Financial Performance - Total revenue for 2021 reached ¥7,477,801,881.89, an increase of 13.14% compared to ¥6,609,613,343.83 in 2020[35]. - Net profit attributable to shareholders was ¥1,623,994,253.62, reflecting a growth of 21.80% from ¥1,333,325,683.24 in the previous year[35]. - Operating cash flow increased significantly by 85.89% to ¥4,309,580,415.93 from ¥2,318,368,435.84 in 2020[35]. - The total assets at the end of 2021 amounted to ¥80,131,868,330.60, a 16.66% increase from ¥68,685,835,383.56 in 2020[35]. - The company's total liabilities rose by 19.84% to ¥61,443,858,762.29 from ¥51,272,623,429.33 in the previous year[35]. - Basic earnings per share for 2021 were ¥0.69, up 21.05% from ¥0.57 in 2020[35]. - The weighted average return on equity improved to 9.37%, compared to 8.28% in 2020[35]. - The total equity attributable to shareholders at the end of 2021 was ¥18,045,198,014.55, an increase of 8.25% from ¥16,669,364,706.11 in 2020[35]. - The company reported a significant increase in cash flow from operating activities for the parent company, reaching ¥3,078,604,203.16, up 16.28% from ¥2,647,571,389.01 in 2020[36]. - Total assets increased to ¥58,974,593,197.81, a growth of 10.73% compared to ¥53,258,023,249.37 last year[44]. Risk Management - The company emphasizes a comprehensive risk management system to address market, credit, liquidity, reputation, compliance, operational, and money laundering risks[3]. - The company has established a scientific risk identification, assessment, response, monitoring, and reporting mechanism to ensure controllable operational risks[5]. - The company is committed to compliance and effective risk control, ensuring stable operations across all business lines[55]. - The company has integrated reputation risk management into its overall risk management framework, ensuring proactive identification and control of reputation risks[153]. - The company has established a comprehensive credit risk management system, utilizing internal credit ratings and various assessment methods to identify and control credit risks effectively[151]. - The company has implemented a robust operational risk management framework, including self-assessment, loss databases, and key risk indicators to preemptively warn of significant risk events[156]. - The company is enhancing its risk management framework, focusing on market, credit, liquidity, and operational risks to ensure sustainable business development[149]. Corporate Governance - The company operates independently with no controlling shareholder, ensuring asset, personnel, financial, and operational independence[168][169][170][171][172][173]. - The governance structure includes a clear separation of powers among the board, supervisory board, and management, ensuring effective operational mechanisms[52]. - The company has established a mature corporate governance structure, ensuring effective separation and balance among the shareholders' meeting, board of directors, supervisory board, and management[159]. - The company has revised multiple governance documents to strengthen its operational framework and compliance management[160]. - The company received multiple awards, including the "Excellent Board Award" and the "Gold Quality - Corporate Governance Award" for its governance practices[162]. - The company has maintained a consistent governance structure with no significant changes in management personnel during the reporting period[178]. - The board's diverse skill set is expected to support the company's strategic initiatives and market expansion efforts[182]. Business Operations - The company operates in various securities-related businesses, including securities brokerage, investment consulting, and securities underwriting[16]. - The company has established 141 branches across 68 major cities in 28 provinces, enhancing its marketing network and customer resource base[55]. - The company aims to focus on small and medium-sized innovative enterprises in investment banking and wealth management, enhancing its core competitiveness[47]. - The company is committed to building a comprehensive asset management service system, targeting financial institutions and wealth clients[50]. - The company has been authorized for stock option trading and settlement business by the Shanghai and Shenzhen Stock Exchanges[21]. - The company completed 8 sponsorship projects in 2021, including 2 IPO projects and 3 projects on the Beijing Stock Exchange, with a total underwriting amount of 4.893 billion yuan[77]. - The company added 23 new regional equity market listing projects and completed 12 projects submitted to the equity trading center in 2021[65]. Financial Technology and Innovation - The company is investing heavily in R&D, with a budget increase of 25% to enhance technology development[183]. - The company aims to enhance its wealth management and quantitative private equity services, focusing on customer-centric strategies and digital transformation[134]. - The company plans to strengthen its core business capabilities in wealth management, equity business, and quantitative private equity, integrating resources to improve service systems[136]. - The asset management division will focus on product innovation and digital transformation to meet customer needs and enhance compliance risk management[140]. Shareholder Engagement - The company has established a shareholder return plan for the years 2021 to 2023, indicating a commitment to returning value to shareholders[176]. - The first extraordinary general meeting of 2021 had an investor participation rate of 44.05% and approved two proposals related to donation management and related party transaction regulations[176]. - A total of 54 announcements were disclosed through various channels, ensuring timely and accurate information for investors[163]. - The company maintained effective communication with investors through multiple platforms, enhancing investor relations management[165]. Future Outlook - The company provided an optimistic outlook for Q4 2023, projecting revenue growth of 10% to 12%[183]. - New product launches are expected to contribute an additional 200 million in revenue in the next quarter[183]. - The company is considering strategic acquisitions to bolster its market position, targeting firms with complementary technologies[183]. - Future outlook indicates a focus on technological innovation and new product development to drive growth and improve service offerings[185].

Financial Performance - Total operating revenue for Q1 2022 was ¥799,071,341.44, a decrease of 38.38% compared to ¥1,296,797,080.83 in the same period last year[3] - Net profit attributable to shareholders was -¥259,094,224.64, representing a decline of 176.56% from ¥338,436,383.05 in the previous year[3] - The net cash flow from operating activities was ¥830,043,509.73, down 4.89% from ¥872,719,569.24 year-on-year[3] - The weighted average return on net assets was -1.45%, a decrease of 3.46% compared to 2.01% in the previous year[3] - The net interest income for the period was ¥54,370,694.20, an increase of 113.83% from ¥25,427,419.12 in the same period last year[7] - Other business income rose by 60.03% to ¥496,853,424.74 from ¥310,470,678.83 year-on-year[7] - The company reported a significant increase in credit impairment losses, amounting to ¥14,235,801.38, compared to a loss of -¥7,325,106.15 in the previous year[7] - Investment income for the current period was RMB 159,499,530.63, down from RMB 318,996,087.27 in the same period last year[24] - The net profit for Q1 2022 was -$219.93 million, a significant decrease compared to a net profit of $329.46 million in the same period last year, representing a decline of approximately 167%[25] - Total operating expenses increased to $1.07 billion in Q1 2022 from $872.08 million in Q1 2021, marking an increase of about 22%[25] - The company reported a significant loss in fair value changes amounting to -$549.27 million in Q1 2022, contrasting with a gain of $50.39 million in the same period last year[25] - The total comprehensive income for Q1 2022 was -$219.93 million, compared to $329.49 million in Q1 2021, indicating a decline of approximately 167%[26] - The basic and diluted earnings per share for Q1 2022 were both -$0.11, compared to $0.14 in Q1 2021, reflecting a decline of approximately 178%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥80,926,140,726.00, an increase of 0.99% from ¥80,131,868,330.60 at the end of the previous year[4] - The company's total liabilities increased by 30.20% to ¥8,208,297,693.38 from ¥6,304,615,114.27 at the end of the previous year[7] - The company's total liabilities reached RMB 62,477,632,708.75, compared to RMB 61,443,858,762.29 at the end of the previous year[23] - The company’s equity attributable to shareholders decreased to RMB 17,786,103,789.91 from RMB 18,045,198,014.55 at the end of the previous year[23] - The company reported a decrease in customer funds deposits to RMB 15,384,866,061.80 from RMB 16,994,654,083.07 year-on-year[22] - The company's cash and cash equivalents stood at RMB 21,922,202,932.36, down from RMB 22,205,138,158.83 at the end of the previous year[22] - Cash and cash equivalents at the end of Q1 2022 totaled $24.02 billion, an increase from $21.31 billion at the end of Q1 2021, representing a growth of approximately 12.7%[28] Shareholder Information - The total number of ordinary shareholders was not disclosed, but the top ten shareholders included major institutional investors[8] - The total number of common shareholders at the end of the reporting period was 96,261, with the largest shareholder, Jilin Yatai Group Co., Ltd., holding 30.81% of shares, amounting to 721,168,744 shares[9] - Jilin Province Trust Co., Ltd. held 11.80% of shares, totaling 276,073,582 shares, which are currently frozen[9] - The company’s total shares held by the top ten unrestricted shareholders amounted to 1,117,000,000 shares[10] - The top ten shareholders did not engage in any repurchase transactions during the reporting period[12] - The company has no preferred shareholders or related party transactions among the top shareholders[13][11] Business Operations - The company established one new business outlet during the reporting period, located in Chengdu, Sichuan, which officially opened in January 2022[16] - Two business outlets were relocated during the reporting period, with one in Putian and another in Zhuhai[17] - The company upgraded two business outlets, with one in Siping and another in Beijing, completed in February and March 2022 respectively[18] Financing Activities - The company issued three phases of short-term financing bonds, each with a scale of 1 billion RMB, with interest rates ranging from 2.49% to 2.64%[19] - The company completed the issuance of short-term corporate bonds totaling RMB 9 billion with a maturity of 361 days at an interest rate of 2.75% on January 17, 2022, and RMB 18.4 billion with a maturity of 3 years at an interest rate of 3.48% on March 25, 2022[20] - The company reported a total cash inflow from financing activities of $5.99 billion in Q1 2022, compared to $7.56 billion in Q1 2021, indicating a decrease of about 21%[28] Management Changes - The company experienced changes in its supervisory and senior management personnel during the reporting period, including resignations and new appointments[14][15]

Financial Performance - Total revenue for 2021 reached ¥7,477,801,881.89, an increase of 13.14% compared to ¥6,609,613,343.83 in 2020[34]. - Net profit attributable to shareholders was ¥1,623,994,253.62, reflecting a growth of 21.80% from ¥1,333,325,683.24 in the previous year[34]. - Operating cash flow for 2021 significantly increased by 85.89% to ¥4,309,580,415.93, compared to ¥2,318,368,435.84 in 2020[34]. - The total assets at the end of 2021 amounted to ¥80,131,868,330.60, a 16.66% increase from ¥68,685,835,383.56 at the end of 2020[34]. - The total liabilities increased by 19.84% to ¥61,443,858,762.29 from ¥51,272,623,429.33 in 2020[34]. - Basic earnings per share rose to ¥0.69, up 21.05% from ¥0.57 in 2020[34]. - The weighted average return on equity improved to 9.37%, compared to 8.28% in the previous year[34]. - The company's net capital at the end of 2021 was ¥13,120,712,498.88, a decrease of 11.57% from ¥14,837,136,549.23 in 2020[43]. - The net profit for the parent company was ¥1,176,156,561.71, down 11.29% from ¥1,325,843,612.81 in 2020[35]. - The total revenue for the parent company in 2021 was ¥3,757,340,165.89, a slight increase of 1.57% from ¥3,699,396,129.72 in 2020[35]. Risk Management - The company emphasizes a comprehensive risk management system to address market, credit, liquidity, and operational risks[3]. - The company has established a scientific risk identification and assessment mechanism to ensure controllable operational risks[5]. - The company encourages investors to maintain awareness of risks associated with forward-looking statements regarding development strategies and future plans[2]. - The company acknowledges various risks, including market, credit, liquidity, reputation, compliance, operational, and money laundering risks, which could impact its operations[139][140][141][142][143][144][145]. - To mitigate risks, the company is enhancing its comprehensive risk management system and adopting prudent strategies to manage market risks effectively[146][147]. - The company has established a comprehensive credit risk management system, utilizing internal credit ratings and various assessment methods to identify and control credit risks[148]. - The company actively monitors liquidity risk through real-time tracking of financing sources and quality liquid assets, ensuring liquidity indicators remain at safe levels[149]. - The company has integrated reputation risk management into its overall risk management framework, implementing systematic monitoring and reporting mechanisms to mitigate negative impacts[150]. - The company has maintained a strong compliance management system, achieving no major legal violations and being included in the "white list" of securities companies[151]. - The company has developed a robust operational risk management framework, including self-assessment, loss databases, and crisis management protocols[152]. Corporate Governance - The company has established a mature corporate governance structure, adhering to relevant laws and regulations to ensure effective operation[156]. - The company has revised multiple governance documents to strengthen its operational framework and compliance[157]. - The company held 3 shareholder meetings, 11 board meetings, and 6 supervisory meetings during the reporting period, demonstrating effective governance operations[159]. - The company disclosed a total of 54 announcements through various channels, ensuring timely and accurate information for investors[160]. - The company has established independent financial management systems, maintaining separate bank accounts and tax registrations, ensuring financial independence[168]. - The company received multiple awards for governance, including the "Excellent Board Award" and "Gold Quality - Corporate Governance Award" in 2021[159]. - The company emphasizes investor relations through various communication channels, including a dedicated investor relations section on its website and participation in investor events[161]. - The company has a complete and independent asset management system, ensuring no asset or fund misuse by the largest shareholder[166]. - The company has implemented a comprehensive corporate culture initiative, aligning its values with industry standards and promoting employee understanding of corporate culture[164]. - The company operates independently from its largest shareholder, with no shared management or financial resources[170]. Business Operations and Strategy - The company has undergone a change in its main business focus from oil and petroleum products to securities services since its listing[13]. - The company aims to focus on small and medium-sized innovative enterprises for investment banking and wealth management services[47]. - The company has established a comprehensive product and service system for asset management, targeting financial institutions and high-net-worth clients[50]. - The company is committed to optimizing its capital structure and enhancing its funding capabilities to support business development[53]. - The company’s wealth management business saw significant growth in high-net-worth and institutional clients, with a continuous increase in the volume of financial products sold, achieving a new high in market share for net income from sold financial products[57]. - The company is enhancing its digital transformation and financial technology capabilities to support its asset management and public fund businesses[94]. - The company plans to enhance its wealth management and quantitative investment capabilities, focusing on digital transformation and international market expansion[131]. - The company aims to strengthen its core business capabilities in wealth management, equity business, and quantitative private equity, while integrating resources for better customer service[133]. - The company plans to improve its fixed income investment business by enhancing research capabilities and maintaining a stable wealth creation model through innovative strategies[136]. - The company is focusing on alternative investments by deepening strategic partnerships and enhancing research capabilities in niche sectors[137]. Shareholder Engagement - The company has a structured plan for shareholder returns from 2021 to 2023, indicating a commitment to returning value to shareholders[173]. - The first extraordinary general meeting of 2021 had an investor participation rate of 44.0511% and approved 11 proposals, including the 2020 annual financial report and the 2021-2023 shareholder return plan[173]. - The 2020 annual general meeting had an investor participation rate of 43.5041% and included discussions on the 2020 board and supervisory reports, as well as the appointment of the 2021 audit institution[173]. - The second extraordinary general meeting of 2021 had an investor participation rate of 43.6870% and focused on amendments to the company's articles of association and management systems[173]. Leadership and Management - The current chairman, Li Fuchun, has been in position since January 15, 2016, and the current president, He Junyan, since October 21, 2015[175]. - The company has a robust leadership team with members recognized for their contributions to the industry and local governance[178]. - The board includes independent directors with academic and legal expertise, enhancing corporate governance and compliance[179]. - The management team emphasizes the importance of innovation and technology in driving future growth[178]. - The company is focused on expanding its market presence and enhancing its financial services through strategic leadership[178]. Financial Position - The company reported a total registered capital of RMB 2,340,452,915 as of December 31, 2021[9]. - The registered capital of the company increased to RMB 1.2 billion after the restructuring in October 1997[22]. - The registered capital was further increased to RMB 1,010,222,500 following the merger with Jilin Trust Investment Company in June 2000[22]. - The company has a 100% ownership stake in Dongzheng Runtong Investment Management Co., Ltd., with a registered capital of RMB 600 million[30]. - The company has a 96% stake in Bohai Futures Co., Ltd., which has a registered capital of RMB 500 million[30]. - The company has a 57.60% stake in Dongfang Fund Management Co., Ltd., with a registered capital of RMB 333.33 million[30]. - The company's net assets attributable to the parent company stood at RMB 18.045 billion[114]. - The company reported a decrease in other equity instrument investments by 82.15% to RMB 10.216 million due to the disposal of certain non-trading equity investments[117]. - The company’s derivative financial assets increased to RMB 12.636 million, compared to zero at the beginning of the year[117]. - The company’s long-term equity investments rose to RMB 839.166 million, up from RMB 760.034 million at the beginning of the year[115].

Financial Performance - Total operating revenue for the third quarter reached ¥2,153,658,399.73, an increase of 55.29% year-over-year[3] - Net profit attributable to shareholders was ¥512,023,720.63, reflecting a 67.61% increase compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥507,486,425.63, up 66.87% year-over-year[3] - Operating profit for the first nine months was RMB 1,641,860,587.40, an increase from RMB 1,311,183,517.99, representing a growth of about 25%[24] - Net profit attributable to shareholders of the parent company was RMB 1,215,141,413.53, compared to RMB 972,335,940.09 in 2020, reflecting a growth of approximately 25%[25] - Basic and diluted earnings per share for the period were both RMB 0.52, up from RMB 0.42 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥84,706,014,349.63, representing a 23.32% increase from the end of the previous year[4] - The total liabilities of the company were RMB 66.39 billion, compared to RMB 51.27 billion at the end of the previous year, indicating a rise of approximately 29.5%[23] - The company's equity attributable to shareholders reached RMB 17.65 billion, an increase from RMB 16.67 billion, which is a growth of about 5.9%[23] - The company's total assets reached RMB 84.71 billion, an increase from RMB 68.69 billion at the end of the previous year, representing a growth of approximately 23.3%[22] - The total liabilities of the company as of the beginning of the reporting period were RMB 51.43 billion, with a slight adjustment of RMB 161.23 million[32] Cash Flow - The company's cash flow from operating activities showed a decline of 24.83% year-to-date, totaling ¥1,801,562,529.01[3] - Cash inflow from operating activities totaled RMB 14,659,749,918.91, significantly higher than RMB 8,364,114,888.82 in 2020[26] - The net cash flow from operating activities was RMB 1,801,562,529.01, down from RMB 2,396,694,338.71 in the same period last year[26] - The company reported a cash inflow from financing activities totaling RMB 21.76 billion, while cash outflows amounted to RMB 17.78 billion, resulting in a net cash inflow of RMB 3.98 billion[28] - The company's cash and cash equivalents amounted to RMB 22.69 billion, up from RMB 17.91 billion, reflecting a year-over-year increase of about 26.5%[22] - The company’s cash and cash equivalents at the end of the reporting period stood at RMB 25.09 billion, up from RMB 18.93 billion at the end of the previous year[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 101,144[9] - The top ten shareholders hold a total of 1,119,000,000 shares, with Jilin Yatai Group holding 721,168,744 shares, accounting for approximately 64.4% of the total[12] - The company has not conducted any repurchase transactions among the top ten shareholders during the reporting period[12] Business Developments - The company established a new Financial Market Department and a Training Center to enhance business development and training capabilities[13] - The company renamed the Quantitative Trading Department to the Financial Innovation Business Department to diversify its profit model[14] - The company relocated three business outlets during the reporting period, including the Xiamen Lianqian East Road Securities Business Department to Xiamen Hubin South Road Securities Business Department[15] - The company upgraded its Suzhou Suya Road Business Department to a branch, completing the upgrade process by July 13, 2021[16] - The company plans to revoke the Jiangxi and Guangxi branches while establishing two new outlets in Sichuan and Changsha[17] Regulatory and Compliance - The company has implemented four new or revised internal regulations during the reporting period, including the Insider Information Management System and the Information Disclosure Management System[20] - The company has obtained a new business qualification for underwriting non-financial corporate debt financing instruments during the reporting period[21] - The company has adopted new leasing standards starting January 1, 2021, which resulted in adjustments to its financial statements[33] Investment and Financing - The company issued three short-term financing bonds during the reporting period, with a total issuance scale of 10 billion RMB for CP005, 15 billion RMB for CP006, and 10 billion RMB for CP007[18] - The company completed the public issuance of corporate bonds (second phase) aimed at professional investors on August 20, 2021, with an issuance scale of 2.5 billion RMB and a term of 3 years at an interest rate of 3.50%[19] - In the first nine months of 2021, the company raised RMB 21.76 billion from bond issuance, compared to RMB 12.75 billion in the same period of 2020, representing an increase of 70.5%[28] Revenue Streams - Net interest income for the year-to-date was ¥138,384,380.02, a 46.98% increase compared to the previous year[8] - Net commission and fee income rose to RMB 1,937,945,376.80, up from RMB 1,380,457,744.31, marking an increase of about 40%[24] - Investment income decreased to RMB 1,291,884,894.67 from RMB 1,569,509,397.39, a decline of approximately 18%[24]

Financial Performance - Total operating revenue for the reporting period was ¥2,926,421,489.77, a decrease of 20.71% compared to ¥3,690,775,532.15 in the same period last year[16]. - Net profit attributable to shareholders of the listed company was ¥703,117,692.90, an increase of 5.44% from ¥666,847,878.97 in the previous year[16]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥680,656,598.90, up 3.81% from ¥655,686,940.90 year-on-year[16]. - Total revenue for the reporting period was ¥1,514,918,768.02, a decrease of 14.36% compared to the same period last year[18]. - Net profit for the reporting period was ¥465,247,078.49, down 28.76% year-over-year[18]. - Basic and diluted earnings per share were both ¥0.30, representing a 7.14% increase from ¥0.28 in the same period last year[16]. - The total operating profit for the company was CNY 960,024,909.38, reflecting a 2.70% increase year-on-year[84]. - The company reported a total investment in securities of approximately RMB 26.67 billion, with a fair value of RMB 27.10 billion at the end of the reporting period[95]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥123,198,803.41, a significant decrease of 97.20% compared to ¥4,402,965,978.89 in the same period last year[16]. - The net cash flow from operating activities was -¥731,872,752.92, a decline of 119.70% compared to the previous year[18]. - The company reported a net increase in cash and cash equivalents of CNY 2,249,547,554.43, a decrease of 57.24% from CNY 5,260,286,041.77, influenced by changes in operating, investing, and financing activities[78]. - The company reported a cash interest coverage ratio significantly dropped to 1.17 from 7.33, a decrease of 84.04%[190]. - The net cash flow from investment activities was negative at RMB -481,984,884.49, contrasting with a positive RMB 222,900,019.37 in the first half of 2020[200]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥77,309,979,158.46, an increase of 12.56% from ¥68,685,835,383.56 at the end of the previous year[17]. - Total liabilities at the end of the reporting period were ¥59,477,350,887.60, reflecting a growth of 16.00% from ¥51,272,623,429.33 at the end of the previous year[17]. - The company's debt-to-asset ratio increased to 70.58% from 67.03%, an increase of 3.55% year-over-year[190]. - The company's receivables increased by 95.26% to CNY 458,405,733.37, up from CNY 234,771,049.40[91]. Investment and Business Operations - The company aims to become a leading modern financial service provider with a focus on small and medium-sized enterprises and wealth management[29]. - The company is positioned as a comprehensive broker with a focus on retail business, investment banking, and asset management services[29]. - The brokerage business saw a trading volume of 1.517 trillion yuan, a year-on-year increase of 16.98%[42]. - The company’s wealth management transformation is progressing, with significant growth in the number of high-net-worth clients and investment advisory fees[43]. - The company launched 33 new asset management products, significantly increasing the number and scale of new products compared to the previous year[74]. Risk Management - The company continues to enhance its comprehensive risk management system, focusing on risk identification, assessment, measurement, response, monitoring, and reporting mechanisms to ensure risks are measurable, controllable, and bearable[107]. - The company adopts a prudent strategy for market risk management, utilizing tools like VaR for quantifying market risks and implementing stress testing as a supplementary tool[108]. - The company actively monitors liquidity risk by managing financing sources and quality liquid assets, ensuring that liquidity indicators remain at safe levels[111]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[119]. - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[118]. - The company has established a robust anti-money laundering framework, including customer identity verification and transaction monitoring, to mitigate money laundering risks[116]. - The participation rate of investors in the first extraordinary general meeting of 2021 was 44.0511%[117]. Legal and Regulatory Matters - The company is involved in a lawsuit with Jilin Dunhua Rural Commercial Bank, claiming damages of approximately CNY 472.15 million due to alleged management failures related to the "Northeast Securities Changying No. 4 Directional Asset Management Plan"[131]. - The company received a warning letter from the Shandong Regulatory Bureau of the China Securities Regulatory Commission for failing to adequately supervise the information disclosure obligations of Shandong Ruyi Technology Group[137]. - The company has implemented a rectification plan and held internal accountability meetings following the receipt of the regulatory letter[137].

Financial Performance - Total revenue for the reporting period was CNY 1,296,797,080.83, a decrease of 28.20% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 338,436,383.05, representing a slight increase of 1.39% year-over-year[3] - Net profit excluding non-recurring gains and losses was CNY 332,972,899.06, down 1.04% from the previous year[3] - Net profit for the period was RMB 329,462,993.43, a decline of 4.3% compared to RMB 344,119,724.01 in the same quarter last year[30] - Total comprehensive income for the period was CNY 238,757,645.01, compared to CNY 334,494,085.58 in the same period last year, reflecting a decrease[33] Cash Flow - Net cash flow from operating activities increased by 17.79% to CNY 872,719,569.24[3] - Cash inflow from operating activities totaled CNY 5,819,565,145.61, up from CNY 5,159,414,058.60, indicating a growth of 12.8%[34] - Cash outflow from operating activities was CNY 4,946,845,576.37, compared to CNY 4,418,490,621.91, representing an increase of 11.9%[34] - Net cash flow from financing activities was CNY 993,090,575.64, a significant improvement from a net outflow of CNY 267,256,698.55 in the previous year[35] - The net increase in cash and cash equivalents for the period was CNY 1,831,443,182.10, compared to CNY 642,459,335.70 in the previous year, showing a growth of 184.5%[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 73,294,459,731.06, up 6.71% from the end of the previous year[3] - Total liabilities increased to ¥55.55 billion from ¥51.27 billion year-over-year, representing a growth of approximately 8.9%[27] - The total assets of the company reached ¥73.29 billion, compared to ¥68.69 billion at the end of the previous year, reflecting a growth of approximately 6.5%[27] - The company's cash and cash equivalents reached RMB 20,019,695,510.97, up from RMB 17,907,609,345.72 at the end of the previous year[26] - The total amount of client funds deposited was RMB 14,872,642,014.41, an increase from RMB 13,735,993,325.64[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 107,231[7] - The largest shareholder, Jilin Yatai Group Co., Ltd., held 30.81% of the shares[7] - The diluted earnings per share based on the latest share capital was CNY 0.1446[4] - Net assets attributable to shareholders increased by 2.03% to CNY 17,007,861,576.38[3] Investment and Income - Net interest income grew by 88.05% to RMB 25,427,419.12, driven by increased customer fund interest and margin financing[12] - Investment income decreased by 58.76% to RMB 318,996,087.27, attributed to reduced investment business returns[12] - The company reported a significant increase in net commission income from brokerage services, rising to RMB 291,666,635.73 from RMB 257,910,349.02, an increase of 13.0%[30] - Other income rose to RMB 7,292,333.25, compared to RMB 2,126,576.19 in the same period last year, indicating growth in ancillary services[30] Operational Changes - The company established two new securities business offices in Guangzhou and Nanjing, both of which have commenced operations[15] - The company issued short-term corporate bonds totaling RMB 1.1 billion with a term of 351 days at an interest rate of 3.55%[16] - The company completed the issuance of short-term financing bonds totaling RMB 18 billion and RMB 15 billion with interest rates of 2.63% and 2.92% respectively[16] Compliance and Governance - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[18] - There were no violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[23] - The company has no significant contracts or entrusted financial management during the reporting period[22][24]

Financial Performance - Total revenue for 2020 was CNY 6,609,613,343.83, a decrease of 17.06% compared to 2019[26]. - Net profit attributable to shareholders for 2020 was CNY 1,333,325,683.24, an increase of 32.40% year-over-year[26]. - Basic earnings per share for 2020 was CNY 0.57, up 32.56% from CNY 0.43 in 2019[27]. - The company reported a net profit of CNY 1,325,843,612.81 for the parent company in 2020, a significant increase of 74.61% from 2019[28]. - The net profit excluding non-recurring gains and losses for the parent company was CNY 1,324,329,906.34, an increase of 82.84% year-over-year[28]. - The company's total operating revenue for 2020 was 6.610 billion RMB, a decrease of 17.06% compared to 2019, with net commission income increasing by 24.92% to 1.948 billion RMB[100]. - Investment income rose by 64.46% to 1.925 billion RMB, while fair value changes in income decreased by 54.35% to 502 million RMB[101]. - Total operating expenses decreased by 28.36% to 4.794 billion RMB, with business and management fees accounting for 49.55% of total expenses[103]. - The company experienced a net decrease in cash and cash equivalents of 245.93 million RMB, a 103.51% decline from the previous year[107]. - The net profit for the period reached CNY 1,467,467,840.99, representing a 40.65% increase compared to CNY 1,043,345,906.73 from the previous period, indicating improved company performance[119]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling 234,045,291.50 RMB based on 2,340,452,915 shares as of December 31, 2020[3]. - The net profit attributable to the parent company for 2020 was CNY 1.33 billion, with cumulative undistributed profits at CNY 5.20 billion after the dividend distribution[173]. - The company has maintained a consistent cash dividend policy over the past three years, with the same cash dividend amount of CNY 234.05 million each year[170]. - The company has not made any adjustments to its profit distribution policy during the reporting period[166]. - The company emphasizes investor relations management, ensuring timely and accurate communication with investors[165]. Business Operations and Structure - The company operates in various financial services, including securities brokerage, investment consulting, and asset management, with no changes in main business during the reporting period[9]. - The company has established 141 branches across 68 major cities in 28 provinces, autonomous regions, and municipalities[19]. - The company operates 39 subsidiaries, including 36 regional brokerage subsidiaries, and 102 securities business departments[19]. - The company has a total of 37 securities business departments in Jilin Province, with 9 in Shanghai and 9 in Zhejiang Province[21]. - The company is listed on the Shenzhen Stock Exchange under the stock code 000686[8]. Risk Management - The company emphasizes a comprehensive risk management system to address market, credit, liquidity, and operational risks[7]. - The company has maintained a strong risk management and compliance framework, ensuring stable operations amid market fluctuations[52]. - The company has implemented a comprehensive risk management system, focusing on risk identification, assessment, measurement, response, monitoring, and reporting mechanisms[146]. - The company is actively managing liquidity risk by monitoring financing sources and ensuring that available funds cover future cash needs, maintaining all liquidity indicators in a safe state[149]. - The company has established a reputation risk management framework to proactively identify and respond to potential reputation risks, aiming to minimize negative impacts on its image[149]. Qualifications and Licenses - The company holds various qualifications for securities business, including securities underwriting and sponsorship qualifications approved by the China Securities Regulatory Commission[13]. - The company has qualifications for online trading and open-end fund distribution, enhancing its service offerings in the financial market[13]. - The company is qualified to conduct margin trading and securities lending, which is expected to boost its revenue streams[13]. - The company has obtained qualifications for private investment fund management and alternative investment business, indicating its expansion into diverse financial services[16]. - The company has qualifications for futures brokerage and trading settlement, allowing it to participate in the futures market effectively[16]. Market and Client Focus - The company focuses on providing comprehensive financial services for small and medium-sized enterprises, emphasizing investment banking and wealth management[39]. - The company is actively expanding its institutional client business, leveraging market opportunities to provide comprehensive services[57]. - The company is focusing on wealth management transformation, integrating customer needs into a five-dimensional wealth management framework[56]. - The company aims to enhance its core competitiveness by focusing on small and medium-sized enterprise investment banking and wealth management as its strategic positioning[136]. Compliance and Governance - The company maintains a clear governance structure, ensuring effective operation mechanisms among its decision-making and supervisory bodies[47]. - The company has committed to maintaining transparency and compliance with regulations regarding profit distribution and investor communication[174]. - The company has established a comprehensive related transaction system and has complied with all decision-making procedures for related transactions[198]. - The company has not faced any delisting risks or warnings regarding its stock trading status[185]. Financial Technology and Innovation - The company aims to enhance its competitive edge by accelerating its layout in the financial technology sector[46]. - The company will increase its financial technology investments to support a comprehensive digital transformation[136]. - The company is committed to improving product innovation and design capabilities, particularly in the development of "fixed income plus" products to diversify investment strategies[141]. Audit and Financial Reporting - The company received a standard unqualified audit report for the 2020 financial statements from Zhongjun Accounting Firm[178]. - The domestic accounting firm Zhongjun CPA has been reappointed for the 2020 audit, with a total audit fee of RMB 700,000, which includes internal control audit fees[183]. - The company has not made any changes to its consolidated financial reporting scope compared to the previous year[181]. Strategic Adjustments and Changes - The Shanghai branch was officially closed on November 12, 2020, following a board resolution[131]. - The company established four new branches in Yantai, Yiwu, Xiaoshan, and Guangzhou, completing the necessary licensing during the reporting period[132]. - The company merged and closed three branches in Hebei, Yunnan, and Jiangsu as part of its strategic adjustments[134].

Financial Performance - Net profit attributable to shareholders of the listed company for Q3 2020 was CNY 305,488,061.12, an increase of 9.82% year-on-year[4] - Total operating revenue for Q3 2020 was CNY 1,386,897,200.62, down 41.41% compared to the same period last year[4] - Basic earnings per share for Q3 2020 were CNY 0.13, an increase of 8.33% year-on-year[4] - The company reported a significant increase in commission income from brokerage services, rising to RMB 326,919,331.28, up 73.6% from RMB 188,471,933.71 in Q3 2019[32] - Investment income for Q3 2020 was RMB 552,556,752.78, an increase of 52.2% compared to RMB 363,378,032.23 in Q3 2019[32] - The company recorded a total comprehensive income of RMB 311,843,489.16 for Q3 2020, compared to RMB 289,622,525.39 in Q3 2019, marking an increase of 7.7%[35] - Net profit for the third quarter reached ¥350,518,559.15, a significant increase from ¥208,425,082.66 in the same period last year, representing a growth of approximately 68%[37] - Total operating income for the first nine months of 2020 was ¥5,077,672,732.77, down from ¥6,247,164,542.32 in 2019, indicating a decline of about 18.7%[39] - Net profit for the period reached RMB 1,003,613,497.41, a significant increase of 42.7% compared to RMB 702,947,857.51 in the same period last year[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 66,388,741,194.45, a decrease of 2.68% compared to the end of the previous year[4] - The company's total liabilities for derivative financial instruments dropped by 80.40% to ¥1,228,261.46 from ¥6,267,721.16, due to reclassification of derivative instruments[14] - Total liabilities decreased to ¥49,405,271,888.61 from ¥52,068,101,464.68, reflecting a decline of approximately 5.09%[29] - The company's equity attributable to shareholders increased to ¥16,314,643,792.34 from ¥15,583,479,267.38, marking an increase of about 4.69%[29] - The company’s total investment in securities as of the report date was RMB 20.95 billion, with a fair value change profit of RMB 29.81 million during the period[22] Cash Flow - The net cash flow from operating activities was CNY -623,223,743.18, a decrease of 60.32% compared to the same period last year[4] - Cash inflow from operating activities for the first nine months of 2020 was CNY 2,651,295,616.89, compared to a cash outflow of CNY 221,818,139.35 in the same period of 2019[48] - Net cash flow from operating activities increased to CNY 3,091,261,470.47 in 2020, up from CNY 2,742,368,076.09 in 2019, reflecting a positive trend[48] - The company reported a net cash outflow from financing activities of RMB 3,365,311,020.92, contrasting with a net inflow of RMB 1,735,017,699.96 in the same period of 2019[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 112,419[7] - The largest shareholder, Jilin Yatai Group Co., Ltd., held 30.81% of the shares[8] Regulatory and Operational Changes - The company completed the closure of its Jiangsu branch and returned its securities and futures business license to the regulatory authority[15] - The company upgraded its Shenzhen Fuhua Yilu Securities Office to a branch office, completing the licensing process on August 17, 2020[16] - The company executed the new revenue recognition standards starting January 1, 2020, impacting financial reporting[54] Investment Activities - The company’s investment in the "融宝11号集合资产管理计划" had an initial investment cost of RMB 4.11 billion, with a fair value change profit of RMB 178.45 million[22] - The company’s investment in government bonds (20附息国债05) had a total purchase amount of RMB 4.35 billion, resulting in a loss of RMB 822.27 million during the reporting period[22] - The company reported a significant increase in investment income, reaching ¥1,569,509,397.39 for the first nine months, compared to ¥825,601,712.94 in the same period last year[39]

Financial Performance - Total operating revenue for the first half of 2020 was ¥3,690,775,532.15, a decrease of 4.87% compared to the same period last year[13] - Net profit attributable to shareholders was ¥666,847,878.97, representing an increase of 13.07% year-on-year[13] - Net profit after deducting non-recurring gains and losses was ¥655,686,940.90, up 13.66% from the previous year[13] - The net cash flow from operating activities was ¥4,402,965,978.89, an increase of 2.56% compared to the same period last year[13] - Basic earnings per share increased to ¥0.28, a rise of 12.00% year-on-year[13] - Total operating revenue for the reporting period reached ¥1,768,998,798.88, an increase of 12.74% compared to the same period last year[14] - Net profit for the reporting period was ¥653,094,938.26, reflecting a growth of 32.07% year-over-year[14] - Basic and diluted earnings per share increased by 33.33% to ¥0.28 per share[14] - Total operating expenses decreased by 11.44% to CNY 2,756,031,941.19 from CNY 3,111,912,626.17 year-on-year[70] - Investment income surged by 120.01% to CNY 1,016,952,644.61 from CNY 462,223,680.71 year-on-year[73] Assets and Liabilities - Total assets at the end of the reporting period were ¥68,416,464,514.79, reflecting a 0.29% increase from the end of the previous year[13] - Total liabilities decreased by 0.65% to ¥51,731,859,511.11 compared to the end of the previous year[13] - Net assets attributable to shareholders increased by 2.69% to ¥16,002,800,303.18 from the previous year[13] - The total assets at the end of the reporting period amounted to ¥63,229,213,620.34, a decrease of 2.60% from the end of the previous year[14] - Total liabilities decreased by 4.19% to ¥48,191,538,205.18 compared to the end of the previous year[14] - The company's total assets at the end of the reporting period were CNY 68.42 billion, a slight increase of 0.29% year-on-year[32] - The company's total liabilities include significant components such as short-term financing payables and bonds payable, which are CNY 5,193,174,034.06 and CNY 8,607,714,471.68 respectively[82] Business Strategy and Operations - The company aims to enhance its position as a comprehensive financial service provider focusing on small and medium-sized enterprises and wealth management[20] - The investment and sales trading business is expected to drive stable returns through equity and fixed income self-operated businesses[22] - The asset management business is focused on building a complete product and service system to cater to financial institutions and high-net-worth clients[22] - The company is focusing on wealth management transformation, enhancing its service capabilities for high-net-worth clients[35] - The company is actively integrating financial technology to improve its investment advisory services[35] - The company is committed to maintaining compliance and effective risk control to ensure stable business operations[31] Market Performance - In the first half of 2020, the securities industry achieved operating income of CNY 213.40 billion, a year-on-year increase of 19.26%[24] - The net profit for the same period reached CNY 83.15 billion, reflecting a year-on-year growth of 24.73%[24] - As of June 30, 2020, total assets of the industry amounted to CNY 8.03 trillion, up 13.10% year-on-year[24] - The company achieved a trading volume of CNY 1,297.56 billion in AB share funds, an increase of 17.05% year-on-year[35] Risk Management - The company faces various risks including market risk, credit risk, liquidity risk, and operational risk[96][97][98][99][100][101][102][103] - The company is enhancing its comprehensive risk management system to ensure sustainable business development[103] - The company is actively managing liquidity risk by monitoring financing sources and ensuring that liquid assets cover future funding needs[106] - The company has established a comprehensive reputation risk management system, integrating it into the overall risk management framework to minimize adverse impacts on its reputation[107] - The compliance risk management system has been continuously improved, enhancing the professional capabilities of compliance personnel and optimizing the compliance management information system[108] Community Engagement and Social Responsibility - The company engaged in targeted poverty alleviation efforts, contributing RMB 614.67 million in donations and support during the pandemic[140] - A total of 57 registered impoverished individuals were helped to escape poverty through the company's initiatives[141] - The company organized online training sessions for local enterprises in poverty-stricken areas, focusing on capital market policies and strategies[139] - The company facilitated the sale of over RMB 60,000 worth of unsold agricultural products from impoverished farmers during the pandemic[137] - The company established the "Northeast Securities Inspirational Class" to support impoverished students, investing RMB 400,000 annually for three consecutive years[138] Corporate Governance - The company renewed its audit engagement with Zhongjun Accounting Firm for the 2020 fiscal year, with no changes in the auditing firm during the reporting period[115] - The company held a board election on May 15, 2020, resulting in the re-election of key executives including the Chairman and Vice Chairman[186] - The company’s management team includes a newly appointed CEO and several vice presidents as of May 15, 2020[187] - The company’s independent directors and supervisors were also re-elected during the board election[186] Legal Matters - There were no significant litigation or arbitration matters exceeding 10 million yuan during the reporting period, although two new cases exceeding 50 million yuan were initiated[117] - The company filed a lawsuit against Ningbo Saike and its guarantor on March 13, 2020, regarding the aforementioned debts, which has been accepted by the Changchun Intermediate People's Court[118] - The company has ongoing litigation involving a total of ¥22,500 million related to the "Fuxingmen" private bond default arbitration case, which was concluded due to the absence of executable assets[121] Financial Products and Investments - The total amount of financial products sold by the company reached CNY 2.43 billion, with CNY 2.17 billion from securities investment funds and CNY 265.82 million from other types of products[38] - The company reported a total of ¥1,375,908,990,417.92 in purchases of financial assets, while sales totaled ¥1,381,609,777,839.04[86] - The cumulative investment income from various financial assets reached ¥826,744,628.40[86] - The company held bonds with an initial investment cost of ¥9,420,313,593.74, resulting in a fair value loss of ¥54,590,022.53[87] Debt and Financing - The company issued four short-term financing bonds during the reporting period, each with a scale of CNY 1.5 billion, with interest rates ranging from 1.67% to 2.87%[156] - The company completed the issuance of its first phase of subordinated bonds in May 2020, with a total scale of CNY 3 billion and an interest rate of 3.93%[157] - The company has established a complete debt financing planning framework to enhance the scientific, timely, and effective management of debt financing[198] - The company has a bond repayment plan that includes annual interest payments and a lump-sum principal repayment at maturity, with the first half of 2020 interest payments completed on time[197]

证券代码：000686 证券简称：东北证券 公告编号：2020-042 东北证券股份有限公司 关于参加2020年吉林辖区上市公司投资者网上集体接待日 活动的公告 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。 为进一步加强与投资者的互动交流，东北证券股份有限公司（以下简称"公 司"）将参加由吉林证监局、吉林省证券业协会、深圳市全景网络有限公司共同 举办的"提高公司质量 做受尊敬的上市公司--2020 年吉林辖区上市公司投资者 网上集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登陆"全景·路演天下"网站（http://rs.p5w.net）参与公司 本次投资者集体接待日活动,时间为 2020 年 8 月 21 日（周五）15:30 至 17:00。 公司董事长李福春先生，副董事长、总裁何俊岩先生，副总裁、财务总监王 天文先生，董事会秘书董曼女士将出席本次活动，通过网络在线问答互动的形式， 与投资者进行交流，实时回答投资者的提问。 欢迎广大投资者积极参与。 特此公告。 东北证券股份有限公司 ...