SYG(SZ:300740)2022-08-12 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,201,418,448.96, representing a 3.89% increase compared to ¥2,119,057,970.91 in the same period last year[31]. - The net profit attributable to shareholders of the listed company decreased by 6.88% to ¥82,816,565.84 from ¥88,938,749.99 in the previous year[31]. - The net cash flow from operating activities was negative at -¥70,776,603.88, a decline of 147.63% compared to ¥148,585,390.65 in the same period last year[31]. - Total assets increased by 22.36% to ¥3,359,252,543.98 from ¥2,745,404,335.50 at the end of the previous year[31]. - The net assets attributable to shareholders of the listed company rose by 6.15% to ¥1,697,710,057.12 from ¥1,599,352,613.84 at the end of the previous year[31]. - Basic earnings per share decreased by 7.12% to ¥0.2151 from ¥0.2316 in the same period last year[31]. - The diluted earnings per share also fell by 7.86% to ¥0.2134 from ¥0.2316 in the previous year[31]. - The weighted average return on net assets was 5.04%, down from 6.31% in the same period last year, a decrease of 1.27%[31]. Strategic Initiatives - The company has established deep cooperation with major e-commerce platforms such as Tmall, Taobao, and JD.com, achieving full coverage of online and offline channels[40]. - The company is committed to leveraging technology for product development and organizational empowerment, aiming for growth above the industry average[46]. - The company has a strict supplier management system to ensure product quality and stable supply[40]. - The company has established a digital beauty platform, enhancing collaboration efficiency with over 10,000 distributors and 30,000 influencers[47]. - The company aims to become one of the top ten beauty companies globally, driven by a dual business strategy of self-owned and agency brands[47]. Research and Development - The company’s R&D expenses increased significantly due to the large-scale launch of new products, impacting overall profitability[46]. - The company has applied for 15 national invention patents and 24 design patents, with 27 patents granted, including 9 invention patents during the reporting period[47]. - Research and development investment increased by 40.40% to ¥43,004,963.71 from ¥30,630,547.39, reflecting the company's commitment to enhancing R&D efforts[64]. Market and Sales Performance - The cosmetics retail total in China for the first half of 2022 was 190.5 billion yuan, a year-on-year decline of 2.5%[42]. - The core consumer group with high average transaction value has shown significant growth, with the company maintaining a top-three position in the facial mask category across major e-commerce platforms[50]. - The BIGDROP brand's acne essence became a top-selling product, with over 1 million bottles sold, and the brand's GMV exceeded 100 million yuan[51]. - Online sales from the self-operated platform reached 146.51 million yuan, accounting for 6.66% of total revenue, a 73.58% increase year-on-year[51]. - Third-party platform sales amounted to 1.86 billion yuan, representing 84.40% of total revenue, with a year-on-year growth of 4.74%[51]. Risk Management - The management has highlighted potential risks and countermeasures in the report, urging investors to remain aware of these risks[5]. - The company faces risks related to supply chain management, particularly in maintaining inventory levels and managing product expiration[102]. - The cosmetics industry is highly competitive, with significant pressure from both domestic and international brands, which may impact market share and profitability[102]. Corporate Governance and Social Responsibility - The company emphasizes consumer rights protection, implementing a "100% consumer issue resolution" project to address customer concerns effectively[58]. - The company has adhered to various environmental protection laws and is not classified as a key pollutant discharge unit[121]. - The company has implemented a fair procurement system to protect the rights of suppliers and ensure a competitive environment[122]. - The company donated materials worth RMB 1 million to support pandemic prevention efforts in Shanghai during the spring of 2022[125]. - The company actively participated in a charity event for left-behind children, fulfilling micro-wishes for 25 children in a primary school[125]. Shareholder Information - The annual shareholder meeting had a participation rate of 48.42%, indicating active investor engagement[110]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[112]. - The total number of shares increased from 411,539,444 to 411,632,895, reflecting an increase of 93,451 shares due to the stock option and restricted stock incentive plan[185]. - Hunan Yujia Investment Management Co., Ltd. is the largest shareholder, holding 23.30% of the shares, equivalent to 95,904,214 shares[196]. - The total number of shares pledged by major shareholders, including the largest shareholder, is 40,230,000 shares[196].