Financial Performance - Total revenue for 2023 was RMB 41,765.12 million, a decrease of 0.51% compared to RMB 41,980.22 million in 2022[51]. - Profit before tax for 2023 was RMB 1,565.88 million, down 80.42% from RMB 7,999.04 million in 2022[51]. - Net profit attributable to shareholders for 2023 was RMB 1,008.41 million, a decline of 84.59% from RMB 6,545.35 million in 2022[51]. - Cash flow from operating activities for 2023 was RMB 14,902.04 million, a decrease of 16.25% compared to RMB 17,793.02 million in 2022[51]. - Basic earnings per share for 2023 were RMB 0.08, down 84.00% from RMB 0.50 in 2022[51]. - The weighted average return on equity for 2023 was 0.61%, a decrease of 3.38 percentage points from 3.99% in 2022[51]. - The net income for the asset management business in the reporting period was RMB 36.418 billion, a decrease from RMB 39.690 billion in the same period last year, reflecting a decline of approximately 5.7%[90]. - The wealth management business generated revenue of RMB 14.37 billion, a decrease of RMB 885 million or 5.80% year-on-year, mainly due to reduced securities brokerage income[122]. - The investment banking business reported revenue of RMB 4.34 billion, down RMB 306 million or 6.59% year-on-year, primarily due to a decline in IPO financing amounts[122]. - The trading and institutional services business saw revenue increase to RMB 5.32 billion, up RMB 851 million or 19.06% year-on-year, driven by market volatility[122]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.00 per share, totaling RMB 1,300,454,163.30, which accounts for 128.96% of the net profit attributable to shareholders for 2023[2]. - The company repurchased nearly RMB 600 million worth of A-shares, positively impacting shareholder confidence and stabilizing market expectations[8]. Customer Base and Market Position - As of the end of 2023, the company has served over 24 million clients, reflecting a strong customer base[6]. - The company has maintained a leading position in equity financing business, showcasing its professional advantages in the industry[7]. - The company has cumulatively assisted nearly 60 enterprises in listing on the Sci-Tech Innovation Board, ranking second in total fundraising scale in the market[5]. - The company is focused on building a customer-centric business system and a management system centered on service operations[9]. Digital Transformation and Innovation - The company is advancing its digital transformation with the goal of building a "Digital Haitong 2.0" platform, emphasizing agility, platformization, and intelligence[7]. - The company launched several innovative financial products, including the first offshore bond in the Shanghai Free Trade Zone and a green asset-backed security project, contributing to its recognition in the industry[149][150]. - The company launched the industry's first vertical large model "Fan Hai Yan Dao" in 2023, enhancing financial services through intelligent applications such as smart Q&A and research reports[151]. Risk Management and Compliance - The company emphasizes compliance and risk management, reinforcing its internal control foundation amid a tightening regulatory environment[9]. - The company has established a multi-level risk management organizational structure, clearly defining responsibilities across the board, supervisory committee, management, chief risk officer, and various departments and subsidiaries[161]. - The company faces various risks including compliance risk, money laundering and terrorist financing risk, credit risk, market risk, operational risk, liquidity risk, and reputation risk, with specific measures in place to address these[166]. - The company has implemented a strategy to enhance compliance management, focusing on system construction, mechanism development, team building, and system upgrades[170]. Asset Management and Investment Strategy - The total asset management scale of the group reached nearly RMB 2 trillion by the end of 2023, reflecting a strategic focus on high-quality development in asset management[85]. - The private equity investment fund added 52 new investment projects in 2023, with a total investment amount of RMB 3.1 billion, while the total number of managed funds increased to 63, up from 55 at the end of the previous year[93]. - The company has focused on high credit rating assets in its investment strategy to control concentration risk[174]. Corporate Governance and Structure - The company has established a scientific and standardized corporate governance structure, ensuring clear responsibilities among the board of directors, supervisory board, and management[35]. - The company has a strong presence in both A-shares and H-shares markets, listed on Shanghai Stock Exchange (600837) and Hong Kong Stock Exchange (6837)[27]. - The company has established a comprehensive network for information disclosure, ensuring transparency and compliance with regulatory requirements[27]. Social Responsibility and Public Welfare - The company donated approximately RMB 16.56 million for public welfare activities throughout the year, including support for earthquake relief efforts in Gansu[8]. - The company established the "Love in Haitong" public welfare foundation to lead various charitable initiatives[8]. Future Outlook and Strategic Goals - The company aims to strengthen its financial resource allocation function to support the real economy and promote high-quality development[5]. - The company anticipates further industry concentration and supports securities firms in achieving growth through innovation and mergers[153]. - In 2024, the company plans to enhance its investment banking services to provide high-quality direct financing for the real economy[157].
海通证券(06837) - 2023 - 年度财报