2014-07-31 16:00Financial Performance - The net profit attributable to shareholders for 2013 was ¥2.23 billion, reflecting a growth of 35.46% from the previous year[52]. - The company's operating income for 2013 was ¥6.09 billion, which is a 30.45% increase compared to ¥4.67 billion in 2012[52]. - The net profit for 2013 reached CNY 2,235,033,369.95, a 35.79% increase compared to CNY 1,645,998,042.62 in 2012[56]. - Basic earnings per share for 2013 increased by 35.46% to CNY 0.4784 from CNY 0.3531 in 2012[53]. - The net assets attributable to shareholders increased by 5.41% to ¥27.16 billion at the end of 2013[51]. - The company's total assets reached CNY 83.157 billion, reflecting a 10.09% increase from CNY 75,536,501,457.37 in 2012[56]. - The total liabilities increased by 12.47% to CNY 55,972,799,559.96 in 2013 from CNY 49,768,861,680.80 in 2012[56]. - The weighted average return on equity rose to 8.44% in 2013, up 1.91 percentage points from 6.53% in 2012[53]. Business Operations - The company has a total of 100 securities business offices distributed across various regions, with 24 located in the Guangdong Pearl River Delta[47]. - The company has established 11 branches as of the end of 2013, with the latest branch opened in Hubei province[43]. - The company has four major subsidiaries, including 招证国际 and 招商期货, contributing to its diversified business operations[45]. - The company completed its initial public offering in November 2009, raising a total of ¥111.15 billion[37]. - The company has been actively involved in mergers and acquisitions, enhancing its market position since its establishment[31]. Risk Management - The company has detailed descriptions of potential risks including macro policy risks, industry competition risks, and market risks in the report[16]. - The report emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[8]. - The company maintained a high level of vigilance regarding bond credit risk, implementing a strict authorization process for credit ratings within fixed income portfolios[188]. - The company established a liquidity management indicator system to monitor key liquidity metrics and implemented measures to ensure safe and stable operations across all business units[190]. - The company actively diversified its financing channels and methods to avoid difficulties in fundraising due to over-concentration in financing sources[191]. Capital and Financing - The company reported a registered capital of RMB 4,661,099,829 and a net capital of RMB 14,041,322,423.94[18]. - The registered capital of the company increased to ¥3.23 billion after the issuance of 1.5 billion new shares[36]. - The company reported a significant increase in lending funds, which rose by 283.24% to CNY 20,087,284,540.73 in 2013 from CNY 5,241,393,959.00 in 2012[58]. - The company successfully issued CNY 10 billion in corporate bonds and a total of CNY 28.7 billion in short-term financing bonds, with a year-end balance of CNY 7.8 billion in short-term financing bonds[172]. - The net cash flow from financing activities was CNY 15.704 billion, a significant increase of 1,143.92% year-on-year[70]. Asset Management - The asset management business revenue grew by 97.78% year-on-year, with entrusted funds reaching CNY 68.888 billion[74]. - The company's asset management business had a total entrusted fund scale of 68.88 billion yuan at the end of the reporting period, a year-on-year increase of 260.21% from 19.12 billion yuan in the same period of 2012[91]. - The company established 21 new collective asset management plans during the year, reflecting significant growth in asset management operations[90]. - The company launched non-site account opening services, improving customer service and operational efficiency[89]. - The company plans to significantly improve its asset management capabilities by issuing public fund products and enhancing product innovation and comprehensive financial service capabilities[168]. Compliance and Governance - The report was audited by Xin Yong Zhong He Accounting Firm, which issued a standard unqualified opinion[5]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[9]. - There are no violations in decision-making procedures for external guarantees[10]. - The company has established a dynamic monitoring system for risk control indicators, ensuring compliance with regulatory requirements[192]. - The company plans to continue enhancing its compliance management framework to support stable business development in 2014[188]. Market Position and Strategy - The company anticipates that the securities industry will see significant growth in scale and innovation, with a focus on comprehensive service models and increased competition from internet technology firms[157][158]. - The company plans to leverage its resource advantages to enhance its market share and competitive position in the evolving securities industry landscape[159]. - The company’s market share in the domestic stock fund market improved to the 5th position, up 2 places from 2012[126]. - The company aims to enhance its core competitiveness and become the best investment bank in China, focusing on transformation, cross-border development, and innovation from 2012 to 2014[166]. - The company recognizes the challenges posed by increasing competition from banks, insurance, trusts, and internet financial technology companies[165].