2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was RMB 1,130,098,239.50, representing a 37.42% increase compared to the same period last year[17]. - The net profit attributable to shareholders of the parent company was RMB 378,997,194.61, an increase of 17.98% year-on-year[17]. - The total assets at the end of the reporting period reached RMB 59,599,039,632.44, up 28.95% from the end of the previous year[17]. - The total liabilities amounted to RMB 48,965,098,818.36, reflecting a 37.44% increase compared to the previous year[17]. - The basic earnings per share for the first half of 2021 was RMB 0.16, a decrease of 5.88% compared to the same period last year[19]. - The company's net capital at the end of the reporting period was RMB 9,348,882,037.62, down from RMB 9,978,325,325.97 at the end of the previous year[20]. - The risk coverage ratio decreased to 193.77% from 280.52% at the end of the previous year[20]. - The net cash flow from operating activities for the first half of 2021 was -RMB 1.709 billion[65]. - The company reported a total comprehensive income of -53,852,121.62 CNY for H1 2021, compared to a positive comprehensive income in the previous period, indicating a decline in profitability[176]. Business Operations - Guolian Securities' main business is highly correlated with the domestic macroeconomic environment and capital market trends, indicating potential risks from economic and policy changes[6]. - The company holds various qualifications for securities-related businesses, including securities brokerage, investment consulting, and asset management[11]. - The company completed 35 bond underwriting projects with a total underwriting scale of RMB 21.063 billion, reflecting a 176% increase in project numbers and a 28% increase in scale year-on-year[39]. - The brokerage and wealth management business generated revenue of RMB 356 million, a year-on-year increase of 15.82%, while the investment banking business revenue was RMB 200 million, up 33.76%[29]. - The company plans to enhance its wealth management services and expand its client base in the second half of 2021, focusing on high-end customized products[33]. - The company aims to accelerate the issuance of IPO projects and enhance its brand in regional equity business in the second half of 2021[37]. - The company will continue to innovate in its bond business and expand its sales network to provide comprehensive bond financing services[41]. Risk Management - The group faced various risks including market risk, credit risk, operational risk, and liquidity risk, with ongoing uncertainties in the macroeconomic and securities markets due to the global pandemic[83]. - The group has a comprehensive risk management system in place, guided by its development strategy and utilizing quantitative indicators to ensure risks are controllable and manageable[85]. - Market risk primarily arises from securities investment, fixed income, equity derivatives, and asset management, with measures including sensitivity analysis and value-at-risk assessments to control exposure[92][93]. - Credit risk is managed through an internal credit rating system and real-time monitoring of credit risk status, particularly in financing and derivative transactions[94]. - Liquidity risk management involves efficient funding management, setting liquidity risk preferences, and maintaining sufficient liquidity reserves for emergencies[95]. - Operational risk is mitigated through a robust internal control mechanism, regular assessments, and training to enhance employee awareness of risk management[96]. Corporate Governance - The board of directors and supervisory board members have all attended the meeting, ensuring governance compliance[3]. - The company held 5 shareholder meetings during the reporting period, including 2 class shareholder meetings, all in compliance with legal regulations[104]. - The company’s governance structure was updated with the election of new supervisory board members[105]. - The company appointed a new Chief Risk Officer during the reporting period, replacing the previous officer[105]. - The company has established a risk management committee within the senior management team to oversee overall risk monitoring and management, approving new business and risk limits[89]. Social Responsibility - The company actively participated in a charity event in January 2021, donating a total of 101,300 yuan to support the "Comprehensive Well-off, Charity Assistance" initiative[113]. - In April 2021, the company donated 3 smart robots to a special education school, supporting the education of special children[113]. - The company is committed to fulfilling its social responsibility by promoting poverty alleviation and rural revitalization initiatives[112]. - The company strictly adheres to environmental protection laws and has not faced any penalties for environmental violations during the reporting period[110]. Financial Position - The registered capital of Guolian Securities is CNY 2,378,119,000, unchanged from the previous year[11]. - The total equity attributable to shareholders reached ¥10,633,940,814.08, slightly up from ¥10,594,170,021.09 at the end of the previous year[165]. - The company's cash and cash equivalents were ¥11,447,942,987.15, compared to ¥10,730,382,109.56 at the end of the previous year[164]. - The company's financial investments in trading assets increased to ¥25,002,503,630.23 from ¥16,955,091,369.99 at the end of the previous year[164]. - The debt-to-asset ratio increased to 78.11%, up 6.83 percentage points from 71.28% at the end of the previous year[163]. Legal Matters - The company is involved in a dispute with Inner Mongolia Nairun Agricultural Technology Co., Ltd. regarding a private bond, with a principal amount of RMB 8.4 million and additional compensation for default[120]. - The company is engaged in a stock pledge repurchase dispute with Zhang Guizhen, claiming a total of RMB 55.52 million, which is currently under appeal[121]. - The company has a case against Peng Peng regarding a stock pledge repurchase, with a principal amount of RMB 81 million, and has received partial execution payments totaling RMB 652,953.76[123]. - The company is managing the "Guolian Huiying No. 80 Directional Asset Management Plan," involved in a stock pledge dispute with Tibet Fengwang Technology Co., Ltd., claiming RMB 87.5 million[124].