Financial Performance - Total revenue for the fiscal year ended June 30, 2023, was RMB 4,465.1 million, an increase of 9.3% or RMB 379.2 million compared to RMB 4,085.9 million for the fiscal year ended June 30, 2022[2] - Net profit for the fiscal year ended June 30, 2023, was RMB 621.3 million, up 11.2% or RMB 62.4 million from RMB 558.9 million in the previous fiscal year[2] - The gross profit for the fiscal year was RMB 2,916.99 million, compared to RMB 2,607.37 million in the previous year[5] - Basic earnings per share for the fiscal year was RMB 1.24, an increase from RMB 1.12 in the previous year[6] - The company reported a total comprehensive income of RMB 642,388 thousand for the year ended June 30, 2023, up from RMB 555,484 thousand in the previous year, representing a growth of approximately 15.6%[10] - The operating profit for the year ended June 30, 2023, was RMB 857,898 thousand, compared to RMB 775,852 thousand in the previous year, indicating an increase of about 10.6%[17][18] - The company reported a profit attributable to shareholders of RMB 621,292 thousand for the year ended June 30, 2023, compared to RMB 558,880 thousand in the previous year, indicating an increase of about 11.2%[10] - The company’s profit attributable to shareholders for the year ended June 30, 2023, was RMB 621,292,000, an increase of 11.1% from RMB 558,880,000 in 2022[25] - The net profit for fiscal year 2023 was RMB 621,300,000, reflecting an 11.2% growth from RMB 558,900,000 in fiscal year 2022, with a net profit margin increase from 13.7% to 13.9%[58] Retail and Membership Growth - The total number of retail stores increased from 1,956 to 1,990, covering all provinces, autonomous regions, and municipalities in mainland China, as well as 9 other countries and regions globally[2] - The number of unique member accounts exceeded 6.9 million, with over 6.7 million being WeChat accounts, maintaining a stable electronic WeChat member ratio of over 90%[2] - Active member accounts contributing to retail sales accounted for approximately 80% of total retail sales, with nearly 510,000 active members and around 260,000 members spending over RMB 5,000[2] - Comparable store sales growth for physical retail stores was 9.1% in fiscal year 2023, driven by strategic investments in store image upgrades and the introduction of new retail concepts[45] - Active member accounts increased to over 510,000 in fiscal year 2023, up from over 420,000 in fiscal year 2022, contributing approximately 80% of total retail sales[46] Assets and Liabilities - Total assets as of June 30, 2023, amounted to RMB 4,065.83 million, compared to RMB 3,899.84 million in the previous year[7] - Total liabilities decreased from RMB 2,214.87 million to RMB 2,084.30 million[8] - As of June 30, 2023, the total equity amounted to RMB 1,981,523 thousand, an increase from RMB 1,684,965 thousand as of June 30, 2022, reflecting a growth of approximately 17.6%[10] - The company’s total liabilities decreased to RMB 1,000,000 thousand as of June 30, 2023, from RMB 1,200,000 thousand a year earlier, reflecting a reduction of approximately 16.7%[10] Cash Flow and Dividends - The net cash generated from operating activities for the year ended June 30, 2023, was RMB 939,119 thousand, compared to RMB 852,874 thousand for the previous year, indicating an increase of about 10.1%[11] - The company paid dividends totaling RMB 391,864 thousand during the year, a decrease from RMB 612,085 thousand in the previous year, reflecting a reduction of about 36%[11] - The board proposed a final dividend of HKD 0.67 per share, approximately RMB 0.63 per share[3] - The total dividends distributed and paid by the company for the year ended June 30, 2023, amounted to RMB 391,864,000, a decrease of 36% from RMB 612,085,000 in 2022[28] Expenses and Financial Management - Employee benefits expenses, including share-based payments, rose to RMB 434,792 thousand, compared to RMB 367,454 thousand in the previous year, marking an increase of about 18.3%[19] - Selling and marketing expenses for fiscal year 2023 amounted to RMB 1,695,100,000, representing 38.0% of total revenue, up from 37.0% in fiscal year 2022[56] - Administrative expenses for fiscal year 2023 were RMB 445,600,000, accounting for 10.0% of total revenue, compared to 9.2% in fiscal year 2022[56] Investments and Capital Expenditures - The company incurred a net cash outflow from investing activities of RMB 239,773 thousand for the year, compared to a net cash inflow of RMB 190,175 thousand in the previous year[11] - Capital expenditures for fiscal year 2023 totaled RMB 155,400,000, an increase from RMB 140,000,000 in fiscal year 2022[59] - The company’s investment in property, plant, and equipment amounted to RMB 148,734 thousand for the year, compared to RMB 134,439 thousand in the previous year, reflecting an increase of approximately 10.6%[11] Future Outlook and Strategy - The company anticipates continued economic recovery in China, creating new opportunities for high-quality development, driven by consumer demand for personalized and fashionable products[68] - The company plans to optimize its designer brand portfolio through self-incubation or acquisitions, enhancing design and R&D capabilities[68] - The company aims to strengthen its retail network using internet technology and enhance its marketing platform and supply chain capabilities[68] - The company is committed to implementing ESG practices and achieving its 2025 commitments for sustainable development[69] Audit and Compliance - The audit committee has reviewed the accounting principles and practices adopted by the company for the fiscal year 2023[74] - The external auditor, PwC, confirmed that the figures in the performance announcement align with the audited consolidated financial statements for the fiscal year 2023[74] - The annual performance announcement is available on the Hong Kong Stock Exchange website and the company's website[75]
江南布衣(03306) - 2023 - 年度业绩