SBS(SZ:002098)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥2,112,445,452.32, a decrease of 6.60% compared to ¥2,261,739,714.39 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥81,595,756.45, down 35.31% from ¥126,131,355.53 in the previous year[23]. - The basic earnings per share for 2022 was ¥0.2279, a decline of 35.31% from ¥0.3523 in 2021[23]. - The total profit for the year was RMB 56.90 million, a decline of 58.55% compared to the previous year[41]. - The net profit attributable to the parent company was RMB 81.60 million, reflecting a decrease of 35.31% year-on-year[41]. - In 2022, the company achieved total revenue of RMB 2.11 billion, a year-on-year decrease of 6.6%[41]. - The company reported a total of 2.11 trillion CNY in cross-border e-commerce import and export volume, with exports amounting to 1.55 trillion CNY, reflecting a year-on-year growth of 11.7%[32]. - The company reported non-recurring losses of 5.51 million CNY in 2022, compared to gains of 4.95 million CNY in 2021[28]. Cash Flow and Assets - The net cash flow from operating activities increased by 143.77% to ¥297,014,242.10 in 2022, compared to ¥121,841,392.22 in 2021[23]. - Total assets at the end of 2022 were ¥1,844,780,512.34, a decrease of 12.75% from ¥2,114,363,257.58 at the end of 2021[23]. - The net assets attributable to shareholders increased by 8.66% to ¥1,025,548,147.89 at the end of 2022, compared to ¥943,793,818.97 at the end of 2021[23]. - The company's cash flow from operating activities showed a significant increase, with Q3 reaching 139.47 million CNY, up from 5.67 million CNY in Q1[27]. - The net increase in cash and cash equivalents grew by 209.30%, driven by the increase in operating cash flow[76]. - Investment cash outflow rose by 23.40% to ¥579,221,147.51, mainly due to increased purchases of financial products[76]. - Financing cash inflow decreased by 41.55% to ¥282,000,000.00, attributed to the company's proactive loan reduction strategy[76]. Business Operations and Strategy - The company plans not to distribute cash dividends or issue bonus shares for the year[5]. - The company has acquired a 65% stake in Shenzhen Jiazhi Chain Cross-border E-commerce Co., Ltd., expanding into the cross-border e-commerce business[22]. - The company has outlined future development plans and strategies in the management discussion section of the report[4]. - The company aims to turn its cross-border e-commerce business profitable in 2023[94]. - The company plans to achieve an 8% increase in revenue from its zipper business in 2023[94]. Market and Industry Challenges - The company faced challenges due to a weak demand environment, with the apparel industry experiencing a 6.5% decline in retail sales in 2022[33]. - The cross-border e-commerce business generated online sales revenue of 392.89 million CNY in 2022, a decline of 24.56% from 520.82 million CNY in 2021[35]. - The cross-border e-commerce market in China reached 15.7 trillion CNY in 2022, growing by 10.56% year-on-year[32]. Research and Development - R&D expenses increased by 7.52% to ¥76,458,707.34, reflecting increased investment in R&D and higher labor and project design costs[59]. - The company has initiated several key R&D projects focused on enhancing product performance and environmental sustainability, including a new dyeing technology to reduce water usage[70]. - The number of R&D personnel increased by 2.74% to 487, with a notable rise in the number of bachelor's degree holders by 22.31%[71]. Governance and Compliance - The company has established a transparent performance evaluation and incentive mechanism for its management team, ensuring compliance with legal standards[104]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with shareholders[105]. - The company has a complete governance structure with a shareholders' meeting, board of directors, and supervisory board, ensuring operational independence[108]. - The company has established a compliance and risk management department led by Zhang Jingcai, ensuring adherence to regulations[115]. Environmental Responsibility - The company has implemented measures to ensure compliance with national and local environmental protection standards[146]. - The company reported a total discharge of 29.29 tons/year for COD and 0.80 tons/year for ammonia nitrogen, both within the prescribed limits[148]. - The company has a wastewater treatment capacity of 1,000 tons per day, ensuring compliance with discharge standards[153]. - The company has implemented a zero-emission policy for SO2 and NOx in its dyeing processes, following the removal of boilers in 2020[153]. Shareholder and Financial Management - The company has a total of 8.95 million shares held by its controlling shareholder, which accounts for 25% of the total share capital, currently under judicial freeze[95]. - The company has not made any adjustments to its cash dividend policy during the reporting period, ensuring compliance with its articles of association and shareholder resolutions[136]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 7.1133 million yuan[120].