ZBJT(SZ:000759)2019-03-27 16:00Financial Performance - The company's operating revenue for 2018 was approximately CNY 15.21 billion, a slight increase of 0.02% compared to CNY 15.21 billion in 2017[13]. - Net profit attributable to shareholders for 2018 reached CNY 430.95 million, representing a significant increase of 537.06% from CNY 67.65 million in 2017[13]. - The net profit after deducting non-recurring gains and losses was CNY 29.46 million, a turnaround from a loss of CNY 47.40 million in 2017, marking a 162.16% improvement[13]. - The net cash flow from operating activities was CNY 591.49 million, up 244.64% from CNY 171.63 million in the previous year[13]. - Basic earnings per share for 2018 were CNY 0.63, an increase of 537.06% compared to CNY 0.10 in 2017[13]. - The company's total assets at the end of 2018 were CNY 8.00 billion, a 3.21% increase from CNY 7.76 billion at the end of 2017[13]. - The net assets attributable to shareholders increased by 13.01% to CNY 3.39 billion from CNY 2.99 billion in 2017[13]. - The company achieved an annual revenue of CNY 15.208 billion, a slight increase of 0.02% year-on-year, while net profit attributable to the parent company reached CNY 431 million, marking a significant growth of 537.06%[27]. - The company reported a total profit of 630 million yuan, up 328.32%[21]. - The total operating costs for 2018 were ¥11,787,991,907.93, showing a slight decrease of 0.02% compared to 2017[48]. Business Operations - The company operated 1,255 retail outlets by the end of 2018, maintaining its position as the leading supermarket chain in Hubei province[21]. - The company's revenue from supermarkets was 14.062 billion yuan, accounting for 92.46% of total revenue, while department stores contributed 1.016 billion yuan, or 6.69%[21]. - A total of 187 new commercial outlets were developed, bringing the total number of outlets to 1,255, an increase of 125 compared to the previous year[27]. - The company introduced 22 new private label products, enhancing its product offerings and competitiveness in the market[28]. - The company opened 10 new warehouse stores and upgraded 8 existing stores, while also developing 51 neighborhood fresh stores and 115 Zhongbai Lawson stores[27]. - The company is actively exploring new retail formats and has developed a diverse range of business models, including large supermarkets, convenience stores, and fresh food stores[20]. - The logistics distribution system has been enhanced with the construction of new logistics centers, which is expected to further expand market share and brand influence[25]. Strategic Initiatives - The company plans to continue its transformation efforts to enhance operational performance, especially in light of the absence of non-recurring gains in 2019[4]. - The company aims to enhance its online sales significantly by promoting third-party platforms such as Taoxian and Meituan, targeting a higher sales share from these channels[63]. - The company intends to optimize its supply chain by increasing direct sourcing and self-owned brand sales, aiming to enhance overall operational efficiency[63]. - The company plans to explore new retail business models, including community group buying and online meal ordering services[63]. - The company is committed to integrating its supply chain and has initiated direct sourcing of imported goods to enhance its supply chain's international development[24]. Shareholder Returns - A cash dividend of CNY 0.50 per 10 shares (including tax) is proposed for shareholders, with no bonus shares to be issued[4]. - A cash dividend of CNY 0.50 per share (totaling CNY 34,051,075) was declared for 2018, representing 7.90% of the net profit attributable to ordinary shareholders[72]. Challenges and Risks - The company acknowledges potential difficulties and risks in its future development, which are detailed in the report[4]. - The retail industry in China faced challenges in 2018, with a 9.0% growth in total retail sales of consumer goods, a slowdown compared to the previous year[19]. Environmental and Social Responsibility - The company reported a total procurement of 13,105 tons of products from 19 key poverty-stricken counties, amounting to 149.45 million yuan in 2018, effectively aiding local agricultural development[105]. - The company invested 14.945 million yuan in agricultural and forestry industry poverty alleviation projects[107]. - The company provided financial aid of 28,000 yuan to support 9 impoverished students[107]. - The company is committed to continuing its efforts in targeted poverty alleviation by increasing agricultural product procurement and expanding the variety of products sourced[108]. - The company has established an emergency response team for environmental incidents, ensuring preparedness for potential pollution accidents[113]. Corporate Governance - The company has made amendments to its articles of association to enhance corporate governance and protect investor rights[153]. - The company has maintained complete independence from its controlling shareholder in business, personnel, assets, and finance[154]. - The company has not reported any penalties from securities regulatory agencies for directors or senior management in the last three years[148]. Future Outlook - The company plans to continue expanding its market presence and enhancing its operational efficiency in the coming years[175]. - The company provided a future outlook projecting a revenue growth of 12% for the next fiscal year, driven by new product launches and market expansion strategies[140]. - The company plans to enhance its logistics capabilities by expanding the Jiangxia logistics central warehouse and cold chain logistics, addressing future operational needs for the next 5-10 years[64].