2022-08-26 16:00Financial Position - The registered capital of Guotai Junan Securities Co., Ltd. is RMB 8,906,671,631 as of July 28, 2022, after the completion of the registration change[14]. - The net capital reported is RMB 95,023,119,722, indicating a strong financial position[14]. - The company has reduced its share capital to 8,906,671,793 shares due to the conversion of 270 shares from convertible bonds and the repurchase of 1,778,000 restricted stocks[14]. - The total assets at the end of the reporting period were CNY 831,396,508,792, reflecting a 5.07% increase from the end of the previous year[26]. - The total liabilities amounted to CNY 680,509,268,162, which is a 6.22% increase compared to the previous year[26]. - The equity attributable to the parent company's shareholders was CNY 147,250,974,884, showing a slight increase of 0.09% year-on-year[26]. - The net cash flow from operating activities was CNY 28,689,069,285, compared to a negative cash flow of CNY -18,858,663,264 in the same period last year[26]. - The company's net capital at the end of the reporting period was CNY 94.999 billion, slightly down from CNY 95.023 billion at the end of the previous year[28]. - The liquidity coverage ratio improved to 329.11% from 248.05% at the end of the previous year[29]. - The capital leverage ratio decreased to 19.50% from 20.09% at the end of the previous year[29]. Risk Management - The company faces various risks including market risk, credit risk, liquidity risk, operational risk, and reputational risk, which are actively managed through an effective internal control system[2]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and plans[2]. - The company has implemented a three-tier risk management system, continuously improving its compliance and risk management levels[47]. - The company’s risk management framework includes a four-tier system involving the board of directors, supervisory board, management, and risk management departments[135]. - The company established a comprehensive risk management system, including policies for market risk, credit risk, operational risk, and liquidity risk[143]. - The risk management committee is responsible for reviewing and making decisions on significant risk management matters, including compliance and risk control mechanisms[139]. - The company actively employs stress testing to assess potential losses under extreme market conditions, ensuring overall market risk is controllable as of June 2022[150]. - The company has developed and revised several risk management policies in response to regulatory requirements, including those related to reputation risk and client credit management[143]. - The company monitors market risk limits daily and employs methods such as VaR and stress testing to assess and manage market risks[146]. - The company has established a liquidity risk limit system and conducts regular liquidity risk stress tests to assess its ability to meet payment obligations under extreme conditions[154]. Business Performance - The company's operating revenue for the first half of the year was CNY 19,553,945,174, a decrease of 10.79% compared to the same period last year[26]. - The net profit attributable to the parent company's shareholders was CNY 6,372,793,938, down 20.47% year-on-year[26]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was CNY 5,769,066,488, a decrease of 10.78% compared to the previous year[26]. - The company's basic earnings per share for the first half of the year was CNY 0.69, a decrease of 22.47% compared to the same period last year[27]. - The company's wealth management business generated CNY 6.199 billion in revenue, a decrease of 1.81% year-on-year[36]. - The investment banking business saw a significant increase in revenue, reaching CNY 1.967 billion, up 41.08% year-on-year[36]. - The company's total operating revenue for the first half of the year was CNY 19.554 billion, a decrease of 10.79% compared to the previous year[36]. - The company's total underwriting financing amount by securities companies was 61,127.85 billion yuan, a year-on-year increase of 9.9%[72]. - The amount of approved merger and acquisition transactions reached 899.42 billion yuan, reflecting an 87.5% increase year-on-year[72]. Corporate Governance - There are no non-operational fund occupations by controlling shareholders or related parties reported[1]. - The company has not provided any guarantees in violation of decision-making procedures[1]. - The board of directors and senior management have confirmed the accuracy and completeness of the interim report, ensuring accountability[1]. - The report period covers the first half of 2022, with no significant changes in the company's governance structure noted[9]. - The company strictly adheres to corporate governance codes and has met the majority of best practice recommendations[174]. - There were no significant changes in the information of directors, supervisors, and senior management during the reporting period[173]. Market Expansion and Innovation - The company is actively involved in market expansion and has established a presence in multiple international markets, including Singapore and Vietnam[20]. - The company has a strong focus on research and development of new financial products and technologies to enhance its service offerings[20]. - The company has established a collaborative development committee for the Guangdong-Hong Kong-Macao Greater Bay Area to enhance regional cooperation[50]. - The company launched the "Junhong Smart Investment" service, enhancing its digital wealth management capabilities[52]. - The company completed a strategic acquisition that is expected to enhance its product offerings and drive future growth[200]. Social Responsibility - The company actively participated in poverty alleviation and rural revitalization efforts, with a total investment of 275.38 million RMB in various initiatives[192]. - The company provided educational support with an investment of 24.25 million RMB, benefiting 96 impoverished students, and improved educational resources in poor areas with an investment of 48.13 million RMB[192]. - The company launched a medical supplementary insurance public welfare project, paying a premium of 2 million RMB to provide coverage for over 1,200 disadvantaged children[191]. - The company established a special fund for pandemic relief, completing 17 assistance projects with a total funding of 8.6572 million RMB, directly benefiting over 40,000 people[195]. - The company supported the employment of 100 graduates from Shanghai universities in response to the local government's request during the pandemic[195]. Customer Engagement - The number of users on the Junhong APP reached 38.41 million, a year-on-year increase of 1.3%, with an average monthly active user count of 6.93 million, up 24.5%[52]. - The company’s app served approximately 1.1 billion customers, completing 718 million entrusted transactions with a total transaction amount exceeding 7 trillion RMB[196]. - Customer satisfaction ratings improved to 85%, up from 80% last quarter[200]. - The company actively engages in investor relations, holding multiple communication sessions and responding to 317 investor hotline inquiries[176].