2023-03-29 16:00Financial Performance - In 2022, the company achieved an operating revenue of 35.5 billion yuan and a net profit attributable to shareholders of 11.5 billion yuan, marking a continuous 15-year receipt of the highest AA regulatory rating[26]. - The company's operating revenue for 2022 was CNY 35.47 billion, a decrease of 17.16% compared to CNY 42.82 billion in 2021[55]. - Net profit attributable to the parent company for 2022 was CNY 11.51 billion, down 23.35% from CNY 15.01 billion in 2021[55]. - The company reported a significant increase in its net profit for the year, reaching a total of 1.5 billion RMB, representing a year-on-year growth of 20%[36]. - The company reported a significant increase in revenue, achieving a total of 10 billion RMB, representing a year-over-year growth of 15%[37]. - The company achieved total revenue of 35.471 billion CNY in 2022, a year-on-year decrease of 17.16%[170]. - Net profit attributable to shareholders was 11.507 billion CNY, down 23.35% year-on-year[170]. - Wealth management revenue was 11.354 billion CNY, a decline of 17.21%, contributing 32.01% to total revenue[172]. - Investment banking revenue increased by 12.63% to 4.072 billion CNY, accounting for 11.48% of total revenue[172]. - Institutional and trading business revenue was 15.572 billion CNY, down 23.13%, contributing 43.90% to total revenue[172]. - Investment management revenue rose by 10.40% to 2.387 billion CNY, representing 6.73% of total revenue[172]. - International business revenue fell by 45.88% to 1.396 billion CNY, contributing 3.94% to total revenue[172]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 5.3 yuan per 10 shares, amounting to a total cash dividend of approximately 4.72 billion yuan, which represents 41.02% of the net profit for the year[21]. Business Strategy and Development - The company is transitioning its wealth management business to a "consultant-driven, technology-enabled" model, enhancing its service capabilities for institutional clients[26]. - The company aims to enhance its service capabilities in the real economy by developing "industrial investment banks, comprehensive investment banks, and digital investment banks"[26]. - The company has initiated the establishment of the Lingang Technology Frontier Industry Fund and the Shanghai Urban Renewal Guidance Fund, contributing to macroeconomic stability[26]. - Guotai Junan is committed to developing ESG investment and financing business, integrating ESG concepts into its business and risk management processes[32]. - The company is focusing on regional financial services, particularly in the Yangtze River Delta and Greater Bay Area, to support high-quality regional economic development[32]. - The company has integrated various financial services to provide a comprehensive lifecycle service system for technology innovation enterprises[32]. - The company is actively pursuing opportunities in cross-border finance and supporting Chinese enterprises in international expansion[32]. - The company emphasizes the importance of green finance and aims to establish a strong ESG brand image[32]. - The company is dedicated to serving the modernization process of China and enhancing the wealth management needs of residents[32]. Market Presence and Expansion - The company has established a new generation of distributed core trading systems and has successfully acquired and consolidated Huazhong Fund[26]. - The company has set up the first securities branch in the Xiong'an New Area Free Trade Zone, expanding its market presence[26]. - The company is expanding its market presence by entering the Southeast Asian market, with plans to establish a local office by the end of 2023[36]. - The company is actively exploring partnerships for cross-border investment opportunities, aiming to diversify its portfolio and reduce market risks[36]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[38]. - The company is actively expanding its market presence in the U.S., Europe, and Southeast Asia, enhancing its competitive edge in the international arena[164]. Risk Management and Compliance - The company has maintained a strong focus on risk management, establishing effective internal control and compliance management systems[24]. - The company emphasizes the integration of "Chinese characteristics" and general capital market principles in its future development strategy[27]. Technological Advancements - The company completed the full launch of a new generation core trading system, enhancing its digital capabilities[71]. - The company is focusing on enhancing its research and development efforts, allocating 5% of its annual revenue towards innovation and technology advancements[36]. - The company has completed a strategic acquisition of a fintech startup, enhancing its technological capabilities and service offerings in the digital finance space[36]. - The company is advancing its digital transformation strategy, enhancing its service capabilities through the君弘 APP, which had 39.01 million users, a 2.9% increase year-on-year[76]. Client and User Growth - User data indicates a growth in active accounts, with a 15% increase year-over-year, totaling 2 million active trading accounts[36]. - User data showed an increase in active users, reaching 5 million, which is a 20% increase compared to the previous year[38]. - The number of personal accounts reached 15.63 million, growing by 7.1% year-on-year, with high-net-worth clients numbering 338,800[75]. - The number of cumulative effective accounts reached 180,970, compared to 156,958 in the previous year[83]. - The number of managed public funds reached 1,989 billion yuan, growing by 43.3%, maintaining the top position in the securities industry[144]. Investment Banking and Underwriting - The company made significant progress in its investment banking business, maintaining strong competitiveness in key industries and regions, and completed several major projects including IPOs and asset restructurings[95]. - The total underwriting amount for the group was 868.388 billion yuan, a year-on-year decrease of 7.9%, maintaining the 5th position in the industry[97]. - The equity underwriting amount was 71.566 billion yuan, down 29.5% year-on-year, ranking 5th in the industry, with 31 IPOs, a year-on-year increase of 24%[98]. - The IPO underwriting amount was 29.526 billion yuan, a decrease of 2.5% year-on-year, with a market share of 5.65%, an increase of 0.60 percentage points, ranking 6th in the industry[100]. - The bond underwriting amount was 796.822 billion yuan, down 5.2% year-on-year, ranking 5th in the industry, with corporate bond underwriting amounting to 235.3 billion yuan, a year-on-year increase of 8.0%, ranking 3rd[101]. Awards and Recognition - The company has been recognized with multiple awards, including the "Golden Bull Securities Company" award in 2022, reflecting its strong market position and brand value[167]. - The company received multiple awards in 2022, including the "Best Investment Bank" and "Best Bond Underwriter" from various institutions[169].