SEALAND SECURITIES(SZ:000750)2025-03-28 13:20Financial Performance - The company reported a significant increase in revenue, reaching $1.5 billion, representing a 20% year-over-year growth[30]. - The company reported a net profit margin of 12%, an improvement from 10% in the previous year[30]. - Net profit attributable to shareholders increased by 31.02% to ¥428,379,469.63 in 2024, up from ¥326,963,050.21 in 2023[36]. - The company's operating revenue for 2024 reached ¥4,217,541,342.77, representing a 0.69% increase from ¥4,188,477,732.54 in 2023[36]. - The company's basic earnings per share increased to ¥0.07, a 16.67% rise from ¥0.06 in 2023[36]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[31]. - The net profit for 2024 was ¥379,583,509.08, a significant increase of 38.68% from ¥273,715,327.87 in 2023[38]. - The company's total equity at the end of 2024 was ¥20,841,038,558.21, a slight increase of 0.50% from ¥20,737,794,086.27 in 2023[40]. Dividends and Capital Structure - The company plans to distribute a cash dividend of 0.30 RMB per 10 shares, totaling 191,585,234.31 RMB, with remaining undistributed profits of 465,524,248.41 RMB carried forward to the next year[3]. - The registered capital of the company is 6,386,174,477.00 RMB, and the net capital stands at 16,224,693,577.93 RMB[13]. - The company does not plan to increase capital reserves to expand share capital for the 2024 fiscal year[3]. - The registered capital of Guohai Securities Co., Ltd. increased to CNY 6,386,174,477 after a private placement of 941,648,963 shares approved by the China Securities Regulatory Commission in October 2023[23]. Risk Management - The company has established a risk management system to address various risks including market, credit, liquidity, operational, and reputational risks[12]. - The company emphasizes the importance of compliance and risk management to support business development and ensure operational safety[176]. - The company has implemented a comprehensive risk management system, including a centralized risk management structure and a risk control indicator system to monitor various risk types[194][195]. - The company has established a liquidity risk management system centered on liquidity coverage ratio and net stable funding ratio, ensuring liquidity needs are met in a timely manner at reasonable costs[197]. Business Operations and Strategy - The company has not changed its main business since its listing on August 9, 2011, which includes securities brokerage, investment consulting, and asset management[17]. - The company operates in the financial industry under the capital market services sector[17]. - The company has expanded its branch network significantly, with multiple branches established across major cities including Beijing, Shanghai, and Shenzhen since 2009[26]. - The company is actively involved in the development of new financial products and services to enhance its market competitiveness[29]. - The company is focused on expanding its market reach through strategic partnerships and acquisitions[29]. - The company aims to enhance its differentiated competitive advantage in wealth management by focusing on customer needs and improving service quality in 2025[88]. Subsidiaries and Investments - The company has a subsidiary, Guohai Good Times Futures Co., Ltd., with a registered capital of 600 million yuan and an 83.84% ownership stake[28]. - The company’s subsidiary, Guohai Franklin Fund Management Co., Ltd., has a registered capital of 220 million yuan and a 51% ownership stake[28]. - The company’s major subsidiaries include Guohai Fund Management, which reported a net profit of 2,040.31 million CNY, and Guohai Futures, with a net profit of 314.71 million CNY[168]. - The company’s investment in structured entities includes several asset management plans, indicating a diversified investment strategy[169]. Market Position and Growth - The company has maintained the highest market share in securities brokerage business in Guangxi, with leading positions in IPO and New Third Board listings[57]. - The company’s research business ranking improved significantly, with public fund commission market share rising from 26th to 4th place, and trading commission market share reaching a historic high[74][75]. - The company’s total assets under management in standardized active management reached 380.15 billion yuan, reflecting a year-on-year growth of 14.5%[75]. - The company aims to enhance its comprehensive financial service capabilities by focusing on high-end manufacturing, military industry, and biotechnology sectors in 2024[102]. Customer Engagement and Satisfaction - User data showed an increase in active users to 10 million, up from 8 million last year, indicating a 25% growth in user base[30]. - Customer satisfaction ratings improved to 85%, up from 80% last year, reflecting enhanced service quality[30]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience and product efficiency[30]. Future Outlook and Guidance - The company provided guidance for the next quarter, expecting revenue to be between $1.6 billion and $1.7 billion, which would reflect a growth rate of 7% to 13%[30]. - Future guidance indicates a focus on sustainability initiatives, with a commitment to reduce carbon emissions by 30% over the next five years[31]. - The company plans to enhance its capabilities in investment research, wealth management, and comprehensive financial services, targeting four key areas: large wealth, large asset management, investment research, and investment banking[173].