Financial Performance - Total revenue for 2022 was RMB 41,980,221 thousand, a decrease of 27.38% compared to RMB 57,809,561 thousand in 2021[44]. - Profit before tax for 2022 was RMB 7,999,036 thousand, down 56.86% from RMB 18,543,799 thousand in 2021[44]. - Net profit attributable to shareholders for 2022 was RMB 6,545,347 thousand, a decline of 48.97% from RMB 12,826,517 thousand in 2021[44]. - Cash flow from operating activities for 2022 was RMB 17,793,023 thousand, a decrease of 66.27% compared to RMB 52,747,409 thousand in 2021[44]. - Basic earnings per share for 2022 were RMB 0.50, down 48.98% from RMB 0.98 in 2021[44]. - The weighted average return on equity for 2022 was 3.99%, a decrease of 4.10 percentage points from 8.09% in 2021[44]. - The company's net capital increased to approximately RMB 93.82 billion in 2022 from RMB 85.22 billion in 2021, an increase of 10.12%[56]. - The risk coverage ratio improved to 241.25% in 2022 from 200.25% in 2021, indicating enhanced risk management[57]. Assets and Liabilities - Total assets reached RMB 753.608 billion by the end of 2022, an increase of 1.17% compared to the previous year[4]. - Total liabilities as of December 31, 2022, were RMB 575,985,519 thousand, up 1.55% from RMB 567,170,363 thousand in 2021[45]. - Equity attributable to shareholders was RMB 164,591,957 thousand as of December 31, 2022, a slight increase of 0.89% from RMB 163,137,964 thousand in 2021[45]. - The debt-to-asset ratio as of December 31, 2022, was 72.16%, an increase of 0.75 percentage points from 71.41% in 2021[45]. - Current assets decreased by RMB 20.886 billion or 3.56%, totaling RMB 566.096 billion as of December 31, 2022[125]. - Total equity attributable to shareholders was RMB 164.59 billion, showing a slight increase of 0.89% from the end of 2021[127]. Dividends and Shareholder Returns - The total cash dividend for 2022 is RMB 2.743 billion, accounting for 41.91% of the net profit attributable to the parent company[2]. - The total cash dividend per share for 2022 is RMB 2.10 (before tax) for every 10 shares held[2]. Business Operations and Strategy - The company provided financing totaling nearly RMB 4.4 trillion to the real economy, serving over 21 million customers[5]. - The company is focusing on "hard technology" sectors, successfully establishing the "Haitong brand" in integrated circuits and biomedicine[5]. - A comprehensive financial service system reform was initiated to enhance customer experience and address service pain points[7]. - The company is advancing its digital transformation with the goal of building "Digital Haitong 2.0," emphasizing agility, platformization, and intelligence[7]. - The company aims to leverage its financial expertise to promote rural revitalization and common prosperity through initiatives like "One Company, One County" assistance programs[8]. Risk Management - The company faces significant risks including legal and compliance risks, credit risks, market risks, operational risks, liquidity risks, and reputational risks, which could directly impact its operations and earnings[17]. - The company emphasizes the importance of risk management strategies to mitigate potential impacts from identified risks[17]. - The company has implemented a year-long compliance and internal control cultural construction initiative to strengthen risk management[6]. - The company has established a comprehensive risk management framework, prioritizing compliance and risk management in its operations[155]. Market Position and Competitive Landscape - The company ranked among the top three in the number of sponsorships and amounts in the Sci-Tech Innovation Board since its inception[5]. - The company is positioned to expand its market presence through various financial services and investment activities[19]. - The A-share market saw significant declines in 2022, with the Shanghai Composite Index dropping 15.13% and the Shenzhen Component Index falling 25.85%[61]. Innovation and Technology - The company is leading in digital transformation, with over 43 million installations of its "e Haitong Finance" app and an average of over 5.3 million monthly active users, positioning it among the industry leaders[109]. - The company has been awarded 15 national patents and 68 software copyrights, reflecting its strong innovation capabilities in technology[110]. - The company has actively participated in 22 technology projects, receiving recognition for its contributions to financial technology development[110]. Corporate Social Responsibility - The company has invested over RMB 14 million in poverty alleviation efforts by the end of 2022[8]. - The company received an upgrade in ESG rating to A from MSCI in 2022, and won multiple awards including "Best Listed Company" and "Best ESG Practice Listed Company"[8]. - The company is committed to supporting the national "dual carbon" strategy and has released an action plan for carbon peak and carbon neutrality during the 14th Five-Year Plan period[8]. Future Outlook - The company is entering a new development phase as it celebrates its 35th anniversary in 2023, coinciding with the opening of the Haitong Bund Financial Plaza[9]. - The company anticipates that the capital market will see increased competition due to the entry of foreign-funded and wholly-owned securities firms, which will also drive industry development[149].
海通证券(06837) - 2022 - 年度财报