Securities code: Rainbow Digital Commercial Co.Ltd(002419) securities abbreviation: Rainbow Digital Commercial Co.Ltd(002419) Announcement No.: 2022014 Rainbow Digital Commercial Co.Ltd(002419) 2021 annual report summary
1、 Important note: the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. All directors have attended the meeting of the board of directors to consider this report. Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of common shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable whether to convert accumulation fund into share capital □ yes √ no
The company’s profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 1168847750 shares as the base, distribute cash bonus of 1.60 yuan (including tax) to all shareholders for every 10 shares, do not give bonus shares, and do not convert accumulation fund into share capital. Profit distribution plan for preferred shares in the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1 Company profile
Stock abbreviation Rainbow Digital Commercial Co.Ltd(002419) stock code Rainbow Digital Commercial Co.Ltd(002419)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Wan Ying Huang Xiaoli
Office address: 19 / F, Tianhong building, No. 3019, Zhongxin Road (Shenzhen Bay section), Nanshan District, Shenzhen
Fax: 075523652166
Tel: 075523651888
E-mail [email protected]. [email protected].
2. Main business or product introduction during the reporting period
(1) Overview of the company’s business model
Through online development and business upgrading, Tianhong has integrated Wuxi Online Offline Communication Information Technology Co.Ltd(300959) , retail and service, and transformed into a Wuxi Online Offline Communication Information Technology Co.Ltd(300959) integrated localized consumption service platform. Value creation mainly focuses on the following aspects: Taking the store as the unit to provide customers with localized living consumption and commodity retail arrival and home services; Integrate national commodity resources with app online platform and accurately serve national target customers with SCRM system; Value added services for members and partners through digital technology.
(2) Main business and business model of the company
The company has two types of business: platform type and vertical type. Platform businesses are department stores and shopping centers, mainly in cooperation modes such as joint venture and leasing; The vertical business is supermarket, which is mainly self operated. The company has “Tianhong”, “JunShang”“ sp@ce ”Three brands. As the leader of Tianhong digitization, Tianhong app is Tianhong’s member center, commodity center, marketing center, big data center and traffic sharing center.
Tianhong Department store provides high-quality and fashionable goods and high-quality life services, and continues to carry out medium and high-end upgrading or shopping center transformation; Tianhong shopping center is positioned as a fashion life center enjoying a happy time, including four contents: eating, drinking and fun, fashion retail, children’s growth and convenient life, and upgrading the customer experience by creating a characteristic theme block; Tianhong supermarket is positioned as a medium and high-end, digital and experiential life supermarket to meet the needs of middle-class family customers. By providing high-quality, healthy and cost-effective goods and on-site characteristic services and experience, Tianhong supermarket provides consumers with quality and healthy life solutions.
Focusing on the retail ecosystem, the company has established Shenzhen Lingzhi Digital Technology Co., Ltd. (hereinafter referred to as Lingzhi Digital Technology Co., Ltd.) to provide retail digital technology services for peers and upstream brands, and Shenzhen Tianhong microfinance Co., Ltd. (hereinafter referred to as Tianhong Finance) to provide financing services for suppliers.
In order to optimize resource allocation and focus more on the development of core strategic business, the company sold 100% equity of its wholly-owned subsidiary Tianhong Weiwo through public listing and transfer in 2021.
(3) The company’s main business and business model, the development stage of the retail industry and the industry position of the company
In 20219, the consumption of vid-19 virus outbreak in China continued to increase. The total retail sales of social consumer goods showed a trend of high before and low after the whole year, which fell rapidly in the second half of the year, with an increase of only 1.7% in December. The flow of e-commerce industry is decentralized, and new forms such as live e-commerce and community group purchase are developing rapidly; The business situation of the real retail industry is becoming more and more differentiated. The implementation of the new leasing standards has a great impact on the real retail industry, especially for enterprises focusing on leasing mode. Supermarket enterprises are affected by the repeated epidemic, the impact of various shopping forms such as community group buying and live e-commerce, and the change of consumption patterns. Compared with the high base in the same period last year, the overall performance growth is weak, and department store and shopping center enterprises are still recovering from the bottom.
The company has basically formed an innovative business model of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) integration, with leading retail digital technology capability. Online sales have increased rapidly, the proportion of online sales has increased significantly, offline consumption experience has been continuously enhanced, and store sales and passenger flow have recovered significantly.
Rainbow Digital Commercial Co.Ltd(002419) ranked 18th in the list of “top 100 Chinese chains in 2020” released by China chain operation association in 2021. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 32106892623591780577483862 80.32% 16633472630
Net assets attributable to shareholders of listed companies 41093452009166938 China Merchants Property Operation & Service Co.Ltd(001914) 0 – 38.61% 694957646645
20212020 year-on-year increase or decrease 2019
Operating income 12268244701181179992640374 3.97% 1939252909100
Net profit attributable to shareholders of listed companies: 2321111354525342672105 – 8.41% 85930479024
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of -88371392613094501665 – 385.58% 71666722826
Net cash flow from operating activities 273404821596103129824305 165.11% 145898659027
Basic earnings per share (yuan / share) 0.1948 0.2111 – 7.72% 0.7159
Diluted earnings per share (yuan / share) 0.1948 0.2111 – 7.72% 0.7159
The weighted average return on net assets was 5.50% and 3.74%, up 1.76 percentage points and 12.87%
Description of main accounting data and financial indicators:
On December 7, 2018, the Ministry of Finance issued the notice on revising and Issuing the accounting standards for Business Enterprises No. 21 – leasing (CK [2018] No. 35, hereinafter referred to as the “new leasing standards”). According to the requirements of the implementation period of the above accounting standards, the company will implement the new leasing standards from January 1, 2021. According to the cumulative impact of the first implementation of the new leasing standards, Adjust the amount of retained earnings and other relevant items in the financial statements on the first execution date, and do not adjust the information of comparable periods.
The present value of the remaining assets shall be measured according to the current interest rate of the company’s initial use right from the date of execution of the lease, i.e. the first execution date of the lease right.
The new leasing standards have a significant impact on the distribution of net cash flow from operating activities and financing activities and a series of financial indicators in the company’s balance sheet, income statement and cash flow statement.
In order to facilitate comparability, the data of 2021 are listed as follows according to the same caliber of the previous year:
In the reporting period (old lease criteria), the increase or decrease in the reporting period over the same period of last year
Operating income (yuan): 12268244701181179992640374 3.97%
Net profit attributable to shareholders of listed company (yuan): 5117818754325342672105 101.94%
Net profit attributable to shareholders of listed company after deducting non recurring profit and loss of 19129934737, 3094501665 and 518.19% (yuan)
Net cash flow from operating activities (yuan) 89100171835103129824305 – 13.60%
Basic earnings per share (yuan / share) 0.4295 0.2111103.46%
Diluted earnings per share (yuan / share) 0.4295 0.2111103.46%
The weighted average return on net assets was 7.60% and 3.74%, up 3.86 percentage points
(2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 33 Zhuzhou Huarui Precision Cutting Tools.Co.Ltd(688059) 10602826449909803 Zhejiang Jiuli Hi-Tech Metals Co.Ltd(002318) 55903307067032175
Net profit attributable to shareholders of listed company 1363681177269040135111331912871 -2448012449
Deduction attributable to shareholders of listed companies is not subject to 7787793923 – 14461
