Industrial Securities(SH:601377)2023-04-21 16:00Financial Performance - The company's operating revenue for 2022 was ¥10,659,638,031.35, a decrease of 43.81% compared to ¥18,972,168,754.91 in 2021[48]. - The net profit attributable to shareholders of the parent company was ¥2,637,075,791.20, down 44.40% from ¥4,743,070,343.36 in the previous year[48]. - The company's total revenue for 2022 was $10.66 billion, a decrease of 43.81% compared to $18.97 billion in 2021[59]. - Net profit for 2022 was $3.34 billion, down 42.91% from $5.86 billion in 2021[59]. - The company's net profit for 2022 was CNY 2.01 billion, a decrease of 32.33% from CNY 2.98 billion in 2021[62]. - The company's operating income decreased by 29.71% to CNY 6.31 billion in 2022, down from CNY 8.98 billion in 2021[62]. - The company's investment income dropped by 70.13% to CNY 688 million in 2022, down from CNY 2.30 billion in 2021[62]. - The company's cash and cash equivalents increased by 20.19% to $80.35 billion from $66.85 billion in the previous year[58]. Capital and Assets - The registered capital increased to ¥8,635,987,294.00 from ¥6,696,671,674.00 year-over-year, representing a growth of approximately 29.0%[23]. - The net capital rose to ¥30,283,508,440.91, up from ¥25,830,570,775.16, indicating an increase of about 17.9%[23]. - Total assets at the end of 2022 reached ¥245,859,297,720.46, reflecting a 13.06% increase from ¥217,463,340,970.96 at the end of 2021[48]. - The company's total assets grew by 13.06% to $245.86 billion, compared to $217.46 billion in 2021[59]. - The company's equity attributable to shareholders rose by 26.89% to $52.26 billion from $41.19 billion in 2021[58]. Business Operations and Services - The company served nearly 330 enterprises, facilitating direct financing exceeding CNY 9,500 billion, a 24% increase from the previous year[15]. - The company is actively involved in various financial services, including securities brokerage, investment consulting, and asset management, showcasing its diversified business model[25]. - The company has a total of 55 business qualifications, reflecting its comprehensive service offerings in the financial sector[26]. - The company has established a charity foundation, indicating a commitment to social responsibility[36]. - The company completed 18 main underwriting projects in the reporting period, with a total underwriting amount of 27.654 billion yuan, ranking 11th in the industry[93]. Risk Management - The company emphasizes the importance of risk management and has detailed potential risks in its report[6]. - The company has established a comprehensive risk management system that includes a reliable IT system and a quantitative risk indicator system, covering all types of risks across its operations[166]. - The company faces liquidity risk due to increasing business leverage and asset-liability mismatches, but has established a liquidity risk limit and early warning indicator system to monitor and manage this risk[174]. - The company has implemented a strict credit risk management system for brokerage and bond investment activities, with no major credit risk events reported during the reporting period[177][178]. Strategic Initiatives - The company plans to continue focusing on high-quality development and expanding its strategic partnerships, with a steady increase in the number of strategic partners[13]. - The company aims to leverage the new development pattern and enhance its service capabilities in the capital market to support economic growth[16]. - The company is committed to achieving carbon neutrality in operations by 2022, aligning with its green finance initiatives[15]. - The company is actively exploring opportunities in pension products and public REITs business in 2023[78]. Market Position and Recognition - The company was awarded the "Best Private Custodian Securities Firm" by China Fund News in 2022[87]. - The company’s research service business was recognized as the "Best Local Research Team" in the 20th New Fortune Best Analyst Awards, ranking 4th[84]. - The company has cultivated over 826 specialized and innovative enterprises in Fujian to enhance the quality of listed companies[99]. Future Outlook - For 2023, the company plans to enhance customer service capabilities and strengthen business development, focusing on comprehensive breakthroughs and financial technology improvements[165]. - The company aims to expand its product line and enhance service professionalism in the asset management sector in 2023[74]. - The company plans to enhance its wealth management service ecosystem in 2023, focusing on customer scale and quality improvement[71].