Financial Performance - The group reported a net loss attributable to shareholders of approximately RMB 791 million, an increase in loss of approximately RMB 585 million year-on-year, with a net loss margin of approximately 3.62%, up 2.78 percentage points year-on-year [9]. - The total revenue for the year was RMB 21.836 billion, a decrease of 11.5% compared to RMB 24.681 billion in the previous year [39]. - The total comprehensive loss attributable to the company's shareholders for 2023 was RMB 791,317, compared to RMB 206,527 in 2022, representing an increase of 282.5% [47]. - The company reported a pre-tax loss of RMB 589,389 in 2023, compared to a pre-tax loss of RMB 23,572 in 2022, indicating a significant increase in losses [47]. - The net loss attributable to shareholders was RMB 791 million, an increase of 283.2% compared to RMB 207 million in the previous year [39]. - The operating loss was approximately RMB 228 million, with a loss attributable to shareholders of approximately RMB 791 million, resulting in a basic loss per share of RMB 0.71 [62]. - Basic loss per share for 2023 was RMB 0.71, compared to RMB 0.18 in 2022, indicating a worsening of the company's financial performance [47]. - The company reported a net loss attributable to shareholders for 2023 was RMB 791,317,000, compared to a loss of RMB 206,527,000 in 2022 [145]. Revenue and Segments - The supermarket segment recorded revenue of approximately RMB 10.514 billion, a year-on-year decrease of approximately RMB 177 million, accounting for about 48.2% of the group's total revenue [17]. - The convenience store segment achieved revenue of approximately RMB 1.587 billion, a year-on-year increase of approximately RMB 91 million, representing a growth of about 6.0% [21]. - The total revenue for the year 2023 was RMB 23,255,978 thousand, a decrease of 11.6% from RMB 26,301,850 thousand in 2022 [101]. - Revenue from the hypermarket segment fell to RMB 10,777,339,000 in 2023 from RMB 13,650,205,000 in 2022, a decrease of 21.5% [131]. - The total income from leasing activities amounted to RMB 483,467 thousand in 2023, up from RMB 438,257 thousand in 2022, representing an increase of 10.3% [89]. Store Operations - The total number of stores as of December 31, 2023, was 3,356, with a net increase of 4 stores compared to the end of 2022, and approximately 84.06% of the stores located in the Greater East China region [5]. - The group opened 337 new stores, including 107 direct-operated stores and 230 franchise stores, while closing 333 stores [32]. - The group opened 36 new convenience stores during the reporting period, including 12 directly operated and 24 franchised stores, while closing 104 stores [5]. - The total number of stores reached 3,356, with 337 new stores opened during the review period, including 2 large comprehensive supermarkets and 299 supermarkets [62]. Costs and Expenses - Distribution and selling costs and administrative expenses were approximately RMB 5.069 billion, a decrease of about RMB 435 million or 7.9% year-on-year [62]. - Total employee costs decreased to RMB 2,171,162,000 in 2023 from RMB 2,347,317,000 in 2022, a reduction of 7.5% [120]. - The distribution and sales costs decreased to approximately RMB 4.287 billion, down by about RMB 429 million or 9.1% compared to the previous year [159]. Assets and Liabilities - The company's net current liabilities increased to RMB 8,505,312, up from RMB 6,555,008 in 2022, indicating a rise in financial obligations [52]. - The total assets amounted to RMB 20.989 billion, down from RMB 22.989 billion in the previous year [65]. - The total liabilities were RMB 20.541 billion, compared to RMB 21.742 billion in the previous year [66]. - The company's cash and cash equivalents increased to RMB 1.35 billion in 2023, up from RMB 600 million in 2022, reflecting improved liquidity [151]. Joint Ventures and Other Income - The group reported a share of losses from joint ventures amounting to approximately RMB 361 million, an increase of RMB 250 million year-on-year [27]. - The company's share of losses from joint ventures was RMB (361,398) thousand in 2023, compared to RMB (111,526) thousand in 2022, indicating a substantial increase in losses from joint ventures [89]. - The total revenue from other income and gains was approximately RMB 508 million, reflecting a year-on-year increase of about RMB 37 million or 7.8% [158]. Strategic Initiatives - The group is focusing on community integration and enhancing store capabilities to improve customer attraction and operational efficiency [44]. - The group actively expanded its online sales strategies, achieving double-digit growth through enhanced user experience and product offerings [174]. - The group has initiated comprehensive digital transformation projects, significantly optimizing operational models and improving data accuracy and traceability [179]. - The group plans to focus on high-quality development in 2024, aiming to deepen reform and innovation to drive sustainable business growth [198]. Economic Environment - The overall economic environment in China showed resilience, with GDP growth of 5.2% in 2023, which may positively impact the company's future performance [152]. - The overall retail sales in the offline market decreased by 3.6% year-on-year, reflecting a cautious consumer spending trend [170].
联华超市(00980) - 2023 - 年度业绩