Company code: Sunny Loan Top Co.Ltd(600830) company abbreviation: Sunny Loan Top Co.Ltd(600830) Sunny Loan Top Co.Ltd(600830)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should http://www.sse.com.cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4. Lixin Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The net profit of the company (parent company) in 2021 was -1407579557 yuan, and 0 yuan of legal surplus reserve was withdrawn at 10%. With the undistributed profit of 25171148520 yuan in previous years, the actual profit available for distribution to shareholders in 2021 was 23763568963 yuan. In 2021, the company plans to distribute a cash dividend of RMB 0.11 (including tax) to all shareholders for every 10 shares based on the total share capital of 454322747 shares at the end of 2021.
At the end of the reporting period, the company's capital reserve was 52841039032 yuan. It is not planned to convert the capital reserve into share capital in 2021. Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A shares Shanghai stock exchange Sunny Loan Top Co.Ltd(600830) Sunny Loan Top Co.Ltd(600830) big red hawk, Yong Town God's Temple
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Qian Jing, Liu Qian
Office address: No. 158, Xihe street, Ningbo, Zhejiang, No. 158, Xihe street, Ningbo, Zhejiang
Tel: 057487315310
E-mail [email protected]. [email protected].
2. Introduction to the company's main business in the reporting period
During the reporting period, the company worked hard to create conditions to overcome all kinds of difficulties. The kinetic energy of economic operation was transformed and stable. The main objectives and tasks were successfully completed. The total operating revenue of the whole year was 261 million yuan, a year-on-year increase of 42%, and the total profit was 71.46 million yuan, a year-on-year increase of 2138%; Net profit and net profit attributable to the parent company turn losses into profits.
Economic benefits have increased steadily. Focus on the responsibilities of the main business owners, expand the market, tap potential, stimulate vitality, issue and implement the new five-year strategic plan, actively promote internal market-oriented reform, and constantly strengthen the strategic determination of "cultivating old business and opening up new business". The implementation of profit making center mechanism strongly supports the growth of revenue; The broker team has achieved initial results and broadened the offline customer acquisition channels; The internal expert team is taking shape, laying the foundation for product incubation and learning and research positions. Continuously improve the performance commission of business personnel and the access and exit mechanism of customer managers, further optimize the front desk staff structure and stimulate new vitality; The special class management of bad debt collection has made great efforts to tackle key problems, and some "old and difficult" projects have made substantial progress. During the reporting period, the new amount of pawn, guarantee and leasing business and the ending balance increased year-on-year, the new investment business also increased significantly year-on-year, and the enterprise efficiency rebounded significantly.
Corporate governance has improved significantly. First, pay close attention to the "root cause" of corporate governance, make accurate efforts, complete the special self-examination of corporate governance of listed companies, revise the systems of information disclosure, insider and investor relations management, and carry out on-site investigation and inspection of directors and supervisors, so as to continuously improve the corporate governance ability and governance level; Second, optimize the industry audit mechanism, improve the post supervision mechanism, improve the capital investment guarantee mechanism, and improve the business empowerment mechanism; Comprehensive risk management has promoted the deepening and innovation of business, further strengthened the role of audit "gatekeeper" and "supervisor", and made new progress in basic management ability. Third, we should do a good job in normalized discipline inspection and supervision, sign the letter of responsibility for comprehensively and strictly administering the party, strictly implement the normalized prevention and control of the epidemic, strengthen the responsibility for work safety, seriously carry out safety inspection and patrol, education and training, investigation and early warning and drill, zero accidents in work safety, and make solid progress in safety development.
The team building level continued to improve. First, the leadership of Party building has been significantly enhanced. Complete the election of the Party committee, establish the Commission for Discipline Inspection, complete and strengthen the Party committee team, improve the responsibility mechanism of Party construction, and further improve the quality of organization construction. We carried out in-depth study and education activities on the history of the party for a century, solidly promoted "I do practical things for the masses", established a vanguard Xiangyi Party member service team, and actively carried out the "three bright" activities, so that the integration of the party and industry was more in-depth and efficient. Second, the foundation of human resources is more stable. Establish a normal inventory mechanism, actively broaden talent introduction channels, and continuously strengthen performance-based salary management, so as to improve the effect of salary incentive. Third, cultural cohesion has been continuously improved. Deepen democratic management, unblock the channels for employees' demands, and complete the election of the new trade union. Actively promote corporate culture management, organize and carry out theme activities of the party, work group and characteristic mass cultural activities, improve employee care, and significantly improve employees' sense of well-being.
(1) Industry of the company
The company's business development is characterized by continuous and diversified operation, and the business development of each sector is relatively balanced. The development dynamics of industries in different business sectors during the reporting period are as follows:
① Pawn
Since the responsibilities of the business operation and supervision and management rules of pawnbrokers were transferred from the Ministry of Commerce to the China Banking and Insurance Regulatory Commission in 2018, various regulatory provisions have been issued one after another. In 2020, the China Banking and Insurance Regulatory Commission issued the notice on strengthening the supervision and management of pawnbrokers, further requiring local financial regulatory authorities to consolidate the responsibilities of all parties, implement classified supervision, strengthen daily supervision and strengthen punishment; The local financial supervision bureaus of provinces and cities have also successively issued supervision measures and rules. For example, in February 2021, Zhejiang local financial supervision and Administration Bureau issued the implementation measures for the supervision and administration of Zhejiang pawnbrokers (for Trial Implementation), and in June 2021, Ningbo local financial supervision and Administration Bureau issued the guidelines for the supervision and administration of Ningbo pawnbrokers (for Trial Implementation).
On the whole, the policy pays more attention to the supervision of the daily business behavior of pawnbrokers, such as clarifying the asset management requirements for the pawnbroker's property right pledge pawn balance and real estate mortgage pawn balance, guiding the pawnbroker to return to the original direction of business, and giving full play to the role of pawnbrokers in supporting small and micro enterprises, individual industrial and commercial households and "agriculture, rural areas and farmers" in inclusive financial services; Strengthen the supervision of local financial supervision departments on pawnbrokers, further standardize the business behavior of pawnbrokers, prevent industrial risks, promote the high-quality development of pawnbrokers in the new development period, and give full play to the role of serving and supporting the development of the real economy.
There are three pawn companies under the company. Yuantai pawn is currently the vice president unit of Zhejiang pawn industry association and the vice president unit of Hangzhou Pawn Industry Association; Deqi pawn is the vice president unit of Zhejiang pawn industry association and the president unit of Ningbo Pawn Industry Association; Shanghai Xiangyi pawn is the vice president unit of Shanghai pawn industry association.
② Guarantee
Since the State Council issued the regulations on the supervision and administration of financing guarantee companies in 2017, various regulatory rules and supplementary provisions have been issued one after another. The financing guarantee industry is in the development stage of reducing and increasing quality, the overall risk of the industry has been alleviated, the financial indicators are generally improving, and the financing guarantee industry has developed healthily. During the reporting period, in terms of regulatory policies, Zhejiang local financial regulatory bureau issued the measures for the supervision and administration of Zhejiang financing guarantee companies (for Trial Implementation) on April 20, 2021, which further standardized the business behavior of financing guarantee companies, supported the development of Inclusive Finance and prevented risks. In terms of business operation, the Ministry of housing and urban rural development issued the notice on printing and distributing the model text of engineering guarantee on January 27, 2021, so as to promote the construction of guarantee system in the field of engineering construction and promote the healthy development of construction market; The general office of Zhejiang Provincial People's government issued the notice on printing and distributing the three-year growth plan of small and micro enterprises in Zhejiang Province (20212023) on April 12, 2021 to further promote the construction of policy financing guarantee system and gradually reduce the average rate of government guarantee to less than 1%. Under the promotion of the national 14th five year strategic plan, guarantee is playing a great role in promoting the financing of small and micro enterprises and real economies such as agriculture, rural areas and farmers in the fields of engineering construction and contract performance; At the same time, policy guidance has led to a gradual decline in rates and a narrowing of industry revenue. Future industry development will focus on accelerating digital construction, exploring and promoting product standardization and business batch, enhancing digital risk control capability, increasing the supply of guarantee and credit enhancement products, and developing business varieties that meet more scenarios. The company will continue to explore the whole industrial chain layout in the field of project performance guarantee and expand its business scale; Actively respond to national policies, support the development of innovative, science and technology-based small, medium-sized and micro enterprises, and provide financing services through linkage financing guarantee products.
③ Finance lease
Since the responsibilities of the operating rules and supervision and management rules of the financial leasing industry were transferred from the Ministry of Commerce to the China Banking and Insurance Regulatory Commission in 2018, various regulatory provisions have been issued one after another, the adjustment of the norms of the financial leasing industry has accelerated, the liquidation of the industry has accelerated, and the short-term development is facing a severe competitive situation. On May 19, 2021, SASAC issued the notice on further promoting the healthy development and strengthening risk prevention of financial leasing companies affiliated to central enterprises, which made it clear that financial leasing companies affiliated to central enterprises should return to the origin of leasing and adhere to the functional orientation of serving the real economy based on the main business and the upstream and downstream of the supply chain of the industrial chain; Make normative requirements for the problems and risks of financial leasing companies in due diligence, lease management and capital investment. On the whole, due to the lack of macroeconomic power and the decline of asset quality, the growth rate of the financial leasing industry has slowed down, the external regulatory policies and on-site supervision have been strengthened, the development of the industry has shown a trend of continuous differentiation, and the head enterprises have more prominent advantages in market and risk control, focusing on subdivided fields and maintaining competitive advantages; Some enterprises in the industry pursue short-term benefits, the development direction is unclear, the industrial research is not in-depth, and the homogenization of business areas is serious. It is difficult to form their own core competitiveness and will be gradually eliminated by the market. Subsequently, the company will accelerate the transformation and upgrading of leasing business, deeply tap the needs of small, medium-sized and micro enterprises, devote itself to serving entities, deeply cultivate traditional cooperation fields such as ship transportation and photovoltaic power stations, seek emerging cooperation fields such as new energy market and equipment operating leasing, and further improve the level of risk management.
④ Financial investment business
In order to curb excessive lending and put pressure on real estate developers through the supply side, the notice on establishing the real estate loan concentration management system of banking financial institutions at the end of 2020 and a series of supplementary policies were successively issued in 2021. For example, in March, the China Banking and Insurance Regulatory Commission issued documents to strictly investigate the flow of business loans in the field of real estate; In May, the fund industry association suspended the filing of asset management plan products such as fund subsidiaries in the form of non-standard financing as a channel; In July, the bidding, auction and listing of land purchase enterprises fully implemented the qualification examination and capital source examination mechanism of land purchase enterprises. During the policy digestion and transition period, real estate financing showed a trend of loosening before tightening, and the overall financing amount contracted significantly. At present, for the land deposit and land fund financing of real estate developers, the supervision has clearly prohibited banks, trusts, asset management and even private placement funds from providing land fund financing to real estate enterprises. Other types of financing from financial or similar financial institutions through leverage is contrary to the original intention of the current supervision, and will exit soon in the future. The company will quickly optimize and adjust the structure of financial investment business, further evaluate the sustainability and risk factors of existing business, and deeply explore new business suitable for the long-term development goal of the enterprise.
This part mainly focuses on the introduction of the industries involved in the investment of corporate financial investment business and the changes of its policies.
In recent years, the pressure on China's economic operation has increased, and the impact of covid-19 epidemic has been superimposed. The absolute amount of non-performing loans of banks and other financial institutions has increased rapidly. At the same time, due to objective factors such as downward asset prices, longer disposal cycle, professionalism of disposal team and cost-effectiveness, there is a strong demand for the output table of bad assets of banks; In addition to the bank's non-performing creditor's rights assets, the operation of real enterprises is generally difficult, and the liquidity is difficult. The enterprise restructuring and bankruptcy assets, litigation related assets and other emergency realized assets are involved, involving the disposal and Realization of special assets. There is a huge market space in the future. In 2020 and 2021, the company successively introduced external experienced professionals, gradually tried to promote special asset business, and tried to cultivate a new profit driven sector of the company.
(2) Business of the company during the reporting period
① Pawn business
a. Business model
Pawn business is a business in which the pawnbroker takes his movable property, property rights or houses as collateral, obtains the pawn, pays the pawn interest, repays the pawn and redeems the pawn within the agreed period.
The company is positioned to serve individuals and small and micro enterprise customers, and has business premises in Hangzhou, Ningbo and Shanghai. Code undertaken by the company
The pawn business is divided into real estate mortgage loan, chattel pledge loan and property right pledge loan according to different pawn categories, mainly pawn
Including ordinary houses, townhouses, commercial houses, vehicles, shares of listed companies, equity of non listed companies, etc.
b. Business analysis
Under the situation of stricter overall control, the company timely lowered the comprehensive rate, revealed the dislocation competitive advantage, and customers showed a return
The amount of current pawn loans increased by 89% compared with the same period last year, and the overall scale of pawn business at the end of the reporting period increased by 21% compared with the beginning of the reporting period. From reporting period
In terms of the structure of pawn business at the end of the year, it still presents the characteristics of small amount
