证券代码：600901 证券简称：江苏租赁 编号：SZTG-2020-002 江苏金融租赁股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------|--------------------------------------------------------------|---------|-------------|---------------------------------------|-------|-------|-------|------------------------------------------------------------| | 投资者关系活 \n动类别 | 特定对象调研 \n 媒体采访 \n□新闻发布会 \n□现场参观 \n 其他 | \n | | □分析师会议 \n□业绩说明会 \n□路演活动 | | | | | | | 华泰证券 沈 | 娟 | 蒋昭鹏 | 陶圣禹 | 刘 | 璐 | 李 | 楠 | | | 华安财险 | 贺 ...

Financial Performance - The company's operating revenue for 2019 was RMB 306,562.97 million, representing a 25.82% increase compared to RMB 243,660.70 million in 2018[20]. - The net profit attributable to shareholders for 2019 was RMB 158,326.77 million, a 26.56% increase from RMB 125,103.48 million in 2018[20]. - The net cash flow from operating activities was RMB 122,090.03 million, a significant recovery from a negative cash flow of RMB -749,108.38 million in 2018[20]. - The total assets at the end of 2019 reached RMB 6,836,316.08 million, an increase of 15.81% from RMB 5,902,965.95 million at the end of 2018[21]. - The basic earnings per share for 2019 was RMB 0.53, up 23.26% from RMB 0.43 in 2018[22]. - The weighted average return on equity increased to 13.82% in 2019, up from 12.68% in 2018, reflecting a 1.14 percentage point increase[22]. - The capital adequacy ratio decreased slightly to 16.83% at the end of 2019, down from 17.08% at the end of 2018[22]. - The non-performing financing lease asset ratio increased to 0.85% in 2019, compared to 0.79% in 2018[22]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 2.40 per 10 shares, totaling RMB 71,679.60 million based on the total share capital as of December 31, 2019[3]. - The company reported a net profit of RMB 158,326.77 million for the year 2019, with a proposed cash dividend of RMB 2.40 per 10 shares, totaling RMB 71,679.60 million[111]. - The company plans to allocate 10% of its net profit, amounting to RMB 15,832.68 million, to statutory surplus reserves for the year 2019[111]. - The company’s cash dividend distribution plan for 2019 represents 45.27% of its net profit, indicating a commitment to returning value to shareholders[113]. Risk Management - The company has no foreseeable major risks and has implemented various measures to manage and control operational risks[6]. - The company has established a comprehensive risk management system, integrating risk control with business processes[40]. - The company has a risk management strategy in place to monitor potential credit risks due to economic downturns and liquidity issues[106]. Business Strategy and Development - The company continues to focus on a dual strategy of "transformation + growth" and "manufacturer + regional" to drive business development in key markets[31]. - The financial leasing industry in China is expected to enter a new stage of high-quality development, driven by policies such as "Made in China 2025" and "New Infrastructure"[35]. - The company aims to deepen its transformation and enhance core competitiveness while optimizing its business structure to ensure moderate growth in 2020[105]. - The company will focus on developing leasing products that meet market demand and explore new industries and fields to diversify its business layout[105]. - The company has identified potential opportunities in "new infrastructure," public health, and emergency medical sectors, which are expected to drive growth[105]. Market Presence and Partnerships - The company has established partnerships with 609 manufacturers and dealers, enhancing its market reach and service offerings[36]. - The company expanded its market presence, forming 10 major business segments across over 50 sub-markets[52]. - The company’s core competitive advantages include a professional business capability and a diversified business structure covering over 50 sub-markets[36]. Corporate Governance and Compliance - The company has maintained compliance with all commitments made during the IPO process[115]. - The company has committed to not engaging in any business that competes with Jiangsu Leasing, ensuring no direct or indirect competition exists[119]. - The company has a lock-up period of 36 months post-IPO, during which it will not transfer or manage its shares[120]. - The company has committed to compensating investors for any losses incurred due to non-fulfillment of public commitments made during the IPO[123]. - The company emphasizes compliance governance and investor relations, focusing on protecting the rights of small and medium investors[145]. Social Responsibility and Community Engagement - The company actively engaged in targeted poverty alleviation, focusing on education and healthcare in Shitai County, Anhui Province, with donations including a medical mobile unit and 260 sets of school uniforms[139]. - Total financial contributions for poverty alleviation reached over 600,000 RMB, including donations to Qinghai Province and Jiangsu's northern regions[140]. - The company provided 2.2 million RMB for supporting impoverished students and 5.76 million RMB to improve educational resources in poor areas[141]. - The company plans to continue its targeted assistance efforts, emphasizing healthcare and education, while also incorporating e-commerce initiatives for poverty alleviation[143]. - The company has actively participated in social responsibility initiatives, promoting green leasing and financing to support environmental protection[144]. Employee and Management Structure - The company has a total of 315 employees, with no employees in major subsidiaries[191]. - The professional composition included 226 financial personnel and 7 senior executives[191]. - The company has a diverse executive team with extensive experience in finance and management across various sectors[178]. - The company’s board and management remuneration is determined based on performance and industry standards[187]. - The company has implemented a new "MBA" position and compensation management system, optimizing the salary structure to align better with the market[192]. Shareholder Structure - The company has a diverse shareholder structure, with significant holdings from state-owned and private entities[155]. - The top shareholder, Jiangsu Transportation Holding Co., Ltd., holds 640,000,000 shares, representing 21.43% of the total shares[159]. - The company does not have a controlling shareholder situation[166]. - The actual controller of the company is the Jiangsu Provincial State-owned Assets Supervision and Administration Commission[167].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 142,293.73 million, representing a 20.21% increase compared to CNY 118,374.77 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2019 was CNY 78,585.46 million, a 22.29% increase from CNY 64,261.12 million year-on-year[18]. - The basic earnings per share for the first half of 2019 was CNY 0.26, up 13.04% from CNY 0.23 in the previous year[18]. - The company's total profit reached 1,048.21 million RMB, an increase of 193.53 million RMB, representing a growth of 22.64% year-on-year[40]. - Net profit amounted to 785.85 million RMB, up by 143.24 million RMB, with a year-on-year increase of 22.29%[40]. - Operating revenue was 1,422.94 million RMB, reflecting a year-on-year increase of 239.19 million RMB, or 20.21%[42]. - The net interest income rose to 1,197.86 million RMB, a significant increase of 35.52% compared to the previous year[44]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,458,887.20 million, reflecting a 9.42% increase from CNY 5,902,965.95 million at the end of the previous year[18]. - The total liabilities amounted to CNY 5,338,949.87 million, increasing by CNY 537,752.76 million, with a growth rate of 11.20%[38]. - The company's net asset attributable to shareholders increased by 1.65% to CNY 1,119,937.33 million from CNY 1,101,768.84 million at the end of the previous year[18]. - The company's total assets reached CNY 6,458,887.20 million, an increase of CNY 555,921.25 million, representing a growth of 9.42% compared to the previous year[38]. - The company's interest-bearing debt totaled CNY 4,642,505.53 million, accounting for 86.96% of total liabilities, with a year-on-year increase of 14.53%[74]. Cash Flow - The company reported a net cash flow from operating activities of CNY -57,683.86 million, compared to CNY -794,706.47 million in the previous year, indicating a significant improvement[18]. - The net cash flow from investing activities was a negative CNY 1,811.05 million, a decrease of 111.83% compared to a positive CNY 15,307.82 million last year[60]. - The net cash flow from financing activities decreased by 80.46% to CNY 155,446.12 million from CNY 795,440.09 million year-over-year[60]. - The total cash inflow from operating activities for the first half of 2019 was CNY 17,504,181,450.35, an increase from CNY 12,638,861,233.88 in the same period of 2018, representing a growth of approximately 38.5%[173]. - The cash outflow from operating activities totaled CNY 18,081,020,007.70, compared to CNY 20,585,925,938.26 in the first half of 2018, indicating a decrease of about 12.2%[175]. Risk Management - The company does not foresee any major risks in its operations, having implemented various measures to manage and control operational risks[4]. - The company faces risks related to the rising proportion of non-performing receivables in financing leases due to potential liquidity tightening in the financial market[87]. - The company has a high concentration of receivables from small and medium-sized clients, which may pose risks if their financial conditions deteriorate[88]. - The company is exposed to risks from interest rate fluctuations that could negatively impact profitability if lease income does not keep pace with rising financing costs[89]. - The company monitors liquidity risks arising from mismatches in the duration of interest-bearing debts and financing lease terms[91]. Shareholder Information - The company held its annual general meeting on May 20, 2019, with shareholders representing 78.20% of the voting rights present[93]. - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[94]. - The total number of shares after the recent changes is 2,986,649,968, with 78.57% being restricted shares prior to the changes[130]. - The top ten shareholders include a mix of state-owned and private entities, with no changes in controlling shareholders reported[143]. Corporate Social Responsibility - The company actively participated in poverty alleviation efforts, donating 450,000 RMB to impoverished areas in Jiangsu Province during the reporting period[118]. - The company organized educational activities for impoverished children, raising a total of 4,800 RMB to fulfill the New Year wishes of 24 students[118]. - The company has established a strategic cooperation framework for poverty alleviation with Shitai County, Anhui Province, focusing on education, healthcare, and e-commerce[117]. - The company donated medical equipment to a local health clinic, which has provided health check-ups for over 4,000 impoverished individuals, significantly improving local healthcare services[122]. Environmental Initiatives - The company issued its first green financial bond in April 2019, with raised funds allocated for clean energy and environmental projects[125]. - The company continues to explore green finance opportunities, providing leasing services to clients in clean energy and environmental sectors[125]. - The company is not classified as a major polluter and has not experienced significant environmental incidents[125].

Financial Performance - As of the end of 2018, the company's total assets reached RMB 59,029.66 million, an increase of RMB 936.05 million or 18.85% year-on-year[9]. - The total profit for 2018 was RMB 1,666.35 million, representing a year-on-year growth of 23.58%[9]. - The net profit for 2018 was RMB 1,251.03 million, with a year-on-year increase of 23.79%[9]. - The return on assets (ROA) and return on equity (ROE) were 2.30% and 12.68%, respectively, both ranking among the top in the industry[9]. - In 2018, the company achieved operating revenue of CNY 243,660.70 million, representing a year-on-year increase of 25.42%[28]. - The net profit attributable to shareholders was CNY 125,103.48 million, up 23.79% from the previous year[28]. - The net profit after deducting non-recurring gains and losses was CNY 118,719.53 million, an increase of 18.15% year-on-year[28]. - Total operating income for Q4 2018 was RMB 65,990.80 million, showing a quarterly increase[34]. - Net profit attributable to shareholders for Q4 2018 was RMB 29,536.17 million, a decrease compared to previous quarters[34]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[163]. Asset and Liability Management - The company's total assets reached CNY 5,902,965.95 million, reflecting an 18.85% increase compared to the end of 2017[29]. - The net assets attributable to shareholders increased by 76.35% to CNY 1,101,768.84 million[29]. - The capital adequacy ratio improved to 17.08%, an increase of 5.59 percentage points from the previous year[30]. - The weighted average return on net assets decreased to 12.68%, down 4.78 percentage points year-on-year[30]. - The company's total liabilities rose to 4,801,197.11 million RMB, an increase of 10.57%[67]. - The debt-to-asset ratio decreased from 87.42% to 81.34%[140]. Business Development and Strategy - The company adopted a "transformation + growth" strategy to enhance its service capabilities in the face of a complex external environment[14]. - Future strategies include a focus on professional services and enhancing brand image while maintaining compliance and risk management[26]. - The company has expanded its business into emerging markets such as clean energy and high-end equipment[38]. - The company plans to implement a "transformation + growth" strategy, emphasizing the urgency of transformation and focusing on equipment financing, retail finance, and innovation tolerance[91]. - The company aims to become a leader in national equipment financing by promoting a dual-line strategy that combines supply chain finance and targeted small and micro customer groups[92]. Social Responsibility and Compliance - The company actively engaged in social responsibility initiatives, including poverty alleviation and educational support in Anhui Province[11]. - The company focused on compliance management in 2018, designating it as the "Compliance Management Year" to enhance compliance levels[15]. - The company signed a strategic cooperation framework agreement with the Shitai County government for targeted poverty alleviation, aiming to help the county eliminate poverty within three years[122]. - In 2018, the company implemented its first batch of targeted poverty alleviation projects, investing CNY 4.8 million in health-related initiatives, including advanced medical equipment for local hospitals[124]. Shareholder and Governance - The company issued 639,999,700 shares in its IPO, increasing total share capital to RMB 2,986,649,968.00[31]. - The company has established a cash dividend policy to ensure continuity and stability in profit distribution[97]. - The company has committed to maintaining a positive profit distribution plan in profitable years, subject to regulatory capital adequacy requirements[97]. - The company has established a mechanism to link executive compensation to the execution of return measures[106]. - The company has appointed PwC Zhongtian as the auditor for the 2018 annual report, with an audit fee of RMB 1.2 million[109]. Operational Efficiency and Cost Management - The company reported a 5% reduction in operational costs due to efficiency improvements[162]. - The company has set a goal to reduce operational costs by 15% through efficiency improvements in the supply chain[167]. - The company implemented a quarterly dynamic evaluation mechanism to enhance overall performance, linking compensation closely to assessment results[174]. Market Expansion and Product Development - The company is exploring acquisition opportunities to enhance its product portfolio, targeting firms with complementary technologies[160]. - Market expansion efforts led to a 20% increase in market share in the Asia-Pacific region[162]. - New product launches contributed to a 30% increase in sales, with the latest product line accounting for $300 million in revenue[160]. - The company plans to expand its market presence and enhance its product offerings, although specific new products and technologies were not detailed in the report[144]. Audit and Internal Control - The audit report confirmed that sufficient and appropriate audit evidence was obtained to support the audit opinion[196]. - The internal control self-assessment report was disclosed on April 25, 2019, confirming no significant deficiencies in internal controls[188]. - The audit firm maintained independence and adhered to ethical standards throughout the audit process[196].