Financial Performance - The company's operating revenue for 2022 was approximately RMB 50.12 billion, a decrease of 3.57% compared to 2021[21]. - The net profit attributable to shareholders for 2022 was approximately RMB 3.83 billion, reflecting a slight increase of 1.52% year-on-year[21]. - The net profit excluding non-recurring gains and losses dropped significantly by 94.22% to approximately RMB 161.73 million in 2022[21]. - The net cash flow from operating activities was negative at approximately RMB -89.51 million, an improvement of 98.71% compared to the previous year[21]. - Total assets at the end of 2022 amounted to approximately RMB 128.37 billion, a decrease of 3.12% from the previous year[21]. - The total equity attributable to shareholders increased by 4.03% to approximately RMB 35.67 billion at the end of 2022[21]. - The company reported a significant increase in trading financial assets, with a year-end balance of approximately 1.851 billion RMB, reflecting a change of 1.457 billion RMB[31]. - Non-recurring gains and losses totaled approximately 3.664 billion RMB for the year, compared to 969 million RMB in the previous year[30]. - The company experienced a net loss attributable to shareholders of 197.8 million RMB in the fourth quarter, after excluding non-recurring gains and losses[26]. Revenue and Sales Growth - The company's revenue for the reporting period decreased by 1.8 billion RMB, a decline of 3.57% year-on-year, primarily due to reduced revenue recognition from property development and sales despite growth in the jewelry fashion business[22]. - The jewelry fashion group reported a revenue growth of approximately 20% year-on-year, with active members reaching 2.07 million and a member repurchase rate of 37.5%[33]. - The cultural dining group saw a revenue increase of about 10%, launching 100 SKUs and achieving sales of over 30 million for its pre-made noodles[33]. - The beauty and health group recorded over 12 million yuan in sales for its pet care segment, while the AHAVA brand achieved monthly sales of over 1 million in its first month[33]. - The company’s new member acquisition reached 7.2 million in 2022, a 40% increase year-on-year, with member sales accounting for 64% of total sales[35]. - The company’s overseas business accounted for over 75% of AHAVA's revenue, with retail scale reaching 1.2 billion yuan[36]. Investment and Expansion - The company completed a business combination under common control, acquiring Shanghai Gaodi Asset Management Co., Ltd. and its subsidiaries during the reporting period[26]. - The company plans to continue focusing on market expansion and new product development to enhance future performance[32]. - The company is investing heavily in urban areas, with significant projects in major cities like Shanghai, Nanjing, and Wuhan, reflecting its growth strategy[86][88]. - The company is also expanding in Hefei with the Yun Gu Ming Ting project, which has a planned building area of 1,000,748.37 square meters and an investment of CNY 66 million[88]. - The company is focusing on commercial and residential developments, with multiple projects in Shanghai and Nanjing indicating a strategic market expansion[86][88]. Research and Development - R&D expenses increased due to ongoing investments in tea, dining, and liquor innovation centers[55]. - The total number of R&D personnel is 286, representing 1.8% of the company's total workforce, highlighting the focus on innovation[71]. - Research and development investment increased by 40%, focusing on innovative technologies and product enhancements[167]. Corporate Governance and Management - The company adheres to legal and regulatory requirements for corporate governance, ensuring effective decision-making and investor protection[152]. - The company has held multiple shareholder meetings to discuss various financial and operational proposals, including the issuance of medium-term notes and short-term financing bonds[153][154]. - The company appointed Ni Qiang and Hu Tingzhou as co-CEOs on March 18, 2022, each serving a term of six months[163]. - The company has seen a significant leadership turnover, with multiple executives transitioning into new roles within the organization over the past few years[175]. Future Guidance - The company plans to achieve a revenue of 58 billion RMB and a cost of 47 billion RMB for the year 2023[144]. - Future guidance indicates a focus on increasing sales by 15% year-over-year through strategic store openings and product diversification[101]. - The company provided guidance for 2023, projecting a revenue increase of 12% to 11.2 billion[169]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product range[106].

| 证券代码：600655 | 证券简称：豫园股份 | 公告编号：临2023-024 | | --- | --- | --- | | 债券代码：155045 | 债券简称：18豫园01 | | | 债券代码：163038 | 债券简称：19豫园01 | | | 债券代码：163172 | 债券简称：20豫园01 | | | 债券代码：188429 | 债券简称：21豫园01 | | | 债券代码：185456 | 债券简称：22豫园01 | | 上海豫园旅游商城（集团）股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海豫园旅游商城（集团）股份有限公司（简称"公司"） 拟于 2023 年 3 月 24 日在上海证券交易所网站（ www.sse.com.cn ）披露公司 2022 年年度报告。 为了便于广大投资者更全面深入地了解公司 2022 年年度业绩和经营情况，公司拟 于 2023 年 3 月 24 日（星期五 15:30-16:30）召开业绩说明会，就投资者普遍关 心 ...

Financial Performance - The company's operating revenue for 2020 was CNY 44,050,759,629.10, representing a year-on-year increase of 0.27% compared to the adjusted figure for 2019[20]. - The net profit attributable to shareholders of the listed company was CNY 3,610,337,220.80, an increase of 12.82% compared to the adjusted figure for 2019[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,468,437,080.08, showing a decrease of 9.51% compared to the previous year[20]. - The net cash flow from operating activities was negative at CNY -954,832,871.78, a significant decline compared to CNY 3,439,493,519.91 in 2019[20]. - Total assets at the end of 2020 reached CNY 112,247,189,640.33, an increase of 11.07% compared to the adjusted total for 2019[20]. - The net assets attributable to shareholders of the listed company were CNY 33,009,266,411.86, reflecting a growth of 2.05% from the previous year[20]. - The basic earnings per share (EPS) for 2020 was CNY 0.932, representing a 12.97% increase compared to CNY 0.825 in 2019[22]. - The total profit for 2020 was RMB 5.274 billion, a decrease of 2.90% year-on-year[52]. - The total revenue for the year was 33,258,099,695.87 yuan, representing a 4.29% increase compared to the previous year[75]. Cash Flow and Investments - The net cash flow from operating activities decreased by CNY 4.394 billion, a significant drop of 127.76% compared to the previous year[23]. - The company's investment activities resulted in a net cash outflow of CNY 5.01 billion, an increase of 38.12% year-on-year[66]. - The company’s financing activities generated a net cash inflow of CNY 3.51 billion, a significant increase of 526.22% compared to the previous year[66]. - The company reported a significant increase in cash inflow from financing activities, totaling 3,514,646,645.70 yuan, a 526.22% increase year-over-year[81]. - The company’s fixed assets increased by 67.00% year-on-year, reaching RMB 50.744 billion, primarily due to acquisitions[46]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 3.3 per 10 shares for the 2020 fiscal year, pending approval from the shareholders' meeting[5]. - The total expected cash dividend amount for 2020 is approximately RMB 1,280,190,248.04, representing 35.46% of the net profit attributable to ordinary shareholders[167]. - The cash dividend policy stipulates that if the company is in a mature stage without significant capital expenditures, at least 80% of the distributable profit should be paid as cash dividends[163]. Acquisitions and Strategic Investments - The company acquired 80% of the International Gemological Institute (IGI) to enhance its strategic position in the global diamond industry[36]. - The company completed the acquisition of Fosun Jinmei, which holds 100% of the Israeli cosmetics brand AHAVA, enhancing its product offerings in the beauty sector[40]. - The company acquired a 90.09% stake in Shanghai Ciyuan Real Estate Consulting Co., becoming its controlling shareholder[41]. - The company completed the acquisition of the Jin Hui Wine project in the second half of 2020, which positively impacted the wine business revenue and costs compared to the previous year[71]. - The company plans to acquire 100% of Shanghai Ceyuan Consulting Co., Ltd. through a tender offer[125]. Market Presence and Expansion - The number of retail outlets for the "Laomiao" and "Yayi" brands reached 3,367 by the end of December 2020[36]. - The company has established a significant presence in the pet healthcare market through its platform "Aichong Doctor" and exclusive agency for high-end pet food brand Hill's in China[40]. - The company is actively developing the second phase of the Yuyuan Mall project to expand its commercial space and enhance its cultural influence[35]. - The company plans to continue expanding its retail network and enhance its online sales capabilities in the coming years[109]. - The company is focusing on sustainability initiatives, aiming to reduce operational costs by 15% through energy-efficient technologies[180]. Risks and Challenges - The company has outlined potential risks in its future development in the report[7]. - The fluctuation of international gold prices poses a risk to the company's cost structure, impacting the gold jewelry business[157]. - The company acknowledges management risks associated with its diversified business operations and increasing organizational complexity[158]. - Regulatory pressures in the real estate sector may introduce uncertainties that affect the company's operational development[160]. Future Outlook - The company provided optimistic guidance for future revenue growth, projecting a year-over-year increase of 15%[113]. - The company plans to achieve a revenue of 55 billion RMB in 2021, with a cost of goods sold of 43 billion RMB and operating expenses of 7 billion RMB[155]. - The company provided a positive outlook for 2021, projecting a revenue growth of 25% based on new product launches and market expansion strategies[179].