SCS(SH:601555)2024-04-29 12:27Financial Performance - The company's operating revenue for 2023 reached ¥11,280,990,458.17, representing a year-on-year increase of 7.58% compared to ¥10,485,698,668.78 in 2022[31]. - The net profit attributable to shareholders of the parent company was ¥2,002,031,162.53, reflecting a growth of 15.38% from ¥1,735,237,325.72 in the previous year[31]. - The total assets at the end of 2023 amounted to ¥157,495,307,814.69, which is a 15.84% increase from ¥135,957,055,953.88 at the end of 2022[31]. - The total liabilities increased by 20.36% to ¥117,203,209,371.23 from ¥97,379,252,975.44 in 2022[31]. - The basic earnings per share for 2023 was ¥0.40, up 14.29% from ¥0.35 in 2022[32]. - The company reported a liquidity coverage ratio of 214.25% at the end of 2023, down from 264.32% at the end of the previous year[35]. - The company's equity totaled RMB 40.29 billion, with a year-on-year increase of 4.44%[46]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a 15% year-over-year growth[177]. Dividend and Capital Management - The company plans to distribute a cash dividend of 1.88 RMB per 10 shares, totaling approximately 934.12 million RMB, which represents 46.66% of the net profit attributable to the parent company[2]. - The registered capital of the company remains at 5 billion RMB, unchanged from the previous year[8]. - The company completed a non-public offering of 700 million shares in August 2014, increasing its registered capital to 2.7 billion RMB[16]. - In March 2020, the company issued 880,518,908 shares, raising its registered capital to 3.88 billion RMB[17]. - The company completed another share issuance of 1,126,983,743 shares in December 2021, raising its registered capital to 5,007,502,651 RMB[17]. - As of March 2024, the company repurchased and canceled 38,799,814 A-shares, reducing its total share capital to 4,968,702,837 shares[17]. Risk Management - The company has a comprehensive risk management framework addressing market, credit, operational, liquidity, and reputational risks[3]. - The company faces significant risks related to market fluctuations and changes in economic and financial policies, which could impact its operational performance[2]. - The company has established a comprehensive risk management system covering various risk categories and business lines, providing clear guidelines for daily risk management[131]. - The company employs a tiered risk control mechanism, utilizing technology to achieve systematic management of business and risk information, enhancing risk data management and quality assurance[133]. - The company has implemented a securities pool management mechanism to ensure strict investment qualification checks and ongoing monitoring of investment targets[136]. - The company has established a risk emergency mechanism to address liquidity crises and major risk events, with clear emergency response measures and procedures[132]. Business Operations and Expansion - The company operates in various sectors including fixed income, investment banking, and asset management, enhancing its market presence[20]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]. - The company aims to enhance its wealth management services by focusing on seven key systems in 2024[64]. - The company plans to strengthen its overseas business platforms in Hong Kong and Singapore to enhance its influence in international financial markets[73]. - The company is exploring potential acquisitions to further enhance its product offerings and market presence[165]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 500 million RMB earmarked for potential deals[177]. Compliance and Governance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[2]. - The company is committed to long-term stability and prudent management, integrating party leadership into its governance and operational processes[92]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating a clean compliance record[188]. - The company is focusing on enhancing its ESG (Environmental, Social, and Governance) initiatives as part of its strategic objectives[194]. - The company is actively involved in the nomination of senior management and board candidates, ensuring governance and leadership continuity[197]. Technology and Innovation - The company is focusing on digital transformation, launching the first proprietary securities model in China, enhancing its wealth management portal, and exploring new technologies like blockchain and digital RMB[90]. - The company is actively promoting digital transformation projects, including a new generation trading system and a one-stop wealth management platform, to improve business efficiency and customer service[147]. - The company is investing in new technology development, allocating 100 million RMB for R&D in the upcoming year[177]. Human Resources - The total pre-tax remuneration for senior management during the reporting period amounted to CNY 2,594.226 million[155]. - The Chairman, Fan Li, received a pre-tax remuneration of CNY 1.44 million during the reporting period[154]. - The Chief Financial Officer, Yao Tiao, received a pre-tax remuneration of CNY 3.66998 million during the reporting period[155]. - The company has appointed new executives, including a Chief Risk Officer and Chief Information Officer, to strengthen its management team[155].