SYG(SZ:300740)2023-04-27 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2022, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[17]. - The company's operating revenue for 2022 was ¥4,722,386,308.54, a decrease of 5.74% compared to ¥5,010,121,537.14 in 2021[22]. - Net profit attributable to shareholders decreased by 47.22% to ¥124,785,487.03 in 2022 from ¥236,419,923.76 in 2021[22]. - The cash flow from operating activities showed a significant decline of 91.12%, amounting to ¥17,700,252.28 in 2022 compared to ¥199,344,969.03 in 2021[22]. - Basic earnings per share dropped by 48.39% to ¥0.32 in 2022 from ¥0.62 in 2021[22]. - The company reported a net profit margin of 20.23% from its derivative investments, with a total fair value change of 1,801.77 million CNY during the reporting period[88]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2022, representing a growth of 20% year-over-year[171]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[17]. - Future guidance estimates a revenue growth of 12% to 18% for 2023, driven by new product offerings and market expansion efforts[17]. - The company is actively expanding its market presence by incubating advantageous brands across different segments and categories, achieving nearly 500% growth in the Chinese market for the LORD & BERRY brand[49]. - Market expansion plans include entering three new international markets, which are projected to increase user base by 30%[171]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million earmarked for potential mergers and acquisitions[171]. Research and Development - The company has invested RMB 50 million in R&D for new technologies aimed at enhancing product quality[17]. - R&D expenses increased by 35% during the reporting period, with 44 invention patents and 55 design patents applied for, and 20 invention patents granted[42]. - The company aims to enhance competitiveness through increased R&D investment and talent acquisition, contributing to revenue and profit growth[68]. - The company is investing heavily in R&D, with a budget of 200 million allocated for new technology development in 2023[171]. - The company has established a research and development team of over 300 people, collaborating with renowned institutions to innovate in skincare products and maintain a strong R&D capability[39]. Product Development and Launches - New product launches are expected to contribute an additional RMB 300 million in revenue in 2023[17]. - The self-owned brand "Yunifang" underwent a comprehensive upgrade, introducing a new product system targeting five major skin issues for Eastern women[46]. - The new brand "Dai Shui Di" achieved over 2 million sales of its acne essence, with an annual growth rate exceeding 1400%[47]. - The company launched new products, including the B5 Repair Milk, which achieved breakthrough sales, and the LUMENE polar cream, which became a phenomenon in the Nordic moisturizing cream market[49]. User Growth and Engagement - User data showed a growth in active users by 25%, reaching 5 million by the end of 2022[17]. - The company reported a significant increase in user data, indicating a growing customer base and market demand[121]. - The company has implemented new strategies to enhance customer engagement, resulting in a 10% increase in customer retention rates[171]. Corporate Governance and Compliance - The company has established a governance structure that complies with the requirements of the Company Law and the Shenzhen Stock Exchange regulations, ensuring independent operation from its controlling shareholder[112]. - The board of directors consists of 7 members, including 3 independent directors, meeting legal and regulatory requirements[113]. - The company emphasizes information disclosure, ensuring timely and accurate communication with investors, and has designated specific channels for investor relations[114]. - The company has established a dedicated investor relations department to facilitate communication and address investor concerns[114]. Financial Management and Risk - The company has identified potential risks in supply chain disruptions and is implementing strategies to mitigate these risks[3]. - The company has committed to timely and full payment of employee social insurance, including pension and medical insurance, and will bear responsibility for any penalties due to policy violations[172]. - The company has established a management system for foreign exchange hedging to ensure compliance and risk management[88]. - The company has implemented foreign exchange hedging to mitigate exchange rate risks and financial costs[89]. Shareholder and Employee Relations - The company plans to distribute a cash dividend of RMB 1 per 10 shares, based on a total share capital of 389,383,616 shares[3]. - The total remuneration paid to the board of directors, supervisors, and senior management in 2022 amounted to 7.3626 million yuan[129]. - The company has a diversified compensation incentive system, including cash income, risk returns, promotion opportunities, rapid growth, and joint entrepreneurship opportunities[142]. - The company conducts regular employee representative meetings to safeguard employee rights and interests[166]. Environmental and Social Responsibility - The company actively fulfills its corporate social responsibility, engaging in environmental protection and community support initiatives[163]. - The company does not belong to the category of key pollutant discharge units as defined by environmental protection authorities[162]. - The company adheres to labor laws and has established a comprehensive employee training system to enhance employee skills and welfare[166].