BHDS(SZ:000882)2023-04-27 16:00Financial Performance - The company reported a total revenue of 2,737,351,947 RMB for the year 2022, with no cash dividends or stock bonuses distributed to shareholders[3]. - The company's operating revenue for 2022 was CNY 1,120,429,288, a decrease of 8.02% compared to CNY 1,218,069,665 in 2021[20]. - The net profit attributable to shareholders was a loss of CNY 189,006,931.64, representing a 6.82% increase in loss from CNY 176,939,412.43 in 2021[20]. - The cash flow from operating activities was CNY 489,962,932.54, down 34.78% from CNY 751,236,270.42 in the previous year[20]. - The total assets at the end of 2022 were CNY 12,373,453,213.74, a decrease of 4.65% from CNY 12,976,923,501.92 at the end of 2021[20]. - The basic earnings per share for 2022 was -CNY 0.0690, a decline of 6.81% from -CNY 0.0646 in 2021[20]. - The company reported a significant increase in non-recurring losses, with a net profit excluding non-recurring items of -CNY 130,664,688.75, a 133.44% increase in loss from -CNY 55,973,305.03 in 2021[20]. Market Conditions - The retail sales of consumer goods in China decreased by 0.2% in 2022, indicating a contraction in domestic consumption[32]. - The online retail sales in China reached CNY 137,853 billion in 2022, growing by 4.0% year-on-year, with physical goods online retail sales increasing by 6.2%[32]. - The company faced challenges in the shopping center industry due to economic pressures, with a focus on stabilizing operations amid fluctuating market conditions[32]. - In 2022, the national movie box office was 30.067 billion yuan, a decrease of 36.4% compared to 2021[34]. - The number of moviegoers in 2022 was 712 million, down by 39.2% year-on-year, with a reduction of 455 million attendees[34]. - The number of new shopping centers opened in 2022 was approximately 366, a year-on-year decline of about 30%[33]. - The total area of new shopping centers decreased by 15.06 million square meters, a decline of 31.47% compared to the previous year[33]. Operational Strategy - The company focuses on community shopping centers, enhancing customer experience and operational efficiency[37]. - The company has a strategic layout centered around Beijing, with expansion into key cities like Chengdu and Hefei[39]. - The company aims to innovate content and improve operational capabilities to adapt to changing consumer demands[37]. - The company anticipates a gradual recovery in consumer demand due to government policies promoting consumption[34]. - The company is actively improving its member operations, aiming to increase the proportion of gold and silver card members and enhance overall member sales contribution[41]. - A total of 19 key renovation projects were initiated to improve the quality and environment of shopping centers, enhancing competitiveness and attractiveness[41]. - The company is committed to strengthening its internal management systems and optimizing operational efficiency through a large-scale operational management model[43]. Financial Management - The company has established a complete financial and operational management system, ensuring independence from its controlling shareholder, Beijing Hualian Group[93]. - The company has independent operations in business, personnel, assets, institutions, and finance, with no interference from Hualian Group[94]. - The total pre-tax remuneration for the board of directors, supervisors, and senior management amounted to 3.52 million CNY[106]. - The company has a structured salary system and performance-based compensation to enhance employee performance and operational management[117]. - The company has established a talent development system that includes various training programs aimed at enhancing core competitiveness[118]. Governance and Compliance - The company has implemented a robust internal control system to mitigate various risks and support sustainable operations[91]. - The board of directors operates independently, with no hierarchical relationship with Hualian Group, ensuring effective governance[94]. - The company has a dedicated supervisory board that independently monitors the actions of directors and senior management[91]. - The company has not reported any significant discrepancies between its governance practices and regulatory requirements[92]. - The management team is responsible for daily operations and reports directly to the board of directors[91]. Related Party Transactions - The company has committed to minimizing and regulating related party transactions, ensuring fair operations based on market principles and fair prices[142]. - The company has established a framework for fair and transparent operations in related party transactions to protect the interests of all shareholders[142]. - The company has not engaged in any asset or equity acquisition or sale related party transactions during the reporting period[162]. - The company confirmed the absence of non-operating related party debt transactions during the reporting period[164]. Social Responsibility and Sustainability - The company has implemented measures to enhance energy management in shopping centers, aligning with the national "dual carbon" strategy to reduce carbon emissions[132]. - The company actively engaged in community service and social responsibility initiatives, including charity auctions and support for vulnerable groups, reinforcing the BHG Mall brand[137]. - The company adopted a low-carbon operational strategy in line with the national "dual carbon" goals, focusing on energy efficiency and reducing carbon emissions in shopping centers[138]. Future Outlook - In 2023, the company expects a positive impact from the recovery of the domestic economy and government policies aimed at boosting consumption[81]. - The company plans to deepen consumer demand research and optimize brand management to enhance customer loyalty and consumption[82]. - The company will continue to improve its operational management system and enhance service capabilities to better support merchants and consumers[83].