SBGCL(SH:600827)2024-04-12 16:00Corporate Governance and Compliance - The integrity status of the company and its controlling shareholders remains good during the reporting period[5]. - There are no significant lawsuits or arbitration matters reported for the year[5]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[10]. - There were no violations regarding guarantees during the reporting period[10]. - The company has not encountered any significant accounting errors that require correction during the reporting period[12]. - The company has maintained transparency in information disclosure, ensuring that reports are truthful, accurate, complete, timely, and fair[185]. - The board of directors consists of members who fulfill their duties diligently and independently, with no conflicts of interest reported[185]. - The company respects the rights of stakeholders, including banks, creditors, employees, customers, and suppliers, promoting sustainable development[185]. - The company has implemented measures to prevent risks and ensure stable operations in response to external market conditions[185]. - The total number of shares held by directors and supervisors at the end of the reporting period was 7,000 shares[189]. Financial Performance - Basic earnings per share for 2023 is CNY 0.22, a decrease of 42.11% compared to CNY 0.38 in 2022[45]. - Diluted earnings per share for 2023 is CNY 0.22, reflecting a 42.11% decline from CNY 0.38 in the previous year[45]. - The weighted average return on net assets for 2023 is 2.26%, down by 1.61 percentage points from 3.87% in 2022[45]. - The net profit attributable to shareholders decreased due to asset sales and securitization activities in the previous year[46]. - The net profit excluding non-recurring gains and losses increased, driven by the overall recovery of the consumption environment in 2023[46]. - The company's operating revenue for the period was approximately ¥30.52 billion, a decrease of 5.47% compared to ¥32.29 billion in the previous year[82]. - The company's operating costs were approximately ¥22.42 billion, down 7.46% from ¥24.23 billion year-on-year[82]. - The net cash flow from operating activities increased by 6.46% to approximately ¥3.62 billion, compared to ¥3.40 billion in the previous year[82]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, with a loss of CNY 82.90 million in Q4 2023[47]. - The company faced a non-recurring loss of CNY 91.08 million due to one-time expenses related to business discontinuation[48]. - The company reported a total investment cost of approximately ¥455.17 million and a year-end book value of ¥2.94 billion[175]. - The net profit of Lianhua Supermarket Co., Ltd. was approximately -¥709.19 million, indicating significant losses in the retail sector[177]. Strategic Initiatives and Market Position - The company intends to engage in third-party payment services, with Bailian Group agreeing to inject Bailian E-commerce Co., Ltd. into the listed company after the completion of the major asset restructuring to avoid competition[4]. - After the major asset restructuring, Bailian Group will grant Lianhua Supermarket an irrevocable right of first refusal for the acquisition of Hualian Jimaisong, ensuring no competition issues arise[4]. - 百联集团 committed to avoiding substantial competition with the company and its subsidiaries after the completion of a major asset restructuring[8]. - The company is focusing on business development and future profit distribution, with no plans for capital reserve conversion into share capital this period[52]. - The company plans to issue public REITs based on the Shanghai Youyi City Shopping Center project, with application materials submitted to regulatory authorities in January 2024[93]. - The company is actively pursuing public REITs initiatives to enhance the efficiency of state-owned capital[76]. - The company aims to enhance its operational efficiency by focusing on brand, digital, and professional development strategies[100]. - The company plans to continue expanding its market presence through strategic investments and acquisitions in the retail sector[150]. - The company is committed to exploring green operations and circular economy initiatives to promote harmonious coexistence of economy, society, and environment[179]. Community Engagement and Social Responsibility - Total social responsibility investment amounted to CNY 20.63 million, with CNY 18.30 million in cash donations[22]. - The company invested CNY 46 million in poverty alleviation and rural revitalization projects, including CNY 10 million in direct donations[23]. - The company achieved total sales of CNY 85.602 million from agricultural product assistance in 2023[23]. - The company is focusing on building a "15-minute convenient living circle" model, enhancing community engagement and customer experience[76]. - The rise of community economies is expected to enhance convenience and immediacy in consumer needs, with rapid growth in community group buying and fresh e-commerce[179]. Operational Developments - The company launched 7 brand new products at the China International Import Expo, showcasing its commitment to innovation and market expansion[76]. - The company has established 131 JBP brand partnerships, focusing on high-quality international brands and enhancing its supply chain[76]. - The company reported a significant increase in sales in the outlet segment, with revenue reaching approximately ¥1.37 billion, a 41.50% increase year-on-year[83]. - The company is adjusting its store operations in response to market changes and lease expirations[165]. - The company opened several new stores in 2023, including the Wu Liangcai store in Baoshan with an area of 44.59 square meters and the Maochang store in Pudong with an area of 141.63 square meters[120]. - The company has expanded its retail presence with new stores in various locations, including the Hongqiao area and Yangpu, with areas ranging from 72 to 103 square meters[121][122]. Audit and Financial Management - The internal control audit firm is Lixin Certified Public Accountants, with an audit fee of CNY 70,000[22]. - The company has appointed Lixin Certified Public Accountants for financial and internal control audits for the 2023 fiscal year[22]. - The company approved the capital increase proposal for Bailian Group Financial Co., Ltd. during the 9th Board of Directors' 17th meeting on March 20, 2023[197]. - The company reviewed the 2022 annual work summary and the 2023 annual work plan during the 9th Board of Directors' 18th meeting on April 17, 2023[197]. - The company approved the Q1 2023 report during the 9th Board of Directors' 19th meeting on April 27, 2023[197]. - The company approved the proposal for the 2022 annual shareholders' meeting during the 9th Board of Directors' 20th meeting on May 31, 2023[197]. - The company approved the appointment of the Chief Financial Officer and Board Secretary during the 9th Board of Directors' 21st meeting on June 9, 2023[197]. - The company approved the proposal for public REITs project application during the 9th Board of Directors' 22nd meeting on July 12, 2023[197]. - The company approved the acquisition of 81% equity in Shanghai Bailian Fashion Brand Management Co., Ltd. during the 9th Board of Directors' 23rd meeting on August 14, 2023[197]. - The company reviewed the 2023 mid-year work summary and the second half of 2023 work plan during the 9th Board of Directors' 24th meeting on August 29, 2023[197].