After hours on January 20, Everbright Securities Company Limited(601788) disclosed the announcement of annual performance increase in 2021. In 2021, the company realized an operating revenue of 16.705 billion yuan, an increase of 5% over the previous year; The net profit attributable to shareholders of listed companies was 3.501 billion yuan, an increase of 50% over the previous year.
At the same time, Everbright Securities Company Limited(601788) announced that the company had accrued asset impairment reserves and estimated liabilities of RMB 1.128 billion in 2021.
net profit in 2021 increased by 50% year-on-year
According to the announcement, the operating revenue of Everbright Securities Company Limited(601788) is expected to reach 16.705 billion yuan in 2021, an increase of 5% over the previous year; The net profit attributable to shareholders of listed companies was 3.501 billion yuan, an increase of 50% over the previous year
source: Everbright Securities Company Limited(601788) announcement
For the main reason for the expected increase in performance in the current period, Everbright Securities Company Limited(601788) explained that since the company’s wealth management business income, institutional business income, bond underwriting and trading business income increased over the same period of the previous year, asset impairment losses and estimated liabilities decreased significantly over the previous year.
“In 2021, China’s securities market was active, and the trading volume and direct financing scale of stock funds in the two cities increased year-on-year. The company actively grasped market opportunities and solidly promoted business development.” Everbright Securities Company Limited(601788) indicates.
Everbright Securities Company Limited(601788) the performance forecast shows that by the end of 2021, the company’s total assets were 239.234 billion yuan, a year-on-year increase of 4.59%.
provision for asset impairment
and estimated liabilities of RMB 1.128 billion
Everbright Securities Company Limited(601788) also issued an announcement on the provision for asset impairment and estimated liabilities. In 2021, the company made provision for asset impairment and estimated liabilities of RMB 1.128 billion. Specifically, the accrued items mainly include accounts receivable (including other receivables), financed funds, estimated liabilities, finance lease receivables, bond investment, etc.
Everbright Securities Company Limited(601788) in the early stage, it has announced the MPS matters and relevant progress of Everbright capital and its subsidiaries. In 2021, Everbright capital, in accordance with the accounting standards for Business Enterprises No. 13 – contingencies, comprehensively considered the progress of MPS matters, the relevant litigation and arbitration judgments involved in Everbright capital and its subsidiaries, as well as the corresponding payment obligations according to the judgment results, and based on the principle of prudence, accrued an estimated liability of RMB 733 million for this matter.
Everbright Securities Company Limited(601788) said that it would assess the impact on the company according to the progress of MPs, and fulfill the obligation of information disclosure in accordance with relevant laws and regulations.
Previously, Everbright capital applied for retrial to Shanghai Higher People’s court for litigation related to China Merchants Bank Co.Ltd(600036) and other contract disputes of Huarui bank. At present, Everbright capital has received the notice of acceptance of civil application for retrial cases from Shanghai Higher People’s court for the above two cases respectively. Shanghai Higher People’s court has decided to file and review Everbright capital’s retrial application, and the final review result is still uncertain.
company response: firm determination and pace of development
In view of the development of the company, Everbright Securities Company Limited(601788) party secretary and chairman Yan Jun said that the company resolutely implements the requirements of the Party Central Committee of “taking the lead in stability and seeking progress in stability”, adheres to the duty of financial services to the real economy, actively practices the national strategy, actively resolves risk events, and earnestly performs its own political, economic and social responsibilities.
Yan Jun said that in 2021, the company strengthened the strategic guidance, returned to the business origin, continuously deepened the reform of system and mechanism, implemented the value orientation, accelerated the transformation and upgrading, continuously strengthened and improved the construction of risk control and compliance system, and achieved steady progress in reform and development. At the same time, the company has firm faith, continuously strengthened the construction of discipline and style, connected the rectification of discipline with deepening reform, improving system and promoting governance, continuously purified the political ecology, and laid a solid foundation for the development of the company. In the future, the company will strengthen its determination and pace of development, actively integrate into the new development pattern and achieve high-quality development.
Everbright Securities Company Limited(601788) said that in recent years, the company has further strengthened and improved the construction of risk control and compliance system, constructed a stable and prudent risk culture, and comprehensively improved the ability of risk prevention and resolution from the aspects of improving the risk management system, realizing the full coverage of risk management, implementing the responsibilities of relevant personnel at all levels, strengthening accountability, strengthening professional management and decision-making.
