Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 2,743,628, representing a 17.1% increase from RMB 2,343,353 in 2022[2] - Gross profit for the same period was RMB 1,438,161, up 11.5% from RMB 1,289,484 in the previous year[2] - Profit before tax surged to RMB 214,149, a significant increase of 291.3% compared to RMB 54,731 in 2022[2] - Net profit attributable to shareholders reached RMB 115,576, marking a 357.1% rise from RMB 25,283 in the prior year[2] - Total comprehensive income rose by 61.3% from RMB 78.0 million for the year ended December 31, 2022, to RMB 125.8 million for the year ended December 31, 2023[42] - The group's net profit increased by 357.1% from RMB 25.3 million for the year ended December 31, 2022, to RMB 115.6 million for the year ended December 31, 2023, with a net profit margin rising from 1.0% to 4.2%[40] - Basic and diluted earnings per share for 2023 were RMB 0.05, compared to RMB 0.01 in 2022[69] Revenue Sources - Revenue contribution from self-operated stores was RMB 1,466,122, accounting for 53.4% of total revenue, up from 49.3% in 2022[5] - Online channel revenue was RMB 395,972, representing 14.4% of total revenue, down from 17.8% in the previous year[5] - Revenue from customer contracts for 2023 reached RMB 2,743,628 thousand, a 16.9% increase from RMB 2,343,353 thousand in 2022[82] - Revenue from modified atmosphere packaging products was RMB 2,388,291 thousand in 2023, up from RMB 2,027,998 thousand in 2022, reflecting a growth of 17.7%[83] - Revenue from vacuum packaging products increased to RMB 261,636 thousand in 2023, compared to RMB 210,271 thousand in 2022, marking a rise of 24.4%[83] Store Operations - The total number of retail stores increased to 3,816, up from 3,429 in 2022[3] - The company continues to optimize its store network, with 1,720 self-operated stores and 2,096 franchised stores covering 331 cities across 28 provinces, autonomous regions, and municipalities in China[9] - The number of transportation hub stores increased by 141 to a total of 319 stores as of December 31, 2023[16] - The company plans to explore new store formats to improve store efficiency in the evolving consumer environment[26] Cost and Expenses - Cost of sales rose by 23.9% from RMB 1,053.9 million in 2022 to RMB 1,305.5 million in 2023, attributed to higher sales volume and significant increases in raw material prices[31] - Selling and distribution expenses rose by 5.6% from RMB 930.5 million in 2022 to RMB 983.0 million in 2023, reflecting the recovery of offline store operations[35] - Administrative expenses increased by 2.1% from RMB 310.4 million in 2022 to RMB 317.0 million in 2023, due to provisions for credit impairment losses[36] - Employee benefits expenses rose to RMB 555,714 thousand in 2023 from RMB 495,750 thousand in 2022, an increase of 12.1%[90] Cash Flow and Financial Position - Cash and bank deposits decreased from RMB 1,245.2 million as of December 31, 2022, to RMB 1,074.5 million as of December 31, 2023[45] - The group's net asset value as of December 31, 2023, was approximately RMB 3,935.4 million, down from RMB 4,088.3 million as of December 31, 2022[44] - Cash generated from operating activities decreased from RMB 467.6 million for the year ended December 31, 2022, to approximately RMB 361.2 million for the year ended December 31, 2023[54] - The net cash generated from investing activities decreased from RMB 1,044.4 million to approximately RMB 563.2 million, primarily due to the redemption of structured deposits[54] - The net cash used in financing activities decreased from RMB 1,318.3 million to approximately RMB 1,046.5 million, mainly due to dividend payments and the repurchase of convertible bonds[55] Dividends and Shareholder Returns - The company plans to distribute a final dividend of HKD 0.05 per share, totaling approximately RMB 108,073,000, which is about 93.5% of the net profit for the year[7] - The interim dividend per share is HKD 0.12 (equivalent to RMB 0.11), and the final dividend per share is HKD 0.05 (equivalent to RMB 0.05), both compared to zero in the previous year[94] Market and Strategic Focus - The company expects to maintain strategic focus and enhance operational efficiency in the face of ongoing market challenges[26] - The company is focusing on enhancing the management of franchised stores to support their sustainable development[16] - The company aims to strengthen resource integration and enhance market share in community fresh e-commerce channels[18] - The group is advancing the construction of five major production centers nationwide, with the Huaxi factory set to commence production in 2024[25] Investments and Financing - The group plans to utilize internal resources and IPO proceeds for expansion and business operations[43] - The company issued convertible bonds totaling HKD 1,550,000,000 with a conversion price of HKD 10.40 per share, maturing in 2025[119] - As of December 31, 2023, all convertible bonds have been redeemed, with no conversions made since issuance[120] Governance and Compliance - The company has complied with the corporate governance code as of December 31, 2023[129] - The audit committee, consisting of three independent non-executive directors, reviewed the annual performance for the year ending December 31, 2023[131] - The annual performance announcement is published on the Hong Kong Stock Exchange website and the company's website[132]
周黑鸭(01458) - 2023 - 年度业绩