SEALAND SECURITIES(SZ:000750)2021-03-19 16:00Financial Performance - The company reported a total revenue of 1.5 billion in 2020, representing a year-over-year growth of 15%[25]. - The company reported a total revenue of 55 million in the fiscal year 2020, reflecting a year-over-year increase of 10%[26]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a year-over-year growth of 15%[32]. - The company’s total revenue for 2020 was approximately ¥4.48 billion, representing a 25.89% increase compared to ¥3.56 billion in 2019[33]. - Net profit attributable to shareholders was ¥725.38 million, a 48.73% increase from ¥487.72 million in the previous year[33]. - The net profit excluding non-recurring gains and losses was ¥721.10 million, up 50.37% from ¥479.55 million in 2019[33]. - The company reported a net profit margin of 18%, which is an improvement from the previous year's margin of 15%[26]. - The company’s net profit for 2020 was CNY 624,900,593.25, after accounting for statutory surplus reserves and risk provisions[146]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares, totaling 653,343,061.68 RMB, with remaining undistributed profits of 545,625,247.80 RMB carried forward to the next year[2]. - The cash dividend for 2020 represents 90.07% of the net profit attributable to ordinary shareholders, which was CNY 725,376,273.77[145]. - The cash dividend amount for 2019 was CNY 190,558,326.71, accounting for 39.07% of the net profit of CNY 487,716,781.47[145]. - The cash dividend amount for 2018 was CNY 84,310,839.44, which exceeded the net profit of CNY 73,142,828.57, resulting in a payout ratio of 115.27%[145]. - The company has maintained a consistent cash dividend policy over the past three years, with increasing amounts distributed each year[145]. Capital Structure and Financing - The company's registered capital is 5,444,525,514 RMB, and the net capital stands at 14,963,897,268.94 RMB[8]. - The company reported a registered capital increase to CNY 5,444,525,514 after a rights issue of 1,228,983,542 shares at a ratio of 3 shares for every 10 held[17]. - The company completed a share placement in January 2020, increasing the total share capital from 4.22 billion shares to 5.44 billion shares[35]. - The company issued subordinated bonds amounting to 840 million yuan, a decrease of 35 million yuan compared to the end of the previous year, contributing to its net capital adequacy[136]. - The company completed the issuance of subordinated bonds (Phase 1) on March 23, 2020, with a scale of RMB 1.2 billion[193]. - The company completed the issuance of non-public corporate bonds (Phase 1) on April 28, 2020, with a scale of RMB 1.2 billion[193]. - The company completed the issuance of non-public corporate bonds (Phase 2) on August 19, 2020, with a scale of RMB 1.25 billion[193]. - The company completed the issuance of non-public corporate bonds (Phase 3) on November 11, 2020, with a scale of RMB 1.5 billion[193]. Risk Management - The company faces various risks including market risk, credit risk, liquidity risk, operational risk, reputation risk, money laundering risk, and subsidiary risk, and has established an internal control and risk management system[7]. - The company has established a risk management department to enhance its operational stability and compliance[19]. - The company has implemented a comprehensive risk management framework, establishing a four-tier risk management organizational system to cover all types of risks, including market, credit, operational, liquidity, and reputational risks[137]. - The company has established a comprehensive risk management system, including a risk control committee and specialized risk management departments, to ensure centralized and unified management of risks[131]. - The company has developed a liquidity risk management framework centered on LCR and NSFR, ensuring timely liquidity needs are met at reasonable costs[133]. Business Operations and Strategy - The company has maintained its main business in the capital market services sector since its listing on August 9, 2011, with no changes in its primary operations[12]. - The company operates in various financial services including securities brokerage, investment consulting, and asset management[12]. - The company has expanded its operational capabilities through various qualifications, including options settlement and stock pledge repurchase trading qualifications[14]. - Future growth strategies include market expansion and potential mergers and acquisitions to strengthen the company's competitive position[21]. - The company is focused on enhancing its technological capabilities and product offerings to better serve its clients[21]. Market Presence and Expansion - The company has a total of 14 branch offices across various regions, including Beijing, Shanghai, and Shenzhen, enhancing its market presence[20]. - The company has expanded its market presence by establishing new branches in various regions, including Henan, Hunan, and Guizhou[21]. - The company is expanding its market presence by opening 10 new branches across key regions, aiming to enhance customer accessibility[32]. - The company is exploring new profit models through public and private fund advisory services and enhancing its product line[121]. Compliance and Governance - The company has committed to minimizing related party transactions and ensuring that unavoidable transactions are conducted at market prices and disclosed appropriately[148]. - The actual controller and shareholders of the company have committed to maintaining the independence of Guohai Securities, ensuring asset, financial, organizational, business, and personnel independence[148]. - The company has confirmed that it will not engage in any actions that could harm the legitimate rights and interests of Guohai Securities and its shareholders[149]. - The company has established a risk information reporting mechanism to monitor subsidiary risk statuses regularly and ensure effective risk management across all business lines[137]. Legal Matters - The company is involved in ongoing litigation related to the default of Jiangsu Zhonglian Logistics Co., with no expected liabilities arising from this case[164]. - The company has ongoing litigation regarding the breach of stock pledge agreements, with amounts involved including RMB 5.9 million and RMB 9.9 million for different agreements[165]. - The company has successfully applied for the enforcement of a court ruling to recover CNY 29 million worth of assets from a defendant in a stock pledge dispute[169]. - The company has reported that certain litigation matters do not form expected liabilities, indicating a potential positive outlook on financial impacts from these disputes[166]. Research and Development - The company invested 100 million in R&D for new technologies, focusing on AI and machine learning advancements[25]. - The company is investing 2 million in research and development for new technologies aimed at enhancing user experience[26]. - Research and development investments increased by 25%, focusing on advanced analytics and AI technologies to improve service efficiency[32]. Social Responsibility - The company donated a total of 5 million yuan to support the fight against COVID-19, including 2 million yuan to Hubei Province[191]. - The company invested 52.73 million yuan in poverty alleviation efforts, helping 6 registered impoverished individuals escape poverty[189].