NSC(SH:601990)2021-04-28 16:00Financial Performance - The proposed cash dividend for 2020 is CNY 1.3 per 10 shares, totaling CNY 479,226,934.42, which accounts for 59.19% of the net profit attributable to shareholders[5]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2020, representing a year-over-year increase of 10%[33]. - The net profit attributable to shareholders of the parent company for 2020 was CNY 809,594,147.08, a 14.06% increase from CNY 709,811,700.41 in 2019[39]. - The company reported a net profit margin of 25%, maintaining strong profitability despite market challenges[33]. - The company's operating revenue for 2020 was CNY 2,365,296,802.01, representing a 7.43% increase compared to CNY 2,201,777,265.63 in 2019[39]. - The net profit for the year was CNY 815,104,051.82, representing a 13.98% increase compared to the previous year[48]. - The company reported a significant increase in non-operating income, which reached CNY 6,738,576.99, up 61.67% from the previous year[48]. - The company reported a net cash flow from operating activities of -CNY 4,630,318,154.69 for 2020, a decrease of 576.10% compared to CNY 972,557,930.40 in 2019[39]. - The basic earnings per share for 2020 was CNY 0.24, a 9.09% increase from CNY 0.22 in 2019[40]. Capital Structure and Shareholder Information - The registered capital increased to CNY 3,686,361,034 due to a non-public issuance of 387,537,630 new shares during the reporting period[13]. - The total number of shares as of December 31, 2020, was 3,686,361,034[5]. - The company has a total of 30,000 million CNY registered capital after its transformation into a joint-stock company in September 2012[29]. - The company’s total share capital as of December 31, 2020, was 3,686,361,034 shares[110]. - The top shareholder, Nanjing Zijin Investment Group, holds 921,952,751 shares, representing 25.01% of total shares[157]. - The number of ordinary shareholders increased from 178,234 to 196,181 during the reporting period[158]. - The company has a significant shareholder, Nanjing Zijin Investment Group Co., Ltd., holding 895,380,564 shares, which will become tradable on June 13, 2021[160]. - The company has no foreign capital shares listed domestically or abroad[147]. Business Operations and Market Position - The company operates in various sectors including securities brokerage, investment consulting, and asset management, with multiple qualifications obtained since 2002[13]. - The company has a diversified business model including securities brokerage, self-investment, investment banking, and asset management[51]. - The company is focused on expanding its capital strength and diversifying its business in response to increasing competition and declining commission rates in the securities industry[87]. - The company is actively pursuing digital transformation and financial technology innovation to enhance business development and adapt to market competition[87]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with complementary services valued at around 500 million RMB[33]. - The company plans to expand its market presence with new branch offices established in various regions, including Jiangxi and Zhejiang[36]. - The company aims to become a leading modern investment bank in China, focusing on market-oriented, professional, and customer-centric reforms and innovations[88]. Risk Management and Compliance - The company emphasizes that its performance is highly correlated with macroeconomic conditions and capital market trends, facing risks such as policy, market, credit, liquidity, and operational risks[8]. - The company has strengthened its compliance and risk management systems, ensuring stable and sustainable development[56]. - The company has established a comprehensive risk management system that includes quantifiable risk indicators and a professional talent team to address various risk factors such as policy, credit, liquidity, market, and operational risks[91]. - The company is managing credit risk through enhanced client credit management and due diligence processes, ensuring thorough risk assessments before transactions[94]. - The company is implementing measures to control policy risks by strengthening governance and compliance management to adapt to new regulatory environments[94]. Future Outlook and Strategic Initiatives - The company provided a forward guidance of 5% revenue growth for the next fiscal year, projecting revenues to reach approximately 1.575 billion RMB[33]. - The company plans to enhance its digital platform, aiming for a 40% increase in online transactions by the end of the next fiscal year[192]. - The company is investing 100 million RMB in technology development to enhance its trading platform and improve user experience[33]. - The company is focused on maintaining a strong balance sheet while pursuing growth opportunities in the financial services sector[174]. - The company plans to continue its "One Company One County" poverty alleviation initiative, focusing on industry development and financial support for local enterprises[141]. Charitable Contributions and Social Responsibility - The company actively engaged in poverty alleviation efforts, contributing 8 million yuan for pandemic prevention and supporting local economic development[135]. - The company donated a total of 1.5 million RMB to various charitable causes, including 200,000 RMB to the civil affairs bureau in Suqian County for poverty alleviation efforts[137]. - The company has implemented a comprehensive poverty alleviation strategy, focusing on financial, industrial, and educational support[134]. - The company received the "Most Caring Charitable Donation Unit" award at the provincial level for its charitable contributions[140]. Audit and Governance - The company has received a standard unqualified audit report from Tianheng Accounting Firm[4]. - The company appointed Tianheng Accounting Firm as the auditor for the 2020 financial report, with an audit fee of 75 million[119]. - The board of directors is required to consider the opinions of independent directors and conduct thorough discussions before proposing any adjustments to the profit distribution policy[106]. - The company has a structured approach to governance with a clear decision-making process for remuneration[196]. - The company has not faced any penalties from securities regulatory agencies in the past three years[200].