SAINT ANGELO(002154)2023-04-14 16:00Financial Performance - The company's total revenue for 2022 was approximately ¥4.31 billion, a decrease of 3.11% compared to 2021[37]. - The net profit attributable to shareholders for 2022 was approximately ¥458.77 million, down 1.20% from the previous year[37]. - The net profit after deducting non-recurring gains and losses for 2022 was approximately ¥374.27 million, a decline of 9.57% year-on-year[37]. - The net cash flow from operating activities for 2022 was approximately ¥515.31 million, a decrease of 16.81% compared to 2021[37]. - The basic earnings per share for 2022 was ¥0.31, down 18.42% from ¥0.38 in 2021[40]. - The total assets at the end of 2022 were approximately ¥5.99 billion, a decrease of 2.08% from the end of 2021[40]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥3.93 billion, down 5.44% from the end of 2021[40]. - The company achieved operating revenue of 431,276.36 million yuan in 2022, a decrease of 3.11% compared to the previous year[107]. - The net profit attributable to shareholders of the parent company was 45,877.41 million yuan, down 1.20% year-on-year[107]. - The company reported a decrease in total expenses by 6.40% to 195,684.91 million yuan, mainly due to a significant reduction in excess bonuses[107]. Dividends and Shareholder Information - The company reported a cash dividend of 2.00 RMB per 10 shares, totaling a distribution based on a base of 1,459,333,729 shares[19]. - The company’s major shareholder, Wu Zhize, increased his stake to 38.09% by acquiring 241,721,855 new shares in January 2022[29]. - The total number of shares increased from 1,217,611,874 to 1,459,333,729 after the private placement[134]. - The controlling shareholder subscribed to 241,721,855 shares in the private placement, which was approved by the China Securities Regulatory Commission[133]. - The company has committed to a lock-up period of 36 months for shares subscribed by its chairman, Wu Zhize[143]. Risk Management and Compliance - The company has outlined major risks and corresponding countermeasures in its future development outlook[5]. - The company has a comprehensive risk management strategy detailed in its annual report[5]. - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments in its forward-looking statements[4]. - The company has committed to not engaging in substantial competition with its own business and will not increase investments in competing businesses, ensuring compliance with this commitment as of the reporting period[50]. - The company confirmed that the "Baoxini" trademark is exclusively owned by it, and its subsidiaries will not engage in similar or competing businesses, maintaining this commitment as of the reporting period[50]. - The company has committed to not transferring shares acquired in the 2021 private placement for 36 months post-issuance, with compliance confirmed as of the reporting period[50]. - The company has established measures to compensate for the dilution of immediate returns from the 2021 private placement, with compliance confirmed as of the reporting period[51]. - The company will not reduce its holdings in Baoxini shares for six months following the completion of the 2021 private placement, with compliance confirmed as of the reporting period[51]. - The company ensures that the acquisition related to the 2021 private placement will not affect its independence in personnel, finance, and operations, maintaining this commitment as of the reporting period[51]. - There were no non-operating fund occupations by controlling shareholders or other related parties during the reporting period[54]. - The company did not engage in any illegal external guarantees during the reporting period[55]. - The company has committed to avoiding competition with Baoxiniang's products and businesses, ensuring compliance with related regulations[52]. - The company has not reported any major litigation or arbitration matters during the reporting period[75]. - The company has engaged in necessary related transactions following fair pricing principles, ensuring no harm to the company's interests[52]. Operational Highlights - The company has maintained its operational management and brand promotion for its proprietary brands[26]. - The company has a dedicated team for international brand product development and supply chain management[26]. - The company has maintained its core competitiveness in "brand + platform" synergy, management team, full-category custom tailoring, intelligent production, and omnichannel marketing, with no significant changes during the reporting period[71]. - The company has a total of 1,684 offline stores established across various provinces and cities, including 746 direct-operated stores and 938 franchise stores[96]. - The direct-operated stores saw a net increase of 83 stores during the year, while franchise stores decreased by 26[96]. - The company upgraded its store image and focused on brand operation for the "亨利•格兰" brand during the reporting period[93]. - The company actively integrated online and offline sales channels, leveraging live streaming on platforms like Douyin to drive growth in e-commerce[110]. - The company focused on internal organization and skill enhancement for custom business teams to lay a foundation for future growth in the custom business segment[110]. Strategic Initiatives - The company plans to expand its online business, including Douyin and video live streaming, to counteract the decline in offline sales[107]. - The company is committed to its 2022-2024 three-year strategic plan, aiming for high-quality and sustainable development[131]. - The company has implemented cost control measures and enhanced marketing efforts to improve efficiency[131]. - The company is actively exploring new retail channels, such as Douyin, to capture growth opportunities[131]. - The company has extended its customer base beyond the financial sector to include telecommunications, transportation, and energy industries[131]. - The company achieved a significant increase in revenue, achieving a total of 20 million towards new technology initiatives[198]. Inventory and Logistics - As of December 31, 2022, the company's inventory balance was RMB 1,289,267,943.76, with a provision for inventory impairment of RMB 110,251,108.00[188]. - The company's inventory net realizable value after impairment was RMB 1,179,016,835.76[190]. - The company reported a logistics expenditure of RMB 82.62 million during the reporting period, with RMB 16.75 million attributed to in-house logistics and RMB 65.87 million to outsourced logistics[70]. - The company incurred rental and property fees of RMB 116.11 million for leasing properties used for brand outlets and subsidiary offices during the reporting period[84]. Governance and Audit - The audit opinion for the financial statements was a standard unqualified opinion[149]. - The management emphasized the importance of internal controls in the financial reporting process to ensure accuracy and reliability[199]. - The governance team is actively overseeing the financial reporting process to maintain transparency and accountability[199]. - The audit process involved professional judgment and skepticism to ensure compliance with auditing standards[200].