Liqun Co.,Ltd.(SH:601366)2024-04-18 13:02Financial Performance - The consolidated operating revenue for the year 2023 was CNY 7,702,850,471.02, reflecting a significant performance indicator for the company[62]. - The net profit for the year 2023 was approximately ¥23.14 million, a significant recovery from a net loss of ¥173.07 million in 2022, indicating a turnaround in financial performance[85]. - Operating profit reached ¥14.01 million, compared to a loss of ¥93.99 million in the previous year, showcasing improved operational efficiency[85]. - Total profit amounted to ¥75.23 million, a substantial increase from a total loss of ¥141.12 million in 2022, reflecting a positive trend in profitability[85]. - Revenue for 2023 was ¥7,702,850,471.02, down from ¥7,860,175,208.11 in 2022, indicating a decrease of about 2.00%[110]. - The company's total comprehensive income for 2023 was ¥4,812,614.12, compared to ¥3,646,458.19 in 2022, an increase of approximately 31.93%[110]. Shareholder Information - The total number of shares decreased by 107,712 due to the repurchase and cancellation of restricted stocks, resulting in a total of 849,625,652 shares[13]. - The first major shareholder and actual controller remains unchanged, with the actual controllers being Xu Gongzao, Zhao Qinxia, and Xu Ruize[17]. - As of the end of the reporting period, the largest shareholder, LQ Group, held 20.14% of the company's shares, while Qingdao LQ Investment Co., Ltd. held 6.79%, totaling 26.93%[49]. - The company declared a total dividend amounting to ¥25,488,769.56, which represents 85.60% of the net profit attributable to ordinary shareholders[122]. - The company plans to distribute a cash dividend of CNY 0.03 per share, totaling approximately CNY 25.49 million based on 849,625,652 shares outstanding[193]. Asset and Liability Management - The company has not made any significant changes to its asset and liability structure during the reporting period[17]. - Total assets decreased from CNY 17,711,420,781.78 in 2022 to CNY 16,597,505,410.36 in 2023, reflecting a decline of approximately 6.3%[78]. - Total liabilities decreased from CNY 13,460,540,203.71 in 2022 to CNY 12,365,107,243.16 in 2023, representing a decline of approximately 8.1%[78]. - Owner's equity remained relatively stable, with a slight decrease from CNY 4,250,880,578.07 in 2022 to CNY 4,232,398,167.20 in 2023[78]. Cash Flow and Investment - Cash flow from operating activities generated ¥1.34 billion, up from ¥574.44 million in 2022, indicating stronger cash generation capabilities[88]. - The net cash flow from investment activities was approximately ¥85.60 million, a recovery from a negative cash flow of ¥15.95 million in the previous year, reflecting improved investment returns[91]. - Cash inflow from financing activities totaled approximately ¥2.56 billion, down from ¥2.85 billion in 2022, indicating a reduction in external financing reliance[91]. - The net cash flow from financing activities was negative at CNY -958,459,114.77, compared to a positive cash flow of CNY 16,709,862.60 in the previous year[137]. Employee and Management Initiatives - The company has implemented an employee stock incentive plan, granting 26,480,342 restricted shares to 96 participants, aimed at enhancing employee motivation and retention[123]. - The company plans to conduct regular management training in 2024, covering communication, time management, leadership, and execution skills, while also facilitating internal exchanges and learning from industry experts[148]. - The company aims to enhance employee engagement and recognition through comprehensive performance evaluations and incentive plans[163]. - The compensation and performance evaluation for senior management are linked to the company's long-term interests, ensuring sustainable growth and fair distribution of rewards[159]. Financial Audits and Compliance - The company’s financial statements were audited and deemed to fairly reflect its financial position as of December 31, 2023[60]. - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[168]. - The company emphasizes the importance of internal control systems and has reported no significant deficiencies in internal controls during the reporting period[160]. Changes in Financial Metrics - Basic earnings per share for 2023 is CNY 0.03, a significant increase of 115.00% compared to -CNY 0.20 in 2022[186]. - The weighted average return on equity for 2023 is 0.55%, improving by 4.55 percentage points from -4.00% in 2022[186]. - The company's retained earnings increased from ¥1,600,144,704.96 in 2022 to ¥1,671,022,245.83 in 2023, an increase of approximately 4.43%[110].