YXCHC(SZ:000987)2019-03-22 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.90 RMB per 10 shares based on a total share capital of 2,752,884,754 shares as of December 31, 2018[3]. - For the 2018 fiscal year, the cash dividend proposed is 0.90 CNY per 10 shares, amounting to 247,759,627.86 CNY, which is 55.06% of the net profit attributable to ordinary shareholders[151]. - The company distributed a cash dividend of 0.90 CNY per 10 shares for the 2017 fiscal year, totaling 200,144,737.17 CNY, which represents 31.60% of the net profit attributable to ordinary shareholders[149]. - The company's net profit attributable to shareholders for the year was CNY 449,984,788.90, with a total distributable profit of CNY 875,388,744.08[152]. - The company has maintained a high cash dividend policy since its listing, ensuring that dividends are distributed in profitable years[149]. Financial Performance - The company's total revenue for 2018 was CNY 6,670,960,235.45, representing a 25.14% increase from CNY 5,330,992,027.12 in 2017[29]. - The net profit attributable to shareholders for 2018 was CNY 449,984,788.90, a decrease of 28.95% compared to CNY 633,318,753.68 in 2017[29]. - The total assets at the end of 2018 amounted to CNY 96,901,389,497.36, reflecting a 26.27% increase from CNY 76,740,177,720.86 in 2017[29]. - The total liabilities at the end of 2018 were CNY 77,158,517,992.58, which is a 32.13% increase from CNY 58,397,580,689.31 in 2017[29]. - The basic earnings per share for 2018 was CNY 0.195, down 31.58% from CNY 0.285 in 2017[29]. - The company's weighted average return on equity decreased to 3.31% in 2018 from 5.00% in 2017, a decline of 1.69 percentage points[29]. - The revenue for the parent company in 2018 was CNY 812,996,905.57, a substantial increase of 226.44% from CNY 249,046,965.58 in 2017[29]. Business Operations and Strategy - The company is involved in a major asset restructuring project, acquiring a 32.765% stake in Guangzhou Securities through a combination of cash and stock issuance, raising up to 528 million RMB[8]. - The company intends to sell its 100% stake in Guangzhou Friendship to a subsidiary of Guangzhou Department Store Group[8]. - The company has expanded its business scope to include investment management and financial advisory services, reflecting a strategic shift towards capital market services[12]. - The company has been actively involved in the development of new financial products and services, including private equity and venture capital fund management since April 1, 2014[15]. - The company aims to expand its market reach through strategic investments and partnerships in the financial sector[24]. - The company is focused on increasing its capital management capabilities through new fund management initiatives[20]. - The company has established several subsidiaries, including Guangzhou Yuexiu Financing Leasing Co., Ltd. and Guangzhou Securities Co., Ltd.[21]. Risk Management - The company has outlined potential risks and countermeasures in its annual report, emphasizing the importance of investor awareness[3]. - The company has established a comprehensive strategic risk management system that includes regular monitoring of external factors affecting business development[139]. - The company has implemented a strict investment authorization system to manage market risks, with dynamic monitoring and risk warning by the risk management department[136]. - The company has established a liquidity risk management system that includes dynamic cash flow analysis and liquidity monitoring indicators to effectively prevent liquidity risks[138]. - The company has a mechanism for capital replenishment, including measures such as equity financing and issuing subordinated debt when net capital does not meet regulatory standards[143]. Market Presence and Expansion - The company has expanded its market presence with branches in major cities, including Beijing, Hubei, and Shanghai[21]. - The company has engaged in strategic partnerships and investments to enhance its financial services offerings[20]. - The company plans to focus on the Guangdong-Hong Kong-Macao Greater Bay Area and core advantageous industries to enhance its development pattern in 2019[131]. - The company aims to deepen regional development and strategic cooperation, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area, to achieve quality growth[131]. Regulatory Compliance and Governance - The company’s cash dividend policy complies with the requirements of the China Securities Regulatory Commission[150]. - The company has not disclosed any significant undisclosed information during investor relations activities[148]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[153]. - The company has implemented a chief risk officer management mechanism to strengthen risk management organization[145]. Community Engagement and Social Responsibility - The company actively participates in community engagement and social responsibility initiatives[196]. - The company conducted 2,501 investor education activities in 2018, engaging 191,443 participants[198]. - The company emphasizes customer relationship management, enhancing service quality and product offerings[198]. Related Party Transactions - The company reported a total of 22,439.53 million CNY in related party transactions for the reporting period, with the largest transaction being 9,242.12 million CNY, accounting for 33.31% of similar transactions[167]. - The company’s related party transactions were conducted at market pricing principles, ensuring compliance with regulatory standards[166]. - The company has a total approved transaction limit for related party transactions of 54,152 million CNY, with no transactions exceeding this limit[167].