Apex(SH:603383)2022-04-11 16:00Financial Performance - The company's operating revenue for 2021 was ¥502,930,934.17, representing a 43.68% increase compared to ¥350,026,640.26 in 2020[21]. - Net profit attributable to shareholders for 2021 was ¥137,425,729.91, a 26.65% increase from ¥108,507,705.85 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥124,910,838.00, up 37.07% from ¥91,127,147.07 in 2020[21]. - The company's total assets increased by 10.17% to ¥1,631,232,278.90 at the end of 2021, compared to ¥1,480,679,992.46 at the end of 2020[21]. - Basic earnings per share for 2021 were ¥0.8168, a 26.11% increase from ¥0.6477 in 2020[21]. - The weighted average return on net assets increased by 1.84 percentage points to 11.34% in 2021, compared to 9.50% in 2020[21]. - The net cash flow from operating activities for 2021 was ¥146,868,923.22, a decrease of 9.32% from ¥161,969,594.04 in 2020[21]. - The company achieved total revenue of 502.93 million yuan, an increase of 43.68% year-over-year, and a net profit attributable to shareholders of 137.43 million yuan, up 26.65% year-over-year[29]. Dividend Policy - The company plans to distribute a cash dividend of 5.5 RMB per 10 shares, totaling approximately 94 million RMB, which represents 68.41% of the net profit attributable to shareholders for the year 2021[6]. - The company distributed a cash dividend of 4 RMB per 10 shares, totaling 67,300,206.40 RMB based on a total share capital of 168,250,516 shares[108]. - The company’s cash dividend policy is in compliance with relevant laws and regulations, ensuring the protection of minority shareholders' rights[108]. - The company maintains a high cash dividend payout ratio, consistently returning profits to investors since its listing[120]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[4]. - The company has established a robust corporate governance structure, including a board of directors with 8 members, of which 3 are independent directors, ensuring compliance with legal requirements[75]. - The company has implemented internal control systems that are effectively executed, with timely disclosures of internal control evaluation and audit reports[77]. - The company held its annual general meeting on May 13, 2021, where several key resolutions were passed, including the approval of the 2020 annual financial report and profit distribution plan[78]. - The company conducted a board and supervisory committee election during the reporting period, with new appointments made on May 13, 2021[92]. - The company has a stable management team with no significant changes in shareholding among key executives during the reporting period[83]. Risk Management - The company has outlined potential risks in its report, which are detailed in the "Management Discussion and Analysis" section[7]. - The company recognizes the risk of intensified competition in the financial technology sector due to evolving internet technologies and increasing user demands[70]. - The company faces significant risks related to the demand for financial IT talent, which has been increasing rapidly due to the growth of fintech, potentially impacting human resources[73]. - There are compliance risks associated with clients; if clients face penalties or if the company's software services are suspended, it could adversely affect operations[73]. - The company has been enjoying tax incentives during the reporting period, but future non-compliance with tax incentive conditions could negatively impact performance[73]. Research and Development - Research and development expenses rose to CNY 123.44 million, up 39.10% from the previous year, indicating increased investment in innovation[44]. - The company launched the A5 trading system, which is the first fully operational distributed core trading system in the securities industry, and received the "2020 Financial Technology Development Award" from the People's Bank of China[29]. - The company established a new R&D center in Xi'an and enhanced its technology centers in Shanghai, Beijing, and Shenzhen to improve local service capabilities[29]. - The company’s new generation of agile data technology development platform, LiveDOP, was launched to enhance data processing across various financial sectors[29]. - The company has committed to enhancing its research and development in core technologies such as big data, artificial intelligence, and blockchain to drive innovation in financial technology[69]. Employee and Management Compensation - The total pre-tax compensation for all directors and supervisors during the reporting period amounted to 6,322,900 CNY[86]. - The company has a performance-based remuneration structure for senior management, which includes both base salary and performance pay[90]. - The company has established a performance evaluation mechanism for senior management based on annual operational performance and industry salary benchmarks[113]. - The company granted 24,000 restricted stock units to the CFO during the reporting period, with a grant price of 15.11 CNY per share[112]. - The company has implemented a stock incentive plan, with specific conditions for the release of restricted shares[170]. Wealth Management - The company has entrusted a total of 6,000.00 million RMB in bank wealth management products with a floating return rate of 3.05%[148]. - The expected return from the entrusted wealth management products is 45.62 million RMB, with actual returns matching expectations[154]. - The company has engaged in multiple wealth management products with a total amount of 10,000.00 million RMB, achieving a fixed return of 3.80%[151]. - The company has successfully recovered all principal amounts from its wealth management investments, confirming compliance with legal procedures[150]. - The company plans to continue its wealth management strategy, indicating potential future investments[148]. Social Responsibility - The company donated a total of 300,000 yuan to local universities and poverty alleviation efforts in 2021, including 200,000 yuan to Fuzhou University and 100,000 yuan to Fujian Normal University[122]. - The company has a long-term commitment to social responsibility, continuing its support for local education and poverty alleviation initiatives[122]. - The company actively organizes health and recreational activities for employees to enhance their well-being and work-life balance[122]. - The company has established a fitness facility and regularly hosts sports competitions to promote physical health among employees[122]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, ensuring the accuracy and completeness of the financial report[5]. - The audit committee confirmed that the related party transactions for 2021 complied with relevant laws and regulations, ensuring fairness and transparency[98]. - The financial statements for the year ended December 31, 2021, have been audited and are available for review[177]. - The audit identified key audit matters, including revenue recognition and the confirmation of wealth management and asset management products[180].