SCS(SH:601555)2023-04-28 16:00Financial Performance - Total revenue for 2022 reached CNY 10,485,698,668.78, an increase of 13.41% compared to CNY 9,245,491,796.09 in 2021[35] - Net profit attributable to shareholders decreased by 27.45% to CNY 1,735,237,325.72 from CNY 2,391,778,941.16 in the previous year[35] - Net cash flow from operating activities surged by 140.38% to CNY 23,143,136,487.12, compared to CNY 9,627,918,540.40 in 2021[35] - Total assets increased by 9.36% to CNY 135,957,055,953.88 at the end of 2022, up from CNY 124,318,246,308.15 in 2021[35] - The company's basic earnings per share fell by 40.68% to CNY 0.35 from CNY 0.59 in 2021[36] - The weighted average return on equity decreased by 3.80 percentage points to 4.62% from 8.42% in the previous year[36] - Net profit for 2022 was CNY 1,739,367,414.57, a decrease of 27.90% from CNY 2,412,466,209.44 in 2021[43] - The total assets increased by 9.36% to CNY 135,957,055,953.88 in 2022 from CNY 124,318,246,308.15 in 2021[43] - The company's interest income rose by 66.56% to CNY 1,210,247,121.21 in 2022 compared to CNY 726,615,014.99 in 2021[43] - The company's total operating expenses increased by 37.91% to CNY 8,279,100,312.35 in 2022 from CNY 6,003,417,357.99 in 2021[43] Dividend Distribution - The company plans to distribute a cash dividend of 1.58 RMB per 10 shares, totaling approximately 785 million RMB, which represents 45.24% of the net profit attributable to the parent company[4] - The cash dividend distribution for 2022 is based on a share base of 496.9 million shares after deducting repurchased shares[138] Capital Structure and Investments - The registered capital of the company remains at 5,007,502,651 RMB, with net capital reported at 25,885,706,023.54 RMB as of the end of the reporting period[13] - The registered capital of Dongwu Securities increased to RMB 5,007,502,651 after the issuance of 1,126,983,743 shares in December 2021[20] - The company completed a non-public offering of 30,000 million shares in January 2016, raising its registered capital to RMB 30 billion[20] - The company holds a 70% stake in Dongwu Fund Management Co., Ltd., which has a registered capital of RMB 10 million[25] - Dongwu Futures Co., Ltd. has a registered capital of RMB 103,180 million and is 80.66% owned by Dongwu Securities[27] - The company has expanded its international presence with the establishment of Dongwu Securities (Singapore) Pte. Ltd. in August 2015, with a registered capital of SGD 60 million[30] - The company’s total assets reached 10 billion RMB, reflecting a 10% increase from the previous year[113] Risk Management - The company emphasizes the importance of compliance and risk control, identifying policy, market, credit, operational, and liquidity risks as key challenges[87][90] - The company has established a comprehensive risk management system with a four-tier structure, including a risk control committee and a chief risk officer[93] - The risk management framework includes specific measures for market risk control, such as limit management and securities pool management, to mitigate potential losses[96] - The company conducts regular assessments of market risk status and risk tolerance through performance analysis and stress testing[96] - The company has implemented a risk control indicator system, including risk appetite, tolerance, and limits, to ensure effective risk management across various business lines[94] Corporate Governance - The company has established a comprehensive governance structure to ensure independent operations in business, personnel, assets, and finance[106] - The company has made significant progress in enhancing its financial technology infrastructure and digital platform construction[103] - The company has a performance assessment system that considers various factors, including compliance and social responsibility, in determining senior management bonuses[119] - The board of directors held a total of 8 meetings during the year, with all 56 proposals passed[121] - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[120] Market Expansion and Strategy - The company is actively pursuing market expansion and innovation in its product offerings to enhance competitiveness[58] - The company is focusing on expanding its market presence and enhancing its service offerings to improve customer engagement and satisfaction[110] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service portfolio[110] - The company plans to enhance its investment banking capabilities in response to the comprehensive implementation of the registration system, aiming to improve underwriting, pricing, and sales capabilities[82] Social Responsibility and Community Engagement - The company invested a total of 36.59 million yuan in charitable projects, benefiting 20,000 individuals[154] - The company allocated 6.4 million yuan for the "Beautiful Home" charity project, focusing on rural revitalization in 10 districts of Suzhou[157] - A total of 734,000 yuan was donated to support community health initiatives, including 200,000 yuan for hospital construction projects[158] - The company invested 7.4999 million yuan in poverty alleviation projects across five regions, impacting approximately 10,000 people[163] Legal Matters - The company is pursuing a civil lawsuit against Wuxi Zhongzhu Group for a total of CNY 269.26 million in principal and related fees, with ongoing execution proceedings after a partial settlement[176] - The company is involved in a lawsuit against Zhang Xi and others for a total of CNY 180.4 million in principal and related fees, with the case currently awaiting judgment[176] - The company is seeking CNY 50 million in principal and related fees from Fugui Bird Co., with arbitration proceedings ongoing since October 2018[178] Technology and Innovation - The company has invested significantly in information technology to support digital transformation and enhance service capabilities[58] - The company is focusing on digital transformation projects, including a new generation trading system and a one-stop wealth management platform, aiming to enhance business efficiency and customer service[103] - Research and development investments increased by 25%, focusing on digital transformation and AI technologies[112]