SCS(601555)2025-04-25 09:30Financial Performance - In 2024, the company achieved an operating income of RMB 11.534 billion, representing a year-on-year increase of 2.24%[9] - The net profit attributable to shareholders of the listed company reached RMB 2.366 billion, with a year-on-year growth of 18.19%[9] - The company's operating revenue for 2024 was CNY 11,533,544,689.92, representing a 2.24% increase compared to CNY 11,280,990,458.17 in 2023[39] - The net profit attributable to shareholders for 2024 was CNY 2,366,184,204.76, an 18.19% increase from CNY 2,002,031,162.53 in 2023[39] - The total assets at the end of 2024 reached CNY 177,804,609,327.34, a 12.90% increase from CNY 157,495,307,814.69 in 2023[39] - The total liabilities at the end of 2024 were CNY 135,545,648,616.02, reflecting a 15.65% increase from CNY 117,203,209,371.23 in 2023[39] - The basic earnings per share for 2024 was CNY 0.48, a 20.00% increase from CNY 0.40 in 2023[40] - The weighted average return on equity for 2024 was 5.81%, an increase of 0.65 percentage points from 5.16% in 2023[40] Dividends and Shareholder Returns - The proposed cash dividend for 2024 is RMB 2.37 per 10 shares, totaling RMB 1.1775826 billion, which accounts for 65.52% of the net profit attributable to shareholders[4] Asset Management and Investment - The asset management scale has seen rapid growth due to the transformation in wealth management services[12] - The company has a comprehensive range of business qualifications including securities brokerage, investment consulting, and asset management services[22] - The company launched 77 new asset management products in 2024, with a new issuance scale of CNY 19.814 billion, and the entrusted management scale reached CNY 59.527 billion, reflecting a 10.57% increase in actively managed scale[101] - The net income from asset management fees grew by 67.49%, indicating a significant improvement in the quality of asset management business[101] - The total scale of public funds managed by Dongwu Fund increased to CNY 39.857 billion, a year-on-year growth of 55.81%, with bond fund scale up by 105.27% to CNY 16.623 billion[103] Market Position and Strategy - The company has maintained a leading position in the Jiangsu market for corporate bond underwriting, ranking among the top eight in the industry[10] - The company plans to continue focusing on digital transformation and AI technology applications in financial services[12] - The company aims to enhance its role in supporting state-owned enterprise mergers and acquisitions, contributing to the improvement of state asset securitization levels[10] - The company has established a strategic focus on technology finance, green finance, and digital finance as part of its growth strategy[22] Risk Management - The company emphasizes the importance of comprehensive risk management to navigate market fluctuations effectively[9] - The company has established a comprehensive risk management framework, including a risk control committee and a chief risk officer to oversee risk management activities[157] - The risk management system incorporates technology to achieve systematic management of business and risk information, covering various risk types and business lines[161] - Regular evaluations and analyses of internal controls and risk exposure are conducted to ensure timely and accurate risk reporting[162] Corporate Governance - The company has established a governance structure that ensures clear responsibilities and effective operation among its decision-making and supervisory bodies[181] - The company maintains complete operational independence from its controlling shareholders in terms of assets, personnel, and finances[182] - The company is committed to continuous improvement in corporate governance in accordance with relevant laws and regulations[181] - The company has a diverse executive team with extensive experience in finance and management, including roles in various financial institutions[188] Future Outlook and Growth Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1] - The company is actively involved in various financial services including investment banking, asset management, and wealth management[30] - The company is committed to serving the real economy and enhancing wealth management services as part of its strategic objectives[149] - The company plans to enhance its active management capabilities and expand into multi-asset and multi-investment strategies in 2025, aiming to improve product performance and create sustainable value for investors[104] Operational Efficiency - Operating expenses decreased to CNY 8.48 billion, down 2.17% compared to the previous year[119] - The net cash flow from operating activities was CNY 30.87 billion, a significant recovery from a negative CNY 9.60 billion in the previous year[119] - The company has implemented a risk control indicator system, including risk appetite, risk tolerance, and risk limits, to strengthen risk management execution[158] Technology and Innovation - The company launched the first fully memory-based trading system A5 in the domestic securities industry, achieving full autonomy in its infrastructure[113] - The company is investing in new technology development, allocating $50 million for R&D initiatives[189] - The company is actively pursuing digital transformation and enhancing its self-research capabilities in technology[176]