JIANGSU SAINTY(SH:600287)2024-04-30 05:52Financial Performance - In 2022, the company achieved a total profit of CNY 16,113,653.78 and a net profit of CNY 24,384,847.24, with a proposed cash dividend of CNY 0.90 per 10 shares, totaling CNY 39,683,136.87[6]. - The company's operating revenue for 2022 was CNY 4,095,570,085.66, representing an increase of 8.19% compared to CNY 3,785,484,849.79 in 2021[22]. - The net profit attributable to shareholders was CNY 60,016,798.00, a significant recovery from a loss of CNY 690,813,465.28 in 2021[22]. - The net cash flow from operating activities was CNY 64,642,123.94, a substantial improvement from a negative cash flow of CNY 933,461,530.86 in the previous year[22]. - The basic earnings per share for 2022 was CNY 0.1374, recovering from a loss of CNY 1.5815 per share in 2021[23]. - The total profit for 2022 was 136 million RMB, an increase of 785 million RMB year-on-year[34]. - The net profit attributable to shareholders of the parent company was 60.02 million RMB, an increase of 750.83 million RMB compared to the previous year[34]. - The net profit attributable to ordinary shareholders after deducting non-recurring gains and losses was 65.26 million RMB, an increase of 740.31 million RMB year-on-year[34]. Assets and Liabilities - The company's total assets decreased by 5.12% to CNY 3,854,381,166.12 at the end of 2022, down from CNY 4,062,462,735.01 in 2021[22]. - The company reported a net asset attributable to shareholders of CNY 1,721,037,096.72 at the end of 2022, a decrease of 2.80% from CNY 1,770,692,263.83 in 2021[22]. - The company's accounts receivable increased by 46.76% compared to the previous year, totaling CNY 460,050.68 million, which now accounts for 11.94% of total assets[72]. - Contract liabilities rose by 32.38% year-on-year, reaching CNY 170,715.75 million, which is 4.43% of total liabilities[73]. - The company’s foreign assets amounted to CNY 134,350.32 million, accounting for 3.49% of total assets[74]. Governance and Management - The company has established a comprehensive corporate governance structure that ensures clear responsibilities and effective checks and balances among its board of directors, supervisory board, and management team[112]. - The company has implemented a multi-layered risk control model focused on customer-centric risk assessment and early warning mechanisms to enhance its risk prevention capabilities[112]. - The company has formed an internal control self-inspection team to regularly evaluate the effectiveness of internal controls and ensure compliance with relevant regulations[113]. - The board of directors has established five specialized committees to assist in strategic decision-making, auditing, compensation and assessment, nomination, and risk control[112]. - The company has maintained a stable governance structure that protects the interests of the company and its investors, ensuring democratic and scientific decision-making processes[112]. Risk Management - The company aims to enhance its internal control and risk management systems, integrating compliance, risk control, and internal control into a unified framework[41]. - The company is committed to improving risk management capabilities while balancing development and control[89]. - The company will strengthen risk management mechanisms to ensure risks are visible, controllable, and manageable, promoting healthy and sustainable development[99]. - The company recognizes potential market risks due to international geopolitical tensions and aims to adapt its business strategy accordingly[105]. Strategic Initiatives - The company focused on enhancing its export business, optimizing customer structure, and increasing investment in international markets[35]. - The company is actively exploring new retail business models, leveraging its existing brand foundation to develop online and offline integrated business strategies[38]. - The company plans to focus on high-quality sustainable development in 2023, emphasizing team building and resource allocation[89]. - The company intends to implement a "three stability, three optimization, three driving" development strategy in 2023[90]. - The company encourages exploration of new products and business models, leveraging resource integration to drive business innovation and growth[95]. Human Resources - The company has implemented a talent strategy to build a high-quality professional team, enhancing internal talent selection and training mechanisms[40]. - The company is focusing on talent development to address gaps in skilled management personnel, with plans for a multi-level training system[44]. - The company emphasizes talent development, focusing on the recruitment and training of young talent to support sustainable growth[96]. Compliance and Legal Matters - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[166]. - The company has faced multiple significant lawsuits, with cases involving claims for payment of goods and penalties, which have been suspended pending criminal investigations[177]. - The company has complied with the requirements of the China Securities Regulatory Commission regarding corporate governance self-inspection and has completed the necessary rectifications[155]. Social Responsibility - The company invested a total of 4.59 million RMB in public welfare projects during the reporting period[160]. - The company conducted various consumption assistance projects totaling 9.28 million RMB to support poverty alleviation and rural revitalization[161]. - The company has not established any environmental protection mechanisms and did not invest any funds in environmental protection during the reporting period[158]. - The company has not taken any measures to reduce carbon emissions during the reporting period[159].