Financial Performance - The company achieved a net profit of RMB 12,209,871,037.74 for the year 2022, with a distributable profit of RMB 24,000,453,156.70 by the end of 2022 after statutory reserves[3]. - A cash dividend of RMB 4.50 per 10 shares is proposed, totaling RMB 4,063,223,178.00, which accounts for 36.76% of the net profit attributable to shareholders for 2022[4]. - The cumulative fair value change income that cannot be distributed to shareholders amounts to RMB 1,750,948,700.27 as of December 31, 2022[3]. - In 2022, the group achieved total revenue of RMB 46.82 billion and a net profit attributable to shareholders of RMB 11.05 billion[11]. - Total revenue for 2022 was RMB 46,824,372, a decrease of 9.83% compared to RMB 51,926,404 in 2021[33]. - Profit before tax for 2022 was RMB 12,228,038, down 24.85% from RMB 16,272,562 in 2021[33]. - Net profit attributable to shareholders for 2022 was RMB 11,052,696, a decline of 17.18% from RMB 13,346,106 in 2021[33]. - The company's net capital at the end of the reporting period was RMB 92,969,666,665.31, an increase from RMB 82,314,070,326.70 at the end of the previous year[34]. Dividend Policy - The company plans to maintain the dividend distribution ratio even if there are changes in total share capital due to stock repurchase or incentive grants[4]. - The board of directors has approved the profit distribution plan, ensuring compliance with relevant regulations[3]. - The total share capital for dividend distribution is based on 9,029,384,840 shares after accounting for repurchased shares[4]. Risk Management - The company faces various risks including policy risk due to macroeconomic adjustments and regulatory changes affecting the securities industry[5]. - Compliance risks arise from potential legal sanctions and regulatory measures due to management or operational violations[5]. - Market risks are linked to fluctuations in prices such as interest rates, exchange rates, and stock prices, which may lead to asset losses[5]. - Credit risks stem from defaults by product or bond issuers and counterparties, potentially impacting the company's assets[5]. - Liquidity risks involve the inability to obtain sufficient funds at reasonable costs to meet debt obligations and operational needs[5]. - The company emphasizes the importance of a robust risk management framework to navigate the complexities of the current financial landscape[74]. - The company is enhancing its risk management framework, focusing on comprehensive risk management systems that cover all business operations and management[165]. Business Strategy and Expansion - The company is expanding its international strategy, entering markets in the US, UK, and Hong Kong, which complicates the market environment and regulatory requirements[5]. - The company is committed to sustainable development and social responsibility through initiatives like the Huatai Public Welfare Foundation[15]. - The company is focused on integrating financial services across the entire business chain, from early-stage private equity financing to asset securitization[14]. - The company is actively involved in the semiconductor industry, providing innovative capital support for R&D investments[14]. - The company is enhancing its institutional service model, focusing on a platform-based and integrated approach to improve core competitiveness[13]. - The company is committed to creating long-term value for stakeholders through professional spirit and bottom-line thinking[11]. Market Position and Competitiveness - The company achieved a significant market position, ranking second in Hong Kong IPO sponsorship and underwriting, facilitating Chinese companies' overseas financing and M&A needs[16]. - The company ranked fourth in the industry for equity underwriting quantity and scale, and third for bond underwriting scale[14]. - The company has served over 210 technology innovation enterprises since 2012, with a total market value of RMB 8.52 trillion[14]. - The company’s international business revenue accounted for over 20% of total revenue in 2022, positioning it among the top Chinese brokers in Hong Kong[16]. - The company is focusing on developing a diverse range of products and services to support the high-quality development of the real economy[72]. Technology and Innovation - The company emphasizes technology empowerment to enhance the basic functions and efficiency of various trading platforms[13]. - The research platform is continuously integrating basic data and iterating valuation models to accelerate the transformation of research insights into investment banking and trading products[13]. - The group is actively developing a financial technology ecosystem, focusing on big data, artificial intelligence, blockchain, and cloud computing[54]. - The company is focusing on digital transformation to strengthen front-end controls and improve operational risk management effectiveness[175]. Customer Engagement and Services - The company serves over 20 million customers, promoting long-term and scientific investment concepts amidst market volatility[12]. - The monthly active users of the "Zhangle Wealth" platform and stock fund trading volume continue to rank first in the securities industry[12]. - The group has over 20 million customers, with the "Zhangle Wealth Pass" app achieving a cumulative download of 70.06 million and an average monthly active user count of 9.27 million, ranking first among securities company apps[55]. - The wealth management business is a key revenue driver, focusing on commission income and interest income from various financial services[43]. Financial Health and Assets - As of the end of 2022, the total assets of the group amounted to RMB 846.57 billion, with total equity attributable to shareholders of RMB 165.09 billion[11]. - The total assets at the end of 2022 amounted to RMB 846,567,016, an increase of 4.95% from RMB 806,650,833 at the end of 2021[33]. - The total liabilities at the end of 2022 were RMB 678,718,307, up 3.68% from RMB 654,615,049 at the end of 2021[33]. - The company's total borrowings and bond financing at a fixed interest rate reached RMB 197.07 billion, with short-term borrowings at RMB 7.99 billion and long-term borrowings at RMB 0.80 billion[131]. Awards and Recognition - The company received multiple awards, including the "Golden Bull Securities Company" and "Best Practice Award for Listed Company Board of Directors" in 2022[49]. - The company was awarded "Best Local Investment Bank" and "Best Innovative Investment Bank" at the 2022 China Securities Industry Awards[51]. - The company was recognized as "Best Securities Company" at the 2022 Hong Kong Financial Technology Development Awards[53]. Compliance and Regulatory - The company has continuously improved its compliance management system, enhancing core system self-research capabilities to preemptively identify compliance risks[176]. - The company has implemented measures to enhance liquidity risk management, including daily monitoring of cash flow and liquidity risk indicators[136]. - The company believes its public shareholding meets the minimum public shareholding ratio requirements as per the Hong Kong Listing Rules[188].
HTSC(06886) - 2022 - 年度业绩