XAYS(SZ:000721)2021-03-29 16:00Financial Performance - The company's operating revenue for 2020 was ¥410,865,232.43, a decrease of 17.90% compared to ¥500,457,531.65 in 2019[21] - The net profit attributable to shareholders in 2020 was ¥9,012,392.67, a significant increase of 119.11% from a loss of ¥47,150,837.67 in 2019[21] - The net cash flow from operating activities was ¥33,605,357.50, representing a 199.57% increase compared to a negative cash flow of ¥33,751,788.39 in 2019[21] - The company's total assets at the end of 2020 were ¥1,256,480,021.35, reflecting a 13.85% increase from ¥1,103,595,553.38 at the end of 2019[21] - The net assets attributable to shareholders increased to ¥1,256,480,021.35, up 13.85% from ¥1,103,595,553.38 in 2019[21] - The basic and diluted earnings per share for 2020 were ¥0.0181, compared to a loss of ¥0.0945 in 2019, marking a 119.15% improvement[21] - The revenue after deducting non-main business income was ¥389,347,277.20 in 2020, down from ¥500,457,531.65 in 2019[23] - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, amounting to -¥90,846,451.10 in 2020[21] - The weighted average return on net assets for 2020 was 1.45%, compared to -7.36% in 2019[21] - The company’s total operating income for 2020 was 505,433,841.97 CNY, a decrease of 6.63% compared to 2019[56] Revenue and Growth - In Q1 2020, the company reported a revenue of ¥63,749,842.13, which increased to ¥170,847,815.46 by Q4 2020, showing a significant growth in revenue over the year[26] - The company opened 36 new projects throughout the year, including various dining establishments and catering services, marking a significant expansion effort[39] - The restaurant service revenue was ¥275,786,598.89, accounting for 67.12% of total revenue, which is a decline of 26.69% from the previous year[46] - The food industry segment saw online sales revenue grow by 270% year-on-year, driven by the introduction of new retail channels and products[40] Government Support and Subsidies - The company received government subsidies amounting to ¥120,706,378.90 in 2020, primarily due to support measures related to the pandemic[27] - The total non-recurring gains and losses for the year amounted to ¥99,858,843.77, significantly higher than the previous years[28] - Other income significantly increased to CNY 120,706,378.90, contributing 1,377.07% to total profit, primarily due to government subsidies related to pandemic support[59] Operational Efficiency and Management - The company implemented a "4D on-site management system" across 47 operating outlets to enhance operational efficiency[41] - The management team consists of experienced professionals, contributing to the company's operational efficiency and competitive advantage[36] - The company is focusing on quality restructuring and management upgrades to drive innovation and development, implementing a centralized kitchen and standardized cooking technology to enhance operational efficiency[81] - The company is addressing talent shortages by implementing a "talent strong enterprise" strategy, focusing on internal training and external recruitment to fill high-level positions[84] Strategic Initiatives - The company emphasizes digital transformation and retail expansion in response to changing consumer behaviors post-pandemic[32] - The company aims to implement a "6+N" business strategy focusing on both mass consumption and high-end demand, enhancing operational quality and customer experience[78] - The company is adopting an "Internet + new technology" approach to integrate online and offline services, aiming to attract new consumer groups[77] - The company is focusing on project development, including the "IN Food Xi'an" street project and the reconstruction of Xi'an Rice Restaurant East Street, to promote cultural tourism integration[80] Social Responsibility and Community Engagement - The company actively undertook social responsibilities, including maintaining shareholder rights and implementing energy-saving measures[122] - In 2020, the company donated a total of 62,900 yuan and provided 6,254 pandemic relief items valued at 1.146 million yuan to support frontline workers[123] - The company engaged in targeted poverty alleviation, successfully helping a specific household achieve poverty alleviation in 2020[124] - The company promoted local agricultural products, purchasing from impoverished areas to boost sales and income[124] Shareholder and Governance Matters - The company has maintained a consistent dividend policy, with no cash dividends proposed in the last three years[89][93] - The company’s cash dividend policy is compliant with its articles of association and shareholder resolutions[89] - The company has established independent financial and human resource management systems[183] - The company has conducted three shareholder meetings, ensuring separate voting for minority shareholders[180] Internal Control and Audit - The company’s internal control self-evaluation report was disclosed on March 30, 2021, covering 91.16% of total assets and 100% of total revenue[194] - The internal control audit report indicates that the company maintained effective internal controls in all material aspects as of December 31, 2020[198] - The audit opinion type is a standard unqualified opinion, indicating no significant deficiencies in non-financial reporting[198] Employee and Management Structure - The total number of employees in the company is 3,338, with 2,317 in the parent company and 1,021 in major subsidiaries[173] - The company has a diverse management team with various educational backgrounds and experiences in the hospitality industry[162] - The company has implemented a competitive salary policy to adapt to the industry's challenges posed by the pandemic[176] - Training plans are established annually, with a mix of online and offline training methods to enhance employee skills[177]