CONTENTS 2Corporate Information5Management Discussion and Analysis47Other Information54Review Report56Consolidated Statement of Profit or Loss58Consolidated Statement of Profit or Loss andOther Comprehensive Income59Consolidated Statement of Financial Position61Consolidated Statement of Changes in Equity63Condensed Consolidated Cash Flow Statement65Notes to the Unaudited Interim Financial Report CORPORATE INFORMATION EXECUTIVE DIRECTOR Mr. Wu Liejin(Chairman of the board of directors and president) NON-EXECUTIVE DIRECTORS Mr. Zhang MinmingMr. Li ShenhuaMr. Luo ZhenqingMr. Zhao WeiMr. Ou Weiming INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Wu XiangnengMr. Leung Hon ManMr. Wang Bo SUPERVISORS Mr. Li Qi(Chairman)Ms. Li WanminMr. Chen XinMr. Zhong JianMr. Huang ShaoxiongMs. Huang Yuzhen AUDIT COMMITTEE Mr. Wu Xiangneng(Chairman)Mr. Leung Hon ManMr. Wang BoMr. Li Shen HuaMr. Luo Zhenqing REMUNERATION AND APPRAISAL COMMITTEE Mr. Leung Hon Man(Chairman)Mr. Luo ZhenqingMr. Ou WeimingMr. Wu XiangnengMr. Wang Bo NOMINATION COMMITTEE Mr. Wu Liejin(Chairman)Mr. Zhao WeiMr. Wu XiangnengMr. Leung Hon ManMr. Wang Bo RISK MANAGEMENT COMMITTEE Mr. Zhang Minming(Chairman)Mr. Wu LiejinMr. Li Shen HuaMr. Wu XiangnengMr. Wang Bo STRATEGY COMMITTEE Mr. Wu Liejin(Chairman)Mr. Zhang MinmingMr. Zhao WeiMr. Ou WeimingMr. Wang Bo JOINT COMPANY SECRETARIES Mr. Lau Kwok YinMr. Ou Weiming AUTHORISED REPRESENTATIVES Mr. Wu LiejinMr. Lau Kwok Yin REGISTERED OFFICE 3114101–4110 Room 4101–4110Block 1, Join-Share International Financing CenterNo. 31 Fuhua Road, Dongping CommunityLecong Town, Shunde DistrictFoshan, Guangdong Provincethe PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 24840 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong, PRC PRINCIPAL PLACE OF BUSINESS IN PRC 3114101–4110 Room 4101–4110Block 1, Join-Share International Financing CenterNo. 31 Fuhua Road, Dongping CommunityLecong Town, Shunde DistrictFoshan, Guangdong Provincethe PRC H H SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong PRINCIPAL BANKERS 2 Bank of China LimitedFoshan BranchNo. 2, Renmin West Road, Zhangcha StreetChancheng DistrictFoshan, Guangdong Provincethe PRC 11 Bank of Communications Co., Ltd.Guangdong BranchNo. 11 Xiancun RoadZhujiang New TownGuangzhou, Guangdong ProvinceThe PRC LEGAL ADVISERS AS TO HONG KONG LAW King & Wood Mallesons AUDITOR KPMGCertified Public AccountantsPublic Interest Entity Auditor registered in accordance withthe Financial Reporting Council Ordinance COMPANY’S WEBSITE www.join-share.com www.join-share.com STOCK CODE 1543 1543 GUANGDONG JOIN-SHARE FINANCING GUARANTEE INVESTMENT CO., LTD.INTERIM REPORT 2023 5MANAGEMENT DISCUSSION AND ANALYSIS OVERVIEW 2023GDP593,0345.5%GDP4.5%GDP308,0386.3%GDP6.1%39.8%54.0%2017–20194.21.8 In the first half of 2023, despite increasing uncertainties in theglobaleconomy,pressure on the domestic economy and anincreasing complex and severe external environment, the Chinesegovernment adhered to the general principle of seeking progresswhilemaintaining stability,effectively responded to challengesfromall sides,and coordinated Chinese economic and socialdevelopment. Market demand has gradually recovered, productionand supply have continued to increase, employment and priceshave remained stable on the whole, residents’ income has steadilyincreased, and the overall economic performance has improved.Accordingto the data from the National Bureau of Statistics,China’s Gross Domestic Products (“GDP”) reached RMB59.3034trillionin the first half of 2023,representing a year-on-yearincreaseof 5.5%at constant prices,which demonstrated theoverall economy recovery trend. On a quarterly basis, GDP in thefirst quarter increased by 4.5% quarter-on-quarter. China’s GDPreached RMB30.8038 trillion in the second quarter, representing aquarter-on-quarter increase of 6.3% at constant prices. The addedvalueof the three industries accounted for 6.1%,39.8%and54.0%of GDP,respectively,which was similar to the averageproportionin the second quarter of 2017–2019,and basicallyrecovered to the level of the same period before the pandemic. Interms of consumption expenditure, the economic growth driven bythe final consumption expenditure was 4.2 percentage points inthe first half of 2023. The scale of investment also maintainedgrowth. With the accelerating construction of major projects andeffectivepolicy-oriented development financial instruments,effectiveinvestment continued to expand,providing importantsupportfor stable growth.Gross capital formation drove theeconomic growth to increase by 1.8 percentage points in the firsthalf of 2023. 20236(SMEDI)89.132022 Aspolicies and measures of promoting economic recoverycontinuedto take effect,China’s economy has generallymaintained a recovery trend, and the development index of smalland medium-sized enterpr