Shenwan Hongyuan Group Co., Ltd. — Earnings Release 2023

Apr 14, 2023

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong 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.

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(A joint stock company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 6806)

PRELIMINARY RESULTS OF SHENWAN HONGYUAN GROUP CO., LTD. FOR THE FIRST QUARTER OF 2023

This announcement is made by Shenwan Hongyuan Group Co., Ltd. (the “ Company ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Hong Kong Listing Rules ”) and the Inside Information Provisions (as defined in the Hong Kong Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

The financial data for the first quarter of 2023 set out in this announcement is the preliminary accounting data of the Company and has not been audited by the accounting firm. Therefore, the preliminary data may differ from the final data to be disclosed in the 2023 first quarterly report of the Company. Investors are advised to pay attention to investment risks.

I. KEY FINANCIAL DATA AND INDICATORS FOR THE FIRST QUARTER OF 2023 (CONSOLIDATED)

Currency: RMB Unit: ten thousand Yuan

	January to	January to	Increase/
Items	March 2023	March 2022	decrease
			(%)
Operating income	576,511.42	483,025.74	19.35
Operating profit	260,082.60	114,653.52	126.84
Total profit	259,365.73	113,940.73	127.63
Net profit attributable to shareholders of
the Company	201,099.04	107,099.66	87.77
Net profit attributable to shareholders of
the Company, net of non-recurring
items	197,946.29	101,561.26	94.90
Basic earnings per share (RMB/share)	0.08	0.04	100.00
			Increased by 0.97
Weighted average return on equity (%)	2.09	1.12	percentage points

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	March 31,	December 31,	Increase/
Items	2023	2022	decrease
			(%)
Total assets	63,268,907.54	61,311,702.45	3.19
Net assets attributable to shareholders of
the Company	9,748,694.64	9,504,494.43	2.57
Share capital	2,503,994.46	2,503,994.46	–
Net assets per share attributable to
shareholders of the Company (RMB/
share)	3.89	3.80	2.37

Note: The above financial data and indicators have not been audited.

II. EXPLANATION OF OPERATING RESULTS AND FINANCIAL POSITION

In the first quarter of 2023, under the backdrop of the sustained recovery of domestic macro economy and continuous introduction of a series of policies to stabilise growth, the Company always adhered to the general keynote of seeking progress while maintaining stability, constantly optimized business strategies, adjusted asset allocation, grasped development opportunities and prevented financial risks. The Company achieved a good start in all aspects of operation and management, with significant growth in operating results.

During the reporting period, the Company realized operating income of RMB5.765 billion, representing a year-on-year increase of 19.35%; net profit attributable to the shareholders of the Company of RMB2.011 billion, representing a year-on-year increase of 87.77%; weighted average return on equity of 2.09%, representing a year-on-year increase of 0.97 percentage points.

At the end of the reporting period, the total assets of the Company amounted to RMB632.689 billion, representing an increase of 3.19% compared to the end of last year; the net assets attributable to shareholders of the Company amounted to RMB97.487 billion, representing an increase of 2.57% compared to the end of last year.

III. DOCUMENTS AVAILABLE FOR INSPECTION

The comparative balance sheet and income statement signed and stamped by the legal representative, the person in charge of the accounting work and the person in charge of the accounting organization of the Company.

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The announcement is hereby given.

By order of the Board Shenwan Hongyuan Group Co., Ltd. Liu Jian Chairman

Beijing, PRC April 14, 2023

As at the date of this announcement, the Board comprises Mr. Liu Jian and Mr. Huang Hao as executive directors; Mr. Ren Xiaotao, Mr. Zhang Yigang, Mr. Zhu Zhilong, Ms. Zhang Ying and Mr. Shao Yalou as non-executive directors; Ms. Yeung Siuman Shirley, Mr. Wu Changqi, Mr. Chen Hanwen and Mr. Zhao Lei as independent non-executive directors.

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