NBZB(SH:600857)2021-03-29 16:00Financial Performance - The company reported a total operating revenue of ¥736.65 million in 2020, a decrease of 27.03% compared to ¥1,009.60 million in 2019[21]. - The net profit attributable to shareholders was ¥22.50 million, down 45.43% from ¥41.23 million in the previous year[21]. - The cash flow from operating activities showed a significant decline, with a net outflow of -¥149.13 million compared to a positive inflow of ¥5.19 million in 2019[21]. - Basic earnings per share decreased to ¥0.10, down 44.44% from ¥0.18 in 2019[22]. - The total assets of the company were ¥1,112.22 million at the end of 2020, a decrease of 19.34% from ¥1,378.82 million in 2019[21]. - The company's net assets attributable to shareholders decreased by 17.84% to ¥530.45 million from ¥645.63 million in 2019[21]. - The company reported a net loss of 3,014,022.51 RMB in 2020, compared to a profit of 10,821,021.11 RMB in 2019, marking a significant decline[26]. - The total profit for the period was 2,781.69 million CNY, down 47.07% from 5,255.28 million CNY in the previous year, with net profit attributable to the parent company at 2,250.24 million CNY, a decrease of 45.43%[38]. - The company reported a significant decrease in trading financial assets, down to CNY 296,151.82 million, a reduction of 98.52% due to the maturity and redemption of wealth management products[54]. - The company reported a total of 64,483,616.10 RMB in other comprehensive income, reflecting changes in the value of certain investments[200]. Cash Flow and Liquidity - The company experienced a net cash outflow of -¥87.48 million in the fourth quarter alone[23]. - The net cash flow from operating activities was -149,125,607.12 CNY, a decrease of 2,973.95% compared to the previous year[51]. - The company’s cash and cash equivalents increased by 154,125,662.91 CNY, reflecting a significant improvement in liquidity[51]. - Cash and cash equivalents at the end of 2020 totaled 213,622,960.65 RMB, a substantial increase from 59,497,297.74 RMB at the end of 2019[180]. - The company experienced a net increase in cash and cash equivalents of 154,125,662.91 RMB in 2020, contrasting with a decrease of -38,733,886.78 RMB in 2019[180]. Market and Operational Strategies - The company aims to enhance its operational capabilities through new marketing strategies and improved governance, despite the challenging economic environment[30]. - The company is focusing on multi-channel marketing strategies, including live streaming and social media, to boost sales in the retail sector[37]. - The company plans to enhance its retail market competitiveness and cautiously expand its wealth management investment business in 2021[68]. - The company aims to improve the quality and returns of property assets through innovation and service excellence in 2021[69]. - The company is focusing on market expansion, particularly in the structured deposit sector, aiming to capture a larger market share[106]. Shareholder and Governance Information - The company has not proposed any stock dividend distribution for the years 2018, 2019, and 2020, indicating a focus on maintaining cash reserves[78]. - The company has a cash dividend policy that prioritizes cash distributions, with a requirement that cumulative cash distributions over the last three years must be at least 30% of the average annual distributable profits[74]. - The company has a total of 436,690 shares held by the current and former directors, supervisors, and senior management[128]. - The company has a diverse board with members having backgrounds in finance, management, and academia[128]. - The company has established a governance structure that ensures equal rights for all shareholders and maintains effective communication with them[138]. Legal and Compliance Issues - The company is involved in a major lawsuit related to the former chairman's illegal activities, with a total of 178,452,830.82 RMB already deducted by the Beijing First Intermediate Court, indicating ongoing execution risks[70]. - The company has received a total of four notifications from Ningbo Intermediate People's Court regarding securities false statement disputes, with a total litigation amount of approximately 7.66 million yuan[95]. - The company is currently involved in an administrative lawsuit against the China Securities Regulatory Commission regarding penalties for alleged information disclosure violations, with the case still under review[99]. - The company has faced a total of 178,452,830.8 yuan in funds frozen by Beijing First Intermediate Court due to ongoing litigation[94]. Employee and Compensation Information - The total pre-tax compensation for the chairman and general manager, Ying Feijun, was CNY 2.324 million[127]. - The total pre-tax compensation for the vice chairman and deputy general manager, Yan Peng, was CNY 850,000[127]. - The company has implemented a training program for employees, including both internal and external training sessions[134]. - The company’s senior management compensation is determined based on annual operational performance indicators[133]. Social Responsibility and Community Engagement - The company has committed to social responsibility by donating 1,000 million and organizing employee contributions of 70,050.30 for pandemic relief efforts[112]. - The company allocated 20.10 million for poverty alleviation initiatives, including 0.90 million for supporting three impoverished students[111]. - The company has actively engaged in community support activities, including direct donations and assistance to local families[110]. Future Outlook - The company provided a positive outlook for the upcoming year, projecting a revenue increase of 1,000 million with a net profit margin of 4.05%[105]. - The company plans to continue its focus on expanding its market presence and enhancing its product offerings in the upcoming year[194].