ZBJT(000759)2025-04-25 19:25Financial Performance - The company's operating revenue for 2024 was CNY 10,380,736,744, representing a decrease of 10.81% compared to CNY 11,639,438,276 in 2023[21]. - The net profit attributable to shareholders for 2024 was CNY -528,264,424, a decline of 64.01% from CNY 354,459,677.65 in 2022[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -508,432,813.73, down 50.43% from CNY 363,797,441.69 in 2022[21]. - The total assets at the end of 2024 were CNY 10,704,198,980, a decrease of 6.97% from CNY 11,466,860,421 in 2023[21]. - The net assets attributable to shareholders decreased by 23.72% to CNY 1,787,942,337.9 from CNY 2,305,073,874.2 in 2023[21]. - The basic earnings per share for 2024 was CNY -0.78, a decline of 65.96% from CNY -0.50 in 2023[21]. - The total revenue for 2024 is approximately ¥10.38 billion, a decrease of 10.81% compared to ¥11.64 billion in 2023[49]. - Supermarket revenue accounts for 89.22% of total revenue, totaling approximately ¥9.26 billion, down 12.39% from ¥10.57 billion in 2023[49]. - The revenue from the Hubei region is approximately ¥10.03 billion, representing 96.63% of total revenue, with a decrease of 10.63% from ¥11.22 billion in 2023[49]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in Q3 2023, representing a 15% year-over-year growth[99]. Cash Flow and Investments - The net cash flow from operating activities increased by 5.10% to CNY 550,395,365.17 from CNY 523,672,667.80 in 2023[21]. - The company reported a net cash flow from operating activities of CNY 352.61 million in Q1 2024, but a negative cash flow of CNY -48.30 million in Q4 2024[27]. - Operating cash inflow decreased by 10.81% to ¥11,600,639,623.93 in 2024 from ¥13,006,531,360.85 in 2023[62]. - Investment activities generated a net cash flow of -¥214,390,878.82 in 2024, a decline of 150.83% from -¥85,472,895.59 in 2023[62]. - The total investment amount in the reporting period was ¥225,954,729.25, representing a 62.08% increase from ¥139,411,262.08 in the previous year[67]. Operational Strategy and Expansion - The company plans to open 163 new convenience stores and 18 community supermarkets as part of its expansion strategy[33]. - The online self-developed platform "Zhongbai Neighborhood Purchase" saw a sales increase of 66% year-on-year[35]. - The company conducted over 1,600 live streaming events, attracting more than 260 million views[35]. - The company has restructured 10 warehouse hypermarkets and closed 42 community supermarkets to improve operational efficiency[33]. - The company introduced 265 new products and eliminated over 10,000 low-efficiency SKUs in its convenience stores[35]. - The company is focused on optimizing its supply chain and enhancing its logistics capabilities, being recognized as a national emergency logistics support center[45]. - The company is expanding its multi-format retail strategy, integrating online and offline channels to improve customer experience[46]. - The company is actively developing its "Bao Bao Life" local service platform and enhancing online service quality to improve customer shopping experience[77]. Governance and Compliance - The company has established a comprehensive internal control system to manage risks related to compliance, finance, and data security[80]. - The company emphasizes investor relations management, utilizing multiple channels to communicate with investors and ensure timely information disclosure[88]. - The company has conducted multiple board meetings and shareholder meetings to ensure compliance with governance regulations and maintain transparency[85]. - The company is focused on improving its governance structure and has established various committees to support decision-making processes[86]. - The company maintains a complete separation from its controlling shareholder, Wuhan Shangan (Group) Co., Ltd., in terms of business, personnel, assets, institutions, and finance[89]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management, ensuring continuous improvement in governance standards[87]. Environmental and Social Responsibility - The company strictly adheres to environmental protection laws and standards, ensuring compliance with various pollution discharge regulations[135]. - The company has implemented measures to treat odors from wastewater treatment, ensuring compliance with environmental standards[137]. - The company is committed to fulfilling its social responsibilities, including providing essential supplies to vulnerable groups and supporting local communities[144]. - The company conducted precision poverty alleviation procurement in 24 key poverty-stricken counties, purchasing nearly 7,300 tons of products with a total value of approximately 94 million yuan[145]. - The company invested approximately 2.09 million yuan in outsourcing the operation of its wastewater treatment plant and paid an environmental protection tax of 75,900 yuan in 2024[140]. Human Resources and Talent Development - The total number of employees at the end of the reporting period is 14,045, with 11,538 in sales, 1,101 in production, and 586 in technical roles[115]. - The company has established a three-year talent development plan to ensure the cultivation of skilled and versatile employees[118]. - The company plans to enhance employee training and development, focusing on building a learning organization and improving core competencies to support long-term growth[118]. - The company has a salary policy that emphasizes internal fairness, external competitiveness, and performance-driven adjustments, linking total salary to operational performance[116]. Legal and Regulatory Matters - The company is involved in a legal dispute related to property leasing, labor employment, transportation contracts, and sales contracts, with a total amount of 73.8014 million CNY, but it does not constitute a significant impact on operations[156]. - The company received an administrative regulatory measure from Hubei Securities Regulatory Bureau on December 20, 2023, due to failure to timely disclose employee embezzlement, violating disclosure regulations[104]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[142]. Shareholder and Stock Information - The company reported a total of 2,300,600 shares at the beginning of the period, with a net decrease of 1,160,000 shares, resulting in an ending balance of 1,140,600 shares[92]. - The company completed the election of the 11th Board of Directors and Supervisory Board, with a term of three years, on April 15, 2024[165]. - The company has a total of 12 directors and senior management personnel, with several holding positions in other organizations[104]. - The company’s independent directors include Ji Zhibin, Yu Guojie, and Du Peng, who also serve in academic and corporate roles[104]. - The company has implemented a stock incentive plan, with a total of 24,992,014 shares involved, including 12,802,208 shares under restricted stock[175].