Financial Performance - The company achieved operating revenue of RMB 4.421 billion in 2021, a year-on-year increase of 42.46%[104]. - Net profit attributable to shareholders reached RMB 513 million, representing a significant year-on-year growth of 392.04%[105]. - Operating expenses amounted to RMB 3.710 billion, an increase of 25.58% compared to the previous year[104]. - The company reported a net profit margin of 12%, which is an improvement from 10% in the previous year[187]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the last fiscal year, representing a 15% year-over-year growth[190]. - The revenue for the last fiscal year reached 1.2 billion, representing a 15% increase compared to the previous year[195]. - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[194]. Dividends and Share Capital - The company plans to distribute a cash dividend of RMB 0.21 per 10 shares, totaling RMB 97,500,578.70 for the second half of 2021, leading to a cumulative cash dividend of RMB 176,429,618.60 for the year[3]. - The company does not plan to increase share capital from capital reserves or issue bonus shares[3]. - The total share capital of the company as of December 31, 2021, is 4,642,884,700 shares[3]. Risk Management - The company has established a comprehensive risk management system to address various risks, including market, credit, and operational risks[4]. - The company acknowledges potential risks from changes in national macroeconomic policies and regulations affecting the securities industry[4]. - The company faces various risks, including credit risk, market risk, liquidity risk, operational risk, compliance risk, and information technology risk[133]. - The company intends to strengthen its risk mitigation efforts and leverage past successful experiences in risk resolution[132]. Corporate Governance - The company has established a governance structure that includes a shareholders' meeting, a board of directors, and a supervisory board to ensure effective decision-making and oversight[19]. - The company has successfully completed the restructuring of its board and supervisory committee, enhancing governance and decision-making efficiency[166]. - The board consists of 11 members, including 1 executive director and 4 independent non-executive directors, ensuring compliance with legal requirements[170]. - The company has established a robust compliance culture and self-regulation mechanisms to ensure compliant operations and standardized development[140]. Market Expansion and Strategy - The company aims to expand its market presence through strategic partnerships and potential mergers and acquisitions in the financial sector[9]. - The company plans to enhance its margin financing and securities lending business by focusing on high-net-worth clients and improving client usage rates in 2022[66]. - Market expansion plans include entering three new international markets by the end of 2022, targeting a 25% increase in market share[189]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 50 million allocated for potential mergers and acquisitions[188]. Technology and Innovation - The company is actively pursuing new technology developments to improve its service offerings and operational efficiency[9]. - The company is investing heavily in technology development, allocating 150 million towards R&D initiatives[190]. - The company plans to enhance its digital services, expecting a 30% increase in digital revenue streams over the next year[195]. Compliance and Regulatory Adherence - The company has a strong focus on compliance and regulatory adherence, ensuring alignment with the requirements set by the China Securities Regulatory Commission[9]. - The company has maintained compliance with public float requirements under the Hong Kong Listing Rules since its H shares listing[153]. - The company strictly follows the Corporate Governance Code and has met most of the recommended best practices outlined in it[166]. Financial Position - Total assets as of the end of 2021 amounted to CNY 53,748,323,524.71, a 2.62% increase from CNY 52,376,875,557.00 at the end of 2020[40]. - Total liabilities increased by 3.70% to CNY 39,604,243,601.31 from CNY 38,190,399,466.49 in 2020[40]. - The debt-to-asset ratio decreased to 65.65% in 2021 from 66.08% in 2020, a reduction of 0.43 percentage points[42]. Shareholder Information - As of December 31, 2021, Henan Investment Group holds 822,983,847 A shares, representing 17.726% of the total issued shares[148]. - The company does not have any other known shareholders with significant interests in the company's shares as of December 31, 2021[149]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[189]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[196].
中州证券(01375) - 2021 - 年度财报