SINOLINK SECURITIES(SH:600109)2021-04-01 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.70 per 10 shares, totaling RMB 211,705,151.70, based on a total share capital of 3,024,359,310 shares as of December 31, 2020[3]. - In 2020, the company distributed cash dividends amounting to RMB 211,705,151.70, with a net profit attributable to ordinary shareholders of RMB 1,862,640,224.66, resulting in a payout ratio of 11.37%[139]. - The company did not propose any cash profit distribution plan for the reporting period despite having positive distributable profits[140]. Financial Performance - The company reported a total revenue of 953.10 million for the year 2020[29]. - The company's operating revenue for 2020 was approximately CNY 6.06 billion, representing a 39.39% increase compared to CNY 4.35 billion in 2019[36]. - Net profit attributable to shareholders of the parent company reached approximately CNY 1.86 billion, up 43.44% from CNY 1.30 billion in the previous year[36]. - The net profit after deducting non-recurring gains and losses was approximately CNY 1.79 billion, reflecting a 43.35% increase from CNY 1.25 billion in 2019[36]. - Total assets at the end of 2020 amounted to approximately CNY 67.63 billion, a 34.85% increase from CNY 50.15 billion at the end of 2019[36]. - Total liabilities increased by 53.56% to approximately CNY 45.09 billion from CNY 29.36 billion in 2019[36]. - The equity attributable to shareholders of the parent company was approximately CNY 22.47 billion, an increase of 8.41% from CNY 20.72 billion in 2019[36]. - Basic earnings per share for 2020 increased by 43.59% to CNY 0.616 compared to CNY 0.429 in 2019[37]. Capital Structure - The net capital of the company increased to RMB 19,641,319,988.29 at the end of the reporting period, up from RMB 18,293,563,610.46 at the end of the previous year, reflecting a growth of approximately 7.4%[10]. - The company’s registered capital remains stable at RMB 3,024,359,310.00, indicating no changes in equity structure during the reporting period[10]. - The registered capital of Guojin Securities has increased to RMB 3,024,359,310 after a non-public offering of 18.75 million new shares in May 2015[27]. Risk Management - The company emphasizes that its main business is significantly affected by macroeconomic conditions, regulatory policy adjustments, and fluctuations in the securities market, highlighting potential risks[5]. - The company has established a comprehensive risk management system, including various risk management policies and procedures tailored to specific financial instruments and business activities[120]. - The company has implemented measures to enhance its anti-money laundering systems, improving the accuracy of suspicious transaction monitoring[118]. - The company has effectively controlled money laundering and terrorist financing risks, with no major incidents reported during the reporting period[119]. - The company has a dedicated Chief Risk Officer and a risk management department to oversee and implement comprehensive risk management practices[120]. Business Operations - The company has a comprehensive range of business qualifications, including securities brokerage, investment consulting, and asset management, among others, indicating a diversified operational capability[11]. - The company’s operational scope includes a wide array of financial services, such as futures trading and private equity fund management, which supports its market expansion strategy[11]. - The company has maintained a standard unqualified audit report from Tianjian Accounting Firm, ensuring the reliability of its financial statements[2]. - The company is investing in new technology development to streamline operations and enhance trading efficiency[30]. - The company plans to expand its market presence by opening additional securities business offices in key regions[30]. Corporate Governance - The company has a robust governance structure with all board members present at the board meeting, ensuring accountability and transparency[2]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[5]. - The company has a strong financing capability with an AAA credit rating, maintaining good relationships with major commercial banks for various financing methods[102]. Strategic Development - The company’s future plans and strategic developments are subject to investment risks, as stated in the forward-looking statements section[4]. - Strategic mergers and acquisitions are being considered to strengthen market position and diversify service offerings[30]. - The company aims to achieve a year-on-year revenue growth of at least 10% in the upcoming fiscal year[30]. - The company plans to enhance wealth management services by integrating financial technology and personalized services to improve customer engagement and asset growth[108]. Social Responsibility - The company donated approximately 1.6458 million RMB for poverty alleviation efforts and has invested over 12.78 million RMB in public welfare over the past four years[172]. - The company has established partnerships with ten national-level poverty-stricken counties and three poverty-stricken areas, with a total funding amount of 161.38 million RMB for poverty alleviation efforts[173]. - The company has committed to ongoing poverty alleviation efforts, emphasizing social responsibility and support for the community as part of its long-term goals[183]. Compliance and Legal Matters - The company has maintained a good integrity status during the reporting period, with no significant debts overdue or unfulfilled court judgments[145]. - There were no major litigation or arbitration matters during the reporting period[145]. - The company has not disclosed any significant equity incentive plans or employee stock ownership plans during the reporting period[146].