Metersbonwe(SZ:002269)2021-04-26 16:00Business Performance - The company reported a significant impact from the COVID-19 pandemic on its main business operations and profitability due to macroeconomic fluctuations[4]. - The company's operating revenue for 2020 was ¥3,819,038,467.81, a decrease of 30.10% compared to ¥5,463,291,976.58 in 2019[22]. - The net profit attributable to shareholders was -¥859,366,961.36 in 2020, representing a decline of 4.11% from -¥825,472,850.54 in 2019[22]. - The total assets at the end of 2020 were ¥5,298,525,219.41, down 16.92% from ¥6,377,798,593.48 at the end of 2019[22]. - The net assets attributable to shareholders decreased by 42.14% to ¥1,180,257,567.74 at the end of 2020, compared to ¥2,039,820,090.89 at the end of 2019[22]. - The company reported a basic and diluted earnings per share of -¥0.34 in 2020, a decrease of 3.03% from -¥0.33 in 2019[22]. - The company experienced a significant decline in its weighted average return on equity, which was -53.37% in 2020 compared to -40.00% in 2019[22]. - The company reported a total revenue of 255 million in 2020, reflecting a significant performance metric for the year[177]. Financial Strategy and Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves for the year[8]. - The company maintained a stable dividend policy with a payout ratio of approximately 70% of the annual distributable profit since its listing[111]. - In 2020, the company reported a net loss of approximately ¥859.37 million, resulting in no cash dividends being distributed for the year[116]. - The company did not distribute cash dividends or issue bonus shares in 2018, 2019, and 2020 due to losses in those years[114][116]. - The company plans to maintain a cash dividend distribution of at least 20% of the annual distributable profit when conditions allow[112]. - The company’s cash dividend policy emphasizes continuity and stability, with a target of cumulative cash dividends over three consecutive years not less than 30% of the average annual distributable profit[112]. Market Position and Competition - The competitive landscape in the leisure apparel industry remains intense, with ongoing pressure from both domestic and international brands potentially affecting pricing and sales volumes[5]. - The company has maintained a strong market position in the domestic leisure apparel retail sector despite the challenges faced[5]. - The company aims to enhance brand competitiveness and adapt to changing consumer preferences through improved design and marketing strategies[36]. Digital Transformation and Innovation - The company is focusing on digital transformation and adapting to rapidly changing fashion preferences among its target demographic, particularly the younger generation[7]. - The company is leveraging digital tools to enhance new retail capabilities and improve customer shopping experiences[53]. - The company is focusing on brand upgrades to resonate with young consumers' cultural and social attributes[51]. - The company is actively pursuing strategies for market expansion, including potential mergers and acquisitions to enhance its market share[182]. Supply Chain and Operational Efficiency - The company is optimizing its supply chain management to enhance responsiveness to market demands and improve efficiency[44]. - The company will focus on a flexible supply chain transformation to better control the supply chain and meet market demands more quickly[105]. - The company has consolidated logistics resources by centralizing operations to the Shanghai logistics center, enhancing product integration capabilities[54]. Employee and Management Structure - The total number of employees in the company is 4,951, with 1,212 in the parent company and 3,739 in major subsidiaries[188]. - The company has established a transparent compensation system based on performance, with a focus on profit-sharing mechanisms[190]. - The company has a management trainee program that selects hundreds of graduates annually from top universities[191]. - The company has appointed new board members with diverse backgrounds to strengthen its leadership team, including Hu Jiajia as the new chairperson and president[178]. Risk Management and Compliance - The company has recognized the importance of risk management and has adopted a cautious financial strategy to enhance asset quality[46]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[123]. - The company has established a mechanism for accountability regarding annual report disclosures, enhancing the quality and transparency of information[196]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 59,778, a decrease from 106,676 in the previous month[161]. - Shanghai Huafu Investment Co., Ltd. holds 50.65% of the shares, totaling 1,272,486,359 shares, with no change in holdings[161]. - The company has not issued any new shares or conducted any share buybacks during the reporting period[160]. Miscellaneous - The company has not engaged in any investor meetings or communications during the reporting period[108]. - There were no major lawsuits or arbitration matters reported during the period[132]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[155].