ZBJT(SZ:000759)2022-03-25 16:00Financial Performance - The company's operating revenue for 2021 was ¥12,330,553,660.77, a decrease of 6.08% compared to ¥13,128,786,002.31 in 2020[23] - The net profit attributable to shareholders of the listed company was a loss of ¥22,482,683.39, representing a decline of 152.13% from a profit of ¥43,131,874.12 in 2020[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥104,104,447.23, down 313.22% from a profit of ¥48,824,651.93 in 2020[23] - The net cash flow from operating activities increased by 7.88% to ¥936,710,506.54 from ¥868,272,374.14 in 2020[23] - Total assets at the end of 2021 were ¥12,461,313,707.81, an increase of 30.39% from ¥9,557,286,957.60 at the end of 2020[23] - The net assets attributable to shareholders of the listed company decreased by 4.43% to ¥3,073,799,250.44 from ¥3,216,226,808.34 at the end of 2020[23] - The basic earnings per share for 2021 was -¥0.03, a decrease of 142.86% from ¥0.07 in 2020[23] - The diluted earnings per share for 2021 was also -¥0.03, reflecting the same decline as the basic earnings per share[23] Revenue Breakdown - The company achieved total revenue of CNY 12.331 billion, a year-on-year decrease of 6.08%[36] - The revenue from supermarkets was CNY 11.88 billion, representing 96.31% of total revenue, with a year-on-year decline of 7.88%[53] - The revenue from the Hubei region was CNY 11.91 billion, accounting for 96.57% of total revenue, with a decrease of 6.63% compared to the previous year[55] - The revenue from the Hunan region increased significantly by 148.40% to CNY 213.69 million, attributed to the accelerated commercial layout in the region[56] Operational Developments - The company opened 242 new commercial outlets, bringing the total to 1,539, a net increase of 112 outlets compared to the end of 2020[36] - The company opened 53 new supermarkets and 7 new warehouse stores during the reporting period, while closing 74 supermarkets[44] - The company operates a total of 1,539 retail outlets, including 198 warehouse stores, 682 supermarkets, and 633 convenience stores, with a total operating area of approximately 1.8 million square meters[39] Product and Sales Performance - The company introduced 5,578 new products in the warehouse format, achieving a product update rate of 32.81%[37] - The company’s community supermarket format introduced 1,861 new products, with a product update rate of 22.22%[37] - Online sales increased by 77.43% year-on-year, accounting for 9.75% of total sales[38] - The company’s online platform sales increased by 131% in the newly developed four online platforms[38] Cost and Expenses - The logistics and warehousing expenses totaled CNY 173.26 million, with warehousing costs at CNY 90.91 million and logistics transportation costs at CNY 82.35 million[47] - The gross profit margin for supermarkets was 24.07%, showing an increase of 1.38% year-on-year[54] - The company’s self-owned logistics expenses accounted for 29.82% of total logistics costs, while outsourced logistics accounted for 70.18%[47] Cash Flow and Investments - Operating cash inflow totaled approximately ¥14.02 billion, down 9.49% from ¥15.49 billion in 2020[69] - Investment cash inflow plummeted by 99.76% to ¥25.00 million, while cash outflow decreased by 95.51% to ¥485.62 million[69] - The total investment during the reporting period was ¥346,286,997.22, a decrease of 3.95% from ¥360,543,866.61 in the previous year[77] Strategic Initiatives - The company plans to enhance its online business and deepen partnerships with third-party platforms to improve the online shopping experience[91] - The company is focusing on optimizing its organizational structure and improving management efficiency to adapt to market changes[90] - The company aims to achieve dual growth in revenue and profit as part of its "14th Five-Year" development strategy[87] Governance and Management - The company held 4 shareholder meetings during the reporting period, approving 26 proposals including the 2020 Board of Directors Work Report[97] - The Board of Directors consists of 11 members, including 4 independent directors and 1 employee director, and held 11 meetings, passing 62 proposals[98] - The company emphasizes investor relations management, utilizing multiple channels to communicate with investors and ensure timely information disclosure[103] Environmental and Social Responsibility - The company has implemented a distributed solar photovoltaic power generation system, producing approximately 5 million kWh annually, thereby reducing carbon emissions[158] - The company has established 51 poverty alleviation special counters, generating sales of 74.41 million yuan for products from Wuhan's poverty alleviation directory[160] - The company actively engages in social welfare and environmental protection, balancing the interests of stakeholders while maximizing shareholder value[104] Risks and Challenges - The company has indicated potential risks in its future outlook and operational plans, which investors should be aware of[5] - The company is facing risks from macroeconomic fluctuations, which could suppress consumer confidence and demand in the retail sector[93] - The company is also contending with rising operational costs due to high rental and labor expenses, compounded by pandemic-related expenditures[93]