SHJB(SH:600838)2022-03-30 16:00Financial Performance - The company's operating revenue for 2021 was RMB 98,637,197.27, an increase of 5.67% compared to RMB 93,345,752.94 in 2020[20]. - The net profit attributable to shareholders for 2021 was RMB 102,450,663.91, representing a significant increase of 91.91% from RMB 53,383,407.63 in 2020[20]. - The basic earnings per share for 2021 was RMB 0.2556, up 91.89% from RMB 0.1332 in 2020[21]. - The total assets at the end of 2021 reached RMB 1,688,952,363.40, a 12.92% increase from RMB 1,495,649,251.85 at the end of 2020[20]. - The total profit attributable to shareholders for the fourth quarter of 2021 was 18.27 million yuan, with a net profit excluding non-recurring items of 18.90 million yuan[26]. - The net profit after deducting non-recurring gains and losses was RMB 75,206,314.80, reflecting a year-on-year increase of 37.91%[45]. - The company's operating costs decreased by 6.26% to RMB 72,511,545.37 from RMB 77,356,986.25[47]. - The company reported a net cash flow from operating activities of RMB 6,128,211.06, a turnaround from a negative cash flow of RMB -1,502,233.95 in the previous year[47]. - The company achieved total revenue of RMB 98,637,197.27 in 2021, an increase of 5.67% compared to RMB 93,345,752.94 in the previous year[45]. - The company received compensation of RMB 31,641,700 for property expropriation, contributing 27.80% to the net profit for the reporting period[49]. Investment and Assets - The company invested RMB 115,281,945.96 in investment activities, a significant improvement from a negative cash flow of RMB -148,241,913.59 in the previous year[47]. - The company holds a 30% stake in Shanghai Jiuguang Department Store Co., Ltd., which contributed 7,562.75 thousand CNY in investment income and 25,209.16 thousand CNY in net profit during the reporting period[75]. - The company's long-term equity investment value reached CNY 506.19 million, accounting for 29.97% of total consolidated assets[169]. - The company reported cash and cash equivalents of CNY 305.19 million, an increase from CNY 206.37 million in the previous year[177]. - Non-current assets include long-term equity investments valued at CNY 506.19 million, up from CNY 498.56 million in the previous year[177]. Corporate Governance - The company has implemented a new governance structure with the election of the tenth board of directors and supervisory board to ensure continuity and stability in operations[32]. - The company is committed to improving corporate governance and ensuring transparency in information disclosure to protect shareholder interests[91]. - The company has a structured approach to governance, with a clear delineation of roles among its board members and management team[97]. - The company elected its 10th Board of Directors and Supervisory Board on December 30, 2021, consisting of 7 directors and 3 supervisors[99]. - The company has a total of 11 directors and supervisors, with varying ages and tenures, ensuring a diverse leadership team[97]. Strategic Initiatives - The company is focusing on enhancing management and profitability through investments in commercial real estate and partnerships with affiliated enterprises[31]. - The company has initiated a restructuring of its laundry service business to improve operational efficiency and expand its customer base through online channels[33]. - The company plans to enhance its leasing capabilities and stabilize rental income amidst a saturated commercial real estate market[40]. - The company aims to enhance asset and operational quality by revitalizing and integrating existing assets to improve commercial operation quality[78]. - The company will focus on human resource planning to meet development needs, aiming to improve recruitment efficiency and reduce turnover rates[80]. Market and Economic Environment - The retail sector in China saw a total retail sales of consumer goods exceeding RMB 40 trillion in 2021, with domestic demand contributing 79.1% to economic growth[39]. - The retail industry is expected to see a strong recovery, with a focus on integrating online and offline sales channels to meet diverse consumer needs[73]. - The commercial real estate market is anticipated to enter a steady development phase, supported by urban renewal and digital transformation[74]. - The company faces risks from macroeconomic fluctuations affecting consumer spending, competition from e-commerce, and potential declines in market share and profitability[86]. - The pandemic has significantly altered consumer behavior, leading to a shift towards online shopping and impacting traditional retail operations[88]. Financial Management - The company has established a comprehensive internal control system that has been effectively executed, with no major defects reported during the period[124]. - The company actively participates in environmental protection initiatives, including the installation of air purification systems and the recycling of cooling water[130]. - The company has achieved compliance with environmental standards in various monitoring tests conducted throughout the year[131]. - The company emphasizes fair compensation and performance-based salary distribution to attract and retain key talent[119]. - The company has a training program aligned with its strategic goals, focusing on enhancing employee skills and performance[120]. Shareholder Information - The total number of ordinary shareholders increased from 36,120 to 37,487 during the reporting period[154]. - The largest shareholder, Shanghai Jiubai (Group) Co., Ltd., holds 80,176,408 shares, accounting for 20.00% of the total share capital[157]. - The company reported a profit distribution of CNY 16,035,279.24 to shareholders[199]. - The company aims to maintain a cash dividend distribution of at least 30% of the average distributable profit over the last three years[121]. - The company has not reported any significant internal control deficiencies during the reporting period[125].