Financial Performance - The company's operating revenue for Q1 2014 was ¥783,532,743.81, representing a 107.00% increase compared to ¥378,509,682.22 in the same period last year[6]. - Net profit attributable to shareholders was ¥367,056,849.73, a significant increase of 204.61% from ¥120,498,678.67 year-on-year[6]. - Basic and diluted earnings per share both increased to ¥0.19, up 204.61% from ¥0.06 in the same period last year[6]. - The weighted average return on equity rose to 2.34%, an increase of 1.53 percentage points compared to 0.81% in the previous year[6]. - Total comprehensive income rose by 128.55% to ¥347,945,025.06 due to significant increases in investment income[14]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥249,442,364.95, recovering from a negative cash flow of ¥2,345,437,678.96 in the previous year[6]. - The net increase in cash and cash equivalents was ¥232,055,489.34, a significant improvement from the previous year's decrease[14]. - Total assets at the end of the reporting period were ¥32,015,517,204.13, reflecting a 5.56% increase from ¥30,329,934,558.63 at the end of the previous year[6]. - Net assets attributable to shareholders increased to ¥15,863,775,861.45, a rise of 2.24% from ¥15,515,830,836.39 at the end of the previous year[6]. Shareholder Information - The top ten shareholders held a total of 1,200,000,000 shares, with the largest shareholder, Anhui Guoyuan Holdings, owning 23.55%[10]. - The company has not engaged in any repurchase transactions during the reporting period[11]. Receivables and Income - Accounts receivable decreased by 44.83% to ¥127,235,250.53 due to the recovery of initial receivables and the transfer of receivables to fixed assets[14]. - Interest receivable increased by 39.29% to ¥309,544,953.02 as a result of increased lending and accrued financial product income[14]. - Net commission and fee income increased by 31.04% to ¥278,693,323.30 driven by growth in investment banking and asset management revenues[14]. - The company reported a 229.12% increase in income tax expenses to ¥114,827,506.15 due to higher profits[14]. Investment Performance - The total investment in securities at the end of the period amounted to CNY 958,420,682.12, with a report period profit and loss of CNY 7,900,056.65[23]. - The initial investment in Midea Group was CNY 220,756,373.44, with a current book value of CNY 225,400,000.00, resulting in a loss of CNY 24,600,000.00 during the reporting period[25]. - The investment in Huatai Securities was CNY 192,845,945.45, with a current book value of CNY 177,988,223.68, reflecting a loss of CNY 14,857,721.77[25]. - The total investment in other listed companies amounted to CNY 989,014,709.38, with a total loss of CNY 21,312,507.84 during the reporting period[25]. - The company held 4,975,051 shares of SAIC Motor Corporation, with an investment of CNY 59,655,367.07, resulting in a loss of CNY 2,542,266.13[28]. - The company sold 12,429,800 shares of Shengyi Technology, resulting in a loss of CNY 17,073,955.04[27]. - The company reported a total of 6,232,857 shares of China Merchants Bank held at the end of the period, with an initial investment of CNY 69,927,403.18[28]. - The company’s investment in bonds included CNY 40,390,560.00 in Jiaxing Investment Bonds, with a loss of CNY 728,000.00 during the reporting period[22]. - The company’s investment in Sinopec Convertible Bonds resulted in a profit of CNY 5,803,337.60, with an initial investment of CNY 266,186,889.60[22]. Derivative Investments - The initial investment amount in derivatives was 7,255.93 million, with a year-end investment amount of 1,903.5 million, reflecting a loss of 1,087.91 million, which is 0.12% of the net assets[30]. - The company primarily uses its own funds for derivative investments, with no significant changes in accounting policies compared to the previous reporting period[30]. - The risk management for index futures hedging focuses on margin management, hedging ratios, and forced liquidation measures[30]. Other Financial Information - The company reported non-recurring losses totaling ¥466,391.92, primarily from non-current asset disposal and other operating expenses[7]. - The company plans to use ¥80,000,000 of idle raised funds to temporarily supplement working capital, which has been fully returned within the stipulated period[18]. - The estimated cumulative net profit from the beginning of the year to the next reporting period may experience significant fluctuations compared to the same period last year[22].

Financial Performance - The company's operating revenue for 2013 was ¥1,984,927,622.22, representing a 29.64% increase compared to ¥1,531,164,694.43 in 2012[46]. - Net profit attributable to shareholders for 2013 was ¥664,131,870.92, a 63.29% increase from ¥406,706,984.45 in 2012[46]. - The basic earnings per share for 2013 was ¥0.34, up 61.90% from ¥0.21 in 2012[46]. - Total assets at the end of 2013 reached ¥30,329,934,558.63, a 32.53% increase from ¥22,885,957,499.34 at the end of 2012[46]. - The net cash flow from operating activities for 2013 was negative at -¥7,355,554,958.11, worsening from -¥2,776,142,582.71 in 2012[46]. - The weighted average return on equity for 2013 was 4.32%, an increase of 1.57 percentage points from 2.75% in 2012[46]. - The company reported a total profit of CNY 844,469,579.12, which is a 65.06% increase from CNY 511,625,498.00 in 2012[52]. - The company's comprehensive income totalled CNY 767,339,256.28, marking a 124.29% increase from CNY 342,121,520.28 in 2012[52]. - The company achieved a gross margin of 39.75% in brokerage business, an increase of 14.69 percentage points year-on-year[88]. Cash Dividends - The company plans to distribute cash dividends of RMB 1 per 10 shares, totaling RMB 196.41 million based on the total share capital of 1,964,100,000 shares as of the end of 2013[3]. - In 2013, the cash dividend represented 29.57% of the net profit attributable to shareholders, which was 664.13 million yuan[199]. - The cash dividend for 2012 was also 196.41 million yuan, accounting for 48.29% of the net profit attributable to shareholders of 406.71 million yuan[199]. - The cash dividend for 2011 remained at 196.41 million yuan, which was 34.90% of the net profit attributable to shareholders of 562.71 million yuan[199]. - The company has maintained a consistent cash dividend policy over the past three years, with no proposed changes to the distribution plan[200]. - The total distributable profit for 2013 was reported at 1,918.34 million yuan, with cash dividends accounting for 100% of the profit distribution[199]. Business Operations and Strategy - The company has undergone significant changes in its business scope, including the addition of insurance agency services as of August 14, 2013[15]. - The company has been actively expanding its business capabilities, including direct investment and asset management services since 2009[18]. - The company is focused on enhancing its investment management capabilities and exploring new business opportunities in the financial market[39]. - The company aims to transform its business model from traditional brokerage to a comprehensive financial services model, targeting a top 20 ranking in the industry over the next three years[165]. - The company plans to actively pursue market opportunities in areas such as IPOs, refinancing, and asset securitization to drive growth in its investment banking segment[169]. Risk Management - The company has established a comprehensive risk control system, ensuring compliance and risk management across all business operations[114]. - The company has implemented a three-tier review mechanism for innovative financial products to manage risks associated with new business initiatives[189]. - The company has established a risk management assessment system that incorporates risk management evaluation results into performance appraisals, enhancing overall risk management effectiveness[190]. - Credit risk remains a concern, particularly in fixed income and margin financing, with measures in place to mitigate potential losses from counterparty defaults[179]. Corporate Governance - The annual financial report has been audited by Lixin Certified Public Accountants, which issued a standard unqualified opinion audit report[3]. - The board of directors and senior management have confirmed the accuracy and completeness of the financial report[3]. - The annual report has been approved by the seventh board of directors at its fifth meeting, with full attendance of 11 directors[3]. - Independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[195]. Market Presence and Expansion - The company is listed on the Shenzhen Stock Exchange under the stock code 000728[10]. - The company has established five regional branches, including Shanghai, Shenzhen, Beijing, Qingdao, and Chongqing, to enhance market expansion[31]. - The company received approval from the China Securities Regulatory Commission to establish 13 branch offices, with the approval document dated August 23, 2013[44]. - The company has maintained its status as a comprehensive securities firm, continuously adapting its business model to market demands[15]. Financial Qualifications and Ratings - The company was rated as A-class securities company for the fifth consecutive time on July 14, 2011[20]. - The company was approved to conduct a pilot program for bond repurchase transactions on June 29, 2012[21]. - The company was approved to participate in the pilot program for securities lending on September 16, 2013[26]. - The company has received approval for various financial product sales qualifications, enhancing its service offerings[17]. Investments and Asset Management - The asset management business saw a significant revenue increase of 254.31% year-on-year, driven by a substantial growth in scale[58]. - The securities credit business experienced a remarkable revenue growth of 406.30%, reflecting rapid development in this area[58]. - The total entrusted asset management scale reached CNY 35.34 billion as of December 31, 2013[88]. - The company has optimized business processes and improved execution to control operational risks, conducting a comprehensive review and revision of business procedures[187].