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 | | --- | --- | - ...

Financial Performance - The company's operating revenue for the first half of 2018 was approximately ¥479.59 million, representing a decrease of 6.05% compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥48.25 million, a decline of 149.88% compared to a profit of ¥96.74 million in the same period last year[19]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -41,007,653.07 yuan, a decrease of 143.01% compared to the previous period[20]. - The total revenue for the parent company was -71,894,221.24 yuan, a decrease of 193.18% compared to the same period last year[20]. - The basic earnings per share were -0.054 yuan, a decline of 150.00% from the previous year[20]. - The net profit attributable to the parent company was CNY -48.25 million, a decline of 149.88% year-on-year[40]. - The total profit for the period was CNY -3,922,990.18, a sharp drop from CNY 136,330,193.89 in the same period last year[151]. - The company reported a net loss of CNY 28,457,338.41 from continuing operations, contrasting with a profit of CNY 116,800,039.78 in the previous year[151]. - The company's operating expenses rose to CNY 466,742,229.93, an increase of 24.66% from CNY 374,543,345.77 in the previous year[151]. - The company reported a significant decline in asset disposal income, down 701.30% to -139,753.32 CNY, attributed to reduced non-current asset disposal gains[55]. Cash Flow and Liquidity - The net cash flow from operating activities was 1,578,241,142.59 yuan, an increase of 213.22% year-on-year[20]. - The cash flow from operating activities showed a significant increase of 213.22%, totaling CNY 1.58 billion[42]. - The net cash flow from operating activities improved by 213.22% to 1,578,241,142.59 CNY, reflecting better cash recovery from financing business[55]. - Total cash inflow from operating activities reached ¥2,671,149,861.80, while cash outflow was ¥1,092,908,719.21, resulting in a net cash flow of ¥1,578,241,142.59[159]. - The cash inflow from interest, fees, and commissions received was ¥852,154,672.24, compared to ¥768,529,764.08 in the previous period[159]. - The cash flow from financing activities included ¥791,000,000.00 from borrowings, indicating active financing efforts by the company[161]. Assets and Liabilities - The total assets at the end of the reporting period were 33,635,233,824.02 yuan, reflecting a 0.88% increase from the end of the previous year[20]. - The total liabilities increased by 1.46% to 28,219,752,280.91 yuan compared to the previous year[20]. - The company's long-term borrowings increased to CNY 1,740,000,000.00, up by 0.41% compared to the previous year[49]. - The total financial liabilities decreased to CNY 2,778,892,768.76, with a reduction in short-term borrowings by 42.73%[54]. - The company's total liabilities and equity at the end of the reporting period amounted to CNY 2,705,649,411.73, indicating a stable capital structure despite the losses[166]. Investment and Subsidiaries - The company's subsidiary, Zhongshan Securities, achieved operating income of CNY 550.42 million and a net profit of CNY 59.13 million[40]. - The subsidiary Dongguan Securities is progressing with its IPO plans, which could facilitate further growth[35]. - The equity investment in Dongguan Securities resulted in an operating income of CNY 812.54 million and a net profit of CNY 81.68 million[65]. - The company plans to provide capital support to its subsidiary Zhongshan Securities to enhance its capital strength, addressing the need for additional capital to seize market opportunities[69]. Shareholder Information - The total number of shares increased from 896,000,000 to 896,000,000, with no net change in total shares[109]. - The largest shareholder, Dongguan New Century Science and Education Expansion Co., Ltd., holds 42.65% of the shares, totaling 382,110,504 shares[114]. - The company reported a total of 1,581,800 shares held by directors and senior management, with no changes in shareholding during the reporting period[120]. Corporate Governance and Compliance - The company has engaged Lixin Accounting Firm for the audit of its semi-annual financial report, with an audit fee of CNY 700,000[75]. - The company did not engage in any significant related party transactions during the reporting period[81]. - The company has not experienced any bankruptcy reorganization or significant litigation matters during the reporting period[76]. - The company is currently involved in significant litigation, with a total amount in dispute of CNY 46,635.2 thousand related to a financial loan contract dispute[77]. Social Responsibility and Community Engagement - Zhongshan Securities has been awarded the "Best Industry Development Award" and "2017 Poverty Alleviation Project Financing Pioneer" for its outstanding contributions to poverty alleviation[98]. - The company has invested a total of 300,000 RMB in poverty alleviation efforts, with 300,000 RMB specifically allocated to support 150 impoverished students[98]. - Zhongshan Securities aims to innovate financial products and services to support enterprises in poverty-stricken areas, thereby reducing financing costs and improving efficiency[95]. Financial Reporting and Accounting Policies - The company prepares financial statements based on the going concern assumption and adheres to the accounting standards issued by the Ministry of Finance[173]. - The financial statements accurately reflect the company's financial position, operating results, and cash flows in accordance with the accounting standards[176]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[182]. - The company applies hedge accounting for financial assets and liabilities that meet the criteria for hedge accounting, allowing for more accurate financial reporting[193].

Financial Performance - The company's operating revenue for the first quarter was CNY 317,994,749.66, a decrease of 13.82% compared to the same period last year[7] - Net profit attributable to shareholders was CNY 37,333,710.89, reflecting a significant decline of 48.83% year-over-year[7] - The net profit excluding non-recurring gains and losses was CNY 34,167,375.52, down 53.18% from the previous year[7] - Basic earnings per share decreased by 48.15% to CNY 0.042 per share[7] - The company's operating revenue for Q1 2018 was significantly impacted, with a net profit attributable to shareholders of the parent company decreasing by 48.83% to CNY 37,333,710.89 compared to CNY 72,967,154.03 in the same period last year[16] Cash Flow - The net cash flow from operating activities increased by 257.57% to CNY 1,348,888,909.81, compared to a negative cash flow in the same period last year[7] - Operating cash inflow from operating activities increased by 1222.15% to CNY 2,022,853,997.92, primarily due to a decrease in cash paid for financial assets measured at fair value[16] - Operating cash outflow from operating activities decreased by 33.21% to CNY 673,965,088.11, mainly due to a reduction in cash paid for securities trading[16] - The net cash flow generated from operating activities was CNY 1,348,888,909.81, a significant increase of 257.57% compared to the previous year[16] - The net increase in cash and cash equivalents was CNY 1,098,391,874.91, reflecting a 373.72% increase compared to the previous year[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 34,699,326,207.26, an increase of 4.07% from the end of the previous year[7] - The net assets attributable to shareholders increased by 0.64% to CNY 3,739,942,962.35[7] - The company's liabilities decreased by 46.80% in accounts payable, totaling 109,254,057.34 RMB, due to reduced business payables[15] - The company's fixed assets increased by 55.91% to 124,406,579.08 RMB, mainly due to the transfer of investment properties[15] - The company's other assets rose by 66.45% to 116,827,891.13 RMB, primarily due to increased receivables from Dongguan Securities[15] Income and Expenses - The company reported non-operating income of CNY 5,887,678.30 during the period[9] - Net commission and fee income reached 218,294,429.10 RMB, reflecting a 30.13% increase driven by growth in securities brokerage and investment banking services[15] - Investment income surged to 263,154,072.59 RMB, a 107.89% increase attributed to the growth in structured product investment returns[15] - The company's tax payable increased by 45.63% to 70,475,108.91 RMB, primarily due to an increase in value-added tax payable[15] - The fair value change income reached 22,387,716.16 RMB, a 636.47% increase resulting from market fluctuations[15] - The company reported a significant decline in interest income, with a net interest income of -191,796,124.80 RMB, a decrease of 991.56% due to increased interest expenses[15] - The company reported a 30549.93% increase in non-operating income to CNY 6,409,170.68, mainly from tax refund receipts[16] - Non-operating expenses rose by 629.42% to CNY 541,185.79, primarily due to increased donation expenditures[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,518[10] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[18] - There are no significant changes expected in the company's operating performance for the first half of 2018 compared to the previous year[19] Return on Investment - The weighted average return on net assets decreased by 0.97 percentage points to 1.00%[7] - The company's settlement reserve increased significantly by 1,655,377,963.89 RMB, a growth of 1446.96% compared to the beginning of the year[15] - Derivative financial assets rose to 1,492,784.97 RMB, marking a 370.44% increase due to fair value changes of derivative financial instruments[15]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the year, representing a year-over-year increase of 12%[40]. - The company's operating revenue for 2017 was ¥1,174,810,934.17, a decrease of 37.89% compared to ¥1,891,376,457.80 in 2016[42]. - The net profit attributable to shareholders was ¥194,283,167.21, down 46.85% from ¥365,564,081.34 in the previous year[42]. - The total assets increased by 27.41% to ¥33,341,055,448.55 in 2017 from ¥26,168,003,336.93 in 2016[43]. - The total liabilities rose by 33.71% to ¥27,813,252,771.37 in 2017 from ¥20,800,661,255.29 in 2016[43]. - The basic earnings per share decreased by 46.34% to ¥0.22 in 2017 from ¥0.41 in 2016[42]. - The weighted average return on net assets was 5.24%, a decrease of 5.15 percentage points from 10.39% in 2016[42]. - The net cash flow from operating activities was negative at -¥4,010,848,957.75, a decline of 177.44% compared to ¥1,133,099,883.40 in 2016[42]. - The company reported a net profit of ¥232,860,623.37 for the parent company, an increase of 70.07% from ¥136,918,695.06 in 2016[43]. - The company's core net capital increased by 38.20% to CNY 3,584,791,282.52 compared to the previous year[51]. - The total net capital rose by 16.45% to CNY 4,324,791,282.52 year-over-year[51]. - The company's liquidity coverage ratio improved significantly by 128.37 percentage points to 269.86%[51]. - The total operating revenue decreased by 37.89% year-on-year, with significant declines in various regions, particularly in Beijing (-32.49%) and Zhejiang (-45.16%)[84]. - The net profit for 2017 was ¥244,582,496.87, down 49.41% from ¥483,440,385.71 in the previous year[101]. Business Operations and Strategy - The major business transition occurred in 2014, shifting from water supply to securities business after acquiring controlling stakes in Zhongshan Securities[16]. - The company has undergone significant asset restructuring since 2000, progressively moving into the financial services sector[16]. - The company has been actively involved in mergers and acquisitions, including the acquisition of a 40% stake in Dongguan Securities in 2009[16]. - The company’s main business is now classified under the financial services sector, specifically capital market services[16]. - The company has established a comprehensive set of qualifications for various financial services, including foreign exchange and online securities trading[17]. - The company is focused on expanding its market presence through strategic acquisitions and partnerships in the financial services sector[36]. - Zhongshan Securities has a diverse range of business departments, including retail, investment banking, and asset management, to enhance service offerings[33]. - The company has established a comprehensive governance structure, including a board of directors and various committees to ensure effective management[32]. - The company has established partnerships with four national-level poverty-stricken counties, including Yunnan's Yongren County and Guizhou's Puding County, to implement targeted poverty alleviation strategies[170]. Shareholder and Capital Structure - The profit distribution plan approved by the board is to distribute a cash dividend of 1.00 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[5]. - As of the end of the reporting period, the controlling shareholder, New Century Company, held 382,110,504 shares, accounting for 42.65% of the total share capital[16]. - The total share capital of the company increased to 448,000,000 shares after a non-public offering of 143,376,952 shares in August 2012[27]. - The total share capital of the company doubled from 448 million shares to 896 million shares after a capital reserve conversion on May 23, 2014[28]. - The company distributed a cash dividend of RMB 1.00 per share (including tax) to shareholders, totaling RMB 89.6 million for the 2016 fiscal year[134]. - The management team has completed a share buyback plan, acquiring 1,936,300 shares, which is 0.22% of the total shares, for a total amount of RMB 32,335,500[139]. - The largest shareholder, Dongguan New Century Education and Expansion Co., Ltd., holds 42.65% of the shares, totaling 382,110,504 shares, with 339,599,232 shares pledged[192]. Regulatory Compliance and Risk Management - The board of directors and management have confirmed the accuracy and completeness of the financial report, assuming legal responsibility for any misstatements[4]. - 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 focused on net capital and liquidity[130]. - The company is committed to maintaining compliance with regulatory standards and improving internal controls within its operations[33]. Market Presence and Expansion - Zhongshan Securities operates three regional branches located in Shanghai, Beijing, and Shandong[34]. - As of the end of 2017, Zhongshan Securities had 80 licensed securities offices across various regions in China[37]. - The company operates in major cities including Beijing, Tianjin, and Shenzhen, indicating a broad geographical presence[37]. - The company is expanding its market presence by entering three new provinces, which is projected to increase market share by 15%[40]. - Zhongshan Securities has established 40 new branches during the reporting period, enhancing its market presence[63]. Investment and Financial Activities - The company completed a strategic acquisition of a local tech firm for 500 million RMB, aimed at enhancing its product offerings[40]. - The company plans to invest in establishing two new insurance companies, pending regulatory approval[54]. - The company has invested CNY 1.09 billion in its subsidiary Zhongshan Securities to strengthen its controlling position[63]. - The company plans to invest RMB 200 million to establish a wholly-owned subsidiary for alternative investment business[180]. - A wholly-owned private equity fund subsidiary will be established with RMB 100 million of the company's own funds, which has completed business registration as of January 10, 2018[181]. Social Responsibility and Community Engagement - The company actively explored various channels for targeted poverty alleviation, focusing on the intrinsic needs of supported regions[63]. - The company has invested a total of 1,298,300 RMB in poverty alleviation efforts, with 400,000 RMB specifically allocated for educational support for impoverished students[172]. - Zhongshan Securities has been awarded multiple honors for its poverty alleviation contributions, including the "Best Industry Development Award" and "Pioneer Investment Bank for Poverty Financing" in 2017[171]. - The company plans to continue its targeted poverty alleviation work, focusing on industrial development, consumption poverty alleviation, and educational support in collaboration with local governments[175].

广东锦龙发展股份有限公司 2017 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七届董事会第二十八次会议。 三、公司负责人蓝永强、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)何浩强声明：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 2017 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 证券代码：000712 证券简称：锦龙股份 公告编号：2017-73 广东锦龙发展股份有限公司 2017 年第三季度报告正文 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 32,657,109,806.00 | 26,168,003,336.93 | | 24.80% | | 归属于上市公司股东的净资产 | ...

Financial Performance - Total revenue for the first half of 2017 was ¥614,166,889.28, a decrease of 37.58% compared to ¥983,906,900.94 in the same period last year[17]. - Net profit attributable to shareholders was ¥96,739,882.31, down 41.20% from ¥164,525,457.63 year-on-year[17]. - Basic earnings per share decreased by 38.89% to ¥0.11 from ¥0.18 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥95,342,048.69, a decrease of 41.85% from ¥163,972,599.15 year-on-year[17]. - The company achieved total operating revenue of CNY 61,416.69 million, a decrease of 37.58% year-on-year[34]. - The net profit attributable to the parent company was CNY 9,673.99 million, down 41.20% compared to the same period last year[34]. - The company's operating revenue for the current period is 12,891,903.49, a decrease of 7.83% compared to the same period last year[36]. - The net profit attributable to the parent company decreased by 41.20% to 96,739,882.31, mainly due to a decline in net profit from Zhongshan Securities[38]. - The company's total comprehensive income for the current period is CNY 31,870,058.88, compared to CNY 137,232,499.55 in the previous period, indicating a significant decrease of approximately 76.8%[141]. Assets and Liabilities - Total assets increased by 15.85% to ¥30,314,384,459.29 compared to ¥26,168,003,336.93 at the end of the previous year[17]. - The company's total assets at the end of the reporting period were ¥4,979,571,232.04, with cash and cash equivalents accounting for 16.43% of total assets, down from 22.57%[44]. - The company's total liabilities included long-term borrowings of ¥1,249,000,000.00, which accounted for 4.12% of total assets, an increase of 1.62%[44]. - Total liabilities rose to CNY 24,951,915,859.61, compared to CNY 20,800,661,255.29 at the start of the period, indicating an increase of about 19.3%[119]. - The total current liabilities reached CNY 20,268,801,809.55, up from CNY 16,412,849,209.29, indicating an increase of about 23.5%[119]. Cash Flow - The company reported a net cash flow from operating activities of -¥1,393,967,539.37, an improvement of 10.79% from -¥1,562,572,277.46 in the previous year[17]. - The net cash flow from investment activities increased by 250.03% to 17,632,152.84, mainly due to higher cash received from investment income[36]. - The net cash flow from financing activities increased significantly by 1,506.47% to 847,351,896.95, attributed to cash received from the issuance of corporate bonds and income certificates[36]. - The cash and cash equivalents at the end of the period amounted to CNY 5,950,304,916.95, a decrease from CNY 6,480,144,982.69 at the beginning of the period[132]. Investment and Business Changes - The company has undergone a change in its business scope to include equity investment and management consulting services[16]. - The company plans to continue focusing on investment consulting and asset management as key growth areas moving forward[41]. - The company is in the process of establishing two insurance companies, pending approval from the China Insurance Regulatory Commission[24]. - The company plans to invest 100 million RMB to establish a wholly-owned subsidiary for alternative investment business[91]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 68,577[101]. - The company’s major shareholders include various investment funds, with the largest being Dongguan New Century Science Education Development Co., Ltd.[102]. - The total number of shares after the recent changes is 896,000,000, with 99.92% being unrestricted shares[95]. - The company distributed a cash dividend of 1 RMB per 10 shares to shareholders based on the total share capital of 896 million shares as of December 31, 2016[90]. Social Responsibility and Community Engagement - The company allocated a total of 332,600 RMB (33.26 million RMB) for poverty alleviation efforts in the first half of 2017[86]. - The company received the "Best Industry Development Award" for its outstanding contributions to targeted poverty alleviation[86]. - The company’s subsidiary, Zhongshan Securities, has established partnerships with three national-level poverty-stricken counties for targeted poverty alleviation efforts[84]. Regulatory and Compliance - The half-year financial report has not been audited[65]. - The company has not reported any non-operating fund occupation by its controlling shareholders or related parties during the reporting period[78]. - There were no significant litigation or arbitration matters reported during the reporting period, with a notable case involving a claim of CNY 46,635.20 million still pending[68]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the accounting standards set by the Ministry of Finance and reflect the company's financial status accurately[148]. - The company did not report any changes in accounting policies or prior period adjustments during this reporting period[135]. - The company’s financial reports are consolidated based on control, including all subsidiaries[153].

广东锦龙发展股份有限公司 2017 年第一季度报告正文 证券代码：000712 证券简称：锦龙股份 公告编号：2017-18 债券代码：112207 债券简称：14锦龙债 广东锦龙发展股份有限公司 2017 年第一季度报告正文 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董事会会议。 √ 适用 □ 不适用 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 382,820,868.88 | 471,739,464.98 | -18.85% | | 归属于上市公司股东的净利润（元） | 72,967,154.03 | 75,296,538.07 | -3.09% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 72,981,43 ...