DFZQ — Earnings Release 2019

Apr 18, 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 QUARTER 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 quarter 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 first quarterly report of the Company. The investors are reminded of the investment risks.

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

Currency: RMB Unit: ’0,000

		The
		corresponding
		period of the
	The reporting	previous year
	period (January	(January to	Increase or
Item	to March)	March)	decrease (%)
Total operating revenue	406,765.71	194,433.62	109.21
Operating profit	144,345.38	38,230.39	277.57
Total profit	157,315.14	48,269.88	225.91
Net profit attributable to the shareholders
of the Company	126,951.50	43,617.27	191.06
Net profit after non-recurring profit or
loss attributable to the shareholders of
the Company	117,182.58	36,690.47	219.38
Basic earnings per share (RMB)	0.18	0.06	200.00
Weighted average return on net assets (%)	2.41	0.83	Increased by
			1.58 percentage
			points
	As at the end of
	the reporting	As at the end of	Increase or
Item	period	last year	decrease (%)
Total assets	24,228,782.43	22,686,967.22	6.80
Equity attributable to the shareholders of
the Company	5,357,724.14	5,173,947.88	3.55
Share capital	699,365.58	699,365.58	0.00
Net assets per share attributable to
the shareholders of the Company
(RMB)	7.66	7.40	3.51

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II. DETAILS OF OPERATING RESULTS AND FINANCIAL POSITIONS

In the first quarter of 2019, the securities market rebounded significantly. The major stock indexes rose steadily and the trading volume continued to increase. The Company actively pursued on the basis of adhering to the risk compliance bottom line, effectively grasping market opportunities and achieving better operating results.

During the reporting period, the Company achieved operating income of RMB4.068 billion, and the net profit attributable to shareholders of the Company was RMB1.27 billion, increased by 109.21% and 191.06% respectively compared with the same period of the previous year. The changes in the above items were mainly due to the substantial increase in the revenue from proprietary investment business and overseas business of the Company, and the significant growth of bulk commodities business of the subsidiaries of the Company.

At the end of the reporting period, the equity attributable to the shareholders of the Company was RMB53.577 billion, increased by 3.55% compared with the end of the previous year, which was mainly due to the realization of income of the Company’s various businesses during the reporting period.

III. RISK WARNINGS

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

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 April 18, 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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