2023-03-24 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.85 per 10 shares to all shareholders, totaling approximately RMB 1.61 billion based on the total share count of 8,696,526,806 shares as of December 31, 2022[4]. - The company did not allocate statutory surplus reserves for the year 2022, and the dividend distribution is subject to approval at the 2022 annual general meeting[4]. - The company will announce the specific dates for the dividend distribution and related matters separately[4]. Financial Performance - The company's operating income for 2022 was RMB 19.22 billion, a decrease of 34.69% compared to 2021[46]. - The net profit attributable to shareholders of the parent company for 2022 was RMB 8.07 billion, down 30.68% from the previous year[46]. - Basic earnings per share decreased by 31.20% to CNY 0.86 in 2022 from CNY 1.25 in 2021[47]. - The weighted average return on equity fell by 3.98 percentage points to 7.54% in 2022 compared to 11.52% in 2021[47]. - The total assets of the company reached RMB 611.66 billion at the end of 2022, an increase of 2.42% compared to the end of 2021[46]. - The total liabilities of the company amounted to RMB 496.42 billion at the end of 2022, reflecting a 2.43% increase from the previous year[46]. - The company's total equity attributable to shareholders of the parent company increased by 2.36% to RMB 115.16 billion at the end of 2022[46]. - The net cash flow from operating activities for 2022 was RMB 62.50 billion, a significant recovery from a negative cash flow in 2021[46]. Business Qualifications and Expansion - The company obtained the qualification for market-making in listed securities trading from the China Securities Regulatory Commission in October 2022[19]. - The company holds various business qualifications, including the main market maker for the CSI 300 ETF options since December 2019[19]. - The company has been actively expanding its business qualifications, with a total of 43 qualifications listed as of 2022[19]. - The company has maintained its membership in major stock exchanges, including the Shanghai and Shenzhen Stock Exchanges[18]. - The company has been actively involved in acquiring new business qualifications to strengthen its competitive edge in the financial market[22]. - The company’s subsidiaries have been granted multiple qualifications, indicating a robust expansion strategy in the financial services sector[21]. Risk Management - The company faces various risks including regulatory changes, credit risk from counterparties, market risk from adverse market changes, and liquidity risk related to funding needs[8]. - The company emphasizes the importance of compliance with laws and regulations to mitigate legal and compliance risks[8]. - The company has established a comprehensive risk management system that includes a five-tier risk management framework to address various market, credit, operational, and liquidity risks[179]. - The company has implemented a risk management quantitative indicator system to guide resource allocation towards high-risk-return businesses, enhancing overall risk management and corporate value[187]. - The company has established a risk limit management system across various business departments and trading strategies to control profit and loss volatility and market risk exposure[200]. Market Conditions and Strategic Goals - The company’s financial performance may be influenced by the overall economic and market conditions in China and related regions[7]. - The company aims to achieve "comprehensive competitiveness within the top five in the industry" as part of its strategic goals from 2019 to 2023[176]. - The company is committed to maintaining a stable and positive trend in the capital market, supported by the overall recovery of the domestic economy and the implementation of the registration system reform in 2023[109]. - The capital market is undergoing reforms that enhance direct financing and improve market structure, benefiting strategic emerging industries and small and medium-sized enterprises[173]. Innovative Services and Technology - The company launched a series of innovative products and services in 2022, focusing on technology-driven and customer-centric solutions to meet new market demands[166]. - The company has expanded its innovative business in areas such as technology finance and green finance, actively developing public REITs and other innovative services[168]. - The company is committed to leveraging financial technology to enhance its competitive advantages, particularly among smaller firms in niche markets[175]. Customer and Market Share - The number of normal trading customers reached approximately 16.44 million, representing a year-on-year growth of 11.16%[69]. - The company’s market share in stock and fund trading volume increased to 5.22%, up by 0.32 percentage points year-on-year[69]. - The average monthly active users (MAU) of the 招商证券 APP increased by 7.33% year-on-year, ranking 5th among the top ten brokerages, with the highest average usage time[71]. Asset Management - The total assets of the company's wholly-owned subsidiary, CMB Asset Management, were CNY 5.414 billion, with a net profit of CNY 404 million for the year[152]. - The total assets of CMB Futures, another wholly-owned subsidiary, were CNY 41.042 billion, with a net profit of CNY 361 million for the year[154]. - The total asset management scale of the company was 317.134 billion yuan, a year-on-year decrease of 34.36%[97]. Financial Stability - The company has a strong debt repayment capability, with no overdue debts and a liquidity risk that is controllable[163]. - The company has established a comprehensive liquidity management system to ensure sufficient funds for business operations and to manage cash flow under stress conditions[164].