国元证券(000728) - 2025 Q2 - 季度财报

First Section Important Notes, Table of Contents, and Definitions Important Notes The company's board and senior management affirm the semi-annual report's integrity, with a proposed cash dividend plan pending shareholder approval, and acknowledge risks from economic and market fluctuations. - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report[5] - Mr. Shen Hefu, the legal representative, Mr. Si Kaiming, the chief accountant, and Mr. Zhu Jinyi, the general manager of the financial accounting department, declare the financial report in this semi-annual report is true, accurate, and complete[5] 2025 Semi-Annual Profit Distribution Plan | Indicator | Content | | :--- | :--- | | Distribution Basis | 4,363,777,891 shares | | Dividend per 10 shares | RMB 0.80 (tax inclusive) | | Total Cash Dividend | RMB 349.10 million (tax inclusive) | | Bonus Shares | None | | Capital Reserve to Share Capital | None | | Status | Subject to approval by the company's 2025 First Extraordinary General Meeting of Shareholders | - The company faces risks including legal and compliance risks, operational and management risks, market risks, liquidity risks, credit risks, operational risks, reputational risks, and exchange rate risks[6] Directory of Reference Documents The directory of reference documents includes the legal representative's signed semi-annual report, financial statements, original copies of all publicly disclosed company documents and announcements, and other relevant materials. - The directory of reference documents includes the semi-annual report text signed by the company's legal representative[11] - The directory of reference documents includes financial statements signed and sealed by the company's legal representative, chief accountant, and head of the accounting department[11] - The directory of reference documents includes original copies of all company documents and announcements publicly disclosed during the reporting period[11] Definitions This section provides definitions for common terms used in the report, including the company itself, major related parties, regulatory bodies, and currency units, to ensure clear understanding of the report content. Key Definitions | Term | Definition | | :--- | :--- | | Company, The Company | Guoyuan Securities Co., Ltd. | | Guoyuan Financial Holdings Group | Anhui Guoyuan Financial Holdings Group Co., Ltd. | | Guoyuan Trust | Anhui Guoyuan Trust Co., Ltd. | | CSRC | China Securities Regulatory Commission | | Yuan, Ten Thousand Yuan, Hundred Million Yuan | RMB Yuan, RMB Ten Thousand Yuan, RMB Hundred Million Yuan | Second Section Company Profile and Key Financial Indicators Company Profile This section outlines Guoyuan Securities' basic information, including stock ticker, code, listing exchange, company's full Chinese and English names and abbreviations, and legal representative. Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Guoyuan Securities | | Stock Code | 000728 | | Stock Exchange Listed On | Shenzhen Stock Exchange | | Company's Chinese Name | 国元证券股份有限公司 | | Company's Legal Representative | Shen Hefu | Contact Person and Information This section provides detailed contact information for the company's Board Secretary and Securities Affairs Representative, including names, addresses, phone numbers, faxes, and email addresses, to facilitate communication with investors and relevant parties. Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Li Zhoufeng | Guoyuan Securities, Block A, Anhui International Financial Center, No. 18 Meishan Road, Hefei, Anhui Province | 0551-62207968 | 0551-62207322 | dshbgs@gyzq.com.cn | | Securities Affairs Representative | Yang Lu | Guoyuan Securities, Block A, Anhui International Financial Center, No. 18 Meishan Road, Hefei, Anhui Province | 0551-62207323 | 0551-62207322 | yanglu@gyzq.com.cn | Other Information During the reporting period, the company's contact information, information disclosure, and document storage locations remained unchanged, with specific details available in the 2024 annual report. - The company's registered address, office address and postal code, website, and email address remained unchanged during the reporting period, with details available in the 2024 annual report[18] - The securities exchange website and media names and URLs for the company's semi-annual report disclosure, as well as the report's storage location, remained unchanged during the reporting period, with details available in the 2024 annual report[19] Key Accounting Data and Financial Indicators In H1 2025, consolidated operating revenue and net profit attributable to shareholders grew by 41.60% and 40.44% respectively, driven by wealth management, securities investment, and investment banking, while net cash flow from operating activities significantly increased due to financial asset disposals and securities trading, with accounting policy changes having no impact on total profit or net profit. Consolidated Key Accounting Data and Financial Indicators (H1 2025 vs H1 2024) | Indicator | Current Period (RMB) | Prior Period Adjusted (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 3.40 billion | 2.40 billion | 41.60% | | Net Profit Attributable to Shareholders | 1.40 billion | 1.00 billion | 40.44% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items | 1.41 billion | 997.36 million | 41.33% | | Other Comprehensive Income | -58.69 million | 721.13 million | -108.14% | | Net Cash Flow from Operating Activities | 8.82 billion | -529.47 million | - | | Basic Earnings Per Share (RMB/share) | 0.32 | 0.23 | 39.13% | | Diluted Earnings Per Share (RMB/share) | 0.32 | 0.23 | 39.13% | | Weighted Average Return on Net Assets | 3.73% | 2.84% | Increased by 0.89 percentage points | Consolidated Balance Sheet Key Indicators (H1 2025 End vs Prior Year End) | Indicator | Current Period End (RMB) | Prior Year End Adjusted (RMB) | Change from Prior Year End | | :--- | :--- | :--- | :--- | | Total Assets | 177.20 billion | 172.10 billion | 2.96% | | Total Liabilities | 139.23 billion | 135.04 billion | 3.10% | | Net Assets Attributable to Shareholders | 37.95 billion | 37.04 billion | 2.46% | - The company's operating revenue and net profit attributable to shareholders increased by 41.60% and 40.44% respectively year-on-year, primarily due to performance growth in wealth management, securities investment trading, and investment banking businesses[21] - Net cash flow from operating activities significantly increased year-on-year, mainly due to substantial cash inflows from the disposal of trading financial assets and securities brokerage business[22] - Accounting policy changes resulting from the latest regulations issued by the China Futures Association had no impact on the company's total profit or net profit for H1 2024[23] Differences in Accounting Data Under Domestic and Overseas Accounting Standards During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under International Accounting Standards or overseas accounting standards and those under Chinese Accounting Standards. - During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and those under Chinese Accounting Standards[25] - During the reporting period, there were no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and those under Chinese Accounting Standards[26] Non-Recurring Gains and Losses Items and Amounts The company's total non-recurring gains and losses for the current period amounted to -RMB 4.90 million, primarily comprising non-current asset disposal gains/losses, government grants, non-operating income/expenses, and tax withholding fee refunds, with the latter classified as non-recurring. Non-Recurring Gains and Losses Items and Amounts | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 0.20 million | | Government Grants Recognized in Current Profit/Loss (excluding those with continuous impact) | 10.34 million | | Other Non-Operating Income and Expenses (excluding the above) | -20.82 million | | Other Profit/Loss Items Meeting the Definition of Non-Recurring Gains/Losses (Tax withholding fee refunds) | 4.05 million | | Total | -6.23 million | | Less: Income Tax Impact | -1.36 million | | Impact on Minority Shareholders' Equity (after tax) | 0.03 million | | Final Total | -4.90 million | - Other profit/loss items meeting the definition of non-recurring gains and losses primarily refer to tax withholding fee refunds received by the company from tax authorities[28](index=28