CGS(SH:601881)2022-03-30 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 3,142,550,214.67, which translates to RMB 3.10 per share based on a total share capital of 10,137,258,757 shares[3]. Risk Management - The company faces significant risks due to reliance on the overall economic and market conditions in China and other regions, with potential impacts from major fluctuations in capital markets[5]. - The company has implemented risk management strategies focusing on organizational structure, management mechanisms, and information technology to mitigate various risks[5]. - The company emphasizes the importance of compliance with national laws and regulations to avoid legal and compliance risks[5]. - The company is committed to optimizing business processes to control operational risks and manage market and credit risks effectively[5]. - The company’s overall risk management is effective, with no significant risks occurring during the reporting period[146]. - The group’s Value at Risk (VaR) is reported at RMB 145 million, indicating controlled market risk exposure[148]. - The average maintenance guarantee ratio for margin financing clients is 286%, while the average performance guarantee ratio for stock pledge repurchase clients is 355%, reflecting low credit risk[150]. - The company has established a liquidity risk indicator system, with sufficient high-quality liquid assets and reserves, ensuring liquidity risk remains controllable[151]. - The company has implemented a comprehensive operational risk management system, with no significant operational risk events reported during the period[152]. - The company has developed a robust cybersecurity management system, ensuring the stability and security of critical information technology systems[154]. - The company has established a comprehensive risk management framework, including risk preference, tolerance, and major risk limits to ensure effective implementation[163]. Financial Performance - The company’s total revenue for 2021 reached ¥35,983,985,285.28, representing a 51.52% increase compared to ¥23,749,151,575.19 in 2020[36]. - Net profit attributable to shareholders of the parent company was ¥10,430,238,562.65, a 43.99% increase from ¥7,243,654,385.20 in the previous year[36]. - The net cash flow from operating activities was ¥57,084,741,157.32, up 51.40% from ¥37,703,981,462.14 in 2020[36]. - Total assets at the end of 2021 were ¥560,135,032,623.76, a 25.67% increase from ¥445,730,215,827.42 at the end of 2020[37]. - Total liabilities increased by 26.79% to ¥461,156,981,445.01 from ¥363,722,158,087.51 in 2020[37]. - Basic earnings per share for 2021 were ¥0.97, reflecting a 36.62% increase from ¥0.71 in 2020[38]. - The weighted average return on equity rose to 12.29%, an increase of 2.45 percentage points from 9.84% in 2020[38]. Business Expansion and Qualifications - The company holds various qualifications, including being a member of both the Shanghai and Shenzhen Stock Exchanges, which enhances its operational capabilities[17]. - The company has expanded its business qualifications to include internet securities business pilot qualifications and private fund management qualifications[18]. - The company has established a comprehensive service framework for insurance institutional investors, indicating a strategic focus on diversifying its service offerings[19]. - The company is actively involved in cross-border business pilot qualifications, reflecting its commitment to expanding its market reach[19]. - The company has maintained a strong position in the market with various trading qualifications, including for gold spot contracts and crude oil futures[19]. - The company is focused on expanding its market presence and enhancing its product offerings through new technology development[1]. Corporate Governance - The company has established a comprehensive corporate governance structure to support its strategic development[27]. - The company has revised 17 governance documents to ensure compliance with legal and regulatory requirements, enhancing governance mechanisms[170]. - The company emphasizes timely and accurate information disclosure to protect investor rights and interests[171]. - The company has a clear organizational structure with distinct responsibilities among departments, independent from its controlling shareholders[173]. Shareholder Meetings and Management Changes - In 2021, the company held four shareholder meetings, including the annual meeting on June 29, where key reports and financial resolutions were approved[175]. - The company approved the issuance of A-share convertible bonds during the temporary shareholder meeting on October 19, 2021, to raise funds for future projects[176]. - The company has seen a significant turnover in its management team, with multiple executives leaving during the reporting period, including the Vice President and Chief Risk Officer[179]. - The company’s board of directors and supervisory board underwent a restructuring process during the annual general meeting[196]. Investment and Strategic Plans - The company plans to enhance multi-channel customer acquisition and develop ecological partnerships in 2022, focusing on comprehensive financial services[50]. - The company aims to optimize its credit business by increasing the supply of securities and expanding its professional client base in 2022[50]. - The company plans to expand its investment in strategic emerging industries and new infrastructure projects in line with the national "14th Five-Year Plan" strategy[81]. - The company aims to enhance its merger and acquisition capabilities and leverage state-owned enterprise integration opportunities in 2022[72]. - The company is committed to building a comprehensive financial service provider in the securities industry, focusing on wealth management and investment banking services[92]. Sustainability and Future Outlook - The company is committed to sustainability, with plans to invest $100 million in green technologies over the next five years[185]. - Future guidance indicates a commitment to sustainable practices, with a goal of reducing carbon emissions by J% over the next five years[181]. - The management team emphasized the importance of sustainability initiatives, aiming for a 30% reduction in carbon footprint by 2025[190].