Core Viewpoint - In 2024, the company achieved a consolidated operating income of 24.735 billion yuan, a year-on-year increase of 15.04%, and a net profit of 6.251 billion yuan, up 14.16% year-on-year, demonstrating stable and positive operational performance [1] Group 1: Business Development and Strategy - The company focuses on integrating business development with national strategic services, optimizing financing structures, and supporting the development of new productive forces [3] - It aims to enhance value discovery capabilities and improve project identification, valuation, and underwriting skills, while also supporting mergers and acquisitions [3] - The company has maintained its leading position in the New Third Board and ranked second in the Beijing Stock Exchange for underwriting and fundraising [3] Group 2: Asset Management and Client Services - The company emphasizes wealth management, achieving sales of financial products totaling 591.227 billion yuan, a growth of 25.08% year-on-year [4] - It has accelerated the transformation towards automated and public asset management, focusing on diversified product offerings [4] - The number of new clients increased by 763,600, with client securities custody value growing by 21.88% compared to the previous year [6] Group 3: Risk Management and Compliance - The company has received the highest A-class rating in investment banking business quality evaluation for 2024, indicating strong risk management capabilities [3] - It emphasizes compliance and governance, integrating party leadership with corporate governance to enhance operational effectiveness [8] Group 4: Investor Relations and Returns - The company has implemented a mid-term profit distribution plan for the first time in 2024, with cash dividends totaling 1.578 billion yuan, a year-on-year increase of 12.55% [9] - It has maintained a consistent cash dividend policy over the past ten years, with cumulative cash dividends amounting to 17.2 billion yuan [9] - The company has been recognized for its investor relations management and education efforts, receiving multiple awards for best practices [10] Group 5: Future Outlook - In 2025, the company will continue to follow the guiding principles of Xi Jinping's thought, focusing on enhancing core competitiveness and maintaining a risk-free operational environment [10]