恒生电子：恒生电子股份有限公司2021年年度报告（英文版）.PDF

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1、2021Annual Report1 / 243Stock Code: 600570Stock Abbreviation: Hundsun TechnologiesHundsun Technologies Inc.2021 Annual Report2021Annual Report2 / 243Important NoticeI.The Board and the Supervisory Board of the Company and the Directors, Supervisors andmembers of the Senior Management warrant the tru

2、thfulness, accuracy and completeness of thecontents in this Annual Report and confirm that there are no misrepresentations or misleadingstatements contained in or material omissions from this Annual Report, and accept several andjoint legal responsibilities.II. All Directors attended the board meeti

3、ng of the Company to consider and approve the annualresults.III. Pan-China Certified Public Accountants LLP has issued a standard unqualified auditors reportfor the Company.IV. Peng Zhenggang, chairman of the Company, and Yao Manying, Financial Controller and Headof the Finance Department (person in

4、 charge of accounting), warrant the truthfulness, accuracyand completeness of the financial statements contained herein.V.Profit distribution plan or capital reserves share capitalization plan during the Reporting Periodupon deliberation at the board meetingHundsun Technologies Inc. (hereinafter ref

5、erred to as the Company, for the parent company, thesame as below) realized a total net profit of RMB1,379,884,502.16 (in RMB, the same as below) in 2021.According to the Company Law, the Articles of Association of the Company and the relevant guidelines ofthe China Securities Regulatory Commission

6、and the Shanghai Stock Exchange, 10% of the statutoryreserve fund shall be withdrawn first, plus the profit carry-over from the previous year. According to theactual situation, the Company plans to implement the profit distribution plan in the following order:1.The Company will withdraw 10% of the s

7、tatutory reserve fund of RMB137,988,450.2 first.2.Based on 1,461,144,040 shares, being the Companys total share capital of 1,461,560,480 shares(as of March 29, 2022, the same below) less 416,440 shares in the Companys special repurchaseaccount, a cash dividend of RMB1.00 (tax inclusive) per 10 share

8、s will be paid to allshareholders, totaling RMB146,114,404.3.Based on 1,461,144,040 shares, being the Companys total share capital of 1,461,560,480 sharesless 416,440 shares in the Companys special repurchase account, 3 bonus shares will bedistributed to all shareholders for every 10 shares, totalin

9、g 438,343,212 bonus shares.4.The remaining distributable profits will be carried forward to the next year.The above profit distribution plan shall be submitted for deliberation and approval at the generalmeeting of the Company before implementation. After implementation, the Companys total share cap

10、italwill be 1,899,903,692 shares.If, during the period between the disclosure of this profit distribution plan and the record date fordividend distribution, the Companys share capital involved in the profit distribution changes due torelevant matters, the Company plans to maintain the same proportio

11、n of profit distribution per share, adjustthe total amount of distribution accordingly, and announce the details about adjustment separately.VI. Disclaimer of forward-looking statements2021Annual Report3 / 243Applicable Not ApplicableThe Companys future strategies and plans contained herein do not c

12、onstitute substantivecommitments to investors by the Company. Investors and stakeholders should be adequately aware of risksherein and understand the differences among plans, forecasts and commitments.VII.Whether the Controlling Shareholder of the Company or its associates has misappropriated theCom

13、panys funds for purposes other than for business?NVIII.Whether the Company has provided external guarantees in violation of any prescribeddecision-making procedures?NIX. Whether more than half of the Directors fail to warrant the truthfulness, accuracy andcompleteness of the contents contained in th

14、e annual report disclosed by the Company?NX. Reminder of important risksNone. The Company has described the potential risks in detail herein. Please refer to (IV) Potentialrisks of VI. Discussion and analysis of the future development of the Company in Section IIIManagement Discussion and Analysis f

15、or details.XI. Others Applicable Not applicableNote:This document is a translated version of the Chinese version 2021 Annual Report (“2021 年年度报告”), and the published announcements in the Chinese version shall prevail. The complete publishedChinese 2021Annual Report may be obtained at Report4 / 243Co

16、ntentsSection IDefinitions. 5Section IICompany Profile and Key Financial Indicators.6Section IIIManagement Discussion and Analysis.9Section IVCorporate Governance. 37Section VEnvironmental and Social Responsibility. 54Section VISignificant Events.55Section VIIChanges in Shares and Particulars of Sha

17、reholders.64Section VIIIPreferred Shares.71Section IXCorporate Bonds.72Section XFinancial Report.73Documents for InspectionI. Accounting statements signed and sealed by the Chairman, Financial Controller, and Headof the Finance Department (person in charge of accounting) of the CompanyII. The origin

18、al Auditors Report sealed by Pan-China Certified Public Accountants LLP andsealed and signed by Pan-Chinas CPAsIII. Originals of all documents and announcements of the Company publicly disclosed in thenewspaper designated by CSRC during the Reporting Period2021Annual Report5 / 243Section I Definitio

19、nsI.DefinitionsUnless the context otherwise requires, the following terms shall have the following meanings in this report:Definitions of frequently-used termsHundsun, Hundsun Technologiesor the CompanyHundsun Technologies Inc.Handsome GroupHangzhou Handsome Electronics Group Co., Ltd.REITsReal Esta

20、te Investment TrustsWealth Management Connectan arrangement under which individual residents in the Guangdong-Hong Kong-MacaoGreater Bay Area carry out cross-boundary investment in wealth management productsdistributed by banks in the Greater Bay AreaPOSIF investment adviserInvestment Adviser of Pub

21、licly Offered Securities Investment FundsFICC servicesFixed Income, Currencies and Commodities services, including underlying assets such asfixed income securities, currencies and commodities, as well as derivatives underlyingthose assets.TA systemTransfer Agent, Hundsuns fund registration and trans

22、fer system software, used forinvestor account management and asset management in the asset management industry,including funds, securities, insurance, futures, and private equityFinTechFinTech mainly refers to the low-threshold financial services provided by Internetcompanies or high-tech companies

23、through cloud computing, big data, mobile Internet,and other emerging technologies.O45the Companys investment trading system, of which O refers to Oracle version and 45refers to version 4.5UF3.0Core Business Operation Platform System Version 3.0Light technology platformLIGHT, a financial digital inf

24、rastructure independently developed by Hundsun and a newgeneration of IT application innovation infrastructure, which is committed to helpingcustomers win business success and build capabilities leading to the future throughtechnical capabilitiesCESIChina Electronics Standardization InstituteNLPNatu

25、ral Language Processing, a subject that studies the language in human-computerinteractionAIArtificial Intelligence, abbreviated as AIFinastraa global company based in the UK with a broad range of financial software products andservices, providing financial technology services to financial institutio

26、ns of all sizesworldwide.LTCa management process that continuously optimizes customer-focused operations andmanagement to improve overall operation targetsIPDa set of product and R&D management system, which examines the idea and frameworkof product and R&D management from the perspective of product

27、 investment anddevelopmentThree responsibilities systemIn order to provide customers with a better and more professional service experience,three types of responsible persons are assigned according to business processes andspecialization of work for customer interfaces, namely Account responsible (A

28、R),Solutions responsible (SR), and Fulfillment responsible (FR).Triumvirate systemthe three most important positions in product R&D management, i.e., product manager,system architect, and R&D project managerDSTE strategic planning processDevelop Strategy To ExecutionCRMCustomer Relationship Manageme

29、ntPB systemPrime Brokerage SystemBPOBusiness Process OutsourcingSaaSSoftware-as-a-Service, i.e., providing software services over the networkAMSAsset Management SystemRPARobotic Process AutomationAIOpsArtificial Intelligence for IT OperationsEAASEverything As A Service, a service strategy of the Com

30、pany2021Annual Report6 / 243Section II Company Profile and Key Financial IndicatorsI.COMPANY INFORMATIONChinese name of the Company恒生电子股份有限公司Chinese abbreviation恒生电子English name of the CompanyHundsun Technologies Inc.English abbreviationHundsunLegal representative of the CompanyPeng ZhenggangII.CONT

31、ACT INFORMATIONSecretary of the BoardRepresentative of SecuritiesAffairsNameTu HaiyanGu NingCorrespondence addressHundsun Tower, No. 3588 Jiangnan Avenue,Binjiang District, HangzhouHundsun Tower, No. 3588 JiangnanAvenue, Binjiang District, HangzhouTel.0571-288297020571-28829702Fax0571-288297030571-2

32、8829703E-III.BASIC INFORMATIONRegistered addressHundsun Tower, No. 3588 Jiangnan Avenue, Binjiang District,HangzhouHistorical changes to the registered addressNonePrincipal place of businessHundsun Tower, No. 3588 Jiangnan Avenue, Binjiang District,HangzhouPostal code of principal place of business3

33、10053Website of the CE-IV.INFORMATION DISCLOSURE AND PLACE FOR INSPECTIONNewspapers selected by the Company for informationdisclosureChina Securities Journal, Shanghai Securities News, SecuritiesTimes, and Securities DailyWebsite designated by the Shanghai Stock Exchange forpublishing the annual Pla

34、ce for inspection of annual reports of the CompanyHundsun Tower, No. 3588 Jiangnan Avenue, Binjiang District,HangzhouV.BASIC INFORMATION OF THE COMPANYS SHARESBasic Information of the Companys SharesClass of sharesStock exchangeStock abbreviationStock codeStock abbreviationbefore changeA sharesShang

35、hai StockExchangeHundsun Technologies600570NoneVI.OTHER RELEVANT INFORMATIONAccounting firm (domestic) engaged bythe CompanyNamePan-China Certified Public Accountants LLPOffice addressHangzhou, the PRCNamesofsigningaccountantsChen Caiqin and Fei JunVII. KEY ACCOUNTING DATA AND FINANCIAL INDICATORS F

36、OR THE PAST THREE2021Annual Report7 / 243YEARS(I) Key accounting dataUnit: YuanCurrency: RMBKey accounting data20212020Increase or decreasefor the period over thesame period of theprevious year (%)2019Revenue5,496,578,624.884,172,645,156.5631.733,871,840,010.31Net profit attributable toshareholders

37、of theCompany1,463,538,930.141,321,735,522.4810.731,415,848,641.24Net profit attributable toshareholders of theCompany net ofnon-recurring profit orloss946,569,672.55733,590,924.6129.03889,871,300.91Net cash flows fromoperating activities956,789,306.141,397,902,270.41-31.561,070,787,954.28At the end

38、 of 2021At the end of 2020Increase or decreaseat the end of theperiod as compared tothat of the sameperiod of the previousyear (%)At the end of 2019Net assets attributableto shareholders of theCompany5,695,031,051.05 4,554,029,323.5925.054,478,963,385.36Total assets12,079,908,312.769,971,144,688.342

39、1.158,359,497,109.35(II) Key financial indicatorsKey financial indicators20212020Increase or decreasefor the period overthe same period ofthe previous year(%)2019Basic earnings per share (RMB/share)1.010.9012.220.97Diluted earnings per share (RMB/share)1.010.9012.220.97Basicearningspersharenetofnon-

40、recurring profit and loss (RMB/share)0.650.5030.000.61Weighted average ROE (%)30.1131.57-1.4637.16Weighted mean ROE net of non-recurringprofit or loss (%)19.4717.521.9523.35Explanation on the key accounting data and financial indicators of the Company for the past three yearsbefore the end of the Re

41、porting PeriodApplicable NotApplicableVIII. ACCOUNTING DATA DIFFERENCES BETWEEN THE PRC GAAP STANDARDS ANDFOREIGNACCOUNTING STANDARDS(I)Difference arising from the net profit and net assets attributable to shareholders of theCompany in the financial statements disclosed simultaneously pursuant to th

42、e InternationalAccounting Standards and the PRC GAAP StandardsApplicable NotApplicable2021Annual Report8 / 243(II) Difference arising from the net profit and net assets attributable to shareholders of the Companyin the financial statements disclosed simultaneously pursuant to the foreign accounting

43、standardsand the PRC GAAP StandardsApplicable NotApplicable(III)Explanation on the difference between domestic and foreign accounting standardsApplicable NotApplicableIX.KEY FINANCIAL DATAOF 2021 BY QUARTERUnit: YuanCurrency: RMBQ1(January toMarch)Q2(April to June)Q3(July to September)Q4(October to

44、December)Revenue751,184,334.011,300,966,351.641,068,727,516.272,375,700,422.96Net profit attributable toshareholders of theCompany168,625,222.28546,464,316.71-31,254,513.82779,703,904.97Net profit attributable toshareholders of theCompany net ofnon-recurring profit or loss37,621,735.72262,070,634.56

45、-25,520,447.04672,397,749.31Net cash flows fromoperating activities-832,461,297.5351,193,250.77180,904,157.441,557,153,195.46Explanation on the difference between quarterly results and information disclosed in periodic reportsApplicable Not ApplicableX.NON-RECURRING PROFITS OR LOSSES AND AMOUNTSAppl

46、icable Not ApplicableUnit: YuanCurrency: RMBNon-recurring profits or lossesAmount for 2021Note (if applicable)Amount for 2020Amount for 2019Profit or loss from disposal ofnon-current assets38,436,050.92 Mainly represented theinvestment income fromthe transfer of shares ofHundSun Chang Yun andthe fai

47、r value recognitionof the remaining shares ofDworld AI344,555,568.2162,739,044.33Government grants recognizedin profit or loss for the currentperiod (excluding those closelyrelated to the normal businessof the Company and grantedunder the national policies andcontinuously enjoyedaccording to a certa

48、in quota ofamount or volume57,355,855.21 Mainly represented thegovernment grants forspecial projects38,004,499.6143,196,217.04Profit or loss from changes inthe fair value generated fromthe Companysheld-for-trading and derivativefinancial assets, andheld-for-trading and derivativefinancial liabilitie

49、s, andinvestment income from thedisposal of held-for-trading489,548,525.78 Mainly represented theprofit and loss from thechanges in the fair valuegenerated from theCompanysheld-for-trading financialassets, and the investmentincome from the disposalof the held-for-trading244,076,200.23489,108,448.602

50、021Annual Report9 / 243Non-recurring profits or lossesAmount for 2021Note (if applicable)Amount for 2020Amount for 2019and derivative financial assets,held-for-trading and derivativefinancial liabilities, and otherdebt investments, except foreffective hedging businessrelated to the Companysnormal bu