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远东宏信(03360) - 2021 - 年度财报

2022-04-27 09:53
Financial Performance - The company reported a strong performance in 2021, achieving significant financial results despite a challenging external environment [15]. - The total revenue for the year reached approximately 10 billion RMB, reflecting a year-on-year growth of 15% [12]. - The net profit attributable to ordinary shareholders for the year was approximately RMB 5.512 billion, representing a year-on-year growth of about 20.47% [19]. - The total operating revenue for the year was approximately RMB 33.644 billion, reflecting a year-on-year growth of about 15.85% [19]. - Profit attributable to ordinary shareholders for 2021 was RMB 5,512,245 thousand, up from RMB 4,575,751 thousand in 2020, reflecting a year-over-year increase of about 20.5% [23]. - The average return on equity reached 14.57%, further improving from the previous year [19]. - The average return on assets for 2021 was 1.96%, an improvement from 1.80% in 2020 [22]. - The pre-tax profit reached RMB 10,013,298 thousand, an increase of 33.38% from RMB 7,507,546 thousand in the previous year [39]. - The group's gross profit for 2021 was RMB 17,212,504 thousand, a 15.01% increase from RMB 14,965,635 thousand in 2020 [63]. Revenue Segments - The revenue from the industrial operation segment reached RMB 11.435 billion, an increase of 29.78% year-on-year, accounting for 33.85% of total operating revenue [19]. - The financial and consulting segment generated revenue of RMB 22,347,264 thousand, accounting for 66.15% of total revenue, with a year-on-year increase of 9.77% [41]. - The revenue from equipment operations within the industrial operations segment surged by 67.63% to RMB 6.141 billion [53]. - The hospital operations revenue increased by 16.13% to RMB 4.003 billion, maintaining a significant share of the industrial operations segment [53]. - Operating lease income increased by 79.64% to RMB 4,463.35 million in 2021, compared to RMB 2,484.55 million in 2020 [189]. Asset Management - As of the end of 2021, the total interest-earning assets of the group reached RMB 258.379 billion, an increase of approximately 9.76% compared to the beginning of the year [18]. - The average balance of interest-earning assets rose by 13.99% to RMB 251.707 billion, indicating effective asset management [47]. - The total assets of the group reached RMB 335.880 billion, an increase of approximately 11.99% compared to the same period last year [19]. - The proportion of interest-earning assets in total assets was 74.95% as of December 31, 2021 [84]. - The total amount of interest-earning assets overdue for more than 30 days was RMB 2,420,952 thousand, with the healthcare sector accounting for 16.43% of this total [119]. Strategic Initiatives - The company plans to invest 1 billion RMB in new product development and technology innovation over the next three years [15]. - A focus on mergers and acquisitions is anticipated, aiming to strengthen the company's market position and diversify its service portfolio [15]. - The company emphasizes a "Finance + Industry" strategy to align with national development goals and enhance service capabilities [15]. - The company is expanding its service functions in inclusive finance, PPP investment, asset management, overseas business, and PE investment, broadening its operational boundaries [35]. - The company aims to enhance risk management by optimizing asset allocation and focusing on industries related to urban and industrial upgrades [165]. Risk Management - The non-performing asset ratio stood at 1.06%, with a provision coverage ratio exceeding 240% [18]. - The company has enhanced its risk information management through technological upgrades, improving the efficiency of risk asset disposal [99]. - The company has adopted a prudent asset classification policy, maintaining strict monitoring of "attention" assets to minimize migration to non-performing status [102]. - The company is focusing on industry-specific asset management systems to optimize asset structure and reduce risk impacts [100]. - The overdue rate for interest-earning assets over 30 days as of December 31, 2021, was 0.94%, a decrease of 0.05 percentage points from 0.99% at the end of 2020 [118]. Future Outlook - Future outlook remains positive, with a projected revenue growth of 12% for 2022, driven by strategic market expansions and new service offerings [15]. - The company anticipates a significant recovery in consumer spending as the domestic demand strategy is implemented in 2022 [107]. - The company aims to maintain a strong credit rating and robust capital ratios to support its business and maximize shareholder value [155]. - The company is committed to developing new customer bases and expanding its service depth across various customer segments, including state-owned and private enterprises [166]. Corporate Governance - The group is committed to enhancing corporate governance standards, which are crucial for sustainable development and shareholder value [199]. - The company emphasizes a healthy corporate culture as a core aspect of good governance, promoting accountability and ethical behavior among all employees [200]. - The company has established equity incentive plans to attract and retain talented management, ensuring alignment of shareholder and company interests [183].
远东宏信(03360) - 2020 - 中期财报

2020-09-15 08:30
Financial Performance - Total revenue for the six months ended June 30, 2020, was RMB 13,275,366 thousand, a decrease of 6.4% compared to RMB 14,181,427 thousand for the same period in 2019[11]. - Basic earnings per share for the six months ended June 30, 2020, was RMB 0.54, down from RMB 0.58 in 2019, representing a decline of 6.9%[11]. - The net profit attributable to ordinary shareholders for the six months was RMB 2,055,682 thousand, a decrease of 8.0% from RMB 2,233,436 thousand in the previous year[16]. - The average return on assets was 1.72%, down from 1.93% in the same period last year[16]. - The gross profit margin decreased to 51.0% in the first half of 2020, down from 56.5% in the same period last year[29]. - The company's net profit for the first half of 2020 was RMB 206.51 million, a decrease of 7.42% from RMB 223.05 million in the previous year, primarily due to the impact of COVID-19[186]. Revenue Breakdown - Financial services (interest income) contributed RMB 7,730,045 thousand, down from RMB 8,163,767 thousand, reflecting a decline of 5.3% year-over-year[16]. - The financial and consulting segment's revenue was RMB 9,699,212 thousand, accounting for 72.82% of total revenue, which represents a decline of 13.73% year-on-year[31]. - The healthcare segment generated RMB 3,320 million, accounting for 12.92% of total revenue, down 37.38% from RMB 5,302 million in 2019[113]. - The urban utilities segment saw an increase in revenue to RMB 9,898 million, representing 38.52% of total revenue, up 5.34% from RMB 9,396 million in 2019[113]. - Total revenue for the hospital operations segment reached RMB 1,534.56 million, a 15.19% increase from RMB 1,332.16 million in the same period last year[180]. Cost and Expenses - Cost of sales for the same period was RMB 6,500,950 thousand, up from RMB 6,162,222 thousand in 2019, reflecting an increase of 5.5%[11]. - The company's operating expenses decreased by 16.24% to RMB 2,361,302 thousand compared to RMB 2,819,296 thousand in the same period last year[29]. - The total cost of hospital operations increased by 20.39% to RMB 1,201.38 million from RMB 997.93 million in the prior year[180]. - The cost of the financial and consulting segment was RMB 3,980,399 thousand, down 5.03% from RMB 4,191,318 thousand in the previous year[48]. Asset and Liability Management - The asset-liability ratio was 84.21% as of June 30, 2020, slightly improved from 84.50% in 2019[13]. - The total assets as of June 30, 2020, amounted to RMB 289,317,456 thousand, an increase of 11.6% compared to RMB 259,235,096 thousand in 2019[17]. - The total liabilities increased to RMB 243,624,474 thousand, up from RMB 219,051,277 thousand, representing an increase of 11.3%[17]. - Cash and cash equivalents increased by 99.84% to RMB 7,972,789 thousand compared to RMB 3,989,571 thousand at the end of the previous year[76]. Market and Economic Environment - The overall economic environment showed signs of recovery, with GDP declining by 1.6% year-over-year, but the company remains cautious about future performance due to ongoing uncertainties[20]. - The broad money supply and social financing scale increased by 11.1% and 12.8% respectively in the first half of the year[22]. - The one-year Loan Prime Rate (LPR) was reduced by 30 basis points to 3.85% since the beginning of the year[22]. Strategic Initiatives - The company aims to enhance its integrated operational services in various sectors including healthcare, cultural tourism, and engineering construction[8]. - The company plans to enhance its market expansion strategies and invest in new technologies to adapt to the changing economic environment[20]. - The company is focused on innovation in products and services to provide tailored solutions for clients[8]. - The company is advancing new business areas such as inclusive finance, supply chain finance, and asset management, with personnel and systems being established[25]. Risk Management - The company has implemented risk management measures in response to the COVID-19 pandemic, including asset risk assessments and adjustments to new business strategies[142]. - The company has focused on enhancing its risk disposal capabilities by expanding regional disposal resources and exploring new disposal methods[92]. - The company has adopted flexible methods for client verification, including phone and video verification, to ensure reliable and safe assessments despite travel restrictions[147]. Human Resources - The workforce increased to 20,935 full-time employees by June 30, 2020, a rise of 6,164 from the previous year, primarily in healthcare and equipment operations[160]. - Approximately 44.70% of employees hold a bachelor's degree or higher, while about 17.50% possess a master's degree or above, indicating a highly educated workforce[160]. - The company has established an employee incentive plan linking compensation to overall performance and contributions, aiming to attract and retain talent[161]. Corporate Governance - The company has complied with the corporate governance code throughout the reporting period, except for the attendance of the chairman at the annual general meeting[198]. - The governance structure includes a strategic and investment committee chaired by Liu Haifeng, ensuring oversight of investment decisions[198].
远东宏信(03360) - 2019 - 年度财报

2020-04-07 08:30
遠 東 宏 信 FAR EAST HORIZON 20 19 年度 報告 imming || | 01 pen ::::: 000 000 000 於香港註冊的有限公司 股票代碼 : 3360 af 1977 r and a 分出社会在中古 上一 s a de 2019 年度報告 公司簡介 上班 : 近業信息 攻鬆就就職 理 冒訪論與分析 · · · . . . . · · · · · . • · · • · . · · • • · · · · · • · · • • • · · · 4 6 8 10 13 18 目 參 HER 遠東宏信有限公司 | --- | --- | --- | --- | --- | --- | |-------|-------|----------------------|----------|----------------|---------| | | | | | | | | | | | | | | | | 联 曾 | 『及高級管理人員嘗歷 | 事局報告 | 業 社 章 性 | 務 報告 | | | | | | | | | | | | | | | | | . | | | | | ...
远东宏信(03360) - 2019 - 中期财报

2019-09-11 08:31
Financial Performance - Total revenue for the six months ended June 30, 2019, was RMB 14,181,427, representing an increase of 11.08% year-over-year[21]. - Net profit attributable to ordinary shareholders for the same period was RMB 2,233,436, with a basic earnings per share of RMB 0.58, reflecting an increase of 11.13% year-over-year[21]. - The company reported a pre-tax profit of RMB 3,569,893 thousand, which is a 11% increase from RMB 3,215,656 thousand in the previous period[25]. - Basic and diluted earnings per share were both RMB 0.58, compared to RMB 0.52 in the previous period, reflecting an increase of 11.5%[25]. - The group reported a pre-provision profit of RMB 5,182,898 million, an increase of 5.17% year-on-year, driven by an 11.08% growth in revenue[106]. - The total revenue for the first half of 2019 was RMB 338,750 million, down 15.26% from RMB 399,740 million in the previous year[103]. Asset Quality - The non-performing asset ratio as of June 30, 2019, was 1.04%, indicating a stable asset quality[21]. - The non-performing asset ratio was reported at 1.04%, slightly up from 0.96% in the previous period, indicating a slight deterioration in asset quality[28]. - The total amount of non-performing assets as of June 30, 2019, was RMB 2,205,341 thousand, compared to RMB 2,151,747 thousand at the end of 2018[165]. - The company maintained a prudent asset management policy, with a focus on strict asset classification[148]. - The overall asset quality remains controllable and secure, with ongoing efforts to monitor and manage risks effectively[144]. Revenue Breakdown - Financial services (interest income) contributed RMB 8,163,767 thousand, up from RMB 7,761,121 thousand, indicating an increase of 5.2%[25]. - The financial and consulting segment generated revenue of RMB 11,242,545 thousand, accounting for 79.10% of total revenue, with a growth of 3.83% compared to the previous year[46]. - The industrial operations segment saw a significant revenue increase of 46.49%, reaching RMB 2,970,529 thousand, up from RMB 2,027,866 thousand in the previous year[47]. - The healthcare sector generated revenue of RMB 3,675,552 thousand, up 9.69% from RMB 3,350,747 thousand in the same period last year[54]. - The construction sector saw a revenue increase of 14.24%, reaching RMB 2,274,824 thousand compared to RMB 1,991,260 thousand in 2018[54]. Cost Management - The operating cost ratio for the period was 35.16%, showing effective cost management strategies[21]. - The total sales cost for the first half of 2019 was RMB 6,162,222 thousand, an increase of 16.75% from RMB 5,277,926 thousand in the same period last year[78]. - The financial and consulting segment's cost accounted for 68.02% of total costs, amounting to RMB 4,191,318 thousand, which is an 8.15% increase from the previous year's RMB 3,875,644 thousand[79]. - Operating costs for the group were 35.16%, a decrease from 37.21% in the same period last year, indicating improved operational efficiency[106]. Market Expansion and Strategy - The company continues to explore market expansion opportunities and potential mergers and acquisitions to drive growth[16]. - The company aims to integrate financial and industrial capital to enhance operational advantages in various sectors such as healthcare, education, and logistics[16]. - The company is focused on innovation in products and services to provide tailored industry comprehensive operation services[16]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[33]. Risk Management - The company has implemented a five-level classification system for net interest-earning assets to enhance risk management and resource allocation[141]. - The company has strengthened its asset management measures, focusing on risk prevention and enhancing customer coverage during the first half of 2019[144]. - The company has optimized its risk disposal management system, improving decision-making efficiency and reducing disposal costs[145]. - The company maintained a focus on risk management and asset-liability ratio control, leading to a slight decline in net interest-earning assets[124]. Financing Structure - The total liabilities amounted to RMB 219,051,277 thousand, a decrease of 3.45% from RMB 226,877,290 thousand at the end of the previous year[182]. - The interest-bearing bank and other financing totaled RMB 163,292,253 thousand, down 5.35% from RMB 172,514,982 thousand at the end of the previous year[186]. - The proportion of unsecured interest-bearing bank and other financing increased to 91.51% as of June 30, 2019, reflecting the company's enhanced financial capabilities[190]. - Domestic financing accounted for 83.46% of total financing as of June 30, 2019, a decrease from 85.65% at the end of 2018, indicating an expansion in overseas financing channels[195].
远东宏信(03360) - 2018 - 年度财报

2019-04-03 08:35
2018 年度報告 於香港註冊的有限公司 股票代碼 : 3360 時間豐節道路 都值得我們一路前行 y 7 11 1 the state The States of the state 企業信息 4 5 | 公司簡介 6 | 主席致辭 8 │ 行政總裁致辭 92│董事及高級管理人員簡歷 100│ 董事局報告 2018 年度報告 目錄 11 業績概覽 14 管理層討論與分析 76 企業管治報告 127 財務報告 123 企業社會責任報告 2018 年度報告 企業信息 | --- | --- | --- | |---------------------------------|-----------------------------|------------------------------| | 董事會 | 薪酬與提名委員會 | 股份過戶登記處 | | 主席及非執行董事 | 劉嘉凌先生 (主席) | 香港中央證券登記有限公司 | | 寧高寧先生 (主席) | 韓小京先生 | 香港灣仔皇后大道東 183 號 | | | 郭明鑑先生 | 合和中心 17 樓 | | 執行董事 | | 1712 至 1716 號鋪 ...