DFZQ — Earnings Release 2019

Jul 19, 2019

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

• (A joint stock company incorporated in the People’s Republic of China with limited liability under the Chinese corporate name “ 東方證券股份有限公司 ” and carrying on business in Hong Kong as “ 東方證券 ” (in Chinese) and “DFZQ” (in English))

(Stock Code: 03958)

ANNOUNCEMENT ON PRELIMINARY FINANCIAL DATA FOR THE FIRST HALF YEAR OF 2019

This announcement is made by 東方證券股份有限公司 (the “ Company ”) pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) (the “ Listing Rules ”) under Part XIVA of the Securities and Futures Ordinance (Cap. 571) and Rule 13.09 of the Listing Rules.

The major financial data for the first half year of 2019 as set out in this announcement, which are preliminary accounting data, have not been audited by an accounting firm. The final data should be those to be disclosed in the 2019 interim report of the Company. The investors are reminded of the investment risks.

I. MAJOR FINANCIAL DATA AND INDICATORS FOR THE FIRST HALF YEAR OF 2019 (CONSOLIDATED)

Currency: RMB Units: RMB in ten thousands

		The
		corresponding
	The reporting	period of the	Increase or
Item	period	previous year	decrease (%)
Total operating revenue	807,890.36	427,733.61	88.88
Operating profit	141,475.84	71,230.40	98.62
Total profit	150,924.98	83,332.48	81.11
Net profit attributable to the shareholders
of the Company	123,044.57	71,558.89	71.95
Net profit after non-recurring profit or
loss attributable to the shareholders
of the Company	115,967.97	63,578.99	82.40
Basic earnings per share (RMB)	0.18	0.10	80.00
Weighted average return on net assets	2.35	1.37	Increased by
(%)			0.98 percentage
			point

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	As at the end
	of the	As at the end
	reporting	of the	Increase or
Item	period	previous year	decrease (%)
Total assets	24,717,583.82	22,686,967.22	8.95
Equity attributable to the shareholders
of the Company	5,269,386.89	5,173,947.88	1.84
Share capital	699,365.58	699,365.58	0.00
Net assets per share attributable to the
shareholders of the Company (RMB)	7.53	7.40	1.76

II. DETAILS OF OPERATING RESULTS AND FINANCIAL POSITIONS

In the first half of 2019, the securities market rebounded. The trading volume of Shanghai and Shenzhen stock markets increased year-on-year and major indices rose overall. In such market environment, the Company actively seized market opportunities, adhered to steady operation, and various businesses improved steadily and sustainably. The Company’s operating performance increased significantly year-on-year.

During the reporting period, the Company achieved operating income of RMB8.079 billion, and net profit attributable to shareholders of the Company was RMB1.230 billion, increased by 88.88% and 71.95% respectively compared with the same period of the previous year, which mainly due to the significant increase of the performance of the Company’s business sections such as proprietary business and overseas business.

As at the end of the reporting period, the total assets and the equity attributable to shareholders of the Company were RMB247.176 billion and RMB52.694 billion respectively, increased by 8.95% and 1.84% respectively compared with the end of the previous year.

III. RISK WARNINGS

The major financial data for the first half of 2019 as set out in this announcement, which is preliminary accounting data, may be different from the data to be disclosed in the interim report for the year 2019. However it is expected that the abovementioned difference would not exceed 10%. Investors are advised to pay attention to such investment risks involved.

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IV. DOCUMENTS AVAILABLE FOR INSPECTION

The comparative balance sheet and income statement are signed and sealed by Mr. Pan Xinjun, the current legal representative of the Company, Mr. Zhang Jianhui, the accounting chief and person-in-charge of the accounting department of the Company.

By order of the Board of Directors PAN Xinjun Chairman

Shanghai, PRC July 19, 2019

As at the date of this announcement, the Board of Directors comprises Mr. PAN Xinjun and Mr. JIN Wenzhong as executive Directors; Mr. LIU Wei, Mr. WU Junhao, Mr. CHEN Bin, Mr. LI Xiang, Ms. XIA Jinghan, Mr. XU Jianguo and Mr. DU Weihua as non-executive Directors; and Mr. XU Guoxiang, Mr. TAO Xiuming, Mr. WEI Anning, Mr. XU Zhiming and Mr. JIN Qinglu as independent non-executive Directors.

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