SWSC(SH:600369)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of the year was ¥883,080,474.47, a decrease of 54.91% compared to ¥1,958,441,282.43 in the same period last year[27]. - Net profit attributable to shareholders was ¥194,830,766.96, down 71.61% from ¥686,242,538.64 year-on-year[27]. - The net cash flow from operating activities was ¥1,747,279,961.96, compared to a negative cash flow of ¥2,232,753,797.42 in the previous year, indicating a significant improvement[27]. - Total operating revenue for the first half of 2022 was CNY 1.08 billion, a decrease of 34.33% from CNY 1.64 billion in the same period of 2021[34]. - Net profit for the first half of 2022 was CNY 497.64 million, down 9.53% from CNY 550.05 million in the first half of 2021[34]. - The company's net profit from its joint ventures decreased, impacting the long-term equity investment figures[70]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥196,916,501.25, a decrease of 70.97% compared to the same period last year[182]. - The total comprehensive income for the first half of 2022 was CNY 139,725,088.36, a decrease of 75.0% from CNY 559,728,765.67 in the previous year[197]. Assets and Liabilities - Total assets increased by 5.71% to ¥86,952,627,605.87 from ¥82,258,033,563.18 at the end of the previous year[27]. - Total liabilities rose by 8.93% to ¥62,061,997,434.88 from ¥56,975,519,750.63 at the end of the previous year[27]. - The company's total assets increased by 13.07% to CNY 28.55 billion in trading financial assets compared to CNY 25.25 billion at the end of 2021[33]. - The company's total liabilities reached 62.06 billion RMB, reflecting an increase of 8.93% from the previous year[67]. - The asset-liability ratio stood at 65.02%, indicating a solid financial position with no overdue debts during the reporting period[67]. - Cash and settlement reserves totaled 22.71 billion RMB, accounting for 26.12% of total assets, with a year-on-year increase of 15.80%[65]. Investment and Income - The net investment income dropped by 73.58% to ¥268,178,300.70 from ¥1,014,874,493.19 year-on-year[32]. - The company experienced a 298.36% increase in credit impairment losses, which amounted to ¥24,143,509.56 compared to ¥6,060,760.40 in the previous year[32]. - The company reported a significant decline in investment income, which was CNY 268,178,300.70, a drop of 73.6% from CNY 1,014,874,493.19 year-over-year[196]. - The company’s basic earnings per share for the first half of 2022 was CNY 0.03, down from CNY 0.10 in the same period of 2021[197]. Risk Management - The company has established a comprehensive risk management system that includes quantifiable risk indicators and effective risk response mechanisms[82]. - The risk management framework is supported by a reliable information technology system that covers various types of risks, ensuring accurate measurement and monitoring[85]. - The company actively manages liquidity, market, credit, operational, and compliance risks to ensure overall operational risk is measurable, controllable, and bearable[82]. - The company established a liquidity emergency management plan to ensure timely and effective responses to liquidity crises[100]. - The company has implemented measures to ensure compliance with regulatory standards for risk control indicators, with no instances of non-compliance reported[121]. Corporate Governance - The board of directors is responsible for overseeing risk management, with a dedicated risk control committee to evaluate risk assessment reports and major risk events[89]. - The company has appointed a Chief Risk Officer to oversee the comprehensive risk management efforts and ensure effective implementation across departments[87]. - The organization has a structured risk management hierarchy, with clear responsibilities assigned to various levels, including the board, management, and business units[90]. Shareholder Information - The company reported a total of 127,748 ordinary shareholders as of the end of the reporting period[167]. - The top shareholder, Chongqing Yufu Capital Operation Group Co., Ltd., holds 1,853,443,610 shares, representing 27.89% of total shares[168]. - The total number of shares held by the top ten shareholders includes significant stakes from state-owned enterprises, indicating strong institutional support[168]. - The company has not reported any changes in controlling shareholders or actual controllers during the reporting period, suggesting stability in ownership[172]. Social Responsibility - The company is committed to supporting rural revitalization and poverty alleviation through financial assistance and targeted support[137]. - In the first half of 2022, the company provided risk protection for over 2,000 tons of pigs through the "insurance + futures" project[138]. - The company donated 10 million yuan to Youyang County for infrastructure and industrial development in the first half of 2022[138]. - The company invested over 200,000 yuan in consumer assistance to support the sale of agricultural products in remote areas during the first half of 2022[138].