Business Expansion and Development - As of December 31, 2022, the company has successfully opened 30 stores in China, covering a total construction area of approximately 2,503,623 square meters and a total counter area of about 1,178,623 square meters[3]. - The company has established 15 lifestyle centers with a total construction area of approximately 1,971,090 square meters, accounting for about 45.7% of the total counter area[4]. - The company aims to expand its presence in first and second-tier cities and develop potential third-tier cities, focusing on sustainable and green development strategies[3]. - The company plans to open an additional 60 7-Eleven stores in 2023, aiming to exceed 180 stores and enter the Xuzhou market[26]. - The company plans to open 34 retail stores with a total construction area of 3.3 million square meters, including new projects in Nantong, Changzhou, and others[30]. - The Kunshan All-Life Center Phase II, with a construction area of 78,000 square meters, is set to open in the second half of 2023[32]. Financial Performance - In 2022, the company's retail business revenue was RMB 14,951.1 million, a decrease of 13.0% compared to 2021[14]. - The company's profit attributable to owners was RMB 748.5 million in 2022, down 53.6% from RMB 1,614.0 million in 2021[14]. - Same-store sales declined by 14.3% in 2022, compared to an increase of 6.1% in 2021[14]. - The company reported a basic earnings per share of RMB 0.451 in 2022, down 53.6% from RMB 0.972 in 2021[17]. - The company experienced a retail business EBITDA of RMB 2,475.0 million in 2022, a decline of 7.6% from RMB 2,677.7 million in 2021[14]. - In 2022, total sales revenue reached RMB 14.95 billion, with a year-on-year decline of 13.5%[22]. - The total operating income decreased to RMB 6,094.8 million, down 5.8% from RMB 6,468.5 million in 2021[47]. - The net profit for the year decreased by RMB 849.4 million or 52.7% to RMB 762.9 million, with a net profit margin of 5.7% compared to 10.5% in 2021[65]. Customer Engagement and VIP Programs - The "Jin Ying Life" mobile application has surpassed 21.16 million downloads, with over 98% of the 3.21 million VIP customers linking their VIP membership cards to the app[7]. - VIP customer spending accounted for 66.4% of the company's total sales revenue, an increase of 2.0% compared to the end of 2021[7]. - The company is focused on upgrading its smart retail services to provide innovative, experiential, and comprehensive services for VIP customers[7]. - The company emphasized a customer-centric approach, focusing on deep interactions with consumers and business partners to enhance product, environment, and service capabilities[22]. Sustainability and Environmental Initiatives - The company aims to implement low-carbon energy-saving technologies in all new projects to support China's carbon neutrality goals by 2060[30]. - The company is committed to integrating ESG strategies into daily operations and decision-making processes[132]. - The company has established effective communication channels with stakeholders to understand their expectations and concerns regarding corporate social responsibility[131]. - The company achieved a reduction of approximately 8 million kWh in electricity consumption, accounting for 2.11% of total electricity usage in 2022[135]. - The company has begun a digital transformation of energy management systems in its Nanjing store, predicting a potential reduction in energy consumption of 0.5% to 1.0% annually[147]. - The company has implemented energy-saving measures that resulted in a reduction of 4.5 million kWh annually, accounting for 1.19% of the company's total electricity consumption in 2022[147]. - The company has committed to using energy-efficient and environmentally friendly products in its procurement processes since 2021[144]. Corporate Governance - The company complies with the listing rules regarding the appointment of independent non-executive directors[86]. - The board consists of five directors, all male, with ages ranging from 50 to 79 years[90]. - The company has adopted a board diversity policy, ensuring at least one director of a different gender by December 31, 2024[92]. - The company has established a shareholder communication policy to ensure equal access to information for all shareholders and potential investors[118]. - The company aims to ensure timely disclosure of financial information to stakeholders, publishing annual and interim results within three and two months after the respective periods[100]. Employee Management and Development - The company employs 2,115 staff members, enhancing their capabilities through professional training and overseas visits[8]. - The total number of employees as of December 31, 2022, was 2,115, down from 2,590 in 2021, with total compensation for 2022 amounting to RMB 326.2 million, a decrease from RMB 381.0 million in 2021[71]. - The company actively engages in employee development, having recruited multiple management trainees in 2022 to foster talent growth[187]. - The training participation rate for employees was 96.1%, with a total of 37,701 training hours, resulting in an average of 18.4 hours per employee[190]. - The company has implemented comprehensive employee insurance plans, including work injury insurance and annual health checks[184]. Marketing and Sales Strategies - The company organized various marketing activities linked to the Winter Olympics and local consumption festivals, resulting in significant sales boosts, including RMB 190 million during the Nanjing International Consumption Festival[25]. - The company introduced new brands and upgraded existing stores, including the introduction of HOKA and K SWISS in Jiangsu, enhancing the quality consumption experience for target customers[23]. Financial Management - The company's total liabilities were RMB 16,268.6 million, showing a slight decrease of 0.3% compared to the previous year[17]. - The company's non-current assets totaled RMB 13,480.2 million as of December 31, 2022, a decrease of 3.1% from the previous year[17]. - The group recorded a net foreign exchange loss of RMB 567.1 million for the year ended December 31, 2022, compared to a net foreign exchange gain of RMB 144.7 million in 2021[70].
金鹰商贸集团(03308) - 2022 - 年度财报