天茂集团(000627) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥49,583,190,777.91, representing a 20.35% increase from ¥41,200,410,695.35 in 2020[21] - The net profit attributable to shareholders for 2021 was ¥470,713,660.35, a decrease of 18.88% compared to ¥580,292,292.66 in 2020[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥448,641,556.40, which is a 2.52% increase from ¥437,601,828.29 in 2020[21] - The basic earnings per share for 2021 was ¥0.10, a decrease of 16.67% from ¥0.12 in 2020[21] - The net profit for 2021 was RMB 848.77 million, a decrease of 23.56% from RMB 1,110.32 million in 2020[38] - The company reported a significant increase in earned premiums, totaling RMB 37,383.85 million, which is a 29.38% increase year-on-year[76] - The company achieved a total premium income of RMB 456.71 billion in 2021, representing a year-on-year growth of 3.03%[41] - The new policy premium for 2021 was RMB 279.06 billion, with a significant increase of 62.04% in the bancassurance channel[44] - The renewal premium reached RMB 177.65 billion, showing an 18.25% increase compared to the previous year[41] Cash Flow and Assets - The net cash flow from operating activities was ¥4,172,608,401.49, down 80.52% from ¥21,421,088,420.00 in 2020[21] - The total assets at the end of 2021 were ¥263,903,965,776.01, reflecting a 10.23% increase from ¥239,402,637,169.94 at the end of 2020[21] - The total assets of the company as of December 31, 2021, were RMB 257,226.94 million, reflecting a growth of 10.51% from RMB 232,771.61 million in 2020[40] - The company's total assets reached RMB 257.23 billion, with total investment assets increasing by 10.71% to RMB 227.92 billion[53] - The total amount of policyholder savings and investment funds reached ¥45,030,017,778.03, representing 17.06% of total assets, with a slight decrease from 17.08%[82] Investment and Risk Management - The company has established a comprehensive asset management capability, covering various investment areas including government bonds, corporate bonds, and real estate[35] - The company maintained a stable investment strategy, focusing on asset-liability matching and risk control throughout the investment process[53] - The company has established a comprehensive risk management system covering all business areas, with insurance, market, credit, operational, strategic, reputational, and liquidity risks all being controllable[99] - The company has implemented a complete investment risk management system, including upgraded risk assessment and control systems, to monitor market risks effectively[153] Governance and Management - The company has a stable governance structure and a strong management team, enhancing its long-term development capabilities[35] - The company has established an effective performance evaluation and incentive mechanism[107] - The board of directors is composed in accordance with legal requirements, ensuring efficient operation and scientific decision-making[107] - The company maintains a clear separation in assets, personnel, finance, and operations from its controlling shareholder[110] - The company has implemented a strict information disclosure policy, ensuring timely and accurate communication with investors[107] Subsidiaries and Expansion - The company established a new subsidiary, Guohua Xingyi Insurance Asset Management Co., Ltd., with an 80% ownership stake, expanding its operational footprint[74] - The company has established two new subsidiaries: Guohua Xingyi Insurance Asset Management Co., Ltd. and Shanghai Yuhua Dongtan Health Management Co., Ltd., with no significant impact on overall operations[93] Social Responsibility and Community Engagement - The company raised a total of 16,946.5 CNY in donations for poverty alleviation activities in July 2021, contributing to local community support[168] - The company received the "Golden Bridge Award for Outstanding Social Responsibility Enterprise" in November 2021, recognizing its commitment to social responsibility[168] Employee and Operational Efficiency - The total number of employees at the end of the reporting period is 2,239, with 2,232 from major subsidiaries[141] - The training coverage rate for employees reached 84% in 2021, with various training programs implemented to enhance employee capabilities[143] - The company is focused on enhancing its operational efficiency and strategic growth initiatives[118] Financial Controls and Compliance - The internal control system is comprehensive, covering 13 aspects including risk assessment, financial control, and information technology control[151] - The internal control audit report confirmed that the company maintains effective financial reporting controls in all significant aspects[159] - The company did not find any violations of the Corporate Governance Code or the Shenzhen Stock Exchange Listing Rules during its self-inspection, indicating compliance with regulatory requirements[161]