跨境通(002640) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was ¥6,616,411,850.21, a decrease of 8.80% compared to ¥7,254,492,919.90 in 2022[21]. - The net profit attributable to shareholders of the listed company was ¥17,842,262.50, reflecting a significant decline of 153.98% from ¥673,483,128.00 in 2021[21]. - The net cash flow from operating activities was ¥120,627,350.99, down 16.41% from ¥274,735,948.00 in 2021[21]. - The basic earnings per share decreased to -0.0062 from 0.0115 in 2022, marking a decline of 153.91%[21]. - Total assets at the end of 2023 were ¥3,742,087,769.00, a decrease of 6.19% from ¥3,989,135,880.00 at the end of 2022[21]. - The company reported a significant increase in non-operating income, totaling ¥75,589,233.59 in 2023 compared to ¥87,636,511.76 in 2022[28]. - The company's total operating revenue for the reporting period was 661,641.19 million yuan, a decrease of 8.80% compared to the previous year[61]. - Revenue from maternal and infant products reached 610,179.76 million yuan, accounting for 92.22% of total revenue, with a year-on-year decline of 8.85%[49]. - Revenue from apparel and home products was 50,990.14 million yuan, representing 7.71% of total revenue, down 7.68% year-on-year[49]. - The e-commerce sector generated revenue of ¥6,482,664,051.96, with a year-on-year decrease of 10.96%[62]. - Domestic revenue was ¥3,238,713,367.74, reflecting a significant decline of 21.60% compared to the previous year[62]. - The international revenue increased by 13.45% to ¥3,377,698,482.47, indicating a positive trend in foreign markets[62]. Business Operations - The main business has shifted from pants sales to cross-border e-commerce[19]. - The company has undergone a change in controlling shareholder, with the current status being no controlling shareholder since April 30, 2021[19]. - The company is facing challenges in the global cross-border e-commerce industry, with growth slowing due to macroeconomic factors and increased competition[31]. - Emerging markets, particularly in Southeast Asia and Latin America, are showing strong growth potential, with the Philippines and Argentina leading in e-commerce sales growth[31]. - The company's total operating revenue for the reporting period was 661,641.19 million yuan, with cross-border import business contributing 610,020.32 million yuan (92.20%) and cross-border export business contributing 46,116.52 million yuan (6.97%)[36]. - The cross-border import business saw a revenue decline of 9.04% compared to 2022, while the cross-border export business declined by 6.08%[40][41]. - The self-operated website (including mobile) generated revenue of 15,958.43 million yuan, down 40.42% year-on-year, while third-party platforms increased revenue by 35.14% to 30,158.09 million yuan[41]. - The company established 14 domestic warehouses with a total area of approximately 31,900 square meters, and logistics expenses accounted for 0.53% of operating revenue[44]. - The company operates 402 physical stores under the "Baiyuan Pants" brand, generating revenue of 4,969.79 million yuan, which is 0.75% of total revenue[47]. - The overall market size for cross-border e-commerce in 2023 is expected to reach 17.48 trillion yuan[33]. Shareholder and Governance - The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital[5]. - The company held one annual general meeting and one extraordinary general meeting during the reporting period, ensuring compliance with legal requirements and protecting the rights of all shareholders, particularly minority shareholders[101]. - The company maintained independence from its largest shareholder in terms of business, personnel, assets, and finance, with no competition or resource occupation issues reported[106]. - The company’s financial department operates independently, with a complete financial accounting system and independent bank accounts, ensuring no fund occupation by shareholders[107]. - The company reported a total of 214.5 million shares held by executives, with a net increase of 78.8 million shares during the reporting period[111]. - The company’s independent director, Wang Lizhu, held 78.8 million shares, with no changes reported[111]. - The company’s independent director, Yang Bo, also held shares with no reported changes[111]. - The overall shareholding structure indicates a strong alignment of interests between management and shareholders[111]. - The company continues to focus on maintaining a robust governance structure with experienced board members[111]. - The company faced public reprimands from the Shenzhen Stock Exchange for failing to implement a buyback within the specified period, affecting the chairman and other executives[118]. Legal and Compliance Issues - The company is facing potential bankruptcy restructuring as creditors have applied for reorganization due to inability to repay debts and lack of repayment capacity, with uncertain outcomes regarding court acceptance[164]. - The company is involved in multiple lawsuits with varying amounts, indicating ongoing legal challenges that may impact financial stability[166][167]. - The company has confirmed a liability of approximately 21 million CNY due to Shenzhen Universal's failure to fulfill repayment obligations[172]. - The company has not engaged in any significant related party transactions during the reporting period[173]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[174]. - The company has not reported any rental situations during the reporting period[182]. - The company reported no entrusted financial management during the reporting period[188]. - The company did not have any other significant contracts during the reporting period[190]. Internal Control and Risk Management - The company has implemented a comprehensive internal control system in accordance with relevant laws and regulations, continuously improving and optimizing key business processes[140]. - The internal control evaluation report indicates that the total assets of the evaluated units account for 100.00% of the company's consolidated financial statements[144]. - The internal control audit report issued a standard unqualified opinion, confirming effective internal controls as of December 31, 2023[146]. - The company emphasizes employee rights protection, adhering to national labor and social security regulations, and providing career development opportunities[149]. - The company actively engages with suppliers and customers, fostering strategic partnerships based on mutual benefit and respect for legal rights[150]. Future Strategies - The company aims to strengthen long-term partnerships with core brand merchants to maintain market share and optimize product categories[57]. - The company plans to enhance financial stability and cash flow management through various measures, including inventory and cash flow optimization[87]. - The company aims to improve operational efficiency by redesigning its operational processes and implementing standardized practices[93]. - The company will explore new business growth opportunities in cross-border e-commerce, leveraging competitive pricing and favorable policies[88]. - The company plans to focus on steady development and enhance its overall risk resistance capabilities in the upcoming year[91].