Zheshang Securities(SH:601878)2022-03-24 16:00Financial Performance - In 2021, the company achieved a net profit of RMB 1,829,887,821.86, with a year-on-year growth of 34.94%[4] - The total operating revenue for 2021 was RMB 16.418 billion, representing a year-on-year increase of 54.36%[9] - The company will not proceed with the 2021 profit distribution plan until after the issuance of convertible bonds is completed[4] - The company reported a total revenue of 1.2 billion in 2021, representing a year-over-year growth of 15%[53] - The company achieved a significant increase in other business income, which rose by 34.79% to ¥14,354,312.96 in 2021[76] - The company reported a net profit margin of 30% for 2021, an increase from 28% in 2020[23] - The company’s total liabilities increased by 38.70% due to an increase in payable monetary guarantees[145] - The company’s investment income decreased by 16.39% to ¥1,770,298,273.93 from ¥2,117,320,763.78 in 2020[73] Business Expansion and Strategy - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming year[59] - Zhejiang Securities plans to expand its market presence by opening 10 new branches in key cities across China in 2022[22] - The company is actively pursuing new business qualifications and licenses to enhance its service portfolio and market presence[19] - The company aims to increase its digital marketing budget by 30% to boost user engagement and retention[54] - The company is focused on developing new technologies to enhance its service offerings and improve customer experience[52] - The company is exploring partnerships with fintech startups to drive innovation and expand service capabilities[195] Risk Management - The company emphasizes the importance of risk management, highlighting potential risks including policy, liquidity, market, credit, and operational risks[7] - The company has established a comprehensive risk management system, focusing on dynamic optimization and continuous improvement of risk control measures[128] - The company faces various risks including policy, compliance, liquidity, and market risks, which could adversely affect its operations[165] - The company has established a liquidity reserve to mitigate liquidity risks and strengthen cash flow management[170] Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board to ensure effective decision-making and oversight[41] - The company is committed to building a compliance management system that covers all business areas and key processes, enhancing its compliance capabilities[128] - The company has implemented a strict insider information management system to prevent insider trading and ensure proper information disclosure[179] - The company maintains complete independence in its assets, with no reliance on the controlling shareholder for operations or asset management[180] Investment and Asset Management - The company has invested in over 430 technology-driven innovative enterprises, covering sectors such as healthcare, AI, and advanced manufacturing by the end of 2021[108] - The company’s asset management business received the "2021 Golden Bull Growth Securities Collective Asset Manager" award, highlighting its strong performance in a challenging market[125] - The actively managed asset scale reached CNY 864.88 billion, accounting for 80.84% of the total, representing a year-on-year increase of approximately 17.04%[102] - The company completed 14 equity underwriting projects in 2021, with a total underwriting amount of 10.630 billion yuan, including 8 IPO projects totaling 3.103 billion yuan[95] Research and Development - The research team covered 509 listed companies and produced 3,527 research reports in 2021, a 70% increase from the previous year[115] - The company plans to strengthen its overseas research capabilities and enhance its digital service and management levels in 2022[119] - Research and development investments have increased by 30%, focusing on advanced analytics and AI technologies[194] User Engagement and Market Presence - User data indicates an increase in active users by 20% year-over-year, reaching 5 million users[54] - The company is expanding its market presence, targeting a 10% increase in market share in the next year[194] - The company has a diverse range of branch locations, including urban centers and developing regions, which may contribute to its growth strategy[56] Financial Health and Stability - The company’s net capital at the end of the reporting period was ¥21,045,733,241.05, an increase from ¥18,315,126,297.54 at the end of the previous year, reflecting a growth of approximately 9.46%[63] - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[194] - The company’s total assets increased significantly, with cash and cash equivalents showing a notable rise[71] Remuneration and Management Structure - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 19.8245 million yuan[200] - The company has established a comprehensive remuneration management system based on national enterprise remuneration management regulations and relevant securities company remuneration management provisions[199] - The company’s board of directors is responsible for determining the remuneration of senior management personnel[199]