Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 2,503,994,456.00, based on a total share capital of 25,039,944,560 shares as of December 31, 2021[2]. - The company reported that the undistributed profits after the dividend distribution will be RMB 438,572,989.61, which will be carried forward to the next year[2]. - The company will adjust the per-share distribution ratio if there are changes in total share capital before the dividend distribution date[2]. Financial Performance - Total revenue and other income for 2021 reached RMB 46,171,470 thousand, an increase of 17.92% compared to RMB 39,156,373 thousand in 2020[29]. - Profit before tax for 2021 was RMB 11,079,122 thousand, reflecting an 18.51% increase from RMB 9,348,467 thousand in 2020[29]. - Net profit attributable to shareholders for 2021 was RMB 9,398,369 thousand, up 21.02% from RMB 7,766,175 thousand in 2020[29]. - Basic earnings per share for 2021 were RMB 0.38, an increase of 22.58% from RMB 0.31 in 2020[29]. - The weighted average return on equity for 2021 was 10.26%, up from 9.05% in 2020[29]. Audit and Compliance - The annual financial report for 2021 has been audited by PwC and received a standard unqualified opinion[2]. - The financial report is prepared in accordance with International Financial Reporting Standards, ensuring compliance and transparency[2]. - The board of directors and senior management have guaranteed the truthfulness, accuracy, and completeness of the annual report[2]. Risk Management - The company emphasizes the importance of understanding potential market risks, credit risks, liquidity risks, operational risks, policy risks, legal compliance risks, and product/business innovation risks[2]. - The company has established a comprehensive risk management system to effectively prevent liquidity risks[142]. - The company is facing challenges from market risks due to global economic uncertainties and is implementing measures to enhance risk management[162]. Business Operations - The company operates through its subsidiaries, including Shenwan Hongyuan Securities, Shenwan Hongyuan West, and Shenwan Hongyuan Underwriting and Sponsorship[15]. - The company maintains its main business scope, which includes investment management, equity investment, and investment consulting, since its listing[15]. - The company is involved in securities business, securities investment consulting, and securities investment fund sales services[16]. Capital Structure - The registered capital of Shenwan Hongyuan Group Co., Ltd. is RMB 25,039,944,560[10]. - The company has not disclosed any significant changes in share capital during the reporting period[3]. - Central Huijin holds a 55.38% stake in Shenwan Hongyuan after acquiring 1.22 billion shares in 2012[22]. Market Position - The company maintains a leading position in the industry, with strong asset quality and financial health, ranking among the top tier in operating income, net profit, and return on net assets[44]. - The wealth management market in China has surpassed RMB 200 trillion, making it the second-largest wealth management market globally, driven by a shift from savings to investment among residents[42]. Awards and Recognition - The company has received multiple awards, including the A-class underwriter credit rating for corporate bonds from the National Development and Reform Commission[53]. - The company was recognized as an outstanding underwriter for corporate bonds by the Shanghai Stock Exchange[54]. - The company achieved significant recognition in the New Fortune 2021 Investment Banking Rankings, including Best M&A Investment Bank and Best Domestic Investment Bank[56]. Shareholder Engagement - The company held 3 shareholder meetings, 11 board meetings, and 8 supervisory board meetings during the reporting period[185]. - The participation rate for the 2020 Annual General Meeting was 62.54%[188]. - The 2021 First Extraordinary General Meeting had a participation rate of 62.17%[190]. Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code and has not faced any penalties or public reprimands during the reporting period[179]. - The company has established a clear governance structure with defined responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[185]. - The company ensures the protection of minority shareholders' rights and has not infringed upon their interests[185].
申万宏源(06806) - 2021 - 年度财报