SWSC(SH:600369)2022-04-26 16:00Financial Performance - The company's total revenue for 2021 was ¥3,096,080,385.10, a decrease of 2.32% compared to ¥3,169,571,453.97 in 2020[33]. - Net profit attributable to shareholders of the parent company for 2021 was ¥1,038,152,895.95, down 4.89% from ¥1,091,487,407.23 in 2020[33]. - The net cash flow from operating activities for 2021 was -¥157,191,967.69, compared to -¥3,808,187,088.30 in 2020[33]. - Total assets at the end of 2021 amounted to ¥82,258,033,563.18, reflecting a 3.88% increase from ¥79,188,318,465.26 at the end of 2020[33]. - Total liabilities increased by 5.30% to ¥56,975,519,750.63 at the end of 2021, up from ¥54,108,953,622.67 in 2020[33]. - The equity attributable to shareholders of the parent company was ¥25,357,779,155.53 at the end of 2021, a slight increase of 0.85% from ¥25,143,360,134.41 in 2020[33]. - Basic earnings per share for 2021 decreased to CNY 0.16, down 11.11% from CNY 0.18 in 2020[34]. - The company's total revenue for the reporting period across the subsidiaries was CNY 3,985.58 million, with a combined net profit of CNY 922.30 million from Yinhua Fund Management Co., Ltd.[94]. Operational Expansion - As of December 31, 2021, the company operates 83 securities business departments, achieving full coverage in the Chongqing area with 42 departments[24]. - The company has expanded its operations to 18 provinces, municipalities, and autonomous regions across China, including major cities like Beijing and Shanghai[25]. - The company operates a total of 37 branches across 29 provinces, municipalities, and autonomous regions in China as of December 31, 2021[28]. - The company has a diverse geographical distribution, covering significant areas in eastern, central, and western China[28]. - The company continues to focus on expanding its branch network to enhance customer accessibility and service delivery[28]. Risk Management - The company has established a comprehensive risk management system that includes quantifiable risk indicators and a reliable information technology system to ensure risks are measurable and controllable[100]. - The risk management framework includes a structured organization with clear responsibilities across the board, management, and various departments to ensure effective risk oversight[105]. - The company has implemented a risk response mechanism that includes emergency management processes for significant risks and unexpected events, focusing on liquidity crises and trading system incidents[110]. - The company identified major risks including liquidity, market, credit, operational, and compliance risks, with specific measures to manage each type[113]. - The company has developed a risk management information technology system that supports risk identification, measurement, and monitoring, ensuring it aligns with the complexity of its business[109]. Corporate Governance - The board of directors consists of 3 independent directors, ensuring objective and scientific decision-making[130]. - The total pre-tax remuneration for senior management during the reporting period amounted to CNY 1,402.02 million[134]. - The company has established a governance structure in compliance with the Company Law and Securities Law, with clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[130]. - The company has maintained a stable management team, with several members serving in multiple roles across different organizations[139]. - The board held a total of 7 meetings during the year, with 1 in-person meeting and 6 conducted via communication methods[146]. Social Responsibility - The company actively fulfills its social responsibilities, as detailed in its 2021 Social Responsibility Report published on April 27, 2022[180]. - The company donated 3.5 million yuan to support poverty alleviation and rural revitalization efforts in Youyang County[181]. - The company facilitated the sale of agricultural products from remote areas, contributing over 700,000 yuan to consumption assistance in Youyang and Chengkou counties[181]. - The company signed a strategic cooperation framework agreement with Youyang County government to support local enterprise development and financial training[181]. - The company implemented a "insurance + futures" business model to aid rural industry development[181]. Legal Matters - The company is involved in multiple legal disputes regarding stock pledge repurchase transactions, with significant amounts at stake, including a principal of 7.41 billion CNY and 3.99 billion CNY in separate cases against individuals Zhuang Min and Zhuang Ming respectively[189]. - The company has initiated legal actions to recover 787.08 million CNY in principal and interest from Beijing Peking University Unimed Biomedical Engineering Group Co., Ltd., with the case currently in execution proceedings[191]. - The company has secured a court ruling for 400 million CNY in principal from Han Hua, with additional claims against related parties for joint liability in a stock pledge dispute[191]. - The company has a pending case against New Light Holdings Group, with a court ruling for the company to receive a total of approximately 929.69 million CNY, including principal, interest, and penalties[190]. - The company is actively pursuing enforcement of its rights in multiple cases, indicating a strategic focus on recovering outstanding debts through legal channels[191].