SWHY(000166)2025-03-28 13:25Financial Performance - In 2024, the company achieved a total revenue of RMB 24.735 billion, representing a year-on-year growth of 15.04%[5] - The net profit for the year was RMB 6.251 billion, an increase of 14.16% compared to the previous year[5] - The total assets and net assets at year-end reached RMB 697.597 billion and RMB 133.349 billion, respectively, with year-on-year growth of 9.78% and 3.54%[5] - The return on equity (ROE) for the year was 5.08%, an increase of 0.36 percentage points year-on-year[5] - The company's operating revenue for 2024 reached RMB 24,735,044,127.97, representing a 15.04% increase compared to RMB 21,500,668,661.21 in 2023[53] - Net profit for 2024 was RMB 6,250,514,391.62, up 14.16% from RMB 5,475,202,954.22 in the previous year[53] - The net profit attributable to shareholders of the listed company was RMB 5,210,661,908.61, reflecting a 13.12% increase from RMB 4,606,340,168.13 in 2023[53] - The company's basic earnings per share for 2024 was RMB 0.21, a 16.67% increase from RMB 0.18 in 2023[53] - The weighted average return on net assets increased to 5.08%, up from 4.72% in the previous year[53] - The company's total liabilities rose by 11.37% year-over-year to RMB 564.25 billion[55] Dividend and Capital Management - The company implemented its first interim dividend in 2024, proposing 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 0.63 per 10 shares, totaling RMB 1,577,516,507.28, which represents 30.27% of the net profit attributable to shareholders[21] - The total registered capital of the company reached RMB 25,039,944,560 following the issuance of H shares in April 2019[49] - The company completed a significant capital increase in 2005, raising its registered capital to RMB 6,715,760,000[44] Business Strategy and Development - The company aims to enhance its service capabilities to support the real economy's digitalization and green transformation[6] - The company plans to continue optimizing its comprehensive financial services to better meet the needs of the economy and society[12] - The company aims to transform its traditional brokerage business into wealth management, focusing on client and asset growth[13] - The company is committed to enhancing its core capabilities in investment banking, including sponsorship and pricing, to increase asset allocation in high-quality investments[13] - The company is focused on expanding its market presence and enhancing collaboration within the investment system to increase business synergy[14] - The company has set a goal to optimize strategic implementation and improve overall corporate competitiveness[13] - The company will maintain a commitment to social responsibility and enhance its ESG management practices[15] Technology and Innovation - The company launched the "Shencai Youdao" wealth management app to enhance customer service experience and strengthen financial technology investments[8] - The company is accelerating its digital transformation by leveraging AI technology to improve operational efficiency and establish a standardized, intelligent system[14] - The company’s self-developed wealth management platform, "Shen Cai You Dao APP," integrates various financial services and utilizes AI and big data to improve customer experience[159] Awards and Recognition - The company received 17 provincial-level financial technology awards and the second prize for the "2023 Financial Technology Development Award" from the People's Bank of China[9] - The company received multiple awards, including the "Best Practice Case for Investor Relations Management" from the China Listed Companies Association for 2024[80] - The company was recognized as the "Most Popular Financial Education Work" for 2024 by the National Financial Supervision Administration and other regulatory bodies[80] - The company was awarded the "Best Bond Underwriter" in the 2024 Best Investment Bank Awards by WIND[86] - The company ranked 4th in the "Best ESG Practicing Investment Bank" category in the 17th New Fortune Best Investment Bank Awards[92] Market and Industry Trends - The Chinese securities industry is entering a new phase of high-quality development, supported by continuous improvements in the capital market's foundational systems and a focus on risk prevention and economic service[67] - A new wave of mergers and acquisitions is accelerating in the securities industry, with policies encouraging leading firms to enhance core competitiveness through consolidation[69] - The regulatory framework is evolving with the "1+N" policy system, focusing on strong regulation, risk prevention, and high-quality development, which is creating significant opportunities for the securities industry[72] Risk Management - The company will continue to strengthen risk management and internal control systems to ensure stable operations and promote development[15] - The company has established a comprehensive risk management system to effectively control operational risks and ensure healthy business development[118] - The company is committed to preventing financial risks while pursuing high-quality development in its repurchase business and credit product offerings in 2025[179] Client and Market Engagement - The company has established a comprehensive financial service matrix for listed companies, serving over 100 companies in share buybacks and over 60 companies in employee incentives, benefiting more than 16,000 individuals[189] - The company has recommended a total of 861 listed companies, ranking first in the industry[140] - The company has completed 678 bond underwriting projects during the reporting period, with a total underwriting scale of RMB 2,811.89 million, representing a year-on-year growth of 7%[143] Future Plans - The company aims to enhance its wealth management capabilities by building a product matrix that includes public funds, ETFs, and customized private placements by 2025[160] - The company plans to leverage its full-license advantage to deepen product, business, research, and service upgrades in 2025, aiming for a more professional and systematic collaborative service system[191] - The company aims to enhance its decision-making influence and industry impact by reinforcing its research system in 2025, aligning with national strategies and industry development[194]