Bestore(SH:603719)2023-03-23 16:00Financial Performance - The net profit attributable to shareholders for 2022 was RMB 335,475,973.76, while the parent company achieved a net profit of RMB 34,585,540.49[4] - The company's revenue for 2022 was approximately RMB 9.44 billion, representing a year-on-year increase of 1.24% compared to RMB 9.32 billion in 2021[26] - The net profit attributable to shareholders for 2022 was RMB 335.48 million, an increase of 19.16% from RMB 281.53 million in 2021[26] - The basic earnings per share for 2022 was RMB 0.84, reflecting a 20.00% increase from RMB 0.70 in 2021[27] - The total assets at the end of 2022 were approximately RMB 5.04 billion, a decrease of 7.25% from RMB 5.43 billion at the end of 2021[26] - The net cash flow from operating activities for 2022 was RMB 102.84 million, a significant decrease of 75.05% compared to RMB 412.17 million in 2021[26] - The company's net assets attributable to shareholders increased by 11.80% to RMB 2.40 billion at the end of 2022, up from RMB 2.15 billion at the end of 2021[26] - The weighted average return on equity for 2022 was 14.86%, an increase of 1.68 percentage points from 13.18% in 2021[27] - The company achieved operating revenue of CNY 9,439,614,030.51, an increase of 1.24% year-on-year[56] - Main business revenue was CNY 9,318,529,298.00, up 1.91% year-on-year, with online revenue accounting for 50.42% and offline revenue 49.58%[56] Dividend Distribution - The proposed cash dividend distribution is RMB 2.53 per 10 shares, totaling RMB 100,689,800.20, which accounts for 30.01% of the net profit attributable to shareholders[4] - The company does not plan to issue bonus shares or increase capital reserves in the current profit distribution[4] - Each shareholder will receive CNY 2.53 per 10 shares as a cash dividend[155] - The cash dividend for the 2021 fiscal year was set at ¥2.12 per 10 shares, totaling ¥84,372,480.80 distributed to shareholders, which is 65.43% of the net profit attributable to shareholders[151] Market Expansion and Product Development - The company plans to continue expanding its market presence and investing in new product development to drive future growth[26] - The company launched 83 new products and has 57 products in reserve, focusing on core categories and specific consumer needs[33] - The company achieved over 20% sales growth in takeaway business through differentiated marketing strategies[38] - The company plans to enhance its high-end snack brand positioning and increase investment in product research and development to meet consumer demand for nutritious and healthy food[102] - The company plans to enter international markets in 2023, targeting a revenue contribution of 10% from overseas sales by the end of the year[124] Research and Development - R&D investment reached 50.55 million RMB, a 27.45% increase from 2021[33] - The company’s R&D strategy involves both in-house and outsourced development to meet diverse consumer needs and enhance product offerings[46] - The company is investing in new technology development, allocating $10 million for R&D in the upcoming quarter[127] Sales and Marketing - The company opened a total of 661 new stores in 2022, including 166 direct-operated and 495 franchised stores, bringing the total to 3,226 stores[37] - The online sales penetration rate for leisure snacks reached 14.1% in 2022, slightly lower than in 2021[41] - The company has established a full-channel marketing network, integrating online and offline sales effectively[54] - The company aims to increase its online sales by 30% through enhanced digital marketing strategies[127] Supply Chain and Operations - The company’s supply chain management includes precise procurement planning and inventory control to ensure product freshness and reduce turnover rates[48] - The company utilizes a data-driven supply chain management platform to optimize inventory across B2B, B2C, and offline channels, enhancing turnover efficiency[90] - The company has over 300 suppliers to mitigate supply chain risks and has implemented a five-level production and sales coordination system[92] Corporate Governance - The company adheres to legal and regulatory requirements for corporate governance, ensuring transparency and protecting shareholder rights[111] - The company has appointed new independent directors to enhance governance and oversight[114] - The company reported no penalties from securities regulatory agencies in the last three years, indicating compliance[135] Risk Management - The company has described potential risks in the annual report, which investors should pay attention to[9] - The company faces seasonal sales risks, with higher consumer demand for snacks typically in the first and fourth quarters due to climate and traditional holidays[104] - Raw material price volatility poses a risk, as the company relies on agricultural products whose prices can fluctuate due to natural conditions and market supply and demand[105] Employee Management - The total number of employees in the parent company and major subsidiaries is 11,632, with 3,097 in the parent company and 8,535 in subsidiaries[144] - The company has established a competitive and incentive-based salary system, ensuring fairness and legality in compensation practices[146] - The company plans to continue optimizing talent development programs in 2023, focusing on business process-based training[149] Social Responsibility - The company invested CNY 165.52 million in social responsibility projects, including CNY 80 million in cash donations and CNY 85.52 million in material contributions[166] - The company is committed to sustainable packaging practices to reduce carbon emissions and has optimized packaging design to minimize plastic use[164]