Financial Performance - Total operating revenue for Q3 2022 was ¥1,083,250,551, a decrease of 8.59% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2022 was ¥70,212,889, down 63.51% year-on-year[3] - Net profit excluding non-recurring gains and losses for Q3 2022 was ¥68,573,691, a decrease of 62.34% compared to the previous year[3] - Basic earnings per share for Q3 2022 was ¥0.0196, reflecting a decline of 63.43% year-on-year[4] - Net profit for the third quarter of 2022 was CNY 358.86 million, a decrease of 40.5% from CNY 604.12 million in the same period last year[23] - Operating revenue for the third quarter of 2022 was CNY 3.04 billion, up 4.9% from CNY 2.90 billion in the previous year[22] - Basic earnings per share for the third quarter of 2022 were CNY 0.105, down from CNY 0.172 in the same quarter last year, reflecting a decline of 39.0%[24] Assets and Liabilities - Total assets as of the end of Q3 2022 reached ¥91,150,527,221, an increase of 19.46% from the end of the previous year[4] - Total liabilities increased to CNY 73.46 billion as of September 30, 2022, compared to CNY 58.60 billion at the end of 2021, marking a rise of 25.3%[21] - The company’s total equity stood at CNY 17.69 billion, slightly down from CNY 17.71 billion at the end of 2021, indicating a decrease of 0.1%[21] - The company experienced a 51.82% increase in trading financial assets, totaling ¥42,906,598,956 compared to the previous year[9] - The company’s financial investments rose to CNY 43.32 billion, up from CNY 28.92 billion year-over-year, indicating a growth of 49.8%[20] Cash Flow - The company reported a net cash flow from operating activities of -¥435,987,416, a decline of 114.25% year-on-year[3] - The net cash flow from operating activities decreased by 114.25% to -435,987,416 RMB compared to 3,059,752,309 RMB in the same period last year, primarily due to an increase in financial assets held for trading and a decrease in net funds received[10] - The net cash flow from financing activities increased significantly to 1,533,246,797 RMB from -14,500,470 RMB, attributed to an increase in the issuance of corporate bonds during the reporting period[10] - The net cash flow from investment activities was -297,805,099 RMB, showing a decrease compared to -481,389,747 RMB in the previous year[10] - Operating cash flow for the period was negative at -435,987,416 CNY, compared to a positive cash flow of 3,059,752,309 CNY in the previous period[25] - Total cash inflow from operating activities was 21,322,480,502 CNY, an increase from 19,185,554,408 CNY year-on-year[25] - Cash outflow from operating activities totaled 21,758,467,918 CNY, up from 16,125,802,099 CNY in the previous period[25] - Cash inflow from financing activities amounted to 13,910,028,384 CNY, compared to 13,000,869,541 CNY in the previous period[26] - Cash outflow from financing activities was 12,376,781,587 CNY, slightly down from 13,015,370,011 CNY year-on-year[26] - The company issued bonds generating cash inflow of 5,515,000,000 CNY, significantly higher than 2,981,225,173 CNY in the previous period[26] - The ending cash balance increased to 27,322,947,042 CNY from 24,482,740,823 CNY in the previous period[26] - The company reported a net increase in cash of 919,814,563 CNY, down from 2,543,800,296 CNY in the previous period[26] Expenses and Costs - The company reported a significant increase in non-operating expenses, which rose by 78.07% to 6,614,710 RMB, reflecting higher costs associated with non-routine business activities[10] - The company experienced a 39.21% decrease in income tax expenses, totaling 91,723,395 RMB, reflecting a decline in profits year-on-year[10] - The company reported a 59.12% increase in other business costs, amounting to 1,162,700,910 RMB, driven by the expansion of its subsidiary's warehouse receipt business[10] - The credit impairment loss decreased by 84.94% to 4,190,760 RMB, indicating a reduction in the provision for impairment during the reporting period[10] - The fair value change of other equity investments dropped by 89.97% to 6,065,459 RMB, influenced by fluctuations in the securities market[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 132,332, with the largest shareholder, Shanxi Financial Investment Holding Group Co., Ltd., holding 31.77% of shares[11] - The total number of shares outstanding as of the last trading day before disclosure was 3,589,771,547[5] Bond Issuance - The company issued bonds totaling 2 billion RMB in July 2022, with a coupon rate of 3.04%, and another bond issuance of 800 million RMB at a rate of 2.89%[16] Other Information - The company plans to optimize its branch network by closing the Jiangmen Heshan New Town Securities Branch, which is currently in progress[19] - The report for the third quarter was not audited[26]

Financial Performance - Total operating revenue for the first half of 2022 was CNY 1,956,578,520, representing a 14.40% increase compared to CNY 1,710,246,944 in the same period last year[12]. - Net profit attributable to shareholders decreased by 27.63% to CNY 306,884,098 from CNY 424,072,722 year-on-year[12]. - Net profit after deducting non-recurring gains and losses fell by 28.49% to CNY 302,595,666 compared to CNY 423,127,314 in the previous year[12]. - Basic earnings per share decreased by 27.97% to CNY 0.085 from CNY 0.118 in the same period last year[12]. - The total operating profit for the company decreased by 30.26% to CNY 365,787,101 compared to CNY 524,496,392 in the same period last year[60]. - The net profit margin for the first half of 2022 was approximately 18.7%, down from 30.7% in the same period of 2021, indicating a significant decline in profitability[163]. - The total comprehensive income attributable to the parent company's shareholders for the six months ended June 30, 2022, was RMB 349,264,627, a decrease of 11.4% compared to RMB 394,462,367 in the same period of 2021[167]. Cash Flow and Liquidity - The net cash flow from operating activities surged by 720.07% to CNY 3,235,724,967, up from CNY 394,566,220 in the same period last year[12]. - The cash inflow from operating activities for the group for the six months ended June 30, 2022, was RMB 17,758,124,873, a decrease of 14.7% from RMB 20,811,077,530 in the previous year[169]. - The net increase in cash and cash equivalents was CNY 3,253,572,441, marking a 67.77% increase year-on-year[47]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 28,260,469,750, accounting for 31.95% of total assets, a decrease of 0.43 percentage points from the previous year[61]. - The company’s cash and cash equivalents increased by 9.80% to 16,973,463,625 from 15,458,972,710[22]. Assets and Liabilities - Total assets increased by 15.93% to CNY 88,455,367,367 from CNY 76,302,381,884 at the end of the previous year[12]. - Total liabilities rose by 20.91% to CNY 70,848,659,626 compared to CNY 58,596,200,808 at the end of last year[12]. - The total liabilities increased significantly, with trading financial liabilities rising by 72.06% to CNY 4,646,816,533[20]. - The company’s total assets reached RMB 88,455,367,367 as of June 30, 2022, compared to RMB 76,302,381,884 at the end of 2021, representing a growth of approximately 15.5%[160]. - The total amount of short-term borrowings increased to RMB 959,682,162 from RMB 890,372,709 at the end of 2021, marking an increase of about 7.9%[160]. Investment and Revenue Segments - The wealth management segment optimized management mechanisms and fully promoted fund advisory services, achieving client coverage of 10,500 households[38]. - The asset management segment had 125 existing products with a total scale of 47.103 billion yuan, an increase of 19.02% year-on-year[42]. - The total revenue from wealth management business reached CNY 492,438,469, reflecting a year-on-year increase of 9.22%[55]. - The investment banking business reported a significant decline in revenue, down 36.83% to CNY 136,787,592[57]. - The company’s net income from investment banking services was RMB 170,586,940, down from RMB 204,432,230 in the previous year, reflecting a decrease of approximately 16.5%[163]. Risk Management - The company faces significant risks including policy risk, liquidity risk, market risk, credit risk, operational risk, and reputational risk[2]. - The company emphasizes a prudent and stable operating style, enhancing comprehensive risk management capabilities[33]. - The company has established a liquidity risk management framework to ensure sufficient liquidity and mitigate potential risks[89]. - The company implements a comprehensive risk management framework, focusing on market risk, operational risk, compliance risk, information technology risk, reputation risk, and talent management[93][94][96][97][99][100]. Corporate Governance and Compliance - The company did not distribute cash dividends or issue bonus shares for the first half of 2022[104]. - The company has maintained oversight of 105 New Third Board enterprises, with no significant legal violations reported[43]. - The company confirmed that there were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[111]. - The company is focused on enhancing compliance management and risk control in response to regulatory issues identified by the China Securities Regulatory Commission[114]. - The company has committed to maintaining its independence and ensuring fair pricing in related party transactions as per its long-term commitments[109]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 137,095, with the largest shareholder holding 31.77% of the shares[141]. - The company’s largest shareholder, Shanxi Financial Investment Holding Group Co., Ltd., holds 1,140,374,242 shares, representing 31.77% of total shares[141]. - The company’s second-largest shareholder, Taiyuan Iron and Steel (Group) Co., Ltd., holds 10.14% of the shares, totaling 363,922,616 shares[141]. - The company’s third-largest shareholder, Shanxi International Power Group Co., Ltd., holds 5.55% of the shares, totaling 199,268,856 shares[141]. Financial Instruments and Bonds - The company completed the issuance of a 3-year bond with a scale of 800 million RMB at a coupon rate of 3.88% on March 21, 2022[127]. - The company issued a total of 1.9 billion RMB in bonds on June 28, 2022, with a coupon rate of 3.09% for the 3-year bond[127]. - The company has issued subordinate bonds totaling RMB 200 million at a 3.04% interest rate, maturing on July 13, 2025[148]. - The company reported a total of 19,561.80 million RMB in asset impairment provisions for the year 2021, exceeding 10% of the audited net profit for that year[131]. Social Responsibility and Community Engagement - The company received the "2022 Outstanding Contribution Award for Poverty Alleviation" from the China Rural Development Foundation, highlighting its commitment to rural revitalization efforts[107]. - The company invested over 300,000 yuan in consumption assistance in designated support counties to help increase farmers' income[107]. - The company has implemented a rural revitalization support model focusing on five dimensions: industrial, public welfare, medical, intellectual, and consumption assistance[107].

Financial Performance - The company reported a total revenue of 10 billion, representing a year-over-year growth of 15%[41]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[39]. - Total operating revenue for Shanxi Province increased by 10.26% to 501.9 million yuan in 2021, while the overall operating revenue rose by 19.51% to approximately 4 billion yuan[134][135]. - The company's total revenue for 2021 was CNY 3,993,936,447, representing a 19.51% increase compared to CNY 3,341,972,041 in 2020[61]. - The net profit for 2021 reached CNY 812,152,401, which is a 6.54% increase from CNY 762,303,539 in the previous year[62]. - The company reported a significant increase in user data, with a growth rate of 15% year-over-year in active users[44]. - The company achieved a 74.8% increase in net income from financial product distribution, reflecting strong growth in its wealth management services[113]. - The company reported a significant increase in cash received from financing activities, up 1634.57% to 707,427,880[149]. Capital and Investments - The company reported a total registered capital of CNY 3,589,771,547 as of December 31, 2021[14]. - The registered capital of the company increased to RMB 2.82872 billion after a non-public stock issuance in 2016[24]. - The company received approval from the China Securities Regulatory Commission for a rights issue of 848,617,545 new shares, with 761,046,394 shares being issued and listed on July 10, 2020, increasing registered capital from RMB 2.82872 billion to RMB 3.58977 billion[27]. - The company completed investments in 5 projects totaling 180 million yuan during the reporting period, with a cumulative fundraising of 3.5 billion yuan across 19 funds[128]. - The company raised a total of CNY 9.98 billion from the first phase of subordinated bonds issued to professional investors in 2021, with all funds used for debt repayment[163]. Risk Management - The company is exposed to significant risks including policy, liquidity, market, credit, operational, and reputational risks[5]. - The company emphasizes a robust internal control and risk management system to ensure sustainable development within manageable risk levels[5]. - The company has established a liquidity risk monitoring indicator system focusing on liquidity coverage ratio, net stable funding ratio, and quality liquid assets[189]. - The company has developed internal credit risk rating models to enhance credit risk management[193]. - The company has established a comprehensive operational risk management framework, including regular assessments and monitoring of key risk indicators[197]. Corporate Governance - The company has implemented a scientific and complete corporate governance structure in accordance with relevant laws and regulations[28]. - The company has strengthened its brand advantage in the Shanxi capital market, focusing on serving local economic development[84]. - The company has established and continuously improved its compliance management system, appointing a compliance director and setting up a compliance legal department[199]. - The company emphasizes the execution and effectiveness of its compliance system, implementing a comprehensive institutional construction plan[199]. Business Expansion and Strategy - The company is expanding its market presence with branches in major cities across China, including Beijing, Shanghai, and Shenzhen, to enhance its business development framework[36]. - The company plans to open 10 new retail locations in key markets by the end of the fiscal year[39]. - The company aims to enhance its wealth management capabilities and promote refined customer management as part of its strategic goals for 2022[185]. - The company plans to enhance its digital transformation and customer acquisition capabilities in 2022, focusing on high-net-worth clients and the "Z generation" demographic[114]. - The company aims to become a first-class investment bank with distinctive features and competitive advantages, focusing on sustainable development and core capability building[82]. Audit and Compliance - The financial report was audited by KPMG Huazhen, which issued a standard unqualified opinion[4]. - The company has engaged KPMG as its accounting firm for the fiscal year, ensuring compliance and financial oversight[46]. - During the reporting period, the company maintained compliance in all business operations, with no administrative regulatory measures or penalties received[199]. Future Outlook - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues between $1.3 billion and $1.4 billion[39]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[46]. - Overall, the company remains optimistic about future growth, citing strong demand and a robust pipeline of new products[39].