,828.13 from ¥1,067,099,603.35 in the previous period[43]. Investments and Subsidiaries - The company recorded a significant increase in debt investment, reaching ¥2,820,031,666.54, which is a 271.26% increase compared to the previous year[12]. - The company established a new subsidiary in Sichuan Province for asset management, approved by the local financial supervision authority[20]. - The company received approval for its subsidiary to participate in a bad loan transfer pilot program, enhancing its asset management capabilities[19]. - A strategic cooperation agreement was signed with China Orient Asset Management for collaboration in distressed asset management and other financial services[20]. Shareholder Information - The top shareholder, Yongtai Group, holds 65.80% of the shares, with a total of 421,898,926 shares[16]. - The second-largest shareholder, Hainan Xiangyuan Investment Co., Ltd., holds 7.64% of the shares, totaling 49,000,049 shares[16]. - The company has a total of 21,548 common stock shareholders as of the reporting period[16]. Financial Expenses and Income - The company reported investment income of ¥24,878,311.14, an increase from ¥13,933,126.06, showing a growth of 78.5%[33]. - The company’s financial expenses for the current period were ¥67,740,492.95, compared to ¥61,736,096.81 in the previous period, reflecting an increase of 9.7%[33].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥231,578,002.47, representing a 46.74% increase compared to ¥157,809,839.32 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was ¥120,068,140.61, up 55.34% from ¥77,294,752.29 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥116,881,350.39, reflecting a 58.17% increase from ¥73,893,753.31 year-on-year[27]. - The basic earnings per share increased to ¥0.1873, a rise of 55.31% compared to ¥0.1206 in the same period last year[27]. - The company's operating revenue for the current period reached ¥231,578,002.47, representing a year-on-year increase of 46.74% compared to ¥157,809,839.32 in the same period last year[56]. - The revenue from asset management services was ¥231,550,859.61, which accounted for 99.99% of total operating revenue, showing a 46.76% increase year-on-year[59]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,406,342,252.37, which is a 5.21% increase from ¥6,088,885,350.11 at the end of the previous year[27]. - The company's total assets reached approximately 6.406 billion yuan, an increase of 5.21% compared to the end of the previous year[45]. - The company's total liabilities increased to approximately CNY 1.93 billion, compared to CNY 1.73 billion at the end of 2020, marking an increase of about 11.5%[190]. - The company's equity attributable to shareholders rose to approximately CNY 4.48 billion, up from CNY 4.36 billion, indicating an increase of about 2.8%[190]. - The company reported a significant increase in debt investments, which rose to approximately CNY 2.78 billion from CNY 759.58 million, reflecting a growth of about 265.5%[187]. - The company's long-term borrowings increased to ¥814,823,786.61, up 3.20% from ¥579,914,293.29, due to new long-term loans obtained from financial institutions[64]. Cash Flow - The company reported a significant negative cash flow from operating activities of -¥982,723,495.29, compared to -¥126,418,746.68 in the same period last year, indicating a 677.36% decline[27]. - The net cash flow from operating activities was -¥982,723,495.29, a significant decline of 677.36% compared to -¥126,418,746.68 in the previous year, mainly due to increased expenditures in asset management[56]. - Investment activities generated a net cash flow of ¥78,323,664.29, a 634.09% increase from -¥14,664,781.70, attributed to the recovery of funds from the disposal of joint venture holdings[56]. - The company reported a net increase in cash and cash equivalents of -¥813,681,575.32, a decrease of 270.80% from -¥219,437,630.17, primarily due to increased expenditures in asset management[56]. Risk Management - The company has established a comprehensive risk management and internal control system to effectively prevent business and operational risks[51]. - The company is actively working to enhance its risk management and internal control systems to cope with the regulatory demands of the non-performing asset management industry[86]. - The company faces significant policy risks due to its operations in the non-performing asset management industry, which is closely tied to macroeconomic policies and regulatory changes[84]. - The competitive landscape in the non-performing asset management sector is intensifying, with increased competition from state-owned and foreign asset management firms[85]. - The company acknowledges the risk of profit volatility, as its earnings are highly correlated with macroeconomic conditions and the industry has a long profit cycle[87]. Shareholder and Corporate Governance - The company emphasizes the protection of shareholder and creditor rights, ensuring compliance with relevant laws and maintaining transparent communication with stakeholders[103]. - The company has committed to avoiding competition with its affiliate, ensuring that any real estate development projects will be communicated to the affiliate for priority selection[111]. - The company has pledged to minimize related party transactions and ensure compliance with legal regulations regarding such transactions[111]. - The company has committed to providing accurate and complete information regarding major asset restructuring, holding responsibility for any misleading statements[112]. - The company has established a long-term commitment to maintaining the independence of its personnel and organizational structure[113]. Employee and Management - The company has implemented a long-term incentive mechanism to enhance employee motivation and management capabilities[48]. - The company plans to improve its talent acquisition strategies to address the increasing demand for skilled professionals in the non-performing asset management sector[90]. - The company reported a significant increase in employee compensation payable, rising to ¥7,543,436.82 from ¥667,436.82, an increase of approximately 1,030%[198]. Legal and Compliance - The company is involved in ongoing litigation related to debt recovery, with a total claim amount of 400 million yuan and 36 million yuan in separate cases[134]. - The company has not reported any penalties or rectification measures during the reporting period[138]. - The semi-annual financial report has not been audited[130]. Social Responsibility - The company has committed to social responsibility initiatives, including poverty alleviation efforts in Tibet and disaster relief contributions during severe flooding in Henan[107].

Financial Performance - The company's operating income for 2020 was CNY 311,777,480.41, representing a 1.46% increase from CNY 307,282,377.08 in 2019[24] - Net profit attributable to shareholders for 2020 was CNY 127,803,689.76, a 15.82% increase compared to CNY 110,344,959.28 in 2019[24] - The net cash flow from operating activities improved significantly to CNY 209,451,390.60, a 129.63% increase from a negative cash flow of CNY -706,770,834.34 in 2019[24] - Basic earnings per share for 2020 were CNY 0.1993, up 15.80% from CNY 0.1721 in 2019[24] - Total assets at the end of 2020 were CNY 6,088,885,350.11, reflecting a 1.13% increase from CNY 6,020,868,402.16 at the end of 2019[24] - The company's net assets attributable to shareholders increased by 3.02% to CNY 4,358,068,243.50 from CNY 4,230,264,553.74 in 2019[27] - The weighted average return on net assets for 2020 was 2.98%, an increase of 0.34 percentage points from 2.64% in 2019[24] Business Strategy and Focus - The company has shifted its main business focus to capital operations and management, including investment and financing research, consulting, and mergers and acquisitions[22] - The company plans to accelerate the establishment of regional branches and strengthen market competitiveness through partnerships with financial institutions[104] - The company will focus on debt restructuring for key enterprises in strategic emerging industries and those with high debt burdens[104] - The company aims to actively participate in various types of asset-backed securities (ABS) related to non-performing assets[104] - The market-oriented debt-to-equity swap business will be a key focus, helping companies optimize financing structures and reduce financial burdens[105] Market and Industry Insights - The non-performing asset market in China is estimated to have reached nearly ¥4 trillion, indicating significant growth potential for the company[42] - The total asset management scale of non-bank financial institutions was approximately CNY 65.89 trillion, indicating a significant market for non-performing assets[101] - The establishment of the fifth national AMC in China reflects the expanding market space for the non-performing asset industry[101] - The company anticipates a growing demand for non-performing asset risk resolution as the overall scale of non-performing assets continues to rise[101] Corporate Governance and Compliance - The company has committed to maintaining the independence of its operations and financials post-transaction, ensuring no competition with its controlling shareholder[128] - The company has a long-term commitment to fulfill its promises regarding avoiding competition and maintaining independence[128] - The company has established a framework to ensure that its executive actions align with shareholder interests and regulatory requirements[140] - The company has not engaged in any illegal activities related to land use or real estate market manipulation, ensuring compliance with relevant laws and regulations[137] Social Responsibility and Community Engagement - The company donated 3 million yuan and 1,500 masks to support COVID-19 prevention efforts[188] - The company signed a precision poverty alleviation agreement with the local government in Tibet to assist in poverty alleviation efforts[188] - The company invested 1 million RMB in poverty alleviation efforts in 2020, focusing on industrial development to help local impoverished populations achieve stable employment[190] - The poverty alleviation project led to the complete eradication of poverty in Rongma Township and the exit of Naqu City from the list of impoverished counties[190] Risks and Challenges - The company faces risks from policy changes, market competition, operational challenges, and profit volatility due to the cyclical nature of the industry[112][113][114][116] - The company is facing a talent shortage risk in the financial industry, which may adversely affect business expansion if talent reserves do not meet development needs[118] Investments and Acquisitions - The company completed the acquisition of 100% equity in Beijing Rainbow Sweet Orange Asset Management Co., Ltd., with ownership split of 51% and 49% between the company and Haide Asset Management, respectively[68] - The company increased its long-term equity investments by ¥50,105,642.67 during the reporting period, primarily for managing non-performing assets[45] Financial Management - The company reported a loss of ¥1,865,878.44 from the stock of Guoguang Network, with no initial book value reported[86] - The total fair value change for the stock of Yozu Network was a loss of ¥1,999,036.00, with an initial investment of ¥4,138,056.00[86] - The company’s total financial assets at the end of the reporting period amounted to ¥2,130,727,379.01[82] Audit and Reporting - The company has appointed Lixin Certified Public Accountants as its auditor for the 2020 fiscal year, with an audit fee of 1.5 million yuan[150] - There were no significant accounting errors requiring retrospective restatement during the reporting period[148] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[144]