LFX(SH:600612)2023-04-27 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥63.01 billion, representing a 7.36% increase compared to ¥58.69 billion in 2021[16]. - The net profit attributable to shareholders of the listed company decreased by 9.38% to approximately ¥1.70 billion from ¥1.88 billion in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 8.66% to approximately ¥1.73 billion from ¥1.59 billion in 2021[16]. - Basic earnings per share decreased by 9.38% to CNY 3.2504 in 2022 compared to CNY 3.5868 in 2021[17]. - The company's net profit attributable to shareholders for Q4 2022 was CNY 344,282,413.22, down from CNY 465,617,255.31 in Q3 2022[18]. - Total profit amounted to CNY 3.03 billion, completing 96.65% of the board's target of CNY 3.13 billion, and showing a 6.59% decrease from CNY 3.24 billion in 2021[31]. - The company's operating revenue reached CNY 63.01 billion, achieving 99.86% of the board's target of CNY 63.09 billion, and representing a 7.36% increase from CNY 58.69 billion in 2021[31]. Cash Flow and Assets - Cash generated from operating activities decreased significantly by 51.55% to approximately ¥964 million from ¥1.99 billion in 2021[16]. - The net cash flow from operating activities decreased by 51.55% to ¥964,083,141.66 in 2022[38]. - The total assets increased by 16.75% to approximately ¥26.00 billion from ¥22.27 billion at the end of 2021[16]. - The company's total assets increased to ¥26,004,840,307.89 in 2022, up from ¥22,274,857,485.87 in 2021, representing a growth of approximately 16.4%[176]. - The company's cash and cash equivalents decreased to ¥5,576,986,231.19 in 2022 from ¥7,045,773,666.43 in 2021, a decline of approximately 20.9%[175]. Dividends and Shareholder Returns - The proposed dividend distribution is ¥14.60 per 10 shares, totaling approximately ¥763.75 million, subject to shareholder approval[3]. - The company distributed cash dividends of 14.50 CNY per 10 shares for the 2021 fiscal year, totaling 758,520,757.80 CNY (including tax) paid to shareholders[115]. - For the 2022 fiscal year, the proposed cash dividend is 14.60 CNY per 10 shares, amounting to 763,751,935.44 CNY (including tax), which represents 44.92% of the net profit attributable to shareholders[115]. Market and Operational Developments - The company expanded its marketing network to 5,609 outlets by the end of 2022, with a net increase of 664 outlets during the year[26]. - The company aims to enhance its market expansion and innovation strategies in line with the "14th Five-Year Plan"[22]. - The company has established two jewelry production bases in Dongguan, enhancing production efficiency and product quality through advanced automation technology[28]. - The company launched new products with sales reaching ¥137 billion, achieving a product update rate of over 26%[56]. - The company plans to open at least 350 new retail outlets, including silver specialty stores and counters, to enhance market presence[80]. Risks and Governance - The company has detailed risk descriptions in the annual report, which investors should pay attention to[5]. - The company faces risks from macroeconomic uncertainties and fluctuations in gold prices and exchange rates, which could impact performance[86]. - The company held 1 shareholders' meeting, 6 board meetings, and 6 supervisory board meetings in 2022, indicating a structured governance process[88]. - The company’s governance structure complies with the requirements of the Company Law and relevant regulations from the China Securities Regulatory Commission[88]. Corporate Social Responsibility - The company engaged in charitable donations totaling 175.23 thousand RMB, benefiting approximately 16,000 individuals[132]. - The company implemented a rental reduction policy, waiving a total of 21.76 million RMB (approximately 3.36 million USD) in rent for 116 tenants over 6 months to support small and micro enterprises[133]. - The company has maintained a commitment to assist in the cultural and industrial development of ethnic minority regions, including donations for educational support[136]. Future Outlook - The company aims for a total revenue of 66.5 billion yuan in 2023, representing a growth of 5.54% compared to 2022[78]. - The total profit target for 2023 is set at 3.2 billion yuan, reflecting a 5.70% increase from the previous year[78]. - The net profit attributable to shareholders is projected to reach 1.8 billion yuan, which is a 5.83% growth compared to 2022[78].