JLGF(SZ:000712)2025-04-27 07:55Financial Overview - The company reported a registered capital of 896 million RMB and a net capital of approximately 3.06 billion RMB as of the end of 2024[16]. - Total revenue for 2024 reached ¥662,653,979.64, representing a 245.16% increase compared to ¥191,984,670.09 in 2023[49]. - Net loss attributable to shareholders decreased by 76.77% to ¥-89,230,122.95 in 2024 from ¥-384,086,624.86 in 2023[49]. - Operating cash flow improved significantly to ¥3,264,697,762.14, a 694.22% increase from ¥-549,405,610.35 in the previous year[49]. - Total assets increased by 18.98% to ¥23,672,838,143.77 at the end of 2024, up from ¥19,896,578,131.54 in 2023[49]. - Total liabilities rose by 25.01% to ¥19,195,782,436.08 in 2024, compared to ¥15,354,991,263.38 in 2023[49]. - The company's total equity attributable to shareholders decreased by 2.82% to ¥2,400,018,193.42 at the end of 2024 from ¥2,469,647,280.20 in 2023[49]. - The liquidity coverage ratio decreased significantly by 136.78 percentage points to 172.81% from 309.59%[59]. - The net profit for the securities industry in 2024 reached CNY 1,672.57 billion, with total operating income of CNY 4,511.69 billion[63]. Shareholder Information - The major shareholder, New Century Company, holds 250 million shares, accounting for 27.90% of the total share capital[19]. - The company plans not to distribute cash dividends or issue bonus shares for the fiscal year[6]. - The participation ratio for the 2024 first extraordinary shareholders' meeting was 51.49%[132]. - The second extraordinary shareholders' meeting in 2024 had a participation ratio of 50.83%[132]. - The annual shareholders' meeting for 2023 recorded a participation ratio of 51.55%[132]. Business Operations and Strategy - The company has undergone significant business transitions, moving from textile production to financial services, with a focus on securities business since 2014[19]. - The company emphasizes the importance of risk awareness regarding its future operational plans and forecasts[5]. - The company aims to leverage its competitive advantages in wealth management and asset management to drive future growth[68]. - The company has engaged in multiple strategic acquisitions and capital increases to enhance its market position and expand its business operations[31][32][33][36]. - The company plans to actively promote the major asset restructuring project for the sale of Dongguan Securities equity to reduce the asset-liability ratio and optimize the financial structure[122]. Subsidiaries and Branches - Zhongshan Securities was granted membership by the Shanghai Stock Exchange in April 2007, with membership number 0028[21]. - The company has established a comprehensive organizational structure, including a board of directors and various committees to ensure effective governance[37]. - Zhongshan Securities has a total of 24 branches and operates multiple business and functional departments to support its operations[39]. - The company has expanded its presence with multiple branches across major cities, including Guangzhou, Shenzhen, and Tianjin, enhancing its market reach[42]. - The company established a new subsidiary, Shenzhen Jinhonghe Investment Management Co., with a registered capital of 10 million yuan, fully owned by Zhongshan Securities[44]. Financial Performance and Metrics - Basic and diluted earnings per share improved to ¥-0.10, a 76.74% increase from ¥-0.43 in 2023[49]. - The weighted average return on equity improved by 10.77 percentage points to -3.68% in 2024 from -14.45% in 2023[49]. - The company reported a significant increase in other comprehensive income, with a net amount of ¥33,189,360.16, up 522.71% from ¥5,329,826.44 in 2023[49]. - The company experienced a reduction in non-recurring losses, with a total of ¥-18,959,088.62 in 2024 compared to ¥-16,740,641.40 in 2023[57]. - The company reported a significant increase in cash and cash equivalents, with a net increase of 728.69% year-on-year to ¥2,005,879,207.56, mainly due to increased net cash flow from operating activities[87]. Governance and Management - The company has established a significant presence in the education sector through its subsidiary, Dongguan New Century Science and Education Development Co., Ltd[142]. - The company has a diverse board with independent directors, including experts in finance and law, enhancing governance and oversight[140]. - The total remuneration for directors, supervisors, and senior management for the year 2024 is projected to be CNY 11.021 million[144]. - The company emphasizes the importance of corporate governance and will improve internal control systems in response to the revised Company Law effective from July 1, 2024[122]. - The audit committee found no objections during its supervision activities in the reporting period[152]. Compliance and Risk Management - The company has a compliance management system that covers all business areas and departments, ensuring adherence to regulatory requirements[173]. - The internal control evaluation report indicated that all evaluated units accounted for 100% of the company's total assets and revenue[168]. - The company has implemented a capital warning and replenishment mechanism, including options such as external financing and asset structure adjustments[171]. - The compliance management department conducted multiple compliance checks across various business lines, including investment banking and asset management, to ensure adherence to regulatory requirements[176]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[182]. Legal Matters - The company is involved in a lawsuit with a claim amount of ¥37.094 million, with expected liabilities confirmed[196]. - Another lawsuit involves a claim of ¥66.8094 million, currently under trial with no judgment yet[196]. - A third lawsuit has a claim amount of ¥89.844 million, also in the first trial stage with no judgment yet[196]. - The total amount involved in other pending lawsuits where the company is a defendant is ¥68.1117 million[197].