2024-04-15 08:00Financial Performance - The company's total revenue and other income for 2023 was RMB 14,776.1 million, a decrease of 1.63% compared to RMB 15,021.1 million in 2022[40]. - The pre-tax profit increased by 23.44% to RMB 4,757.3 million in 2023 from RMB 3,853.9 million in 2022[40]. - Net profit attributable to shareholders rose by 33.93% to RMB 4,271.2 million in 2023, compared to RMB 3,189.1 million in 2022[40]. - The net cash generated from operating activities was RMB 26,673.5 million, an increase of 48.93% from RMB 17,910.1 million in the previous year[34]. - The company's total revenue and other income amounted to RMB 14.78 billion, a decrease of 2% year-on-year[104]. - Commission and fee income was RMB 6.46 billion, down 11% from RMB 7.27 billion in 2022, primarily due to changes in brokerage, investment banking, and asset management fees[104]. - Net investment income increased by 129% to RMB 2.52 billion, attributed to the company's absolute return strategy and optimized investment structure[104]. Shareholder Returns - The total number of A-shares and H-shares as of December 31, 2023, is 4,610,787,639, with a proposed cash dividend of 2.803 RMB per 10 shares, totaling 1,292,403,775.21 RMB to be distributed[3]. - The company plans to submit the profit distribution proposal to the shareholders' meeting for approval, highlighting its commitment to shareholder returns[3]. Governance and Compliance - The financial data disclosed in the report is prepared in accordance with International Financial Reporting Standards and audited by Ernst & Young, receiving a standard unqualified audit opinion[3]. - The report indicates that the company has a comprehensive governance structure in place, ensuring the accuracy and completeness of the annual report[4]. - The company has established a comprehensive corporate governance system in compliance with relevant laws and regulations, ensuring independent operations from its controlling shareholder[170]. - The board of directors is responsible for reviewing and monitoring compliance with laws and regulations, as well as the company's governance policies[172]. - The company emphasizes the protection of minority shareholders' rights and ensures fair information disclosure[177]. Risk Management - The company has established a comprehensive risk management system to effectively manage various risks faced during its operations, ensuring sustainable business development[134]. - The company employs a multi-level risk limit system for market risk, including value-at-risk (VaR) and stress testing to assess potential losses under adverse conditions[139]. - The company has developed a liquidity risk emergency plan, detailing response measures and maintaining sufficient high-quality assets to prevent liquidity risks[145]. - Credit risk management includes measures such as establishing credit limits, monitoring issuer performance, and implementing strict collateral standards to mitigate exposure[141]. Business Operations - Everbright Securities has maintained its operational scope, which includes securities brokerage, investment consulting, and financial advisory services related to securities transactions[12]. - The company is actively involved in various financial services, including margin financing and securities investment fund distribution, which are crucial for its revenue generation[12]. - The company has a strong presence in both A-share and H-share markets, listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange respectively[18]. - The company’s asset management scale is a key focus area, although specific figures are not disclosed in the provided content[5]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[191]. - The company plans to enhance wealth management services and product offerings in 2024, focusing on high-quality development and risk management[56]. - The company aims to build a first-class service-oriented investment bank in China, focusing on serving the real economy and enhancing service capabilities[132]. Technological Development - The company is leveraging digital economy opportunities to enhance its technological capabilities and improve operational efficiency[103]. - The company is committed to digital transformation, focusing on "platformization, modularization, and intelligence" as part of its technology development strategy[152]. Employee and Management - The total pre-tax remuneration for the current directors and senior management during the reporting period amounted to CNY 27.44 million[178]. - The company has implemented a deferred payment system for over 40% of senior management's annual performance salary, with a deferral period of no less than three years[8]. - The company has a strong governance structure with multiple experienced executives in key positions[195]. Customer Engagement - The company had a total customer base of 5.86 million by the end of 2023, representing a 9% increase year-on-year[49]. - Customer satisfaction ratings improved to 85%, reflecting a 10% increase from the previous year[191].