2022-03-30 16:00Financial Performance - As of the end of 2021, the total assets of the company reached RMB 452.8 billion, and the net assets attributable to shareholders increased by 18% to RMB 79.8 billion[9]. - The company achieved an operating income of RMB 29.9 billion in 2021, representing a growth of 28%, while the net profit attributable to shareholders was RMB 10.2 billion, up 8%[9]. - The company's total revenue for 2021 reached ¥29,872,018,672.13, representing a year-over-year increase of 27.93% compared to ¥23,350,881,646.49 in 2020[46]. - Net profit attributable to shareholders for 2021 was ¥10,238,703,346.84, which is a 7.67% increase from ¥9,509,428,800.25 in 2020[46]. - The total assets of the company at the end of 2021 amounted to ¥452,791,426,255.57, reflecting a 21.97% increase from ¥371,228,143,308.73 at the end of 2020[47]. - The total liabilities increased by 22.97% to ¥372,785,141,314.38 in 2021 from ¥303,156,696,359.41 in 2020[47]. - The company's basic earnings per share for 2021 was ¥1.25, up 4.17% from ¥1.20 in 2020[48]. - The weighted average return on equity for 2021 was 15.80%, down 2.38 percentage points from 18.18% in 2020[48]. Business Segments and Growth - The investment banking segment generated revenue of RMB 5.53 billion, a decrease of 5.39% year-on-year, while the wealth management segment saw a revenue increase of 17.36% to RMB 6.38 billion[61]. - The company completed 100 equity financing projects in 2021, with a total underwriting amount of RMB 139.28 billion, ranking second in the industry[62]. - The company was involved in 2,467 debt financing projects, achieving a total underwriting scale of RMB 1,529.37 billion, maintaining a top position in the industry for seven consecutive years[66]. - The company underwrote RMB 4.57 billion in corporate bonds, with 699 projects completed, marking a significant increase from the previous year[68]. - The company completed 10 major asset restructuring projects, ranking third in the industry with a transaction amount of RMB 62.7 billion[71]. Market Position and Recognition - The company ranked first in the number and amount of IPOs and equity refinancing as a lead underwriter, showcasing its strong market position[10]. - The company was recognized with multiple awards in 2021, including the "Best Bond Underwriter" and "Outstanding Management in Asset Securitization" by various financial associations[54]. - The company achieved a five-star rating in overall evaluation and insurance asset management in 2021, reflecting strong performance in the sector[55]. - The company was awarded the "Global Green Finance Award" in 2021, highlighting its commitment to sustainable finance practices[55]. - The company ranked 2nd in the Best Domestic Investment Bank category and 1st in the Best IPO Investment Bank category in the 15th China Best Investment Bank Awards[57]. Strategic Initiatives and Future Outlook - The company aims to maintain a "稳中求进" (seeking progress while ensuring stability) approach, focusing on adapting to changing market conditions while upholding core values and responsibilities[13]. - The company plans to strengthen its service capabilities for banks and listed companies, aiming to diversify its debt financing products in 2022[70]. - The company aims to enhance its international business by expanding offshore debt projects and providing comprehensive debt financing services[70]. - The company is focused on supporting strategic emerging industries and promoting high-quality development in its equity financing business for 2022[65]. - The company anticipates that the Chinese capital market will maintain a positive development trend in 2022, with a focus on social equity, data security, and support for small and micro enterprises[138]. Digital Transformation and Technology - Significant progress has been made in digital transformation, leveraging technologies such as cloud computing, big data, artificial intelligence, and blockchain to improve operational efficiency and reduce costs[12]. - The company is committed to enhancing its technological research and development, focusing on integrating AI, big data, cloud computing, and blockchain into its business operations[109]. - The company is focusing on digital transformation and data governance to improve service quality[142]. - The company has established a comprehensive online intelligent investment advisory platform with over 6,000 licensed advisors to enhance customer service[108]. Risk Management and Compliance - The company has established a comprehensive risk management and compliance system, being one of the first six pilot enterprises for consolidated supervision in the domestic securities industry[110]. - The risk management department collaborates with business units to identify major risks and establish key control measures, continuously updating the risk directory and control lists[157]. - The company has implemented a pre-risk control mechanism, setting specific risk limits and standards for major business lines, with independent evaluations for new products and projects[158]. - The company has established a comprehensive legal compliance management system to mitigate legal and compliance risks, with dedicated compliance managers in all departments[172]. Shareholder and Governance - The company held five shareholder meetings in 2021, addressing key issues such as changes to the company's registered capital and the election of independent directors[178]. - The company has revised its articles of association and shareholder meeting rules to enhance governance and operational transparency[178]. - The board of directors has approved a new compensation policy linked to performance metrics, aiming to align executive pay with company performance[199]. - The company has appointed new independent directors to strengthen governance and oversight, enhancing the board's expertise[200].