BUSEN(SZ:002569)2024-08-29 13:17Financial Performance - The total operating revenue for 2019 was RMB 359.12 million, an increase of 12.28% compared to RMB 319.86 million in 2018[7] - The net profit attributable to shareholders was RMB 23.74 million, a significant recovery from a net loss of RMB 192.82 million in 2018, representing a 123.07% increase[7] - The basic earnings per share for 2019 was RMB 0.170, a recovery from a loss of RMB 1.38 per share in 2018[7] - The net profit attributable to the parent company was 44.48 million yuan, a significant increase of 123.07% year-on-year[12] - The net profit after deducting non-recurring gains and losses was -25.22 million yuan, which is a 44.80% increase in loss compared to the previous year[12] Cash Flow and Assets - The net cash flow from operating activities was negative RMB 11.85 million, but improved by 75.02% from negative RMB 47.45 million in the previous year[7] - The total assets at the end of 2019 were RMB 616.30 million, a decrease of 6.49% from RMB 659.07 million at the end of 2018[7] - The weighted average return on net assets was 13.96%, a significant improvement from -48.82% in 2018[7] Store and Subsidiary Information - The company had a total of 427 stores at the end of the reporting period, including 48 direct-operated stores, 24 joint-operated stores, and 355 franchised stores[6] - The company established two new subsidiaries in 2019, with a total registered capital of 130 million yuan[16] Revenue Breakdown - The revenue from shirts was 55.64 million yuan, down 21.70% year-on-year, with a gross margin of 40.94%[13] - The revenue from trousers was 61.70 million yuan, up 7.04% year-on-year, with a gross margin of 36.36%[13] - The revenue from suits was 87.66 million yuan, an increase of 25.70% year-on-year, with a gross margin of 35.09%[13] - The revenue from jackets was 82.91 million yuan, up 38.77% year-on-year, with a gross margin of 36.32%[13] - The revenue from knitted garments was 41.01 million yuan, with a slight decrease of 0.48% year-on-year, and a gross margin of 41.22%[13] Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[1] - The company continues to strengthen its management in quality control, product design, brand operation, supply chain, and marketing network[6] - The company has established an e-commerce division to explore online sales channels and enhance its market presence[6] - The company is actively expanding its direct sales model and new retail business to enhance sales performance[12]