Financial Performance - Total revenue for 2022 was RMB 43,781,051, a decrease of 3.30% compared to RMB 45,277,062 in 2021[37]. - Total expenses increased by 10.08% to RMB 35,811,056 in 2022 from RMB 32,532,645 in 2021[37]. - Profit before tax decreased by 37.68% to RMB 7,970,867 in 2022 from RMB 12,791,012 in 2021[37]. - Net profit attributable to shareholders was RMB 7,760,544, down 25.60% from RMB 10,430,238 in 2021[37]. - Basic earnings per share for 2022 were RMB 0.70, down from RMB 0.97 in 2021[39]. - The weighted average return on equity for 2022 was 8.21%, a decrease from 12.29% in 2021[39]. - The debt-to-asset ratio was 79.29% as of December 31, 2022, compared to 77.07% in 2021[39]. - The company's net capital as of the end of the reporting period was RMB 79.08 billion, a decrease from RMB 79.65 billion in the previous year[41]. - The total assets on and off the balance sheet reached RMB 500.08 billion, up from RMB 416.99 billion in the previous year, indicating a growth of approximately 19.8%[41]. - The liquidity coverage ratio increased to 354.93%, up from 278.65% in the previous year, indicating stronger liquidity position[41]. Business Operations - The company operates under various business qualifications, including securities brokerage, investment consulting, and securities underwriting, among others[18]. - The company has a comprehensive range of business qualifications, including those for trading warrants, ETFs, and various financial products[19]. - The company has a total of 487 securities business departments distributed across 31 provinces, autonomous regions, and municipalities in China[30]. - The company has established a comprehensive organizational structure to support its development needs and enhance operational efficiency[29]. - The company is focused on market expansion and enhancing its service offerings through its subsidiaries and branch offices[33][34]. Risk Management - The company is exposed to significant risks, including legal compliance risks, strategic planning risks, and market risks due to fluctuations in capital markets[16]. - The company emphasizes risk management through organizational structure, management mechanisms, and information technology to mitigate operational and market risks[16]. - The company is implementing a comprehensive risk management approach, ensuring that overall risk remains controllable without significant incidents during the reporting period[156]. - The company has established a liquidity risk indicator system, monitoring liquidity risk daily and conducting regular stress tests to assess liquidity levels under pressure scenarios[166]. - The company has implemented a network security management system to safeguard data integrity and availability, ensuring stable operation of critical information technology systems[168]. Corporate Governance - The company is subject to the corporate governance code as per the Hong Kong Stock Exchange listing rules[5]. - The company has a governance structure that complies with the Company Law and Securities Law, ensuring effective operation of the shareholders' meeting, board of directors, and supervisory board[29]. - The compliance and risk management committee assists the board in formulating risk management strategies and evaluating major risk issues[180]. - The company has a structured approach to managing reputation risks, with a dedicated office for monitoring and advising on reputation events[187]. Strategic Development - The company aims to enhance its market position and expand its business operations in the future[4]. - The strategic development plan for 2023-2025 has been approved, focusing on market-oriented and internationalized growth strategies[45]. - The company plans to implement a strategic development plan for 2023-2025, focusing on becoming a leading wealth management service provider and a comprehensive investment bank[151]. - The company anticipates a steady recovery in the capital market, driven by coordinated macroeconomic policies and the deepening of the multi-level capital market system[150]. Shareholder Information - The company will send printed versions of its 2022 annual report to shareholders by the end of April 2023, and it will be available on the Hong Kong Stock Exchange and the company's website[1]. - The company has established a cash dividend policy, ensuring that at least 10% of the distributable profits are allocated to shareholders annually when profitable[192]. - The company plans to distribute a cash dividend of RMB 2,331,574,325.48, which accounts for 30.04% of the net profit attributable to shareholders in the consolidated financial statements for 2022[195]. - The cash dividend distribution is subject to approval at the annual general meeting and will be executed within two months of the meeting date[196].
中国银河(06881) - 2022 - 年度业绩