AJ GROUP(SH:600643)2020-03-31 16:00Financial Performance - The net profit attributable to the parent company for 2019 was CNY 1,318,851,954.09, with an undistributed profit at the end of 2019 amounting to CNY 4,277,693,279.44[6] - The net profit for the parent company in 2019 was CNY 171,439,055.71, with a cash dividend of CNY 194,630,694.24 distributed in 2018[6] - Net profit attributable to shareholders was CNY 1,318,851,954.09, reflecting a 13.88% increase compared to CNY 1,158,084,675.21 in the previous year[27] - The net profit after deducting non-recurring gains and losses was CNY 1,239,935,870.25, up 31.72% from CNY 941,368,586.59 in 2018[27] - The company reported a total revenue of CNY 3,802,455,412.49 for 2019, a 43.27% increase from CNY 2,653,987,299.31 in 2018[27] - The company achieved a net profit of 1.319 billion yuan, an increase of 13.88% year-on-year, and total revenue of 3.802 billion yuan, up 43.27% year-on-year[62] - The company’s total assets reached 26.747 billion yuan, a year-on-year increase of 2.47%, while net assets increased by 11.88% to 10.779 billion yuan[62] - The company reported a net profit of RMB 125.1 million for Shanghai Aijian Trust Co., Ltd., with total assets of RMB 1.149 billion as of December 2019[112] - The company’s net profit for Shanghai Huari Financing Leasing Co., Ltd. was RMB 10.5 million, with total assets of RMB 579.7 million as of December 2019[115] Dividends and Earnings - The company proposed a cash dividend of CNY 2.50 per 10 shares, based on a total share capital of 1,621,922,452 shares[6] - The company reported a cash dividend of 2.50 RMB per 10 shares for 2019, representing 30.74% of the net profit attributable to ordinary shareholders[128] - In 2018, the cash dividend was 1.20 RMB per 10 shares, accounting for 16.81% of the net profit attributable to ordinary shareholders[128] - Basic earnings per share increased by 12.76% to CNY 0.813 from CNY 0.721 in 2018[27] - The company's earnings per share (EPS) was RMB 0.813[73] Revenue and Growth - Operating revenue for 2019 reached CNY 1,698,484,603.95, a 79.08% increase from CNY 948,433,246.05 in 2018[27] - The company experienced a significant increase in quarterly operating revenue, with Q4 2019 reaching CNY 496,201,328.68, compared to CNY 382,154,480.14 in Q1 2019[29] - The financing leasing sector saw a total contract balance of approximately CNY 6.654 trillion by the end of 2019, with a year-on-year growth of 0.06%[46] - The asset management industry had a total asset management scale of approximately CNY 51.19 trillion by Q3 2019, a slight decrease of 0.01% quarter-on-quarter[47] - The private equity investment market raised a total of CNY 1.244 trillion in 2019, a year-on-year decrease of 6.6%[50] Assets and Liabilities - Total assets at the end of 2019 were CNY 26,746,903,022.23, a 2.47% increase from CNY 26,103,379,266.09 at the end of 2018[27] - The company's trading financial assets at the end of the period were 3,637,558,110.60 yuan, accounting for 13.60% of total assets[90] - The amount of non-current assets due within one year was 6,577,477,120.94 yuan, representing 24.59% of total assets, an increase of 145.49%[92] - The company's long-term equity investments were valued at 1,416,712,912.03 yuan, used for pledge loans[97] - The overall asset-liability ratio will be scientifically controlled to ensure long-term stability, as the company faces increasing capital demands and rising debt levels[121] Risk Management and Compliance - The company emphasizes the importance of investment risk awareness in its forward-looking statements[8] - The company is committed to enhancing its risk management framework and has established a unified risk prevention system[66] - The company has committed to maintaining operational independence and compliance with regulatory requirements as part of its corporate governance strategy[131] - Internal management and risk control will be prioritized, with a focus on compliance and enhancing risk management capabilities amid increasing market competition and regulatory scrutiny[122] Corporate Governance and Legal Matters - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8] - There are no violations of decision-making procedures regarding external guarantees[10] - The company has confirmed that it will not utilize its shareholder position to harm the interests of the listed company and other shareholders[145] - The company has stated that it will eliminate illegal occupation of the listed company's funds and assets, and will not request any form of guarantee from the listed company[145] - The company is actively responding to a lawsuit involving a trust plan with a debt of 1.9 billion RMB, with ongoing legal proceedings[154] Investment and Strategic Initiatives - The company is focusing on business innovation and resource integration across its various financial segments to drive growth[56] - The company aims to deepen the integration of finance and industry, focusing on high-quality development by addressing the financing difficulties of small and micro enterprises[98] - The company plans to enhance subsidiary capital strength and clarify asset-liability management goals as part of its strategy for high-quality development[72] - The company aims to focus on wealth management and asset management services, leveraging product innovation to enhance customer value[118] Social Responsibility and Employee Welfare - The company donated up to CNY 10 million for COVID-19 relief efforts and provided 100,000 sets of protective clothing to support frontline medical staff[186] - The company organized health check-ups for 649 employees and conducted health seminars to promote employee well-being[191] - The company maintained timely salary payments and tax withholdings for employees, while the labor union provided legal support for employee rights[192] - The company continues to focus on sustainable development and social responsibility initiatives[178]