COFCO CAPITAL(SZ:002423)2023-04-25 16:00Corporate Governance and Compliance - The company received an A rating in the annual information disclosure assessment by the Shenzhen Stock Exchange, reflecting its commitment to transparency and protecting shareholder rights[2]. - The company emphasizes compliance with national laws and regulations to prevent operational risks and ensure effective risk management processes[22]. - The company maintains a commitment to fair and transparent related-party transactions, ensuring no harm to the interests of minority shareholders[24]. - The company has committed to strict compliance with regulations regarding major asset restructuring and insider trading over the past three years[49]. - The company has no significant discrepancies in governance compared to legal and regulatory requirements[51]. - The company has appointed independent directors and management with extensive experience in finance and investment[58][59][60]. - The company has established a plan for daily related party transactions for 2022[53]. - The company has committed to maintaining the legal rights of all shareholders and avoiding unfair benefit transfers[49]. - The company has a clear governance structure with regular elections for the board and supervisory committee members[53]. - The company has renewed its financial reporting and internal control audit firm for the 2022 fiscal year[53]. - The company has committed to enhancing internal control systems and legal compliance levels to protect shareholder interests[136]. - The company reported a significant focus on compliance with regulations and internal management systems, ensuring equal shareholder rights and obligations[126]. - The company emphasized its commitment to providing accurate and complete information regarding restructuring, with legal accountability for any misleading statements[129]. - The company maintains independence post-restructuring, ensuring clear ownership and operational autonomy in assets, personnel, finance, and business[90]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[180]. Financial Performance and Strategy - The company aims to transform its existing business and actively seek new growth points during the "14th Five-Year Plan" period, focusing on high-quality development[9]. - The company reported a positive profit for the reporting period, but did not propose a cash dividend distribution plan despite having distributable profits[46]. - The company reported a total revenue of 150 million yuan for the domestic accounting firm services, with an audit service duration of 4 years[184]. - The company incurred a total of RMB 1.4 million in fines across various subsidiaries due to regulatory penalties in 2022[170]. - The company has not undergone any bankruptcy reorganization during the reporting period, indicating financial stability[187]. - The company has not made any changes to accounting policies or estimates compared to the previous year's financial report[182]. - The company has not faced any delisting situations following the annual report disclosure[185]. - The company reported a loan balance of 27,890.74 thousand yuan at the end of the period[198]. Employee and Talent Management - The company has a total of 2,920 employees, with 1,071 in sales, 193 in technical roles, and 164 in finance[43]. - The company emphasizes talent development with targeted training programs to support its strategic goals[44]. - The total remuneration paid to the board of directors, supervisors, and senior management for 2022 amounted to 19.37 million CNY, including salaries, bonuses, and various allowances[34]. - The total pre-tax compensation for the chairman and general manager, Sun Yanmin, is 3.5857 million yuan[62]. - The total pre-tax compensation for the finance director, Li Degang, is 2.5054 million yuan[62]. - 中粮资本在薪酬管理中坚持"以岗定薪、绩效导向"，确保重点岗位薪酬的市场竞争力[150]. Digital Transformation and Innovation - The company is committed to digital transformation to drive industry upgrades and improve operational efficiency[11]. - The company aims to expand its futures business by enhancing service quality and developing new business growth points through digitalization[14]. - The digital transformation vision aims to create a "digitally driven, agile financial holding platform," focusing on six key capabilities including data-driven decision-making and operational efficiency[114]. - The company has implemented a digital center to enhance technological innovation and improve operational efficiency[75]. - The company is focused on building a financial cloud platform to facilitate resource sharing and cost reduction[114]. - The company has established a data asset platform to convert data into productive assets, enhancing business capabilities[114]. Shareholder Engagement and Returns - The company plans to distribute a cash dividend of 0.78 CNY per 10 shares, totaling approximately 179.72 million CNY, based on a total share capital of 2,304,105,575 shares as of December 31, 2022[47]. - The company maintains a clear and transparent cash dividend policy, ensuring the protection of minority shareholders' rights[46]. - The company approved a three-year shareholder return plan for 2022-2024 during the 2021 Annual General Meeting[53]. - The company distributed cash dividends of 412.43 million yuan to shareholders, with a distribution ratio of 100% of the distributable profits[73]. - The total cash dividend per 10 shares is 1.79 yuan, based on a total share capital of 2,304,105,575 shares[73]. - The company held 2 shareholder meetings and 6 board meetings during the reporting period, ensuring transparency and participation in major business decisions[86]. Social Responsibility and Community Engagement - The company has invested over 49 million yuan in the "Starry Lights - Caring for Children Public Welfare Program," helping over 160,000 children through various initiatives[111]. - 中粮资本在2022年开展公益捐赠50万元，支持乡村留守儿童家庭经济[155]. - 中粮资本在2022年积极探索"乡村振兴+慈善信托"业务新模式，推动社会责任落实[154]. - 中粮资本在2022年向广西隆安县拨付对口支援资金600万元，推动乡村产业发展[154]. - 中粮期货在2022年开展"保险+期货"帮扶项目32个，承保规模达到9.88亿元，赔付金额为4173.5万元[154]. - 中粮信托成立"中粮信托•2022丰济1号乡村振兴慈善信托"，初始规模为572万元，支持广西隆安县民生类项目[154]. - 中粮资本在2022年累计投入乡村振兴资金300万元，引入帮扶资金647.87万元[154]. - 中粮资本在2022年举办各类专场培训11次，培训人员401人，助力乡村振兴[154]. Risk Management - The company will implement a prudent liquidity management strategy to optimize its asset-liability structure and enhance liquidity risk management capabilities[19]. - The company acknowledges the complex and volatile macroeconomic environment, which may adversely affect operational performance if significant market fluctuations occur[145]. - The company has not experienced any significant impact on profits from ongoing litigation related to financial borrowing disputes, with amounts involved being 92.11 million yuan and 4.59 million yuan respectively[189]. - The company has successfully won several lawsuits, including a significant arbitration case with a claim amount of 10.07 million yuan, which has been executed[190]. - The company maintains a strong commitment to integrity and compliance, with no major unfulfilled court judgments or significant overdue debts reported during the reporting period[192]. - The company has established a robust internal control system, ensuring compliance and risk management[48]. - There were no significant related party transactions during the reporting period[200].