茂业商业(600828) - 2022 Q4 - 年度财报

Financial Performance - The basic earnings per share for 2022 was CNY 0.1973, a decrease of 16.54% compared to CNY 0.2364 in 2021[8] - The diluted earnings per share for 2022 also stood at CNY 0.1973, reflecting the same percentage decrease as the basic earnings per share[8] - The company's net profit attributable to shareholders decreased by 92.69% due to a decline in operating income, influenced by factors such as the pandemic and extreme weather conditions[48] - The net profit attributable to shareholders was CNY 34,178.71 million, down 16.51% year-on-year, while the net profit after deducting non-recurring gains and losses dropped by 92.69% to CNY 2,456.59 million[87] - The company's operating revenue for 2022 was CNY 3,409,351,272.11, a decrease of 18.20% compared to CNY 4,167,802,067.56 in 2021[125] - Total operating revenue for the period was approximately ¥3.41 billion, a decrease from ¥4.17 billion in the previous period, representing a decline of about 18.2%[189] - Net profit for the period was approximately ¥333.31 million, compared to ¥419.18 million in the previous period, indicating a decrease of about 20.5%[189] Cash Flow - The net cash flow from operating activities decreased by 47.61%, primarily due to a decline in sales revenue leading to reduced cash received from goods sold and services provided[9] - The net cash flow from operating activities decreased by 47.61%, amounting to CNY 682,109,467.27 compared to CNY 1,301,868,514.11 in 2021[125] - The net cash flow from investing activities increased significantly by 330.73%, reaching CNY 468,753,367.08 compared to -CNY 203,162,217.62 in the previous year[106] - The net cash flow from financing activities showed a decrease of 38.42%, amounting to -CNY 1,334,753,326.63 compared to -CNY 964,302,595.66 in 2021[106] Revenue and Sales - The total revenue for the reporting period was CNY 2,191.21 million, a decrease from CNY 2,862.24 million in the previous year, indicating a decline in sales[184] - The retail sales of consumer goods in 2022 totaled RMB 43.97 trillion, with a nominal year-on-year decline of 0.2%[31] - The company's online retail sales amounted to RMB 374.29 million, accounting for approximately 17.02% of total department store sales[57] - Offline department store retail sales reached CNY 1,816.91 million, representing about 82.92% of total department store retail sales[185] - The sales growth rate for the Chengdu store was -24.55%, with a revenue of CNY 306.47 million[184] - The Shenzhen store reported a revenue of CNY 1,075.77 million, reflecting a decrease of -18.45% compared to the previous year[184] - The Huhehaote store's revenue was CNY 507.82 million, showing a decline of -30.16% year-on-year[184] Strategic Initiatives - The company plans to deepen reforms and enhance internal capabilities as part of its strategic initiatives[26] - The company is focusing on market expansion and new strategies to improve its financial performance moving forward[26] - The company plans to enhance its core competitiveness by optimizing product mix and increasing the proportion of high-margin products, such as international cosmetics[59] - The company aims to strengthen online and offline integration to improve sales efficiency and customer experience[36] - The company is committed to continuous digital transformation and multi-channel business expansion to adapt to changing market trends[56] - The company plans to invest approximately CNY 426 million in the construction of the Maoye Times Square project, which is expected to take 20 months to complete[186] Assets and Liabilities - The total assets of the company as of December 31, 2022, were RMB 2,050.59 million, with total liabilities of RMB 1,279.56 million and shareholders' equity of RMB 771.02 million[38] - The company's total assets at the end of 2022 were CNY 20,505,850,939.60, a decrease of 4.06% from CNY 21,372,519,370.18 at the end of 2021[125] - The net assets attributable to shareholders increased by 1.37% to CNY 7,161,808,235.23 from CNY 7,065,071,824.89 in the previous year[125] Operational Efficiency - The company disposed of non-core assets to improve overall operational efficiency and focus on core business, which is expected to enhance future business growth[31] - The company reported a significant increase in non-recurring gains from the disposal of non-current assets, amounting to CNY 73,825,894.02 in 2022[21] - The gross profit margin for the department store retail segment decreased by 2.84 percentage points to 49.50%, with revenue declining by 23.44%[89] - The company reported a significant decline in the weighted average return on net assets, dropping to 4.80% from 6.16% in the previous year[126] Supplier Relationships - The company reported a significant reliance on a few suppliers, with the top five suppliers accounting for 71.79% of total purchases[97] - The company aims to develop a nationwide unified cooperation with suppliers, transitioning from regional partnerships[85] - The company is focusing on enhancing partnerships with suppliers and expanding its brand recognition and reputation[85] Membership and Customer Engagement - The membership management system "MaoYueHui" served about 4.06 million members, with member retail sales reaching RMB 770.79 million, representing about 35.06% of total department store sales[57] - The company is enhancing its online service levels and efficiency for members, focusing on quality assurance and logistics to improve overall customer satisfaction[133] - The total number of various membership data and their sales contribution was not specified but is part of the company's strategic focus[185]