Changjiang Securities(SZ:000783)2022-04-29 16:00Financial Performance - Total operating revenue for 2021 was ¥8,623,165,139.08, an increase of 10.78% compared to 2020[37]. - Net profit attributable to shareholders for 2021 was ¥2,409,539,473.91, representing a 15.54% increase from the previous year[37]. - Net profit after deducting non-recurring gains and losses for 2021 was ¥2,353,505,891.83, up 14.99% year-over-year[37]. - The net cash flow from operating activities for 2021 was ¥9,000,930,601.88, a significant increase of 300.07% compared to 2020[37]. - Total assets at the end of 2021 reached ¥159,665,458,593.41, an 18.79% increase from the end of 2020[37]. - Total liabilities at the end of 2021 were ¥128,690,793,942.10, reflecting a 22.38% increase from the previous year[37]. - The weighted average return on net assets for 2021 was 8.34%, an increase of 0.76 percentage points from 2020[37]. - The basic earnings per share for 2021 was ¥0.44, a 15.79% increase compared to ¥0.38 in 2020[37]. - The company reported a total of 247 business departments across various regions[33]. - The net assets attributable to shareholders of the listed company were 30.863 billion yuan, which is a 6.12% increase year-on-year[50]. Capital Structure and Shareholder Information - The company reported a total registered capital of CNY 5,529,467,678 and a net capital of CNY 27,430,744,034.99 as of December 31, 2021[7]. - The profit distribution plan includes a cash dividend of CNY 3.00 per 10 shares, amounting to a total cash dividend of CNY 1,658,985,148.80 based on the total share capital[2]. - The company has a remaining undistributed profit of CNY 3,879,590,652.81 to be carried forward to future years[2]. - The total share capital increased to 5,529,950,496 shares after the conversion of convertible bonds[7]. - The company has no controlling shareholder, indicating a diversified ownership structure[11]. Business Operations and Services - The company underwent a significant business transformation in December 2007, changing its main operations from petrochemical products to securities-related services, including brokerage and asset management[11]. - The company holds multiple business qualifications, including securities brokerage, investment consulting, and underwriting, all approved by the China Securities Regulatory Commission (CSRC)[12]. - The company is actively involved in various financial services, including securities investment fund management and private equity fund management, reflecting its broad market engagement[16]. - The company has established qualifications for participating in the North Exchange, expanding its market reach[17]. - The company is authorized to conduct various financial activities, including futures brokerage and financial consulting, showcasing its comprehensive service offerings[15]. Risk Management and Compliance - The company has detailed risk factors described in the report, which investors are advised to review[6]. - The company maintains a robust regulatory compliance framework, with all business qualifications approved by relevant authorities, ensuring operational integrity[12]. - The company has established a comprehensive risk management system in place, ensuring all types of risks are measurable, controllable, and bearable[198]. - The company’s risk management culture promotes proactive risk management and emphasizes that "everyone is a risk officer"[198]. - The company has implemented a risk response mechanism that includes strategies for risk avoidance, reduction, transfer, and acceptance[199]. Organizational Structure and Governance - The company has established a comprehensive organizational structure to support its operations, including various departments focused on different financial services[22]. - The company has a total of 32 branches across various provinces, including 2 in Hubei, Guangdong, and Liaoning each, and 1 in Beijing[25]. - The company has a total of 279 branches across 158 cities in 31 provinces, with 247 of them being securities business departments[32]. - The company has established a performance management system for senior management, with bonuses based on annual performance evaluations[156]. - The company has maintained an independent governance structure, ensuring no significant differences from the Company Law and relevant regulations from the China Securities Regulatory Commission[132]. Future Outlook and Strategic Initiatives - The company plans to enhance its comprehensive financial services by focusing on investment management, wealth management, and corporate services[49]. - The company’s future outlook includes further market expansion and potential mergers and acquisitions[29]. - The company is committed to digital transformation and enhancing operational efficiency to support high-quality business development[111]. - The company plans to strengthen its capital management and utilize various financing tools to support business development and ensure the successful execution of its operational plans in 2022[113]. - The company aims to enhance its risk management and internal control processes to ensure comprehensive risk coverage, addressing market, credit, liquidity, operational, compliance, and reputational risks[114]. Employee and Management Information - The total number of employees in the company is 6,649, with 5,774 in the parent company and 875 in major subsidiaries[167]. - The salary structure is based on a total control management model, linking total salary to the previous year's overall business performance[169]. - The company emphasizes employee welfare, providing five insurances and one fund, as well as supplementary medical insurance[169]. - The training program for 2022 aims to enhance employee growth and development across four dimensions: talent, business, party affairs, and culture[170]. - The company has established a comprehensive management system for securities brokers to ensure compliance and protect investor rights[171].