ZBJT(SZ:000759)2020-04-28 16:00Financial Performance - The company's operating revenue for 2019 was approximately ¥15.55 billion, representing a 2.23% increase compared to ¥15.21 billion in 2018[17]. - The net profit attributable to shareholders of the listed company was approximately ¥10.20 million, a significant decrease of 97.63% from ¥430.95 million in 2018[17]. - The net cash flow from operating activities increased by 42.91% to approximately ¥845.29 million, up from ¥591.49 million in the previous year[17]. - The total assets at the end of 2019 were approximately ¥9.21 billion, reflecting a 15.07% increase from ¥8.00 billion at the end of 2018[17]. - The basic earnings per share for 2019 dropped to ¥0.01, down 97.63% from ¥0.63 in 2018[17]. - The weighted average return on net assets decreased to 0.30%, down 13.21 percentage points from 13.51% in 2018[17]. - The net profit after deducting non-recurring gains and losses was approximately ¥33.22 million, an increase of 12.76% from ¥29.46 million in 2018[17]. - The company achieved operating revenue of CNY 15.548 billion in 2019, representing a year-on-year growth of 2.23%[27]. - The net profit attributable to the parent company was CNY 10 million, a significant decline of 97.63% compared to the previous year[27]. - The company’s cash flow from operating activities was CNY 434.71 million, showing an increase from CNY 77.80 million in the previous year[22]. Shareholder Returns - The company distributed a cash dividend of ¥0.5 per 10 shares to all shareholders, with no bonus shares issued[5]. - The company's net profit for 2019 was CNY 106,210,359.87, with a distribution of CNY 32,801,474.30 in cash dividends, amounting to CNY 0.5 per 10 shares[99]. - The cash dividend payout ratio for 2019 was 5.85% of the total profit distribution[96]. - The cash dividends for 2019 represented 321.69% of the net profit attributable to the parent company[96]. - The remaining distributable profit for 2019 after dividends was CNY 697,249,813.00, which will be carried forward to the next year[99]. Business Expansion and Strategy - The company plans to repurchase shares at a price not exceeding ¥8.15 per share, aimed at future equity incentives or employee stock ownership plans[5]. - The company plans to continue exploring new retail formats and digital operations to improve customer engagement and operational efficiency[31]. - The company plans to add 105 new commercial outlets, including 5 warehouse stores, 20 supermarkets, and 80 Lawson stores[81]. - The company is expanding its O2O home delivery services and exploring new sales models such as live streaming and community group buying[82]. - The company is actively developing its large customer wholesale business, targeting institutions like universities and hospitals to increase market share[83]. Logistics and Supply Chain - The company’s logistics strategy includes two major distribution centers and a total operational area of nearly 200,000 m², enhancing its supply chain capabilities[32]. - The company is enhancing supply chain optimization and improving product profitability by focusing on direct sourcing and core product coverage[82]. - The company is accelerating the construction of key logistics projects to improve resource utilization efficiency[84]. Market Performance - The company’s market share in Hubei province accounted for 98.04% of total revenue, with revenue from the Chongqing market reaching CNY 30.4 million, up 8.25%[28]. - The total revenue from the top 10 stores in the company reached over 1 billion yuan, with significant contributions from various store formats[42]. - Supermarket segment contributed CNY 14.50 billion, accounting for 93.27% of total revenue, with a growth of 3.12% year-on-year[54]. - The department store segment saw a decline in revenue to CNY 820.89 million, down 19.26% from the previous year[54]. Corporate Governance and Compliance - The company has maintained compliance with its cash dividend policy and has provided opportunities for minority shareholders to express their opinions[93]. - The company has not faced any penalties from securities regulatory agencies for directors, supervisors, and senior management in the past three years[175]. - The company has established a performance evaluation and incentive system for senior management to enhance operational efficiency[196]. - The company has implemented a salary management method to motivate the management team through performance rewards and profit-sharing incentives[196]. Social Responsibility and Environmental Impact - The company has committed to reducing energy consumption and promoting green and environmentally friendly products[125]. - The company has actively fulfilled its social responsibility by providing employment and contributing to tax revenue[125]. - The company purchased 13,720 tons of products from 27 key poverty-stricken counties in 2019, with a total procurement amount of 173.71 million yuan, effectively aiding local agricultural development[127]. - The company provided financial assistance to 36 impoverished students, amounting to 126,800 yuan[129]. Employee Management - The total number of employees in the company is 21,278, with 18,375 in sales roles, 803 in production, and 762 in technical positions[182]. - The company has established a salary management system based on budget control, aiming to align employee income with company development[180]. - The company has a training plan focusing on online learning due to the ongoing COVID-19 pandemic, targeting middle and senior management for skill enhancement[182]. Financial Health and Investments - The company has invested 83,344,000 CNY in modern logistics and distribution projects, with a completion rate of 36.12%[71]. - The company reported a total asset value of 5,296,008,225.44 CNY for its subsidiary Zhongbai Warehouse Supermarket, with a net profit of 116,587,286.92 CNY[77]. - The company has no major litigation or arbitration matters during the reporting period[106]. - The company has no preferred shares or convertible bonds outstanding during the reporting period[159][162].