Chongqing Department Store Co.Ltd(600729) 3 the annual report of 2021 released on March 25 shows that the company achieved an operating revenue of 21.124 billion yuan last year, with a year-on-year increase of 0.22%; The net profit attributable to the parent company was 980 million yuan, a year-on-year decrease of 6.68%; The net profit after deducting non-profit was 923 million yuan, with a significant year-on-year increase of 58.65% and earnings per share of 2.45 yuan. The company’s profit distribution plan for 2021 is to distribute cash of 3.79 yuan per share (including tax).
It is understood that during the reporting period, in the face of continuous and repeated epidemics and severe market situation, the company actively gave full play to the advantages of mixed reform, accelerated digital transformation, and achieved stable and good business performance. Continuously improve the commodity management ability by promoting the reform of supply chain; Expand the membership base and improve the operation ability of members; Carry out business innovation and create differentiated advantages; Strengthen the construction of comprehensive digitization and improve operation efficiency; Strengthen the fine cost control and improve the benefit level; Integrate resources and improve revenue; Optimize the organizational structure, improve organizational operation efficiency and other measures to increase the total profit. In addition, the immediate consumption of the company’s investment and participation in shares realized a net profit of 1.382 billion yuan last year. The company accounted for the long-term equity investment according to the equity method. The investment income recognized in this period was 429 million yuan, a year-on-year increase of 185.52%.
As of December 31, 2021, the company has 304 business outlets according to the business format, including 53 department stores, 178 supermarkets, 44 electrical appliances and 29 automobile trade. It has become a comprehensive commercial enterprise with the largest network scale, operation scale and strongest competitiveness in Chongqing. With the external expansion of the company’s outlets, there are 24 stores in Fuwai (Sichuan, Guizhou, Hubei and other places), and the scale advantage is constantly emerging, which has a significant influence and control over the local market, and the market radiation ability and scale effect are further reflected. During the reporting period, the company achieved online sales of 1.804 billion yuan, a year-on-year increase of 48.37%, accounting for 5.14%, a year-on-year increase of 1.66 percentage points.
With regard to the company’s launch of a high proportion of profit distribution plan, Chongqing Department Store Co.Ltd(600729) independent directors said that this is in line with the company’s business needs and long-term development plan, conducive to ensuring the sustainability and stability of the company’s dividend policy and safeguarding the interests of investors, especially small and medium-sized investors. There is no obvious unreasonable situation such as cash out by major shareholders or improper intervention of relevant shareholders in the company’s decision-making by abusing shareholders’ rights. By the end of 2021, the undistributed profit of the company was nearly 5 billion yuan, and the amount of this dividend accounted for only 30.03% of the accumulated undistributed profit.
