2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 12,325,949,328.93, representing a 24.51% increase compared to CNY 9,899,613,915.66 in the same period of 2020[21]. - The net profit attributable to shareholders of the parent company for the first half of 2021 was CNY 4,529,125,613.11, a slight decrease of 1.08% from CNY 4,578,457,051.77 in the previous year[21]. - Total revenue for the first half of 2021 reached CNY 12,325,949,328.93, with a gross margin of 45.89%, reflecting a decrease of 13.68% compared to the previous year[79]. - The company's net profit after deducting non-recurring gains and losses for the first half of 2021 is approximately CNY 4.52 billion, a decrease of 1.47% compared to CNY 4.59 billion in the same period of 2020[191]. - The company's net investment income was CNY 3.28 billion, a decrease of 10.1% from CNY 3.65 billion in the same period last year[200]. Capital Structure - As of June 30, 2021, the registered capital of the company was RMB 7,756,694,797, an increase from RMB 7,646,385,238 at the end of 2020[11]. - The total number of shares as of the report disclosure date was 7,756,694,797, comprising 6,495,671,035 A shares and 1,261,023,762 H shares[11]. - The total liabilities as of June 30, 2021, were CNY 329,751,127,561.84, reflecting an increase of 8.77% from CNY 303,156,696,359.41 at the end of 2020[21]. - The net assets attributable to shareholders of the parent company increased by 9.36% to CNY 74,074,754,189.94 as of June 30, 2021, compared to CNY 67,735,183,091.73 at the end of the previous year[21]. - The total equity attributable to shareholders increased to CNY 74.07 billion from CNY 67.74 billion, showing a growth of around 9.8%[196]. Risk Management - The company faces significant risks including market risk, credit risk, and liquidity risk, which may impact its operational performance[94]. - The company has established a risk monitoring process and indicators for major business areas, including brokerage, proprietary trading, and asset management, with net capital risk control indicators monitored through a system[114]. - The company has implemented a credit risk management system that includes client risk education, credit assessments, and daily market monitoring to mitigate risks associated with securities financing and bond investments[118]. - The company has a structured approach to address strategic, operational, compliance, legal, technological, and reputational risks[94]. - The company has established a comprehensive market risk management system, implementing a tiered authorization process and defining responsibilities for the board, management, and business units[122]. Business Expansion - The company continues to expand its business scope, including securities brokerage, investment consulting, and asset management services[12]. - The company aims to enhance its core business and innovative services while focusing on risk control and healthy development[29]. - The company plans to invest no more than RMB 2.5 billion to establish a wholly-owned asset management subsidiary[30]. - The company aims to strengthen its international business by expanding offshore debt projects and enhancing its role as a global coordinator and rating advisor[41]. - The company has expanded its operations into new regions, including the establishment of subsidiaries in Hainan, Ningxia, and Guizhou in December 2020[91]. Shareholder Information - The top shareholder, Beijing Financial Holdings Group Co., Ltd., holds 34.61% of shares, totaling 2,684,309,017 shares[168]. - Central Huijin Investment holds 30.76% of shares, amounting to 2,386,052,459 shares[168]. - The number of ordinary shareholders reached 201,162 by the end of the reporting period[167]. - The top ten shareholders account for a combined 86.06% of the total shares[168]. - The company has no new strategic investors or changes in controlling shareholders during the reporting period[170]. Compliance and Governance - The report has been approved by the board of directors with no objections raised[2]. - The audit committee reviewed the accounting policies and financial reports for the six months ending June 30, 2021, without raising any objections[137]. - The company has committed to enhancing internal controls and compliance following the regulatory talks, emphasizing the importance of accurate and complete information disclosure[152]. - The company’s supervisory board consists of five members, including the chairman Zhou Xiaoyu, ensuring compliance with relevant laws and regulations[138]. - The company has not experienced significant reputation events in the first half of 2021, maintaining a stable and positive operating environment[127]. Employee Relations - The company had a total of 10,273 employees, with 58.53% engaged in brokerage business and 13.29% in investment banking[98]. - The company provided over 1,000 internship positions for students and recruited 305 fresh graduates during the reporting period[102]. - The company maintained a good relationship with employees, with no significant labor disputes affecting operations during the reporting period[103]. - The company emphasizes a comprehensive training system for employees, focusing on enhancing management skills, professional knowledge, and overall competency[102]. - The company has a unified management system for its own funds to ensure liquidity and profitability, adjusting asset and liability structures as needed[95].