Founder Securities(601901)2023-02-27 16:00Financial Performance - The company achieved an operating revenue of 7.777 billion yuan and a net profit attributable to shareholders of 2.148 billion yuan, representing a year-on-year growth of 18%[10]. - The net profit attributable to shareholders reached RMB 2.148 billion, a year-on-year increase of 17.88%, marking a six-year high[17]. - Total operating revenue for 2022 was ¥7,776,967,803.03, a decrease of 9.79% compared to ¥8,621,202,071.85 in 2021[55]. - Net profit attributable to shareholders for 2022 was ¥2,148,043,358.68, an increase of 17.88% from ¥1,822,282,069.48 in 2021[55]. - Total assets as of the end of 2022 reached ¥181,611,932,430.60, reflecting a growth of 5.21% from ¥172,612,882,164.42 at the end of 2021[56]. - The company's total liabilities increased by 5.57% to ¥137,735,537,049.12 in 2022 from ¥130,468,951,618.20 in 2021[56]. - Basic earnings per share for 2022 were ¥0.26, up 18.18% from ¥0.22 in 2021[57]. - The weighted average return on equity for 2022 was 5.09%, an increase of 0.59 percentage points from 4.50% in 2021[57]. - The net cash flow from operating activities for 2022 was negative at -¥5,408,561,344.62, a decline of 132.86% compared to ¥16,458,178,312.19 in 2021[55]. Wealth Management and Client Base - The wealth management business signed assets exceeding 101.4 billion yuan, with a total of 907,000 clients[10]. - The company added nearly 1.6 million new clients during the reporting period, with a total client base exceeding 14.83 million, ranking 8th in the industry[87]. - The company’s wealth management business generated revenue of 2.60 billion yuan from selling financial products[97]. - The company’s wealth management business maintained a leading position, with over 14.8 million clients, ranking 8th in the industry[125]. Investment and Asset Management - The company aims to enhance its wealth management, investment trading, and private equity investment businesses to achieve rapid development[14]. - The company is focused on optimizing asset allocation and improving asset yield to enhance profitability[15]. - The company has established a collaborative model of "investment + investment banking + research" to provide comprehensive lifecycle services to clients[11]. - The company plans to expand its public fund management business, focusing on increasing the scale of money market funds and developing insurance-themed index products[186]. - The company is committed to enhancing its asset management capabilities by optimizing asset allocation and improving yield rates[188]. Risk Management - The company has maintained a zero increase in risk projects throughout 2022, with no deterioration in existing business risks[12]. - The company successfully avoided credit and market risks, with no new risk events reported throughout the year[17]. - The company has established a comprehensive risk management system, ensuring that various risks are measurable, controllable, and bearable[191]. - The company has implemented a multi-level risk management framework, covering credit risk, market risk, liquidity risk, operational risk, and more[194]. - The company has developed a mature internal rating system with 28 rating models to cover credit risk across various financial products[197]. Green Finance and Social Responsibility - The company issued approximately 8.5 billion yuan in green bonds over the past two years to support the "dual carbon" goals[11]. - The company supported rural revitalization efforts with an investment of 10.56 million yuan in 2022, benefiting 29 counties[14]. - The company assisted 25 rural revitalization projects, benefiting 33,000 people[17]. - The company actively promoted green finance, underwriting five green bonds that raised CNY 4 billion to support green industry development[119]. Operational Efficiency and Future Plans - The company plans to focus on market expansion and new product development to drive future growth[68]. - The company is committed to becoming a large comprehensive securities firm with distinctive wealth management features and high-quality development[183]. - The company recognizes the increasing importance of digital transformation in the securities industry, leveraging technologies such as AI, blockchain, and big data to enhance operational efficiency[181]. - The company is focused on enhancing operational efficiency by optimizing the asset side, liability side, and cost side of its operations[188]. - The company is leveraging shareholder resources to strengthen its wealth management and private equity fund capabilities[189]. Business Qualifications and Structure - The company has obtained various business qualifications, including online securities entrustment and securities underwriting, approved by the China Securities Regulatory Commission (CSRC)[27]. - As of the end of the reporting period, the company has a total of 423 branches in the domestic market, including 363 securities business departments, 24 branch offices, and 36 futures branches[48]. - The company has a diverse range of subsidiaries, including Founder Securities Investment and Founder Hong Kong Financial Holdings, with registered capitals of 15 billion yuan and approximately 1.05 billion HKD, respectively[47]. - The company was established in 1988 with an initial registered capital of 10 million yuan, which has significantly increased over the years through various capital increases and restructuring[33].