Financial Performance - The company reported a total revenue of 1.5 billion RMB for the fiscal year, representing a year-over-year increase of 12%[58]. - The company reported a net profit of 300 million RMB, a 20% increase compared to the previous fiscal year[58]. - Total operating revenue for 2020 was ¥1,673,021,432.45, an increase of 10.12% compared to ¥1,519,266,123.74 in 2019[64]. - Net profit attributable to shareholders for 2020 was ¥54,664,809.82, a significant recovery from a loss of ¥20,359,298.97 in 2019, representing a 368.50% increase[64]. - The company achieved total operating revenue of CNY 167,302.14 million, an increase of 10.12% compared to the previous year[93]. - The net profit attributable to the parent company was CNY 6,607.54 million, a decrease of 6.38% year-on-year[93]. - The company's investment income was CNY 86,707.89 million, a decrease of 15.54% compared to the previous year[93]. - The company reported a significant increase in income tax expenses by 52.32%, amounting to CNY 96,765,132.50, due to higher operating profits[102]. - The company reported a total of ¥11,410,558.99 in non-recurring gains and losses for 2020, significantly lower than ¥90,936,756.86 in 2019[72]. Business Strategy and Expansion - The major business transition occurred in 2014, shifting from water supply to securities business, with the company now primarily engaged in capital market services[21]. - The company has actively participated in market expansion through strategic acquisitions and partnerships, enhancing its competitive position in the financial services sector[33]. - The company is focused on expanding its market reach through strategic acquisitions and partnerships, as evidenced by its increasing stake in Zhongshan Securities[34]. - The company plans to continue enhancing its compliance and risk management systems while expanding its wealth management services[93]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for potential deals[58]. - The company intends to promote the IPO of Dongguan Securities to enhance its capital strength and profitability[156]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the year[6]. - The company has not distributed cash dividends or bonus shares for the years 2018, 2019, and 2020, opting instead for capital reserve transfers[166]. - The company did not propose any cash dividend distribution plan for the reporting period, despite having positive profits available for distribution to ordinary shareholders[170]. - The retained earnings from 2020 will be carried forward to meet future operational funding needs[170]. Risk Management and Compliance - The company emphasizes the importance of risk awareness for investors regarding future operational development plans[5]. - The company has established a dynamic risk control indicator monitoring system to ensure compliance with regulatory requirements[158]. - The company has maintained compliance with commitments regarding independence and avoidance of competition with its controlling shareholders[172]. - Zhongshan Securities has undertaken rectification work to improve corporate governance and internal controls as required by regulators[199]. Subsidiaries and Investments - The company holds a 70.96% stake in Zhongshan Securities and a 40% stake in Dongguan Securities, with a focus on expanding their securities business[80]. - Zhongshan Securities achieved operating revenue of CNY 174,203.07 million and net profit of CNY 25,574.54 million[93]. - Dongguan Securities reported operating revenue of CNY 316,471.93 million and net profit of CNY 78,164.83 million[93]. - The company has established a comprehensive governance structure, including a board of directors and various committees to ensure effective decision-making and oversight[39]. Legal Matters - 中山证券 is involved in multiple lawsuits with total amounts at stake of 46,635.2万元, 3,709.4万元, 6,148.11万元, 60,238.92万元, and 81,878.44万元 respectively[183][184][185][186][187]. - 中山证券 has faced litigation related to financial loan contract disputes, with a claim amount of 46,635.2万元[183]. - 中山证券 has been involved in litigation regarding bond defaults, with amounts including 80,330.63万元 and 131,017.15万元, both of which have been resolved[188][189]. - 中山证券 has successfully completed a restructuring plan related to bond defaults, resolving claims of 34,758.66万元[190]. Operational Metrics - User data showed an increase in active users to 10 million, up from 8 million in the previous year, marking a growth of 25%[58]. - The gross margin improved to 40%, up from 35% in the previous year, reflecting better cost management[58]. - The liquidity coverage ratio improved to 337.82%, an increase of 172.37 percentage points year-on-year[76]. - The risk coverage ratio increased to 244.67%, up by 39.91 percentage points from the previous year[76].

Financial Performance - Total operating revenue for the reporting period was CNY 438,518,878.90, an increase of 8.28% year-on-year[9] - Net profit attributable to shareholders was CNY 39,034,130.79, a decrease of 15.61% compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 37,256,994.50, an increase of 231.28% year-on-year[9] - Basic earnings per share for the reporting period were CNY 0.04, a decrease of 20.00% year-on-year[9] - The company reported a net profit of ¥52,433,655.69, down from ¥64,546,468.31, indicating a decline of about 18.6%[50] - The company reported a significant increase in net profit attributable to shareholders of the parent company, reaching ¥201,890,251.02, up from ¥124,429,544.62[68] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,037,486,762.52, a decrease of 19.29% compared to the end of the previous year[9] - The total assets of the company decreased from CNY 27,305,938,998.43 at the end of 2019 to CNY 22,037,486,762.52 by September 30, 2020[36] - The company's trading financial assets were valued at CNY 6,210,717,532.47, down from CNY 9,996,173,815.79 in the previous year[36] - The total liabilities decreased to ¥16,506,518,812.46 from ¥22,070,631,054.31, a reduction of about 25.3%[50] - The total liabilities were $22,070,631,054.31, indicating a minor decrease from $22,073,475,036.14, reflecting a reduction of approximately 0.01%[96] Cash Flow - The net cash flow from operating activities was CNY -532,478,740.84, a decrease of 203.82% compared to the same period last year[9] - Cash flow from operating activities saw a significant decline of 91.11%, totaling ¥156,016,524.78 compared to ¥1,755,923,915.70 in the previous year[20] - The net cash flow from operating activities was 1,077,416,056.07, down from 1,462,184,422.17 in the previous period, reflecting a decrease of approximately 26.3%[79] - The cash flow from financing activities resulted in a net outflow of -1,446,427,183.09, compared to -74,817,682.60 in the previous period, indicating a substantial increase in cash outflow[82] Shareholder Information - The total number of shareholders at the end of the reporting period was 55,526[13] - The largest shareholder, Dongguan New Century Education Development Co., Ltd., held 27.90% of the shares[13] Other Financial Metrics - The weighted average return on net assets was 1.10%, a decrease of 0.26 percentage points compared to the previous year[9] - The total comprehensive income for the period was CNY 26,788,889.45, compared to CNY 50,010,096.47 in the previous period, reflecting a decline of approximately 46.4%[54] - The total profit for the period was CNY 19,895,128.35, compared to CNY 8,316,560.09 in the previous period, representing an increase of approximately 139.1%[61] - The total comprehensive income for the current period was ¥295,660,005.94, compared to ¥124,582,742.58 in the previous period[68] Investment and Financing Activities - The company’s long-term borrowings increased by 52.30% to ¥3,315,500,000.00 from ¥2,176,924,766.67 at the end of 2019[19] - The company reported a significant increase in interest, fees, and commissions received, totaling 1,719,384,254.25, compared to 1,461,403,581.51 in the previous period[79] - The company did not conduct any repurchase transactions during the reporting period[16] - The company did not engage in derivative investments during the reporting period[28] Changes in Financial Reporting - The company has implemented new revenue and leasing standards starting from January 1, 2020, which required adjustments to the financial statements[92] - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[106]

Financial Performance - Total operating revenue for the first half of 2020 reached ¥1,175,126,652.80, an increase of 42.61% compared to ¥823,986,725.24 in the same period last year[23]. - Net profit attributable to shareholders was ¥162,856,120.23, representing a significant increase of 108.33% from ¥78,173,240.91 in the previous year[23]. - The net cash flow from operating activities was ¥1,609,894,796.91, up 69.59% from ¥949,308,151.48 year-on-year[23]. - Basic earnings per share doubled to ¥0.18 from ¥0.09 in the same period last year, reflecting a 100% increase[23]. - Operating profit reached CNY 341.32 million, up 87.88% compared to the previous year[48]. - The company reported a 100.72% increase in total profit to CNY 368.66 million year-on-year[48]. - The company reported a significant increase in net commission income from fees, totaling CNY 686,102,018.91, compared to CNY 582,071,351.92 in the previous year, reflecting a growth of 17.8%[191]. Assets and Liabilities - Total assets at the end of the reporting period were ¥25,273,933,310.07, a decrease of 7.44% from ¥27,305,938,998.43 at the end of the previous year[23]. - Total liabilities decreased by 10.43% to ¥19,769,754,249.46 from ¥22,070,631,054.31 year-on-year[23]. - The core net capital at the end of the reporting period was CNY 3,992.97 million, an increase of 7.27% from the end of the previous year[34]. - The total assets of the company decreased by 9.92% to CNY 11,059.96 million compared to the previous year[34]. - The company's total liabilities decreased to ¥19,769,754,249.46 as of June 30, 2020, compared to ¥22,070,631,054.31 at the end of 2019, reflecting a reduction of about 10.4%[180]. - The company's total equity decreased to CNY 2,277,168,782.28 from CNY 2,329,748,946.90, a decline of 2.2%[191]. Comprehensive Income - Other comprehensive income improved significantly to ¥8,470,013.79 from a loss of ¥59,117,418.31, marking a 114.33% increase[23]. - The company's other comprehensive income increased by 57.03% to ¥27,414,729.02, influenced by fair value changes in stocks and local government bonds[75]. - Other comprehensive income attributable to the parent company was CNY 8,470,013.79, a recovery from a loss of CNY -59,117,418.31 in the first half of 2019[193]. Investment and Income - Investment income decreased by 10.86% to CNY 460.80 million compared to the previous year[48]. - The company reported a significant increase in investment income, amounting to CNY 460,796,536.63, which accounted for 124.99% of the total profit[66]. - Fair value change gains surged by 1,176.85% to ¥237,761,037.90, compared to a loss of ¥22,079,395.94 in the same period last year[50]. - Other income rose significantly by 510.61% to ¥14,635,961.54, primarily due to increased government subsidies and tax refunds[50]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[7]. - The largest shareholder, Dongguan New Century Science and Education Development Co., Ltd., holds 250,000,000 shares, accounting for 27.90% of the total shares[153]. - The company has a total of 51,840 shareholders, with no significant changes in the number of shares held during the reporting period[153]. - The company’s shareholding structure shows a significant concentration of ownership among a few major shareholders[153]. Legal and Regulatory Matters - The company is involved in multiple ongoing litigation cases, with amounts ranging from 3,709.4 thousand RMB to 80,330.63 thousand RMB[108]. - Zhongshan Securities reported a lawsuit against Yi for failure to repay financing principal and interest, involving an amount of 403.35 million yuan[111]. - The company has not engaged in any related party transactions during the reporting period[117]. - Zhongshan Securities received regulatory notices regarding governance and internal management issues from the Shenzhen Securities Regulatory Bureau[115]. Corporate Social Responsibility - The company donated RMB 5 million to support the fight against COVID-19 in Hubei Province[143]. - The company has established partnerships with four national-level poverty-stricken counties, with three of them having achieved poverty alleviation[138]. - The company continues to explore innovative financial products and services to support poverty alleviation efforts in collaboration with local enterprises[137].

Financial Performance - Total revenue for Q1 2020 was ¥437,415,335.04, a decrease of 15.86% compared to ¥519,848,912.38 in the same period last year[9] - Net profit attributable to shareholders was ¥45,753,344.44, down 48.50% from ¥88,841,453.75 year-on-year[9] - Net profit excluding non-recurring gains and losses was ¥30,254,798.14, a decline of 66.07% from ¥89,162,370.56 in the previous year[9] - Basic earnings per share were ¥0.051, down 48.48% from ¥0.099 year-on-year[9] - The weighted average return on equity was 1.36%, a decrease of 1.18 percentage points from 2.54% in the previous year[9] - The net profit attributable to the parent company's shareholders decreased by 48.50% to ¥45,753,344.44 compared to the same period last year[21] - Net profit for the first quarter was CNY 74,409,434.42, down from CNY 124,235,657.42 in the previous period, representing a decline of 40.1%[52] - The net profit attributable to the parent company was CNY 45,753,344.44, a decrease from CNY 88,841,453.75 in the previous period, representing a decline of approximately 48.5%[54] Cash Flow - Net cash flow from operating activities was ¥593,582,069.25, a decrease of 61.49% compared to ¥1,541,233,193.64 in the same period last year[9] - The total cash inflow from operating activities decreased by 136.46% to -¥457,205,820.54 compared to the same period last year[21] - The total cash outflow from operating activities increased by 265.85% to -¥1,050,787,889.79 compared to the same period last year[21] - The net increase in cash and cash equivalents decreased by 103.22% to -¥45,709,884.36 compared to the same period last year[21] - The net cash flow from operating activities was -14,650,077.72, compared to -9,388,144.91 in the previous period, indicating a decline in operational cash flow[71] - Cash inflow from financing activities totaled 3,187,953,400.00, significantly up from 856,360,000.00 in the prior period, reflecting increased borrowing and capital raising efforts[68] - The net cash flow from investing activities was -19,010,043.11, an improvement from -36,435,867.41 in the previous period, suggesting better management of investment expenditures[68] - The company experienced a net increase in cash and cash equivalents of -45,709,884.36, contrasting sharply with a net increase of 1,417,730,226.96 in the prior period, indicating a tightening cash position[68] Assets and Liabilities - Total assets at the end of the reporting period were ¥25,345,411,071.01, a decrease of 7.18% from ¥27,305,938,998.43 at the end of the previous year[9] - Total liabilities decreased to CNY 20,012,913,500.53 from CNY 22,070,631,054.31, a reduction of approximately 9.3%[52] - The total assets as of March 31, 2020, amounted to ¥25,345,411,071.01, a decrease from ¥27,305,938,998.43 as of December 31, 2019, representing a decline of approximately 7.17%[38] - The expected liabilities decreased by 88.17% to ¥4,112,571.43 compared to the previous period[20] - Long-term borrowings rose significantly to CNY 3,399,000,000.00 from CNY 2,176,924,766.67, an increase of 56.0%[52] Equity - Net assets attributable to shareholders increased by 2.10% to ¥3,412,524,342.53 from ¥3,342,302,360.52 at the end of the previous year[9] - The company's equity attributable to shareholders increased to CNY 3,412,524,342.53 from CNY 3,342,302,360.52, reflecting a growth of 2.1%[52] - The company’s total equity decreased slightly to CNY 5,332,497,570.48 from CNY 5,235,307,944.12, a decline of 1.8%[52] Other Income and Expenses - The company received government subsidies amounting to ¥2,134,930.24 during the reporting period[9] - The company reported a non-recurring gain of ¥15,498,546.30 after accounting for tax and minority interests[9] - The interest net income decreased by 182.19% to -¥143,571,275.69 compared to the same period last year[20] - The other income increased by 1,810.69% to ¥2,226,861.94 compared to the same period last year[20] - The total operating expenses amounted to CNY 14,620,853.77, an increase from CNY 9,613,601.29 in the previous period, indicating a rise of approximately 52.3%[57] Compliance and Reporting - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] - The report indicates that there were no violations regarding external guarantees during the reporting period[33] - The first quarter report for 2020 was not audited[89]

Financial Performance - The company reported a revenue of 1.2 billion RMB for the fiscal year, representing a 15% increase year-over-year[60]. - Total revenue for 2019 was CNY 1,519,266,123.74, an increase of 55.26% compared to CNY 978,554,468.20 in 2018[69]. - Net profit attributable to shareholders was CNY 70,577,457.89, a significant recovery from a net loss of CNY 181,168,933.25 in the previous year[69]. - Operating cash flow for 2019 was CNY 2,543,021,731.44, up 38.90% from CNY 1,830,892,529.89 in 2018[69]. - Basic earnings per share improved to CNY 0.08 from a loss of CNY 0.20 in 2018, marking a 140.00% increase[69]. - The company achieved total operating revenue of CNY 151,926.61 million, an increase of 55.26% year-on-year[97]. - Operating profit reached CNY 20,681.16 million, up 261.18% compared to the previous year[97]. - Net profit attributable to shareholders was CNY 7,057.75 million, representing a significant increase of 138.96% year-on-year[97]. - Investment income amounted to CNY 102,663.16 million, an increase of 11.44% from the previous year[97]. Business Transition and Strategy - The major business transition occurred in 2014, shifting from water supply to securities business, with the acquisition of Zhongshan Securities controlling stake[21]. - The company’s main operating business is now classified under the financial industry, specifically capital market services[21]. - The company has undergone significant asset restructuring since 2000, gradually moving away from textile and real estate businesses[21]. - The company has been actively involved in market expansion through various business qualifications and acquisitions over the years[12]. - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming periods[139]. Shareholder and Capital Structure - As of the end of the reporting period, New Century Company held 250 million shares, accounting for 27.90% of the total share capital[21]. - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - Following the acquisition, the company increased its total share capital from 448 million shares to 896 million shares through a capital reserve conversion in May 2014[33]. - The company was approved for a non-public offering of up to 143.38 million new shares in August 2012, increasing its total share capital to 448 million shares[32]. - The company did not propose a cash dividend distribution for 2019, continuing the trend from 2018 and 2017[183]. Risk Management and Compliance - The company emphasizes the importance of risk awareness for investors regarding future operational plans[6]. - The company’s future development plans are subject to various risk factors, which are detailed in the annual report[6]. - The company adheres to regulatory frameworks such as the Company Law and Securities Law to ensure compliance and governance[42]. - The company has implemented a strategic focus on compliance risk management and IT infrastructure development[96]. - The new Securities Law took effect on March 1, 2020, prompting the company to improve its governance and internal control systems[171]. Subsidiaries and Acquisitions - The company completed the acquisition of 40% stake in Dongguan Securities in June 2009, marking its entry into the financial sector[21]. - In September 2013, the company acquired a 66.0517% stake in Zhongshan Securities for a cash consideration of RMB 259.55 million[33]. - The company established a new subsidiary, Shenzhen Jinhong Shaohui Investment Co., Ltd., during the reporting period[165]. - The company completed the repayment of its bond "16 Jinlong 01" during the reporting period[96]. - The company is actively pursuing investment banking services for small and medium-sized technology enterprises[96]. Market Presence and Growth - User data showed a growth of 25% in active users, reaching 5 million by the end of the year[60]. - Market expansion efforts have led to a 30% increase in market share in the Southeast Asia region[60]. - A new marketing strategy was implemented, resulting in a 20% increase in customer engagement[60]. - The company plans to open 50 new retail locations in key urban areas over the next year[60]. - The company has expanded its operations significantly since its inception, including a relocation to Shenzhen in 2003[39]. Financial Assets and Liabilities - The company's total assets included CNY 5,259,263,917.80 in cash, representing 19.26% of total assets[135]. - The company's financial assets totaled approximately CNY 30.64 billion at the end of the reporting period, reflecting a decrease of 0.51% from the previous period[139]. - The company's borrowings increased significantly, with short-term loans rising by 132.76% to CNY 1.86 billion[144]. - The total amount of restricted assets was CNY 7.66 billion, primarily due to frozen funds and pledged securities[140]. - The company's total liabilities included CNY 2,176,924,766.67 in long-term loans, which accounted for 7.97% of total assets[135]. Changes in Accounting Policies - The company has made significant accounting policy changes effective from January 1, 2019, impacting various financial statement items[191]. - The reclassification of financial assets resulted in a decrease of 11.55 billion CNY in financial assets measured at fair value through profit or loss[191]. - Long-term equity investments decreased by ¥99,679,136.03, and other comprehensive income increased by ¥49,362,211.06 due to the implementation of new financial instrument standards[194]. - Deferred tax assets increased by ¥13,772,461.34, and deferred tax liabilities increased by ¥10,027,213.14, impacting income tax due to new financial instrument standards[194].

Financial Performance - Operating revenue for the reporting period was CNY 405,000,279.23, representing a year-on-year increase of 52.18%[9] - Net profit attributable to shareholders was CNY 46,256,303.71, a significant increase of 252.98% compared to the same period last year[9] - Basic earnings per share for the reporting period was CNY 0.05, reflecting a growth of 266.67% year-on-year[9] - The weighted average return on equity increased by 1.36% to 1.36%, up 2.21 percentage points from the previous year[9] - The net income attributable to shareholders for the first nine months of 2019 was RMB 124,429,544.62, representing a 258.53% increase from a loss of RMB 78,490,404.48 in the previous year[22] - The company reported a total profit of ¥81,563,722.06, compared to a loss of ¥30,225,500.58 in the previous period, showcasing a strong recovery[53] - The net profit attributable to the parent company was ¥124,429,544.62, compared to a net loss of ¥78,490,404.48 in the previous period[69] - The total comprehensive income amounted to ¥124,582,742.58, contrasting with a loss of ¥39,409,132.18 in the prior year[69] Cash Flow - The net cash flow from operating activities was CNY 1,462,184,422.17, showing a year-on-year increase of 15.37%[9] - The company's cash flow from operating activities decreased by 38.99% to RMB 1,755,923,915.70, down from RMB 2,878,072,359.27 in the same period last year[22] - Cash flow from operating activities generated a net amount of 1,462,184,422.17, compared to 1,267,397,044.08 in the previous period, indicating stronger cash generation[79] - Cash flow from investing activities resulted in a net inflow of 64,310,956.36, up from 22,773,868.68 year-over-year[81] - Cash flow from financing activities showed a net outflow of -74,817,682.60, an improvement from -830,620,085.17 in the previous period[83] Assets and Liabilities - Total assets at the end of the reporting period were CNY 28,630,142,053.78, a decrease of 4.29% compared to the previous year-end[9] - The total amount of receivables increased by 97.61% to RMB 250,089,501.62, primarily due to the transfer of equity in Dongguan Rural Commercial Bank[20] - Short-term borrowings increased by 75.13% to RMB 1,401,000,000.00, up from RMB 800,000,000.00 at the end of 2018[20] - The company's total liabilities increased significantly, with total short-term borrowings and long-term borrowings rising by 75.13% and 43.93%, respectively[20] - Total liabilities decreased from ¥24,631,569,072.42 to ¥23,333,785,257.94, a decline of about 5.3%[42] - The company's total assets were reported at CNY 29,914,460,712.77, down by CNY 100,887,667.51 compared to the last reporting period[99] Shareholder Information - The top ten shareholders held a total of 27.90% of shares, with Dongguan New Century Education Development Co., Ltd. being the largest shareholder[13] - The company did not engage in any repurchase agreements among the top ten shareholders during the reporting period[17] Government Support - The company received government subsidies amounting to CNY 3,836,715.70 during the reporting period[9] Other Financial Metrics - The company's financial assets measured at fair value decreased by 82.16% to RMB 992,187.15, down from RMB 5,560,882.04[20] - The net income from commission and fee income rose by 34.67% to RMB 838,419,936.55, compared to RMB 622,562,796.60 in the previous year[20] - The company reported a 32.89% increase in business and management expenses, totaling RMB 963,449,796.63, up from RMB 724,983,874.99[22] - The company's retained earnings decreased from ¥741,836,744.32 to ¥546,320,413.37, a decline of 26.4%[49] Reporting and Governance - The report was released on October 28, 2019, providing a specific timeline for stakeholders[110] - The chairman of the board is Zhu Fenglian, indicating leadership continuity[110]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 823,986,725.24, an increase of 71.81% compared to CNY 479,592,536.94 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 78,173,240.91, a significant increase of 262.00% from a loss of CNY 48,254,164.63 in the previous year[22]. - The company achieved total operating revenue of CNY 824.99 million, an increase of 71.81% year-on-year[51]. - The net profit attributable to the parent company was CNY 78.17 million, representing a year-on-year increase of 262.00%[51]. - The company reported a total of 80,330.63 million in bond-related litigation, with the case still pending in court[103]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 949,308,151.48, down 39.85% from CNY 1,578,241,142.59 in the same period last year[22]. - The liquidity coverage ratio decreased by 71.14 percentage points to 265.05%[33]. - The net increase in cash and cash equivalents was CNY 823,658,602.95, reflecting a 3.92% increase from CNY 792,584,213.12, mainly due to higher cash flow from financing activities[52]. - The cash flow from operating activities decreased by 67.44% year-over-year, totaling CNY 869,856,505.16, mainly due to reduced cash inflows from repurchase and lending activities[73]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 28,869,264,793.47, a decrease of 3.49% from CNY 29,914,460,712.77 at the end of the previous year[22]. - The total liabilities were CNY 23,622,918,094.10, down 4.09% from CNY 24,631,569,072.42 at the end of the previous year[22]. - The total net capital was CNY 4.02 billion, reflecting a 4.16% increase year-on-year[33]. - The company’s total assets decreased by 8.43% to CNY 12.80 billion compared to the previous year[33]. Investment and Income - Investment income reached CNY 516.92 million, up by 8.44% compared to the previous year[51]. - The net income from commissions and fees reached CNY 582,071,351.92, a 37.35% increase from CNY 423,799,163.67, driven by growth in investment banking activities[52]. - Other income surged by 572.66% to CNY 2,396,960.31 from CNY 356,341.77, primarily due to increased government subsidies received[52]. - The investment amount for the reporting period was CNY 3,000,000.00, a significant decrease of 94.34% compared to the previous year's investment of CNY 53,000,000.00[73]. Shareholder Information - The total number of shares is 896 million, with 88.84% being unrestricted shares[141]. - The total number of ordinary shareholders at the end of the reporting period was 56,769[145]. - The largest shareholder, Dongguan New Century Science and Education Development Co., Ltd., holds 250,000,000 shares, representing 27.90% of the total shares[145]. - A total of 100,003,203 restricted shares were released during the reporting period[144]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares for this period[7]. - The company has no significant penalties or rectifications during the reporting period[109]. - The company did not engage in any significant related party transactions during the reporting period[111]. - The company has no non-operating fund occupation by its controlling shareholder or related parties during the reporting period[117]. Legal Matters - The company is involved in significant litigation with a claimed amount of 46,635.2 thousand RMB[99]. - The company has ongoing litigation cases, including a case against a debtor for 2.88358 million RMB in principal and 653,830.11 RMB in interest, which has not been executed[115]. - The company has successfully resolved several litigation cases, with debtors repaying amounts totaling 2.042 million RMB[115]. - A lawsuit involving 11,038.5 million has been concluded with a judgment in favor of the company, and the case has been executed[103]. Risk Factors - The company faces various risk factors that may impact future development, which are detailed in the report[6]. - The risk coverage ratio improved by 20.20 percentage points to 179.03%[33]. Future Plans - The company plans to continue its investment strategy focusing on long-term equity investments, which are expected to be sustainable[61]. - The company aims to enhance the incentive mechanism for management personnel at Zhongshan Securities to attract top industry talent[89].

Financial Performance - The company's operating revenue for Q1 2019 was CNY 519,848,912.38, representing a 63.48% increase compared to CNY 317,994,749.66 in the same period last year[9]. - Net profit attributable to shareholders for Q1 2019 reached CNY 88,841,453.75, a significant increase of 137.97% from CNY 37,333,710.89 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was CNY 89,162,370.56, up 160.96% from CNY 34,167,375.52 in the previous year[9]. - Basic earnings per share for Q1 2019 were CNY 0.099, reflecting a 135.71% increase from CNY 0.042 in the previous year[9]. - The net profit attributable to shareholders of the parent company increased by 137.97% to ¥88,841,453.75, up from ¥37,333,710.89[26]. - Net profit for the period reached ¥124,235,657.42, compared to ¥52,842,687.32 in the previous period, marking an increase of approximately 135.4%[53]. - The net profit attributable to the parent company was ¥88,841,453.75, up from ¥37,333,710.89, reflecting a growth of about 138.5%[55]. Cash Flow - The net cash flow from operating activities was CNY 1,541,233,193.64, an increase of 14.26% compared to CNY 1,348,888,909.81 in the same period last year[9]. - Cash inflow from operating activities totaled CNY 1,254,014,793.71, down from CNY 2,022,853,997.92 in the previous period[65]. - The net cash flow from financing activities was CNY -87,067,099.27, an improvement from CNY -218,038,462.39 in the previous period[69]. - The ending cash and cash equivalents balance was CNY 6,114,556,714.47, up from CNY 5,773,473,577.99 in the previous period[69]. - The company reported a cash outflow of 107,980.00 million for debt repayment during the financing activities[77]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 29,707,531,883.40, a slight decrease of 0.69% from CNY 29,914,460,712.77 at the end of the previous year[9]. - The company's total assets amounted to 29,914.46 million, showing a slight decrease of 161.76 million compared to the previous period[84]. - Total liabilities decreased from ¥24,631,569,072.42 to ¥24,510,269,231.66, a reduction of approximately 0.5%[42]. - The company's total liabilities remained unchanged at 3,838,106,193.23[89]. - The equity attributable to the owners of the parent company decreased by 158.50 million, totaling 3,447.73 million[84]. Comprehensive Income - The company's other comprehensive income after tax decreased significantly by 210.75% to -¥41,545,507.68[26]. - Other comprehensive income increased from ¥15,813,730.68 to ¥44,117,796.40, an increase of approximately 179.5%[42]. - Other comprehensive income after tax showed a loss of -¥47,902,417.02, compared to -¥13,100,488.25 in the previous period[55]. - The company reported a significant increase in other comprehensive income, rising from -1,489,638.18 to 47,872,572.88, a change of 3,313.73%[89]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,488, with the top ten shareholders holding significant stakes[12]. - The company engaged in investor communications regarding its business development and IPO matters during the first quarter of 2019[34]. Financial Standards and Reporting - The company has adopted new financial instrument standards starting January 1, 2019, affecting accounting policies and reporting[90]. - The first quarter report for 2019 was not audited, indicating preliminary figures[93]. - The company did not restate comparable figures for 2018 due to the new accounting policy implementation[90].

Financial Performance - The company reported a revenue of 1.2 billion RMB for the fiscal year, representing a year-over-year increase of 15%[60]. - The company's operating revenue for 2018 was CNY 1,175,222,238.59, representing a decrease of 16.73% compared to the previous year[66]. - The net profit attributable to shareholders for 2018 was CNY 194,283,167.21, reflecting a significant decline of 193.25% year-over-year[66]. - The net profit after deducting non-recurring gains and losses was CNY 174,247,742.69, down 191.65% from the previous year[66]. - The company reported a quarterly operating revenue of CNY 317,994,749.66 in Q1 2018, with a net profit of CNY 37,333,710.89[75]. - The company experienced a significant decline in net profit in Q2 2018, reporting CNY -85,587,875.52[75]. - The company reported a significant increase of 816.28% in settlement reserves, attributed to increased client reserves at Zhongshan Securities[84]. - The company achieved total operating revenue of CNY 978.55 million, a decrease of 16.73% compared to the previous year[94]. - The net profit attributable to the parent company was CNY -181.17 million, a significant decline of 193.25% year-on-year[94]. - The subsidiary Zhongshan Securities reported operating income of CNY 1.17 billion and a net profit of CNY 65.59 million[94]. - Investment income decreased by 8.49% year-on-year to CNY 921.23 million[96]. - The company's interest income dropped by 44.10% year-on-year, primarily due to reduced interest income from financial institutions and increased borrowing costs[96]. - The total operating profit for the year was approximately -¥128.31 million, a decline of 143.98% from a profit of ¥291.77 million in the previous year[121]. - The net profit attributable to the parent company's shareholders decreased by 193.25%, from ¥194 million in 2017 to a loss of ¥181 million in 2018, mainly due to reduced profits from Zhongshan Securities[132]. Business Transition and Focus - The major business transition from textile production to financial services was completed, with the company primarily engaged in securities business since 2014[21]. - The company’s business focus has shifted from water supply and real estate to securities and financial services since 2014[21]. - The company completed the acquisition of 40% equity in Dongguan Securities in June 2009, marking a significant step into the financial sector[21]. - Zhongshan Securities operates multiple business divisions, including retail, investment banking, and asset management, with a total of 11 branches[44]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic acquisitions and capital increases[36]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The company did not distribute any cash dividends, as the net profit available for distribution was negative at -¥18,116,890.00[174]. - The cash dividend payout ratio for 2017 was 46.12%, with a total cash dividend of ¥89,600,000.00 distributed[174]. - The company’s average distributable profit over the last three years was ¥17,085,020.00, meeting the requirements of its articles of association[174]. Capital and Equity Structure - As of the end of the reporting period, the largest shareholder, New Century Company, held 250 million shares, accounting for 27.90% of the total share capital[21]. - The company has undergone significant asset restructuring since 2000, impacting its core business areas[21]. - Zhongshan Securities Co., Ltd. has a registered capital of CNY 1.7 billion and holds a 70.96% stake in its subsidiary[50]. - Dongguan Securities Co., Ltd. has a registered capital of CNY 1.5 billion with a 40.00% ownership stake[50]. - The company completed a stock bonus issue of 2 shares for every 10 shares held in June 1999, increasing total shares from 126,926,270 to 152,311,524[34]. - In May 2014, the company executed another stock bonus issue of 10 shares for every 10 shares held, doubling the total shares to 896,000,000[35]. Risk Management and Governance - The company emphasizes the importance of risk awareness for investors regarding future operational plans[7]. - The company has established a comprehensive governance structure, including a board of directors and various committees to ensure effective decision-making and oversight[41]. - Zhongshan Securities aims to enhance its internal control and risk management, improving operational efficiency of its board and management[157]. - The company has established a dynamic risk control indicator monitoring mechanism focusing on net capital and liquidity[167]. - In 2018, Zhongshan Securities invested a total of ¥19,092,882.89 in compliance and risk management[168]. Market Expansion and Strategic Plans - The company is focused on expanding its service offerings through the establishment of new offices in strategic locations[53]. - The operational strategy includes enhancing customer engagement through localized services at each office[53]. - The company aims to leverage its extensive network to improve market penetration and client acquisition[53]. - Market expansion plans include entering three new provinces, projected to increase market share by 5%[62]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for this purpose[63]. - A strategic partnership with a leading tech firm is expected to drive innovation and improve operational efficiency[60]. Financial Position and Assets - The total assets at the end of 2018 were CNY 33,341,055,448.55, a decrease of 10.28% from the previous year[70]. - The total liabilities at the end of 2018 were CNY 27,813,252,771.37, down 11.44% year-over-year[70]. - The basic earnings per share for 2018 was CNY -0.20, a decrease of 190.91% compared to the previous year[70]. - The liquidity coverage ratio increased to 336.19%, up by 66.33 percentage points from the previous year[79]. - The company's fixed assets increased by 44.03% due to the transfer of investment properties to fixed assets[84]. - The company's receivables increased by 99.88%, primarily due to increased business transactions at its subsidiary Zhongshan Securities[84]. - The total assets of the company decreased by 8.57% to ¥13,983,365,182.58 compared to the end of 2017[79]. Subsidiary Performance - The company’s subsidiary Dongguan Securities achieved operating income of CNY 1.53 billion and a net profit of CNY 190.10 million[94]. - The total assets of the subsidiary Dongguan Securities were CNY 28.074 billion, with a net profit of CNY 19.01 million, a decrease of 74.97% year-on-year[148]. - The subsidiary Zhongshan Securities achieved operating revenue of CNY 1.169 billion, an increase of 12.41% year-on-year, while net profit attributable to the parent company was CNY 65.59 million, a decrease of 53.72%[148]. Compliance and Legal Matters - The company has not faced any penalties or rectification issues during the reporting period[190]. - There are ongoing significant litigation cases involving amounts of 46,635.2 thousand CNY and 80,330.63 thousand CNY, among others[187]. - The company has not engaged in any derivative investments during the reporting period[142]. Audit and Accounting - The current domestic accounting firm is Lixin Certified Public Accountants (Special General Partnership), with an audit fee of 900,000 CNY for the year[184]. - The domestic accounting firm has provided audit services for 8 consecutive years[184]. - The internal control audit fee is 350,000 CNY[184]. - The company adjusted its accounting policy, reclassifying tax withholding fees from non-operating income to other income, affecting the financial statements[181].

广东锦龙发展股份有限公司 2018 年第三季度报告正文 证券代码：000712 证券简称：锦龙股份 公告编号：2018-83 广东锦龙发展股份有限公司 2018 年第三季度报告正文 第一节 重要提示 一、公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个 别和连带的法律责任。 二、所有董事均已出席了审议本次季报的第八届董事会第四次会议。 三、公司负责人朱凤廉、主管会计工作负责人张海梅及会计机构负责人(会 计主管人员)骆伟明声明：保证季度报告中财务报表的真实、准确、完整。 1 广东锦龙发展股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 √ 是 □ 否 追溯调整或重述原因 根据财政部发布的修订财务报表格式相关通知，公司对利润表新增的"资产处置收益"和"其他收益"行项目可比期间的比 较数据进行调整，但不影响可比期间归属于上市公司股东的净资产和净利润金额。 | | 本报告期末 | 上年度末 | | 本报告期末比上年度 | | --- | --- | - ...