Financial Performance - Total revenue and other income for the year reached RMB 34,778 million, an increase of 8.97% year-on-year[5] - Net profit attributable to the parent company was RMB 6,176 million, reflecting a year-on-year growth of 11.81%[5] - The total assets and equity of the group at year-end were RMB 697,597 million and RMB 133,349 million, respectively, representing year-on-year increases of 9.78% and 3.54%[5] - The return on equity (ROE) for the year was 5.08%, up by 0.36 percentage points year-on-year[5] - The operating expense ratio for the year was 56.80%, a decrease of 4.17 percentage points year-on-year[5] - The company reported a net profit of 1.5 billion yuan for the last quarter, representing a 20% increase year-over-year[43] - Profit before tax for 2024 was RMB 7,336,724 thousand, reflecting a growth of 20.43% from RMB 6,092,082 thousand in 2023[57] - Net profit attributable to shareholders for 2024 was RMB 5,210,662 thousand, up 13.12% from RMB 4,606,340 thousand in 2023[57] - The company's weighted average return on equity for 2024 was 5.08%, an increase of 0.36 percentage points from 4.72% in 2023[57] - The company's earnings per share for 2024 was RMB 0.21, representing a 16.67% increase from RMB 0.18 in 2023[57] Dividends and Shareholder Returns - The board proposed a cash dividend of RMB 0.46 per 10 shares, with a total dividend payout ratio of 30.27%[5] - The company plans to distribute a cash dividend of RMB 0.46 per 10 shares, totaling RMB 1,151,837,449.76, which represents 30.27% of the annual profit attributable to shareholders[22] - The total cash dividend for the year amounts to RMB 0.63 per 10 shares, with a total distribution of RMB 1,577,516,507.28[22] - The total number of shares for the dividend distribution is 25,039,944,560 shares as of December 31, 2024[22] Business Strategy and Development - The company aims to enhance its core competitiveness and achieve sustainable development by optimizing its top-level design and focusing on professional services[15] - The company plans to deepen financial technology empowerment and accelerate digital transformation to improve operational efficiency[17] - The company is focused on providing comprehensive financial services to support major national strategies and economic development[14] - The company aims to transform traditional brokerage services into wealth management services to expand its growth space[15] - The company is actively exploring market-oriented reforms to improve cost efficiency and operational effectiveness[17] - The company is committed to enhancing ESG management levels and promoting sustainable development[18] - The company is focused on enhancing risk management and compliance awareness among employees to avoid significant performance fluctuations[12] Technology and Innovation - The company launched the "Shencai Youdao" APP to enhance personal customer service experience and strengthen financial technology investment[9] - The company received 17 provincial-level financial technology awards and the second prize in the People's Bank of China's "2023 Financial Technology Development Award"[11] - Investment in R&D increased by 30%, focusing on innovative technologies and product development[43] - A strategic acquisition of a fintech startup was completed, expected to enhance service offerings and customer engagement[43] - The company introduced a new mobile app, which has already garnered 500,000 downloads within the first month[43] Market Position and Recognition - The company maintained a strong market position, leveraging its dual structure of "investment holding group + securities company" to enhance service offerings[70] - The company received multiple awards, including the "Best Practice Case for Investor Relations Management" and "Best Practice Case for Sustainable Development" in 2024[87] - The company was recognized as the "Best Bond Underwriter" and "Best Credit Bond Underwriter" in the 2024 New Fortune Best Investment Bank awards[99] - The company achieved significant recognition in the 2024 ESG awards, including "Best ESG Investment Bank" and "Best Investor Education Award" for its initiatives[99] Risk Management and Compliance - The company emphasizes the importance of understanding potential market, credit, liquidity, operational, policy, legal compliance, and innovation risks as outlined in the annual report[22] - The company emphasizes risk management, having established a comprehensive risk management system that meets regulatory requirements, ensuring healthy business development[133] Corporate Structure and Operations - The company operates through four subsidiaries providing securities services, including investment management and consulting[37] - The company has maintained its main business operations since its listing, with no changes reported[38] - The company is listed on both the Shenzhen Stock Exchange and the Hong Kong Stock Exchange[32] - The company’s business scope includes investment management, equity investment, and securities-related services[37] Future Outlook - The company expects revenue growth of 25% for the next fiscal year, driven by new product launches and market expansion[43] - Future guidance indicates a focus on sustainable practices, aiming for a 50% reduction in carbon emissions by 2025[43] - The company plans to focus on emerging industries and key technology sectors in 2025, enhancing its comprehensive financial service system[167] - The company aims to enhance its investment decision-making accuracy and post-investment management capabilities to improve the sustainability and stability of investment returns[167]

近日，申万宏源集团股份有限公司（以下简称"申万宏源"）正式发布《2024年度可持 续发展暨ESG报告》。作为国内领先的金融机构，申万宏源始终秉持"有信仰，敢担当，守 正创新，追求卓越"的核心价值观，将可持续发展理念深度融入企业战略与日常运营之中。 报告全面展示了申万宏源过去一年中在环境、社会和公司治理（ESG）方面的实践成果， 也彰显了作为国有金融企业，在助力经济社会高质量发展以及应对全球性挑战中的责任担 当。 完 善 E S G 治 理 机 制 筑 牢 可 持 续 发 展 根 基 2024年，申万宏源坚持以习近平新时代中国特色社会主义思想为指导，全面贯 彻党的二十大和二十届二中、三中全会精神，中央金融工作会议、中央经济工作会议 精神，立足公司作为国有金融机构和A+H股上市公司的实际，扎实推进可持续发展与 ESG工作，助力加快金融强国建设。公司持续完善"董事会-战略与ESG委员会-ESG 管理领导小组"三层管理架构，从决策、管理和执行层面确保ESG理念的有效落地。 研究制定《可持续发展暨ESG管理提升行动方案》，明确提出公司可持续发展/ESG 工作的思路以及各业务线的实施路径和发展目标，全力推进"服务国家战略 ...

Financial Performance - Total revenue and other income for the year reached RMB 34,778 million, an increase of 8.97% year-on-year[7] - Net profit for the year was RMB 6,251 million, reflecting a year-on-year growth of 14.16%[7] - Profit attributable to the owners of the parent company was RMB 6,176 million, up 11.81% year-on-year[7] - Total assets and equity at year-end were RMB 697,597 million and RMB 133,349 million, representing year-on-year growth of 9.78% and 3.54% respectively[7] - Return on equity (ROE) for the year was 5.08%, an increase of 0.36 percentage points year-on-year[7] - Operating expense ratio for the year was 56.80%, a decrease of 4.17 percentage points year-on-year[7] - The company proposed a cash dividend of RMB 0.46 per 10 shares, with a total dividend payout ratio of 30.27%[7] Digital Transformation and Innovation - The company launched the "Shencai Youdao" APP to enhance personal customer service experience and strengthen financial technology investment[11] - The company is focusing on digital transformation and structural adjustments to enhance operational efficiency and reduce costs[13] - The company is committed to digital transformation and enhancing operational efficiency through AI technology[19] - The company aims to enhance its comprehensive financial service system characterized by "research + investment + investment banking" to improve investment decision-making accuracy and sustainability[169] Awards and Recognition - The company received 17 provincial-level financial technology awards and the second prize in the "2023 Financial Technology Development Award" from the People's Bank of China[13] - The company has received multiple awards for excellence in corporate governance and investor relations, including the "Best Practice Case" for investor relations management in 2024[82][89] - The company was recognized as the "Best Bond Underwriter" and "Best Credit Bond Underwriter" in the 2024 financial institution selection[101] - The company achieved significant recognition in the 17th New Fortune Best Investment Bank awards, ranking 7th as the "Best Local Investment Bank" and 4th for "Best ESG Investment Bank"[102] Risk Management and Compliance - The company is focused on risk management and maintaining a stable operational philosophy to prevent major risks[20] - The company has outlined various market risks, credit risks, liquidity risks, operational risks, policy risks, legal compliance risks, and product/business innovation risks in the annual report[24] - The regulatory environment is evolving with a focus on strong supervision and risk prevention, enhancing the capital market's foundational systems and investor protection mechanisms[74] Business Operations and Strategy - The company has maintained its main business operations since its listing, focusing on investment management, equity investment, and securities services[40] - The company operates under several subsidiaries, including Shenwan Hongyuan Securities, which provides a range of securities services[41] - The company is positioned to leverage its dual structure of "investment holding group + securities company" to optimize asset allocation and enhance business collaboration[72] - The company aims to enhance financial services to meet the needs of the real economy and wealth management, focusing on strategic resource allocation[16] Shareholder and Capital Information - The registered capital of Shenwan Hongyuan Group Co., Ltd. is RMB 25,039,944,560[37] - The net capital of Shenwan Hongyuan Securities parent company is RMB 90,414,819,574.41[37] - The company confirmed that there are no preferred shares outstanding during the reporting period[24] Market Trends and Economic Impact - The securities industry is experiencing a recovery, with significant growth in brokerage and investment services, driven by improved market conditions[67] - The introduction of new policies aims to promote long-term capital inflows into the market, including the nationwide promotion of individual pension pilot programs[74] - The company is committed to supporting the real economy and promoting high-quality development through its principal investment business, focusing on strategic new industries[166] Client and Service Development - The company’s personal financial services segment achieved total revenue of RMB 11,332 million, representing a year-on-year growth of 5.14%[170] - The number of new clients in the brokerage business increased by 763,600, with the total client securities custody market value reaching RMB 4.75 trillion, a year-on-year increase of 21.88%[173] - The company is focusing on strategic emerging industries such as semiconductors, new materials, and high-end manufacturing for its equity investment business[167] Future Outlook and Goals - The company plans to optimize its top-level design to achieve sustainable development and improve core competitiveness[17] - The company aims to enhance its service capabilities to the real economy, focusing on integrating financial services across the entire industry chain[69] - The company will focus on digital transformation and improving customer service quality to enhance comprehensive service capabilities by 2025[194]

Financial Performance - The company's operating revenue for Q3 2024 reached RMB 6,580,295,775.05, representing a year-on-year increase of 62.74%[3] - Net profit for the quarter was RMB 1,848,309,873.22, a significant increase of 148.49% compared to the same period last year[3] - The net profit attributable to shareholders of the listed company was RMB 1,721,797,301.72, reflecting a year-on-year growth of 187.13%[3] - The basic earnings per share for the quarter was RMB 0.07, showing a substantial increase of 250.00% compared to the same period last year[3] - Total revenue for the first nine months of 2024 reached RMB 17.46 billion, an increase from RMB 16.28 billion in the same period of 2023, representing a growth of 7.2%[18] - Net profit for the first nine months of 2024 was RMB 4.71 billion, down from RMB 5.01 billion in 2023, reflecting a decrease of 5.8%[18] - Net commission and fee income decreased to RMB 4.15 billion from RMB 5.38 billion, a decline of 22.8%[18] - Investment income dropped significantly to RMB 2.02 billion from RMB 5.50 billion, a decrease of 63.3%[18] - Operating expenses increased to RMB 12.03 billion from RMB 10.64 billion, an increase of 13.0%[18] - Total comprehensive income for the period was RMB 5,207,808,813.24, a decrease of 13.76% compared to RMB 6,039,388,996.79 in the same period last year[19] - Earnings per share (EPS) decreased to RMB 0.15 from RMB 0.17 in the same period last year[19] Assets and Liabilities - The total assets as of the end of the reporting period amounted to RMB 672,171,063,278.74, which is a 5.78% increase from the end of the previous year[3] - The company's total assets as of September 30, 2024, were RMB 672.17 billion, up from RMB 635.44 billion at the end of 2023, indicating a growth of 5.8%[17] - Total liabilities increased to RMB 540.63 billion from RMB 506.64 billion, reflecting a rise of 6.7%[17] - Shareholders' equity totaled RMB 131.54 billion, compared to RMB 128.79 billion at the end of 2023, marking an increase of 2.0%[17] - The total equity attributable to shareholders of the listed company was RMB 103,093,342,352.31, a 2.94% increase from the previous year-end[3] Cash Flow - The net cash flow from operating activities for the year-to-date period was RMB 64,490,363,330.23, reflecting a 28.56% increase year-on-year[3] - Net cash flow from operating activities increased to RMB 64,490,363,330.23, up 28.54% from RMB 50,164,115,326.49 year-on-year[20] - Net cash flow from investing activities was RMB 16,677,387,696.19, a significant improvement from a negative RMB 72,367,052,700.35 in the previous year[21] - Net cash flow from financing activities showed a net outflow of RMB 23,096,769,620.19, compared to a net outflow of RMB 12,037,124,103.24 last year[21] - The total cash and cash equivalents at the end of the period reached RMB 190,353,951,646.30, an increase from RMB 113,041,963,834.05 at the end of the previous year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 242,069, with the top ten shareholders holding a combined 70.31% of shares[9] - The top 10 shareholders hold significant stakes, with China Jianyin Investment Co., Ltd. owning 6,596,306,947 shares, representing a substantial portion of the company's equity[10] Corporate Governance - The company held its 2024 first extraordinary general meeting on October 22, 2024, where it elected Liu Jian and Huang Hao as executive directors of the sixth board[12] - The sixth board of directors was established with Liu Jian as the chairman and Huang Hao as the vice chairman, effective from October 22, 2024[13] - The sixth supervisory board was formed, including non-employee supervisors Fang Rongyi, Chen Yan, and Zou Zhijun, elected on October 22, 2024[15] - The board's strategic and ESG committee is chaired by Liu Jian, indicating a focus on sustainability and governance[13] - The company has undergone a board reshuffle, with the resignation of non-executive director Ren Xiaotao due to work arrangements[13] - The company has established various specialized committees within the board, including the remuneration and nomination committee, audit committee, and risk control committee[13] Risk and Financial Instruments - The company's net capital decreased by 7.88% to CNY 84.29 billion from CNY 91.50 billion year-over-year[7] - The risk coverage ratio decreased by 5.75 percentage points to 295.02% from 300.77% year-over-year[7] - The liquidity coverage ratio decreased by 4.48 percentage points to 165.13% from 169.61% year-over-year[7] - The company reported a net decrease in financial instruments held for trading of RMB 12,014,670,303.14, compared to a decrease of RMB 43,593,677,686.27 last year[20] - Cash received from interest, fees, and commissions was RMB 15,948,020,634.28, down from RMB 17,059,569,306.45 in the previous year[20] Other Business Activities - Non-recurring gains and losses for the quarter totaled RMB 45,994,836.11, with a year-to-date total of RMB 109,534,735.51[5] - The company's other business income increased by 56.57% to CNY 4.92 billion from CNY 3.14 billion, driven by higher sales revenue from bulk commodities[6] - The company's investment income for the first nine months of 2024 fell by 63.30% to CNY 2.02 billion from CNY 5.50 billion, primarily due to a decrease in investment income from trading financial assets[6] - The fair value changes in profit and loss increased by 217.09% to CNY 6.07 billion from CNY 1.91 billion, reflecting gains from trading financial assets[6] - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[18]

Financial Performance - Total revenue and other income for the first half of 2024 was RMB 15,899,662, a decrease of 8.89% compared to RMB 17,450,595 in the same period of 2023[17]. - Profit before tax decreased by 32.46% to RMB 3,359,549 from RMB 4,974,027 year-on-year[17]. - Net profit attributable to shareholders was RMB 2,128,072, down 43.22% from RMB 3,747,734 in the previous year[17]. - Basic earnings per share decreased to RMB 0.08, down 46.67% from RMB 0.15 year-on-year[17]. - The weighted average return on net assets was 2.09%, a decrease of 1.76 percentage points compared to 3.85% in the previous year[17]. - Commission and fee income amounted to RMB 3,622 million, down RMB 791 million or 17.93% year-on-year, primarily due to declines in securities brokerage and asset management revenues[137]. - Interest income was RMB 4,512 million, a decrease of RMB 289 million or 6.01% year-on-year, mainly from reduced financing and margin trading interest income[137]. - Net investment income reached RMB 4,859 million, down RMB 1,154 million or 19.19% year-on-year, attributed to lower realized gains on financial instruments[137]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 607,386,031, a decrease of 4.41% compared to December 31, 2023[19]. - Total liabilities decreased by 5.81% to RMB 477,203,828 as of June 30, 2024[19]. - The total equity attributable to shareholders increased by 1.70% to RMB 101,850,883[19]. - Cash and cash equivalents as of June 30, 2024, were RMB 47,621 million, a decrease of RMB 9,016 million from RMB 56,637 million on June 30, 2023[142]. - The company's liquidity management policy focuses on enhancing self-owned capital management and ensuring the safety and efficiency of capital use, maintaining sufficient liquidity reserves[152]. Business Segments - The main business segments include corporate finance, personal finance, institutional services and trading, and investment management, with a focus on providing diversified financial products and services[31]. - The corporate finance segment encompasses investment banking and principal investment, offering services such as equity underwriting, bond underwriting, and financial advisory[32]. - The personal finance segment serves individual and non-professional institutional investors through a combination of online and offline services, including securities brokerage and margin financing[33]. - The institutional services segment provides services such as prime brokerage and research consulting to professional institutional clients, along with trading in FICC and equity-linked securities[34]. - The investment management segment includes asset management, public fund management, and private fund management services, with no significant changes in the business model during the reporting period[35]. Risk Management - The company faced significant risks including market risk, credit risk, liquidity risk, operational risk, policy risk, legal compliance risk, innovation business risk, reputation risk, and exchange rate risk[174]. - The company has implemented a unified internal rating system to manage credit risk, ensuring all business entities meet standardized entry criteria[179]. - Liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) both meet regulatory standards, indicating sufficient liquidity reserves[180]. - The company has enhanced liquidity risk monitoring and established a liquidity risk early warning system to manage cash flow gaps[182]. - Operational risks have been identified due to personnel errors and system deficiencies, prompting the company to improve its operational risk management mechanisms[184]. Awards and Recognition - The company received multiple awards, including recognition for outstanding practices in investor relations and contributions to the bond market, highlighting its commitment to excellence in service[36]. - The company has been recognized as an excellent market maker in various financial instruments, including stock index options and government bond futures, reflecting its strong market presence[38]. - The company received the "Best A-share IPO Underwriter" award from WIND for 2023, highlighting its strong performance in the IPO market[42]. - The company has been recognized as a top 100 private equity investment institution in China for 2023-2024, indicating its competitive position in the private equity sector[42]. - The company has been rated as "A" for information disclosure by the Shenzhen Stock Exchange for eight consecutive years, reflecting its commitment to high-quality information transparency[199]. Strategic Focus - The company is focusing on building a first-class modern investment bank to enhance its core functions and profitability[27]. - The company continues to focus on sustainable development and enhancing service quality in alignment with national strategies, ensuring steady progress in high-quality development[30]. - The company aims to strengthen its integration of research, investment, and banking services to support national strategies and enhance supply chain security[74]. - The company plans to enhance its wealth management model by focusing on asset allocation and value-added services in the second half of 2024[80]. - The company aims to enhance its core competitiveness and ensure no major risks occur while adhering to financial supervision requirements in the second half of 2024[193]. Market Conditions - The domestic capital market saw a significant contraction in equity financing, with the number of new A-share listings dropping by 74.57% year-on-year in the first half of 2024[55]. - The offshore bond issuance for Chinese entities totaled approximately USD 53.1 billion in the first half of 2024, a year-on-year decrease of about 14.7%[56]. - The domestic futures market recorded a total trading volume of 3.46 billion contracts, a year-on-year decrease of 12.43%, while the total trading value increased by 7.40% to RMB 281.51 trillion[82]. - The company is leveraging development opportunities in traditional advantageous regions such as Shanghai and Xinjiang, aligning with national development strategies[45]. - The introduction of the new "National Nine Articles" policy has significantly impacted the market ecosystem, particularly enhancing regulations on ST stocks and delisting supervision[113].

Financial Performance - Total revenue and other income for the first half of 2024 was RMB 15,899,662, a decrease of 8.89% compared to RMB 17,450,595 in the same period of 2023[19]. - Profit before tax decreased by 32.46% to RMB 3,359,549 from RMB 4,974,027 year-on-year[19]. - Net profit attributable to shareholders was RMB 2,128,072, down 43.22% from RMB 3,747,734 in the previous year[19]. - Basic earnings per share decreased to RMB 0.08, down 46.67% from RMB 0.15 year-on-year[19]. - Total assets as of June 30, 2024, decreased by 4.41% to RMB 607,386,031 compared to December 31, 2023[21]. - Total liabilities decreased by 5.81% to RMB 477,203,828 as of June 30, 2024, compared to the end of 2023[21]. - The total equity attributable to shareholders increased by 1.70% to RMB 101,850,883 as of June 30, 2024[21]. - The company reported a significant increase in the "insurance + futures" service model, with project numbers and payout amounts growing by 733.33% and 283.28% respectively compared to the previous year[84]. - The company achieved significant recognition in the investment banking sector, being named "Best A-share IPO Underwriter" and "Best Financial Advisor for M&A" by WIND for 2023[44]. Dividend Distribution - The company reported a total cash dividend distribution of RMB 425,679,057.52, with a cash dividend of RMB 0.17 per share for every 10 shares held[4]. - The company will consider the interim profit distribution amount when formulating the profit distribution plan for 2024[4]. - The company has cumulatively distributed cash dividends of RMB 15.652 billion since 2015, with the cash dividend for 2023 accounting for 30.44% of the annual profit attributable to shareholders[197]. Risk Management - The company has outlined various market risks, including market risk, credit risk, liquidity risk, operational risk, policy risk, legal compliance risk, innovation business risk, reputation risk, and exchange rate risk[4]. - The company emphasizes a comprehensive risk management system, ensuring all risk control indicators meet regulatory requirements[48]. - The company has established a mechanism for dynamic monitoring and early warning of credit risk, utilizing market information for credit rating updates[181]. - The company has enhanced liquidity risk monitoring and established a liquidity risk early warning system to manage cash flow gaps effectively[184]. - The company has faced challenges in operational risk management due to increased business scale and regulatory scrutiny, leading to the implementation of improved operational risk management mechanisms[186]. Business Segments - The main business segments include corporate finance, personal finance, institutional services and trading, and investment management, with a focus on providing diversified financial products and services[33]. - The corporate finance segment consists of investment banking and principal investment, offering services such as equity underwriting and financial advisory[34]. - The personal finance segment caters to individual and non-professional institutional investors, providing services like securities brokerage and margin financing through both online and offline channels[35]. - The institutional services segment includes providing prime brokerage services and research consulting for professional institutional clients, along with trading in FICC and equity-linked securities[36]. - The investment management segment encompasses asset management, public fund management, and private fund management services[37]. Market Position and Strategy - The company maintains a leading position in the Chinese securities industry, leveraging a dual structure of "investment holding group + securities subsidiary" to optimize asset allocation and enhance business collaboration[32]. - The company aims to balance functionality and profitability in its operations, focusing on high-quality development in the securities industry[29]. - The company is positioned to benefit from the ongoing reforms and policies aimed at enhancing the capital market's stability and transparency[27]. - The company is actively expanding its investment layout and promoting efficient collaboration between its securities and investment businesses[46]. Awards and Recognition - The company has received multiple awards, including recognition for outstanding practices in investor relations and corporate governance from various financial institutions[38]. - The company was awarded the "Best Innovative Practice Award" and "Best Capital Market Communication Award" at the 7th China Excellence IR event[38]. - The company has been rated A-class for investor education by the China Securities Association for three consecutive years, highlighting its commitment to investor protection and education[197]. Future Plans - The interim report emphasizes that future plans and development strategies do not constitute a substantive commitment to investors, highlighting the importance of investment risk awareness[3]. - The company plans to continue establishing specialized funds and regional funds in the second half of 2024, focusing on key areas aligned with national development strategies[138]. - The company aims to enhance its wealth management transformation with a focus on customer-centric services and asset allocation strategies in the second half of 2024[134]. - The company plans to strengthen its core competitiveness in active equity, fixed income, and quantitative index development while aligning with new policy directions[134].

Financial Performance - Total revenue for Q1 2024 was RMB 5,680,365,003.03, a decrease of 1.47% compared to RMB 5,765,114,214.28 in the same period last year[10] - Net profit for Q1 2024 was RMB 1,656,724,643.77, down 24.69% from RMB 2,199,810,498.39 year-on-year[10] - Net profit attributable to shareholders decreased by 31.00% to RMB 1,387,612,479.52 from RMB 2,010,990,436.36 in the previous year[10] - Basic and diluted earnings per share were both RMB 0.06, down 25.00% from RMB 0.08 in the previous year[10] - The net income from commission and fee income decreased to RMB 1,451,792,419.36, a decline of 16.76% from RMB 1,744,840,129.52 in the same period last year[29] - Investment income showed a significant loss of RMB 1,729,602,177.23 in Q1 2024, compared to a profit of RMB 2,964,465,066.59 in Q1 2023[29] Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -12,579,208,313.59, a significant decline of 142.54% compared to RMB 29,569,645,649.26 in the same quarter last year[10] - In Q1 2024, the net cash flow from operating activities was -12.58 billion RMB, a significant decrease compared to 29.57 billion RMB in Q1 2023[33] - Cash inflow from investment activities in Q1 2024 was 14.41 billion RMB, compared to only 865 million RMB in Q1 2023, resulting in a net cash flow of 14.26 billion RMB from investment activities[33] - The cash inflow from financing activities totaled 27.09 billion RMB in Q1 2024, an increase from 24.48 billion RMB in Q1 2023, while the net cash flow from financing activities was -1.05 billion RMB[35] - The net increase in cash and cash equivalents for Q1 2024 was 625.49 million RMB, contrasting with a net decrease of 11.15 billion RMB in Q1 2023[35] Assets and Liabilities - Total assets at the end of Q1 2024 were RMB 628,122,635,093.05, a decrease of 1.15% from RMB 635,437,418,096.46 at the end of the previous year[10] - Total liabilities decreased to RMB 497,147,099,033.00 from RMB 506,643,283,874.09[27] - The company's cash and cash equivalents decreased to RMB 104,378,480,158.11 from RMB 110,939,833,882.65[27] - The total equity attributable to shareholders of the parent company increased to RMB 102,056,193,829.98 from RMB 100,145,041,099.95[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 246,493, including 246,433 A-share shareholders and 60 H-share shareholders[19] - The top 10 shareholders hold a combined 73.31% of the total shares, with China Jianyin Investment holding 26.34% and Central Huijin Investment holding 20.05%[19] - Shanghai Jushi Group's shareholding increased by 11,125,100 shares during the reporting period, representing a 0.0444% increase in total shareholding[25] - The total number of shares held by the top 10 unrestricted shareholders is 18,000,000,000, with China Jianyin Investment holding the largest share at 6,596,306,947[21] - The total number of shares pledged by China Everbright Group is 67,500,000, indicating a 6.75% pledge rate of its total holdings[19] - The total number of shares held by Central Huijin Asset Management is 197,390,385, representing 0.79% of total shares[21] - Shanghai Jushi Group's total shareholding at the end of the reporting period is 1,212,810,389, which is 4.84% of the total shares[24] - The total number of shares held by the top 10 shareholders participating in the securities lending business is 11,125,100, which has not been returned[25] - The total number of shares held by the top 10 unrestricted shareholders includes 5,020,606,527 shares held by Central Huijin Investment[21] - The total number of shares held by Xinjiang Financial Investment Group is 400,095,559, representing 1.60% of total shares[19] Other Income and Expenses - Other business income increased by 65.06% to RMB 1,298,244,585.27, driven by higher commodity sales revenue[17] - The company reported a significant increase in fair value changes of financial instruments, with a gain of RMB 4,656,471,442.84 compared to RMB 296,161,174.02 in the previous year, reflecting a 1,472.28% increase[17] - Other comprehensive income after tax increased to RMB 524,677,193.91 in Q1 2024 from RMB 415,170,266.21 in Q1 2023[31] - The company paid 1.73 billion RMB to employees in Q1 2024, a slight decrease from 1.75 billion RMB in Q1 2023[35] - The cash outflow for taxes paid in Q1 2024 was 286.63 million RMB, down from 449.45 million RMB in Q1 2023, showing a 36.3% reduction[35] - The company issued bonds in Q1 2024, generating cash inflow of 26.99 billion RMB, compared to 23.85 billion RMB in Q1 2023, marking an increase of 9%[35] - Interest, fees, and commissions received in Q1 2024 were 5.67 billion RMB, up from 5.47 billion RMB in Q1 2023, reflecting a 3.5% increase[33]

Financial Performance - Total revenue and other income for the year reached RMB 31,916 million, a year-on-year increase of 1.08%[2] - Net profit for the year was RMB 5,475 million, with a return on equity (ROE) of 4.72%, reflecting a year-on-year increase of 74.39% and 1.79 percentage points[2] - The company's equity attributable to shareholders increased to RMB 100,145,041, a rise of 5.37% from RMB 95,044,944 in 2022[49] - The pre-tax profit reached RMB 6,092 million, a significant increase of 99.74% compared to the previous year[82] - Net profit attributable to shareholders was RMB 4,606 million, reflecting a year-on-year growth of 65.16%[82] - Basic earnings per share for 2023 were RMB 0.18, representing a 63.64% increase from RMB 0.11 in 2022[49] - Total expenses for 2023 were RMB 26,402 million, down RMB 2,870 million or 9.80% from the previous year[190] Assets and Liabilities - The group's total assets and equity at year-end were RMB 635,437 million and RMB 128,794 million, respectively, representing year-on-year growth of 3.64% and 10.38%[2] - Total liabilities as of December 31, 2023, were RMB 506,643,284, up 2.06% from RMB 496,437,332 in 2022[49] - The debt-to-asset ratio decreased to 76.09%, down 1.16 percentage points from 77.25% in 2022[49] - The total current assets of the group as of December 31, 2023, were RMB 514,458 million, a decrease of RMB 35,142 million from the beginning of the year[198] Dividends and Shareholder Returns - The board proposed a cash dividend of RMB 0.56 per 10 shares, resulting in a dividend payout ratio of 30.44%[2] - The company has maintained a stable cash dividend policy, enhancing shareholder return awareness and engaging with investors through various platforms[7] - The company has committed to increasing cash dividends and improving investor returns as part of its governance and value enhancement efforts[11] Business Development and Strategy - The company has implemented a digital transformation strategy, launching multiple systems and technology platforms, and has been awarded 9 provincial-level financial technology awards[5] - The company has focused on enhancing its investment banking and asset management capabilities, capitalizing on opportunities in modern industrial system construction and high-level opening-up[6] - The company aims to enhance its financial services in five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, focusing on improving service capabilities for various sectors[9] - The company plans to enter the Southeast Asian market in 2024, targeting a revenue contribution of 10% from this region[22] Market Position and Industry Trends - The company ranked first in the number of IPOs on the Beijing Stock Exchange, facilitating 53 listings for specialized and innovative small and medium-sized enterprises[3] - The company has made significant progress in international business development, emphasizing cross-border investment and capital intermediation[5] - The competitive landscape in the securities industry is intensifying, with larger firms gaining an advantage through capital strength and innovation[58] Awards and Recognition - The company received multiple awards, including the "Best Practice Case" in the 2023 China Listed Company Board Secretary Performance Evaluation, highlighting its governance excellence[67] - The company was recognized as the Best Investment Bank for A-share IPO underwriting and ranked 8th in the Best Investment Bank category by Hong Kong Stock Exchange[70] - The company was awarded the "Best Digital Transformation Futures Operating Institution," showcasing its advancements in technology and digital services[72] Risk Management and Compliance - The company has strengthened its compliance risk management, ensuring no major risks occurred while achieving good operating results amid various unexpected factors[6] - The company is focused on enhancing its governance and compliance framework as part of its strategic initiatives[35] Research and Development - The company is investing RMB 500 million in R&D for new technologies, focusing on AI and blockchain solutions[22] - The company plans to enhance its product system and continue product innovation to meet diverse customer needs in 2024[166] Customer Engagement and Services - The company is implementing new strategies to enhance customer engagement, aiming for a 15% increase in customer retention rates[22] - The company provided comprehensive wealth management services to over 40 listed companies and more than 10,000 shareholders, focusing on six major accounts and four key scenarios[146] Financial Technology and Innovation - The company has actively participated in the development of the Beijing Stock Exchange, promoting the integration of multi-level stock and bond markets[61] - The company’s futures trading division received the "Best Futures Talent Cultivation Institution Contribution Award," underlining its focus on talent development[72]

Financial Performance - Total revenue and other income for the year reached RMB 31,916 million, a year-on-year increase of 1.08%[4] - Net profit for the year was RMB 5,475 million, representing a year-on-year growth of 74.39%[4] - Profit before tax for 2023 was RMB 6,092,082, representing a significant increase of 99.74% from RMB 3,049,963 in 2022[51] - Net profit attributable to shareholders for 2023 was RMB 4,606,340, up 65.16% from RMB 2,789,068 in 2022[51] - Basic earnings per share for 2023 were RMB 0.18, reflecting a 63.64% increase from RMB 0.11 in 2022[51] - The weighted average return on equity improved to 4.72%, an increase of 1.79 percentage points year-on-year[4] - Total assets as of December 31, 2023, were RMB 635,437,418, an increase from RMB 613,117,025 at the end of 2022[51] - Total liabilities as of December 31, 2023, were RMB 506,643,284, compared to RMB 496,437,332 at the end of 2022[51] - The company's equity attributable to shareholders increased to RMB 100,145,041, up from RMB 95,044,944 in 2022[51] Corporate Governance and Compliance - The company has received multiple awards for best practices in governance, including "Best Board Practice" and "Best Supervisor Practice" [9] - The company has maintained an "A" rating for information disclosure from the Shenzhen Stock Exchange for eight consecutive years, emphasizing investor-oriented disclosure [9] - The company emphasizes compliance and risk management, ensuring stable operations and effective support for business transformation[8] - The company has undergone a comprehensive audit of its financial reports, receiving a standard unqualified opinion from its auditors[15] - The company has outlined potential market risks, credit risks, and other operational risks in its annual report, advising investors to be cautious [15] Strategic Initiatives and Business Development - The company aims to build a first-class comprehensive financial service provider centered on securities business and capital markets, with a focus on "investment + investment banking" [10] - The company is committed to supporting five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, to enhance service capabilities [11] - The company plans to improve the quality of information disclosure and support listed companies in enhancing their disclosure practices [12] - The company is focusing on digital transformation and has established a dedicated IT support department to enhance business and technology integration[7] - The company has strengthened its investment advisory model, transitioning from a sell-side to a buy-side approach, leading to steady growth in public fund advisory and employee stock ownership plan (ESOP) businesses[6] Awards and Recognition - The company received multiple awards in 2023, including the "Best Bond Underwriter" and "Outstanding Special Member" from various financial institutions[71] - The company was recognized as a leading institution in market innovation and active trading in 2023[71] - The company achieved a notable ranking in ESG practices, being recognized as the "Best ESG Investment Bank" and "Top Local Investment Bank" in various evaluations[71] - The company has been awarded for its contributions to investor education and protection, receiving accolades for its efforts in this area[71] Market Trends and Challenges - The capital market is undergoing significant reforms, including the implementation of a comprehensive registration system, which is expected to improve market ecology and stimulate institutional business demand[63] - The securities industry is experiencing accelerated transformation, with increased competition leading to a higher concentration of resources among large brokerages, while smaller firms focus on niche markets[61] - The introduction of new financial products, such as public REITs and various equity funds, is expanding the market and meeting the growing wealth management needs of investors[63] - Regulatory changes, including the reduction of transaction fees and stamp duties, are aimed at boosting market confidence and enhancing the overall investment environment[63] Financial Services and Product Offerings - The company's financial services consist of investment banking and principal investment, providing services such as equity underwriting and financial advisory[68] - Personal financial services cover a wide range of needs for individual and non-professional institutional investors, offering services like securities brokerage and investment advisory[68] - The investment management business includes asset management, public fund management, and private fund management services[68] - The company is actively enhancing its service offerings in corporate finance, personal finance, institutional services, and investment management, aiming to create a comprehensive financial service ecosystem[65] Risk Management and Operational Efficiency - The company is focusing on risk prevention and control, aligning with the regulatory emphasis on maintaining a healthy market order and preventing financial risks[61] - The company aims to strengthen risk management and promote high-quality development of margin financing and securities lending business under the comprehensive registration system[134] - The company is committed to continuous innovation in product offerings, particularly in derivatives and wealth management solutions, to adapt to evolving market demands[63] Future Outlook - In 2024, the company anticipates challenges in IPO and refinancing, but expects positive changes in the capital market due to economic recovery and policy reforms[112] - The company plans to enhance its professional service capabilities and accelerate institutional and digital transformation in 2024[134] - The company aims to deepen financial technology construction and optimize its sales system to support high-quality development in asset management[174]

FF301 本月底法定/註冊股本總額： RMB 25,039,944,560 | 公司名稱: | 申萬宏源集團股份有限公司 | | --- | --- | | 呈交日期: | 2023年12月4日 | I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 | 06806 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,504,000,000 | RMB | | 1 RMB | | 2,504,000,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 2,504,000,000 | RMB | | 1 RMB | | 2,504,000,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截 ...