Company code: China International Capital Corporation Limited(601995) company abbreviation: China International Capital Corporation Limited(601995) China International Capital Corporation Limited(601995)
Summary of annual report 2021
Section I important note 1 the summary of this annual report is from the full text of the annual report. In order to fully understand the operating results, financial status and future development plan of China International Capital Corporation Limited(601995) (hereinafter referred to as "the company", "the company" or " China International Capital Corporation Limited(601995) "), investors should go to the website of Shanghai Stock Exchange: http://www.sse.com.cn. . websites designated by the Hong Kong Stock Exchange: https://www.hkexnews.hk (Disclosure website of Hong Kong Exchanges and Clearing Limited) carefully read 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 that the contents of the annual report are true, accurate and complete, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. The report was reviewed and approved by the board of directors of the company. All directors of the company attended the meeting of the board of directors in person except the following directors. No director raised any objection to this report.
Name Title Reason for not attending in person name of the entrusted person
Duan Wenwu, non-executive director, other official arrangements, Zhu Hailin
4 the 2021 financial statements prepared by the company in accordance with the Chinese accounting standards for business enterprises and the international financial reporting standards were audited by Deloitte Huayong Certified Public Accountants (special general partnership) and Deloitte guanhuang Chenfang certified public accountants respectively, and issued a standard unqualified audit report. Unless otherwise specified, the data listed in this report are in RMB. 5. The profit distribution plan for the reporting period or the plan of converting accumulation fund into share capital approved by the resolution of the board of directors. The company plans to distribute cash dividends to shareholders in the form of cash dividends in 2021. The total amount of cash dividends to be distributed is RMB 144817706040 (including tax). Based on the total number of 4827256868 shares of the company as of the last practicable date, a cash dividend of RMB 3.0 (including tax) will be distributed for every 10 shares. If the total number of issued shares of the company on the equity registration date of equity distribution changes, the amount of cash dividend per share will be adjusted accordingly within the total amount of RMB 144817706040 (including tax). The plan needs to be submitted to the general meeting of shareholders for deliberation and approval. Section II basic information of the company 1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock code
A-share Shanghai Stock Exchange China International Capital Corporation Limited(601995) China International Capital Corporation Limited(601995)
H-share Hong Kong Stock Exchange China International Capital Corporation Limited(601995) 03908
Contact person and contact information
Contact: Secretary of the board of directors: Sun Nan securities affairs representative: Zhou Cen
Contact address: 27th floor and 28th floor, building 2, international trade building, No. 1, Jianguomenwai street, Chaoyang District, Beijing, China
Tel. + 86-1065051166
Fax + 86-1065051156
E-mail [email protected].
2. Introduction to the company's main business in the reporting period
(I) investment bank
1. Equity financing
market environment
In 2021, 520 A-share IPOs were completed, with a financing scale of RMB Zhejiang Aokang Shoes Co.Ltd(603001) billion, an increase of 24.7% year-on-year; A total of 471 A-share refinancings were completed, with a financing scale of RMB 712217 billion, an increase of 18.6% year-on-year.
In the primary market of Hong Kong stocks, 95 IPOs were completed, with a financing scale of US $42.841 billion, a year-on-year decrease of 17.0%; A total of 286 Hong Kong stocks were refinanced and reduced, with a transaction scale of US $71.876 billion, an increase of 62.4% year-on-year.
In the primary market of US stocks, Chinese enterprises completed 41 US stock IPOs, with a financing scale of US $13.690 billion, a year-on-year decrease of 3.5%. A total of 73 US stock refinancing and reduction of Chinese enterprises were completed, with a transaction scale of US $7.505 billion, a year-on-year decrease of 69.6%.
Business initiatives and performance
In 2021, the company, as the lead underwriter, completed 23 A-share IPO projects, with a lead underwriting amount of RMB 100538 billion, ranking second in the market. Continued to consolidate the advantages of large projects and took the lead in completing A-share IPO projects including China Telecom Corporation Limited(601728) , Baiji Shenzhou. As the lead underwriter, the company completed 37 A-share refinancing projects, with a lead underwriting amount of 81.314 billion yuan, ranking second in the market. In 2021, as the sponsor, the company took the lead in underwriting 31 Hong Kong stock IPO projects and completed ideal automobile, Ctrip and other projects, with a lead underwriting scale of US $5.981 billion, ranking second in the market; As the global coordinator, he led the underwriting of 38 Hong Kong stock IPO projects, with a lead underwriting scale of US $5.651 billion, ranking first in the market; As the bookkeeper, he has mainly underwritten 41 Hong Kong stock IPO projects, with a lead underwriting scale of US $4 billion, ranking first in the market. The company, as the Bookrunner, underwrites 21 Hong Kong stock refinancing and reduction projects, with a lead underwriting scale of US $5.307 billion, ranking fifth in the market.
In 2021, the company, as the Bookrunner, took the lead in underwriting 8 US stock IPO projects of Chinese funded enterprises, with a lead underwriting scale of US $1.256 billion, ranking fourth in the market. In 2021, the company, as the bookkeeper, took the lead in underwriting one US equity refinancing project of Chinese funded enterprises, with a lead underwriting scale of US $60 million.
In 2021, we will fully implement the major decisions and arrangements of the CPC Central Committee and the State Council and promote the high-quality development of investment banking in the overall pattern of serving national development.
In terms of serving national scientific and technological innovation, the IPO Financing scale of science and innovation board and gem was nearly 60 billion yuan, including Zhuzhou Crrc Times Electric Co.Ltd(688187) , China Railway Construction Heavy Industry Corporation Limited(688425) and other benchmark projects. In terms of serving the green development strategy, the transaction scale of relevant equity projects was 132307 billion yuan, ranking first in the market scale, including the IPO of Xinjiang Daquan science and technology innovation board, Sungrow Power Supply Co.Ltd(300274) A-share refinancing, Byd Company Limited(002594) H-share placement and other projects.
Project 20212020
A-share principal underwriting amount issuance quantity principal underwriting amount issuance quantity
(RMB million) (RMB million)
Initial public offering 100538236241732
Refinancing issue 81314374043319
Project 20212020
Amount of principal underwriting of Hong Kong shares number of issues amount of principal underwriting of Hong Kong shares number of issues
(millions of dollars) (millions of dollars)
Initial public offering 400041400633
Refinancing issue 530721282122
Project 20212020
Principal underwriting amount of Chinese funded US shares issued quantity principal underwriting amount issued quantity
(millions of dollars) (millions of dollars)
Initial public offering 1256 8 1303 7
Refinancing issue 60 1 3001 6
Data source: according to the company's statistics, the A-share market is Wande information, and the overseas market is Dealogic database; Note: domestic refinancing includes private placement, public placement and share allotment; Refinancing of Hong Kong stocks and Chinese funded US stocks includes additional issuance, allotment and bulk reduction transactions
2022 outlook
In 2022, the company will continue to improve its political position, give full play to its professional advantages, take serving the national strategy as the work guide, and comprehensively promote the high-quality development of investment banking business; We will seize the opportunities brought by the comprehensive registration system reform and the implementation of overseas listing related systems, strengthen capacity-building, increase the breadth and depth of customer coverage, increase the number of project reserves, and improve market share and ranking; We will continue to implement the regional strategic deployment, strengthen the coverage of regional leading enterprises, enhance customer reserves, and firmly promote regional sinking; We will continue to improve our internationalization capabilities, broaden the international network layout, increase the coverage of multinational corporations, accurately grasp the thematic opportunities under the changing trend of the international environment, build the full product service capacity of international customers, and enhance CICC's overseas influence.
2. Debt and structured financing
market environment
Domestically, in 2021, the macroeconomic situation continued to recover. Under the monetary policy of basically good orientation and moderate balance of China's economy, the bond market yield declined as a whole and the overall issuance scale increased slightly throughout the year. In 2021, the issuance scale of domestic credit bonds was 20.06 trillion yuan, a year-on-year increase of 5.1%, and continued to expand steadily; The issuance scale of local government bonds was 7.48 trillion yuan, a year-on-year increase of 16.1%, realizing rapid growth; The issuance scale of asset securitization products was RMB 3.14 trillion, with a year-on-year increase of 8.7%, and continued to grow steadily.
Overseas, the initial interest rate was low at the beginning of the year, and then fell slightly after rising sharply due to the impact of US inflation and economic growth expectations. In the second half of the year, the real estate financing environment was significantly tightened, superimposed on the credit events in the high-yield real estate sector in the fourth quarter, and the yield of Chinese dollar bonds gradually rose. The scale of overseas issuance of Chinese bonds was US $202845 billion in 2030, a year-on-year decrease of 1.25%. Business initiatives and performance
In 2021, we have completed 1062 fixed income projects, with a year-on-year increase of 29.4%; Including 850 domestic bond underwriting projects, with an underwriting scale of RMB 729684 billion; 212 overseas bond underwriting projects, with an underwriting scale of US $12.509 billion.
In 2021, China International Capital Corporation Limited(601995) debt and structured financing business adhered to the goal of serving the real economy and made outstanding achievements in promoting public offering of REITs products for infrastructure, supporting the national dual carbon strategy and boosting rural revitalization. In 2021, China International Capital Corporation Limited(601995) domestic bond underwriting scale ranked fifth in the industry, asset-backed securities underwriting scale ranked second in the industry, and domestic convertible bond underwriting scale ranked second in the industry. In the field of infrastructure public offering REITs, China International Capital Corporation Limited(601995) financial consultant ranks first in the market, and continues to lead the market in market making, strategic investment and research coverage. In terms of overseas bonds, China International Capital Corporation Limited(601995) Chinese enterprises ranked first in the overseas bond underwriting scale in the whole market. In the subdivided fields, the number of overseas convertible bonds underwriting by Chinese enterprises ranked first in the industry, and maintained the first underwriting scale of investment grade US dollar bonds of Chinese enterprises for six consecutive years.
In terms of representative projects completed and product innovation, in the field of infrastructure public offering REITs, China International Capital Corporation Limited(601995) assisted prolos China and Shanghai Hangzhou Ningbo Expressway to complete the issuance of the first batch of infrastructure public offering REITs in China. In the field of carbon neutral bonds, China International Capital Corporation Limited(601995) assisted national energy group, Huaneng Group and other companies to complete the issuance of the first batch of carbon neutral corporate bonds of the exchange, assisted China Development Bank to complete the issuance of carbon neutral financial bonds for global investors for the first time, and assisted China Energy construction investment to complete the issuance of the first carbon neutral REITs. In addition, China International Capital Corporation Limited(601995) assisted the Shenzhen Municipal Government in issuing the first offshore RMB bonds of Chinese local governments, assisted the Guangdong Provincial Government in completing the first issuance of Chinese local government bonds in the Macao market, and assisted Wens Foodstuff Group Co.Ltd(300498) in completing the largest convertible bond issuance of non-financial enterprises on the gem. Overseas, China International Capital Corporation Limited(601995) as the only Chinese investment bank, participated in the issuance of foreign currency sovereign bonds by the Ministry of finance of China as the lead underwriter and bookkeeping manager for a total of 8 times in five consecutive years. In ESG subject area, China International Capital Corporation Limited(601995)
