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Brief Review of Guotai Junan 2020 Annual Report

From:GuoTaiJunAn|     2021-04-29 13:56:26|     Print

Recently, Guotai Junan released its 2020 annual report. In the extraordinary year of 2020, Guotai Junan adheres to the general tone of striving for progress while maintaining stability, firmly adheres to the strategic direction, seizes policy opportunities for development, actively serves the major strategic deployment of the central government and Shanghai, fully fulfills the original mission of serving the real economy, and resolutely wins the two tough battles of epidemic prevention and control and resumption of work and production.

In 2020, GTJA's consolidated operating revenue was 35.2 billion yuan, an increase of 18% over the same period of last year; the net profit attributable to the parent company was 11.1 billion yuan, an increase of 29% over the same period of last year; the return on net assets was 8.54%, an increase of 1.79 percentage points over the same period of last year; GTJA's operating performance and main business ranking rose steadily and continued to maintain the forefront of the industry. According to the disclosed data in the annual report of the same industry, GTJA's consolidated operating revenue and consolidated net profit are ranked third and second in the industry respectively.

By the end of the reporting period, the total assets of GTJA had reached 702.9 billion yuan, an increase of 26% compared with the end of last year; the net capital of the parent company was 88.5 billion yuan, an increase of 3% compared with the end of last year, ranking first in the industry.

In the past three years, the proportion of dividends has increased year by year. In 2020, the distribution plan is to distribute cash dividends of 0.56 yuan (tax included) per share, accounting for 44.80% of the net profit attributable to the owners of the parent company.

GTJA's business system is comprehensive and balanced, and its main business is in the forefront of the industry. Among them, the number of securities underwriters and underwriting amount rank the third in the industry, the number of managed private funds rank the second in the industry, the balance of funds raised by margin trading business ranks the fourth in the industry, the net income of agency trading securities business (including seat leasing) ranks the first in the industry, and the trading volume of Guotai Junan Futures financial futures ranks the second in the industry Ranked second in the industry, Guotai Junan asset management monthly active management scale ranked second in the industry.

Among them, after the implementation of the reform of business division system and the optimization of operation mechanis-m, the vitality of GTJA's investment banking business was released, with the annual securities underwriting amount of 815.3 billion yuan, a year-on-year increase of 44.4%; the equity underwriting amount of 1024 billion yuan, a year-on-year increase of 35%; the bond underwriting scale of 712.8 billion yuan, a year-on-year increase of 46%; the IPO underwriting scale of 21.7 billion yuan, a year-on-year increase of 212%, and the market share increased significantly.

GTJA carried out the pilot of consolidated supervision, strengthened the group management and control, obtained the classified evaluation of a-aa level of securities companies for 13 consecutive years, and continued to maintain the highest international credit rating of S & P and Moody's in the domestic industry. The annual expense income ratio was 38%, with a year-on-year decrease of 0.71%.

Facing to Covid-19, GTJA built a group prevention and control system covering the whole group for the first time, racing against the time and fighting against the disease, protected the health of employees and their families, ensured the normal development of customer service, maintained the security of the financial system, mobilized all possible forces to support the front line of anti epidemic, and donated nearly 25 million yuan of funds and funds to the medical team of Hubei Province and Shanghai Medical supplies, help enterprises issue 21.6 billion yuan of epidemic prevention and control bonds, help to resume work and production, and build a bridge of love with responsibility and responsibility.

GTJA unswervingly promotes the strategic transformation, takes the comprehensive reform of Shanghai as the starting point, and according to the strategic path concept of "Nine-Year Strategic Plan in three "3-years" step", strives to build "a respected, leading and internationally competitive modern investment bank". According to the international standard, GTJA focuses on retail, enterprise and institution customers, adjusts the organizational structure and optimizes the operation and management mechanism, strengthens seven business lines, adds four collaborative development committees, and carries out the first public selection of professional managers in recent years; promotes the A-share restricted stock incentive plan in the industry, tightening the long-term interests of GTJA, shareholders and core backbone Tight binding has filled the long-term mechanism short board that has plagued GTJA for many years, forming a good reform demonstration effect and market influence.

2021 is the first three-years of the strategic path of Guotai Junan's "Nine-Year Strategic Plan in three "3-years" step". GTJA will adhere to the general tone of seeking progress while maintaining stability and strengthening the foundation. It will continue to implement the working principle of "driving force for reform, vitality for talents, efficiency for management and development for innovation", and follow the principle of "comprehensive service, digital operation, international layout and centralized management" In order to achieve high-quality development, we should strengthen the implementation of strategy, strengthen transformation and innovation, deepen value creation.

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