Securities code: Sealand Securities Co.Ltd(000750) securities abbreviation: Sealand Securities Co.Ltd(000750) Announcement No.: 202216 Sealand Securities Co.Ltd(000750) summary of 2021 Annual Report
1、 Important tips
(I) 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 carefully read the full text of the annual report in the media designated by the CSRC.
(II) the annual report and summary of the company in 2021 were deliberated and adopted at the 14th meeting of the 9th board of directors and the 9th meeting of the 9th board of supervisors. Nine directors and three supervisors attended the meeting and exercised their voting rights. No director, supervisor or senior management cannot guarantee or object to the authenticity, accuracy and completeness of the report.
(III) the annual financial report of the company in 2021 has been audited by Deloitte Touche Tohmatsu (special general partnership) and issued a standard unqualified audit report.
(IV) the profit distribution plan for 2021 approved at the 14th meeting of the ninth board of directors of the company is as follows: Based on the company’s existing total share capital of 5444525514 shares, cash dividend of RMB 0.35 (including tax) is distributed to all shareholders of the company for every 10 shares, stock dividend distribution is not carried out, and a total profit of RMB 19055839299 is distributed, and the remaining undistributed profit of RMB 61348746222 is carried forward to the next year; In 2021, the company did not convert capital reserve into share capital.
2、 Basic information of the company
(I) Company Profile
Stock abbreviation Sealand Securities Co.Ltd(000750) Stock Code: Sealand Securities Co.Ltd(000750)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Qin Li, Li Sulan
Office address: 4th floor, annex building, Guohai building, No. 46 Binhu Road, Nanning, Guangxi
Tel: 0771553903807715532512
Fax: 07715530903
E-mail [email protected]. [email protected].
(II) main businesses of the company during the reporting period
The company implements the industry culture of “compliance, integrity, professionalism and soundness”, adheres to the core values of “compliance, integrity, professional innovation, tenacious responsibility, efficiency and win-win”, relies on good shareholder background and perfect corporate governance, creates an efficient and flexible market-oriented mechanism, cultivates a healthy and positive corporate culture, condenses a united, dedicated and professional talent team, and realizes sustained, rapid and healthy development. From the beginning of its establishment, the broker with single business has grown into a national listed comprehensive financial service enterprise whose main business covers securities, funds, futures, private investment funds, alternative investment and other diversified business systems. During the reporting period, the main businesses of the company are as follows:
1. Retail wealth management business
The company’s retail wealth management business acts as an agent for customers to buy and sell stocks, bonds, funds, futures, options and other tradable securities, provides all-round and customizable investment consulting, financial planning and asset allocation services according to customers’ needs, and provides professional investors with fund operation, investment and trading risk control system and other services. The company actively practices the concept of “customer-centered”, and is committed to building an intelligent wealth management ecosystem, creating a one-stop financial product supermarket, providing customers with product wealth management tools with good experience, all-round product evaluation, wealth management products of all product lines and selected fund services in the whole market. By the end of the reporting period, the company had 98 securities business departments, 21 branches engaged in retail wealth business, and its business outlets covered 21 provincial regions, including 52 business outlets in Guangxi. It is the securities company with the largest number of securities business outlets in Guangxi market, ranking first in market share in Guangxi, with obvious regional and brand advantages. The company carries out commodity futures brokerage business and financial futures brokerage business through its holding subsidiary Guohai Liangshi futures. Guohai Liangshi futures has 28 branches nationwide and can act as an agent for the trading, settlement and delivery of all listed futures varieties in China.
2. Enterprise financial service business
The company’s corporate financial services business adheres to the strategy of “based on regional development and building characteristic investment banks”, and is committed to providing all types and industries with high-quality corporate financial services in the whole life cycle, such as equity financing, debt financing, M & A and reorganization, specifically covering initial public offering (IPO), additional issuance, allotment of shares, corporate bonds, corporate bonds, convertible bonds, major asset restructuring, financial consulting and other types. In recent years, the company has successively provided diversified financial services including IPO, refinancing, mergers and acquisitions for more than 570 enterprises across the country, forming business characteristics such as IPO and refinancing of small and medium-sized enterprises.
3. Sales transaction and investment business
Sales trading and investment business mainly includes financial bond underwriting, self operated investment, financial market, trading and investment of small and medium-sized enterprises, etc. Financial bond underwriting business is the company’s brand business, which provides the government and policy banks with the commitment and distribution services of government bonds, financial bonds and other bonds. In terms of proprietary investment, the company invests in traditional securities investment varieties such as bonds, stocks and funds, as well as financial derivatives such as treasury bond futures, stock index futures, interest rate swaps and stock options, and continues to build the advantages of fixed income investment business. At the same time, the equity investment business has achieved rapid development, the structure of proprietary investment business has been continuously improved, and the rate of return on investment far exceeds the market performance in the same period. The company vigorously develops its financial market business, provides institutional investors with financial market services such as market making of fixed income securities and their derivatives and capital intermediary, and provides the market with transaction pricing services and liquidity support for bonds such as treasury bonds, policy financial bonds, local government bonds, interbank certificates of deposit and credit bonds, so as to meet the transaction service needs of various institutions. The company carries out equity, stock investment and market making trading of enterprises listed in the National SME stock transfer system and companies listed on the Beijing stock exchange, and develops together with innovative small and medium-sized enterprises.
The company carries out alternative investment business through its wholly-owned subsidiary Guohai investment, and carries out follow-up investment on the science and innovation board and equity investment of non listed companies with its own funds by focusing on four main lines: Science and technology, great health, industrial structure adjustment, and new consumption and services.
4. Investment management business
(1) Asset management business
The asset management business scope of the company includes collective asset management business (including large collection) serving multiple customers, asset management business serving a single customer, asset securitization business, investment consulting and other businesses. It has built a complete product chain covering fixed income investment, equity investment, quantitative investment, commodity derivatives investment, fof business, etc., and integrated fixed income + products, quantitative investment products Cash management products and other key products will be built into the fist products of asset management business.
The company always takes “pursuing absolute return and providing customers with satisfactory return on investment” as its development purpose, and is committed to building a unified comprehensive service platform for investment and financing management to help investors achieve steady growth of wealth.
(2) Public fund management business
The company carries out fund raising and investment management through its holding subsidiary Guohai Franklin. Guohai Franklin integrates the advanced operation and management mode, investment mechanism, research platform and risk control system of Chinese and foreign shareholders, integrates global vision and local experience, and forms a diversified business pattern of common development of stock investment, fixed income investment and overseas investment.
(3) Private investment fund business
The company carries out private investment fund management business through its wholly-owned subsidiary Guohai innovation capital, provides fund customers with asset allocation services in private equity investment, and provides enterprises with value-added services such as standardized operation, financial management, capital operation and other consulting services according to the needs of the invested enterprises. Guohai innovation capital has always focused on the two main lines of “scientific and technological innovation and healthy life”, focusing on the four key development fields encouraged by the state, including medical and health, large consumption, science and technology and advanced manufacturing, and carried out overall asset allocation with project investment in the growth and mature period supplemented by early project investment. The investment methods include VC, PE, block trading of listed companies, private placement, etc.
5. Credit business
The company provides customers with one-stop securities credit financing solutions including margin trading, refinancing securities lending, agreed repurchase securities trading, stock pledge Repurchase Trading, etc., forming a diversified “haizhirong” credit business product system.
6. Research operations
The company provides investors with research reports and other customized investment research services. The company’s research fields cover three major directions: macro strategy, fixed income and industry companies. Key industries include high-end manufacturing, scientific and technological innovation, medicine and health, large consumption, etc. it focuses on the new economy industrial chain to carry out research and analysis, forming characteristic research industries such as policy, strategy, food and beverage, and chemical industry. Its research services cover more than 200 public funds and insurance, and hundreds of private placement institutions. Through macro economy, meso industry Micro companies and other multi-dimensional analysis, grasp the industrial development trend and judge the industrial prospect opportunities.
(III) development and changes of the company’s industry, market competition pattern and the position of the company in the industry
1. Basic situation and development trend of the company’s industry
In recent years, with the accelerated construction of the new development pattern of China’s big cycle and China’s international double cycle, the hub position of the capital market has been increasingly improved. The development of the capital market and the reform and opening up of the financial system will provide broad development space for the securities industry. Under the policy combination of “no speculation in real estate + serving the real economy”, Chinese residents’ wealth continues to transfer from real estate and savings to the capital market; The science and innovation board and the Beijing stock exchange have been put into operation one after another, the comprehensive registration system is about to be implemented, the construction of multi-level capital market is becoming clearer, and the basic system of capital market is constantly improved; The capacity-building on the investment side has been accelerated, and business opportunities for retail, enterprises and institutions have emerged in an all-round way. The securities industry is in a period of historical opportunity for rapid development. At the same time, the business ecology, mode and development direction of the securities industry are undergoing profound changes, which puts forward higher requirements for the investment research and active management ability of securities companies. The development of the industry presents a development trend of comprehensive service, differentiated development and fierce competition.
2. Industry competition pattern
Under the background of the continuous deepening of capital market reform, equity and institutionalization will be the two major trends of industry development. The continuous expansion of supply side and demand side will bring changes and opportunities to the institutional business of securities companies. On the one hand, in December 2021, the central economic work conference proposed to fully implement the stock issuance registration system. Under the expectation of the sustainable development of the Beijing stock exchange and the comprehensive registration system, the supply of equity assets in China is expected to accelerate again, and the proportion of equity financing scale and asset securitization rate will be further improved; Under the influence of “no speculation in housing and housing” and the new regulations on asset management, the trend of residents’ asset allocation migrating to equity assets through institutional channels will continue, driving the continuous expansion of the scale of institutional equity products, and investment banking, asset management and other businesses will face great opportunities. On the other hand, with the continuous release of the development potential of the real economy, the wealth of Chinese residents has maintained a stable growth trend, and the additional allocation of financial assets by residents has become a general trend, providing broad market prospects and new business opportunities for the wealth management market. At the same time, the Matthew effect of the industry may be further strengthened. The head securities companies have more advantages in capital strength, scientific and technological level, business strategy and risk management. For medium-sized securities companies, the way to break the situation is to create professional and high-quality products and form differentiated competitive advantages.
3. Industry position of the company
As of the end of the reporting period, among the 140 securities companies, the total assets, net assets and net capital of the company
The scale ranks 35th, 36th and 39th in the industry respectively. In 2021, the company entrusted customer assets
The net income of management business ranks 24th in the industry; The securities investment income industry ranks 25th; Margin trading
The interest income industry ranks 39th; The investment banking business income ranks 46th in the industry; Agency trading certificate
The net income of securities business ranks 48th in the industry (from the data of China Securities Association). Corporate securities brokerage
The business ranks first in the market share in Guangxi, with obvious regional and brand advantages.
(IV) main accounting data and financial indicators
Does the company need to retroactively adjust or restate the accounting data of previous years
□ yes √ no
1. Main accounting data
(1) Main accounting data of consolidated financial statements
Unit: Yuan
Compared with 2019
After adjustment and adjustment in 2021 and 2020
Minus (%)
Operating income 517026155513448201521740 15.36356020807782
Net profit attributable to shareholders of listed company 7646193963272537627377 5.4148771678147
Net profit attributable to shareholders of listed companies after deducting non 7885805273172109901585 9.3647955076340 recurring profits and losses
The net amount after tax of other comprehensive income is -2574312229 -778823371, not applicable to 3084539840
through
