SHJB(SH:600838)2021-03-30 16:00Financial Performance - The company's operating revenue for 2020 was CNY 93,345,752.94, an increase of 25.75% compared to CNY 74,232,786.59 in 2019[23] - The net profit attributable to shareholders of the listed company was CNY 53,383,407.63, a decrease of 46.07% from CNY 98,986,312.42 in the previous year[23] - The basic earnings per share for 2020 was CNY 0.1332, down 46.05% from CNY 0.2469 in 2019[24] - The company reported a net profit of CNY 54,531,766.28 after deducting non-recurring gains and losses, down 44.83% from CNY 98,847,856.85 in 2019[23] - The total operating revenue for 2020 was CNY 93,345,752.94, an increase of 25.7% compared to CNY 74,232,786.59 in 2019[179] - Net profit for 2020 was CNY 53,383,407.63, a decrease of 46.1% from CNY 98,986,312.42 in 2019[180] Assets and Liabilities - The total assets at the end of 2020 were CNY 1,495,649,251.85, representing a 3.54% increase from CNY 1,444,491,030.26 at the end of 2019[23] - Total assets increased to CNY 1,599,670,901.31 in 2020 from CNY 1,547,252,215.89 in 2019, reflecting a growth of 3.4%[177] - Total liabilities increased to CNY 122,670,666.74 in 2020 from CNY 113,215,696.10 in 2019, marking an increase of approximately 8.1%[172] - Total liabilities rose to CNY 73,064,116.48 in 2020, compared to CNY 65,420,447.19 in 2019, marking an increase of 10.1%[177] - Shareholders' equity rose to CNY 1,372,978,585.11 in 2020 from CNY 1,331,275,334.16 in 2019, representing an increase of about 3.1%[173] Cash Flow - The net cash flow from operating activities for 2020 was CNY -1,502,233.95, an improvement from CNY -9,127,144.93 in 2019[25] - The cash flow from operating activities in Q4 2020 was CNY 19,550,962.45, recovering from negative cash flows in earlier quarters[28] - The net cash flow from investing activities was -148,241,913.59 yuan, compared to a positive 114,249,100.69 yuan in the previous period[63] - The company’s cash and cash equivalents at the end of 2020 were ¥205,882,093.39, down from ¥385,692,399.20 at the end of 2019[186] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.40 per 10 shares, totaling CNY 16,035,279.24[5] - The company distributed a cash dividend of 0.75 RMB per 10 shares for the 2019 fiscal year, totaling 30,066,148.58 RMB[98] - In 2020, the company reported a cash dividend of 0.40 RMB per 10 shares, amounting to 16,035,279.24 RMB, with a payout ratio of 30.04%[99] Strategic Initiatives - The company has identified potential risks related to future development in its report, advising investors to be cautious[8] - The company plans to focus on enhancing consumer engagement and adapting to market changes driven by digital transformation in the retail sector[75] - The company aims to enhance operational quality and asset quality, focusing on upgrading facilities and improving tenant quality to support future business upgrades[81] - The company will actively explore new business models and sales channels to drive growth and enhance performance during the "14th Five-Year Plan" period[85] Market and Industry Challenges - The company faced a decrease in investment income due to the impact of the COVID-19 pandemic, affecting overall financial performance[36] - The company implemented budget management as a key focus to control costs and reduce unnecessary expenditures during the pandemic[42] - The laundry industry in China faces challenges such as low industry standards, low entry barriers, and an oversupply on the supply side, leading to weak overall risk resistance[78] - The company faces risks from macroeconomic fluctuations affecting consumer spending and competition from e-commerce platforms, which may impact its retail operations[93] Governance and Compliance - The audit opinion on the financial statements was a standard unqualified opinion, indicating that the financial statements fairly reflect the company's financial position and operating results[159] - The company has no significant deficiencies in internal control as per the internal control self-evaluation report[158] - The company maintains compliance with corporate governance standards as per relevant laws and regulations[152] Shareholder Information - The total number of ordinary shareholders increased from 41,314 to 42,617, representing a growth of approximately 3.1%[131] - The largest shareholder, Shanghai Jiubai (Group) Co., Ltd., holds 80,176,408 shares, accounting for 20.00% of the total share capital[134] - The total shares held by the Jiubai Group, including its asset management plan, amount to 100,220,516 shares, which is 25.00% of the total share capital[134] Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 192, with 26 in the parent company and 166 in subsidiaries[147] - The company emphasizes a competitive salary structure to attract and retain key talents, ensuring sustainable development[148] - The company conducts regular training programs to enhance employee skills and core competitiveness[149] Social Responsibility - The company donated CNY 300,000 to support poverty alleviation efforts in Nan'ou Village, Yunnan Province, as part of its commitment to social responsibility[121]