SWSC(SH:600369)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,786,841,809.16, a decrease of 42.29% compared to ¥3,096,080,385.10 in 2021[34]. - The net profit attributable to shareholders of the parent company was ¥309,416,341.76, down 70.20% from ¥1,038,152,895.95 in the previous year[34]. - The company reported a comprehensive loss of ¥120,790,501.39 for 2022, compared to a loss of ¥155,344,875.95 in 2021[34]. - Basic earnings per share decreased by 68.75% to CNY 0.05 in 2022 from CNY 0.16 in 2021[35]. - The company's operating income in Beijing decreased by 22.72% to approximately 63.64 million RMB, while the income in Guangdong fell by 41.55% to approximately 37.16 million RMB[75]. - The total operating profit was 109,088,954.66 RMB, a decrease of 89.50% compared to the previous year[79]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[135]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a 20% year-over-year growth[136]. Dividend Distribution - The profit distribution plan for 2022 proposes a cash dividend of CNY 0.30 per 10 shares, totaling CNY 199,353,273.72, which accounts for 64.43% of the net profit attributable to shareholders[7]. - The company plans to carry forward any undistributed profits to the next fiscal year after the proposed dividend distribution[7]. - The cash dividend per 10 shares is CNY 0.30 (tax included)[162]. Capital Structure - The registered capital remains at CNY 6,645,109,124, while net capital decreased to CNY 14,561,985,039.16 from CNY 15,882,718,611.51 in the previous year[16]. - Total assets at the end of 2022 were ¥80,994,403,028.86, a decrease of 1.54% from ¥82,258,033,563.18 at the end of 2021[34]. - Total liabilities decreased by 1.61% to ¥56,058,559,636.84 from ¥56,975,519,750.63 in the previous year[34]. - The equity attributable to shareholders of the parent company was ¥24,939,621,852.31, down 1.65% from ¥25,357,779,155.53 in 2021[34]. - The liquidity coverage ratio improved to 180.30% in 2022 from 176.02% in the previous year[36]. - The ratio of net capital to total liabilities was 35.46% at the end of 2022, down from 39.20% at the end of the previous year[36]. Risk Management - The company has established a risk management system centered on the "Southwest Securities Risk Management System," which includes various risk management measures and regular assessments[106]. - The company has implemented measures to optimize risk limit management and enhance business volume risk control, including stress testing to determine risk tolerances[107]. - The company is focused on creating a proactive risk prevention and control environment, adjusting investment scales, and managing exposure to minimize risks in extreme market conditions[107]. - The company faced various risks including liquidity risk, market risk, credit risk, operational risk, and reputational risk, with specific measures in place to address each[112]. - The company has enhanced its liquidity risk management by conducting regular stress tests and improving its emergency financing capabilities[113]. Compliance and Governance - The company has established a comprehensive internal control system, including over 800 regulations covering governance, business management, compliance, risk control, and financial management[165]. - The company has maintained compliance with regulatory standards for all risk control indicators, with no instances of non-compliance reported during the reporting period[127]. - The company has established a four-tier compliance management system to effectively identify, assess, and manage compliance risks[125]. - The company has not experienced any significant compliance risk events during the reporting period[125]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[173]. Business Operations - The company has expanded its operations to 16 provinces and municipalities across China, enhancing its market presence[26]. - The company operates a total of 39 branches across various provinces and municipalities in China as of December 31, 2022[30]. - The company has established multiple operational branches in major cities including Chongqing, Beijing, Shanghai, and Shenzhen, enhancing its market presence[31]. - The company has diversified its business into securities brokerage, investment banking, proprietary trading, and asset management[57]. - The company is focusing on compliance risk control and enhancing its wealth management transformation[57]. Strategic Initiatives - The company is focusing on market expansion and new product development as part of its future strategy[33]. - The company aims to leverage digital technologies such as AI, big data, and blockchain to drive the digital transformation of the securities industry, enhancing customer service and creating new competitive advantages[96]. - The company is exploring potential transactions involving the sale of a 74.1% stake in Xizheng International Securities and a perpetual bond worth HKD 580 million, although no formal agreement has been reached yet[93]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[135]. Social Responsibility - The company donated over 13 million CNY to support poverty alleviation and rural revitalization projects, including 1.3 million CNY in cash donations to Youyang County[181]. - The company has reported a total investment of 1,394.34 million CNY in social responsibility initiatives, including educational support and environmental projects[180]. - The company has implemented measures to promote energy conservation and environmental protection, including online trading and remote meetings[173]. Legal Matters - The company is involved in multiple ongoing legal cases related to stock pledge transactions, with one case involving a principal amount of 400 million RMB[195]. - The company has successfully recovered CNY 777,600 (0.7776 million) in a guarantee contract dispute and is in the process of recovering an additional CNY 1.4274 million (1.4274 million) through asset liquidation[198]. - The company is involved in a securities false statement liability dispute with a claim from Changjin Hexin Fund Management Co., Ltd., but specific financial details were not disclosed in the report[199].