BOCIC(SH:601696)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was ¥2,959,272,536.57, a decrease of 11.23% compared to ¥3,333,518,749.21 in 2021[34]. - The net profit attributable to shareholders for 2022 was ¥807,725,075.62, down 16.00% from ¥961,625,314.57 in 2021[34]. - The total assets at the end of 2022 amounted to ¥64,331,348,266.30, reflecting a 2.65% increase from ¥62,672,287,069.09 in 2021[34]. - The total liabilities at the end of 2022 were ¥47,919,497,419.30, which is a 2.04% increase from ¥46,963,297,005.97 in 2021[34]. - The basic earnings per share for 2022 was ¥0.29, a decrease of 17.14% compared to ¥0.35 in 2021[36]. - The total comprehensive income for 2022 was ¥764.84 million, down 6.37% from ¥816.90 million in 2021[46]. - The company's net profit decreased by 15.81% to ¥810,867,521.87 compared to ¥963,134,520.80 in the previous year[44]. - The company's total comprehensive income decreased by 17.28% to ¥802,868,783.88 from ¥970,622,643.01[44]. Capital and Dividends - The company plans to distribute a cash dividend of 0.30 RMB per 10 shares, totaling 83,340,000 RMB based on a total share capital of 2.778 billion shares as of December 31, 2022[4]. - The registered capital of the company increased from CNY 1,979,166,666.66 to CNY 2,500,000,000.00 after a capital reserve transfer in November 2014[25]. - The company completed its initial public offering of 278,000,000 shares in February 2020, raising its registered capital to CNY 2,778,000,000[25]. Risk Management - The company is exposed to various risks including market risk, credit risk, operational risk, liquidity risk, and reputational risk, which are detailed in the management discussion section[6]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and plans[5]. - A comprehensive risk management system has been established, including operational management policies, organizational structure, and reliable information technology systems to monitor and control risks[118][119][120]. - The company has implemented a three-line defense internal control system to manage and control risks effectively, involving business departments, compliance, and audit functions[120]. - The company has established a liquidity risk management framework and has maintained good overall fund management, ensuring timely repayment of due liabilities during the reporting period[129]. Regulatory Compliance - The company has received standard unqualified audit opinions from PwC Zhong Tian Certified Public Accountants for the financial statements[3]. - The company has a strong regulatory compliance framework, evidenced by multiple approvals from the China Securities Regulatory Commission for its business operations[18]. - The company has established a comprehensive internal control system to mitigate risks and ensure compliance, which is effective as of December 31, 2022[192]. - The compliance management system has been effectively executed, leading to an overall improvement in compliance capabilities[199]. Operational Developments - The company has received approval for various securities asset management and brokerage services, enhancing its operational capabilities in the market[14]. - The company is now qualified to conduct private fund comprehensive custody services, expanding its service offerings to clients[15]. - The company has been authorized to engage in stock pledge repurchase transactions, which will improve its liquidity management[14]. - The company has been granted permission to operate in the Hong Kong Stock Connect business, allowing access to a broader investor base[15]. - The company has successfully become a member of the China Securities Association, strengthening its industry presence[15]. Human Resources and Governance - The total number of employees in the parent company and major subsidiaries is 3,114, with 2,968 in the parent company and 146 in major subsidiaries[180]. - The company has a total of 34 retired employees for whom it bears expenses[180]. - The company employs 990 marketing personnel, 930 brokerage personnel, and 202 asset management personnel, indicating a strong focus on sales and asset management[180]. - The company has established a robust corporate governance structure, ensuring clear responsibilities among its decision-making bodies[137]. - The board of directors has set up specialized committees to enhance decision-making objectivity and scientificity[137]. Future Outlook - The company plans to enhance its support for technology innovation and green development in 2023, focusing on service to the real economy[52]. - The company aims to strengthen its traditional advantages in financial bond business and continue to innovate in response to national policies in 2023[55]. - The company plans to continue focusing on high-quality development and improving risk compliance and control capabilities in 2023[67]. - The company is committed to enhancing its wealth management services through digital platforms and investment advisory teams[77]. - The company aims to improve operational efficiency, targeting a 10% reduction in costs through process optimization and automation[148].