NSC(SH:601990)2024-04-25 10:22Financial Performance - The total registered capital of Nanjing Securities is 3,686,361,034 RMB, with a net capital of 15,068,453,525.06 RMB, an increase from 14,890,364,335.57 RMB in the previous year[11]. - The proposed cash dividend distribution is 0.80 RMB per 10 shares, totaling 294,908,882.72 RMB, which accounts for 43.56% of the net profit attributable to shareholders for the year[3]. - The company reported a significant increase in annual revenue, reaching a total of $1.5 billion, representing a 20% year-over-year growth[24]. - The company's operating revenue for 2023 was ¥2,476,059,703.15, representing a 23.30% increase compared to ¥2,008,126,720.28 in 2022[27]. - The net profit attributable to shareholders of the parent company was ¥677,014,894.30, a 4.85% increase from ¥645,671,649.82 in the previous year[27]. - The total assets at the end of 2023 reached ¥58,507,626,370.07, marking a 13.25% increase from ¥51,661,082,120.54 at the end of 2022[27]. - The total liabilities increased by 17.75% to ¥40,988,213,770.85 from ¥34,810,587,825.56 in 2022[27]. - The company's net profit for the reporting period was approximately 683.13 million, representing a year-on-year increase of 5.11%[37]. - The total operating income for the year was approximately ¥2.48 billion, reflecting a 23.30% increase compared to the previous year[36]. Business Operations - The company’s business scope includes securities brokerage, investment consulting, financial advisory related to securities transactions, underwriting, proprietary trading, asset management, margin financing, and fund distribution[11]. - The company operates a total of 108 securities business departments across various regions[23]. - The distribution of business departments includes major cities such as Beijing, Guangzhou, and Shenzhen[23]. - The company has established a presence in multiple provinces, including Fujian, Guangdong, and Jiangsu[23]. - The company has been involved in the securities industry since its inception, with various licenses obtained over the years to enhance its service offerings[12]. Risk Management - The company’s performance is highly correlated with macroeconomic conditions and capital market trends, facing risks such as market, credit, liquidity, operational, compliance, and reputational risks[5][6]. - The company maintained a strong focus on compliance and risk management, with no major risk events occurring during the year[39]. - The company has established a comprehensive risk management system covering various business types and risks, ensuring risks are controllable, measurable, and bearable[80]. - Market risk primarily arises from equity investments, new third board market making, non-equity investments, derivatives, and asset management, with strict investment authorization and risk limit management in place[81]. - Liquidity risk management includes strengthening cash flow management and diversifying financing channels, with a liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) that consistently meet regulatory requirements[83]. Corporate Governance - The board of directors consists of 15 members, including 5 independent directors, and held 5 meetings during the reporting period, adhering to legal and regulatory requirements[93]. - The company has established an independent financial accounting department, ensuring independent financial decision-making and management[95]. - The company has a governance structure that integrates the party organization's leadership into its decision-making processes[93]. - The company has implemented measures to ensure independence in operations, including separate banking accounts and independent tax obligations[95]. - The company has established specialized committees under the board to enhance governance and oversight[120]. Shareholder Relations - The company plans to submit the profit distribution proposal for shareholder approval[3]. - The company will actively communicate with shareholders, especially minority shareholders, regarding profit distribution plans before the shareholders' meeting[132]. - The company aims to maintain a stable and proactive profit distribution policy, emphasizing reasonable returns to shareholders[133]. - The company has a cash dividend policy that requires the board to propose a profit distribution plan every three years based on profitability and development stage[130]. - The total cash dividend amount for the current period is 294,908,882.72 RMB, representing 43.56% of the net profit attributable to ordinary shareholders[135]. Strategic Initiatives - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[24]. - Market expansion plans include entering three new international markets, projected to contribute an additional $300 million in revenue[24]. - The company completed a strategic acquisition of a smaller tech firm for $100 million, expected to enhance its product offerings[24]. - The company is focused on building a high-quality professional talent team, particularly in key areas such as investment banking and research[78]. - The company aims to become a leading modern investment bank, providing reliable services and stable returns for shareholders while contributing to society[75]. Social Responsibility - The company invested a total of 1,575.84 million CNY in social responsibility initiatives, benefiting 43,911 individuals[154]. - The company contributed 384.60 million CNY in poverty alleviation and rural revitalization projects, directly helping 6,067 people[158]. - The company has adopted a paperless office policy to reduce resource consumption and promote energy-saving practices[152]. - The company has been recognized with multiple awards for its charitable contributions and social responsibility efforts, including the "Jiangsu Charity Award"[154]. - The company has committed to a sustainable development strategy aligned with national "dual carbon" goals[150]. Financial Instruments and Capital Structure - The company plans to issue up to 1,105,908,310 A shares to no more than 35 specific investors, raising a total of no more than 5 billion yuan[174]. - The company has received approval to issue corporate bonds with a total face value of 15 billion yuan, with a maturity of 2 years and a coupon rate of 2.50%[176]. - The company issued a total of 10 billion RMB in corporate bonds during the reporting period, with interest rates ranging from 2.37% to 3.30%[199]. - The company has a significant shareholder whose pledged shares account for over 80% of their holdings[196]. - The company has not faced any risks of termination of bond listings during the reporting period[200].