CSC Financial : PRELIMINARY FINANCIAL DATA FOR THE FIRST HALF OF 2020

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

(Stock Code: 6066)

PRELIMINARY FINANCIAL DATA

FOR THE FIRST HALF OF 2020

This announcement is made 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 (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Listing Rules.

The principal financial data and indicators of CSC Financial Co., Ltd. (the "Company") for the first half of 2020 as set out in this announcement are preliminary data prepared in accordance with the PRC GAAP, and have not been audited by the reporting accountants. 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 shares of the Company.

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

		Unit: RMB million
	During the	For the
	reporting	corresponding
	period	period of previous
	(January	year (January
	to June,	to June,
Item	2020)	2019)	Change
			(%)
Operating revenue	9,899.61	5,905.56	67.63
Operating profit	5,897.00	3,056.79	92.91
Profit before income tax	5,868.75	3,064.81	91.49
Net profit attributable to the
shareholders of the parent company	4,578.46	2,329.51	96.54
Net profit attributable to the
shareholders of the parent company
excluding extraordinary gains and
losses	4,591.68	2,315.82	98.27
Basic earnings per share (in RMB)	0.58	0.30	93.33
Return on weighted average equity
attributable to ordinary shareholders			Increased by 3.75
of the Company (%)	9.06	5.31	percentage points
		At the
	At the end	beginning of
	of the reporting	the reporting
	period	period
	(June 30,	(December 31,
Item	2020)	2019)	Change
			(%)
Total assets	311,522.06	285,669.62	9.05
Equity attributable to equity holders of
the parent company	59,086.02	56,581.92	4.43
Share capital	7,646.39	7,646.39	-
Net assets per share attributable to the
shareholders of the parent company
(in RMB) (Note)	7.73	7.40	4.46

Note: The net assets per share attributable to equity holders of the Company shown in the above table include perpetual subordinated bonds issued by the Company. Upon deducting such impact, net assets per share attributable to holders of ordinary shares of the Company as at the end of the reporting period amounted to RMB6.42. (December 31, 2019: RMB6.09)

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1. EXPLANATION ON THE OPERATING RESULTS AND FINANCIAL POSITION
   In the first half of 2020, the capital market maintained a good momentum of development. The Company proactively grasped the market opportunities and maintained sound development in various businesses. In the first half of 2020, the Company's operating income amounted to RMB9.900 billion, representing an increase of 67.63% over the same period of the previous year, and the net profit attributable to shareholders of the parent company was RMB4.578 billion, representing an increase of 96.54% over the same period of the previous year. The main reason for the growth in operation was that during the reporting period, the income from main businesses including the income from proprietary investment business, the net commission income from brokerage business and the net commission income from investment banking business of the Company increased significantly as compared to the same period of the previous year.
   At present, with sound asset structure, strong liquidity and excellent asset quality, various risk control indicators of the Company meet the requirements under the Administrative Measures for Risk Control Indicators of Securities Companies.
2. RISK WARNING
   The principal financial information for the first half of 2020 as set out in this announcement, which is preliminary data, may be different from the data to be disclosed in the 2020 interim report of the Company, but it is expected that the above-mentioned difference would not exceed 10%. Investors are advised to exercise caution when dealing in the shares of the Company.
3. DOCUMENTS AVAILABLE FOR INSPECTION
   The balance sheet and income statement duly signed and stamped with the official chop of the Company by the legal representative of the Company, Mr. WANG Changqing, the Chief Accountant, Mr. LI Geping, and the head of the Company's accounting department, Mr. ZHAO Ming, are available for inspection.

By order of the Board

CSC Financial Co., Ltd.

Wang Changqing

Chairman

Beijing, the PRC, July 23, 2020

As at the date of this announcement, the executive Directors of the Company are Mr. WANG Changqing and Mr. LI Geping; the non-executive Directors of the Company are Mr. YU Zhongfu, Ms. ZHANG Qin, Ms. ZHU Jia, Mr. WANG Hao, Mr. WANG Bo and Mr. XU Gang; and the independent non-executive Directors of the Company are Mr. FENG Genfu, Ms. ZHU Shengqin, Mr. DAI Deming, Mr. BAI Jianjun and Mr. LIU Qiao.

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