EA(SZ:002183)2021-04-12 16:00Revenue and Profit Performance - In 2020, the company achieved a revenue of over 30 billion CNY in the consumer sector, ranking among the top in the national market[10]. - The daily chemical products segment generated a revenue of 7 billion CNY, with leading brands including L'Oréal, Procter & Gamble, and Yunnan Baiyao[10]. - The mother and baby products segment reported a revenue of 6.5 billion CNY, featuring top products from Meisu, Feihe, and Mead Johnson[10]. - The food and beverage segment reached a revenue of 5 billion CNY, with major brands like Yihai Kerry, Mengniu, and Yili[10]. - The liquor segment achieved a revenue of 4.5 billion CNY, with top brands including Moutai, Diaoyutai, and Guotai[10]. - The small home appliances segment generated a revenue of 8 billion CNY, with leading brands such as Philips, Midea, and Supor[10]. - The company's operating revenue for 2020 was ¥68,120,326,033, a decrease of 5.17% compared to ¥71,833,668,500 in 2019[38]. - The net profit attributable to shareholders for 2020 was ¥123,440,187, representing a 36.94% increase from ¥90,141,722 in 2019[38]. - The net cash flow from operating activities was ¥2,097,739,784, down 19.75% from ¥2,613,956,558 in the previous year[38]. - Basic earnings per share for 2020 were ¥0.06, a 50% increase from ¥0.04 in 2019[38]. - The total assets at the end of 2020 were ¥42,328,425,595, a slight increase of 1.02% from ¥41,901,282,105 at the end of 2019[41]. - The weighted average return on net assets was 2.07% at the end of 2020, up from 1.53% at the end of 2019[41]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥118,318,749, an improvement from -¥159,493,734 in 2019[38]. - Total revenue for the fourth quarter reached CNY 24.56 billion, marking a significant increase compared to previous quarters[44]. - Net profit attributable to shareholders for the fourth quarter was CNY 42.14 million, showing a recovery from earlier losses[44]. - The net cash flow from operating activities in the fourth quarter was CNY 1.09 billion, indicating strong cash generation capabilities[44]. - Non-recurring losses for the year totaled CNY 241.76 million, slightly down from CNY 249.64 million in the previous year[49]. Strategic Initiatives and Future Plans - The company plans to deepen cooperation with several liquor companies in Guizhou Moutai Town to establish a joint brand operation company in 2021[11]. - The company has laid out a strategy focusing on the livelihood industry, integrating supply chain services to strengthen local industries[14]. - The company aims to build a robust platform ecosystem to adapt to changing market demands and technological advancements[5]. - The company is focusing on brand operation and management, particularly in the high-end liquor sector, to enhance brand value[56]. - The company is investing in new projects, including the construction of its headquarters in Qianhai, with an increase in construction in progress by CNY 117 million[59]. - The company plans to expand its market presence through strategic acquisitions and new product developments in the supply chain management sector[106]. - The company aims to build a large consumer ecosystem platform, leveraging data to drive C2M brand innovation[124]. - The company plans to continue deepening its focus on the consumer sector and building a smart supply chain platform, aiming for a unified system across all operational modules within 2-3 years[127]. - The company will enhance its own brand operations, replicating successful models from the liquor industry to other categories such as daily chemicals and home appliances[127]. Subsidiary Performance - Shenzhen Yiatong Supply Chain Co., Ltd. reported a net profit of RMB 8,051,993 from its subsidiary Shenzhen Yushang Microloan Co., Ltd., contributing over 10% to the company's net profit[104]. - Shanghai Yiatong Supply Chain Co., Ltd. generated operating revenue of RMB 2,750,978,835 with a net profit of RMB 45,031,294, indicating strong performance in logistics and supply chain management[104]. - The subsidiary Shenzhen Yiatong Deep Supply Chain Management Co., Ltd. achieved operating revenue of RMB 1,214,088,641 and a net profit of RMB 7,578,778, reflecting its success in liquor wholesale and supply chain management[104]. - The subsidiary Guangxi Yiatong Daze Deep Supply Chain Management Co., Ltd. reported an operating revenue of RMB 1,704,265,007 and a net profit of RMB 9,510,859, showcasing its effective supply chain consulting services[107]. - Shenzhen Qianhai Xintong Construction Supply Chain Co., Ltd. generated operating revenue of RMB 572,580,377 with a net profit of RMB 15,266,115, contributing positively to the overall performance[107]. - The total revenue for Shenzhen Yiatong Supply Chain Co., Ltd. was RMB 1,528,186,212, with a year-on-year increase of 661,340,441[116]. - The company reported a net profit of RMB 94,982,019, reflecting a significant improvement compared to the previous period[116]. - The subsidiary Guizhou Yiatong Deep Supply Chain Management Co., Ltd. generated revenue of RMB 268,394,528, with a profit of RMB 97,217,989[116]. - The revenue from the subsidiary Zhejiang Baicheng Group Co., Ltd. reached RMB 1,371,700,575, with a profit of RMB 94,724,917[116]. - The subsidiary Beijing Zhuoyou Yunzhi Technology Co., Ltd. reported revenue of RMB 243,057,495, with a profit of RMB 9,407,123[116]. Financial Management and Risks - The company faces market competition risks due to the increasing number of players in the supply chain management sector, including traditional logistics and new entrants[130]. - Financial risks include high asset-liability ratios due to significant funding needs and potential impacts from macroeconomic conditions[131]. - The company is exposed to foreign exchange risks due to its involvement in foreign currency settlements and plans to mitigate this through forward foreign exchange contracts[132]. - The company has committed to avoiding competition with its controlling shareholder and related parties, ensuring no direct or indirect competition in business operations[145]. - The company has a long-term commitment to maintain independence in personnel, assets, finance, and operations from its controlling shareholder[150]. - The company has not experienced any major related party transactions during the reporting period[188]. Accounting and Compliance - The company has no discrepancies between financial reports prepared under international accounting standards and those under Chinese accounting standards[42]. - The company did not implement any stock incentive plans or employee shareholding plans during the reporting period[175]. - The company has not made any changes to accounting policies or estimates compared to the previous year's financial report[163]. - The company engaged Da Hua Accounting Firm for auditing services, with a fee of ¥4,500,000, and has maintained this auditor for 10 consecutive years[170]. - The company reported related party transactions amounting to ¥118,633,630 with Guangxi Dongrong Supply Chain Co., Ltd., which is a joint venture[178]. - The company has a total of 192.2535 million approved external guarantees, with actual guarantees during the reporting period amounting to 36.117 million[198]. - The company has not engaged in any significant asset or equity acquisition or sale transactions during the reporting period[185]. - The company has a minimum cash dividend ratio of 20% in profit distribution when significant capital expenditures are planned[144]. - The company has committed to fair pricing in related transactions and will disclose such transactions in a timely manner[148]. - The company implemented the new revenue recognition standard starting January 1, 2020, resulting in a decrease in revenue by ¥4,524,161,642 compared to the previous standard, with reported revenue of ¥68,256,101,533[166].