2022-03-30 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.00 per share to shareholders, totaling RMB 2,503,994,456.00, based on a total share capital of 25,039,944,560 shares as of December 31, 2021[4]. - The company's retained earnings after the dividend distribution will be RMB 438,572,989.61, which will be carried forward to the next fiscal year[4]. - The board of directors has approved the annual profit distribution plan, which is subject to shareholder meeting approval[4]. Financial Performance - The company's operating revenue for 2021 was RMB 34,307,428,053.23, representing a 16.66% increase from RMB 29,409,186,016.58 in 2020[39]. - The net profit attributable to shareholders for 2021 was RMB 9,398,369,399.70, a 21.02% increase compared to RMB 7,766,174,742.43 in 2020[39]. - The total assets at the end of 2021 amounted to RMB 601,011,467,253.09, reflecting a 22.37% increase from RMB 491,124,275,720.23 at the end of 2020[39]. - The total liabilities at the end of 2021 were RMB 493,956,873,232.83, which is a 23.17% increase from RMB 401,033,686,262.09 at the end of 2020[39]. - The basic earnings per share for 2021 was RMB 0.38, up 22.58% from RMB 0.31 in 2020[39]. - The weighted average return on equity for 2021 was 10.26%, an increase of 1.21 percentage points from 9.05% in 2020[39]. Risk Management - The company emphasizes the importance of understanding various risks, including market, credit, liquidity, operational, policy, legal compliance, and product/innovation risks, as detailed in the management discussion and analysis section[4]. - The company faces significant risks including market, credit, liquidity, operational, policy, legal compliance, and innovation risks[198]. - The company has established a risk control indicator system focusing on market risk, with a Value at Risk (VaR) of RMB 139 million for its proprietary investment business[199]. Business Operations - The company has maintained its main business operations since its listing, focusing on investment management, equity investment, and securities services[25]. - Shenwan Hongyuan Group operates through three subsidiaries providing various securities services[25]. - The company has a comprehensive range of qualifications, including securities investment consulting and fund sales services[26]. - The company has been actively involved in market expansion and diversification of financial services[26]. - The company operates a diversified financial service model, including corporate finance, personal finance, institutional services, and investment management, with a focus on investment banking and principal investment[57]. Awards and Recognition - The company received multiple awards for its performance, including recognition as an A-class underwriter for corporate bonds and accolades for digital transformation in the financial sector[61]. - The company was recognized as the "Best Investment Bank" in the 2021 New Fortune Investment Bank Rankings[64]. - The company ranked 3rd in the "Best Research Institution" category at the 15th Sell-Side Analyst Crystal Ball Awards[65]. - The company achieved the "Best Financial Futures Service Award" from Futures Daily and Securities Times[65]. - The company was awarded the "Best Asset Management Product" by Futures Daily and Securities Times[65]. Investment and Financing - The company has invested RMB 23 billion in principal investments, focusing on debt investment and direct equity investment[187]. - The company plans to use approximately 30% of the raised funds for principal investments and 20% for further developing international business[185]. - The company provided financing support of over RMB 20 billion to small and micro enterprises[82]. - The company aims to enhance its investment business by integrating it with securities operations, focusing on the Sci-Tech Innovation Board and Growth Enterprise Market[83]. Cash Flow and Expenses - Cash inflow from operating activities totaled RMB 98.04 billion, a 13.05% increase from 2020, while cash outflow increased by 32.92% to RMB 138.86 billion[151]. - Total operating expenses for 2021 were RMB 23.18 billion, a year-over-year increase of 15.76%[148]. - Business and management expenses rose to RMB 10.73 billion, representing a 19.75% increase year-over-year[150]. Future Plans - The company plans to enhance its capital layout and financial technology layout in 2022 to optimize client and business structures[93]. - The company aims to transform from pure product sales to asset allocation services, enhancing resource integration and product research capabilities in 2022[103]. - The company plans to enhance its quantitative strategy development and expand its swap business in 2022, aiming to become a leading financial derivatives service provider[125]. - The company aims to establish a dedicated asset management subsidiary in 2022 to further improve its research and investment management systems[130]. Market Environment - The regulatory environment in 2021 emphasized a "registration system" reform, which is expected to increase the proportion of direct financing and expand the IPO market for securities firms[54]. - The wealth management market in China has surpassed ¥200 trillion, becoming the second-largest globally[52]. - The company recognizes the increasing competition in the securities industry and aims to enhance its overall strength to adapt to market changes[197].