YXCHC(SZ:000987)2023-03-31 16:00Dividend and Share Capital - The company plans to distribute a cash dividend of 1.7 RMB per 10 shares based on a total share capital of 5,017,132,462 shares as of December 31, 2022[5]. - As of June 2022, the company's registered capital increased to CNY 5,017,132,462 after implementing a stock dividend plan of 3.5 shares for every 10 shares held[16]. - The total share capital increased to 5,017,132,462 shares after a capital reserve conversion of 1,300,738,045 shares in 2021[150]. - The company has maintained a high cash dividend payout ratio since its listing, with no instances of proposing no cash dividend despite profitability[150]. - The cash dividend for 2021 was 2 yuan per 10 shares, amounting to 743,278,883.40 yuan, which was 29.97% of the net profit for that year[153]. - The cash dividend for 2020 was 2.5 yuan per 10 shares, totaling 688,221,188.50 yuan, representing 14.91% of the net profit[153]. Financial Performance - The total operating revenue for 2022 was CNY 14.17 billion, representing a year-on-year increase of 6.44%[23]. - The net profit attributable to shareholders for 2022 was CNY 2.51 billion, a year-on-year increase of 1.27%[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2.33 billion, a decrease of 6.69% compared to the previous year[23]. - The total assets at the end of 2022 reached CNY 173.29 billion, a growth of 13.02% from the previous year[23]. - The net assets attributable to shareholders increased to CNY 26.99 billion, up 7.36% year-on-year[23]. - The average return on equity for 2022 was 9.66%, reflecting a decrease of 0.56 percentage points from the previous year[23]. Risk Management - The company emphasizes the importance of risk management and has detailed potential risks and countermeasures in the report[3]. - The company is committed to enhancing risk management capabilities by optimizing risk policies and implementing a comprehensive risk management system[35]. - The company continuously monitors credit risk through strict client and business risk policies, maintaining a high-quality credit asset portfolio[99]. - The company has established a comprehensive strategic risk management system to ensure clarity and focus on its main business areas[98]. Business Operations and Strategy - The company has undergone significant asset acquisitions and sales, including the purchase of 100% equity in Guangzhou Yuexiu Capital in March 2016 and the sale of Guangzhou Securities in March 2020[10]. - The company has a diversified financial service system with a core industry structure of "3+1," which includes non-performing asset management, financial leasing, investment management, and strategic investment in CITIC Securities[14]. - The company has been actively expanding its business scope and enhancing its financial qualifications to adapt to market changes and opportunities[21]. - The company is actively pursuing digital transformation and ESG management, having published its first ESG report during the reporting period[37]. Corporate Governance - The financial report has been confirmed as true, accurate, and complete by the company's management, including the legal representative and accounting personnel[4]. - The company has established an independent financial center with a complete accounting system, ensuring financial independence from the controlling shareholder[114]. - The governance structure effectively separates powers among the shareholders, board, supervisory board, and management[108]. - The company received multiple awards for its governance, including the "Best Board Award" and "Outstanding Board" recognition[110]. Investments and Financing - The company made new investments of CNY 180 billion in green projects, CNY 92 billion in inclusive finance, and CNY 28 billion in technology innovation[33]. - The company successfully raised CNY 740 billion in new financing, with a net increase of CNY 147 billion[34]. - The company is exploring new financing strategies to enhance its capital structure and support business expansion[105]. - The company is focusing on environmental, social, and governance (ESG) reporting as part of its strategic initiatives[137]. Employee and Management Structure - The company has a structured training program aimed at enhancing leadership and strategic capabilities among employees[149]. - The total number of employees at the end of the reporting period was 1,201, with 1,041 from major subsidiaries[147]. - The company has implemented a salary and performance management system for directors and senior management, ensuring compliance with market standards and individual capabilities[134]. - The management team includes professionals with extensive experience in finance and risk management, enhancing the company's operational capabilities[130]. Future Outlook - The company anticipates an overall profit increase in the non-performing asset management industry due to economic recovery and normalization of business operations[88]. - The company aims to accelerate transformation and innovation, focusing on optimizing business and asset structures while enhancing risk management capabilities[92]. - The company plans to maintain investment intensity and expand financing channels while controlling costs to ensure liquidity and support strategic execution[93].