茂业商业(600828) - 2021 Q4 - 年度财报

Financial Performance - In 2021, the company achieved a net profit of CNY 11,508,764.11, with total distributable profits amounting to CNY 1,268,082,981.68 after adjustments[7]. - The company's operating revenue for 2021 was CNY 4,167,802,067.56, representing a 12.67% increase compared to CNY 3,699,218,629.39 in 2020[28]. - Net profit attributable to shareholders increased by 92.18% to CNY 409,359,544.40 from CNY 213,013,189.25 in the previous year[28]. - The net cash flow from operating activities rose by 45.33% to CNY 1,301,868,514.11, driven by improved sales performance[33]. - Basic earnings per share for 2021 was CNY 0.2364, a 92.20% increase from CNY 0.1230 in 2020[30]. - The weighted average return on equity increased to 6.16%, up by 2.89 percentage points from 3.27% in the previous year[30]. - The company's total assets at the end of 2021 were CNY 21,372,519,370.18, an 11.05% increase from CNY 19,246,543,568.04 at the end of 2020[28]. - The net profit after deducting non-recurring gains was CNY 336,020,825.40, reflecting a 10.54% increase from CNY 303,987,348.13 in 2020[28]. Dividend Distribution - The proposed cash dividend distribution is CNY 1.5 per 10 shares, totaling CNY 259,797,381.90 based on a total share capital of 1,731,982,546 shares as of December 31, 2021[7]. - The company plans to retain undistributed profits for future years, with no capital increase from surplus reserves in 2021[7]. Governance and Compliance - The board of directors has confirmed that all members attended the meeting, ensuring governance compliance[5]. - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm, affirming the accuracy of the financial statements[6]. - The company has not faced any violations in decision-making procedures regarding external guarantees[9]. - The company has established a robust internal control system to ensure compliance with regulations and protect shareholder interests, with a focus on transparency and accountability[142]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards and effective decision-making[142]. Market Strategy and Expansion - The company plans to continue expanding its market presence and investing in new product development to sustain growth[33]. - The company is focusing on digital transformation and enhancing online and offline integration to improve customer experience and service efficiency[51]. - The company is actively upgrading key store projects, including the reconstruction of Chengdu Yanshiko Maoye Tian Di North District and the Chengdu Shuangliu Maoye Times Square project[56]. - The company is committed to enhancing its core competitiveness by optimizing product mix and strengthening brand management[53]. - The company plans to invest up to 1.2 billion RMB in a commercial complex development project in Baotou, Inner Mongolia, to expand market share[114]. Risks and Challenges - The company has outlined potential risks in its future development strategies, advising investors to be cautious[11]. - Risks identified include macroeconomic adjustments impacting consumer confidence and increased competition in the retail sector, which may affect sales and profitability[137]. - The company anticipates ongoing pressure on its operating performance in 2022 due to the global pandemic and its impact on consumer behavior and the retail landscape[131]. Customer Engagement and Sales - The company served approximately 3.57 million members through its "Maoyuehui" membership management system, with member retail sales accounting for about 47.10% of total retail sales[52]. - The online retail sales for the company reached 401.06 million RMB, representing approximately 14.01% of total retail sales[52]. - The company is focusing on enhancing the balance between attracting foot traffic and increasing purchase rates in its retail operations[68]. - The company aims to enhance customer service and member engagement through various channels, focusing on both external growth through acquisitions and internal growth by maximizing existing resources[135]. Financial Management - The company has implemented various cost-reduction measures to improve efficiency, including optimizing personnel structure and reducing advertising costs[50]. - The company reported a significant increase in financial expenses by 44.68%, attributed to the implementation of new leasing standards[78]. - The company reported a total of 4000 square meters of self-owned warehouse space, which has been repurposed due to business changes[107]. Shareholder Relations - The company held five shareholder meetings in 2021, all of which complied with relevant laws and regulations, ensuring the legality and validity of the resolutions passed[156]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 5.6359 million yuan[184]. - The compensation for directors and supervisors is determined by the shareholders' meeting, while senior management remuneration is reviewed by the compensation and assessment committee before being approved by the board[184].