CMC(SH:600327)2019-04-11 16:00Financial Performance - In 2018, the company achieved a net profit of ¥300,540,148.46, with a net profit attributable to shareholders of the listed company amounting to ¥294,529,956.95, representing a year-on-year increase of 12.73%[4]. - The company's total revenue for 2018 was ¥9,153,568,276.92, showing a slight decrease of 0.15% compared to ¥9,167,576,908.14 in 2017[20]. - The net profit attributable to shareholders for Q1 2018 was CNY 123.60 million, while Q4 2018 saw a decrease to CNY 53.49 million[24]. - The company reported a net profit of ¥151,406,889.22 after deducting non-recurring gains and losses, which is a decrease of 39.12% compared to ¥248,692,445.65 in 2017[20]. - Basic earnings per share increased by 12.71% to CNY 0.399 in 2018 compared to CNY 0.354 in 2017[21]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, dropping to CNY 0.205 per share in 2018 from CNY 0.438 in 2017, a decline of 53.20%[21]. - The company achieved total revenue of 9.15 billion RMB, a year-on-year decrease of 0.15%[60]. - Net profit attributable to shareholders was 295 million RMB, an increase of 12.73% compared to the previous year[60]. Assets and Liabilities - The net asset attributable to shareholders of the listed company at the end of 2018 was ¥2,714,139,469.05, down 3.61% from ¥2,815,826,131.03 at the end of 2017[20]. - The total assets decreased by 10.08% to ¥4,698,724,195.87 in 2018 from ¥5,225,584,313.51 in 2017[20]. - The total liabilities decreased from CNY 2,302,269,882.08 to CNY 1,901,275,821.30, a decline of around 17%[180]. - The owner's equity decreased from CNY 2,923,314,431.43 to CNY 2,797,448,374.57, a reduction of about 4%[180]. - Cash and cash equivalents decreased from CNY 1,125,718,875.36 to CNY 862,688,135.38, a decline of approximately 23%[179]. - The company's capital reserve decreased from CNY 374,380,253.72 to CNY 255,062,316.11, a decline of approximately 32%[180]. Cash Flow - The operating cash flow net amount for 2018 was ¥193,759,050.71, a decrease of 17.10% from ¥233,713,097.91 in 2017[20]. - The net cash flow from operating activities was CNY 193,759,050.71, a decrease from CNY 233,713,097.91 in the previous year[191]. - The net cash flow from investing activities improved by 14.78%, totaling -137 million RMB[69]. - The net cash flow from financing activities increased by 32.61%, amounting to -161 million RMB[69]. - The ending cash and cash equivalents balance decreased to ¥336,900,759.69 from ¥396,760,379.86, a decline of approximately 15.0%[195]. Dividends and Shareholder Information - The company plans to distribute cash dividends of ¥2.00 per 10 shares and to increase capital by 2 shares for every 10 shares held, totaling a cash dividend distribution of ¥147,463,253[4]. - The company reported a cash dividend distribution plan for the 2017 fiscal year, distributing a total of CNY 85,074,953.55 in cash dividends and 56,716,636 shares as stock dividends[104]. - For the 2018 fiscal year, the company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 147,463,253, and will also increase capital by issuing 113,433,272 shares[105]. - The largest shareholder, Jiangsu Wuxi Commercial Building Group Co., Ltd., holds 324,009,207 shares, accounting for 43.94% of total shares[131]. Business Segments and Market Position - The company operates three main business segments in food and beverage: cooked food, packaged food, and dining, with over 200 varieties of products sold across more than 20 major cities in China and internationally[36]. - The automotive sales segment ranked 31st in the 2018 Top 100 Automotive Dealers in China, reflecting its strong market position[34]. - The food and beverage segment generated a total revenue of CNY 18,942.05 million in 2018, with a gross margin of 44.98%, down from CNY 20,384.30 million and a gross margin of 45.35% in 2017[38]. - The overall automotive sales market in China saw a decline of 2.76% in 2018, with total sales of 28.08 million vehicles, marking the first decrease in over a decade[41]. Operational Efficiency and Strategy - The company is focused on innovation and quality in its food products, aiming to enhance its brand reputation and expand its market presence[36]. - The company is implementing a digital transformation strategy to improve management efficiency and customer engagement across all divisions[93]. - The company has invested nearly 100 million in the department store over the past two years for upgrades and adjustments to maintain market competitiveness[49]. - The company is prioritizing cost optimization and efficiency enhancement across all departments to improve overall performance[95]. Risk Management and Governance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[5]. - The company has established a mechanism to address potential risks and ensure the effectiveness of its internal control system[163]. - The company has a robust corporate governance structure in compliance with relevant laws and regulations, ensuring equal rights for all shareholders[156]. - The company has not encountered any major litigation or arbitration matters during the reporting period[113]. Employee and Management Information - The total number of employees in the parent company is 713, while the total number of employees in major subsidiaries is 4,310, resulting in a combined total of 5,023 employees[150]. - The company follows a performance-based compensation policy that emphasizes fairness internally and competitiveness externally, linking performance pay to economic indicators[152]. - The company is committed to enhancing employee training through collaboration with well-known training institutions, focusing on management, operations, and professional skills[153]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 12.5461 million yuan[148].