EBSCN(HK:06178)2023-04-17 10:29Financial Performance - In 2022, the company's total revenue and other income amounted to RMB 15,021,145,000, a decrease of 31.40% compared to RMB 21,897,834,000 in 2021[34]. - The net profit attributable to shareholders for 2022 was RMB 3,189,073,000, down 8.47% from RMB 3,484,332,000 in 2021[34]. - The company's total assets as of December 31, 2022, reached RMB 258,354,482,000, reflecting an increase of 8.05% from RMB 239,107,601,000 in 2021[35]. - The total liabilities increased by 7.23% to RMB 193,570,043,000 in 2022 from RMB 180,512,339,000 in 2021[35]. - The equity attributable to shareholders rose by 10.61% to RMB 64,004,834,000 in 2022, compared to RMB 57,865,595,000 in 2021[35]. - The basic earnings per share for 2022 was RMB 0.61, a decrease of 15.28% from RMB 0.72 in 2021[34]. - The company's risk coverage ratio improved to 342.13% in 2022 from 283.89% in the previous year[38]. - The liquidity coverage ratio decreased to 216.78% in 2022 from 244.46% in 2021[38]. Corporate Governance - The report was approved by the board of directors with all 13 directors present and voting, with no objections raised[3]. - The company has established a comprehensive corporate governance system in compliance with relevant laws and regulations, ensuring independent operations from its controlling shareholder[171]. - The company emphasizes the protection of minority shareholders' rights and ensures fair information disclosure through various communication channels[177]. - The company has established regulations for information disclosure and insider information management to enhance communication quality with investors[177]. - The company actively engages with investors through phone calls, emails, and investor meetings, ensuring that shareholder inquiries are addressed appropriately[177]. - The company held 4 shareholder meetings, 9 board meetings, and 9 supervisory board meetings during the reporting period, ensuring effective governance[170]. Risk Management - The company has established a comprehensive risk management system to effectively manage various risks faced during operations, ensuring sustainable business development[131]. - The company’s risk management framework includes four levels: the board of directors, management, risk management departments, and business units[132]. - The company has implemented strict credit risk management measures, including investment concentration limits and daily market monitoring to control exposure[137]. - The company has developed a comprehensive liquidity risk management plan, ensuring overall liquidity risk remains controllable[140]. - The company has focused on enhancing information technology risk management, utilizing big data and AI to improve operational management and ensure system stability[142]. Business Strategy and Development - The company operates in various sectors including securities brokerage, investment consulting, and margin financing, indicating a diversified business model[12]. - The company is committed to addressing potential risks as detailed in the board report section of the annual report[4]. - The company aims to enhance its wealth management services by focusing on customer-centric strategies and improving service levels in 2023[57]. - The company plans to further enrich its financing and securities service models and strengthen the application of financial technology in 2023[57]. - The company aims to strengthen domestic and international collaboration to support mainland enterprises in expanding overseas under the new dual circulation development pattern[66]. Capital and Investments - The registered capital of Everbright Securities remained at RMB 4,610,787,639 as of December 31, 2022, unchanged from the previous year[11]. - The net capital increased to RMB 48,853,130,506.55 as of December 31, 2022, up from RMB 44,011,986,210 in 2021, reflecting a growth of approximately 11.5%[11]. - The company has maintained a strong capital base through various funding rounds, positioning itself for future growth and market opportunities[20]. - The company has undergone multiple capital increases and restructuring since its establishment, reflecting a strategy of continuous growth and market expansion[20]. Awards and Recognition - The company received multiple awards, including "Regional Service Characteristic Underwriter" from the Shanghai Stock Exchange in 2022[43]. - The company received multiple awards in 2022, including the "Best Investment Consultant" and "Outstanding Securities Company" from various financial publications[55]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[188]. - The management emphasized the importance of sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[188]. - The company plans to enhance its digital marketing efforts, allocating 15% of its total budget to increase brand visibility and customer engagement[193]. Compliance and Regulations - The company has established a compliance management organizational structure, with the board of directors setting compliance goals and the compliance director reporting directly to the board[147]. - During the reporting period, the company formulated 4 new compliance regulations and revised 9 existing ones, creating a comprehensive compliance management system[147]. - The company has no preferential subscription rights for shareholders as per Chinese laws and company regulations[154]. Human Resources - The company is committed to enhancing its talent pool and improving employee quality, recognizing human resources as one of its greatest assets[165]. - The total pre-tax compensation for executives during the reporting period amounted to CNY 3,277.48 million[179]. - The company adheres to the requirement that over 40% of senior management's performance annual salary should be deferred for at least 3 years[183].