证券代码：002945 证券简称：华林证券 华林证券股份有限公司投资者关系活动记录表 编号：2023-001 | --- | --- | --- | --- | --- | |--------------------------|----------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The total registered capital of ChinaLin Securities Co. was RMB 2,700,000,000 as of December 31, 2022[5]. - The net capital of the company reached RMB 4,139,150,523.11 as of December 31, 2022[5]. - The company reported a net profit attributable to shareholders of RMB 464,671,259.42 for the year 2022, with a basic earnings per share of RMB 0.17[171]. - The total distributable profit for 2022, after deducting statutory reserves, was RMB 364,801,903.61, with a cash dividend distribution of RMB 140,400,000.00, representing 30.21% of the net profit[171]. - The company plans to distribute cash dividends at a minimum of 30% of the distributable profit each year, with higher percentages based on the company's development stage and capital expenditure needs[163]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[128]. - User data showed a 20% increase in active accounts, reaching 5 million users by the end of the year[128]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[128]. - The total revenue for 2022 was CNY 1,397,680,838.67, a slight increase of 0.17% compared to CNY 1,395,355,967.10 in 2021[31]. - The company's total assets at the end of 2022 were CNY 20,742,779,365.45, reflecting a 0.48% increase from CNY 20,644,120,722.96 at the end of 2021[32]. Business Operations and Strategy - The company operates in a highly cyclical securities industry, with performance significantly influenced by market trends and macroeconomic factors[1]. - The company has expanded its business scope to include private equity and wealth management services[12]. - The company is committed to risk management and compliance, ensuring a robust governance structure in line with regulatory requirements[17]. - The company plans to enhance its digital technology investments and develop a financial technology ecosystem to improve wealth management services[95]. - The company aims to build a comprehensive service system centered on wealth management, integrating investment banking and asset management[95]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[128]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs through process optimization[128]. - The company has established a dual credit risk management mechanism to identify and assess credit risks, focusing on credit ratings and contract management[104]. Risk Management - The company faces various risks including market risk, credit risk, operational risk, liquidity risk, and reputational risk[1]. - The management emphasizes the importance of monitoring investment risks due to the cyclical nature of the securities market[1]. - The company has implemented a comprehensive liquidity risk management and reporting mechanism for real-time monitoring of asset allocation and fund utilization[105]. - The company has established a comprehensive risk management system covering market, operational, credit, liquidity, and reputational risks[184]. - The company has implemented various control measures for market, credit, operational, and liquidity risks, including investment scale control and customer credit assessments[187]. Corporate Governance - The company’s financial report has been confirmed by the board and management as accurate and complete[1]. - The governance structure of the company is compliant with relevant laws and regulations, ensuring effective operation of the board and committees[112]. - The company operates independently from its controlling shareholders, maintaining a complete business system and independent operational capabilities[113]. - The company has established a dedicated financial accounting department to maintain financial independence[116]. - The company has a structured governance framework with a board of directors, supervisory board, and general meeting of shareholders[117]. - The company has established a comprehensive internal control system to ensure compliance with laws and regulations, asset security, and the integrity of financial reporting[173]. Market Expansion - The company continues to expand its network of securities business departments to enhance market reach[24]. - The strategic distribution of branches aims to improve customer accessibility and service delivery[24]. - The company is focused on increasing its footprint in key urban areas to capture more market share[24]. - The company plans to explore a "finance + rural revitalization" model, providing digital solutions for rural governance and financial services[100]. Technology and Innovation - The company has developed eight major technology business tribes, including wealth management and fixed income, to drive digital transformation and innovation[17]. - The company is focused on enhancing its technological capabilities to better serve its clients and improve service delivery[17]. - The company is developing an AI-based investment analysis tool, expected to launch in 2023[130]. - The company’s technology investment reached 460 million yuan in 2022, an increase of 32.64% year-on-year[45]. Employee Management - The total pre-tax remuneration for directors, supervisors, and senior management in 2022 amounted to CNY 1,918.43 million[133]. - The company has established a multi-level welfare system for employees, focusing on performance-based compensation and career advancement[152]. - The company implemented a new online learning system in 2022 to enhance employee training and engagement[153]. - The average number of employees during the reporting period was 1,257[151]. Future Outlook - The company anticipates an overall recovery in the Chinese economy in 2023, with expected growth in A-share revenue and profit rates[94]. - The company plans to enhance its risk management framework to address market, credit, liquidity, operational, compliance, and reputational risks[102]. - The company aims to strengthen its self-operated investment capabilities in FICC and bonds, optimizing its app to enhance online trading capabilities and profitability[96].

Financial Performance - The company reported a total registered capital of RMB 2,700,000,000 as of December 31, 2022[12]. - The net capital of the company reached RMB 4,139,150,523.11 by the end of 2022[12]. - Total operating revenue for 2022 was CNY 1,397,680,838.67, a slight increase of 0.17% compared to CNY 1,395,355,967.10 in 2021[41]. - Net profit attributable to shareholders decreased by 3.94% to CNY 464,671,259.42 in 2022 from CNY 483,726,211.70 in 2021[41]. - The net profit after deducting non-recurring gains and losses was CNY 430,841,364.59, down 2.46% from CNY 441,694,563.58 in the previous year[41]. - The company's total assets at the end of 2022 were CNY 20,742,779,365.45, reflecting a 0.48% increase from CNY 20,644,120,722.96 at the end of 2021[41]. - The total liabilities decreased slightly by 0.04% to CNY 14,375,020,304.52 from CNY 14,380,397,501.79 in 2021[41]. - Basic earnings per share for 2022 were CNY 0.17, a decrease of 5.56% compared to CNY 0.18 in 2021[41]. - The weighted average return on equity was 7.39%, down 0.54 percentage points from 7.93% in 2021[41]. - The company reported a significant decrease in other comprehensive income, with a net amount of negative CNY 214,800,818.18 in 2022 compared to a positive CNY 5,190,914.94 in 2021, marking a decline of 4,238.01%[41]. Risk Management - The company faces various risks including market risk, credit risk, operational risk, liquidity risk, and reputational risk[3]. - The company is committed to risk prevention and compliance through its functional control line, which includes eight departments dedicated to various support functions[29]. - The company has established a comprehensive risk management system to effectively prevent liquidity risks through various measures[113]. - The company will enhance its risk management framework to address market, credit, liquidity, operational, compliance, and reputational risks[149]. - The company has established a dual credit risk management mechanism to identify and assess credit risks, focusing on credit ratings and contract management[151]. - The liquidity risk management measures include the establishment of an investment decision committee to ensure sufficient liquidity for operations and timely identification of liquidity risks[152]. Corporate Governance - All directors attended the board meeting to review the annual report, ensuring accountability for the report's accuracy[2]. - The company has a structured governance framework, including a board of directors and supervisory board, ensuring operational independence from shareholders[165]. - The governance structure includes a clear delineation of responsibilities among the shareholders' meeting, board of directors, and supervisory board, ensuring effective operation[160]. - The company maintains independence in operations, assets, personnel, and finances, adhering to legal regulations and its articles of association[161]. - The company has established an independent financial accounting system and operates separate bank accounts, with no mixed taxation situations with shareholders[164]. - The company has a dedicated human resources management department, ensuring that senior management does not hold positions in related enterprises outside of their roles in the company[163]. - The company held its annual shareholder meeting on April 22, 2022, with a participation rate of 90.20%, approving multiple key reports and proposals[167]. - The first extraordinary shareholder meeting of 2022 took place on May 16, 2022, with a participation rate of 90.12%, addressing several governance and management proposals[167]. Strategic Development - The company aims to enhance its market presence and operational capabilities through strategic expansion and technological innovation[29]. - The company plans to focus on market expansion and new product development strategies in the upcoming fiscal year[97]. - The strategic focus for 2023 includes building a comprehensive service system centered on wealth management, integrating investment banking, proprietary trading, and asset management[137]. - The company will focus on wealth management, enhancing fintech collaboration with leading internet companies, and investing in the Dolphin Wealth App to build an intelligent advisory system and a comprehensive marketing system[138]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 300 million RMB for potential deals[7]. - Future strategies include diversifying product lines to mitigate market risks and enhance revenue streams[10]. Technology and Innovation - The company is investing in new technology development, allocating 100 million RMB towards R&D initiatives[5]. - The company aims to transform into a technology-driven financial firm, focusing on digital transformation across all business areas[55]. - The company acquired Beijing Wenxing Online Technology Co., Ltd. and the Dolphin Stock App, establishing a technology-focused subsidiary to build a future-oriented fintech ecosystem[62]. - The Dolphin Wealth App was upgraded from the Dolphin Stock App, with 10 versions released in 2022, focusing on long-term product refinement and customer experience optimization[62]. - The company is focused on enhancing its user data analytics capabilities to improve service offerings and customer engagement[35]. Market Expansion - The company is expanding its market presence through the establishment of multiple branches in key cities such as Beijing, Shenzhen, and Guangzhou[35]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[6]. - The company plans to establish a subsidiary specializing in information technology as part of its strategic expansion[197]. - The company approved the establishment of a Hong Kong subsidiary to enhance its market presence[198]. Financial Investments - The company invested ¥4.60 billion in information technology during the reporting period, representing a year-on-year increase of 32.64%[61]. - The company reported a significant increase in investment income, rising by 288.09% from 45,974,579.29 to 178,423,950.31, attributed to a focus on fixed-income investments[109]. - The company’s alternative investment subsidiary, Huayin Innovation, had an investment scale of CNY 1.257 billion, holding stakes in 12 companies and 1 industry fund[79]. - The company’s private equity subsidiary, Huayin Capital, managed a total of 4 funds with an investment scale of CNY 224 million[80]. Human Resources and Management - The total remuneration for the chairman, Lin Li, is 614,400 CNY, while the CEO, Zhao Weixing, received 7,213,200 CNY[195]. - The company has a performance-based salary system for senior management, with the performance salary being determined based on various assessment criteria[193]. - The company has implemented a deferred payment system for performance salaries, which will be issued after the completion of the assessment work[193]. - The company reported a significant turnover in senior management, with multiple executives resigning for personal reasons, including the Chief Risk Officer and Compliance Director on June 7 and June 8, 2022, respectively[171]. - The company appointed new executives, including Guan Xiaobin as Chief Risk Officer and Peng Xiaojia as Compliance Director on June 8, 2022[172].

证券代码：002945 证券简称：华林证券 公告编号：2023-006 （问题征集专题页面二维码） 关于举行 2022 年年度报告网上业绩说明会的公告 特此公告。 本公司及公司全体董事会成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 华林证券股份有限公司（以下简称公司）2022 年年度报告拟于 2023 年 3 月 31 日披露，为便于投资者进一步了解公司 2022 年度经 营情况，公司拟定于 2023 年 3 月 31 日（星期五）11:30-12:30 在全景 网举办 2022 年年度报告网上业绩说明会。本次说明会将采用网络远 程的方式举行，投资者可登录"全景•路演天下"（https://ir.p5w.net/） 参与。 公司出席本次说明会的人员有：公司首席执行官赵卫星先生、独 立董事贺强先生、财务总监关晓斌先生、董事会秘书谢颖明女士。 投资者可于 2023 年 3 月 31 日（星期五）9:00 前将关心的问题通 过电子邮件的形式发送至公司投资者关系邮箱：IR@chinalin.com，或 者通过扫描以下二维码提交相关问题。 欢迎广大投资者积极参与。 投资者问题征集二维码 ...

Financial Performance - In the first half of 2022, Huayin Securities achieved total revenue of 676 million CNY and a net profit of 287 million CNY, with a return on equity (ROE) of 4.51%, ranking among the top in the industry [2] - The wealth management business grew steadily, with its revenue share increasing from 49% to 65%, and online wealth management revenue reaching 169 million CNY, a year-on-year increase of 36% [2] - The company's investment banking revenue decreased compared to the same period last year, primarily due to project cycle impacts, with 4 IPO projects approved and a 100% approval rate for new three-board projects [2] Business Strategy and Development - The company plans to upgrade the Dolphin Stock App to Dolphin Wealth App to enhance user experience and meet comprehensive wealth management needs [3] - In the first half of 2022, Huayin Securities merged 11 branch offices, currently operating 36 branches, to optimize operational efficiency and enhance service quality [3] - The company invested 131 million CNY in information technology, more than doubling year-on-year, focusing on the Dolphin Stock App and IT personnel compensation [3] Market Response and Future Plans - The company aims to accelerate online wealth management layout and expand online customer acquisition to improve profitability [4] - The Dolphin Stock App's marketing strategy will focus on self-media platforms, with plans for further upgrades and new features to enhance competitiveness [4] - Huayin Securities is committed to a light capital operation strategy while continuing to leverage traditional stronghold businesses like proprietary investment and investment banking [4]

Financial Performance - Total operating revenue for the first half of 2021 reached ¥777,952,968.61, an increase of 35.45% compared to ¥574,334,506.45 in the same period last year[19]. - Net profit attributable to shareholders was ¥412,469,652.92, representing a growth of 44.93% from ¥284,606,973.31 year-on-year[19]. - Net profit after deducting non-recurring gains and losses was ¥378,173,851.26, up 47.58% from ¥256,253,778.65 in the previous year[19]. - Basic earnings per share rose to ¥0.15, reflecting a 36.36% increase from ¥0.11 in the previous year[19]. - Total revenue for the first half of 2021 reached ¥777,952,968.61, a year-on-year increase of 35.45% driven by growth in credit and brokerage services and investment banking revenue[59]. - Credit and brokerage business revenue amounted to ¥380,258,199.01, up 31.84% compared to the same period last year, attributed to increased trading volumes in the stock and fund markets[62]. - Investment banking revenue surged to ¥155,461,991.49, reflecting a 245.27% increase year-on-year due to higher underwriting income[63]. - The company reported a total operating profit of ¥456,434,574.78, reflecting a 40.72% increase compared to the previous year[71]. Cash Flow and Assets - The net cash flow from operating activities surged to ¥5,554,225,052.74, a remarkable increase of 328.99% compared to ¥1,294,717,671.90 in the same period last year[19]. - Cash and cash equivalents at the end of the reporting period amounted to ¥7,721,551,990.19, representing 23.44% of total assets, a decrease of 6.78% compared to the previous year[74]. - The net increase in cash and cash equivalents was ¥252,088,185.47, a decrease of 87.55% compared to the previous year, influenced by changes in cash flow from operating, investing, and financing activities[59]. - Total assets at the end of the reporting period amounted to ¥32,937,476,292.86, a 32.83% increase from ¥24,795,999,911.52 at the end of the previous year[19]. - Total liabilities increased by 42.49% to ¥26,754,087,765.66 from ¥18,775,510,947.10 year-on-year[19]. Customer and Market Growth - The number of customers exceeded 2.01 million, growing by 14.15% from the end of last year, with online customers accounting for 83.24% of new clients[31]. - The company achieved a significant increase in revenue from the Tibet region, with a year-on-year growth of 120.71%[69]. - The company’s financing balance increased from 3.21 billion yuan at the end of last year to 3.75 billion yuan, representing a growth rate of 17%[33]. Risk Management - The company faces various risks including market risk, credit risk, liquidity risk, operational risk, compliance risk, and reputational risk due to the cyclical nature of the securities industry[5]. - The company has maintained a robust risk control system, ensuring no major credit or operational risks have occurred in recent years[49]. - The company emphasizes operational risk management through strict authority management and risk self-assessment methods[96]. - A compliance culture is promoted within the company to prevent legal and regulatory violations, with strict reviews of important procedures and new products[97]. Corporate Governance and Shareholder Relations - The company plans not to distribute cash dividends or issue bonus shares[6]. - The controlling shareholder, Shenzhen Liyue Group, holds 64.46% of the company's shares and has over 20 years of investment experience, providing substantial support to the company[48]. - The company has committed to maintaining transparency and accountability in its operations and shareholder communications[130]. - The company will notify the market three trading days in advance before any planned share reductions post-lock-up[130]. Investment Banking and Financial Services - The investment banking team comprised 67 members, completing 3 IPO projects and generating operating income of RMB 155 million, a year-on-year increase of 245.27%[36]. - The company completed 3 IPO projects with a total underwriting amount of RMB 1.934 billion, representing a year-on-year growth of 117.05%[37]. - The investment banking division has provided financing services to over 200 clients, raising more than 2,000 billion yuan, establishing a strong brand presence in the industry[51]. Social Responsibility and Community Engagement - The company donated 800,000 yuan to the Tibet Hualin Charity Foundation to support public welfare activities in the region[117]. - The company contributed 200,000 yuan to improve the electrical environment in rural areas of Tibet[118]. - The company organized over 1,300 investor education activities, reaching more than 1.9 million participants[114]. Future Outlook and Strategic Initiatives - The company aims to enhance its technology capabilities by integrating big data, artificial intelligence, blockchain, and cloud computing into its operations[57]. - The company plans to expand its services to support rural revitalization, leveraging financial technology to connect agricultural services with financial solutions[56]. - The company is focusing on the Z generation's wealth management needs by developing a new generation of securities apps that offer interactive features[56].

Financial Performance - Total operating revenue for the first half of 2020 was CNY 574,334,506.45, representing a 26.71% increase compared to CNY 453,266,899.55 in the same period last year[12]. - Net profit attributable to shareholders was CNY 284,606,973.31, a 55.74% increase from CNY 182,744,875.10 year-on-year[12]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 256,253,778.65, up 43.12% from CNY 179,044,258.34 in the previous year[12]. - Basic earnings per share rose to CNY 0.11, a 57.14% increase from CNY 0.07 in the previous year[12]. - Total revenue for the first half of 2020 was CNY 560.94 million, an increase of 24.28% compared to the same period last year[13]. - Net profit for the first half of 2020 reached CNY 273.85 million, representing a growth of 48.92% year-on-year[13]. - Basic and diluted earnings per share increased by 42.86% to CNY 0.10 per share[13]. - The total operating profit for the reporting period reached CNY 324,356,063.29, representing a 59.70% increase compared to CNY 203,102,685.48 in the same period last year[46]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 31,489,832,426.36, a 90.74% increase from CNY 16,509,632,681.04 at the end of the previous year[12]. - Total liabilities increased to CNY 25,871,711,781.53, reflecting a 131.59% rise from CNY 11,171,270,964.54 year-on-year[12]. - Net assets attributable to shareholders were CNY 5,618,120,644.83, a 5.24% increase from CNY 5,338,361,716.50 at the end of the previous year[12]. - Total assets at the end of the reporting period amounted to CNY 31.36 billion, a 73.40% increase from the previous year[13]. - Total liabilities rose to CNY 25.82 billion, marking a significant increase of 101.49% compared to the end of the previous year[13]. - The company's cash and cash equivalents amounted to CNY 7,986,080,588.40, accounting for 25.36% of total assets, down from 35.28% in the previous year[47]. Cash Flow - Net cash flow from operating activities was CNY 1,294,717,671.90, an increase of 16.07% compared to CNY 1,115,421,867.31 in the same period last year[12]. - Cash flow from operating activities decreased by 44.43% to CNY 678.70 million[13]. - The net cash flow from operating activities for the first half of 2020 was CNY 1,294,717,671.90, compared to CNY 1,221,422,599.72 in the same period of 2019, showing an increase of approximately 6%[126]. - The total cash inflow from operating activities reached CNY 15,815,815,435.29, significantly up from CNY 4,731,694,311.59 in the previous year, representing a growth of over 235%[128]. Investment and Business Operations - The investment income for the period was CNY 178.86 million, indicating the company's active engagement in securities investment[16]. - The self-operated business revenue reached 128,725,832.94 CNY, up 65.54% year-on-year, primarily due to the expansion of bill investments[30]. - The asset management business revenue decreased by 51.51% to 25,980,281.43 CNY, attributed to a decline in asset management scale[31]. - The investment banking business has been transformed to include comprehensive services such as financial advisory, IPOs, and mergers and acquisitions, enhancing its market competitiveness[23]. - The company has established 18 branches and 133 securities business departments, enhancing its market presence in major cities[34]. Risk Management - The company has maintained a robust risk management framework, with net capital and risk control indicators consistently exceeding regulatory standards[24]. - The company has established a comprehensive risk management system to address market, credit, liquidity, operational, compliance, and reputational risks[68]. - The company has implemented a comprehensive operational risk management system, focusing on identifying risks through self-assessment and key risk indicators[72]. - The company utilizes financial derivatives such as index futures and interest rate swaps to hedge against market risks[69]. Regulatory Compliance and Governance - The company has completed rectifications related to regulatory measures imposed by the China Securities Regulatory Commission, allowing it to resume all business activities as of June 30, 2020[89]. - The company has faced administrative regulatory measures due to internal control deficiencies, including a lack of clear responsibilities among internal control departments[88]. - The company has not issued any non-standard audit reports for the current reporting period[84]. - The company has not disclosed any major litigation or arbitration matters that could significantly impact its financial position[84]. Social Responsibility and Community Engagement - The company established a special fund of ¥10 million for donations and procurement of medical supplies in response to the COVID-19 pandemic[96]. - The company donated ¥5 million to the Tibet Charity Association to support COVID-19 prevention and control efforts in Tibet[96]. - The company signed a continuous assistance agreement for poverty alleviation with the Serin District of Naqu City, Tibet, in June 2020[96]. - The company invested ¥600,000 in healthcare resources for impoverished areas as part of its poverty alleviation initiatives[98]. Shareholder and Equity Information - The total number of shares before the change was 2,700,000,000, with 90.00% being restricted shares[100]. - The number of restricted shares decreased by 484,789,089, resulting in 1,945,210,911 restricted shares after the change, which is 72.04% of the total[100]. - The total number of shareholders at the end of the reporting period was 74,726[103]. - Major shareholders have pledged to limit their share reduction to no more than 25% of their total holdings within two years after the lock-up period expires, with a minimum selling price not lower than the issue price[78]. Accounting and Financial Reporting - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the financial status as of June 30, 2020[147]. - The company recognizes financial instruments upon entering into a contract, with specific criteria for derecognition of financial assets[154]. - The company applies the expected credit loss model for impairment of financial assets measured at amortized cost and debt instruments measured at fair value through other comprehensive income[157]. - The company assesses the carrying value of deferred tax assets at each balance sheet date, adjusting if it is unlikely to obtain sufficient taxable profits to utilize the deferred tax assets[188].

Financial Performance - Total revenue for 2018 was ¥1,000,843,794.61, a decrease of 6.22% compared to ¥1,067,185,983.74 in 2017[34]. - Net profit attributable to shareholders was ¥344,672,483.70, down 25.58% from ¥463,150,384.86 in the previous year[34]. - Net profit after deducting non-recurring gains and losses was ¥317,252,741.66, a decline of 25.41% compared to ¥425,354,901.13 in 2017[34]. - Basic earnings per share decreased by 26.32% to ¥0.14 from ¥0.19 in 2017[34]. - Total assets at the end of 2018 were ¥11,870,748,335.54, an 18.19% decrease from ¥14,510,849,143.23 in 2017[34]. - Net cash flow from operating activities improved to ¥63,492,802.19 from a negative cash flow of ¥973,403,724.28 in 2017[34]. - The weighted average return on equity was 8.84%, down from 12.91% in the previous year[34]. - The company achieved operating revenue of 1,000.84 million yuan in 2018, a decrease of 6.22% compared to the previous year[65]. - The net profit attributable to shareholders was 344.67 million yuan, down 25.58% year-on-year[65]. - The company’s total operating profit for 2018 was CNY 360,615,765.17, down 24.84% from CNY 479,796,942.95 in 2017[92]. Capital Structure - The company reported a total registered capital of RMB 2,430,000,000 as of December 31, 2018[12]. - The net capital of the company reached RMB 3,651,982,456.98 by the end of 2018[12]. - The company has a total of 2,700,000,000 shares outstanding as of the report date[5]. - The registered capital of the company increased from RMB 126 million to RMB 208 million in August 2015[22]. - The company was transformed into a joint-stock company in March 2016, with a registered capital of RMB 243 million[22]. - The company proposed a cash dividend of 0.39 yuan per 10 shares, totaling 105,300,000.00 yuan, which represents 30.55% of the net profit attributable to shareholders for 2018, amounting to 344,672,483.70 yuan[148]. Business Operations - The company operates under strict market access regulations and has obtained all necessary licenses for its business activities[17]. - The company has not reported any changes in its main business operations since its listing[16]. - The company engaged in various business activities including brokerage, investment banking, credit, asset management, and proprietary trading[46]. - The company has established a presence in key markets with branches in Beijing, Shanghai, and Jiangsu[24]. - The company has been actively expanding its business scope, including internet securities and private fund custody services[19]. Risk Management - The company acknowledges significant risks associated with market fluctuations, credit risks, operational risks, and liquidity risks due to the cyclical nature of the securities industry[4]. - The company emphasizes compliance and risk management, aiming to become a nationally recognized comprehensive securities firm with distinctive features[53]. - The company has developed a comprehensive risk management system covering market, operational, credit, and liquidity risks[121]. - Risk control indicators such as net capital and liquidity coverage ratio are continuously monitored and reported to regulatory authorities, ensuring compliance with regulatory requirements[116]. Market Expansion and Strategy - The company plans to enhance its market expansion strategy by increasing the number of branches in key cities across China[28]. - The company is focusing on developing new financial products to meet the evolving needs of its clients[28]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[28]. - The company aims to enhance its presence in Tibet, leveraging capital market tools to support local economic development and provide financial services to small and medium-sized enterprises[54]. Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the financial report[4]. - The company’s independent directors have fulfilled their responsibilities and played a necessary role in the decision-making process regarding the cash dividend policy[141]. - The company has completed the required compliance rectification work as mandated by the regulatory authorities, including submitting special compliance inspection reports[152]. Social Responsibility - A total of over RMB 5 million was spent on poverty alleviation efforts in 2018, supporting 15 various public welfare projects[160]. - The company has actively engaged in the "One Company, One County" poverty alleviation initiative, establishing partnerships with three national-level poverty-stricken counties in 2018[160]. - The company has contributed a total of RMB 503.83 million (approximately USD 75 million) towards poverty alleviation efforts[172]. - The company has supported ecological poverty alleviation projects, including one project related to green energy construction[160]. Leadership and Shareholding - The controlling shareholder, Lin Li, has been the chairman of the company since March 2016 and is also the chairman of Shenzhen Liyue Group[186]. - The company has maintained a stable leadership team with no recent changes in management positions[192]. - The total number of shareholders at the end of the reporting period was 3, with the largest shareholder, Shenzhen Liyue Group Co., Ltd., holding 71.62% of shares, equating to 1,740,397,076 shares[182].