AJ GROUP(600643)2024-05-22 08:07Financial Performance - In 2023, the company achieved total operating revenue of 2.418 billion CNY and a net profit of 99.5015 million CNY, with total assets amounting to 24.633 billion CNY and net assets of 12.413 billion CNY [1] - For Q1 2024, the company reported total operating revenue of 615 million CNY and a net profit attributable to shareholders of 115 million CNY [3] Dividend Policy - The 2023 annual profit distribution plan includes a cash dividend of 0.20 CNY per share (before tax) for every 10 shares, with no capital reserve conversion to share capital [2] Strategic Focus - The company aims to enhance management efficiency, ensure adequate liquidity, and optimize investment and business structure to improve core competitiveness [1] - In 2024, the company plans to strengthen the integration of various business segments to maximize overall efficiency and customer value [2] Challenges and Risks - The company faces challenges from a declining net profit margin, high management fees, and financial costs, primarily due to the underperformance of its subsidiary, Aijian Trust, which saw a net profit decrease of 110 million CNY in 2023 [3][4] - The overall economic environment remains difficult, with ongoing regional conflicts and a sluggish domestic real estate market impacting business operations [3] Future Outlook - The company is committed to transforming its business model and enhancing risk management while exploring new growth opportunities in the financial services sector [3][4]