Hefei Dept(SZ:000417)2023-04-07 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.7 RMB per 10 shares to all shareholders based on a total share capital of 779,884,200 shares as of December 31, 2022[4]. - The company has not issued any bonus shares or capital reserves in the current dividend distribution plan[4]. - The cash dividend distribution accounted for 100% of the total profit distribution, with a distributable profit of 1,016,811,630.10 RMB[138]. - The company achieved a net profit of ¥124,821,004.28 for the year 2022, with a proposed cash dividend of ¥0.7 per 10 shares, totaling ¥54,591,894[140]. - The company allocated ¥37,446,301.29 to statutory and discretionary surplus reserves, resulting in distributable profits of ¥1,016,811,630.10[140]. - The remaining undistributed profits amount to ¥962,219,736.10, which will be carried forward to future distributions[140]. Financial Performance - The company's operating revenue for 2022 was ¥6,301,890,006.53, a decrease of 0.57% compared to 2021[20]. - The net profit attributable to shareholders decreased by 7.32% to ¥167,606,622.31 in 2022[20]. - The net cash flow from operating activities dropped significantly by 38.45% to ¥595,766,215.30[20]. - The basic earnings per share for 2022 was ¥0.2149, down 7.33% from the previous year[20]. - Total assets at the end of 2022 increased by 1.31% to ¥13,061,719,034.70[20]. - The company reported a total operating cost of approximately ¥4.45 billion, an increase of 1.58% from ¥4.38 billion in 2021[60]. - The company’s total assets and net assets attributable to shareholders were 130.62 billion yuan and 42.96 billion yuan, respectively, reflecting growth of 1.31% and 2.89%[47]. Business Operations - The company has maintained its business and operational models without significant changes during the reporting period[35]. - The company operates 241 physical stores across various formats, primarily in Anhui Province, establishing a retail network that covers the provincial capital and radiates throughout the province[33]. - The company is focusing on digital transformation and new retail models to enhance consumer experience and operational efficiency[32]. - The company is expanding its self-operated business and increasing high-margin new product development to drive growth[90]. - The company is implementing a unified customer service platform and enhancing service value to improve customer experience[91]. Market and Industry Context - The retail industry is facing challenges such as declining consumer confidence and rising operational costs, impacting the company's growth prospects[87]. - The macroeconomic environment has pressured the retail sector, leading to a decline in consumer spending and a shift towards digital and diversified consumption[83]. - The company recognizes the need to adapt to changing consumer behaviors and preferences, emphasizing the importance of understanding new consumer groups[87]. Governance and Management - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring accountability for any misleading statements[4]. - The company aims to enhance its governance structure and promote sustainable operations following the changes in management[110]. - The current management team includes professionals with diverse backgrounds in finance, investment, and public administration[111]. - The company has a clear succession plan in place to maintain stability and continuity in leadership roles[110]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 6.4682 million yuan[119]. Social Responsibility and Community Engagement - The company emphasizes its commitment to social responsibility, aiming for sustainable development and harmonious relationships with stakeholders[150]. - The company conducted 114 charitable activities benefiting over 20,000 individuals, demonstrating its commitment to social responsibility[155]. - The company supported 175 employees through mutual assistance programs and provided scholarships to 270 employees' children[153]. Risk Management - The company anticipates facing risks related to macroeconomic conditions, industry transformation, market competition, and product safety[97]. - The company emphasizes compliance and internal control to mitigate risks and enhance operational efficiency[93]. - The company has established an effective internal control system, with no significant or important defects reported during the reporting period[142]. Strategic Initiatives - The company aims to achieve a revenue target of over CNY 6.5 billion in 2023, focusing on dual main businesses of retail and agricultural product circulation[88]. - The company plans to invest 1.3 billion yuan in 2023 for market project construction, store renovations, and expanding investment areas[96]. - The company is focusing on digital transformation, aiming to strengthen online business scale and improve sales through digital marketing and management[92].