YXCHC(SZ:000987)2022-04-01 16:00Financial Performance - Total revenue for 2021 reached ¥13.31 billion, an increase of 37.44% compared to ¥9.69 billion in 2020[23]. - Net profit attributable to shareholders decreased by 46.25% to ¥2.48 billion from ¥4.61 billion in 2020[23]. - Net profit excluding non-recurring gains and losses increased by 56.05% to ¥2.49 billion from ¥1.60 billion in 2020[23]. - The net cash flow from operating activities was negative at -¥7.28 billion, a decline of 39.74% compared to -¥5.21 billion in 2020[23]. - Basic earnings per share fell by 46.30% to ¥0.67 from ¥1.24 in 2020[23]. - Total assets at the end of 2021 were ¥153.33 billion, reflecting a growth of 23.61% from ¥124.05 billion at the end of 2020[24]. - Net assets attributable to shareholders increased by 7.25% to ¥25.15 billion from ¥23.45 billion at the end of 2020[24]. - The company reported a significant non-recurring loss of -¥11.88 million in 2021, compared to a gain of ¥3.02 billion in 2020[29]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares (including tax) and to increase capital by 3.5 shares for every 10 shares held, based on a total share capital of 3,716,394,417 shares as of December 31, 2021[4]. - The company distributed cash dividends of 688,221,188.50 CNY (including tax) for the fiscal year 2020, amounting to 2.5 CNY per 10 shares[166]. - In 2021, the company distributed cash dividends of CNY 743,278,883.40, accounting for 29.97% of the net profit attributable to shareholders[171]. - The cash dividend per 10 shares for 2021 was CNY 2.00, while for 2020 it was CNY 2.50, and for 2019 it was CNY 1.70[170]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel confirming the integrity of the annual report[3]. - The company is committed to transparency, with all board members present for the report's review and approval[3]. - The board of directors consists of eleven members, including four independent directors, ensuring compliance with legal requirements[115]. - The board held 21 meetings during the reporting period, approving 69 resolutions, all executed according to legal procedures[115]. - The company received the "Best Board Award" at the 12th "China Listed Companies Investor Relations Tianma Award" evaluation[115]. - The company is committed to improving governance effectiveness and has been recognized as one of the "Top 100 Value Companies" in the main board category at the 15th "China Listed Companies Value Evaluation" event[115]. Risk Management - The company has established a comprehensive risk management system, integrating advanced practices to support innovative business development and ensure operational stability[42]. - The company maintains a credit risk management system with strict client and business entry standards, achieving a credit asset quality superior to the average level of commercial banks[105]. - The company has implemented a robust liquidity risk management strategy, ensuring sufficient liquidity reserves and financing capabilities to mitigate liquidity risks[107]. - The company emphasizes operational risk management through process design, dual control, cross-checking, and compliance monitoring[108]. Strategic Initiatives - The company aims to develop a diversified financial service system, focusing on asset management, financing leasing, and investment management[31]. - The company is focusing on market expansion and new product development as part of its strategic initiatives[140]. - The company plans to ensure investment intensity and broaden financing channels while controlling financing costs to support strategic execution and business development[97]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its portfolio[140]. Employee and Organizational Development - The total number of employees at the end of the reporting period was 1,097, with 121 in the parent company and 976 in major subsidiaries[162]. - The company has implemented a training program focusing on leadership development, strategic business, and corporate culture for various employee levels[164]. - The company has established a performance-oriented compensation policy that considers both company and individual performance[163]. - The number of R&D personnel increased by 23.88% to 83 in 2021 from 67 in 2020, with the proportion of R&D personnel rising to 7.57%[68]. Market Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 12% to 15% based on expanding market demand and new product launches[146]. - Future guidance indicates a positive outlook for revenue growth and profitability in the upcoming fiscal year[140]. - The bad asset management industry is expected to maintain steady growth, with diverse sources and opportunities for restructuring and capital market support[92]. - The financing leasing industry is anticipated to see new demand driven by national policies and infrastructure projects, particularly in sectors like photovoltaic and high-end manufacturing[93]. Awards and Recognition - Guangzhou Yuexiu Financial Holdings Group Co., Ltd. was recognized as one of the top 100 private equity investment institutions in China for 2021[200->24]. - The company received the 2021 China Venture Capital Golden Eagle Award for Best Investor[200->25]. - Yuexiu Capital won the 6th CNABS Golden Osmanthus Award for Leading Investment Institution in the market[200->27]. - The company was acknowledged as one of the most growth-oriented futures companies in China[200->28].