INZONE GROUP(SH:600858)2024-03-27 16:00Financial Performance - In 2023, the company achieved operating revenue of CNY 5,539,114,726.74, representing a year-on-year increase of 2.97% compared to CNY 5,379,469,336.69 in 2022[21]. - The net profit attributable to shareholders of the listed company for 2023 was CNY 216,643,914.26, a significant turnaround from a loss of CNY 10,946,572.17 in 2022, marking an increase of 2079.10%[21]. - The net cash flow from operating activities decreased by 51.35% to CNY 552,173,973.23 in 2023, down from CNY 1,135,025,443.51 in 2022[21]. - The company's total assets at the end of 2023 were CNY 11,078,261,378.76, a decrease of 2.28% from CNY 11,336,726,650.25 at the end of 2022[21]. - The basic earnings per share for 2023 was CNY 0.4166, a significant increase from a loss of CNY 0.0210 per share in 2022, reflecting a growth of 2083.81%[22]. - The net profit after deducting non-recurring gains and losses was CNY 67,627,948.76, compared to a loss of CNY 44,966,663.11 in the previous year, indicating a recovery of 250.40%[21]. - The company achieved operating revenue of CNY 5.539 billion in 2023, completing 97.18% of the initial operating plan of CNY 5.7 billion[30]. - The company reported a significant increase in investment cash flow, with a net inflow of 289.78 million RMB, compared to a net outflow of 367.72 million RMB last year[44]. - The company reported a net profit of -4,562,885.78 yuan for the year 2023, with a distributable profit of -203,399,954.20 yuan, leading to no profit distribution proposal[138]. Operational Developments - The company optimized its asset structure by transferring assets of its subsidiary, resulting in increased net profit for the period[23]. - The weighted average return on equity for 2023 was 8.7016%, a recovery from -0.4603% in 2022[22]. - The company has focused on enhancing its operational capabilities by optimizing product structure and leveraging consumption recovery opportunities[23]. - The company opened 7 new stores and closed 4 stores during the reporting period, resulting in a total of 120 stores as of the report date[30]. - The company replaced nearly 30,000 products in 2023, achieving a dynamic adjustment of the product pool[31]. - The company implemented a new operating responsibility system in 9 pilot stores, linking performance compensation closely to store profits[30]. - The company plans to open 1 new store in Heilongjiang in 2024[30]. - The company has established a comprehensive inventory management system to ensure stable supply and reasonable stock levels[74]. Marketing and Sales - Commercial operating revenue reached CNY 5.535 billion, representing a year-on-year growth of 3.62%[30]. - Online sales increased by 62.53% year-over-year, driven by multi-channel marketing strategies including live streaming and promotional activities[33]. - The company's total retail sales in 2023 reached 471,495 billion yuan, with a year-on-year growth of 7.2%[34]. - The online retail sales of physical goods amounted to 130,174 billion yuan, representing an 8.4% increase and accounting for 27.6% of total retail sales[35]. - The company organized significant marketing events throughout the year, including "Spring Fun Flower Festival" and "Family Day," aimed at enhancing customer engagement and driving sales[80]. - The company implemented innovative marketing strategies, including theater-style promotions and cross-industry alliances, to boost customer traffic and sales performance[81]. Digital Transformation and Technology - The company is focusing on digital transformation, implementing various management tools to enhance operational efficiency and decision-making capabilities[32]. - The company completed the development of the store assistant platform, enhancing operational efficiency and management capabilities[56]. - The company is focusing on digital transformation through the establishment of an integrated data system and real-time data warehouse to improve decision-making capabilities[56]. - Digital transformation initiatives will include automated marketing and a comprehensive digital upgrade of supply chain and operations[96]. Supply Chain and Procurement - The average procurement cost for key fresh product categories decreased by over 5% due to the establishment of a competitive pricing mechanism[31]. - The company aims to strengthen its supply chain by directly collaborating with leading enterprises and exploring overseas sourcing[36]. - The company has implemented a procurement approval mechanism to ensure effective management of distribution products[74]. Employee Management and Governance - The total compensation for the board members and senior management during the reporting period amounted to 423.80 million CNY[109]. - The company has a differentiated remuneration system for senior management, considering internal pay distribution and performance management[118]. - The company has seen changes in its board composition with new appointments and departures in key management roles[119]. - The company conducted over 800 training sessions, covering 35,000 employees, and developed 27 standard courses to enhance employee skills[134]. Environmental and Social Responsibility - The company invested 7.37 million yuan in environmental protection funds during the reporting period[147]. - The company reduced carbon emissions by 1,445 tons through measures such as solar photovoltaic power generation and energy-saving cold chain systems[150]. - The company organized charitable donations amounting to 299,900 yuan as part of its social responsibility initiatives[153]. - The company actively participates in green mall construction, with several stores recognized as green malls in 2023[149]. Future Plans and Strategic Goals - The company's 2024 revenue target is set at 60 billion, emphasizing a focus on quality and efficiency improvements[94]. - The company plans to enhance its product offerings by focusing on self-owned brands and premium products, particularly in fresh food and prepared dishes[95]. - The company plans to continue expanding its market presence and enhancing supplier relationships to optimize product offerings[74]. - The company is committed to optimizing its organizational structure and enhancing internal processes to drive sustainable growth[97]. Related Party Transactions and Financial Management - The total amount of related party transactions for the year 2023 was 241,152.16 thousand yuan, accounting for 27.16% of the estimated total[173]. - The company is planning to acquire 100% equity of Rizhao Yintai Mall Co., Ltd. and 100% equity of Shandong Yintai Electric Appliance Co., Ltd., with the transaction expected to be a related party transaction but not classified as a major asset restructuring[176]. - The company has a long-term credit rating of AA+ with a stable outlook, as assessed by a credit rating agency in August 2023, indicating no significant outstanding debts or court judgments[171].