n.n.store(SH:600712)2021-04-09 16:00Financial Performance - The company reported a net profit of approximately -130.25 million yuan for 2020, a decrease of 2,841.89% compared to the previous year[5]. - Total operating revenue for 2020 was 779.40 million yuan, representing a decline of 58.05% from 1.86 billion yuan in 2019[20]. - Basic earnings per share for 2020 were -0.24 yuan, a decrease of 2,500% compared to 0.01 yuan in 2019[21]. - The weighted average return on net assets was -13.58% in 2020, a decrease of 14.05 percentage points from 0.47% in 2019[21]. - The total profit for the period was -147.2 million RMB, representing a year-on-year decline of 1,563.17%[41]. - The net profit attributable to shareholders was -130.3 million RMB, down 2,841.89% compared to the previous year[41]. - The company reported a significant loss in retained earnings, with an amount of -¥77.37 million, reflecting a 241.91% decrease compared to the previous period[54]. - The company's total revenue for 2020 was approximately ¥559.27 million, a significant decrease of 61.5% compared to ¥1.45 billion in 2019[192]. - The net profit for 2020 was a loss of approximately ¥130.25 million, compared to a profit of ¥4.75 million in 2019, indicating a substantial decline in profitability[191]. Asset and Liability Management - The company's total assets decreased by 4.70% to 1.80 billion yuan at the end of 2020, down from 1.89 billion yuan in 2019[20]. - The company’s net assets attributable to shareholders decreased by 12.87% to 893.24 million yuan at the end of 2020[20]. - The total liabilities of the company as of December 31, 2020, were not explicitly stated but can be inferred from the current liabilities and other financial obligations[182]. - The company's total liabilities increased to 931,487,640.04 RMB in 2020 from 869,817,507.52 RMB in 2019, representing a growth of 7.8%[187]. - The total equity attributable to shareholders decreased to 1,098,376,887.85 RMB in 2020 from 1,247,001,666.78 RMB in 2019, a decline of 12%[187]. Cash Flow Analysis - Cash flow from operating activities was 17.93 million yuan, down 40.68% from 30.22 million yuan in 2019[20]. - The net cash flow from operating activities decreased by 40.68% to ¥17.93 million, primarily due to a decline in sales[52]. - The net cash flow from investing activities was negative at ¥25.49 million, significantly increasing by 3614.18% due to high cash outflows for store renovations[52]. - The cash inflow from operating activities was CNY 1,575,965,017.64, a decrease of 26.5% compared to CNY 2,146,981,573.48 in 2019[194]. - The net cash flow from financing activities improved to CNY 28,751,424.66 in 2020, compared to -CNY 64,976,400.63 in 2019, showing a significant turnaround[195]. Revenue and Cost Management - The total operating costs for 2020 were approximately ¥413.88 million, a decrease from ¥1.17 billion in 2019, reflecting cost-cutting measures[192]. - The total cost of goods sold in the retail segment decreased by 62.88% compared to the previous year, amounting to approximately ¥558.52 million[49]. - The gross profit margin for the retail sector increased by 6.23 percentage points to 20.98% despite a revenue decline of 59.96%[46]. - The company's total operating revenue for 2020 was 779,402,861.81 RMB, a decrease of 58.1% compared to 1,857,804,073.80 RMB in 2019[189]. Strategic Initiatives and Future Outlook - The company initiated the "14th Five-Year" development strategy planning in 2020, focusing on future growth objectives and key tasks[37]. - The company is focusing on integrating online and offline sales channels to adapt to changing consumer behaviors and market conditions[78]. - The company plans to enhance its main business capabilities by increasing brand management and introducing benchmark brands to meet consumer demands[81]. - The company aims to accelerate its digital transformation by developing a "cloud shopping" platform and enhancing its membership and marketing digitalization[82]. - The company anticipates that the retail industry will face challenges due to the ongoing impact of the COVID-19 pandemic, but sees potential for long-term growth driven by consumer trends and technological advancements[78]. Governance and Compliance - The company has established a comprehensive information disclosure system to ensure timely and accurate reporting[152]. - The audit report confirmed that there were no significant misstatements in the financial statements, providing reasonable assurance of their accuracy[177]. - The company has not reported any significant accounting errors or changes that would require retrospective adjustments[96]. - The company has not faced any risks of suspension or termination of its listing status during the reporting period[98]. Social Responsibility and Community Engagement - The company has invested over 1.3367 million RMB in 10 poverty alleviation projects, helping 59 registered impoverished individuals to escape poverty[115]. - The company has contributed approximately 500,000 RMB worth of anti-epidemic supplies to support medical institutions during the COVID-19 pandemic[117]. - The company has implemented a "Winter Sun" charity event, raising approximately 400,000 RMB in donations for impoverished areas[112]. - The company organized 6 agricultural product exhibitions, generating sales exceeding 100,000 RMB from nearly 40 impoverished villages[109]. Shareholder Information - The total number of ordinary shareholders increased from 47,334 to 50,819 during the reporting period[123]. - The largest shareholder, Nanning Futian Investment Co., Ltd., holds 102,687,831 shares, representing 18.85% of the total shares[124]. - Nanning Peining Asset Management Co., Ltd. holds 99,491,492 shares, accounting for 18.27% of the total shares, with an increase of 40,107 shares during the reporting period[124]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.1458 million yuan[137].