Financial Performance - The company's operating revenue for 2021 was approximately RMB 43.21 billion, an increase of 13.04% compared to RMB 38.22 billion in 2020[49]. - The net profit attributable to shareholders for 2021 was approximately RMB 12.83 billion, reflecting a growth of 17.94% from RMB 10.88 billion in 2020[49]. - The net cash flow from operating activities surged to approximately RMB 70.97 billion, a significant increase of 477.27% compared to RMB 12.29 billion in 2020[49]. - Total assets at the end of 2021 reached approximately RMB 744.93 billion, up 7.33% from RMB 694.07 billion at the end of 2020[49]. - The company's total liabilities increased to approximately RMB 567.17 billion, marking a 7.84% rise from RMB 525.95 billion in 2020[49]. - Basic earnings per share for 2021 were RMB 0.98, an increase of 8.89% compared to RMB 0.90 in 2020[50]. - The weighted average return on equity for 2021 was 8.09%, up from 7.88% in 2020, indicating improved profitability[50]. - The company's net profit for 2021 reached CNY 10,304,335,728.44, representing a 41.65% increase compared to CNY 7,274,599,254.97 in 2020[58]. - The total assets of the company reached nearly CNY 1.9 trillion, marking a historical high[60]. Client and Market Engagement - The company has over 14 million clients in wealth management, focusing on long-term value creation and enhancing service quality through digital empowerment[12]. - The number of wealth management clients increased by 8.50% to 14.268 million, with total client assets growing by 16.40% to CNY 2.82 trillion[62]. - The company's online financial platform "e Haitong Cai" had over 41 million users, with monthly active users exceeding 575,000, ranking among the top four in the industry[64]. - The company's total trading volume for stocks and funds was CNY 19.1 trillion, reflecting a 14.73% increase year-on-year[62]. - The company's net commission income from new clients increased by 22.40% year-on-year[62]. Investment and Financing Activities - In 2021, the company provided financing services totaling over RMB 670 billion for domestic enterprises, with RMB 240 billion for the Yangtze River Delta region and RMB 140 billion for Shanghai enterprises[8]. - The company established a private equity investment fund with a total scale of RMB 27.05 billion, adding RMB 10 billion in new fund size in 2021[8]. - The company completed domestic financing exceeding 80 billion CNY through various debt financing tools, enhancing its capital strength and liquidity management capabilities[95]. - The company sponsored 35 IPO projects, raising 33.964 billion yuan, capturing a market share of 6.68% in the number of projects and 6.26% in financing amount[68]. - The company completed 1,434 bond underwriting projects, with a total underwriting amount of 520.857 billion yuan, a year-on-year increase of 9%[74]. Risk Management and Compliance - The company emphasizes the importance of compliance and integrity in its operations, aiming to maintain a strong industry culture[10]. - The company has established a comprehensive risk management framework, focusing on proactive risk prevention and real-time monitoring[143]. - The company has implemented a comprehensive liquidity risk management framework, including daily position tracking and monthly forward-looking analysis[171]. - The company has established a multi-level risk management framework, clearly defining the responsibilities of the board of directors, supervisory board, management, chief risk officer, and various departments[145]. - The company has established a comprehensive anti-money laundering management system, including a leadership group and various operational procedures[153]. Technological Advancements - The company’s technology investment for 2021 was RMB 1.85 billion, maintaining a leading position in the industry[102]. - The company has developed multiple influential proprietary technology products, such as e Haitong Finance and e Haitong Ark, enhancing management efficiency through big data and AI[135]. - The company has implemented a performance evaluation system covering all employees to enhance risk management effectiveness[146]. Corporate Governance - The company has established a robust compliance and risk management framework, with regular reviews conducted by the board and relevant committees[184]. - The company operates independently with a complete business system and has obtained the necessary licenses for securities operations, ensuring no interference from shareholders or related parties[189]. - The company has no controlling shareholder or actual controller, maintaining complete independence in operations and governance[188]. - The company appointed a new general manager, Mr. Li Jun, effective October 28, 2021, following the resignation of the previous general manager[183]. Strategic Focus and Future Plans - The company plans to focus on high-quality development in 2022, emphasizing stability and reform to achieve new progress[10]. - The company aims to accelerate high-quality sustainable development in 2022, promoting the concept of "One Haitong" to unify its brand and strategy[14]. - In 2022, the company plans to leverage trends in digital economy, green finance, and cross-border finance to support national strategies and regional development[140]. - The company will enhance its wealth management services targeting retail investors and private institutions, while expanding its asset management capabilities[141].
海通证券(600837) - 2021 Q4 - 年度财报