CGS(SH:601881)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥15,139,762,170.28, representing a 35.01% increase compared to the same period last year[22]. - The net profit attributable to shareholders of the parent company was ¥4,254,888,633.79, up 19.77% year-on-year[22]. - The net cash flow from operating activities decreased by 13.25% to ¥28,276,053,814.89 compared to the previous year[22]. - Total assets at the end of the reporting period amounted to ¥487,195,718,644.85, reflecting a 9.30% increase from the end of the previous year[22]. - Total liabilities increased by 8.24% to ¥393,710,587,360.10 compared to the previous year[22]. - The equity attributable to shareholders of the parent company rose by 14.11% to ¥92,719,761,370.67[22]. - The earnings per share attributable to shareholders of the parent company was ¥7.68, an increase of 1.99% from the previous year[22]. - Basic earnings per share for the reporting period (January to June) increased to CNY 0.40, up 14.29% from CNY 0.35 in the same period last year[23]. - The weighted average return on equity rose to 5.11%, an increase of 0.22 percentage points compared to 4.89% in the same period last year[23]. - The total scale of equity financing activities, including IPOs and private placements, was CNY 783.23 billion, reflecting a year-on-year growth of 20.75%[34]. Risk Management - The company faces various risks including legal and compliance risks, strategic planning risks, operational and management risks, market risks, credit risks, and liquidity risks[4]. - The company has implemented risk prevention measures across organizational structure, management mechanisms, and information technology[4]. - The company emphasizes the importance of monitoring risks associated with innovative businesses and products[4]. - The company has implemented a comprehensive risk management system, enhancing risk management tools and information systems to support sustainable business development[89]. - The company actively monitors liquidity risk, with all financial indicators remaining strong and compliant with regulatory requirements[86]. - The company has adopted various measures to manage market risks, including portfolio construction and the use of financial derivatives for effective hedging[85]. - The company emphasizes compliance risk management, establishing a comprehensive internal control mechanism to ensure legal and regulatory compliance[86]. - The company has a robust approach to operational risk management, including regular evaluations of internal controls and compliance management effectiveness[86]. Corporate Governance - The board of directors and senior management have confirmed the accuracy and completeness of the financial report[2]. - The company held its 2020 Annual General Meeting on June 29, 2021, where multiple resolutions were passed, including the approval of the 2020 annual report and financial statements[99]. - The company elected new members to its fourth board of directors and supervisory board during the 2021 Annual General Meeting[101]. - The company’s board of directors established several committees, including the Strategic Development Committee and the Audit Committee, to enhance governance[102]. - The company has adopted the Corporate Governance Code and confirmed compliance by all directors and supervisors during the reporting period[149]. Environmental and Social Responsibility - The company plans to invest RMB 48.1 million in poverty alleviation efforts in 2021, with RMB 35.5 million already allocated to Gansu Province's Jingning County[112]. - The company has underwritten a total of RMB 60.4 billion in green bonds, with its share amounting to RMB 18.21 billion[108]. - The company has published approximately 20 reports related to carbon neutrality, including strategy research and market policy interpretations[109]. - The company has established a carbon neutrality research team to support national goals of carbon peak and carbon neutrality[109]. - The company has received national and provincial recognition for its poverty alleviation efforts, including awards for its contributions in Jingning County[114]. Operational Highlights - The number of brokerage clients reached 12.83 million, a year-on-year increase of 10.2%[48]. - The revenue from brokerage, sales, and trading business was RMB 11.441 billion, up 45.39% year-on-year[47]. - The company’s derivative financial assets increased by 43.40% to RMB 1.247 billion, driven by the growth in equity derivatives[38]. - The company achieved a weighted average return on equity of 5.11%, an increase of 0.22 percentage points year-on-year[46]. - The company’s alternative asset investment segment generated operating revenue of RMB 1.57 billion, with a net profit of RMB 0.97 billion[58]. Financial Position - The company's total assets reached RMB 487.196 billion, an increase of 9.30% compared to the end of 2020[71]. - Cash and cash equivalents amounted to RMB 100.123 billion, accounting for 20.55% of total assets[71]. - The company's total liabilities reached RMB 490.000 billion, with a notable increase in other liabilities by 65.84%[71]. - The company's total debt, including bonds payable, was RMB 62.31 billion, down from RMB 65.67 billion, indicating a decrease of approximately 5.4%[187]. - The company reported a significant increase in other equity instruments to RMB 14.89 billion from RMB 4.96 billion, reflecting a growth of approximately 200%[187]. Cash Flow Analysis - Net cash inflow from operating activities was RMB 77.416 billion, accounting for 50.08% of total cash inflows, with cash received from interest, fees, and commissions at RMB 11.315 billion, representing 14.62%[66]. - Cash outflow from operating activities was RMB 49.140 billion, with net cash outflow for financial assets held for trading at RMB 12.764 billion, accounting for 25.98%[66]. - The company reported a net increase in cash and cash equivalents of RMB 15.88 billion, compared to RMB 25.19 billion in the same period last year, indicating a decrease of approximately 37%[200]. - The ending balance of cash and cash equivalents stood at RMB 110.01 billion, up from RMB 96.10 billion year-on-year, representing an increase of about 14%[200]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 105,747[154]. - The top ten shareholders hold a total of 5,186,538,364 shares, representing 51.16% of the company[156]. - The largest shareholder, China Galaxy Financial Holdings, holds 5,186,538,364 shares, with no restricted shares[156]. - The report indicates no changes in the major shareholders or actual controllers during the reporting period[160].