Central China Securities : PRELIMINARY FINANCIAL DATA FOR THE FIRST HALF OF 2020

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Central China Securities Co., Ltd.

(a joint stock company incorporated in 2002 in Henan Province, the People's Republic of China with limited liability under the Chinese corporate name "中原証券股份有限公司" and carrying on business in Hong Kong as "中州証券")

(Stock Code: 01375)

PRELIMINARY FINANCIAL DATA FOR THE FIRST HALF OF 2020

This announcement is made by the board (the "Board") of directors (the "Directors") of Central China Securities 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 "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The principal financial data for the first half of 2020 as set out in this announcement are preliminary accounting data prepared in accordance with the China Accounting Standards for Business Enterprises, and have not been audited by accounting firms. The final figures will be formally disclosed in the 2020 interim report of the Company. Investors are advised to exercise caution when dealing in the securities of the Company.

1. PRINCIPAL FINANCIAL DATA AND INDICATORS FOR THE FIRST HALF OF 2020 (CONSOLIDATED AND UNAUDITED)

		Unit: 0'000	Currency: RMB
		During the
	During the	corresponding
Item	reporting	period of the	Change
period	previous year	(%)
Total operating income	124,624.26	128,714.49	-3.18
Operating profit	6,362.10	35,309.60	-81.98
Total profit	5,729.62	35,415.16	-83.82
Net profit attributable to shareholders of
the listed company	3,000.83	23,992.69	-87.49

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		During the
	During the	corresponding
Item	reporting	period of the	Change
period	previous year	(%)
Net profit attributable to shareholders of the
listed company after deduction of non-
recurring gain or loss	2,764.84	23,688.02	-88.33
Basic earnings per share (RMB yuan)	0.01	0.06	-83.33
Weighted average return on net assets			Decreased by
			2.07 percentage
	0.31%	2.38%	points
	As at the	As at the
	end of the	beginning of
Item	reporting	the reporting	Change
period	period	(%)
Total assets	4,766,358.87	4,356,990.24	9.40
Equity attributable to shareholders of the
listed company	970,553.52	967,120.80	0.35
Share capital	386,907.07	386,907.07	-
Net asset value per share attributable to
shareholders of the listed company
(RMB yuan)	2.51	2.50	0.40

Notes: 1. The data as at the beginning of the reporting period are the same as the data disclosed statutorily as at the end of the previous year.

1. 2. The data above were extracted from data of consolidated financial statements.

2. EXPLANATION ON THE OPERATING RESULTS AND FINANCIAL POSITION
   1. Operating Results
   The net fee income from brokerage business and investment banking business of the Company increased year-on-year as result of the significant rise in trading volume of securities and market activity in the first half of 2020, while the income from proprietary and overseas businesses declined year-on-year as a result of fluctuation in capital market, and the impairment provision increased year-on-year of the Company. The operating income of the Company reached RMB1.246 billion in the first half of 2020, representing a year-on-year decrease of 3.18%. The net profit attributable to shareholders of the listed company was RMB0.03 billion, representing a year-on-year decrease of 87.49%.

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1. 2. Financial Position

   As at the end of June 2020, the total assets of the Company were RMB47.664 billion, representing an increase of 9.40% as compared to the end of the previous year. The equity attributable to shareholders of the listed company was RMB9.706 billion, representing an increase of 0.35% as compared to the end of the previous year. The net asset value per share attributable to owners of ordinary shares of the listed company was RMB2.51 yuan, representing an increase of 0.40% as compared to the end of the previous year.

2. RISK WARNINGS
   The principal financial data for the first half of 2020 as set out in this announcement, which is preliminary accounting data and have not been audited by accounting firms, may be different from the data to be disclosed in the 2020 interim report of the Company. Investors are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board

Central China Securities Co., Ltd.

JIAN Mingjun

Chairman

Henan, the PRC

31 July 2020

As at the date of this announcement, the Board comprises executive Directors Mr. JIAN Mingjun and Mr. CHANG Junsheng, non-executive Directors Mr. LI Xingjia, Mr. WANG Lixin, Mr. TIAN Shengchun, Mr. ZHANG Xiaoqi and Mr. LU Benson Cheng, and independent non-executive Directors Mr. YUEN Chi Wai, Mr. NING Jincheng, Mr. YU Xugang and Ms. ZHANG Dongming.

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