Dividend Distribution - The company plans to distribute a cash dividend of RMB 6.00 per 10 shares, totaling approximately RMB 2.54 billion based on 423,600,000 shares [4]. - The company distributed a cash dividend of RMB 4.50 per 10 shares, totaling RMB 190.62 million, which was implemented by June 30, 2021 [169]. - The total cash dividend amount for the year was RMB 254.16 million, representing 100% of the distributable profit of RMB 1,014.84 million [171]. Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 25% compared to 2020 [10]. - The gross profit margin for the year was 60%, which is an improvement from 55% in the previous year [10]. - The company reported a net profit of RMB 300 million for 2021, which is a 30% increase from the previous year [10]. - The company's operating revenue for 2021 reached ¥4,022,403,431.75, representing a 52.57% increase compared to ¥2,636,488,348.17 in 2020 [15]. - Net profit attributable to shareholders for 2021 was ¥862,922,946.61, a 58.77% increase from ¥543,507,903.96 in 2020 [15]. - The company achieved a revenue of RMB 402,240.34 million, representing a year-on-year increase of approximately 52.57% [33]. - The net profit attributable to shareholders reached RMB 86,292.29 million, up about 58.77% year-on-year [33]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the year, representing a growth of 25% compared to the previous year [144]. Market Expansion and Product Development - The company plans to expand its product line with the introduction of three new skincare products in 2022, targeting a 15% increase in market share [10]. - Market expansion efforts include entering two new provinces in China, aiming for a 20% increase in sales from these regions [10]. - The company is exploring potential acquisitions to enhance its product offerings and distribution channels, with a focus on companies in the beauty and personal care sector [10]. - The company aims to integrate domestic and international talent resources to enhance its R&D in functional cosmetics and health products [78]. - The company plans to continue expanding its product line and improving existing products based on market feedback and technological advancements [78]. - The company has completed a strategic acquisition of a local competitor for 200 million CNY, expected to enhance distribution capabilities [144]. - Market expansion plans include entering three new international markets by the end of the next fiscal year, aiming for a 10% increase in overall market share [149]. Research and Development - The company has allocated RMB 200 million for research and development in new technologies and product formulations in 2022 [10]. - The company holds a total of 80 authorized patents, including 22 invention patents, with 23 new patents granted during the reporting period [28]. - The company is investing 100 million CNY in R&D for new technologies aimed at enhancing product efficacy and sustainability [144]. - The company plans to increase its R&D investment ratio and improve its R&D center's functions, focusing on the safety and efficacy of unique Yunnan plants for skincare [110]. - The number of R&D personnel increased by 126.92% from 104 in 2020 to 236 in 2021, with the proportion of R&D staff rising from 5.46% to 9.92% [80]. Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no false statements or omissions [3]. - The company has a comprehensive governance structure in place, with all board members present for the report's approval [3]. - The company has established a governance structure with a board of directors consisting of 9 members, including 3 independent directors, ensuring compliance with legal regulations [127]. - The company has a clear governance structure that complies with relevant laws and regulations, ensuring no significant discrepancies with regulatory requirements [131]. - The independent directors have effectively fulfilled their duties, contributing to the scientific decision-making of the board and protecting the interests of minority investors [130]. Risk Management - The company emphasizes the importance of understanding investment risks associated with forward-looking statements in the report [3]. - The report includes a detailed analysis of potential risks in the company's future operations [3]. - The company recognizes the risk of intensified competition from international brands leveraging online sales channels, which could impact its revenue growth [115]. - The company faces potential risks from concentrated sales platforms, as a significant portion of its revenue comes from major e-commerce platforms like Tmall and JD [117]. - The company anticipates seasonal fluctuations in sales revenue due to reliance on major promotional events like "618" and "Double 11" [118]. Customer Engagement and Sales Channels - User data indicated that the active customer base grew by 30% year-on-year, reaching 5 million users by the end of 2021 [10]. - The online sales channel accounted for 70% of total sales, highlighting the effectiveness of the e-commerce strategy implemented by the company [10]. - The company's online sales model relies heavily on major B2C platforms, with increasing competition from international brands impacting market share [43]. - The online self-operated retail business revenue was RMB 253,245.80 million, accounting for 63.19% of the main business revenue [35]. - The company has reported a total of approximately 2.9835 million registered users on its self-built platform, with an increase of about 853,200 new users during the reporting period [41]. Internal Controls and Financial Management - The internal control evaluation report indicates that the total assets of the evaluated units accounted for 100% of the company's consolidated financial statement assets [177]. - The internal control evaluation report also states that there were no significant defects identified in internal controls during the reporting period [179]. - The company maintained effective internal controls related to financial reporting as of December 31, 2021 [182]. - The company has established an independent financial department with a compliant financial accounting system, allowing for autonomous financial decision-making [134]. Employee Management and Compensation - The total remuneration paid to the company's directors, supervisors, and senior management in 2021 amounted to RMB 20.69 million [154]. - The company has established a competitive compensation system based on market conditions and performance, ensuring employee motivation [166]. - The company has a training program, including the "Little Wolf Plan" for graduates and the "Apollo Plan" for mid-level managers, to enhance skills and management capabilities [168]. - The remuneration plan for senior management is directly approved by the board of directors [154]. Environmental and Social Responsibility - The report includes a section on environmental and social responsibilities, highlighting the company's commitment to sustainable practices [5]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities, and there were no administrative penalties related to environmental issues during the reporting period [185]. - The company has implemented measures to reduce carbon emissions, with specific details available in the annual social responsibility report [185]. - The company has committed to fulfilling social responsibilities, including poverty alleviation and rural revitalization, with details available in the annual social responsibility report [187].
贝泰妮(300957) - 2021 Q4 - 年度财报