证券代码： 000712 证券简称：锦龙股份 编号：2014-003 广东锦龙发展股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|------------------------------------------|-----------------------------------------------------------| | | | | | 投资者关系活 | ■ 特定对象调研 | □ 分析师会议 | | 动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称 | | 东莞市上正投资管理有限公司 总裁 张启昌 | | 及人员姓名 | | | | 时间 地点 | 2014 年 8 月 26 日 公司会议室 | | | 上市公司接待 | | 公司董事、副总经理、董事会秘书 ：张丹丹 | | | | | | 人员姓名 | 证券事务代表：温尚辉 业务主办：罗序浩 | | | 投资者关系活 | 一、向投资者介绍公司基本情况 | | | ...

Group 1: Company Overview - The company achieved total revenue of 600.29 million yuan in Q1 2015, with a net profit attributable to shareholders of 198.20 million yuan, resulting in a basic earnings per share of 0.22 yuan [3] - The securities business of the company's subsidiaries, Zhongshan Securities and Dongguan Securities, saw significant growth in both revenue and profit compared to Q1 2014 [3] Group 2: Stock Issuance and Regulatory Updates - The company is currently progressing with a non-public stock issuance, having received the acceptance notice from the China Securities Regulatory Commission (CSRC) on March 18, 2015 [3] - The non-public stock issuance is pending approval from the CSRC, and the company will disclose updates based on the review progress [3] Group 3: Internet Securities Products and Services - Zhongshan Securities has launched various internet securities products and services, including account opening (Huili Tong), financing (Xiaorong Tong), cash management (Xianjin Tong), and a financial app (Xiaolu Financial) [3] Group 4: Challenges and Strategic Positioning - Zhongshan Securities faces challenges due to relatively small net capital compared to industry peers, which affects the expansion of traditional and innovative securities businesses [4] - The company aims to support the development of its controlled and affiliated securities firms to enhance its securities business and provide good returns to shareholders [4]

证券代码：000712 证券简称：锦龙股份 编号：2018-01 广东锦龙发展股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|-------------------------|----------------------------------------------------------------| | | □ | 特定对象调研 □分析师会议 | | 投资者关系活 | □媒体采访 □业绩说明会 | | | 动类别 | □ 新闻发布会 √路演活动 | | | | □现场参观 | □ 其他 | | 参与单位名称 | 2018 年 5 月 18 | 日，公司参加由广东上市公司协会和约调研数据平台 | | 及人员姓名 | 共同主办的" 2018 | 广东上市公司投资者关系管理月活动—上市公司与 | | | 分先后）： | 机构投资者面对面交流活动"，报名参加的机构人员名单如下（排名不 | | | | 金鹰基金：杨刘名；广发证券：金荣；招商证券：魏立；东方财富证 | | | | 券：刘志凌；工商银行资产管理部：王安迪；天风证券：侯星辰；嘉实 | | | ...

Financial Performance - Total revenue for Q3 2022 was ¥211,807,016.96, a decrease of 41.54% compared to the same period last year[7] - Net profit attributable to shareholders was -¥6,128,188.05, representing a decline of 118.75% year-on-year[7] - Net profit excluding non-recurring gains and losses was -¥6,913,527.58, down 115.17% from the previous year[7] - Basic earnings per share were -¥0.007, a decrease of 119.44% year-on-year[7] - The company reported a significant decrease in total revenue for the first nine months of 2022, amounting to ¥198,309,986.75, a decline of 81.14% compared to the same period in 2021[13] - The net profit attributable to shareholders of the parent company decreased to -¥228,698,770.51, a decline of 771.57% compared to the previous year[16] - Net profit for the third quarter of 2022 was a loss of CNY 272.52 million, compared to a profit of CNY 61.41 million in the same period last year, indicating a significant decline[30] - The net profit attributable to the parent company was -228,698,770.51 CNY, compared to a profit of 34,054,283.29 CNY in the previous period, indicating a significant decline[32] - The total comprehensive income attributable to the parent company was -242,146,193.08 CNY, down from 56,412,354.60 CNY in the previous period[32] Cash Flow and Operating Activities - Cash flow from operating activities showed a net outflow of -¥568,238,896.44, an increase of 66.79% compared to the same period last year[7] - Operating income cash inflow increased by 102.71% to ¥3,952,246,656.47, mainly due to higher net cash inflows from repurchase and lending activities[16] - The net cash flow from operating activities improved to -¥568,238,896.44, a 66.79% increase compared to the previous year[16] - The net cash flow from operating activities was -568,238,896.44 CNY, an improvement from -1,711,096,077.26 CNY in the previous period[35] - Cash inflows from operating activities totaled 3,952,246,656.47 CNY, compared to 1,949,661,522.33 CNY in the previous period[35] - Cash outflows from operating activities increased to 4,520,485,552.91 CNY from 3,660,757,599.59 CNY in the previous period[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥22,357,638,153.44, an increase of 7.11% from the end of the previous year[7] - Total assets as of September 30, 2022, amounted to CNY 22.36 billion, an increase from CNY 20.87 billion at the beginning of the year, representing a growth of approximately 7.1%[26] - The total liabilities as of September 30, 2022, were CNY 17.11 billion, an increase from CNY 15.63 billion at the beginning of the year, representing a growth of about 9.5%[26] - The company's equity attributable to shareholders decreased to CNY 3.04 billion from CNY 3.29 billion, a decline of approximately 7.5%[26] Investment and Income - The company experienced a 59.73% decrease in net commission income, totaling ¥284,041,374.11 for the first nine months of 2022[13] - Investment income for the first nine months of 2022 was ¥358,654,253.76, down 32.28% year-on-year[13] - Interest income for the third quarter of 2022 was CNY 246.68 million, slightly up from CNY 241.57 million year-over-year, while interest expenses increased to CNY 458.19 million from CNY 437.59 million[30] - The company reported a significant decrease in net commission income from CNY 705.38 million to CNY 284.04 million, a drop of approximately 59.8%[30] Other Financial Metrics - The company recorded a foreign exchange gain of ¥3,493,955.14, a significant increase of 1,108.90% year-on-year[16] - Other operating income surged to ¥52,392,749.31, reflecting a 3,092.45% increase, mainly due to the reversal of estimated liabilities related to a court ruling[16] - The company reported a basic and diluted earnings per share of -0.255 CNY, compared to 0.038 CNY in the previous period[32] - The company did not conduct an audit for the third quarter report[42]

Financial Performance - Total revenue for the reporting period decreased by 101.96% to -13,497,030.21 CNY compared to 689,230,470.27 CNY in the same period last year[27] - Net profit attributable to shareholders of the listed company was -222,570,582.46 CNY, a decrease of 16,341.55% from 1,370,377.82 CNY in the previous year[27] - The net profit after deducting non-recurring gains and losses was -248,928,839.69 CNY, down 738.61% from 38,979,783.16 CNY in the same period last year[27] - The basic earnings per share were -0.248 CNY, a decrease of 12,500.00% from 0.002 CNY in the same period last year[27] - The weighted average return on net assets was -7.00%, a decrease of 7.04 percentage points from 0.04% in the previous year[27] - The total operating profit for the reporting period was -405,646,900.38 CNY, a decrease of 552.33% compared to the previous year[64] - The net loss for the first half of 2022 was -282,533,364.32, compared to a profit of 9,556,219.36 in the same period of 2021[190] - The comprehensive loss totaled -312,861,953.60, contrasting with a comprehensive income of 21,520,644.45 in the prior year[190] Assets and Liabilities - The total assets increased by 14.80% to 23,963,494,086.77 CNY from 20,873,339,282.22 CNY at the end of the previous year[27] - Total liabilities rose by 19.98% to 18,748,746,586.24 CNY compared to 15,626,369,828.09 CNY at the end of the previous year[27] - The total value of restricted assets at the end of the reporting period is approximately CNY 5.61 billion, with significant portions in other debt investments (CNY 3.42 billion) and trading financial assets (CNY 1.00 billion) [73] - The company’s total liabilities decreased by 1.31% compared to the previous year, with short-term borrowings at 940,336,598.08 CNY[68] - The company’s total assets at the end of the reporting period were 24,000,000,000 CNY, reflecting a significant change in asset composition[69] Cash Flow - The company reported a net cash flow from operating activities of 171,084,148.17 CNY, an increase of 107.98% compared to -2,144,463,126.95 CNY in the same period last year[27] - Net cash flow from operating activities increased by 107.98% to 171,084,148.17 yuan, attributed to increased cash inflows and reduced cash outflows from operating activities[48] - Net cash flow from investing activities decreased by 242.63% to -35,020,798.94 yuan, primarily due to a decrease in cash inflows from investment activities compared to the previous year[48] - Net cash flow from financing activities decreased by 338.23% to -142,769,608.45 yuan, mainly due to increased cash outflows from financing activities[48] Revenue Breakdown - Total operating revenue decreased by 101.96% to -13,497,030.21 yuan, primarily due to significant reductions in fair value changes, investment income, and net commission income compared to the same period last year[48] - Net commission income decreased by 62.93% to 188,368,739.67 yuan, primarily due to reduced net income from investment banking and futures brokerage services[48] - Investment income was 20.3188 million yuan, a decrease of 45.89% year-on-year[43] - The investment income was 203,187,950.02 CNY, accounting for -57.32% of total profit[67] - The fair value changes in financial assets resulted in a loss of -272,744,865.59 CNY, representing 76.94% of total profit[67] Business Segments - Securities brokerage business reported total revenue of ¥134,409,874.07, a decrease of 4.94% year-over-year, with an operating profit margin of 14.48%[55] - Futures brokerage business saw total revenue drop by 76.03% to ¥42,773,582.59, with operating expenses decreasing by 77.19%[58] - Securities investment business experienced a significant revenue decline of 813.23%, resulting in an operating profit margin of -138.64%[58] - Investment banking business revenue decreased by 85.85%, leading to an operating profit margin of -50.23%[58] - Credit trading business reported a 4.14% decrease in revenue, with operating expenses increasing by 42.30%, resulting in an operating profit margin of -13.69%[58] - Asset management business revenue fell by 58.93%, with operating expenses down by 52.71%, leading to an operating profit margin of -68.98%[58] - Structured entity business revenue increased by 150.58%, with a significant improvement in operating profit margin to 104.71%[58] Future Plans and Strategies - The company plans not to distribute cash dividends or issue bonus shares[6] - The company plans to continue focusing on sustainable investment strategies to enhance long-term profitability[67] - The company plans to leverage its public platform to provide capital support for its securities business, aiming to enhance its market competitiveness[92] - The company intends to adopt a market-oriented operational philosophy to improve the performance of its subsidiary, Zhongshan Securities[93] - Future guidance estimates a revenue growth of 18% for the next half of the year[199] - The company aims to improve its gross margin by 5% through cost optimization strategies[199] Legal Matters - The company is involved in a lawsuit with a claimed amount of 46,635.2 thousand yuan regarding a financial loan contract dispute, with the court having suspended the case as of August 2021[115] - The company has initiated three lawsuits against Pangang Holdings Co., Ltd. for bond trading disputes, with a total claimed amount of 23,895.4 thousand yuan, and the court has issued a property preservation notice in April 2022[118] - The company has a total of 9,804.29 thousand yuan in claims related to securities false statement liability disputes, with ongoing litigation as of April 2022[121] Shareholder Information - The total number of shares after the recent changes is 896 million, with 99.92% being unrestricted shares[148] - The total number of common shareholders at the end of the reporting period is 43,072[153] - Dongguan New Century Science and Education Development Co., Ltd. holds 27.90% of shares, totaling 250,000,000 shares[153] - Zhu Fenglian holds 14.74% of shares, totaling 132,110,504 shares[153] - Yang Zhimao holds 7.40% of shares, totaling 66,300,000 shares[153]

Financial Performance - Total revenue for Q1 2022 was -190,944,936.86 CNY, a decrease of 155.23% compared to the same period last year[6]. - Net profit attributable to shareholders was -209,534,968.72 CNY, representing a decline of 2,490.22% year-over-year[6]. - Basic and diluted earnings per share were both -0.23 CNY, down 2,400.00% from 0.01 CNY in the same quarter last year[6]. - The total operating revenue for the current period was -190,944,936.86 CNY, compared to 345,696,686.97 CNY in the previous period, indicating a significant decline[29]. - The net profit for the current period was -282,452,100.13 CNY, a decrease from a net profit of 18,149,870.86 CNY in the previous period[29]. - The company's investment income decreased to 49,201,746.37 CNY from 171,636,976.70 CNY, representing a decline of approximately 71.32%[29]. - The net interest income was -57,678,908.02 CNY, slightly worse than -57,145,001.91 CNY in the previous period[29]. - The company's other comprehensive income after tax was -27,934,428.78 CNY, compared to 3,003,308.23 CNY in the previous period[33]. - The basic earnings per share for the current period was -0.23 CNY, compared to 0.01 CNY in the previous period[33]. Cash Flow and Liquidity - Net cash flow from operating activities was -79,573,572.90 CNY, an improvement of 94.81% compared to the previous year[6]. - The net cash flow from operating activities for the current period is -79,573,572.90 CNY, an improvement from -1,534,258,895.84 CNY in the previous period[37]. - Total cash inflow from operating activities is 2,179,034,004.89 CNY, compared to 2,095,858,282.81 CNY in the previous period, indicating a growth of approximately 3.96%[37]. - Cash outflow from operating activities decreased significantly to 2,258,607,577.79 CNY from 3,630,117,178.65 CNY, a reduction of about 37.8%[37]. - The net cash flow from investing activities is -16,817,008.50 CNY, an improvement from -29,668,407.91 CNY in the previous period[41]. - Cash inflow from financing activities totaled 582,000,000.00 CNY, slightly down from 613,850,000.00 CNY in the previous period[41]. - The net cash flow from financing activities is -27,853,828.16 CNY, compared to a positive 104,525,308.77 CNY in the previous period[41]. - The ending balance of cash and cash equivalents is 6,788,999,132.34 CNY, down from 6,949,567,186.54 CNY in the previous period[41]. - The company received 280,000,000.00 CNY from investments during the current period[41]. - Interest, fees, and commissions received in cash amounted to 254,916,614.43 CNY, down from 430,299,633.37 CNY in the previous period[37]. - The company paid 470,000,000.00 CNY in debt repayments during the current period, an increase from 401,650,000.00 CNY in the previous period[41]. Assets and Liabilities - Total assets increased by 5.29% to 21,977,308,461.07 CNY from 20,873,339,282.22 CNY at the end of the previous year[6]. - The total assets increased to 21,977,308,461.07 CNY from 20,873,339,282.22 CNY, reflecting a growth of approximately 5.28%[29]. - The total liabilities rose to 16,751,125,535.85 CNY, up from 15,626,369,828.09 CNY, marking an increase of about 7.19%[29]. - Cash and cash equivalents decreased by 124,441,593.10 CNY, but this was an improvement of 91.47% compared to the previous year[12]. - The company's cash and cash equivalents as of March 31, 2022, amount to ¥5,245,320,202.60, down from ¥5,487,824,771.80 at the beginning of the year[21]. - The financial investments increased to ¥5,521,667,901.24 from ¥4,281,805,099.33[21]. - The company's margin financing and securities lending decreased to ¥1,854,334,407.75 from ¥2,119,916,372.94[21]. - The total amount of receivables increased to ¥161,533,282.43 from ¥133,844,875.06[21]. - The deferred income tax assets increased to 392,539,671.95 CNY from 323,272,777.04 CNY, indicating a growth of approximately 21.48%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,749[16]. - The largest shareholder, Dongguan New Century Science and Education, holds 27.90% of shares, totaling 250,000,000 shares[16]. - The top ten shareholders do not have any known related party relationships or concerted actions, except for the connections between shareholders Yang Zhimao and Zhu Fenglian[19]. Subsidiary Developments - The registered capital of the subsidiary Zhongshan Securities increased from ¥1.7 billion to ¥1.78 billion[20]. - The company has completed the registration of capital increase for Zhongshan Securities[20]. - The company’s investment in Dongguan Securities has been approved for an initial public offering[20].

Financial Performance - Total revenue for 2021 was ¥1,006,469,763.81, a decrease of 39.84% compared to ¥1,673,021,432.45 in 2020[71] - Net profit attributable to shareholders was -¥131,441,938.60, representing a decline of 298.93% from ¥66,075,368.81 in the previous year[71] - The net cash flow from operating activities was -¥2,460,735,508.66, a decrease of 169.67% compared to ¥3,532,054,827.86 in 2020[71] - Total assets at the end of 2021 were ¥20,873,339,282.22, down 11.93% from ¥23,702,118,815.95 at the end of 2020[71] - Total liabilities decreased by 14.78% to ¥15,626,369,828.09 from ¥18,336,379,724.77 in 2020[71] - Basic earnings per share for 2021 was -¥0.15, a decline of 314.29% from ¥0.07 in 2020[71] - The weighted average return on equity was -3.94%, a decrease of 5.90 percentage points from 1.96% in 2020[71] - The company reported a significant increase in other comprehensive income, with a net amount of ¥21,814,059.78, compared to -¥11,522,727.97 in 2020, marking a 289.31% change[71] - The net profit after deducting non-recurring gains and losses was -¥113,378,251.55, a decrease of 307.41% from ¥54,664,809.82 in 2020[71] - The total equity attributable to shareholders decreased by 3.19% to ¥3,290,801,581.51 at the end of 2021 from ¥3,399,089,921.89 at the end of 2020[71] Business Operations and Strategy - The company’s major business has transitioned to securities company operations since 2014, following the acquisition of Zhongshan Securities[27] - The company has undergone significant asset restructuring since its establishment in 1997, moving from textile production to financial services[27] - The company completed the acquisition of 40% equity in Dongguan Securities in June 2009, marking its entry into the financial sector[27] - The company’s main operating business is now classified under the financial industry, specifically capital market services[27] - Zhongshan Securities has actively engaged in market expansion and strategic partnerships to enhance its competitive position in the financial sector[36] - The company is exploring market expansion opportunities, particularly in emerging regions within China[54] - Zhongshan Securities is actively pursuing mergers and acquisitions to strengthen its market position and diversify its service offerings[58] - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming year[128] - Future strategies include potential mergers and acquisitions to strengthen market position and improve profitability[128] Governance and Compliance - The company has established a comprehensive organizational structure, including a board of directors and various committees to ensure effective governance[46] - Zhongshan Securities operates with a robust governance framework, adhering to relevant laws and regulations to maintain operational integrity[49] - The company is committed to maintaining transparency and compliance with regulatory requirements to protect the interests of all stakeholders[161] - The company plans to enhance its governance and internal control systems in response to the new Securities Law effective from March 1, 2020[153] - The board of directors highlighted the importance of maintaining compliance with regulatory standards, with no penalties reported in the last three years[179] Shareholder and Capital Structure - The profit distribution plan approved by the board is to distribute a cash dividend of 0.10 RMB per 10 shares (including tax) to all shareholders[7] - As of the end of the reporting period, New Century Company held 250 million shares, accounting for 27.90% of the total share capital[27] - The company’s total share capital increased from 66,803,300 shares to 126,926,270 shares after a stock bonus and capital increase in November 1997[39] - The company acquired a 66.0517% stake in Zhongshan Securities for 259.55 million RMB in September 2013, with the registered capital of Zhongshan Securities being 895 million RMB[41] - By September 2017, Zhongshan Securities' registered capital increased from 1.355 billion RMB to 1.7 billion RMB, with the company's stake rising to 70.96%[43] - In January 2022, Zhongshan Securities' registered capital was further increased to 1.78 billion RMB[45] Employee and Management Information - The total number of employees at the end of the reporting period was 1,422, with 60 in the parent company and 1,362 in major subsidiaries[198] - A total of 1,862 employees received compensation during the reporting period[198] - The company employed 71 technical staff and 71 financial personnel, indicating a strong focus on technical and financial expertise[198] - The educational background of employees includes 8 with doctoral degrees, 291 with master's degrees, and 886 with bachelor's degrees, reflecting a highly educated workforce[198] - The total remuneration for directors, supervisors, and senior management in 2021 amounted to 16.68 million CNY[181] Market and Industry Trends - The total assets of the securities industry increased by 19.07% year-over-year, reaching ¥10.59 trillion in 2021[88] - The net profit of the securities industry grew by 21.32% year-over-year, totaling ¥1,911.19 billion in 2021[88] - The number of A-share capital accounts opened by clients increased by 14.89% year-over-year, reaching 298 million accounts[88] - The securities industry is expected to benefit from increasing investment and financing demands driven by economic growth and rising household incomes[152] Financial Challenges and Risks - Total operating income for the first quarter was ¥345,696,686.97, while the fourth quarter showed a significant decline to -¥45,092,381.59[79] - The company reported a significant loss in the headquarters segment, with a profit of -CNY 271,175,332.73, down from a profit of CNY 160,071,417.09 in the previous year, marking a decline of 269.41%[122] - The company experienced a 280.80% decline in structured business profits, reporting -CNY 156,645,756.82 compared to a profit of CNY 2,869,268.18 in the previous year[122] - The company’s total liabilities increased significantly, impacting the overall financial stability[128] Future Outlook - The company provided a future outlook, projecting a revenue growth of 10% for the next fiscal year, targeting 1.32 billion RMB[178] - The company plans to invest 200 million RMB in technology upgrades over the next two years to improve service delivery[178] - The management team emphasized a focus on sustainability initiatives, aiming for a 30% reduction in operational carbon footprint by 2025[178]

Financial Performance - Total revenue for Q3 2021 was ¥362,331,675.13, a decrease of 17.37% compared to the same period last year[5] - Net profit attributable to shareholders was ¥32,683,905.47, down 16.27% year-on-year, while net profit after deducting non-recurring gains and losses was ¥45,584,003.16, an increase of 22.35%[5] - Basic earnings per share for Q3 2021 was ¥0.036, down 18.18% year-on-year, and diluted earnings per share was also ¥0.036[5] - The net profit attributable to shareholders of the parent company decreased by 83.13% to CNY 34,054,283.29 compared to the same period last year, primarily due to the decline in performance of Zhongshan Securities[15] - Net profit for the current period is ¥61,407,495.69, down 80.4% from ¥312,834,758.39 in the same period last year[29] - Earnings attributable to the parent company's shareholders is ¥34,054,283.29, compared to ¥201,890,251.02 in the previous year, reflecting a significant decline[33] - The company's comprehensive income for the current period is ¥82,990,236.48, down from ¥295,660,005.94 in the previous year[33] - Basic earnings per share decreased to ¥0.038 from ¥0.225, indicating a decline of 83.1%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥1,711,096,077.26, a decline of 258.81% compared to the same period last year[5] - Operating cash inflow from operating activities increased by 1,149.65% to CNY 1,949,661,522.33, mainly due to increased cash inflow from repurchase business of Zhongshan Securities[15] - The net cash flow from operating activities turned negative at CNY -1,711,096,077.26, a decrease of 258.81% compared to the previous year, primarily due to increased cash outflow from operating activities of Zhongshan Securities[15] - Cash inflow from operating activities totaled 1,949,661,522.33, while cash outflow was 3,660,757,599.59, resulting in a net cash outflow[37] - The net cash flow from investment activities was 12,398,304.40, slightly up from 12,349.77 in the previous period[41] - The net cash flow from financing activities was -89,227,352.21, an improvement from -1,446,427,183.09 in the previous period[41] Assets and Liabilities - Total assets as of September 30, 2021, were ¥22,582,196,697.77, a decrease of 4.72% from the end of the previous year[7] - Total assets decreased to CNY 22,582,196,697.77 as of September 30, 2021, down from CNY 23,702,118,815.95 at the end of 2020[22] - Total liabilities decreased to ¥17,133,467,370.11 from ¥18,336,379,724.77, a reduction of approximately 6.6%[25] - Total liabilities amounted to approximately 18.34 billion, with a slight increase of 0.52% compared to the previous period[47] - The total amount of financial liabilities reached approximately 7.48 billion, remaining stable[47] Equity - The total equity attributable to shareholders was ¥3,455,502,276.49, reflecting a 1.66% increase compared to the previous year[7] - Total equity increased to ¥5,448,729,327.66 from ¥5,365,739,091.18, showing a growth of about 1.5%[25] - The total equity of the company stands at approximately 5.37 billion, unchanged from the previous period[47] - The company has a total of 1.31 billion in undistributed profits, indicating retained earnings[47] Other Financial Metrics - The weighted average return on net assets was 0.95%, a decrease of 0.15 percentage points compared to the end of the previous year[7] - The company reported a significant decrease in non-operating income, with a total of ¥1,641,144.81 for the year-to-date, down 94.82% year-on-year[11] - The company reported a net investment income of ¥529,624,098.92, down from ¥726,985,457.75, a decrease of 27.2%[29] - Total operating expenses for the current period are ¥864,961,458.51, a decrease of 28.4% from ¥1,208,747,201.53 in the previous period[29] - The company reported a significant increase in cash received from interest, fees, and commissions, totaling 1,211,981,932.35, down from 1,719,384,254.25[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,740, with the largest shareholder holding 27.90% of the shares[16] Audit and Reporting - The company has not conducted an audit for the third quarter report[50] - The report does not include retrospective adjustments for prior comparative data under the new leasing standards[48]

Financial Performance - Total operating revenue for the first half of 2021 was ¥689,230,470.27, a decrease of 41.35% compared to ¥1,175,126,652.80 in the same period last year[27]. - Net profit attributable to shareholders was ¥1,370,377.82, down 99.16% from ¥162,856,120.23 in the previous year[27]. - The net cash flow from operating activities was -¥2,144,463,126.95, a decline of 233.21% compared to ¥1,609,894,796.91 in the same period last year[27]. - Basic earnings per share decreased to ¥0.0015, down 99.17% from ¥0.18 in the previous year[27]. - The company reported a net profit of -¥13,625,572.14 for the second quarter, an improvement of 79.90% compared to -¥67,796,347.70 in the same quarter last year[27]. - The total operating expenses amounted to CNY 599,551,065.80, down 28.09% year-on-year[46]. - Investment income for the period was CNY 37,553.93 million, a decrease of 18.50% year-on-year[40]. - The total operating profit decreased by 41.35% to CNY 689,230,470.27 compared to the previous year, which was CNY 1,175,126,652.80[56]. - The company reported a total comprehensive income of ¥21.52 million, a decrease of 92% from ¥268.87 million in the previous year[191]. Assets and Liabilities - Total assets at the end of the reporting period were ¥23,208,766,082.64, a decrease of 2.08% from ¥23,702,118,815.95 at the end of the previous year[27]. - Total liabilities decreased by 2.81% to ¥17,821,506,347.01 from ¥18,336,379,724.77 at the end of the previous year[27]. - The core net capital at the end of the reporting period was CNY 3,845,868,646.87, a slight decrease of 0.12% from the end of the previous year[36]. - The total amount of restricted assets at the end of the reporting period was CNY 6,778,112,276.03, primarily due to business risk reserves and frozen bank deposits[68]. - The company reported a related party debt of 1.1236987 billion yuan to Dongguan New Century Science and Education Development Co., Ltd., with an interest rate of 10%[124]. Shareholder Information - The total number of shares before the change was 896,000,000, with 14.85% being restricted shares and 85.15% being unrestricted shares[144]. - The largest shareholder, Dongguan New Century Education Development Co., Ltd., holds 27.90% of the total shares, amounting to 250,000,000 shares[148]. - The total number of shareholders at the end of the reporting period was 52,907, with 10 shareholders holding more than 5% of the shares[148]. - The total number of unrestricted shares held by the top 10 shareholders includes 250,000,000 shares from Dongguan New Century Education Development Co., Ltd.[155]. Operational Strategy - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company plans to issue up to 264 million shares, raising a total of no more than 3.32376 billion yuan, aimed at repaying loans and supplementing working capital[137]. - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[189]. Legal and Compliance - The company is involved in a lawsuit regarding a financial loan contract dispute, with an amount of ¥46,635.2 thousand, which has not formed an estimated liability[111]. - The company has filed an appeal in a bond trading dispute involving ¥3,709.4 thousand, and the appeal fee has been paid[111]. - The company has maintained compliance with all regulatory requirements during the reporting period[106]. - There are no violations regarding external guarantees during the reporting period[106]. Audit and Governance - The audit of the semi-annual financial report was conducted by Lixin Accounting Firm, with a fee of 700,000 RMB[107]. - The company’s audit report for the half-year ended June 30, 2021, received a standard unqualified opinion from the auditing firm[172]. - The company’s board of directors elected a new chairperson, Zhang Dandan, on June 29, 2021[137].

Financial Performance - Total revenue for Q1 2021 was CNY 345,696,686.97, a decrease of 20.97% compared to CNY 437,415,335.04 in the same period last year[9] - Net profit attributable to shareholders was CNY 8,766,353.32, down 80.84% from CNY 45,753,344.44 year-on-year[9] - Basic earnings per share decreased by 80.00% to CNY 0.01 from CNY 0.05 in the same period last year[9] - Net profit for the period was ¥18,149,870.86, down from ¥74,409,434.42, representing a decrease of about 75.6%[51] - Earnings attributable to shareholders of the parent company fell to ¥8,766,353.32 from ¥45,753,344.44, a decline of approximately 80.9%[53] - Total comprehensive income decreased to ¥21,153,179.09 from ¥97,189,626.36, a drop of about 78.2%[53] Cash Flow - Net cash flow from operating activities was negative CNY 1,534,258,895.84, a decline of 358.47% compared to CNY 593,582,069.25 in the previous year[9] - Cash flow from operating activities showed a net outflow of -1,534,258,895.84, contrasting with a net inflow of 593,582,069.25 in the previous period[65] - Cash inflow from operating activities totaled 2,095,858,282.81, a significant increase from -457,205,820.54 in the prior period[65] - Cash flow from investing activities resulted in a net outflow of -29,668,407.91, compared to -19,010,043.11 in the prior period[68] - The company's cash flow from financing activities was not detailed in the provided data, indicating a need for further analysis[75] Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,209,743,653.79, an increase of 2.14% from CNY 23,702,118,815.95 at the end of the previous year[9] - The company's total liabilities as of March 31, 2021, included a 42.68% increase in sold repurchased financial assets, totaling 4,590,881,568.98 CNY, attributed to bond repurchase activities[19] - Total liabilities increased to ¥18,822,851,383.52 from ¥18,336,379,724.77, representing a growth of 2.65%[42] - Total assets increased from 23,702,118,815.95 to 23,789,481,892.08, showing an adjustment of 87,363,076.13 due to the new leasing standards[79] - Total liabilities rose from 18,336,379,724.77 to 18,423,742,800.90, reflecting an increase of 87,363,076.13[83] Equity - Net assets attributable to shareholders increased by 0.35% to CNY 3,411,110,660.98 from CNY 3,399,089,921.89 at the end of the previous year[9] - Total equity rose to ¥5,386,892,270.27 from ¥5,365,739,091.18, reflecting an increase of 0.39%[42] - The company's total equity remained stable at ¥2,210,521,049.61 for both reporting dates, indicating no changes in owner’s equity[86] Operational Highlights - The company reported non-operating income of CNY 870,174.89 after tax adjustments[9] - The company did not engage in any repurchase transactions during the reporting period[16] - The company reported no derivative investments during the reporting period[28] - There were no significant changes in the company's major contracts or external guarantees during the reporting period[31][32] - The company did not engage in any entrusted wealth management activities during the reporting period[31] Changes in Financial Metrics - The weighted average return on net assets decreased by 1.10 percentage points to 0.26% from 1.36% year-on-year[9] - The fair value change income for Q1 2021 was -35,873,041.03 CNY, a decline of 201.87% compared to 35,213,586.19 CNY in Q1 2020, primarily due to fluctuations in the fair value of financial products held by Zhongshan Securities[19] - The company's deferred tax liabilities increased by 389.32% to 4,819,591.05 CNY, primarily due to penalties related to construction defaults[19] - The company's operating expenses for Q1 2021 included a 97.45% decrease in non-operating income, totaling 782,922.61 CNY, compared to 30,708,588.36 CNY in the same period last year[19] Other Financial Information - The company has implemented new leasing standards effective from January 1, 2021, which has impacted the financial statements[82] - The first quarter report for 2021 has not been audited, which may impact the reliability of the financial data presented[89]