AJ GROUP(SH:600643)2022-03-30 16:00Financial Performance - The net profit attributable to the parent company for 2021 was CNY 1,152,155,643.38, a decrease of 14.78% compared to 2020[25]. - The total operating income for 2021 was CNY 1,912,862,372.85, representing a year-on-year increase of 7.58%[25]. - The operating revenue for 2021 was CNY 4,322,516,568.47, a slight decrease of 1.24% from 2020[25]. - The net profit excluding non-recurring gains and losses was CNY 949,798,768.83, down 17.59% from the previous year[25]. - The company achieved total revenue of 4.323 billion RMB in 2021, with a net profit of 1.152 billion RMB[43]. - Basic earnings per share were 0.714 RMB, down 14.39% from 0.834 RMB in 2020[27]. - The weighted average return on equity decreased to 9.64%, down 2.45 percentage points from the previous year[27]. - The company reported a significant increase in investment activity cash flow, with a net inflow of RMB 228.99 million, up 903.76% compared to the previous year[81]. - The company’s operating cash flow from operating activities decreased by 28.41% to RMB 1.498 billion, indicating challenges in cash generation[78]. - The net cash flow from operating activities was approximately 1.498 billion RMB, a decrease of 28.41% compared to the previous year[27]. Dividend and Shareholder Returns - The company proposed a cash dividend of CNY 2.20 per 10 shares, based on a total share capital of 1,612,172,278 shares after accounting for repurchased shares[6]. - The company plans to maintain the per-share distribution ratio unchanged despite potential changes in total share capital due to various corporate actions[6]. - The total pre-tax remuneration for directors and senior management during the reporting period amounted to CNY 2,326.22 million[153]. - The board of directors has approved a dividend payout of $0.50 per share, reflecting a commitment to returning value to shareholders[162]. Business Strategy and Innovation - The company is focusing on business innovation in the trust sector and upgrading its leasing and capital segments to adapt to macroeconomic changes[43]. - The company aims to maintain stable operations while exploring new business growth points amid regulatory tightening and ongoing pandemic challenges[41]. - The company plans to focus on five key areas in 2022: improving governance structure, accelerating business innovation, enhancing risk control, promoting digitalization, and strengthening corporate culture[60]. - The company is actively pursuing differentiated asset management capabilities to adapt to the evolving capital market landscape since traditional financing business has been restricted[107]. - The company is committed to promoting common prosperity through innovative charitable trust models to address income disparity and support wealth management for high-net-worth clients[105]. Market and Industry Trends - In 2021, the trust industry in China managed a total trust asset balance of CNY 20.44 trillion, a year-on-year decrease of 2% and a decline of 22.11% from the peak in Q4 2017[61]. - The financing leasing industry saw a total contract balance of approximately CNY 63,030 billion by mid-2021, down 3.09% from the end of 2020[65]. - The private equity investment sector is showing stable growth despite challenges, with an increased focus on strategic emerging industries and improved exit conditions for investments[112]. - The asset management industry is expected to leverage opportunities in technology innovation and green development while enhancing internal mechanisms and management standards[111]. Corporate Governance - The board of directors held 4 meetings during the reporting period, approving 23 resolutions, ensuring compliance with governance standards[143]. - The supervisory board also convened 4 times, focusing on financial oversight and compliance with regulations[143]. - The company has implemented a comprehensive information disclosure system, publishing 4 periodic reports and 66 announcements during the reporting period[143]. - The company aims to enhance its asset quality and effectively manage problem assets as part of its operational strategy[60]. - The company emphasizes the importance of party leadership in enhancing its corporate culture and soft power[60]. Employee and Training Initiatives - The total number of employees in the parent company and major subsidiaries is 886, with 30 in the parent company and 856 in subsidiaries[184]. - A total of 392 participants attended 23 external professional training programs, while 5,930 participants attended 64 internal training programs[188]. - The company has established an effective employee compensation management system to enhance overall efficiency[187]. Environmental and Social Responsibility - The company has committed to supporting the green low-carbon development goals, aiming for carbon peak by 2030 and carbon neutrality by 2060, through various initiatives including green trust business practices[107]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[200]. - The company’s main business activities do not involve significant environmental information disclosures[200].