SHCF(SH:600621)2024-03-29 16:00Financial Performance - The company reported a basic earnings per share of CNY 0.37 for 2023, an increase of 12.12% compared to CNY 0.33 in 2022[29]. - Total operating income decreased by 86.32% to CNY 14,460,577.61 from CNY 105,669,680.55 in the previous year[44]. - Investment income surged by 114.09% to CNY 894,139,657.36, up from CNY 417,655,725.94 in 2022[44]. - The net cash flow from operating activities was negative at CNY -2,020,545,863.75, a decline of 226.24% compared to CNY 1,600,527,990.39 in the previous year[44]. - The company’s weighted average return on net assets decreased by 0.44 percentage points to 5.25% from 2022[29]. - The net profit attributable to shareholders was CNY 397,305,369.64, reflecting an increase of 12.82% from CNY 352,157,713.55 in the previous year[55]. - Total operating revenue for 2023 was CNY 2,012,278,712.14, a decrease of 17.64% compared to CNY 2,443,237,887.65 in 2022[55]. - The company's total revenue for the current period decreased by 86.32% compared to the previous period, primarily due to the disposal of Jinling Investment equity last year, which is no longer included in the consolidated scope[57]. - The net cash flow from operating activities decreased by 226.24% compared to the previous period, mainly due to increased net outflow from the purchase of financial assets and reduced net inflow from loaned funds[57]. - The net profit attributable to shareholders of the listed company for Q4 was -17,974,690.19 RMB, indicating a significant loss compared to the previous quarter's profit of 249,138,465.61 RMB[57]. Revenue and Costs - Revenue from the securities business decreased by 16.63% to CNY 1,881,451,567.97, while costs decreased by 9.38% to CNY 881,459,869.28[46]. - Revenue from the futures business increased by 43.79% to CNY 116,366,566.56, with costs rising by 11,516% to CNY 53,147,377.95[46]. - Revenue from the financing leasing business decreased by 69.18% to CNY 3,973,223.95, with costs decreasing by 100%[46]. - Software business revenue fell by 16.59% to CNY 3,907,775.86, while costs increased by 40.62% to CNY 4,607,552.87[46]. - Domestic (non-financial) revenue decreased by 92.73% to CNY 3,944,627.97, with costs decreasing by 87.23%[46]. Assets and Liabilities - The company’s total liabilities increased significantly, with trading financial liabilities rising to CNY 256,701,301.28 from CNY 108,812,580.35[35]. - Total assets at the end of 2023 were CNY 37,195,183,862.81, an increase of 6.03% from CNY 35,079,161,837.12 in 2022[55]. - The company’s capital reserve at the end of 2023 was 3,396.36 million RMB, with no plans to convert it into share capital[73]. Risk Management and Compliance - The company has indicated potential risks in its future development, including industry and market risks[6]. - The company’s internal control and compliance risk management systems have been continuously improved to ensure sustainable development[81]. - The company has committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of company interests[117]. - The company has not reported any significant internal control issues or received non-standard audit opinions from its auditors[120]. Corporate Governance - The company guarantees that there is no competition between its main business and that of the listed company, committing to compensate any losses incurred due to violations of this promise[109]. - The company will maintain the independence of the listed company, ensuring its personnel, assets, and operations remain distinct from those of the controlling company[110]. - The company appointed Zhonghua Certified Public Accountants (Special General Partnership) as the auditor for the 2023 fiscal year, with an audit fee of 158.8 million[120]. Social Responsibility - A total of 95,000 yuan was invested in social responsibility initiatives, benefiting 50 individuals through educational support[99]. - The company invested 1.0417 million yuan in poverty alleviation and rural revitalization projects, benefiting 1,600 individuals[100]. - The company has conducted financial training for over 80 rural officials and platform company managers to enhance their financial knowledge and support rural economic development[101]. Accounting Policies - The company recognizes income when control of related goods or services is obtained, ensuring reliable measurement of revenue[160]. - The company uses the cost model for subsequent measurement of investment properties, depreciating based on estimated useful life and net residual value[137]. - Long-term assets are subject to impairment testing, with any impairment losses recognized in the current period[145]. - The company recognizes expected liabilities for current obligations that may lead to an outflow of economic benefits when the amount can be reliably measured[185].