Company code: China National Gold Group Gold Jewellery Co.Ltd(600916) company abbreviation: China National Gold Group Gold Jewellery Co.Ltd(600916) China National Gold Group Gold Jewellery Co.Ltd(600916)
Summary of annual report 2021
Section I important tips
1 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 go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4. Tianjian Certified Public Accountants issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The company plans to distribute a cash dividend of 2.40 yuan (including tax) to all shareholders for every 10 shares. As of the disclosure date of this annual report, the total share capital of the company is 1680000000 shares. Based on this calculation, the proposed cash dividend is 40320000000 yuan, accounting for 50.75% of the net profit attributable to the common shareholders of the listed company in the consolidated statements of the current year. After the completion of dividends, the balance of distributable profits of the parent company is 82708849856 yuan. The above dividends comply with the relevant provisions of the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 - standardized operation and the articles of association. The independent directors of the company agree to the profit distribution plan and express independent opinions.
This proposal needs to be approved by the general meeting of shareholders of the company.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange China National Gold Group Gold Jewellery Co.Ltd(600916) China National Gold Group Gold Jewellery Co.Ltd(600916) not applicable
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Chen Jun-
Office address: 1 Liuyin Park South Street, Anwai street, Dongcheng District, Beijing-
number
Tel: 01084115629-
E-mail [email protected]. -
2. Introduction to the company's main business in the reporting period
According to the relevant data released by the National Bureau of statistics and the China National Gold Group Gold Jewellery Co.Ltd(600916) Association: in 2021, China's GDP increased by 8.1% over the previous year, the total economic output reached 114.4 trillion yuan, exceeded 110 trillion yuan, the per capita GDP of China was 80976 yuan, the per capita disposable income of residents increased by 8.1% over the previous year, and the total retail sales of social consumer goods was 440823 billion yuan, an increase of 12.5% over the previous year.
Source: National Bureau of Statistics
In 2021, the total retail sales of gold, silver and jewelry commodities of units above designated size were 304.1 billion yuan, while the data of 2018, 2019 and 2020 were 275.8 billion yuan, 260.6 billion yuan and 237.6 billion yuan respectively. The total retail sales of gold, silver and jewelry of units above Designated Size exceeded 300 billion yuan for the first time, more than 40 billion yuan more than 2019 before the epidemic, with a year-on-year increase of 29.8%, ranking first in all commodity categories, with an increase of 16.7% compared with 2019, It shows the strong sustainable growth ability of gold, silver and jewelry retail industry.
Source: National Bureau of Statistics
In 2021, the actual consumption of gold in China was 112090 tons, an increase of 36.53% over the same period in 2020 and 11.78% over the same period in 2019 before the epidemic. Among them, 711.29 tons of gold jewelry, an increase of 44.99% over the same period in 2020 and 5.18% over the same period in 2019; Gold bars and gold coins were 312.86 tons, an increase of 26.87% over the same period in 2020 and 38.56% over the same period in 2019.
(the China National Gold Group Gold Jewellery Co.Ltd(600916) consumption will pick up in 2021)
Data source: wind
During and after the epidemic, the gold jewelry industry has experienced an industry reshuffle. The leading enterprises have rapidly expanded their channels and constantly adjusted their market strategies to adapt to the new competitive environment. From the perspective of pattern evolution, the development trend of the "tripartite confrontation" of Hong Kong funded brands, international brands and mainland jewelry brands in China's jewelry industry is becoming clearer. From the perspective of growth mode, traditional jewelry is still driven by channels, and emerging jewelry is driven by marketing. At present, China's jewelry market is gradually realizing the transition from "V" rebound to recovery and stabilization, and mainly presents the following two characteristics: (I) high boom growth of the industry
The consumption of gold jewelry has recovered rapidly, and the sales of gold is in good condition under the demand for value preservation and process upgrading. Since July 2020, the growth rate of retail sales of gold and jewelry above the quota has gradually recovered. By November 2021, the growth rate is higher than the overall growth rate of retail sales of goods above the quota. In 2021, the annual growth rate was 29.8% year-on-year and continued to grow at a high speed.
Driven by factors such as consumption promotion policies and festival consumption, the recovery momentum of gold jewelry consumption has been increasing. Among them, the consumption of gold jewelry in ancient France continues to rise strongly, which has become the main driving force driving the recovery of the industry.
(II) the younger consumer groups and the upgrading of gold technology promote the release of accessories demand
Different from the middle-aged and elderly consumers who mainly aimed at gifts and preservation of value in the past, "millennials" and "Z generation" consumers are eager for social recognition, but they also want to show their personality. The pursuit of national style and tide has also been extended to the field of gold jewelry.
The upgrading of gold technology has greatly expanded the use scene of products and met the diversified and personalized needs of young groups in accessories.
1. Main business and main products of the company
The company is mainly engaged in the creative R & D, processing, wholesale and retail of gold, silver, jewelry, jewelry and mold products; Design, production, wholesale and sales of various metal commemorative coins and seals; R & D, design and sales of gold watches, K-gold watches, platinum watches, precious metal inlaid watches and precious metal intelligent electronic wearable devices; Production, processing, wholesale and retail of outer packaging materials, and recycling of old gold and silver materials; Wholesale and retail of office supplies, gifts and handicrafts; Road transportation of ordinary goods, storage and logistics of precious metals, exhibition services, etc.
2. Business model
(1) Procurement mode
According to the procurement category, the company's procurement can be mainly divided into raw material procurement and finished product procurement. The procurement of raw materials mainly includes the procurement of gold and other raw materials; The procurement of finished products mainly includes the procurement of finished products of KJIN jewelry products and some gold products. In addition, the company also obtains some gold raw materials through gold leasing and other forms.
On the whole, on the premise of ensuring the inventory required for necessary production and sales, the company adopts the mode of "purchase by sales" to carry out raw material procurement and finished product procurement. The regulations on the control and management of raw materials and inventory risk, the procurement system of gold and silver raw materials, the product procurement management system, the Interim Measures for risk control and financial accounting of business sector and the measures for the management of debt financing have been formulated to standardize the procurement business process and reasonably avoid inventory risk.
(2) Production mode
The company adopts the principle of "production by quantity" to organize product production. Gold bar products in gold products are mainly produced by Sanmenxia Zhongyuan Gold and silver products, a subsidiary of the company; Gold jewelry and some gold products in gold products are mainly produced by entrusting external factories for processing; K gold jewelry products and some gold products are mainly purchased from finished products, which does not involve the company's production links.
(3) Sales situation
The company's sales model mainly includes direct selling model and distribution model. The direct selling mode mainly includes direct store channels, bank key customer channels, e-commerce channels, etc. the distribution mode is mainly franchise store channels, and expanded online distribution channels during the reporting period, greatly improving the online market penetration.
(4) Gold repurchase
The company has been shortlisted in the list of standard gold ingot enterprises that can be provided by Shanghai gold exchange. During the reporting period, the company opened a precious metal repurchase center offline, improved the Internet repurchase system, comprehensively carried out the repurchase business of brand gold products, and expanded the share and influence of the company's brand in the gold recycling and processing market. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 1102014791410902720471731 22.08843076160390
Net assets attributable to shareholders of listed company 655597708336519933194350 26.09469917579578
Operating income 50757666182963378762520712 50.233827409655943
Net profit attributable to shareholders of listed company 7944322977350015614772 58.8445146427884
Net profit attributable to shareholders of listed company 7581818568944414260358 70.7143889284956 after deducting non recurring profits and losses
Net cash flow from operating activities: 814945004815555 Nanning Sugar Industry Co.Ltd(000911) 3 46.7050549197696
Weighted average net assets 12.91 10.11 increased by 2.80% yield of 10.09%
）
Basic earnings per share 0.48 0.33 45 0.30 (yuan / share)
Diluted earnings per share 0.48 0.33 45.45 0.30 (yuan / share) 3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 133 Hainan Dadonghai Tourism Centre (Holdings) Co.Ltd(000613) 087103194443772
13, Shenzhen Microgate Technology Co.Ltd(300319) ,540.95 9 1 13,837840,956.01
Net profit attributable to shareholders of listed companies
Run 20629987127195982751141561500861223599958920
Deduction attributable to shareholders of listed companies
Net profit after non recurring profit and loss 20740466107194905872831530250245220284629847
Net cash flow from operating activities
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