Financial Performance - Total operating revenue decreased by 46.10% year-on-year to CNY 2,536,015,703.01, and decreased by 36.06% year-to-date[3] - Net profit attributable to shareholders decreased by 86.31% year-on-year to CNY 359,519,352.61, and decreased by 74.80% year-to-date[3] - Basic earnings per share decreased by 84.21% to CNY 0.14[3] - Net profit for Q3 2022 was CNY 354,019,528.16, down from CNY 1,477,026,690.35 year-over-year[15] - Total comprehensive income for Q3 2022 was CNY 146,048,866.26, significantly lower than CNY 1,472,163,725.88 in the previous year[16] Cash Flow - Net cash flow from operating activities was negative at CNY -2,396,707,434.96, a decrease of 152.53% year-to-date[3] - The company reported a net cash outflow from operating activities of CNY -2,396,707,434.96, compared to a net inflow of CNY 4,562,971,563.13 in the same period last year[17] - Cash flow from investing activities was positive at CNY 2,907,265,137.01, a significant increase compared to the previous year[6] - Net cash flow from investment activities was CNY 2,907,265,137.01, a significant improvement from a net outflow of CNY 1,319,080,621.78 in the previous year[18] - Net cash flow from financing activities was negative at CNY -2,505,402,859.47, a decrease of 161.56% year-to-date[6] Assets and Liabilities - Total assets decreased by 6.24% compared to the end of the previous year, amounting to CNY 95,794,913,997.16[3] - Total assets as of September 30, 2022, were CNY 89,814,962,289.70, down from CNY 95,794,913,997.16 at the beginning of the year, representing a decrease of 6.2%[12] - Total liabilities decreased to CNY 67,527,207,906.61 from CNY 73,390,611,406.86, a reduction of 8.0%[13] - Cash and cash equivalents amounted to CNY 23,563,598,947.91, a decrease of 4.7% from CNY 24,736,993,782.37[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 103,586, with the largest shareholder, Luzhou Laojiao Group Co., Ltd., holding 18.13% of shares[7] - Luzhou Laojiao Group Co., Ltd. holds 475,940,143 shares, while Huaneng Capital Services Co., Ltd. holds 297,798,988 shares, representing 11.34%[7] - The report indicates that there are no frozen shares among the top ten shareholders, except for those held by Chongqing Fuling Investment Group, which are frozen[7] Investment and Income - Investment banking net fee income decreased by 53.27% year-on-year to CNY 172,448,402.03[6] - Investment income decreased by 95.46% year-on-year to CNY 58,393,200.97 due to market conditions[6] - Investment income for Q3 2022 was CNY 58,393,200.97, a decrease from CNY 1,285,080,568.11 in the same period last year[15] - Other income increased to CNY 14,332,274.99 from CNY 10,964,274.77 in the previous year[15] Legal and Operational Issues - The company is involved in ongoing litigation related to financing disputes, with amounts owed by individuals totaling RMB 71.71 million[10] - The company is facing a construction contract dispute with Chengdu Sanjian, with a claim for RMB 11.72 million in construction payments[10] - The company has fully provided for impairment related to the unreturned principal amounts from financing transactions[10] Future Plans and Strategies - The company plans to continue focusing on enhancing its investment banking and asset management services to drive future growth[14] - The company has announced plans to participate in investor engagement activities to strengthen market presence and investor relations[14]

Financial Performance - Total operating revenue for the first half of 2022 was ¥1,749,801,559.42, a decrease of 30.22% compared to ¥2,507,607,439.97 in the same period last year[13]. - Net profit attributable to shareholders was ¥291,526,533.22, down 68.66% from ¥930,088,930.88 year-on-year[13]. - Net profit after deducting non-recurring gains and losses was ¥264,766,949.15, a decline of 71.37% compared to ¥924,815,930.37 in the previous year[13]. - Other comprehensive income showed a significant drop to -¥77,784,068.34, compared to ¥34,982,558.76 in the same period last year, reflecting a decrease of 322.35%[13]. - Basic earnings per share decreased to ¥0.11, down 68.57% from ¥0.35 in the same period last year[13]. - The net profit margin for the securities industry fell by 10.06% year-on-year, with total revenue declining by 11.40%[23]. - The company reported a total of CNY 4,602,156,236.58 in total assets for its subsidiary Huaxi Qi Hu[68]. - The total profit amounted to CNY 348,363,026.00, down 66.5% from CNY 1,038,695,724.49 in the previous year[143]. - The total comprehensive income for the first half of 2022 was CNY 212,684,216.62, significantly lower than CNY 1,015,540,297.30 in the first half of 2021[141]. Assets and Liabilities - Total assets at the end of the reporting period were ¥95,726,855,658.65, a slight decrease of 0.07% from ¥95,794,913,997.16 at the end of the previous year[13]. - Total liabilities were ¥73,372,465,925.20, showing a minor decrease of 0.02% from ¥73,390,611,406.86 at the end of the previous year[13]. - Net assets attributable to shareholders decreased by 0.22% to ¥22,329,135,848.74 from ¥22,377,893,383.86 at the end of the previous year[13]. - The company’s total equity was CNY 21,582,813,796.81, a decrease from CNY 21,630,990,965.49 in the first half of 2021[138]. - The company’s total liabilities and equity as of June 30, 2022, were ¥95,726,855,658.65, consistent with total assets[136]. Cash Flow - Net cash flow from operating activities increased by 12.81% to ¥5,295,351,606.87, up from ¥4,693,997,636.88 in the previous year[13]. - Cash flow from operating activities generated a net amount of CNY 5,295,351,606.87, an increase of 12.9% compared to CNY 4,693,997,636.88 in the first half of 2021[145]. - Cash flow from investment activities showed a net outflow of CNY 180,491,608.52, improving from a net outflow of CNY 2,656,175,732.16 in the same period last year[147]. - Cash flow from financing activities resulted in a net outflow of CNY 3,598,020,225.27, compared to a net inflow of CNY 679,265,748.87 in the first half of 2021[147]. Business Operations - The company expanded its branch network to over 130 locations across key cities, leveraging regional advantages in Sichuan and other economically developed areas[27]. - The company reported a significant increase in its margin trading business, with market share rising despite challenging market conditions, enhancing revenue structure and resilience against market fluctuations[29]. - The company’s fixed income business has shown steady growth, with a focus on low-risk, high-efficiency operations, and the implementation of the "FAST Plan" to upgrade its fixed income business model[30]. - The company has successfully launched new products and services, including the "One Week Gold Mining" product and enhanced stock appreciation services, contributing to revenue growth in volatile market conditions[28]. - The brokerage and wealth management business achieved revenue of 1.149 billion yuan, a year-on-year increase of 2.29%[35]. Risk Management - The company faces various risks including policy risk, market risk, credit risk, liquidity risk, operational risk, compliance legal risk, and reputation risk[70]. - The company has implemented a risk management model focusing on Value at Risk (VaR), sensitivity indicators, and stress testing to manage market risks, with a 95% confidence interval for VaR calculations[70]. - The company has established a comprehensive credit risk management framework, including measures for fixed income investments and credit trading activities[71]. - The liquidity coverage ratio and net stable funding ratio are used as key indicators for short-term and long-term liquidity risk tolerance[72]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on retaining earnings for future investments[3]. - The largest shareholder, Luzhou Laojiao Group Co., Ltd., holds 18.13% of the shares, totaling 475,940,143 shares[112]. - The total number of common shareholders at the end of the reporting period is 100,016[112]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[119]. Compliance and Governance - The company has strengthened its compliance management system to mitigate legal risks[73]. - The company has implemented a reputation risk management system, including the establishment of relevant management regulations[74]. - The company has actively engaged in social responsibility initiatives, focusing on poverty alleviation and rural revitalization[78]. - The company has made significant investments in compliance and legal risk management personnel[73]. Investment and Financing - The company completed the issuance of 23 bonds with an underwriting scale of 9.62 billion yuan during the reporting period, including the first technology innovation corporate bond in Sichuan Province[40]. - The company issued bonds with a total balance of CNY 20,700 million at a rate of 3.74%[127]. - The company has a total of CNY 33,327,547,225.85 in securities investments at the end of the reporting period[60]. - The company has 40+ corporate bond projects awaiting issuance or under review as of the report date[40]. Financial Instruments and Accounting - Financial assets are classified into three categories: 1) measured at amortized cost; 2) measured at fair value with changes recognized in other comprehensive income; 3) measured at fair value with changes recognized in profit or loss[175]. - The company uses the effective interest method for subsequent measurement of financial assets measured at amortized cost[177]. - The company recognizes expected credit losses for financial assets measured at amortized cost and certain other financial instruments[178]. - The company employs a foreign currency accounting method that translates foreign currency transactions into RMB at the central bank's exchange rate at the end of the accounting period[173].

Financial Overview - The registered capital of Huaxi Securities is 2.625 billion yuan, and the net capital is 17.66 billion yuan[9]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2021, representing a growth of 15% year-over-year[28]. - The total operating revenue for 2021 was ¥5,121,995,492.55, representing a 9.38% increase from ¥4,682,755,761.60 in 2020[37]. - The net profit attributable to shareholders for 2021 was ¥1,632,123,985.51, a decrease of 14.11% compared to ¥1,900,327,802.56 in 2020[37]. - The total assets at the end of 2021 reached ¥95,794,913,997.16, an increase of 24.04% from ¥77,228,644,030.80 at the end of 2020[39]. - The total liabilities increased by 31.38% to ¥73,390,611,406.86 in 2021 from ¥55,861,535,862.12 in 2020[39]. - The basic earnings per share for 2021 was ¥0.62, a decrease of 13.89% from ¥0.72 in 2020[39]. - The company reported a significant increase in revenue, reaching 1.5 billion yuan, representing a 20% year-over-year growth[152]. - The company reported a total revenue of 1.2 billion yuan for the fiscal year 2021, representing a year-over-year increase of 15%[164]. Shareholder Returns - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares based on a total of 2.625 billion shares, with no bonus shares issued[4]. - The total cash dividend amount for the year was ¥262,500,000, representing 100% of the distributable profit of ¥933,648,175.47[200]. - The company has a share capital base of 2,625,000,000 shares for the distribution plan[200]. - The company prioritizes cash dividends, with stock dividends proposed only under favorable operating conditions[182]. - The company ensures that minority shareholders have ample opportunities to express their opinions and protect their legal rights[183]. Business Operations and Strategy - The company operates in the securities industry, which is subject to cyclical changes in the Chinese securities market[2]. - The company has undergone significant restructuring and capital increases since its establishment, reflecting its growth strategy and market expansion efforts[19]. - The company is focusing on market expansion strategies, including the establishment of new branches in key cities[23]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and expand its service capabilities[23]. - The company aims to enhance its comprehensive strength and industry ranking through a "325" strategy focusing on three core business pillars: wealth management, investment banking, and investment management[119]. Risk Management - The company emphasizes the increased legal responsibilities and risks associated with the new Securities Law and the implementation of the registration system[4]. - The company is subject to various risks, including policy, operational, market, credit, liquidity, and operational risks[4]. - The company has established a risk management model focusing on Value at Risk (VaR), sensitivity indicators, and stress testing to manage market risks, with a 95% confidence interval for VaR calculations[124]. - The company has implemented a comprehensive credit risk management framework, including a set of risk control indicators for margin trading and stock pledge repurchase transactions[125]. Subsidiaries and Branches - The company has multiple branches, including Shenzhen, Shanghai, and various locations in Sichuan province, enhancing its market presence[22]. - The company has established two wholly-owned subsidiaries under Huaxi Futures, with registered capital of ¥10 million and ¥5 million respectively[33]. - The company has a total of 115 securities business departments distributed across 18 provinces, 4 municipalities, and 1 autonomous region, with 57 located in Sichuan Province and 58 outside[25]. - The company has expanded its market presence with the establishment of multiple branches, including a new branch in Guangzhou opened on May 26, 2021[23]. Technology and Innovation - The company plans to invest 100 million yuan in research and development for new technologies in the upcoming fiscal year[167]. - The company is investing heavily in R&D, with a budget increase of 25% to enhance technology development[30]. - The company’s intelligent investment research platform is being developed to optimize fixed income business processes and respond quickly to new business demands[57]. - The company is committed to advancing financial technology initiatives, including the development of a data management platform and investment data center[122]. Compliance and Governance - The company has established a complete and independent financial management system, ensuring no shared bank accounts with the controlling shareholder[135]. - The company has maintained a fully independent business structure, with no overlap in personnel or assets with the controlling shareholder[134]. - The company has revised its articles of association to align with regulatory requirements, enhancing governance and accountability mechanisms[132]. - The company has established specialized committees, including an audit committee and a risk control committee, led by independent directors[172]. Market Performance and User Engagement - User data showed a total of 5 million active users by the end of 2021, an increase of 20% compared to the previous year[29]. - The company reported a significant increase in user data, with a total of 115 business departments enhancing customer engagement[25]. - Customer satisfaction ratings improved to 90%, reflecting a strong commitment to service quality[152]. - The company is exploring partnerships with international firms to enhance its global footprint and diversify revenue streams[152].

Financial Performance - Total revenue for Q1 2022 was ¥439,382,014.93, a decrease of 54.03% compared to ¥955,891,725.39 in the same period last year[3] - Net profit attributable to shareholders was a loss of ¥169,961,261.37, down 152.96% from a profit of ¥320,945,213.31 year-over-year[3] - Basic and diluted earnings per share were both -¥0.06, a decline of 150.00% compared to ¥0.12 in the same period last year[3] - Comprehensive income for Q1 2022 was a loss of CNY 277.70 million, compared to a gain of CNY 354.78 million in the previous year[17] - Total operating expenses rose to CNY 686.77 million, an increase of 30.1% from CNY 527.83 million in the previous year[16] Cash Flow - Net cash flow from operating activities decreased by 27.15% to ¥3,637,817,828.91 from ¥4,993,300,197.42 in the previous year[3] - The net cash flow from investment activities was CNY -2,161,891,428.68, worsening from CNY -1,315,118,554.16 year-over-year[19] - Cash inflow from financing activities was CNY 3,752,241,831.00, slightly up from CNY 3,674,550,000.00 in the previous year[19] - The total cash and cash equivalents at the end of Q1 2022 stood at CNY 30,123,196,798.03, an increase from CNY 22,655,392,831.70 in the previous year[19] - The company experienced a net increase in cash and cash equivalents of CNY 172,340,725.25, down from CNY 491,831,972.29 in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥92,469,978,630.27, down 3.47% from ¥95,794,913,997.16 at the end of the previous year[3] - The company's total liabilities as of March 31, 2022, are ¥70,343,379,312.12, down from ¥73,390,611,406.86 at the end of 2021[13] - The company's financial investments total ¥31,224,565,179.54, down from ¥32,680,772,053.15 at the end of 2021[13] - Total equity attributable to shareholders of the parent company was CNY 22.10 billion, down from CNY 22.38 billion in the previous period[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 100,530[9] - The largest shareholder, Luzhou Laojiao Group Co., Ltd., holds 18.13% of shares, totaling 475,940,143 shares[9] - The second-largest shareholder, Huaneng Capital Services Co., Ltd., holds 11.34% of shares, totaling 297,798,988 shares[9] Investment Performance - Investment income showed a significant loss of ¥173,843,792.57, a decline of 138.16% compared to a profit of ¥455,534,045.65 in the same period last year[7] - The company reported an investment loss of CNY 173.84 million, contrasting with a profit of CNY 455.53 million in the same period last year[15] Other Information - Non-recurring gains and losses totaled ¥2,964,360.47, primarily from government subsidies and other income[5] - The company has not disclosed any significant new strategies or product developments in the current report[11]

Financial Performance - Total operating revenue for Q3 2021 was ¥1,458,779,839.56, an increase of 10.12% year-on-year[3] - Net profit attributable to shareholders was ¥496,479,171.19, a decrease of 16.73% compared to the same period last year[3] - Basic earnings per share for the period was ¥0.19, down 17.39% year-on-year[3] - Total operating revenue for the first nine months of 2021 reached CNY 3,966,387,279.53, an increase of 16.1% compared to CNY 3,418,071,380.11 in the same period of 2020[18] - Net profit attributable to shareholders of the parent company for the first nine months of 2021 was CNY 1,426,568,102.07, a decrease of 6.1% from CNY 1,518,847,628.54 in the previous year[19] - The total comprehensive income attributable to the parent company's owners for Q3 2021 was CNY 1,421,705,137.60, a decrease from CNY 1,498,429,688.03 in Q3 2020, representing a decline of approximately 5.2%[20] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.54, down from CNY 0.58 in Q3 2020, reflecting a decrease of about 6.9%[20] Assets and Liabilities - Total assets at the end of the reporting period reached ¥90,771,768,034.42, representing a 17.54% increase from the end of the previous year[3] - Total assets increased to CNY 90,771,768,034.42, up from CNY 77,228,644,030.80, reflecting a growth of 17.6%[17] - Total liabilities rose to CNY 68,316,365,027.83, compared to CNY 55,861,535,862.12, marking an increase of 22.3%[17] - Total cash inflow from operating activities for the first nine months of 2021 was CNY 13,082,795,331.80, an increase of approximately 37.5% from CNY 9,540,103,374.70 in the previous year[21] - The cash and cash equivalents at the end of Q3 2021 amounted to CNY 29,477,257,684.45, an increase from CNY 21,900,506,852.35 at the end of Q3 2020, representing a growth of approximately 34.5%[22] Investment and Income - Investment income for the period was ¥1,285,080,568.11, reflecting normal business operations[5] - The company's net interest income for the first nine months was CNY 837,443,109.86, up from CNY 792,187,676.27, representing a growth of 5.7%[18] - Investment income for the first nine months was CNY 1,285,080,568.11, significantly higher than CNY 894,189,551.74 in the same period last year, indicating a growth of 43.7%[18] Cash Flow - The company reported a net cash flow from operating activities of ¥4,562,971,563.13 year-to-date[3] - The net cash flow from operating activities for the first nine months of 2021 was CNY 4,562,971,563.13, a significant improvement compared to a negative cash flow of CNY -3,937,645,885.81 in the same period of 2020[21] - The net cash flow from investment activities for the first nine months of 2021 was CNY -1,319,080,621.78, compared to a positive cash flow of CNY 1,037,921,468.01 in the same period of 2020[22] - Cash inflow from financing activities for the first nine months of 2021 totaled CNY 20,383,650,000.00, down from CNY 22,617,050,000.00 in the previous year, indicating a decrease of about 9.8%[22] Compliance and Legal Matters - The company received a warning letter from the Sichuan Securities Regulatory Bureau due to inadequate compliance measures in its operations[12] - The company has initiated a retrial application regarding the property dispute case, with the Supreme Court acknowledging the case for review on September 8, 2021[10] - The company has a pending lawsuit against Dongtai Asset Management for a total financing of ¥100 million, with the court ruling in favor of the company in the first instance[11] - The company has been involved in litigation concerning bond defaults, with claims amounting to ¥40 million and ¥30 million for two different bond issues[11] Other Financial Metrics - The weighted average return on net assets was 2.23%, a decrease of 0.65 percentage points compared to the same period last year[3] - Non-recurring gains and losses totaled -¥8,494,192.45 for the current period[4] - The company reported a decrease in other comprehensive income, with a net amount of CNY -4,862,964.47 compared to CNY -20,417,940.51 in the previous year[19] - The company's financial assets at fair value decreased to CNY -266,641,491.23 from CNY 36,484,152.24, indicating a significant decline in fair value changes[18]

Financial Performance - Total operating revenue for the first half of 2021 was CNY 2,507,607,439.97, an increase of 19.79% compared to CNY 2,093,322,666.77 in the same period last year[11]. - Net profit attributable to shareholders of the listed company was CNY 930,088,930.88, a slight increase of 0.81% from CNY 922,647,413.14 in the previous year[11]. - Net profit after deducting non-recurring gains and losses was CNY 924,815,930.37, up 6.91% from CNY 865,044,702.75 year-on-year[11]. - Other comprehensive income increased significantly by 236.66%, reaching CNY 34,982,558.76 compared to CNY 10,391,172.52 in the previous year[11]. - Net cash flow from operating activities was CNY 4,693,997,636.88, a remarkable increase of 735.09% from a negative cash flow of CNY -739,111,793.15 in the same period last year[11]. - Total operating revenue for the period reached ¥2,507,607,439.97, an increase of 19.79% compared to ¥2,093,322,666.77 in the same period last year, driven by growth in brokerage and investment businesses[39]. - The total operating profit for the current reporting period is 1,225,129,115.00 CNY, representing a 5.54% increase compared to 1,160,771,015.32 CNY in the same period last year[47]. - The total comprehensive income for the first half of 2021 was CNY 1,015,540,297.30, compared to CNY 934,313,913.91 in the first half of 2020, representing an increase of 8.7%[148]. Assets and Liabilities - Total assets as of June 30, 2021, were CNY 84,307,552,621.49, representing a growth of 9.17% from CNY 77,228,644,030.80 at the end of the previous year[11]. - Total liabilities increased by 11.54% to CNY 62,308,773,046.38 from CNY 55,861,535,862.12 year-on-year[11]. - Net assets attributable to shareholders of the listed company were CNY 21,995,404,412.03, up 3.16% from CNY 21,321,684,397.07 at the end of the previous year[11]. - The company's total liabilities increased to CNY 59,601,487,229.80 from CNY 53,483,792,782.20, indicating a growth of approximately 11.8%[145]. - The company's total assets at the end of the reporting period are 84,309,000,000 CNY, reflecting a stable asset structure[48]. - The company's total liabilities decreased to CNY 21,998,779,575.11, reflecting a strategic focus on reducing debt levels[158]. Revenue Breakdown - Brokerage and wealth management business generated 1.124 billion yuan, a year-on-year growth of 24.48%, accounting for 44.80% of total revenue[23]. - Credit business revenue was 423 million yuan, a decline of 1.16% year-on-year, with a significant drop in operating profit margin by 18.28 percentage points[24]. - Investment business revenue reached 591 million yuan, a year-on-year increase of 33.41%[26]. - Investment banking business revenue was 279 million yuan, reflecting a growth of 35.06% year-on-year[27]. - The company's investment income was CNY 896.369 million, reflecting normal business operations[16]. - The net fee and commission income rose to CNY 1,291,508,101.31, compared to CNY 1,002,329,833.10 in the same period last year, reflecting a growth of 28.9%[146]. Cash Flow - Cash flow from operating activities was ¥4,693,997,636.88, a significant improvement from a negative cash flow of ¥739,111,793.15 in the previous year[39]. - The net cash flow from operating activities was CNY 3,130,242,823.44, a significant improvement compared to a net outflow of CNY 1,141,107,962.31 in the previous period[155]. - The company recorded a net cash outflow from investing activities of CNY -2,656,175,732.16, a decrease from a net inflow of CNY 1,285,302,140.28 in the first half of 2020[153]. - The cash inflow from financing activities was CNY 10,443,150,000.00, down from CNY 14,296,350,000.00 in the same period of 2020, indicating a decrease of about 26%[153]. Shareholder Information - The company plans not to distribute cash dividends or bonus shares, nor to increase capital from reserves[3]. - Basic earnings per share remained stable at CNY 0.35, unchanged from the previous year[11]. - The company reported a total of 306.86 million yuan in related party transactions during the reporting period[89]. - The total number of common shareholders at the end of the reporting period was 109,364[124]. Risk Management - The company has established a risk management model focusing on Value at Risk (VaR) and sensitivity indicators to manage market risks, with a 95% confidence interval[63]. - The company has implemented a comprehensive liquidity risk management framework, ensuring compliance with liquidity coverage and net stable funding ratios[66]. - The company has developed an internal credit rating system to enhance the precision of credit risk management, which has been officially launched[64]. - The company has established a set of risk prevention and monitoring mechanisms for credit trading businesses to mitigate credit risks[64]. Compliance and Governance - The company has strengthened compliance management by adjusting its compliance system and enhancing the compliance department's personnel[69]. - The financial report was approved by the board on August 12, 2021, indicating timely governance and oversight[166]. - The company has implemented a reputation risk management system, including the establishment of a reputation risk management method and a media management approach[69]. Community Engagement - The company donated a total of 41.116 million yuan and provided material donations equivalent to 234,500 yuan over the past five and a half years for poverty alleviation efforts[75]. - In 2021, the company donated 3 million yuan to the Luzhou City Caring for the Next Generation Foundation to support youth care projects[75]. - The company has initiated rural revitalization efforts in 2021 to consolidate poverty alleviation achievements[75]. Legal Matters - The company initiated a lawsuit against Dongtai Asset Management for a total financing of ¥100,000,000, with a collateral of 32,330,000 shares of Zijin Bank[84]. - The company received a written warning from the Shanghai Stock Exchange for failing to conduct thorough due diligence on bond issuances[86]. - The company has been penalized by the Sichuan Securities Regulatory Bureau for not fulfilling its duties in several bond issuance projects[86]. Financial Reporting - The company adheres to the Chinese Accounting Standards, ensuring that its financial reports accurately reflect its financial position and performance[168]. - The company’s financial statements are prepared based on the going concern assumption, with no significant doubts regarding its ability to continue operations[167]. - The company has not reported any changes in accounting policies during the period, maintaining consistency in financial reporting[161].