DS(SH:600694)2023-03-31 16:00Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of RMB 549,186,761.21, a decrease of 27.69% compared to the previous year[6]. - The company's operating revenue for 2022 was RMB 7,276,640,109.11, representing a decline of 13.04% year-on-year[24]. - The basic earnings per share for 2022 was RMB 1.93, down 26.89% from RMB 2.64 in 2021[26]. - The net cash flow from operating activities was RMB 715,994,243.11, a decrease of 7.66% compared to the previous year[24]. - The total assets of the company at the end of 2022 were RMB 18,146,443,611.15, down 14.36% from the previous year[24]. - The company's net assets attributable to shareholders decreased by 9.42% to RMB 8,024,368,163.86 at the end of 2022[24]. - The weighted average return on net assets for 2022 was 6.49%, a decrease of 2.21 percentage points from the previous year[26]. - The company reported a significant increase of 164.07% in net cash flow from investment activities, totaling 1,086,268,307.15 RMB[56]. - The company recorded non-recurring gains of 164.99 million RMB in 2022, with significant contributions from asset disposals and government subsidies[31]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, resulting in a total cash dividend of approximately RMB 142,296,623.00[6]. - The proposed cash dividend distribution is 5.00 RMB per 10 shares (including tax), resulting in an estimated total cash dividend of 142,296,623.00 RMB, which corresponds to a cash dividend ratio of 25.91%[126]. - Cumulative cash dividends to shareholders since the company's listing have exceeded 3.069 billion yuan, ensuring stable returns for shareholders, especially minority investors[142]. Business Strategy and Operations - The company implemented a "Four Self" operating policy, focusing on self-selling, self-manufacturing, self-operation, and self-distribution to expand its business scale[35]. - The company signed unified procurement contracts with major brands to enhance purchasing scale and maximize efficiency, thereby improving market competitiveness[36]. - The company adjusted its product structure and layout to meet market changes, increasing the operational area for food-related products while reducing space for clothing and other items[37]. - The company conducted 12 major marketing activities throughout the year, achieving significant growth during events like the May Day Festival and the 618 Home Appliance Festival[38]. - The company aims to enhance its industry competitiveness through innovative retail business models and strategic resource integration[34]. - The company is focusing on upgrading existing stores and innovating operational strategies to capture market share amid fierce competition[68]. - The company plans to expand its home appliance business by opening flagship stores and community stores, targeting rapid growth in regions such as Liaoning, Heilongjiang, and Henan[94]. Market and Competitive Environment - Online retail sales in China reached 137,853 million RMB, growing by 4.0% year-on-year, while physical retail sales faced significant challenges[43]. - The company reported a decline in foot traffic due to changing consumer habits and increased competition from online channels, impacting overall sales performance[97]. - The company faces increasing competition in Mudanjiang, where the retail market is becoming more decentralized and competitive[73]. - The overall economic development in Jiamusi is still at a low level, with a significant reliance on agriculture and forestry, leading to declining consumer income[73]. Governance and Compliance - The company maintained strict compliance with information disclosure regulations, ensuring transparency and protecting shareholder rights[98]. - The company’s governance structure is well-defined, with clear responsibilities among its decision-making, supervisory, and management bodies[96]. - The company’s board of directors and supervisory board adhered to legal and regulatory requirements, ensuring effective oversight and governance[97]. - The company has implemented a performance assessment system for its directors and senior management to ensure accountability and transparency[107]. Legal Matters and Litigation - The company is involved in significant litigation, with a total disputed amount of 1.33 billion RMB related to a real estate development contract dispute with Xinda Investment Co., Ltd.[159]. - The company has ongoing litigation regarding a rental agreement with a total claim amount of 26,618,258 CNY[163]. - The company is actively pursuing legal remedies in multiple ongoing lawsuits, with hearings yet to be scheduled for some cases[163]. Social Responsibility and Sustainability - The company emphasized sustainable development and social responsibility during the pandemic, receiving recognition from relevant departments and consumers[34]. - The company is committed to promoting green consumption and has expanded the procurement and sales of green low-carbon products in recent years[140]. - The company donated 37,000 yuan to a charity event aimed at supporting children in Xinjiang, demonstrating its commitment to social responsibility[145]. Employee and Management Structure - The total number of employees across the parent company and major subsidiaries is 10,699, with 7,358 in sales roles, 1,250 in finance, and 642 in technical positions[121]. - The company has implemented a training program focusing on various aspects such as onboarding, product knowledge, and leadership development for its employees[123]. - The company’s remuneration for directors and senior management is linked to annual income and net profit performance, with evaluations based on individual roles and contributions[107]. Future Outlook and Strategic Plans - The company aims to restore sales performance to 2019 levels, with a focus on rapid recovery and new business development to enhance overall performance[89]. - The company plans to acquire 100% equity of Shenyang Qiansheng Department Store Co., Ltd. and other related entities as part of its strategic expansion[115]. - The company is actively pursuing strategic acquisitions to enhance its market position and expand its operational footprint[115].