SAINT ANGELO(002154)2022-04-15 16:00Financial Performance - The company's operating revenue for 2021 was ¥4,451,368,806.37, representing a 17.52% increase from ¥3,787,665,183.11 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥464,358,584.63, a 26.70% increase compared to ¥366,496,497.20 in 2020[32]. - The net profit after deducting non-recurring gains and losses was ¥413,855,043.93, which is a 39.40% increase from ¥296,889,489.37 in 2020[32]. - The company's total assets at the end of 2021 were ¥6,117,536,478.16, reflecting a 25.91% increase from ¥4,858,669,173.76 at the end of 2020[32]. - The net assets attributable to shareholders increased by 28.90% to ¥4,161,423,487.68 at the end of 2021 from ¥3,228,461,628.60 at the end of 2020[32]. - The basic earnings per share for 2021 was ¥0.38, up 26.67% from ¥0.30 in 2020[32]. - The net cash flow from operating activities for 2021 was ¥619,451,107.56, a decrease of 13.84% from ¥718,988,995.41 in 2020[32]. - The company reported a total of ¥50,503,540.70 in non-recurring gains for 2021, compared to ¥69,607,007.83 in 2020[38]. - The weighted average return on equity for 2021 was 13.38%, an increase from 12.03% in 2020[32]. Market and Sales Strategy - The company is focused on expanding its direct sales and e-commerce platforms to enhance brand presence and sales channels[15]. - The company aims to leverage new retail strategies through its private traffic platform, enhancing customer engagement and sales conversion[15]. - The company is focusing on enhancing its channel structure by increasing the proportion of shopping center channels and opening flagship stores on platforms like Douyin[51]. - The company operates a multi-channel sales strategy, integrating online and offline sales through platforms like Tmall and JD.com, while also expanding into live-streaming e-commerce[92][94]. - The company is committed to improving its online business performance by adapting to new e-commerce trends and enhancing its live-streaming sales initiatives[163]. - The company aims to enhance brand recognition through various promotional activities, including collaborations with KOLs and social media campaigns[116]. Product Development and Innovation - The company has implemented a personalized intelligent customization system to meet consumer demands effectively[49]. - The company plans to continue enhancing its product offerings, including the launch of a new "sports suit" series to address consumer needs[55]. - The company is committed to improving product quality and service through smart production initiatives[156]. - The company aims to enhance product categories by innovating and upgrading leisure products, including the development of golf series, to boost sales[157]. - The company has ongoing R&D projects focused on new technologies and fabric functionalities to improve product competitiveness[122]. Corporate Governance and Investor Relations - The company has a dedicated investor relations team to facilitate communication with shareholders and stakeholders[23]. - The company maintained a 100% response rate to investor inquiries, addressing 116 questions through its investor relations platform[173]. - The company held 5 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[172]. - The board of directors convened 9 meetings to review significant matters, with all resolutions executed effectively[173]. - The company disclosed 83 announcements during the reporting period, achieving an A-level information disclosure rating[173]. Operational Efficiency and Cost Management - The company aims to strengthen its supply chain responsiveness and inventory turnover to mitigate risks associated with high inventory levels[162]. - The main business cost for the textile and apparel sector in 2021 was CNY 1,497,156,225.83, accounting for 93.22% of total operating costs, which increased by 14.09% from CNY 1,312,215,158.05 in 2020[79]. - Sales expenses increased by 17.59% to ¥1,764,604,028.56 in 2021 from ¥1,500,579,903.09 in 2020, primarily due to expanded sales channels and enhanced brand promotion efforts[90]. - Management expenses rose by 24.77% to ¥328,816,169.71, attributed to increased performance incentives and the absence of social security reductions enjoyed in the previous year due to the pandemic[90]. Risk Management - The company emphasized the importance of risk awareness regarding forward-looking statements and performance forecasts[6]. - The company acknowledges risks related to market demand fluctuations and plans to adjust operational strategies accordingly to maintain efficiency and quality[160]. - The company is focused on risk control in investments, particularly in projects that can lead or innovate in the main business or technology frontier areas[159]. Human Resources and Management - The company has a total of 129 in-house fashion designers, with no signed external designers[121]. - The management team includes experienced professionals with diverse backgrounds in finance and management[190]. - The company has established a compensation and assessment committee to oversee remuneration plans[191]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 929.78 million[191]. Shareholder Information - The actual controller, Mr. Wu Zhize, holds 38.09% of the company's total shares, ensuring independent operations in business, personnel, and finance[177]. - The company reported a shareholding of 132,993,263 shares at the beginning of the period, with a decrease of 1,342,916 shares, resulting in an ending shareholding of 131,650,347 shares[181]. - The current chairman and general manager, Wu Zhize, has held 126,056,099 shares, unchanged during the reporting period[181].