LYFEN(SH:603777)2023-04-26 16:00Financial Performance - The basic earnings per share increased by 233.33% to CNY 0.30 in 2022 from CNY 0.09 in 2021[23]. - The net profit attributable to shareholders grew by 229.12% to CNY 102,029,467.92 in 2022 compared to CNY 31,001,013.05 in 2021, driven by sales growth in franchise and special channel businesses[24]. - The net profit after deducting non-recurring gains and losses increased by 191.27% to CNY 59,779,436.95 in 2022 from a loss of CNY 65,496,088.14 in 2021[24]. - Operating revenue for 2022 was CNY 4,382,393,132.14, reflecting a 5.03% increase from CNY 4,172,367,725.41 in 2021[24]. - The total assets at the end of 2022 were CNY 3,688,669,214.40, an increase of 8.99% from CNY 3,384,419,230.42 at the end of 2021[24]. - The net cash flow from operating activities increased by 15.48% to CNY 663,626,441.84 in 2022 from CNY 574,662,704.18 in 2021[24]. - The total number of all-channel members reached 77.86 million by the end of the reporting period[34]. - The company reported a quarterly revenue of CNY 1,315,002,808.95 in Q1 2022, with a net profit of CNY 92,528,482.08[26]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.91 per 10 shares, totaling RMB 30,626,951.63, representing a cash dividend payout ratio of 30.02% for 2022[5]. - The company is committed to maintaining the total distribution amount unchanged, with adjustments made to the per-share distribution ratio if share capital changes occur before the record date[5]. - The company has not proposed a cash profit distribution plan for the reporting period, but it has reported positive distributable profits[159]. - The company’s cash dividend proposal must be approved by more than 66.67% of the voting rights at the shareholders' meeting[156]. - The company emphasizes the importance of investor communication regarding cash dividend proposals, ensuring that minority shareholders have the opportunity to express their opinions[155]. Corporate Governance - The company has established a robust internal control system, with an audit conducted by Lixin Certified Public Accountants to ensure the effectiveness of financial reporting controls[115]. - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal requirements[113]. - The company has not faced any regulatory penalties related to information disclosure violations during the reporting period[114]. - The company is committed to continuous improvement in corporate governance and internal control systems to protect shareholder interests[115]. - The company has established specialized committees within the board, including an audit committee and a strategic committee, to enhance governance[137]. Market Expansion and Strategy - The company operates a dual-driven model combining industrial and investment strategies, focusing on nationwide and omnichannel expansion through franchising and distribution[47]. - The company is actively exploring innovative categories beyond snacks, including daily necessities and digital products, to meet diverse consumer needs[48]. - The company aims to enhance its omnichannel strategy, integrating online and offline channels to adapt to changing retail dynamics, with a focus on O2O, live streaming e-commerce, and group buying[103]. - The company plans to continue expanding its market presence through new store openings and strategic investments[94]. - The company is focusing on product development that aligns with consumer demands for natural flavors and nutritional benefits[102]. Risk Management - The company has outlined potential risks in its annual report, which investors should pay attention to[6]. - The company acknowledges risks related to raw material price fluctuations, rising rental costs, and increasing labor costs, which could adversely affect its operating performance[107]. - To mitigate risks, the company is enhancing store efficiency, optimizing staff deployment, and transitioning from direct operation to franchising to reduce operational costs[108]. Employee and Management Practices - The company has conducted 32 training sessions in 2022, covering 1,253 employees, with an average satisfaction score of 95[150]. - The company has implemented a new talent evaluation and training system, focusing on a "selection system" rather than a traditional "training system" for employee development[151]. - The company is focused on optimizing its compensation system to enhance employee motivation and performance[149]. - The total remuneration for all directors, supervisors, and senior management was 8.6055 million yuan[130]. Product Development and Innovation - The company has introduced over 400 new products in 2022, with new product sales accounting for an increasing proportion of total sales[48]. - The company is exploring opportunities in functional snacks and meal replacement products to cater to evolving consumer preferences[102]. - The company has established a digital supply chain management system, enhancing operational efficiency and logistics tracking capabilities[42]. Financial Management - The company has engaged in cash asset management through entrusted financial management, indicating active financial strategy[200]. - The company plans to increase the use of idle funds for cash management, indicating a strategy to optimize financial resources[134]. - The company has made adjustments according to the new accounting regulations effective from January 1, 2023, with no impact on the 2022 financial data[186]. Social Responsibility - The company invested 210.48 million CNY in social responsibility projects, benefiting approximately 20,000 people[170]. - A total of 631.36 million CNY was invested in poverty alleviation and rural revitalization projects, benefiting 10,427 individuals[171].