2023-08-30 16:00Financial Performance - The company reported a total revenue of RMB 10.0 billion for the first half of 2023, representing a year-on-year increase of 15%[6]. - The net profit attributable to shareholders was RMB 2.5 billion, reflecting a growth of 12% year-on-year[6]. - The company's operating revenue for the first half of 2023 was RMB 12,420,861,894, representing a 2.38% increase compared to RMB 12,131,585,605 in the same period of 2022[19]. - The net profit attributable to shareholders of the parent company for the first half of 2023 was RMB 3,560,643,863, a decrease of 7.31% from RMB 3,841,640,437 in the first half of 2022[19]. - The basic earnings per share for the first half of 2023 were RMB 0.670, down 9.82% from RMB 0.743 in the same period of 2022[20]. - The weighted average return on equity for the first half of 2023 was 3.80%, a decrease of 0.79 percentage points from 4.59% in the first half of 2022[20]. - The company achieved operating revenue of RMB 12.42 billion in the first half of 2023, an increase of 2.38% year-on-year, while net profit attributable to shareholders decreased by 7.31% to RMB 3.56 billion[81]. Assets and Liabilities - The assets under management (AUM) reached RMB 500 billion, up 20% compared to the same period last year[6]. - Total assets as of June 30, 2023, were RMB 650,364,557,347, a slight increase of 0.25% from RMB 648,764,039,436 at the end of 2022[19]. - The total liabilities as of June 30, 2023, were RMB 547,696,324,919, a decrease of 0.29% from RMB 549,289,343,613 at the end of 2022[19]. - The total equity attributable to shareholders of the parent company increased by 3.20% to RMB 102,360,627,411 as of June 30, 2023, from RMB 99,188,107,183 at the end of 2022[19]. - The net cash flow from operating activities for the first half of 2023 was negative RMB 4,635,575,163, compared to positive RMB 23,964,842,509 in the same period of 2022[19]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in regional revenue by 2025[6]. - New product launches are expected to contribute an additional RMB 1 billion in revenue by the end of 2023[6]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of 2023[6]. - The company plans to enhance project reserves and market share while focusing on national strategies such as technological self-reliance and green development in the second half of 2023[49]. - The company aims to strengthen its international business and expand its overseas client base, leveraging its cross-border platform advantages[53]. Investment and Research - The company has invested RMB 300 million in research and development for new technologies in the financial sector[6]. - The research team has been recognized as the top analyst team in Greater China for eleven consecutive years, enhancing the company's reputation[38]. - The company is enhancing its investment research capabilities and product performance to ensure sustainable long-term growth in asset management[66]. - The company is focusing on product innovation in areas such as public REITs, carbon trading, and green finance, while also expanding its cross-border derivative business[63]. Risk Management - The company employs a comprehensive risk management system to ensure effective oversight and control across all business operations[41]. - The company maintained a robust risk management framework, ensuring that various risks, including market, credit, and operational risks, did not significantly impact its performance during the reporting period[113]. - The company has established a strict risk control system for capital business, including credit assessment and collateral management, with no significant loss events reported during the reporting period[124]. - The company closely monitors credit risk in bond investments, focusing on high credit rating products, with a total credit holding of RMB 144,588.1 million as of June 30, 2023[122]. Corporate Governance and Compliance - The company has maintained strict compliance with corporate governance codes and has confirmed adherence from all directors and supervisors[150]. - The company has implemented measures to manage and prevent compliance risks, including the establishment of a professional compliance team and regular compliance training for employees[134]. - The company has a robust internal accountability mechanism for employees violating laws and internal regulations, ensuring accountability for non-compliance[134]. Social Responsibility and Sustainability - The company invested RMB 26.67 million to support poverty alleviation and rural revitalization efforts in the first half of 2023[154]. - The company established a RMB 1.5 billion investment fund for rural revitalization in collaboration with local governments in Northeast China[154]. - The company has actively developed green bonds and funds to support the "dual carbon" goals[152]. - The company achieved a voluntary emission reduction of 360.03 tons through prefabricated construction in the first half of 2023[153]. Debt and Financing - The company is focusing on enhancing its financial instruments and expanding its debt financing capabilities[178]. - The company's interest-bearing debt decreased from RMB 160.184 billion at the beginning of the reporting period to RMB 154.452 billion at the end, a decline of 3.58%[190]. - The total interest-bearing debt of the group also fell from RMB 290.939 billion to RMB 273.289 billion, representing a decrease of 6.07%[192]. - The company is actively managing its debt portfolio to mitigate refinancing risks and optimize interest expenses[195].