Economic Environment - In 2022, food prices fluctuated significantly, increasing by 2.8% compared to a decrease of 1.4% in 2021, impacting the CPI by approximately 0.51 percentage points[20]. - The overall competition in the physical retail industry intensified, necessitating adaptive strategies to maintain market position[20]. - In 2022, total retail sales of consumer goods in China were RMB 43,973.3 billion, a decrease of 0.2% year-on-year[32]. - The overall economy is expected to recover gradually in 2023, with local governments prioritizing the restoration and expansion of consumption[127]. Business Challenges and Responses - The Group faced multiple challenges including the COVID-19 pandemic and domestic economic downturn, leading to a reorganization of its business across various dimensions such as customer positioning and supply chain management[20]. - The Group ensured the supply of essential materials during severe lockdowns, demonstrating its commitment as a state-owned enterprise[20]. - The Group's actions during the pandemic were aimed at stabilizing public sentiment and ensuring consumer access to necessary supplies[20]. - The Group's commitment to social responsibility was highlighted through its proactive measures during the pandemic[20]. - The Group's response to pandemic challenges included optimizing supply chain logistics and ensuring timely delivery of essential goods[52]. Financial Performance - Revenue from principal business was RMB 8,661,087,292, representing a decrease of approximately 14.2% compared to 2021[24]. - Gross profit was RMB 1,200,243,230, representing a decrease of approximately 0.7% compared to 2021[24]. - Total profit was RMB -23,629,596, representing a decrease of approximately 154.5% compared to 2021[24]. - Profit attributable to shareholders of the parent company was RMB -96,070,695, representing a decrease of approximately 327.5% compared to 2021[24]. - Basic earnings per share was RMB -0.23, compared to RMB -0.05 in 2021[24]. - The Group's principal operating income decreased by approximately 14.2%, with retail income increasing while wholesale income declined[76]. - Other operating income decreased by approximately 7.9% from RMB956.2 million to RMB880.3 million, mainly due to reduced rental income and decreased sales in the wholesale business[82]. Operational Highlights - The total number of retail outlets was 142 as of December 31, 2022[36]. - The Group opened four convenience stores during the Reporting Period, while closing four supermarkets and 19 convenience stores[38]. - The total retail principal operating income for the Group increased by 4.8% to RMB 3,398,362,000 in 2022 from RMB 3,243,963,000 in 2021[57]. - Hypermarkets reported a revenue increase of 4.0%, reaching RMB 923,553,000, while supermarkets saw a 6.2% increase to RMB 2,190,602,000[57]. - The convenience stores' revenue slightly increased by 0.9% to RMB 283,518,000, whereas department stores experienced a significant decline of 94.4% to RMB 689,000[57]. - The Group implemented category management, resulting in improved sales quantity and inventory turnover days compared to the previous year[42]. - The Group enhanced its logistics services, efficiently completing daily and temporary distribution tasks during the pandemic and major events like the Beijing Winter Olympics[52]. - The Group focused on food safety management, conducting regular inspections and implementing a quarterly sampling inspection plan for commodities[50]. - The operational management of fresh food commodities was strengthened, improving store efficiency and customer attraction[46]. - The Group introduced regional and freshly-made products to cater to young consumer preferences, integrating online and offline marketing resources[45]. Corporate Governance - The Group recognizes the importance of a robust corporate governance framework to drive sustainable development and long-term value for shareholders[134]. - The Company has complied with all code provisions of the Corporate Governance Code during the reporting period, except for the directors' retirement by rotation[136]. - The Board is collectively responsible for safeguarding the best interests of the Group and is accountable to shareholders for major corporate matters[147]. - The company has appointed three independent non-executive directors, meeting the requirement of having at least one-third of the board composed of independent members[153]. - The company emphasizes the importance of board diversity and has adopted a policy to ensure a balanced composition of directors[176]. - The board of directors has a gender ratio of 7:2, with women making up 22% of all members[177]. - The company has established a board diversity policy that will be reviewed annually to reflect regulatory requirements and good governance practices[179]. Employee Management - The total staff costs for the year 2022 were approximately RMB 729,020,479, compared to RMB 724,005,881 in 2021, reflecting a slight increase[112]. - The Group employed 4,458 employees as of December 31, 2022, down from 4,781 employees in the previous year[112]. - Contributions to the retirement benefits scheme amounted to approximately RMB 67,901,952 for the reporting period, compared to RMB 64,657,918 in 2021[113]. - The Group hosted approximately 89 training seminars during the year to improve employee skills and professional knowledge[118]. Future Strategies - The Group plans to enhance digital technology and logistics systems in 2023 to improve customer service capabilities[25]. - The Group will continue to focus on high-quality development in its wholesale business, expanding product categories and gradually achieving full-category operations[129]. - The Group aims to enhance brand operation capabilities and expand nationwide agency cooperation channels to build an efficient and mutually beneficial business ecosystem[131]. - The retail business will adhere to a "people-oriented" development concept and a "customer-centric" business philosophy, focusing on category management and digital technology integration[131]. - The Group will continue to enhance logistics operation efficiency and expand the scope of logistics business to consolidate market share in wholesale[131].
北京京客隆(00814) - 2022 - 年度财报