EASTMONEY(SZ:300059)2023-03-17 16:00Dividend and Capital Management - The company plans to distribute a cash dividend of 0.70 RMB per 10 shares to all shareholders, based on a total share capital of 13,214,162,544 shares[2]. - The company will increase its capital reserve by converting 2 shares for every 10 shares held by shareholders[2]. - For the current year, the cash dividend per 10 shares is set at 0.70 RMB, with a total cash dividend amounting to 924,991,378.08 RMB, representing 100% of the distributable profit[108]. - The company plans to increase capital by 2 shares for every 10 shares held, resulting in an additional 2,642,832,508 shares, bringing the total share capital to 15,856,995,052 shares[109]. - The total shares held by the chairman increased to 2,551,801,882 after a distribution of 425,300,314 shares from the 2021 annual profit allocation[82]. - The total shares held by the supervisor increased to 127,316,439 after a distribution of 21,219,407 shares from the 2021 annual profit allocation[82]. - The total number of shares increased to 13,214,162,544 after the conversion of 645,474,265 shares from the convertible bonds "东财转 3" and a capital increase of 2,202,360,424 shares[146]. - The total number of limited shares held by executives increased by 357,506,629 during the reporting period[145]. - The total number of limited shares held by executives at the end of the period was 2,125,491,465[145]. Financial Performance - Total revenue for 2022 was ¥12,485,576,441.96, a decrease of 4.65% compared to 2021[11]. - Net profit attributable to shareholders for 2022 was ¥8,509,461,233.33, down 0.51% from the previous year[11]. - Basic earnings per share for 2022 was ¥0.65, a decline of 5.80% compared to 2021[11]. - The net profit attributable to shareholders of the listed company was 8.509 billion yuan, a year-on-year decrease of 0.51%[27]. - The total comprehensive income for 2022 was approximately ¥8.50 billion, compared to ¥8.68 billion in 2021, reflecting a decrease of 2.1%[186]. - The company reported a net profit of ¥52.78 million from its subsidiary Dongfang Caifu Securities, contributing significantly to overall profitability[55]. - The company reported a financial expense of approximately -¥113.98 million in 2022, compared to -¥73.25 million in 2021[187]. - The company’s total operating revenue for 2022 was approximately ¥4.97 billion, a decrease of 8.3% from ¥5.42 billion in 2021[187]. Assets and Liabilities - Total assets increased by 14.52% to ¥211,880,730,164.65 at the end of 2022[11]. - The company's equity attributable to shareholders rose to ¥65.16 billion, up from ¥44.04 billion, marking a significant increase of approximately 47.9%[180]. - Total liabilities amounted to ¥146.72 billion, compared to ¥140.98 billion at the beginning of the year, reflecting an increase of about 4.9%[180]. - The company's short-term borrowings decreased to ¥1.32 billion from ¥2.81 billion, a reduction of about 53%[179]. - The trading financial assets surged to ¥63.35 billion, a substantial increase of 88.7% from ¥33.57 billion at the beginning of the year[178]. - The total current assets reached ¥195.42 billion, an increase of 19.1% from ¥164.12 billion at the start of the year[178]. - The company's non-current assets totaled ¥16.46 billion, a decrease from ¥20.90 billion, indicating a decline of approximately 21.2%[179]. Governance and Compliance - The annual report was approved by all board members, indicating strong governance and oversight[2]. - The company emphasizes the importance of accurate financial reporting, with the finance team ensuring the integrity of the annual report[2]. - The company operates under the supervision of the China Securities Regulatory Commission, ensuring adherence to regulatory standards[5]. - The company has established a transparent and standardized governance structure in accordance with relevant laws and regulations[70]. - The company ensures equal treatment of all shareholders during general meetings, facilitating their participation and decision-making rights[71]. - The company emphasizes strengthening its governance capabilities to drive high-quality development through improved internal control and compliance management[63]. - The audit committee oversees internal and external audits, ensuring compliance with internal control systems and financial information review[77]. - The company has a strong focus on compliance and governance, with a dedicated compliance director overseeing regulatory adherence[92]. Risk Management - The management has outlined potential risks and countermeasures in the section discussing future development prospects[2]. - The company emphasizes digital transformation and has integrated digital technologies to enhance user experience and engagement[21]. - The company’s one-stop internet wealth management services are highly correlated with the capital market's performance, which poses risks if market conditions decline[65]. - The company adheres to legal and regulatory compliance to mitigate risks associated with evolving policies and regulations in the industry[68]. - The company faces intensified industry competition due to the increasing number of market participants and the rising marketization of fee structures[67]. Research and Development - The company has a strong technology research and development team, having developed a series of core internet technologies to support its wealth management ecosystem[24]. - R&D expenses increased by 29.25% to ¥935,742,208.54, representing 7.49% of total revenue[42]. - The company plans to continue focusing on research and development to drive future growth and innovation[187]. - The company has committed to research and development, with a dedicated R&D center led by the Vice General Manager[92]. Investor Relations - The company has a robust communication strategy, with contact details for key personnel provided for investor inquiries[7]. - The company is committed to enhancing investor relations management to foster a positive ecosystem for investor engagement[64]. - The company emphasizes transparent information disclosure, utilizing various channels to maintain investor relations and protect shareholder rights[78]. Subsidiaries and Business Operations - The company has established 187 branches across 31 provinces, autonomous regions, and municipalities in China[27]. - The company has added 3 wholly-owned subsidiaries during the reporting period, while reducing 1 subsidiary[34]. - The company is actively involved in various subsidiaries, including Shanghai Oriental Fortune Investment Co., Ltd. and Shanghai Oriental Fortune Securities Co., Ltd., indicating a diversified business strategy[92]. - The subsidiary, Dongfang Caifu Securities, was approved for securities investment fund custody qualifications[141]. Social Responsibility - The company actively supports rural revitalization efforts and has implemented various public welfare projects[121]. - The company respects the rights of stakeholders, promoting a core value of "user first" and engaging in social responsibility initiatives[79]. - The company has published its 2022 Social Responsibility Report on March 18, 2023[120].