NSC(SH:601990)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥959,632,632.14, a decrease of 35.13% compared to the same period last year[20]. - The net profit attributable to shareholders of the parent company was ¥359,957,579.60, down 46.65% year-on-year[20]. - The net cash flow from operating activities was ¥2,478,696,314.85, a significant improvement from a negative cash flow of ¥951,544,946.34 in the previous year[20]. - The company's basic earnings per share decreased by 44.44% to ¥0.10 from ¥0.18 in the same period last year[20]. - The company's total operating revenue for the first half of 2022 was CNY 963.62 million, a decrease of 8.84% from CNY 1,057.10 million in the same period of 2021[111]. - Net profit for the first half of 2022 was CNY 399.47 million, down 5.96% from CNY 424.82 million in the first half of 2021[111]. - The total comprehensive income for the first half of 2022 was CNY 410.48 million, down from CNY 486.61 million in the same period of 2021[112]. Capital and Assets - The registered capital of Nanjing Securities is CNY 3,686,361,034, unchanged from the previous year[11]. - Total assets increased by 2.71% to ¥53,114,705,485.60 compared to the end of the previous year[20]. - Cash and cash equivalents at the end of the period amounted to ¥12,728,555,725.93, representing 23.96% of total assets, an increase of 9.75% compared to the previous year[39]. - The company's total equity attributable to shareholders increased slightly to CNY 16,190,844,568.32, up from CNY 16,149,002,466.83 at the beginning of the year[124]. Business Operations - The company’s main business includes securities brokerage, investment consulting, and asset management, among others[12]. - The company has completed a strategic acquisition of a fintech startup for $50 million, which is expected to enhance its service offerings and customer base[15]. - The company has introduced a new asset management product that has already attracted $100 million in investments within the first month of its launch[15]. - The company is actively expanding its business in the Jiangsu region, which is one of the most economically active provinces in China, and has a strategic layout in Ningxia to enhance its competitive advantage[30]. Risk Management - The company has outlined potential risks in its operations and corresponding mitigation strategies[5]. - The company emphasizes comprehensive risk management, covering all risk types and ensuring effective control throughout decision-making and execution processes[53]. - The company has established a comprehensive risk management system to address various risks, including policy, market, credit, liquidity, operational, and reputational risks[54]. - The liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) continuously met regulatory requirements with sufficient safety margins, and no significant liquidity risk events occurred[58]. Regulatory Compliance - The board of directors confirmed the accuracy and completeness of the financial report, with no significant omissions[2]. - The company has been included in the "white list" of securities companies by the China Securities Regulatory Commission, reflecting its compliance and risk management capabilities[30]. - The financial report has not been audited, indicating preliminary figures[3]. Shareholder Information - The total number of ordinary shareholders was 156,144[88]. - The top shareholder, Nanjing Zijin Investment Group Co., Ltd., held 921,952,751 shares, representing 25.01% of the total shares[89]. - The company distributed cash dividends of 1.00 yuan per 10 shares, totaling 368,636,103.40 yuan (including tax) to shareholders as part of the 2021 annual profit distribution plan[86]. Social Responsibility - The company actively participates in social responsibility initiatives, receiving recognition as a "Caring Enterprise" by the Guizhou Charity Federation for its contributions[74]. - The company donated a total of 700,000 yuan to improve local education and cultural conditions in Ningxia and Gansu, supporting rural revitalization efforts[74]. - The company constructed a digital vaccination clinic in Xinglong Township, benefiting over 3,000 children with vaccination services[74]. Financial Instruments and Accounting Policies - The company recognizes expected credit losses based on all reasonable and supportable information, including forward-looking information[137]. - Financial assets are classified at initial recognition based on the business model for managing financial assets and the contractual cash flow characteristics[140]. - The company applies impairment testing for long-term assets, ensuring recoverable amounts are estimated and recognized as impairment losses when necessary[165]. - The company recognizes short-term leases (not exceeding 12 months) and low-value asset leases without recognizing right-of-use assets and lease liabilities[188].