Financial Performance - Revenue for the year ended December 31, 2021, was RMB 330,910,000, representing a 19.3% increase from RMB 277,261,000 in 2020[14] - Gross profit increased by 26.7% to RMB 199,790,000 from RMB 157,627,000 in the previous year[14] - Profit attributable to owners of the company rose by 36.2% to RMB 107,663,000 compared to RMB 79,060,000 in 2020[14] - Basic earnings per share increased by 36.2% to RMB 43.29 from RMB 31.79 in the prior year[14] - Annual profit for the year was approximately RMB 108,348,000, an increase of 33.7% from RMB 81,008,000 in 2020[142] - The company's attributable profit for the year was approximately RMB 107,663,000, reflecting a 36.2% increase from RMB 79,060,000 in the previous year[143] - Total revenue for the year ended December 31, 2021, was approximately RMB 330,910,000, an increase of 19.4% from RMB 277,261,000 in 2020[129] - Gross profit for the year was approximately RMB 199,790,000, representing a 26.7% increase from RMB 157,627,000 in the previous year, with a gross margin improvement from 56.9% to 60.4%[131] Store Operations and Expansion - The company opened 115 new franchise stores in 2021, with average monthly sales exceeding the same period in 2019[28] - Shopping mall stores accounted for 59.0% of total stores, with new store expansion reaching 71.9% of annual target[29] - Monthly average sales for new stores exceeded RMB 70,200, with significant sales increases noted in several locations[37] - A total of 174 stores were renovated in 2021, including 120 new stores and 37 relocations, improving store image and sales performance[46] - The group had 1,094 franchised stores and 3 directly operated stores as of December 31, 2021, compared to 1,155 franchised stores and 4 directly operated stores as of December 31, 2020[127] Financial Ratios and Cash Flow - The current ratio improved to 7.42 from 6.16, reflecting a 20.5% increase[13] - The quick ratio also increased by 11.3% to 4.82 from 4.33[13] - The group's cash and cash equivalents decreased by approximately RMB 59,982,000 during the year, with net cash inflow from operating activities of approximately RMB 66,149,000 and net cash outflow from investing activities of approximately RMB 66,778,000[153] - The group had cash and bank balances of approximately RMB 35,795,000 as of December 31, 2021, down from approximately RMB 95,777,000 as of December 31, 2020[159] Marketing and Sales Performance - The marketing team implemented various promotional activities, resulting in annual online sales of approximately RMB 10.6 million, with 5.5 million views and 450,000 visitors[42] - E-commerce net sales for the year ended December 31, 2021, reached approximately RMB 169.3 million, exceeding the sales target of RMB 165 million by 2.6%, with a year-on-year growth of 17.3%[55] - Tmall platform sales amounted to approximately RMB 107.1 million, accounting for 63.3% of total e-commerce net sales, with a year-on-year increase of 14.9%[55] - Offline POS sales achieved 93.2% of target, growing 19.3% year-on-year, but down 16.7% compared to 2019[29] Product Development and Innovation - The company launched 22 new customized products in 2021, continuing to expand its product line and enhance product offerings[43] - A total of 69 new products were launched across 16 series, with significant packaging upgrades completed, including 29 new packaging boxes and 12 new fabric bags[70] - The company aims to enhance its product innovation, focusing on craftsmanship, design, and materials, with a goal to achieve product iteration within three years[79] - The company is actively working on the production technology for its Chinese red lacquer comb series, achieving preliminary progress but requiring further development for mass production[83] Customer Satisfaction and Service Quality - Customer satisfaction rate reached 99.1% based on 5,459 valid survey responses, surpassing the group's ISO quality standard target of no less than 90%[52] - The company has committed to providing lifetime repair services, successfully fulfilling this promise during the review year[94] - A total of 96,821 repair cases were handled across 28 repair stations, with continuous upgrades to the repair system to enhance service quality[52] Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards, ensuring transparency and accountability in its operations[184] - The board consists of six directors, including three executive directors and three independent non-executive directors, ensuring a diverse range of expertise[191] - The audit committee is responsible for reviewing the independence of external auditors and the effectiveness of audit procedures[197] - The audit committee held two meetings during the review year, focusing on the effectiveness of financial reporting and internal controls[200] Challenges and Market Conditions - The company faced increased operational pressures from rising rental and labor costs, alongside reduced foot traffic in tourist areas due to sporadic COVID-19 outbreaks[28] - The overall market conditions showed signs of recovery, with retail orders stabilizing and improving compared to the previous year[26] - The company plans to adjust its strategies based on consumer feedback regarding product development, market expansion, and specialized store services in 2022[52]
谭木匠(00837) - 2021 - 年度财报