SCS(SH:601555)2014-07-11 16:00Financial Performance - The company's operating revenue for 2013 was RMB 1,598,708,590.09, representing a 14.33% increase compared to RMB 1,398,348,948.06 in 2012[43]. - The net profit attributable to shareholders for 2013 was RMB 382,636,197.28, a 35.81% increase from RMB 281,748,097.84 in 2012[43]. - The company's total revenue for 2013 reached RMB 159,870.86 million, an increase of 14.33% compared to RMB 139,834.89 million in 2012[21]. - The net profit for 2013 reached RMB 386,017,927.57, a 33.96% increase from RMB 288,155,359.61 in the previous year[50]. - The basic earnings per share for 2013 was RMB 0.19, up 35.71% from RMB 0.14 in 2012[43]. - The weighted average return on equity for 2013 was 4.97%, an increase of 1.21 percentage points from 3.76% in 2012[43]. - The total assets at the end of 2013 amounted to RMB 18,844,057,289.97, a 19.49% increase from RMB 15,770,202,620.15 at the end of 2012[43]. - The net assets attributable to shareholders at the end of 2013 were RMB 7,829,075,087.99, reflecting a 3.33% increase from RMB 7,576,997,052.22 at the end of 2012[43]. - The company's trading financial assets rose by 39.76% to RMB 3,400,793,880.38, compared to RMB 2,433,247,111.76 in 2012[49]. - The total liabilities increased by 34.63% to RMB 10,946,912,260.76, compared to RMB 8,131,363,461.21 in 2012[49]. Dividends and Profit Distribution - The company distributed cash dividends of 0.60 RMB per 10 shares, totaling 120 million RMB, which accounts for 52.93% of the profit available for distribution to shareholders[7]. - The company's retained earnings at the end of 2013 amounted to 743,688,683.29 RMB after accounting for the cash dividends distributed[166]. - The cumulative profit available for distribution to shareholders at the end of 2013 was 727,625,646.94 RMB[166]. - The company has maintained a stable profit distribution policy to ensure reasonable returns for investors[164]. - The company’s cash dividend for 2012 was 100,000,000 RMB, which represented 35.49% of the net profit attributable to shareholders[168]. Business Expansion and Operations - The company obtained qualifications for various new business operations, including margin trading and securities lending in January 2013, and expanded its business scope accordingly[20]. - The company completed the registration change to include the sale of financial products in February 2013[18]. - The company is actively expanding its market presence and capabilities through various business qualifications and subsidiary establishments[24]. - The company has established multiple branches across major cities, including 16 operational branches and several others in the pipeline[36]. - The company has established a "same-city dual-center" model to accelerate business innovation and explore new strategies in derivatives and quantitative investments[57]. - The company is focusing on comprehensive financial services, including asset securitization and private debt projects, to enhance its market position[57]. - The company has established 43 new branches to enhance regional market coverage and diversify revenue streams[95]. - The company completed its initial public offering (IPO) on December 12, 2011, issuing 50 million A-shares at a price of RMB 6.50 per share, raising a total of RMB 325 million[27]. Risk Management - The company has faced various risks, including market risk, credit risk, operational risk, liquidity risk, and compliance risk, as detailed in the board report[13]. - The company has strengthened its risk management framework, achieving an A-class rating in the classification evaluation of securities firms[57]. - The company emphasizes compliance training and management to prevent legal and regulatory violations, enhancing its compliance culture[145]. - The company has implemented a risk control index warning mechanism to ensure compliance with regulatory requirements and to monitor liquidity risk[147]. - The company has established a net capital warning mechanism and improved financial management systems to manage liquidity risk effectively[147]. Subsidiaries and Investments - The company holds a 49% stake in Dongwu Fund Management Co., Ltd., which has a registered capital of RMB 100 million[30]. - Dongwu Futures Co., Ltd. is another subsidiary with a 74.5% ownership and a registered capital of RMB 200 million[31]. - Dongwu Fund Management Company managed assets totaling RMB 171 billion, achieving an operating income of RMB 208.06 million and a net profit of RMB 30.48 million during the reporting period[117]. - Dongwu Futures Company reported total assets of RMB 1.376 billion and a net profit of RMB 13.26 million, with a revenue of RMB 121.21 million for the year[118]. - Dongwu Venture Capital completed investments in 4 projects, generating operating income of RMB 17.49 million and a net profit of RMB 20.31 million, with total assets of RMB 630 million[119]. Regulatory Compliance and Governance - The company reported a standard unqualified audit opinion from Tianheng Accounting Firm for the fiscal year[6]. - The company’s board of directors and senior management guarantee the accuracy and completeness of the annual report[4]. - The company received two administrative regulatory measures during the reporting period, including a warning letter from the China Securities Regulatory Commission[179]. - The company has completed the revision of its articles of association to include the distribution of financial products as part of its business scope[181]. - The company has made adjustments to its financial reporting format and notes in accordance with new regulations, effective from January 1, 2014, without impacting its financial position[149]. Shareholder Structure - The total number of shares remains unchanged at 2 billion, with 38.93% being restricted shares and 61.07% being unrestricted shares[189]. - The total number of shareholders as of the report date is 62,923, a decrease from 66,786 five trading days prior[194]. - The largest shareholder, Suzhou International Development Group, holds 30.22% of the shares, amounting to 604,407,433 shares, with 302 million shares pledged[195]. - The company’s stock structure and shareholder composition remained stable without any new share issuance or capital increase during the reporting period[193].