证券代码：002356 证券简称：赫美集团 深圳赫美集团股份有限公司股份有限公司 | --- | --- | --- | |-------------------------|---------------------------|------------------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 ■分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 兴业证券 李跃博、刘嘉仁 | | | 时间 | 2017 年 10 月 27 | 日上午 10：00—11：00 | | | | | | 地点 | 深圳市福田区深南大道 | 6011 号 NEO 大厦 34 楼 | | 上市公司接待人 | 董事长：王磊 | | | 员姓名 | 副总经理/董事会秘书：李丽 | | | | 证券事务代表：田希 | | | 投资者关系活动 | 董事 ...

证券代码：002356 证券简称：赫美集团 深圳赫美集团股份有限公司 投资者关系活动记录表 编号：2018-05-10 | --- | --- | --- | |----------------|-------------------------|--------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 ■分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 国信证券：王念春、刘馨竹、贺平鸽 | | 人员姓名 | 博时基金：王曦 | | | | 红土创新：连肇明 | | | | 摩根华鑫：李溪 | | | | 吉煤投资：张福恺 | | | | 凯丰投资：仇志婉 | | | | 聚沣资本：余爱斌 | | | 时间 | 2018 年 5 月 10 | 日上午 9： 30—11：30 | | 地点 | 赫美集团会议室 | | | 上市公司接待人 | 董事会秘书：李丽 | ...

深圳赫美集团股份有限公司 2022 年第三季度报告 1 证券代码：002356 证券简称：赫美集团 公告编号：2022-041 深圳赫美集团股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3、第三季度报告是否经过审计 □是 否 深圳赫美集团股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|----------------|-------------------------|---------- ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[18]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2022, which reflects a growth target of 10% compared to 2021[18]. - The company's operating revenue for the reporting period was ¥90,651,338.59, a decrease of 51.17% compared to the same period last year[23]. - The net profit attributable to shareholders was -¥26,873,375.36, showing an improvement of 78.65% from -¥125,866,908.12 in the previous year[23]. - The company reported a total of ¥15,139,965.43 in non-recurring gains, primarily from debt restructuring and asset disposal[27]. - The company's total comprehensive loss for the first half of 2022 was CNY -26,843,576.18, compared to a loss of CNY -132,661,606.71 in the same period of 2021[176]. - The company reported a basic and diluted earnings per share of -0.0205 for the first half of 2022, improving from -0.0960 in the same period of 2021[176]. - The company recorded an investment income of CNY 12,270,511.82, a significant recovery from a loss of CNY -36,494,990.98 in the first half of 2021[174]. User Growth and Market Expansion - User data indicated a growth in active users by 20%, reaching a total of 1.2 million users by June 30, 2022[18]. - The company is expanding its market presence in Southeast Asia, with plans to open 50 new retail locations by the end of 2023[18]. - The retail market in China showed signs of recovery in June, with a shift towards online retail and new retail formats gaining traction[32]. - The company plans to increase operational investment in Hainan and online channels to tap into the potential of key regions and lower-tier cities[31]. Cost Management and Profitability - The overall gross margin improved to 35%, up from 30% in the same period last year, indicating better cost management[18]. - The company's operating costs decreased by 66.67% to ¥43,143,007.66 from ¥129,435,712.19, mainly due to the decline in revenue[53]. - The company is focusing on resource integration and innovative cooperation models to restore profitability in its commercial sector[51]. Research and Development - Research and development expenses increased by 25% to RMB 50 million, focusing on new technology advancements in product design[18]. - Research and development expenses were CNY 802,332.51, down 71.7% from CNY 2,836,778.23 in the first half of 2021[174]. Risk Management - The management identified potential risks including market competition and supply chain disruptions, and outlined strategies to mitigate these risks[6]. - The company faced risks from macroeconomic fluctuations, which could impact brand operations and sales due to reliance on international brands and domestic market conditions[70]. Corporate Governance and Shareholder Rights - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparency[86]. - The company emphasizes employee rights and development, providing career planning and training programs[88]. - The company maintains good contractual performance with suppliers and customers, ensuring their rights are protected[89]. Financial Obligations and Legal Issues - The company is involved in a financial loan contract dispute with Jinjou Bank, with a disputed amount of CNY 428 million, which is expected to form a liability[101]. - The company has ongoing litigation involving a claim of CNY 645.92 million related to a debt transfer agreement, with the case still in court[103]. - The company has a total of CNY 2 billion in principal and interest obligations related to a financial loan dispute with Shengjing Bank[105]. Asset Management - The total assets at the end of the reporting period were ¥951,463,895.60, down 11.46% from ¥1,074,565,150.08 at the end of the previous year[23]. - Cash and cash equivalents at the end of the reporting period amounted to ¥597,618,461.08, representing 62.81% of total assets, an increase of 3.29% compared to the previous year[60]. - Accounts receivable decreased significantly to ¥41,560,706.70, accounting for 4.37% of total assets, a decrease of 4.82% due to the bankruptcy restructuring and auction of accounts receivable from Hemei Group[60]. Shareholder Changes and Capital Structure - The company underwent a restructuring plan, increasing its total share capital from 527,806,548 shares to 1,311,254,521 shares[97]. - The original controlling shareholder's stake was diluted from 23.69% to 9.53% due to the restructuring plan[99]. - The restructuring investors now hold 20.58% of the company's total shares, with no single controlling shareholder[99]. Overall Financial Health - The overall financial health of the company shows a significant decrease in cash reserves, indicating potential liquidity challenges[187]. - The company is focusing on enhancing its capital structure, as indicated by the adjustments in equity and reserves[199]. - The company experienced a decrease in user data, with a reported drop of CNY 19,389,270.89 in user-related metrics[196].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year 2021, representing a growth of 15% compared to the previous year[19]. - The company's operating revenue for 2021 was ¥332,794,449.34, a decrease of 28.67% compared to ¥466,537,017.16 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥899,850,522.82, a significant increase of 278.54% from a loss of ¥503,997,729.76 in 2020[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥351,363,900.61, an improvement of 31.67% from -¥514,210,665.25 in 2020[26]. - The total revenue for 2021 was ¥332.79 million, a decrease of 28.67% compared to ¥466.54 million in 2020[72]. - Revenue from the commercial sector was ¥270.13 million, accounting for 81.17% of total revenue, down 29.00% from ¥380.44 million in 2020[72]. - Revenue from high-end manufacturing was ¥61.23 million, representing 18.40% of total revenue, a decline of 17.55% from ¥74.26 million in 2020[72]. - Revenue from financial services plummeted by 87.83% to ¥1.44 million, down from ¥11.84 million in 2020[72]. - The company reported a significant non-recurring gain from debt restructuring amounting to ¥1,418,209,954.30 in 2021[35]. User Growth and Market Expansion - User data showed an increase in active users, reaching 5 million by the end of 2021, which is a 20% increase year-over-year[19]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2022, indicating an expected growth of 25%[19]. - The company is expanding its market presence by entering three new provinces in China, aiming to increase market share by 10% in these regions[19]. - The company plans to invest 300 million RMB in research and development over the next three years to innovate new technologies[19]. - The company aims to attract more loyal customers through online platforms and live streaming, increasing customer engagement and sales through digital channels[50]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 300 million yuan allocated for potential deals[158]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[158]. Product Development and Innovation - New product development includes the launch of a smart wearable device, projected to contribute 200 million RMB in revenue in its first year[19]. - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on expanding the product line in the next quarter[158]. - The company plans to expand its product categories from clothing and accessories to include watches, jewelry, and personal care products in the future[113]. Strategic Initiatives and Acquisitions - A strategic acquisition of a local tech firm was completed, expected to enhance the company's technological capabilities and add 100 million RMB in annual revenue[19]. - The company has completed its restructuring plan, with the first major shareholder changed, and plans to optimize its strategic layout and inject quality assets[109]. - The company is pursuing a "matrix-style" development through brand agency, acquisitions, and joint operations to build a quality brand matrix[116]. Financial Management and Governance - The company will not distribute cash dividends or issue bonus shares for the year 2021, focusing instead on reinvestment for growth[5]. - The company has established an independent financial accounting department and operates its own financial management system[134]. - The company has a complete and independent governance structure, including a board of directors and supervisory board[134]. - The company reported a positive profit available for distribution to shareholders but did not propose any cash dividends or stock bonuses during the reporting period[181]. - The company has established a robust investor interaction platform to ensure fair and transparent communication with all shareholders[196]. Operational Efficiency and Challenges - The management highlighted potential risks including market volatility and regulatory changes that could impact future performance[5]. - Despite financial constraints, the company maintained stable revenue and demonstrated resilience in its commercial sector during the pandemic[50]. - The company faced regulatory scrutiny in the past, resulting in a public reprimand from the Shenzhen Stock Exchange due to non-disclosure of significant financial issues[158]. - The company has adjusted its operational strategies in response to the pandemic, increasing online sales efforts to mitigate adverse market conditions[122]. Employee and Corporate Social Responsibility - The company emphasizes employee rights and development, providing career planning and training programs to enhance employee skills and satisfaction[198]. - The company emphasizes corporate social responsibility and aims to create a harmonious development environment with employees and society[195]. - The company maintains strong relationships with suppliers and customers, adhering to principles of voluntary, equality, and mutual benefit, ensuring contract fulfillment and protection of rights[199]. Internal Control and Audit - The internal control system was evaluated as effective, with no significant deficiencies found in financial reporting controls[183]. - The company conducted internal control self-assessments annually, with the 2021 evaluation period covering January 1 to December 31[183]. - The audit committee held five meetings during the reporting period to review various internal audit reports and financial statements[171]. - The internal control audit report was disclosed on April 30, 2022, and received a standard unqualified opinion[187].

深圳赫美集团股份有限公司 2022 年第一季度报告全文 证券代码：002356 证券简称：*ST 赫美 公告编号：2022-029 深圳赫美集团股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗 漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | |-----------------------------------------------------|----------------|------------------|---------------------------| | | | | | | □ 是 √ 否 | 本报告期 | 上年同期 | 本报告 ...

深圳赫美集团股份有限公司 2021 年第三季度报告 证券代码：002356 证券简称：*ST 赫美 公告编号：2021-117 深圳赫美集团股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明： 保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | --- | --- | --- | --- | --- | |------------------------------------------------------|----------------|-------------------------|-----------------|-------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥185,647,723.40, a decrease of 1.81% compared to ¥189,061,022.59 in the same period last year[25]. - The net profit attributable to shareholders for the first half of 2021 was -¥125,866,908.12, representing a decline of 37.40% from -¥91,609,219.38 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses improved to -¥95,007,478.82, a 68.22% increase compared to -¥298,986,339.90 in the same period last year[25]. - The net cash flow from operating activities was ¥7,173,088.68, showing a significant increase of 128.99% from ¥3,132,495.65 in the previous year[25]. - The total operating revenue decreased by 1.81% to ¥185,647,723.40, with the commercial sector contributing ¥164,716,585.40, representing 88.72% of total revenue, a 15.35% increase year-on-year[54]. - The company's gross profit margin in the commercial sector was 38.87%, down by 7.61% compared to the previous year, with operating costs increasing by 31.75%[56]. Assets and Liabilities - Total assets decreased by 41.38% to ¥663,051,319.88 from ¥1,131,023,675.20 at the end of the previous year[25]. - The net assets attributable to shareholders were -¥2,392,189,060.86, a decline of 5.55% from -¥2,266,322,152.74 at the end of the previous year[25]. - The total assets at the end of the reporting period amounted to ¥661,000,000, with cash and cash equivalents accounting for 11.66% of total assets[61]. - The company's short-term borrowings increased significantly, accounting for 101.71% of total liabilities, primarily due to debt compensation arrangements with creditors[61]. - The inventory value decreased to ¥96,663,790.25, representing 14.58% of total assets, while accounts receivable decreased to ¥171,749,354.64, accounting for 25.90% of total assets[61]. Operational Strategy - The company aims to enhance its profitability by integrating industry resources and strengthening cooperation with duty-free channels[36]. - The company is focused on digital transformation and improving inventory turnover rates to adapt to the evolving retail landscape[35]. - The company has implemented a centralized procurement model to optimize product structure and manage supplier relationships effectively[39]. - The company plans to innovate its business development model and expand its market presence in the duty-free sector[38]. - The company has established long-term partnerships with international brands, leveraging online platforms and live streaming to increase customer engagement[35]. Risks and Challenges - The company faces significant operational risks, which are detailed in the management discussion section[5]. - The company continues to be under delisting risk warning due to negative net assets as of the end of 2020[4]. - The company faced risks from macroeconomic fluctuations, intensified market competition, and operational challenges due to the pandemic, which affected sales and inventory levels[69][70]. - The company is undergoing a pre-restructuring process initiated by the Shenzhen Intermediate People's Court due to insolvency issues[92]. - The company faces bankruptcy risk if the restructuring plan is not successfully implemented[93]. Legal and Compliance Issues - The company has ongoing litigation with Everbright Bank involving a loan dispute amounting to 28.52 million RMB, with joint liability from Huizhou Haoningda[96]. - The company is involved in a share transfer dispute with Shenzhen United Financial Holdings, with a claim of 51 million RMB, and the court has ordered payment[98]. - The company has a civil judgment requiring it to pay 55.9443 million yuan to China Twenty Metallurgical Group within 10 days of the judgment's effectiveness[102]. - The company has been ordered to pay overdue interest based on the interbank lending rate for various disputes, with specific amounts detailed in the judgments[102]. - The company has been listed as a dishonest executor in multiple cases, indicating potential risks in its financial and operational integrity[169]. Related Party Transactions - The company reported a related party transaction involving sales of merchandise with a transaction amount of 2.17 million yuan, which accounted for 0% of the approved transaction amount[175]. - There were no asset or equity acquisition or sale related party transactions during the reporting period[176]. - The company provided guarantees totaling 35 million yuan, with an actual guarantee amount of 8.5 million yuan for Beijing Shouhe, which is a related party[188]. - The total amount of guarantees provided by the company exceeded 50% of its net assets, amounting to 12.46 million yuan[192]. - The company resolved related party fund occupation issues, with creditors agreeing to compensate for a total of 283,936,176.73 yuan owed by a related party[199].

Financial Performance - The company reported a negative net asset value at the end of the most recent audited fiscal year, which may lead to delisting risk warnings from the Shenzhen Stock Exchange[3]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The company emphasizes that future development strategies and performance plans are subject to market conditions and uncertainties, and do not constitute a commitment to investors[4]. - The company's operating revenue for 2020 was ¥466,537,017.16, a decrease of 45.01% compared to ¥848,393,525.78 in 2019[24]. - The net profit attributable to shareholders was -¥503,997,729.76, an improvement of 73.17% from -¥1,878,513,883.48 in the previous year[24]. - The net cash flow from operating activities increased by 101.58% to ¥37,055,705.99, compared to ¥18,382,561.90 in 2019[24]. - The total assets at the end of 2020 were ¥1,131,023,675.20, down 50.99% from ¥2,307,540,469.33 at the end of 2019[24]. - The net assets attributable to shareholders decreased by 28.60% to -¥2,266,322,152.74 from -¥1,762,324,422.98 in 2019[24]. - The company reported a basic and diluted earnings per share of -¥0.9549, improving from -¥3.5591 in 2019[24]. - The company recorded non-operating income of ¥61,562,459.98 from the disposal of non-current assets in 2020[30]. - The government subsidies recognized in the current period amounted to ¥5,953,358.60, slightly down from ¥6,006,590.33 in 2019[30]. Business Operations - The company has not reported any changes in its main business since its listing[22]. - The company operates numerous international brand stores across major first, second, and third-tier cities in China, enhancing its offline sales channels[44]. - The company has established long-term partnerships with well-known e-commerce platforms, creating a multi-channel sales strategy[44]. - The company aims to enhance profitability by deepening cooperation with the duty-free business and innovating business development models[41]. - The company has 49 stores as of the end of the reporting period, utilizing both self-operated and joint-operated sales models[53]. - The apparel segment accounted for 61.69% of total revenue, with a year-on-year decline of 40.73%[62]. - The company’s financial services segment saw a dramatic decline of 88.95% in revenue, contributing only 2.54% to total revenue[62]. - The southern region contributed 70.86% of total revenue, with a year-on-year decrease of 44.97%[62]. Challenges and Risks - The company faced significant challenges due to the pandemic, with the retail industry experiencing a 3.9% decline in total retail sales in 2020[36]. - The company's revenue decreased due to tight funding, leading to a reduction in business scale and a drop in operating income[41]. - The company is currently facing a debt crisis, which has resulted in increased financing costs and restricted access to credit from banks and financial institutions[115]. - The company faces significant risks from macroeconomic fluctuations, particularly in the high-end luxury goods sector, which is sensitive to economic downturns and consumer spending[112]. - Increased competition in the retail sector, particularly from international brands and domestic high-end brands, is intensifying market pressures on the company[113]. - The COVID-19 pandemic severely impacted the company's operations, particularly affecting offline store sales and leading to a significant accumulation of inventory[115]. Legal and Financial Obligations - The company has been involved in a restructuring process initiated by creditors due to insolvency, with the Shenzhen Intermediate People's Court starting pre-restructuring on February 3, 2021[151]. - The company faces a total of 16.65 million yuan in financial borrowing disputes with Industrial Bank, with ongoing enforcement actions[155]. - The company has been involved in multiple legal disputes, including a 3 million yuan financial borrowing dispute with Ningbo Bank, which has been resolved[155]. - The company has been ordered to pay 32 million RMB plus interest in a case against Shenzhen Qianhai Dongkang Commercial Factoring, with part of the litigation costs shared with another defendant[158]. - The company has incurred legal and execution costs totaling approximately 1.55 million RMB from various disputes, including asset disposals and court fees[158]. - The company has a total of 90 properties mortgaged as collateral for loans, which are subject to priority claims by creditors[156]. - The company has faced execution proceedings with a court transferring 53.25 million RMB from its bank account as part of a ruling[156]. - The company has been actively managing its financial obligations and restructuring efforts to improve its financial health and sustainability[152]. Future Strategies - The company plans to innovate business cooperation models and enhance its supply chain system by introducing strong brands that cater to the preferences of the younger generation in 2021[106]. - The company aims to optimize its existing store structure and improve operational management to maintain stable revenue growth, leveraging discounts and clearance plans to address inventory issues[107]. - The company is actively pursuing online sales strategies, including live streaming and online distribution, to drive consumer engagement and sales growth[110]. - The company is focusing on digital transformation and targeting younger consumer groups, particularly the 80s and 90s generations, who are becoming the main consumers of international high-end brands[101]. - The company is exploring new market opportunities in second and third-tier cities through partnerships and innovative cooperation models, particularly in the duty-free retail sector[109].

Financial Performance - The company reported a net asset deficit at the end of the most recent audited fiscal year, which may lead to delisting risk warnings from the Shenzhen Stock Exchange[3]. - The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital[4]. - The company has acknowledged the uncertainty in achieving its future development strategies and performance plans due to market conditions[4]. - The company has not disclosed specific financial performance metrics in the provided documents[15]. - The company's operating revenue for 2020 was ¥466,537,017.16, a decrease of 45.01% compared to ¥848,393,525.78 in 2019[25]. - The net profit attributable to shareholders for 2020 was -¥503,997,729.76, an improvement of 73.17% from -¥1,878,513,883.48 in 2019[26]. - The net cash flow from operating activities was ¥37,055,705.99, representing a 101.58% increase from ¥18,382,561.90 in 2019[26]. - The total assets at the end of 2020 were ¥1,131,023,675.20, a decrease of 50.99% from ¥2,307,540,469.33 at the end of 2019[26]. - The company reported a basic earnings per share of -¥0.9549 for 2020, improving from -¥3.5591 in 2019[26]. - The weighted average return on net assets was 0.00% for 2020, indicating a significant decline from -172.37% in 2019[26]. - The company reported a significant decrease in equity assets by 44,741.46 million RMB, a decline of 97.65%, primarily due to the exclusion of Hemei Zhike from the consolidation scope[42]. - Fixed assets decreased by 3,926.98 million RMB, down 26.48%, mainly due to the judicial forced auction of six industrial properties[42]. - The company experienced a reduction in cash and cash equivalents by 29,455.79 million RMB, a decline of 71.38%, as a result of the exclusion of Chengdu Hemei Wanhong Fund from the consolidation scope[42]. - The company achieved operating revenue of RMB 466.54 million, a decrease of 45.01% compared to the same period last year, primarily due to overdue debts and tight funding conditions[60]. - Operating costs for the reporting period were RMB 302.87 million, down 38.70% year-on-year, attributed to a reduction in sales scale[60]. - The company reported a net profit attributable to shareholders of RMB -503.99 million, an increase of 73.17% year-on-year, mainly due to reduced asset impairment losses and gains from the sale of subsidiaries[62]. - The company’s R&D investment was RMB 12.97 million, a decrease of 28.51% year-on-year, reflecting reduced funding availability[62]. - The company’s net cash flow from operating activities was RMB 37.06 million, an increase of 101.58% year-on-year, due to decreased sales and procurement expenses[62]. Sales and Market Trends - The total retail sales of consumer goods in China for 2020 decreased by 3.9% year-on-year, reflecting the impact of the pandemic on the retail sector[36]. - The company capitalized on the opportunity of high-end consumer goods returning to the domestic market, increasing online sales channels and enhancing customer engagement through live streaming[41]. - The company aims to strengthen its cooperation with duty-free businesses and innovate its business development model to improve profitability[41]. - The company reported that the sales amount for duty-free purchases in Hainan reached 120.1 billion RMB from July 1 to October 31, indicating a strong recovery in tourism consumption[39]. - The company has established a robust offline and online sales channel network, covering major first, second, and third-tier cities in China[44]. - The company operates several well-known international brands, including MCM and FURLA, enhancing its market influence and brand ecosystem[45]. - The company plans to develop a comprehensive membership system to bridge the price gap between domestic and international brands, encouraging domestic consumption[49]. - The company is focused on digital transformation and improving supply chain capabilities to enhance inventory turnover rates and operational efficiency[41]. Legal and Financial Challenges - The company is undergoing a pre-restructuring process initiated by the Shenzhen Intermediate People's Court due to insolvency concerns, with creditors citing inability to repay debts[147]. - The court's decision to start pre-restructuring does not confirm the acceptance of the company's restructuring application, indicating ongoing financial risks[148]. - If the restructuring is successfully implemented, it could improve the company's asset-liability structure and promote sustainable development[148]. - The company faces bankruptcy risks if the restructuring process is not successfully executed[148]. - The company has ongoing litigation involving financial disputes with various banks, with amounts in dispute totaling approximately 24,701.54 million yuan across multiple cases[153]. - The company has settled a financial dispute with Ningbo Bank, agreeing to repay 10 million yuan in installments[153]. - The company is also involved in a judgment requiring it to pay 2,851.54 million yuan to Guangda Bank, with ongoing enforcement actions[153]. - A separate judgment mandates the company to pay 2,100 million yuan to Guangda Bank, with enforcement proceedings currently active[153]. - The company has a significant arbitration ruling requiring it to repay 16,650 million yuan to Industrial Bank, with partial payments already executed[153]. - The company has ongoing execution processes for various loan disputes, indicating active legal and financial management of its obligations[164]. - The company has a structured repayment plan in place for its loan obligations, demonstrating a commitment to resolving financial disputes[164]. - The company is required to repay RMB 2,852.24 million and compensate for interest losses of RMB 141.51 million within 10 days from the effective date of the judgment[164]. - The company has ongoing legal proceedings related to various financial obligations and disputes[186]. - The company is involved in multiple legal disputes, reflecting a complex financial and operational environment[199]. Corporate Governance and Compliance - The company has commitments from its actual controllers and shareholders to minimize and regulate related party transactions, which are being fulfilled normally[124]. - As of the report date, the company has outstanding non-operating fund occupation by related parties amounting to ¥75.93 million, with a repayment plan in place[131]. - The company has committed to maintaining the independence of its personnel, institutions, assets, and business operations[128]. - The company has not engaged in any competitive business activities that could harm its interests or those of its related parties[130]. - The company has a repayment plan for the outstanding funds occupied by related parties, expected to be settled by April 2021[131]. - The company did not experience any significant accounting errors requiring retrospective restatement during the reporting period[138]. - The company implemented new revenue recognition standards starting January 1, 2020, affecting the accounting policies and estimates[137]. - The company did not have any new major shareholders or non-operating fund occupation during the reporting period[135]. - The company confirmed that there were no new non-operating fund occupations by major shareholders during the reporting period[135]. Operational Adjustments and Future Plans - The company is actively pursuing judicial reorganization to improve its debt structure and achieve sustainable development, following a court decision to initiate pre-restructuring[104]. - In 2021, the company plans to enhance its brand portfolio by introducing various brands that cater to the preferences of the younger generation, aiming for diversified brand operations[105]. - The company aims to optimize its existing store structure and improve operational management to maintain stable revenue growth, focusing on cost reduction and enhancing customer service[106]. - The company is leveraging its operational management experience to address inventory issues caused by the pandemic, implementing discount and clearance plans to boost revenue[107]. - The company is collaborating with partners to penetrate second and third-tier markets through a "Hundred Cities, Thousand Stores" initiative, enhancing the shopping experience for consumers[108]. - The company is exploring opportunities in the duty-free market, anticipating significant growth potential as domestic duty-free policies evolve, targeting a market space worth hundreds of billions[108]. - The company is increasing its online presence through live streaming and online distribution, aiming to capture new consumer segments and enhance customer loyalty[109]. - The smart meter industry is expected to grow due to the rapid implementation of smart grid construction, with the company’s subsidiary already possessing a strong production and sales network[110]. Risks and Market Competition - The company faces risks from macroeconomic fluctuations, which could impact luxury goods consumption and overall financial performance[111]. - The company is under pressure from intensified market competition, particularly from international brands and domestic high-end brands gaining market traction[113]. - The company did not distribute cash dividends for the years 2018, 2019, and 2020, with net losses of approximately ¥1.65 billion, ¥1.88 billion, and ¥503.99 million respectively[121]. - The cash dividend payout ratio for the years 2018, 2019, and 2020 was 0.00%[121]. - The company plans to continue not distributing cash dividends, not issuing bonus shares, and not increasing share capital from capital reserves for the current fiscal year[122].