Core Viewpoint - The company has reported a dual growth in revenue and profit, demonstrating resilience and strategic execution in a challenging market environment [1] Business Performance - In 2024, the company achieved total operating revenue of 2.444 billion RMB, a year-on-year increase of 5.48% [2] - In Q1 2025, the company continued its growth trajectory with operating revenue reaching 486 million RMB, up 12.91% year-on-year [2] - The brokerage business net income from fees was 751 million RMB in 2024, accounting for 30.72% of total revenue, and grew by 34.46% year-on-year [3] - In Q1 2025, the brokerage business net income from fees reached 362 million RMB, with a year-on-year increase of 52.81% [3] Client and Product Development - The company executed a wealth management business transformation, achieving a total transaction amount of A-shares and funds of 1.801 trillion RMB in 2024, a growth of 32.76% [4] - The company added 180,700 new clients in 2024, bringing the total number of accounts to 2.8621 million, a 6.19% increase [4] - The company introduced 736 new products in 2024, expanding its offerings to include QDII funds, REITs, and quantitative funds [4] Asset Management Growth - The asset management business net income from fees reached 287 million RMB in 2024, a significant increase of 120.36% year-on-year [4] - The total scale of asset management reached 34.945 billion RMB by the end of 2024, with individual client numbers exceeding 29,000 [5] - The company ranked 29th in the industry for asset management by the end of 2024, up from 39th the previous year [5] Financial Metrics - The company reported a total profit of 879 million RMB in 2024, with net profit attributable to shareholders at 687 million RMB, reflecting increases of 14.20% and 13.32% respectively [6] - The company's total assets reached 52.249 billion RMB by the end of 2024, an 11.88% increase from the previous year [6] ESG and Dividend Strategy - The company received multiple awards for its governance and ESG practices, including recognition as a "Four and a Half Star" rated company in social responsibility [8] - The company has consistently paid cash dividends since its listing, with a cumulative payout exceeding 1 billion RMB and a proposed dividend of 1.00 RMB per share for 2024 [9] Future Outlook - The company aims to leverage the economic foundation of Hebei province and the national strategy of coordinated development in the Beijing-Tianjin-Hebei region to enhance its market position [10] - The company plans to focus on six key areas: business, reform, talent, technology, control, and party building to drive its strategic goals [10]