Financing Solutions - The company provided financing solutions to clients in agriculture, small and micro enterprises, and online retailers, focusing on short-term financing needs[4] - In 2023, the company issued loans totaling RMB 3,085.36 million, with interest income of RMB 236.17 million and a net profit of RMB 96.64 million, maintaining stable operational performance[182] - Approximately 76.6% of the company's loan agreements as of December 31, 2023, had a maximum loan amount of RMB 1 million, indicating a focus on small and micro enterprises[189] Corporate Governance - The company has fully complied with the corporate governance code throughout the year ending December 31, 2023[40] - The company’s board consists of four executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse governance structure[40] - The supervisory board has been monitoring the legality and reasonableness of the company's operations and management, confirming compliance with applicable laws and regulations[36] - The company has established a three-year term for all independent non-executive directors to provide independent and objective opinions to the board[47] - The audit committee consists of three independent non-executive directors, ensuring appropriate professional qualifications and experience[49] - The board has reviewed its corporate governance policies and practices, including compliance with legal and regulatory requirements[112] - The independent non-executive directors have confirmed their independence in accordance with the listing rules[134] Risk Management - The company’s major risks and uncertainties were discussed, emphasizing the importance of strict loan approval systems and daily tracking management[5][8] - The company has established a sound risk management and internal control system to effectively manage operational risks[68] - The board has reviewed the effectiveness of the risk management and internal control systems, which are deemed effective and adequate as of December 31, 2023[123] - The company has established comprehensive policies and procedures for operational, financial, and risk management to ensure asset protection and reliable financial reporting[96] Financial Performance - The company's total assets as of December 31, 2023, were RMB 2,657.32 million, while total liabilities were RMB 654.60 million, resulting in total equity of RMB 2,002.71 million[196] - Total liabilities decreased from RMB 826.12 million in 2022 to RMB 654.60 million in 2023, indicating improved financial stability[196] - Interest income decreased from RMB 250.46 million in 2022 to RMB 236.17 million in 2023, reflecting a decline in revenue[196] Green Development - The company actively explores green loan models, issuing loans to green industries such as ecological agriculture and renewable energy[4] - The company plans to continue its green development strategy and aims to become a leading local financial organization in sustainable finance[183] - The company was recognized as an outstanding unit in the construction of the National Green Finance Reform and Innovation Pilot Zone in Huzhou in March 2023[181] - As of December 31, 2023, the company's green loan balance reached approximately RMB 681 million, accounting for about 25.2% of the total loan balance, an increase of approximately 5 percentage points compared to the previous year[198] - The company has successfully established an Environmental and Social Management System (ESMS) to assess and manage clients' environmental and social risks[198] - The company is actively transforming towards a green and sustainable development model, strengthening its green credit business based on inclusive finance[198] Shareholder Information - The company plans to present a resolution at the annual general meeting to reappoint KPMG as its auditor[15] - The company has maintained the required public float under the listing rules as of December 31, 2023[126] - The board has proposed a final dividend of RMB 0.02 per share for the year ending December 31, 2023[148] - Non-resident individual shareholders will not have personal income tax withheld on dividends distributed by the company, as approved by the Zhejiang Provincial Department of Commerce[149] - The company is required to withhold corporate income tax at a rate of 10% on dividends distributed to non-resident corporate shareholders[158] Internal Controls and Compliance - The company has established a rigorous internal structure to prevent misuse of insider information and avoid conflicts of interest[123] - The company has a robust internal audit function to analyze and independently assess the adequacy and effectiveness of its systems[123] - All directors confirmed compliance with the relevant standards of the code of conduct for securities trading during the fiscal year[121] - The company has not entered into any significant contracts with the controlling shareholder or its subsidiaries during the reporting period[56] - The company has not entered into any stock-linked agreements during the year ending December 31, 2023[129] - There were no management contracts established for the overall or any significant part of the company's business during the fiscal year ending December 31, 2023[102] Remuneration and Compensation - The remuneration policy aims to maintain a fair and competitive compensation scheme based on market levels and the performance of the group[50] - The remuneration range for senior management includes one individual earning between RMB 250,001 and RMB 500,000[51] - The company maintained appropriate liability insurance for directors and senior officers throughout the fiscal year[98] Board Meetings and Attendance - The company held a shareholders' meeting on June 29, 2023, with full attendance from all directors[114] - The board has delegated daily operational responsibilities to the executive directors while regularly reviewing the appropriateness of this delegation[73] - The board consists of experienced members, with the chairman and CEO being in their positions since April 28, 2014[133]
佐力小贷(06866) - 2023 - 年度财报