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]

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]